Entertainment, Media & Sports · Week of Nov 2, 2026
Fox closes Roku deal as earnings fill the week in media and sports
Earnings from Callaway, Under Armour and Reservoir Media shared the week with Fox closing its Roku deal and new licensing, live event and racing news.
Fox Corporation's completed acquisition of Roku was the largest item of the week. Fox says the deal brings Roku, Tubi and FOX One into a new FOX Digital Platforms division, and it expects about $400 million in run-rate cost synergies within two years. Distribution of content also figured in smaller deals, with Cineverse licensing titles from its library to the streaming services Dropout and Eternal Family.
Quarterly results made up the other main thread. Callaway Golf Company and Reservoir Media both raised their full-year outlooks. Callaway did so despite lower quarterly sales, while Reservoir reported higher revenue and profit. Under Armour reported a 7 percent revenue decline and lowered its expected gross margin improvement. Elsewhere, Outlaw Partners announced John Summit shows in Montana, Kaulig Racing named its drivers for Dodge's 2027 NASCAR Cup Series return, and FiEE reported results from a Kyoto art auction.
Callaway Golf Company
CALLAWAY GOLF COMPANY ANNOUNCES THIRD QUARTER 2026 RESULTS
Callaway Golf Company reported third quarter 2026 net sales of $436.9 million, down 5.6%, and GAAP net income from continuing operations of $48.1 million. It raised its full-year 2026 outlook to net sales of $2.065 billion to $2.078 billion and Adjusted EBITDA of $272 million to $280 million, and it says it has repurchased $135 million of shares year to date.
Under Armour, Inc.
UNDER ARMOUR REPORTS SECOND QUARTER FISCAL 2027 RESULTS
Under Armour reported second quarter fiscal 2027 revenue down 7 percent to $1.2 billion and a net loss of $0.4 million. It now expects fiscal 2027 gross margin to rise 170 to 220 basis points, down from 220 to 270, while keeping adjusted operating income guidance at $140 million to $160 million.
Reservoir Media, Inc.
RESERVOIR MEDIA ANNOUNCES SECOND QUARTER FISCAL 2027 RESULTS
Reservoir Media reported second quarter fiscal 2027 revenue of $49.9 million, up 10%, and net income of $4.6 million, with Recorded Music revenue up 18%. It narrowed and raised its fiscal 2027 outlook to revenue of $188M - $192M and Adjusted EBITDA of $77M - $80M, and it acquired the José Feliciano recorded music catalog and the Billy Strayhorn publishing catalog during the period.
Fox Corporation
FOX CORPORATION COMPLETES ACQUISITION OF ROKU
Fox Corporation completed its acquisition of Roku on Nov. 6, 2026, paying $95.30 in cash and 0.9799 FOX Class A shares per Roku share, and Roku shares ceased trading on the Nasdaq. Fox says it expects about $400 million in run-rate cost synergies within two years, and Roku founder Anthony Wood joins the FOX board and becomes Co-Chair of the new FOX Digital Platforms division.
FiEE, Inc.
FiEE Advances O2O ArtTech Ecosystem with Approximately US$2.9 Million in Gross Transaction Value at Kyoto Artwork Sales Event, Targeting Art Advisory and Global Collector Networks
FiEE says its Kyoto art exhibition and auction, held with the Museum of Kyoto, produced about US$2.9 million in aggregate artwork transaction value and about US$1.3 million in service revenue for the company. The company says it plans regular art events and sees opportunities in art advisory services, but it cautions that future events may not match these results.
Cineverse Corp.
Cineverse Licenses Indie Hit 'Hundreds of Beavers' to Dropout SVOD Comedy Platform, Plus 10 Titles to Eternal Family
Cineverse licensed the indie film Hundreds of Beavers to the comedy SVOD service Dropout and 10 library titles, including Robot Carnival and Appleseed, to Eternal Family for the U.S. and Canada. The company says its library spans tens of thousands of titles valued at approximately $45 million and that third-party licensing drives licensing, subscription and advertising revenue.
Outlaw Partners
John Summit Brings Experts Only to Big Sky for Two Headline Shows, March 13-14, 2027
Outlaw Partners will produce two John Summit Presents Experts Only headline shows at the Big Sky Events Arena in Montana on March 13 and 14, 2027, with a presale on November 10 and the public on-sale on November 11. The release says it will be John Summit's first performance in Montana and the only Experts Only ski weekender in the U.S. in 2027.
Stellantis
Kaulig Racing Tabbed as Flagship Team for Dodge Return, Allmendinger, Dillon Named Drivers for 2027
Kaulig Racing named AJ Allmendinger and Ty Dillon as drivers for its flagship NASCAR Cup Series program, which will be Dodge's anchor team when the manufacturer returns to the series in 2027. Dodge, which last competed in the Cup Series in 2012, will reveal its 2027 race car livery on Dec. 4 at the Snowball Derby.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not BuzzCabin reporting.