Media
PGA Tour sues LIV Golf’s Saudi backers to pressure evidence discovery
Crew Captain Brooks Koepka of Smash GC and caddie Ricky Elliott shake palms on the 18th eco-friendly through day 3 of the LIV Golfing Invitational – Jeddah at Royal Greens Golfing & Region Club on October 16, 2022 in King Abdullah Financial Town, Saudi Arabia. Charles Laberge | LIV Golfing | Getty Visuals The PGA […]
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Movie theaters want more from Netflix, but the streaming giant isn’t ready to budge on its release model
Daniel Craig returns as Benoit Blanc in “Glass Onion: A Knives Out Story.” Netflix Netflix backtracked on advertisements. Should theatrical releases be next? Some theater owners and industry analysts are wondering whether the streaming giant will rethink its resistance to the traditional Hollywood movie release model as it looks for new ways to grow revenue. […]
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Buy shares of Netflix on the market’s next pullback, Jim Cramer says
CNBC’s Jim Cramer on Wednesday advised investors to pick up shares of Netflix on the next market dip. “You put it on the top of your shopping list, you wait for the next pullback in the averages … and then you pull the trigger,” he said. His comments come after Netflix stock closed up 13% […]
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What Netflix’s earnings beat tells us about Club holding Disney
Investors in Club holding Disney (DIS) appear to have been encouraged by streaming competitor Netflix ‘s (NFLX) better-than-expected third-quarter results Wednesday — a sentiment that’s not misguided, but requires some context. Disney shares were outperforming the broader market Wednesday, rising about 0.7%, to roughly $99 per share, while the S & P 500 lost 0.8% […]
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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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