NEW YORK, Nov. 22, 2021 (GLOBE NEWSWIRE) – Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and ideas from executives at: Roblox Corporation (NYSE: RBLX), ESE Entertainment (TSX.V: ESE) (OTC: ENTEF), AMC Entertainment Holdings (NYSE: AMC) and Zynga (NASDAQ: ZNGA).
Wall Street Reporter highlights the latest comments from industry thought leaders driving innovation in the global multi-billion dollar entertainment market, spanning: metaverse, esports, video games and cinemas.
Konrad Wasiela, CEO of ESE Entertainment (TSX.V: ESE) (OTC: ENTEF): 10-fold increase in revenue execution rate in 10 months is just the start
ESE Entertainment (TSX.V: ESE) (OTC: ENTEF) CEO Konrad Wasiela, a featured presenter on the Wall Street Reporters NEXT SUPER STOCK investor live stream, said revenue increased to more than $ 25 million, a tenfold increase in 10 months. Konrad says this is just the start as his goal is to grow ESE into a billion dollar global esports company. Wasiela said ESE now has a growing esports mergers and acquisitions pipeline with annual revenue of over $ 100 million and is expected to close a significant number of these potential deals. In the coming months.
In his interview with Wall Street Reporter, ESE CEO Konrad Wasiela said the company is now poised to evolve – expanding its global footprint, with new partnerships with global brands such as Porsche and Kia, generating a revenue growth with a focus on sales and margin. expansion and opportunities for mergers and acquisitions. ESE is now growing rapidly, with multiple revenue streams including esports infrastructure software powering global tournaments, exclusive digital media distribution, broadcast rights, and ownership of league and team players. world class, including its global E-Sports K1CK franchise.
Watch ESE (OTC: ENTEF) (TSX.V: ESE) Next live video from Super Stock: https://bit.ly/3u6oZWc
Adam Aron, CEO of AMC Entertainment Holdings (NYSE: AMC): Theaters – Won’t Go!
… Thanks to the increase in attendance, the increase in ticket prices achieved both by mix changes and real price increases, the storage of food and drink income per customer, a concentration without relaxed on cost containment and the pruning of marginal theaters in our network, our second quarter financial results were well ahead of ours and the consensus expectations of third parties. In short, AMC crushed him in the second trimester.
… Some were convinced that our recovery in the second quarter would be slower than the current reality. Once again, AMC’s second quarter numbers also proved them wrong. But there are those, again, who continue to predict the demise of theatrical exploitation business as a whole or maybe they just want to predict the demise of AMC. They say streaming is going to beat us, that’s their conventional wisdom. Well, a lot of people scoff at conventional wisdom because so often it’s just plain wrong. You have probably heard this mantra before, maybe you have even repeated it yourself. Radio will kill cinemas. Television was going to kill cinemas. VCRs were going to kill movie theaters. DVDs are going to kill cinemas. Each time, the cinemas have shown resilience. Americans went to the movies a billion times in 2019. That’s a billion with a B. And the global box office in 2019 hit a record high of $ 43 billion. Yes, there has been a pandemic, but now streaming is going to kill cinemas, we hear gasping for air. Well, at AMC we intend with all of our might, brain, heart, and soul to prove that these procrastinators and prognosticators are wrong as well.
AMC Entertainment Holdings (NYSE: AMC) earnings call highlights: https://bit.ly/3pXmqWl
Roblox Corporation (NYSE: RBLX) CEO David Baszucki: Immersive Advertising is a Huge Opportunity
… We have historically started with younger players. And now we’re seeing growth in two areas: one is that the existing Roblox player base is growing with us. It is therefore a retention opportunity to bring them with us. But we also bring other people. Squid games, concerts, two examples of events that we believe have probably reached a new audience. In the case of Squid Games looking – and this is singular of Squid Game, people looking for a place to have the experience that marks the awesome show side by side. And so they came to Roblox where they could see it. So I believe these things are in addition to the successful people who come to our platform and stay with us and bring new, older players to a platform.
… Advertising is a huge opportunity, and at the same time our view of advertising is immersive, native, it’s around high quality experiences and over time we will be working on deployment. But the standards around it, how it’s supported globally and we think there is an interesting and big future and at the same time, a very high quality brand advertising type future.
Roblox Corporation (NYSE: RBLX) Profit Highlights: https://bit.ly/3oeGu42
Frank Gibeau, CEO of Zynga Inc. (NASDAQ: ZNGA): Several catalysts in place to drive strong revenue growth and margin expansion
… We achieved our highest ever second quarter revenue of 720 million, up 59% year-over-year and record bookings of 712 million in the second quarter, an increase 37% year over year … As we look to the future, we are incredibly excited about our positioning within the dynamic and rapidly growing interactive entertainment industry and the multiple catalysts we have set up to generate strong revenue growth and margin expansion in the years to come. Executing our multi-year growth strategy enables Zynga to drive recurring organic growth from our expanding live services portfolio and new games pipeline. In addition, we are investing in hyper-casual gaming, cross-platform gaming, international expansion and ad technology, all of which have the ability to significantly increase Zyngas’ total addressable market and further enhance our competitive edge and our growth potential within the interactive entertainment industry. ..
… We remain incredibly excited about the ongoing growth trends in interactive entertainment as well as Zyngas’ unique position as one of the world’s leading mobile game developers and publishers. Our investments to date have added significant scale to Zyngas’ portfolio while expanding our studios, enhancing our platform capabilities, and amplifying our culture of collaboration … as we navigate short market momentum. Over time, we remain confident that the continued execution of our multi-year program Our growth strategy will position us for continued revenue growth and improved operating leverage in the years to come.
Highlights of earnings from Zynga Inc. (NASDAQ: ZNGA):https://bit.ly/2WWcwrm
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