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Philippines levies 12% VAT tax on digital services by Amazon, Netflix and Disney
Chesnot | Getty Images News | Getty Images The Philippines will impose a 12% value-added tax on digital services offered by tech giants such as Amazon, Netflix, Disney, and Alphabet, in a move that will level the playing field with domestic brick and mortar players, the internal revenue agency said on Thursday. President Ferdinand Marcos Jr signed into law on Wednesday the imposition of VAT on non-resident digital service providers […]
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LVMH and Formula One announce 10-year partnership
The Race winner trophy is seen in a Louis Vuitton trunk on the grid prior to the F1 Grand Prix of Monaco at Circuit de Monaco on May 26, 2024 in Monte-Carlo, Monaco. Bryn Lennon | Formula 1 | Getty Images Liberty Media-owned Formula One and luxury giant LVMH are entering into a 10-year partnership, […]
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Tom Brady to put his watch collection up for sale at Sotheby’s
Tom Brady. Mike Ehrmann | Getty Images Sport | Getty Images Legendary quarterback Tom Brady is putting his valuable watch collection up for sale. The seven-time Super Bowl champion’s collection will be available this December through auction house Sotheby’s as part of “The GOAT Collection: Watches and Treasures from Tom Brady.” The watches range in […]
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EchoStar nears deal to sell Dish to DirecTV with $2 billion debt payment looming
Charlie Ergen, chairman and co-founder of Dish Network Corp. Jonathan Alcorn | Bloomberg | Getty Images Charlie Ergen is getting close to selling the pay-TV business he founded more than 40 years ago. EchoStar is in advanced talks to sell satellite TV provider Dish Network to rival DirecTV, the closely held pay TV operator owned […]
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Billionaires poured millions of dollars into presidential super PACs in August
Republican presidential nominee and former U.S. President Donald Trump (L), and Vice President Kamala Harris. Reuters The nation’s wealthy opened their wallets in August with a focus on election season, donating millions to the super PACs backing Vice President Kamala Harris, former President Donald Trump and Democrats and Republicans throughout the country, according to monthly […]
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Streaming deals are key to future of NFL viewership, fandom
The National Football League’s bet on streaming is paying off — and helping to broaden its fanbase in the U.S. and globally. Hans Schroeder, the NFL’s executive vice president of media distribution, said at CNBC x Boardroom’s Game Plan sports business event on Tuesday that the league’s recent slew of exclusive streaming deals with media […]
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Rising NFL valuations mean massive returns for owners. Here’s how good the investment is
Ryan Flournoy, #18 of the Dallas Cowboys, catches a touchdown pass as Matt Hankins, #23 of the Los Angeles Chargers, defends during the first half of a preseason game at AT&T Stadium in Arlington, Texas, on Aug. 24, 2024. Ron Jenkins | Getty Images Sport | Getty Images A National Football League team today is […]
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NFL team sales are likely to stall as valuations soar
Abbie Parr | Getty Images Sport | Getty Images The Seattle Seahawks may be the next National Football League team to sell. Beyond that, it’s anyone’s guess when another franchise will change hands. Former Seahawks owner and Microsoft co-founder Paul Allen died in 2018. Since Allen’s death, the team has been controlled by a trust […]
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NFL’s next big media rights payday is years off — and subject to a shifting industry
A view of a ESPN cameraman during the game between the Jacksonville Jaguars and the Cincinnati Bengals on December 4, 2023 at EverBank Stadium in Jacksonville, Fl. David Rosenblum | Icon Sportswire | Getty Images In 2021, the National Football League signed an 11-year, $111 billion media rights deal. In July, the National Basketball Association […]
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Cord cutters prepare for political ad blitz as campaigns flood Roku, Hulu ahead of election
Vice President Kamala Harris, left, and former President Donald Trump Reuters Consumers who cut their cable cord in recent years are finding that there’s one thing about linear TV they can’t escape: political ads. With the U.S. presidential election less than 70 days away, campaigns are swarming streaming services like Roku and Hulu to such […]
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