Hollywood has taken full advantage of this year’s stock market frenzy, seizing on the David vs. Goliath and retail trader vs.
hedge fund storylines, which have already sparked about a dozen scripted and documentary television and film projects. But a month before "meme stocks" like GameStop and AMC Entertainment took flight and captured the public imagination, many of the world’s entertainment giants were the beneficiaries of a nine-figure windfall driven by retail trader enthusiasm.
According to filings with the Securities and Exchange Commission, ViacomCBS netted $213 million, Discovery Inc. saw a gain of $126 million, AMC Networks saw gross proceeds of $96 million, and Comcast has sold $15 million (so far).
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