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CNBC Daily Open: Data and earnings ease recession fears
Traders work on the floor of the New York Stock Exchange. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. […]
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CNBC Daily Open: Live long and prosper
Traders work on the floor of the New York Stock Exchange during morning trading on May 31, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
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NBCUniversal is pinning Peacock’s streaming success on its $2.45 billion per year NBA deal
The NBA logo is seen outside an NBA fan store in New York on July 8, 2024. Angela Weiss | AFP | Getty Images Executives at Comcast‘s NBC Sports targeted the NBA’s media rights renewal on their calendars for years. They wanted the NBA back after losing the games to Disney in 2002. But it […]
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Philippe Laffont’s Coatue entered into Paramount last quarter amid weakness
Philippe Laffont’s Coatue built a position at Paramount Global amid tumultuous times for the storied media company. The technology-focused investor opened a stake of more than 3 million shares in the legacy entertainment giant during the second quarter, according to regulatory fillings. That amounts to a holding worth more than $38 million. Laffont is one of […]
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Reliance, Disney offer concessions to win antitrust nod for India media merger, Reuters reports
Reliance and Walt Disney have offered to sell some channels to win faster antitrust approval for their $8.5 billion India media assets merger, but are resisting changes to cricket broadcast rights they own, two sources familiar with the matter said. Antitrust experts have warned that the Reliance-Disney merger, announced in February, could face intense scrutiny […]
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DirecTV is pushing its pay TV bundle — without a satellite dish
The “For the Birds” ad campaign for DirecTV emphasizes customers don’t need a satellite dish anymore for service. The pigeons are voiced by former NFL star Deion Sanders, and actors Steve Buscemi and Henry Winkler. Courtesy: DirecTV Coach Prime wants consumers to know they can watch DirecTV without a satellite dish. The company best known for […]
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Buy the dip in tech stocks including Nvidia amid market uncertainty, Bank of America says
There’s still plenty of top technology stocks to buy even as the market unease continues, according to Bank of America. The Wall Street bank named several companies that analysts believe sell at an attractive entry point. CNBC Pro combed through Bank of America research to find top buy-rated tech stocks. Those we found included Amazon, […]
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News Corp considers selling Australia pay TV and streaming unit
Foxtel headquarters are seen at North Ryde on June 20, 2012 in Sydney. Cameron Spencer | Getty Images News | Getty Images Rupert Murdoch’s News Corp said it may sell Australian cable TV and streaming unit Foxtel after receiving an approach, a deal that would end its involvement in a high-overhead asset that has struggled […]
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In a reversal, Disney’s media assets are starting to generate more excitement than its parks
A scene from Disney and Pixar’s film “Inside Out 2.” Courtesy: 2024 Disney | Pixar Here’s a surprise: Disney‘s media business isn’t weighing down the company anymore. The primary Disney investor narrative since 2022 has been how streaming losses, combined with a declining traditional pay TV business and a string of box office failures, have […]
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Venu, a $42.99 per month sports streamer, has a tough marketing challenge to find an audience
Actor Jon Hamm playing Don Draper in Mad Men. Michael Yarish | AMC | AP Call Don Draper, Venu Sports may have a marketing problem The Disney, Fox and Warner Bros. Discovery jointly-owned streaming service said Thursday it will launch this fall at $42.99 per month. That’s much more expensive than Netflix, Max, Peacock or […]
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