Media
Value investor Bill Nygren says he still believes in Netflix
The Oakmark Funds portfolio manager said Netflix still looks like a good bet despite a big subscriber miss in the first quarter. Source
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Netflix estimates 100 million households are sharing passwords and suggests a global crackdown is coming
Reed Hastings, CEO of Netflix, attends a press conference in Mexico City, Mexico. Hector Vivas | Getty Images Today could be a dark day for your ex-boyfriend’s brother. Netflix, the world’s largest streaming video company, warned a global crackdown on password sharing is coming. It seems like a serious warning this time, and it could […]
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Netflix reports earnings after the bell — here’s what to expect
Netflix is expanding its push into mobile gaming. Sopa Images | Lightrocket | Getty Images Netflix is set to release its first-quarter earnings after the bell on Tuesday. The company’s shares have taken a big hit so far in 2022, falling more than 40% as it’s struggled to sustain subscriber growth while pandemic restrictions wane. […]
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NBA’s Golden State Warriors step into movies, music and events with a new entertainment division
SAN FRANCISCO, CA – MARCH 16: Stephen Curry #30 of the Golden State Warriors warms up prior to the game against the Boston Celtics on March 16, 2022 at Chase Center in San Francisco, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, user is consenting to […]
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Ex-NFL star Marshawn Lynch, Macklemore join ownership group of NHL’s Seattle Kraken
Marshawn Lynch and entertainer Macklemore now co-owners of Seattle Kraken Courtesy: Seattle Kraken The NHL’s Seattle Kraken has added former NFL star Marshawn Lynch and rapper Macklemore as minority investors. The terms of the investments were not made public. Sports bankers estimate that minority equity stake deals similar to this are generally for 1% of […]
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Alex Jones’ Infowars files for bankruptcy following Sandy Hook lawsuits
Alex Jones of InfoWars talks to reporters outside a Senate Intelligence Committee hearing concerning foreign influence operations’ use of social media platforms, on Capitol Hill, September 5, 2018 in Washington, DC. Drew Angerer | Getty Images Infowars on Sunday filed for voluntary Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern […]
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NBA star Damian Lillard dishes on the Blazers and his new footwear insole company
Damian Lillard #0 of the Portland Trail Blazers speaks to fans during fan appreciation night before the game against the Utah Jazz at Moda Center on April 10, 2022 in Portland, Oregon. Abbie Parr | Getty Images Portland Trail Blazers star Damian Lillard said he wants to stay with the franchise that drafted him in […]
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Amazon has a new name for its free streaming TV service
Smith Collection/Gado | Archive Photos | Getty Images Amazon jumped into the ad-supported video streaming market three years ago with IMDb TV. Later this month, that product will have a new name. On April 27, IMDb TV will become Amazon Freevee, a name the company said better reflects the free nature of the service. The […]
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CNN+ struggles to lure viewers in its early days, drawing fewer than 10,000 daily users
People walk by the world headquarters for the Cable News Network (CNN) on March 15, 2022 in Atlanta, Georgia. Anna Moneymaker | Getty Images Fewer than 10,000 people are using CNN+ on a daily basis two weeks into its existence, according to people familiar with the matter. The people spoke with CNBC on the condition […]
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Warner Bros Discovery’s David Zaslav has charmed the Hollywood elite — now he’ll have to show he can manage them, too
Discovery Communications CEO David Zaslav CNBC Hollywood is about to get a jolt of emotional intelligence. David Zaslav, longtime chief executive officer of Discovery, is now officially CEO of Warner Bros. Discovery — the culmination of a merger announced last May. The newly combined company began trading on the Nasdaq on Monday using its new […]
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