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☆ Disney quarterly results are on deck. Here's what to expect
▼ + stars: | 2024-05-07 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023. This will also be Disney's first earnings call since it won a proxy fight against Nelson Peltz's Trian Partners. Here is what Wall Street expects Disney to report Tuesday morning, according to LSEG:Earnings per share: $1.10 expectedRevenue: $22.11 billion expectedThe subscriber growth at its flagship streaming service, Disney+, will once again be a top focus. Last quarter Disney's direct-to-consumer unit — which also includes Hulu and ESPN+ — saw its losses narrow to $216 million from $1.05 billion in the same period a year earlier. Visitor traffic to Disney's theme parks in the U.S. will also be in focus.

Persons: Walt Disney, Mickey Mouse, Bob Iger, Nelson Peltz's Trian, Jessica Reif Ehrlich, Reif Ehrlich Organizations: Magic, Walt Disney World, Disney, BofA Securities, Hulu, ESPN, Deutsche Bank, Comcast, Universal, CNBC Locations: Lake Buena Vista , Florida, Hulu, U.S, Orlando, Universal Orlando, NBCUniversal

☆ Inside NBC's ingenious scheme to snatch NBA rights from Warner Bros. Discovery's TNT
▼ + stars: | 2024-04-30 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Discovery's TNT is dangerously close to being left out of the NBA's next TV deal after rival NBC made a massive offer, according to a recent report from The Wall Street Journal. A source familiar with the negotiations told Business Insider that a deal hasn't been finalized and offers are always changing. Still, it's not clear that paying an average of $2.5 billion a year for NBA rights will be profitable. AdvertisementJoe Bonner, a media analyst at Argus Research, has been under the assumption that WBD can and will retain NBA rights even though its cable-TV revenue is steadily shrinking.

Persons: —, hasn't, NBA hasn't, Craig Moffett, Peacock, Moffett, it's, Joe Bonner, Bonner Organizations: Service, Warner Bros, TNT, NBC, Wall Street Journal, Business, NBA, ESPN, Amazon, Puck, Comcast, Argus Research

☆ NBC Sports could buy back rights to iconic theme song 'Roundball Rock' if it airs NBA games again, composer John Tesh says
▼ + stars: | 2024-04-30 | by ( Alex Sherman | ) www.cnbc.com time to read: +1 min

Warner Bros. Warner Bros. He's said he's not interested in being in the "rental business," as is the nature of licensing sports rights, though he has also expressed optimism about retaining NBA rights. Spokespeople for Warner Bros. Discovery, NBC and the NBA declined to comment.

Persons: John Tesh's, NBCUniversal, Comcast's NBCUniversal, David Zaslav, He's, he's Organizations: National Basketball Association, NBC, NBA, CNBC, Street Journal, Disney, Warner Bros, Warner Bros . Discovery, Comcast, Discovery

☆ Peacock streaming subscription prices to increase by $2 ahead of the Summer Olympics
▼ + stars: | 2024-04-29 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Subscription prices for Peacock, Comcast 's answer to the streaming wars, will increase by $2 this summer. The Summer Olympics begin in late July. Effective last August, ad-supported Peacock's price rose $1 to $5.99, and ad-free went up $2 to $11.99 per month. The streaming service launched in 2020 in time for the Summer Olympics in Tokyo — which was pushed to 2021 due to the pandemic. This was due in part to increased advertising revenue, which has lagged for traditional TV networks recently.

Persons: Peacock, Comcast's, Oppenheimer Organizations: Peacock, Comcast, Media, NFL, Premier League, Summer, Universal Pictures, NBC, CNBC Locations: Paris, Tokyo, NBCUniversal

☆ Comcast beats earnings estimates even as it sheds more broadband subscribers
▼ + stars: | 2024-04-25 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Comcast beat first-quarter earnings expectations on Thursday, as broadband drove revenue even as the company and its peers have seen customer growth slow. Revenue from the domestic broadband customers segment boosted that growth as rates increased, even as Comcast lost 65,000 customers during the quarter. The three businesses now report under the same segment, which collectively saw revenue rise 1.1% to $10.37 billion. The service added 3 million paid subscribers during the quarter, bringing its total number of customers to 34 million. While domestic advertising was flat during the quarter, the company saw its domestic distribution revenue increase, driven by the growth at Peacock.

Persons: NBCUniversal, Peacock, Oppenheimer Organizations: Comcast, LSEG, Revenue, Universal Pictures, CNBC Locations: Peacock, NBCUniversal

☆ Netflix gained 9.3 million subscribers this year as it adjusts streaming strategy
▼ + stars: | 2024-04-18 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

CNN —Netflix, the dominant player in streaming, says it grew sales, profits and added more than 9 million subscribers as it revealed first-quarter results on Thursday. In total, Netflix now has 269.6 million subscribers, a record high. In recent months, Netflix has made moves to expand and even radically reinvent its business in an effort to juice profit. In January, Netflix announced it had acquired the exclusive rights to "WWE Raw" live, currently seen on Comcast's USA cable network. In January, Netflix’s president of advertising, Amy Reinhard, shared that Netflix’s ad-tier had more than 23 million users.

