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Paramount Global shares jump after Warren Buffett’s Berkshire Hathaway increases stake
In this photo illustration, the Paramount Global logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Paramount Global‘s stock got a boost Tuesday after Warren Buffett’s Berkshire Hathaway upped its stake, a fresh signal that the media and entertainment company could be an acquisition target. Berkshire disclosed […]
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Advert market even worse than for the duration of lows of the pandemic, claims Warner Bros Discovery CEO David Zaslav
David Zaslav Anjali Sundaram | CNBC The advertising and marketing market is at the moment weaker than at any point during the coronavirus pandemic slowdown of 2020, Warner Bros. Discovery Chief Executive David Zaslav mentioned at an expenditure conference Tuesday. If the advertisement sector isn’t going to improve next yr, “it is going to be […]
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Disney plans targeted hiring freeze and job cuts, according to memo
Disney plans to institute a targeted hiring freeze as well as some job cuts, according to an internal memo sent to executives. “We are limiting headcount additions through a targeted hiring freeze,” CEO Bob Chapek said in a memo to division leads sent Friday and obtained by CNBC. “Hiring for the small subset of the […]
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Disney misses on profit and key revenue segments, but sees strong streaming growth
Bob Chapek, Disney CEO at the Boston College Chief Executives Club, November 15, 2021. Charles Krupa | AP Disney fell short of expectations for profit and key revenue segments during the fiscal fourth quarter, but saw strong streaming growth for its Disney+ platform — a rare bright spot in the report out Tuesday. The company’s […]
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Shonda Rhimes is among the creators unhappy with Netflix’s mid-video ads, sources say
Shonda Rhimes attends 2018 Vanity Fair Oscar Party on March 4, 2018 in Beverly Hills, CA. Presley Ann | Patrick McMullan | Getty Images Shonda Rhimes, the high-powered producer behind “Bridgerton” and “Inventing Anna,” is among a number of showrunners, creators and writers who have expressed displeasure with Netflix‘s decision to include mid-video ads in […]
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Stocks making the biggest moves midday: Starbucks, Twilio, Carvana, DoorDash and more
In this article SBUX FNKO PYPL BABA 9626-HK BILI 9618-HK JD Follow your favorite stocksCREATE FREE ACCOUNT A customer holds a drink inside a Starbucks coffee shop in San Francisco, California, on Thursday, July 28, 2022. David Paul Morris | Bloomberg | Getty Images Check out the companies making the biggest moves midday: Starbucks — […]
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Stocks making the biggest moves premarket: DraftKings, Cinemark, Hershey and more
Check out the companies making headlines before the bell: DraftKings (DKNG) – DraftKings fell 12.5% in premarket trading despite reporting a smaller-than-expected quarterly loss and revenue that topped Wall Street forecasts. The sports betting company also raised its revenue guidance and warned a prolonged economic downturn could impact spending by its customers. Cinemark (CNK) – […]
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Stocks producing the major moves immediately after several hours: Block, PayPal, Carvana, Twilio and additional
A Starbucks spot in New York. Scott Mlyn | CNBC Test out the companies making headlines after hrs. Block — The cell payment inventory jumped 12% right after Block documented third-quarter outcomes that defeat on the prime and bottom lines. Block reported earnings of 42 cents for every share on revenue of $4.52 billion. Analysts […]
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Warner Bros Discovery stories underwhelming earnings, suggests new streaming provider coming earlier
Warner Bros. Discovery noted its 3rd-quarter earnings on Thursday, lacking analyst expectations, as it felt the results of a tricky advertising and marketing setting and fees involved with its publish-merger restructuring. CEO David Zaslav also introduced that the merged variation of the firm’s HBO Max and Discovery+ streaming services will be coming in the spring, […]
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Fox earnings lifted by advertising revenue from free streaming service Tubi
Pete Davidson attends TUBI’s “The Freak Brothers” Experience at Fred Segal on December 06, 2021 in Los Angeles, California. Kevin Winter | Getty Images Fox Corp.’s bet on its free, ad-supported streaming service Tubi appears to be paying off for the company. On Tuesday, the company reported earnings for its first fiscal quarter, noting that […]
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