Media
Warner Bros. Discovery posts 13% revenue jump, 2 million new streaming subscribers in Q1
David Zaslav Anjali Sundaram | CNBC Warner Bros. Discovery reported a 13% revenue jump and consistent streaming subscriber growth for its fiscal first quarter Tuesday. The results don’t include first-quarter performance from WarnerMedia, which Discovery bought this month. The company reported revenue of $3.16 billion and net income of $456 million. Shares rose as much as […]
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Jack Dorsey says Elon Musk is the ‘singular solution I trust’ to run Twitter
Jack Dorsey, CEO of Twitter and co-founder & CEO of Square, speaks during the crypto-currency conference Bitcoin 2021 Convention at the Mana Convention Center in Miami, Florida, on June 4, 2021. Marco Bello | AFP | Getty Images Twitter co-founder Jack Dorsey approves of Elon Musk’s deal to buy the social media site for $44 […]
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Citi downgrades Formula One to neutral, says record performance is already priced in
Record financial performance is already priced in to Formula One’s stock, according to Citi. Source
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What doomed CNN+? How rival strategies and executive intrigue fueled the streaming service’s rapid demise
Executive producer Chris Licht of the television show Our Cartoon President speaks onstage during the CBS/Showtime portion of the 2018 Winter Television Critics Association Press Tour at The Langham Huntington, Pasadena on January 6, 2018 in Pasadena, California. Frederick M. Brown | Getty Images Chris Licht wasn’t supposed to start his new job as CNN’s […]
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How the Golden State Warriors plan to become more than a basketball team
Stephen Curry #30 of the Golden State Warriors drives to the basket during the game against the Washington Wizards on March 14, 2022 at Chase Center in San Francisco, California. Noah Graham | National Basketball Association | Getty Images The Golden State Warriors are getting back to business. After two years of pandemic challenges, the […]
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CNN+ is shutting down, effective April 30, sources say
A Jeep Wrangler Rubicon sits on an outdoor track during the press preview of the International Auto Show at the Jacob Javits Convention Center in New York City on April 13, 2022. Timothy A. Clary | AFP | Getty Images Warner Bros. Discovery is shutting down CNN+, according to two people familiar with the matter. […]
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Legacy media has disrupted Netflix. The consequence may be mutually assured destruction
Reed Hastings, co-CEO of Netflix, participates in the Milken Institute Global Conference on October 18, 2021 in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images We must be living in the Upside Down. Legacy media has disrupted Netflix. Netflix announced Tuesday it’s exploring adding a lower-priced, advertising-based tier to its service. The […]
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Netflix hit with 10 downgrades as Wall Street analysts bail after ‘shocking’ subscriber loss
Shares of Netflix sank more than 20% in extended trading after a big miss on subscribers in the first quarter. Source
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What is ‘Web3’? Here’s the vision for the future of the internet from the man who coined the phrase
Computer scientist Gavin Wood coined the term “Web 3.0” in 2014, laying out his vision for the future of the internet. The phrase, also shortened to “Web3,” has become an internet buzzword recently with high-profile technologists, including Twitter founder Jack Dorsey and Tesla CEO Elon Musk, debating the meaning of the term. Wood, who is […]
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Streaming stocks slide after Netflix says it is losing subscribers
Reed Hastings, Co-CEO, Netflix speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, U.S. October 18, 2021. David Swanson | Reuters The stock prices of streaming video companies fell in extended trading on Tuesday after Netflix released earnings that showed the sector leader lost subscribers for the first time in more than […]
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