Comcast Corp
New Comcast-Charter streaming joint venture suggests the next chapter of the streaming wars is coming
Brian Roberts, CEO of Comcast (L), and Tom Rutledge, chief executive officer of Charter Communications Drew Angerer | Getty Images It’s easy to shrug off last week’s announcement that Comcast and Charter have started a joint venture to gain market share nationwide in streaming-video distribution. But the two largest U.S. cable companies may be playing […]
Read More
Stocks making the biggest moves midday: Meta, McDonald’s, Teladoc, Ford and more
Pavlo Gonchar | LightRocket | Getty Images Check out the companies making headlines in midday trading. Meta Platforms — Shares of the company formerly known as Facebook surged 17.6% after reporting mixed first-quarter results. The company posted a beat in earnings but a disappointing revenue miss. It also saw daily active users grow following a decline […]
Read More
Comcast shares slump as broadband subscriber growth continues to slow
Comcast reported first-quarter earnings Thursday that beat analyst estimates on the top and bottom lines, though broadband growth continues to slow. Comcast added 262,000 high-speed internet customers in the quarter, above the 229,000 average analyst estimate. But about 80,000 of those subscribers were free Internet Essentials customers who are now counted in the total. Comcast […]
Read More
Earnings playbook: Your guide to the busiest week of the reporting season, featuring Apple & others
The busiest week of the earnings season is coming up, with roughly 160 S&P 500 companies slated to report, including tech giant such as Apple and Amazon. Source
Read More
Netflix is finally going after password sharing. Here’s how it’s likely to work
Netflix signage next to the Nasdaq MarketSite in New York, U.S., on Friday, Jan. 21, 2022. Michael Nagle | Bloomberg | Getty Images Netflix surprised the world this week, saying it plans to finally address the rampant practice of password sharing. More than 100 million households are using a shared password, Netflix said Tuesday, including […]
Read More
Florida Republicans vote to dissolve Disney’s special district, eliminating privileges and setting up a legal battle
Florida Gov. Ron DeSantis has his guns pointed at Disney World. On Thursday, the Florida state legislature passed a bill seeking to dissolve a special district that allows the Walt Disney Company to act as its own government within the outer limits of Orange and Osceola counties. The bill passed the state Senate Wednesday with […]
Read More
Legacy media has disrupted Netflix. The consequence may be mutually assured destruction
Reed Hastings, co-CEO of Netflix, participates in the Milken Institute Global Conference on October 18, 2021 in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images We must be living in the Upside Down. Legacy media has disrupted Netflix. Netflix announced Tuesday it’s exploring adding a lower-priced, advertising-based tier to its service. The […]
Read More
Netflix estimates 100 million households are sharing passwords and suggests a global crackdown is coming
Reed Hastings, CEO of Netflix, attends a press conference in Mexico City, Mexico. Hector Vivas | Getty Images Today could be a dark day for your ex-boyfriend’s brother. Netflix, the world’s largest streaming video company, warned a global crackdown on password sharing is coming. It seems like a serious warning this time, and it could […]
Read More
All eyes are on ‘Sonic 2’ as movie theater owners hope families will finally return to cinemas
Hollywood is keeping its eyes on a speedy blue hedgehog this weekend. Paramount’s “Sonic the Hedgehog 2” is the first major family-friendly film released in theaters this year and is expected to signal if this highly sought after demographic is finally ready to return to multiplexes en masse. The movie’s early box office returns are […]
Read More
UFC, Formula 1 and WWE could be the next acquisition targets for streaming giants
(L-R) Conor McGregor of Ireland punches Dustin Poirier in a lightweight fight during the UFC 257 event inside Etihad Arena on UFC Fight Island on January 23, 2021 in Abu Dhabi, United Arab Emirates. Chris Unger | UFC | Getty Images In 2016, before Ultimate Fighting Championship sold for $4 billion to the company that […]
Read More