Media
JPMorgan upgrades Netflix, says shares can rally nearly 40% as streamer focuses on ad tier
Netflix ‘s third-quarter results and upcoming initiatives signal that the streaming giant’s revenue troubles are largely behind it, JPMorgan said. Analyst Doug Anmuth upgraded the streamer stock to overweight from neutral, saying in a note to clients Wednesday that Netflix’s foray into advertising should pay off over time. “Coming out of 3Q earnings, we have […]
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Why analysts say Netflix’s third-quarter results signal the start of a ‘narrative defining period’
Netflix ‘s subscriber turnaround in the third quarter signaled to many that the streaming giant’s troubles are behind it. But some analysts warn the company isn’t out of the woods just yet and the stock is entering a defining period. The streaming giant on Tuesday reported subscriber growth of roughly 2.4 million, topping expectations set […]
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Fanatics hires finance chief for sports-betting division before January launch
Andrea Ellis has been appointed CFO of Fanatics Betting & Gaming. Source: Fanatics Fanatics is getting one step closer to launching its highly anticipated sports-gambling division, nearly five years after the Supreme Court overturned the rule preventing states from legalizing bets on sporting events. The sports platform and e-commerce company, which has been valued at […]
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Netflix’s message to shareholders: Focus on revenue and profit, not subscriber adds
Netflix logo Mario Tama | Getty Images News | Getty Images Netflix has a message for investors: start focusing on revenue and profit, and stop obsessing about subscriber growth. Netflix made its argument with several pointed comments in its quarterly shareholder letter. The world’s largest streamer said it will stop forecasting paid subscriber adds. The […]
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NFL Black Friday activity coming to Amazon in 2023
Kansas City Chiefs restricted conclude Travis Kelce (87) runs the ball in for a touchdown versus the Tampa Bay Buccaneers in the course of the first quarter at Raymond James Stadium, Oct. 2, 2022. Kim Klement | United states Right now Sporting activities | Reuters Amazon will stream the first ever Black Friday NFL recreation […]
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Semafor debuts in a tough media environment, with an aim toward de-cluttering the news
Ben Smith, left, and Justin Smith Source: Semafor Semafor, a new digital media company with a focus on global news for college educated readers, debuted Tuesday with intentions to bring transparency and clarity to a news business its co-founders believe has become too polarized. Semafor has been preparing for its launch since January, when former […]
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News Corp. stock up, Fox shares down as investors weigh possible merger
A person walks past Fox News Headquarters at the News Corporation building on May 03, 2022 in New York City. Alexi Rosenfeld | Getty Images Shares of News Corp. rose while Fox shares fell Monday as investors weighed the possibility of Rupert Murdoch’s media companies recombining nearly decade after they split. The companies had announced […]
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WWE stock hits 52-week high, defying market trends, in aftermath of McMahon scandal
Vince McMahon attends a press conference to announce that WWE Wrestlemania 29 will be held at MetLife Stadium in 2013 at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey. Michael N. Todaro | Getty Images World Wrestling Entertainment is defying broader market trends this year. The company’s stock is up more than […]
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Kanye West is buying conservative social media platform Parler, company says
Kanye West arrives at the Vanity Fair Oscar Party on Feb. 9, 2020, in Beverly Hills, Calif. Evan Agostini | Invision | AP Controversial social media networking site Parler says it is being acquired by Kanye West. The platform, a favorite among American conservatives, made the announcement in a press release Monday. West, who now goes by […]
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South Korea’s best instant messenger plunges just after outage prompts calls for monopoly probe
KakaoTalk and other products and services of Kakao Corp. faced a key outage immediately after a fireplace broke out at a info center in the outskirts of the country’s cash, Seoul (Image Illustration by Thiago Prudencio/SOPA Photos/LightRocket via Getty Pictures) Sopa Pictures | Lightrocket | Getty Illustrations or photos Shares of South Korea’s top rated […]
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