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Dow futures are minimal altered after index posts sixth straight positive working day: Live updates
Futures joined to the Dow Jones Industrial Normal hovered close to the flatline Wednesday night following the 30-stock index posted its sixth consecutive profitable working day. Dow futures included 15 details, or .04%. S&P 500 futures hovered close to the flatline, while Nasdaq 100 futures fell almost .06%. In prolonged buying and selling, Airbnb pulled […]
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The streaming future Disney promised is finally here as cable TV decays
The Walt Disney Company CEO Bob Iger attends the Nominees Luncheon for the 95th Oscars in Beverly Hills, California, U.S. February 13, 2023. Mario Anzuoni | Reuters For Disney, the future is now. It’s been five years in the making, but Disney nearly turned a profit in its streaming units for the first time in […]
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NBC Sports could buy back rights to iconic theme song ‘Roundball Rock’ if it airs NBA games again, composer John Tesh says
Michael Jordan #23 and Scottie Pippen #33 Nathaniel S. Butler In the pantheon of theme songs for TV sports, “Roundball Rock,” John Tesh’s anthem that accompanied National Basketball Association games on NBC until 2002, is arguably the greatest. If NBCUniversal wins the rights to air the NBA again, it would have a chance to bring […]
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Pittsburgh Pirates, Penguins launch streaming service for local games
Pittsburgh Pirates pitcher Paul Skenes. Diamond Images | Diamond Images | Getty Images The regional sports network that airs Pittsburgh’s MLB and NHL teams is launching a direct-to-consumer streaming service, the latest to take the step as more fans cut the cord. SportsNet Pittsburgh on Monday unveiled SNP 360, which will cost fans in its […]
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Netflix forces Wall Street to concentrate on gain and profits with final decision to halt reporting subscriber numbers in 2025
The most effective way to get investors to cease concentrating on one thing is to stop telling them at all. Netflix mentioned Thursday it will no more time report quarterly membership numbers and ordinary income for each membership setting up in the very first quarter of 2025. This is a sizeable alter for the enterprise […]
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NBA’s exclusive TV rights negotiating window with ESPN, Warner expected to pass without a deal
Los Angeles Lakers forward LeBron James, #23, during the NBA game between the Los Angeles Clippers and the Los Angeles Lakers at Crypto.com Arena in Los Angeles on Jan. 7, 2024. Jevone Moore | Icon Sportswire | Getty Images The National Basketball Association’s exclusive media rights negotiating window with current partners Disney and Warner Bros. […]
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Skydance's unique offer for Paramount Global would give it a large stake while keeping the company public
Shari Redstone, president of National Amusements, speaks at the WSJ Tech Live conference in Laguna Beach, California, on Oct. 21, 2019. Mike Blake | Reuters Skydance Media’s offer to acquire National Amusements and merge its studio with Paramount Pictures isn’t a conventional takeover. The question for Paramount Global shareholders might be: Is it better than […]
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Paramount stock slumps on reports that Skydance merger would require company to raise new equity
Paramount Global‘s stock slumped 8% on Thursday after CNBC’s David Faber reported the company would need to raise as much as $3 billion in new equity if it were to merge with David Ellison’s Skydance Media, according to sources familiar with the deal. This deal comes as media mogul Shari Redstone, the controlling shareholder of […]
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Why streamers are shrinking their content libraries
Every day the streaming landscape is looking more and more like the beast it sought to slay — cable. Looming talks of platform bundles come as major streamers push ad-supported plans, limit password sharing and lean into live sports coverage. The goal of exponential subscriber growth, fueled by pandemic lockdowns, has shifted. Wall Street wants […]
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Two Warner Bros. Discovery directors resign after antitrust probe
The exterior of the Warner Bros. Discovery Atlanta campus is pictured after the Writers Guild of America began its strike against the Alliance of Motion Pictures and Television Producers, in Atlanta, Georgia, on May 2, 2023. Alyssa Pointer | Reuters Two Warner Bros. Discovery directors, Steven Miron and Steven Newhouse, are resigning following a U.S. […]
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