Media
Disney executive Geoff Morrell, who helped craft response to ‘Don’t Say Gay’ law, leaves company after three months
Disney employee Nicholas Maldonado holds a sign while protesting outside of Walt Disney World on March 22, 2022 in Orlando, Florida. Employees are staging a company-wide walkout today to protest Walt Disney Co.’s response to controversial legislation passed in Florida known as the “Don’t Say Gay” bill. Octavio Jones | Getty Images News | Getty […]
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MLB suspends Dodgers star pitcher Trevor Bauer for 2 seasons over violation of sexual assault policy
Umpires check the hat and glove of Trevor Bauer #27 of the Los Angeles Dodgers for foreign substances after the first inning against the San Francisco Giants at Dodger Stadium on June 28, 2021 in Los Angeles, California. Meg Oliphant | Getty Images MLB suspended Trevor Bauer for two seasons after completing an investigation into […]
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Brooklyn Nets’ playoff flops have created business concerns for the heavily hyped NBA franchise
The Brooklyn Nets’ Kyrie Irving (left) has a pat for teammate Kevin Durant as the Celtics were expanding their lead in the second half of Game Four of their first round NBA playoff series at Barclays Center in Brooklyn, NY on April 25, 2022. Jim Davis | Boston Globe | Getty Images The superstar-laden, super-expensive, […]
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Comcast shares slump as broadband subscriber growth continues to slow
Comcast reported first-quarter earnings Thursday that beat analyst estimates on the top and bottom lines, though broadband growth continues to slow. Comcast added 262,000 high-speed internet customers in the quarter, above the 229,000 average analyst estimate. But about 80,000 of those subscribers were free Internet Essentials customers who are now counted in the total. Comcast […]
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Twitter says mass deactivations after Musk news were ‘organic’
In this photo illustration, the Twitter logo is displayed on the screen of the phone, with Elon Musk’s Twitter account in the background. Twitter was flooded with user reports of high-profile accounts losing thousands of followers in the hours after news broke that Tesla CEO Elon Musk would purchase the social network. Sheldon Cooper/SOPA Images […]
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Same-day theatrical and streaming releases are dead as a business model, movie theater group CEO says
President & CEO of NATO John Fithian speaks onstage during CinemaCon 2021 The State of the Industry and MGM/UAR Presentation at The Colosseum at Caesars Palace during CinemaCon, the official convention of the National Association of Theatre Owners, on August 24, 2021 in Las Vegas, Nevada. David Becker | Getty Images Entertainment | Getty Images […]
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Elon Musk’s Twitter takeover sets him on a collision course with Europe
Thierry Breton, a former CEO of French IT consulting firm Atos, is seen as a key architect of the European Union’s digital reforms. Anadolu Agency | Getty Images After Elon Musk’s $44 billion deal to buy Twitter, EU officials have a message for the eccentric tech billionaire: follow the rules. Over the weekend, the European […]
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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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