Media
Roku shares crater after company misses on earnings and warns of ‘recessionary fears’
A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company’s IPO at the Nasdaq Market in New York, September 28, 2017. Brendan McDermid | Reuters Roku shares plummeted more than 25% in extended trading on Thursday after the company missed expectations on the top and […]
Read More
Comcast fails to add broadband subscribers for first time ever as economy slows
NBCUniversal kicks off it’s new Peacock streaming service. Todd Williamson | Peacock | NBCUniversal | Getty Images Comcast reported second-quarter revenue and earnings that topped analyst estimates, but the cable provider didn’t add broadband customers in a quarter for the first time ever. Comcast’s high-speed internet customers in the quarter were flat, trailing the 84,000 average […]
Read More
‘Jeopardy!’ locks in hosting deals for Mayim Bialik and Ken Jennings
Mayim Bialik attends Marvel Studios “Doctor Strange in the Multiverse of Madness” Premiere at El Capitan Theatre on May 02, 2022 in Los Angeles, California. Axelle | Bauer-Griffin | FilmMagic | Getty Images Mayim Bialik and Ken Jennings have signed deals to split hosting duties for “Jeopardy!,” according to a statement from executive producer Michael […]
Read More
Vox Media cuts staff, slows down hiring as recession fears grow
Jim Bankoff, chairman and chief executive officer of Vox Media Inc. David Paul Morris | Bloomberg | Getty Images Just a month ago, media executives expressed optimism that their companies were well positioned for an economic slowdown. Vox Media may have injected a dose of reality to the industry Wednesday. The privately held digital media […]
Read More
WWE at crossroads as Vince McMahon’s retirement and scandals heighten sale speculation
World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 Ethan Miller | Getty Images Entertainment | Getty Images World Wrestling Entertainment’s annual report for 2021 lists a risk factor specifically about the […]
Read More
WWE hints at other probes into Vince McMahon’s alleged misconduct as it discloses $14.6 million in payments
LAS VEGAS, NEVADA – JULY 02: Vince McMahon, Stephanie McMahon and Triple H attend the UFC 276 event at T-Mobile Arena on July 02, 2022 in Las Vegas, Nevada. Jeff Bottari | Ufc | Getty Images World Wrestling Entertainment on Monday disclosed $14.6 million in previously unrecorded expenses paid personally by top shareholder Vince McMahon, […]
Read More
National Football League’s new streaming service NFL+ launches at $4.99 per month
Ja’Marr Chase #1 of the Cincinnati Bengals makes a catch over Jalen Ramsey #5 of the Los Angeles Rams during Super Bowl LVI at SoFi Stadium on February 13, 2022 in Inglewood, California. Gregory Shamus | Getty Images The National Football League now has its own streaming service. Premiering Monday, the NFL is launching NFL+ […]
Read More
Vince McMahon retires as WWE chief amid probes into alleged misconduct of pro wrestling boss
Vince McMahon attends a press conference at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey. Michael N. Todaro | Getty Images World Wrestling Entertainment CEO Vince McMahon announced Friday that he was retiring after decades of leading the company founded by his father, a move that comes a month after WWE’s board […]
Read More
MoffetNathanson downgrades Paramount, citing lower ad spend ahead of potential recession
MoffetNathanson on Friday downgraded shares of Paramount Global to underperform and slashed its price target to $18 per share from $30, citing growing risk of lower advertising spend going forward. “Despite the continued momentum at Paramount+, we downgrade PARA as the growing risk of lower advertising puts additional pressure on the company’s ability to grow […]
Read More
Minecraft creator rejects NFTs, citing a lack of inclusivity
Minecraft is the best-selling game of all time, with lifetime sales of more than 238 million units. Igor Golovniov | Sopa Images | Lightrocket | Getty Images Mojang, the developer behind Minecraft, is not a fan of nonfungible tokens. The Microsoft-owned company said Wednesday that it won’t support NFTs in Minecraft because they’re “not inclusive […]
Read More