Media
Disney plans targeted hiring freeze and job cuts, according to memo
Disney plans to institute a targeted hiring freeze as well as some job cuts, according to an internal memo sent to executives. “We are limiting headcount additions through a targeted hiring freeze,” CEO Bob Chapek said in a memo to division leads sent Friday and obtained by CNBC. “Hiring for the small subset of the […]
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Musk’s Twitter takeover sent countless numbers flocking to Mastodon. Here’s what I discovered using the app
Mastodon homepage is noticed shown on a mobile mobile phone monitor held by hand. It has been described that a lot more than 200.000 new buyers flocked the social media application right after the takeover of Twitter by Elon Musk. Davide Bonaldo | Lightrocket | Getty Photographs My to start with imagined about Mastodon’s app […]
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How Spotify stayed No. 1 in streaming audio even with Apple, YouTube and Amazon aiming for it
Onur Dogman | LightRocket | Getty Pictures In this weekly sequence, CNBC requires a glance at corporations that made the inaugural Disruptor 50 list, 10 a long time later on. Spotify, the moment a Swedish startup tasked with tackling audio piracy troubles, is now the most popular audio streaming subscription service in the planet. Initial […]
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D.C. attorney general sues Washington Commanders and NFL over alleged secret deal to deceive fans
Team co-owners Dan and Tanya Snyder pose for a photo with current team members and alumni during the announcement of the Washington Football Team’s name change to the Washington Commanders at FedExField on February 02, 2022 in Landover, Maryland. Rob Carr | Getty Images The attorney general of Washington, D.C., on Thursday sued the Commanders […]
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Major League Pickleball merges with PPA’s week-old VIBE League
Jorja Johnson of the Hard Eights celebrates a point with teammate Cierra Gaytan-Leach during the Major League Pickleball finals match against BLQK at Pickle & Chill on October 16, 2022 in Columbus, Ohio. Emilee Chinn | Getty Images Two rival pickleball leagues with big-time backers are joining forces. Major League Pickleball and the Professional Pickleball […]
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Shares of Truth Social merger partner fall after Trump’s candidates underwhelm in midterm elections
This photo illustration shows an image of former President Donald Trump next to a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. Stefani Reynolds | AFP | Getty Images Shares of the blank check company set to take Trump Media and its Truth Social platform public fell […]
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We’re fed up after Disney’s terrible quarter and streaming losses. It’s time for some big changes
Disney (DIS) reported weaker-than-expected fiscal fourth-quarter results after the closing bell Tuesday. We are shocked and stunned by the poor performance, and we’re certainly not alone. The stock fell roughly 7% in after-hours trading. As shareholders for the Club, we think it’s time for a leadership change. Revenue for the quarter increased 9% year over […]
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Disney wants you to focus on revenue and profit instead of streaming subscribers — just not this quarter
The Disney+ Marvel website home screen on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Gabby Jones | Bloomberg | Getty Images The biggest companies in media and entertainment are telling investors to focus on revenue and profit instead of streaming subscriber growth — that message backfired […]
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Disney misses on profit and key revenue segments, but sees strong streaming growth
Bob Chapek, Disney CEO at the Boston College Chief Executives Club, November 15, 2021. Charles Krupa | AP Disney fell short of expectations for profit and key revenue segments during the fiscal fourth quarter, but saw strong streaming growth for its Disney+ platform — a rare bright spot in the report out Tuesday. The company’s […]
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Decide denies disgraced former Theranos CEO Elizabeth Holmes’ movement for new trial
Theranos founder and former CEO Elizabeth Holmes pauses even though likely through a stability checkpoint as she arrives for demo at the Robert F. Peckham Federal Creating on December 07, 2021 in San Jose, California. Justin Sullivan | Getty Illustrations or photos A federal decide denied Theranos founder Elizabeth Holmes’ movement for a new demo Monday, […]
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