Media
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, […]
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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+ […]
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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 […]
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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 […]
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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 […]
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For Netflix stock, it’s no longer subscribers or content. It’s all about the cash
A sign is posted in front of Netflix headquarters on April 20, 2022 in Los Gatos, California. Justin Sullivan | Getty Images A day after Netflix reported that its second-quarter slide in subscribers was much smaller than investors had feared, a different takeaway may sink in from the earnings report at the world’s largest streaming […]
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Netflix’s earnings results mark pivot point for streaming giant, for better or worse
Co-founder and CEO of Netflix Reed Hastings attends a red carpet for the Netflix launch at Palazzo Del Ghiaccio on October 22, 2015 in Milan, Italy. Jacopo Raule | Getty Images Netflix’s second-quarter earnings results can be interpreted in two very different ways. The company’s future depends on which reading turns out to be correct. […]
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FaZe Clan goes public in $725 million SPAC, a market bet on Gen Z and the creator economy
Digital entertainment and esports brand FaZe Clan is being listed on the Nasdaq Wednesday after completing a SPAC merger in a deal valued at $725 million, a big step for creator economy companies to be publicly traded. FaZe Clan is an online media company made up of 93 members, consisting primarily of esports competitors and […]
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Netflix earnings deemed good enough by investors as shares jump after hours
(L-R) Reed Hastings and Ted Sarandos attend the “Marseille” Netflix TV Serie World Premiere At Palais Du Pharo In Marseille, on May 4, 2016 in Marseille, France. Stephane Cardinale | Corbis | Getty Images Good enough. Netflix didn’t blow the roof off its second-quarter earnings. It announced it lost about 1 million global subscribers in […]
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Netflix only loses 970,000 subscribers in second quarter after warning of loss of 2 million
Fans gather at the Netflix booth at a trade show. Mike Blake | Reuters Netflix shares jumped 8% after the company said it lost fewer subscribers than anticipated during the second quarter. The company also said it aimed to unveil its lower-cost, ad-supported tier in early 2023. This comes on the heels of Netflix tapping […]
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