Media
Amazon’s ‘Thursday Night time Football’ begins a new era of streaming for the NFL
Patrick Mahomes #15 of the Kansas City Chiefs Jamie Squire | Getty Images Sport | Getty Visuals To the pleasure and frustration of soccer enthusiasts throughout the United States, the period of Nationwide Soccer League video games showing exclusively on a streaming provider is on us. Amazon Prime Video clip is the property for “Thursday […]
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Cisco shares on track for best day in almost two years after earnings beat
Chuck Robbins, Cisco CEO & Chairman, at the WEF in Davos, Switzerland on May 25th, 2022. Adam Galica | CNBC Cisco shares jumped about 6% on Thursday and headed for their best day in almost two years after the computer networking company reported better-than-expected quarterly results and offered rosy guidance for the coming year. Revenue declined […]
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Embracer Group buys rights to ‘Lord of the Rings’ films and other Tolkien intellectual property
Still from “Lord of the Rings: The Fellowship of the Ring.” New Line Cinema Swedish company Embracer Group said Thursday that it agreed to acquire Middle-earth Enterprises, which owns worldwide rights to “The Lord of the Rings” and “The Hobbit” film trilogies as well as other properties related to the books by J.R.R. Tolkien. Embracer […]
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As gaming sales slump, China’s Tencent signals a hot ad trend it’s betting on
Tencent runs the ubiquitous Chinese messaging app WeChat. The company has a short form video feature with in the app and has began to monetize that through video ads in the feed. Tencent said such ads could become a “substantial” source of revenue in the future. Budrul Chukrut | Sopa Images | Lightrocket | Getty […]
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WWE discovered Vince McMahon paid $5 million to Donald Trump’s foundation, report says
Vince McMahon (L) and Donald Trump attend a press conference about the WWE at the Austin Straubel International Airport on June 22, 2009 in Green Bay, Wisconsin. Mark A. Wallenfang | Getty Images Entertainment | Getty Images Former World Wrestling Entertainment boss Vince McMahon paid $5 million of around $20 million previously unrecorded expenses to […]
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Tencent posts first ever revenue decline as tough gaming regulation, Covid lockdowns bite
Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming. Bobby Yip | Reuters Tencent posted its first ever quarterly year-on-year revenue decline as stricter regulations around gaming in China and a resurgence of Covid-19 in the world’s second-largest economy hit the […]
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Trump-linked SPAC Digital World Acquisition postpones earnings report after seeking to delay merger
The social media app will be developed by Trump Media and Technology Group (TMTG). Rafael Henrique | LightRocket | Getty Images Digital World Acquisition Group, the special purpose acquisition company that plans to merge with Trump Media and Technology Group and take it public, is asking for an extension to file its earnings report, according […]
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CNBC Chairman Mark Hoffman to step down in September
Mark Hoffman, Chairman of CNBC Mark Hoffman, CNBC’s president since 2005 and chairman since 2015, announced Tuesday he will step down on Sept. 12. Hoffman is leaving of his own accord. NBCUniversal hired Cesar Conde to oversee NBC News, MSNBC and CNBC in May 2020 to bring more centralized leadership to the group. KC Sullivan will return […]
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China’s $370 billion tech giant Tencent could post its first revenue decline on record
People walk past a Tencent sign at the company headquarters in Shenzhen, Guangdong province, China August 7, 2020. David Kirton | Reuters Tencent could post its first year-on-year revenue decline on record when it reports second-quarter earnings on Wednesday, according to analysts, as a Covid-induced slowdown in the Chinese economy and continued challenges in the […]
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Salman Rushdie’s ‘The Satanic Verses’ leaps to top of Amazon bestseller lists
British author Salman Rushdie poses behind some copies of his book “Joseph Anton” on October 1, 2012 in Berlin. Author Salman Rushdie’s “The Satanic Verses” topped several Amazon’s bestsellers lists on Tuesday, days after he sustained serious injuries in a stabbing at a lecture in New York. Johannes Eisele | Afp | Getty Images Author […]
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