Media
We’re optimistic about this struggling entertainment stock despite an expected weak quarter
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Back-to-back losses Still believe in Disney Eli Lilly keeps going 1. Back-to-back losses U.S. stocks on Wednesday were sinking for the second straight session ahead of this week’s key inflation […]
Read More
Penn Enjoyment sells Barstool Athletics back to founder Dave Portnoy
David Portnoy, founder of Barstool Athletics, is interviewed at the Trackside Live Phase in the LVMS Neon Garage just before the South Issue 400 Monster Power NASCAR Cup Sequence playoff race on September 15, 2019, at Las Vegas Motor Speedway in Las Vegas, NV. Chris WIlliams | Icon Sportswire | Getty Images David Portnoy, the […]
Read More
ESPN launches sportsbook in partnership with Penn Leisure
SportsCenter at ESPN Headquarters. The Washington Put up | The Washington Put up | Getty Pictures Disney‘s ESPN is launching a betting sportsbook, placing the athletics entertainment unit further into the wagering environment. U.S. gambling firm Penn Enjoyment claimed it is partnering with ESPN to rebrand and relaunch its sportsbook as ESPN Wager. It really […]
Read More
Billionaire Charlie Ergen merging Dish and EchoStar to expand mobile and satellite telecom empire
Charles Ergen, chairman and co-founder of Dish Network Corp Jonathan Alcorn | Bloomberg | Getty Images Billionaire Charlie Ergen is consolidating his telecom empire, merging his satellite and broadband services companies Dish Network and EchoStar in an all-stock deal. “This is a strategically and financially compelling combination that is all about growth and building a […]
Read More
Disney reportedly results in undertaking pressure to take a look at A.I. and minimize expenses
Users of the Writers Guild of America and the Display screen Actors Guild stroll the picket line outside the house of Disney Studios in Burbank, California, on July 18, 2023. Robyn Beck | AFP | Getty Illustrations or photos Walt Disney has made a job drive to study artificial intelligence and how it can be […]
Read More
Paramount to market Simon & Schuster to KKR for $1.62 billion
The publishing offices of Simon and Schuster in New York. Amy T. Zielinski | Newscast | Common Images Team | Getty Images Paramount Worldwide agreed to provide reserve publisher Simon & Schuster to private equity large KKR for $1.62 billion, the media firm claimed Monday as it noted earnings. KKR’s entry into the reserve publishing […]
Read More
Warner Bros. Discovery’s Max targets MLB playoffs for new streaming sports tier
Julio Rodríguez of the Seattle Mariners was the American League Rookie of the Year in 2022. Diamond Images | Diamond Images | Getty Images Warner Bros. Discovery has targeted the beginning of the Major League Baseball playoffs to debut a sports tier for its Max streaming service, according to people familiar with the matter. The […]
Read More
Florida State University taps JPMorgan to help find potential investors
The Westcott Building on the campus of Florida State University, Tallahassee, Florida. Education Images | Universal Images Group | Getty Images Florida State University has been working with JPMorgan as it explores options to bring in funding from institutional investors, according to a person familiar with the matter. The discussions have been ongoing in recent […]
Read More
Warner Bros. Discovery loses subscribers after Max start, but shares rise on personal debt paydown
Kevin Mazur | Getty Illustrations or photos Leisure | Getty Photos Warner Bros. Discovery noted 2nd-quarter results Thursday that fell beneath Wall Avenue expectations across the board and revealed subscriber totals that had been down from the prior quarter. Worldwide immediate-to-client streaming subscribers at the close of the time period were being 95.8 million, beneath […]
Read More
Disney CEO Bob Iger wants minority partners for ESPN, but landing a deal won’t be easy
Disney CEO Bob Iger speaking with CNBC’s David Faber at the Allen&Co. Annual Conference in Sun Valley, Idaho. David A. Grogan | CNBC Disney CEO Bob Iger has taken the unusual step of paying former executives Kevin Mayer and Tom Staggs a consulting fee to help him solve a complex problem: what to do with […]
Read More