Entertainment
Florida taxpayers could face a $1 billion Disney debt bomb if its special district status is revoked
A view of the Walt Disney World theme park entrance on July 11, 2020 in Lake Buena Vista, Florida. Octavio Jones | Getty Images A repeal of Disney’s self-government status in Florida could leave local taxpayers with more than $1 billion in bond debt, according to tax officials and legislators. The Florida House of Representatives on […]
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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 […]
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Retail traders were buying Netflix shares as the stock plunged more than 30%, Vanda Research says
Retail traders were net buyers of Netflix on Wednesday during a massive decline in the stock. Source
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Apple spent more than it ever has on lobbying as antitrust threats loom
Tim Cook, CEO of Apple, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 10, 2019. Brendan McDermid | REUTERS Apple spent a record $2.5 million lobbying Congress in the first quarter of 2022, more than a 34% increase from the previous quarter, according to its disclosure made […]
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HBO grows to nearly 77 million total subscribers as Netflix reports a decline
HBO and HBO Max had 76.8 million subscribers at the end of the first quarter of 2022, former parent company AT&T reported Thursday. That marks a 3 million subscriber increase from the previous quarter and a 12.8 million year-over-year increase. Domestic average revenue per user (ARPU) reached $11.24, up from $11.15 last quarter. The news […]
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Erik ten Hag: Manchester United appoint Ajax boss as new manager
Ajax boss Erik ten Hag, pictured here at the final cup match at the Johan Cruijff Arena on April 15, 2022 in Amsterdam, has been appointed as the new manager of Manchester United. Bsr Agency | Getty Images Sport | Getty Images Manchester United have appointed Ajax boss Erik ten Hag as their new manager, […]
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Legacy media has disrupted Netflix. The consequence may be mutually assured destruction
Reed Hastings, co-CEO of Netflix, participates in the Milken Institute Global Conference on October 18, 2021 in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images We must be living in the Upside Down. Legacy media has disrupted Netflix. Netflix announced Tuesday it’s exploring adding a lower-priced, advertising-based tier to its service. The […]
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A$AP Rocky detained at LAX in connection to November 2021 shooting
ATLANTA, GA – APRIL 12: A$AP Rocky attends A$AP Rocky Launch of Mercer + Prince Blended Canadian Whisky at Pasha Restaurant and Bar on April 12, 2022 in Atlanta, Georgia. Prince Williams | Getty Images Rakim Mayers, better known as A$AP Rocky, was detained on Wednesday at Los Angeles International Airport in connection to a […]
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Here’s what the analyst who predicted Netflix’s struggles says is next for the stock
Needham’s Laura Martin downgraded Netflix more than two years ago, and her predictions have proved prescient. Source
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Streaming stocks slide after Netflix says it is losing subscribers
Reed Hastings, Co-CEO, Netflix speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, U.S. October 18, 2021. David Swanson | Reuters The stock prices of streaming video companies fell in extended trading on Tuesday after Netflix released earnings that showed the sector leader lost subscribers for the first time in more than […]
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