Persons: ”, eMarketer, Ross Benes, Wall, Peacock, ” Alicia Reese, “, Greg Peters, ” Reese, Reese, Robert Falconer, Amy Reinhard, Peters, We’ve Organizations: CNN, Netflix, Disney, Max, Warner Bros, City, Wedbush Securities, WWE, USA, Rockstar Locations: Hulu, United States

☆ Netflix is the dominant streaming service. So why is it changing its model?
▼ + stars: | 2024-04-18 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

CNN —Netflix, the dominant player in streaming, is expected to announce its first-quarter results on Thursday after enjoying months as a Wall Street darling. But much of the company’s past growth and success, analysts say, has come from its old, well-established business model. In recent months, Netflix has made moves to expand and even radically reinvent that business. Last year, Netflix made a particularly risky bet by pushing users who share passwords to create their own accounts — but that paid off. Netflix’s reinventionFor Netflix, last month’s Oscars were a disappointment: Though the streaming service led its rivals in nominations, it took home just one award, for best live-action short film.

Persons: Peacock, ”, Ross Benes, ” Alicia Reese, “, Greg Peters, ” Reese, Reese, Robert Falconer, Amy Reinhard, “ I’m, Peters, We’ve Organizations: CNN, Netflix, Disney, Max, Warner Bros, City, Wedbush Securities, WWE, USA, Rockstar Locations: Hulu, eMarketer, United States

☆ Comcast launches prepaid and month-to-month internet and phone plans
▼ + stars: | 2024-04-17 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +2 min

Comcast announced Wednesday that it is launching a prepaid and month-to-month low-cost internet and phone plan program called NOW. The new plan is designed to be simple for customers to opt into or cancel at any time using Xfinity and unlimited 5G. NOW TV, which offers Xfinity internet customers on-demand and live streaming from more than 40 networks for $20 per month. The NOW program supplements Comcast's long-standing low-income internet option, called Internet Essentials, which packages 50 Mbps for $9.95 per month. Comcast has been experiencing a lack of broadband growth over the past year, reporting net broadband losses in multiple quarters.

Persons: Dave Watson, we've, Watson Organizations: Comcast, NOW Mobile, CNBC

Yet the idea of building rosters of paid political contributors took off with cable news. MSNBC, CNN and Fox News Channel are, in large part, political talk channels and seek experts to help fill the time. Being on call to opine can be lucrative work; several reports had NBC agreeing to pay McDaniel $300,000 a year. Even NBC News, whose MSNBC cable outlet appeals to liberals, has more than a dozen Republican contributors. John Kasich and Bulwark founder Charlie Sykes — either predate Trump in their active political work or oppose him, or both.

Persons: —, Ronna McDaniel, Donald Trump, McDaniel, Chuck Todd, Rachel Maddow, Cesar Conde, ”, Mark Whitaker, Shana Alexander, James Kilpatrick's, George Stephanopoulos, Tim Russert, Michael Steele, John Kasich, Charlie Sykes —, MAGA, Reince Priebus, Mick Mulvaney, Mulvaney, Priebus, Tom Bossert, Alyssa Farah Griffin, Trump, David Urban, Mark Esper, Griffin, Mike Pompeo, Alex Conant, Mark Lukasiewicz, ” Lukasiewicz, “, Jay Rosen, NBC's Conde, McDaniel didn't, Joe ”, Mika Brzezinski, That's, ” Conant, Brian Roberts, Conde, Rebecca Blumenstein, Rashida Jones, Carrie Budoff Brown, Jones, Margaret Sullivan, ___ David Bauder Organizations: NBC News, Republican National Committee, GOP, Republican, NBC Universal, MSNBC, CNN, Fox News, NBC, RNC, Ohio Gov, Trump, CBS, ABC News, Trump Homeland Security, Networks, Hofstra, “ Journalists, New York University, ” Networks, Republicans, Comcast, Washington Post, Center for Journalism, Columbia University, Guardian, Associated Press Locations: Washington, MSDNC

☆ You're going to need a Peacock subscription to watch another NFL game this fall
▼ + stars: | 2024-03-26 | by ( Peter Kafka | ) www.businessinsider.com time to read: +2 min

Comcast's Peacock, which streamed an NFL playoff game in January, has another game scheduled for this fall. AdvertisementRemember when Peacock hosted an NFL playoff game in January, which meant that everyone who wanted to watch Travis Kelce play football — and/or watch Taylor Swift watch him play football — had to subscribe to Comcast's streaming service? Well, get ready for round 2: Peacock will have another exclusive NFL game in September, featuring the Philadelphia Eagles and a team to be named later. This one won't be a playoff game, so it won't have anything like the national interest — and the complaints from angry NFL fans — the last Peacock game generated. And subscription tracking service Antenna estimated that nearly 3 million people signed up for Peacock to watch the game.

Persons: Comcast's Peacock, Peacock, —, Travis Kelce, Taylor Swift Organizations: NFL, Service, Philadelphia Eagles Locations: Sao Paulo, Brazil

☆ Disney streaming salary data shows Disney+ and Hulu staffers can earn as much as $385,000 in pay. See the full list.
▼ + stars: | 2024-03-18 | by ( Ashley Rodriguez | Lucia Moses | ) www.businessinsider.com time to read: +13 min

In the paid streaming wars, where only a few players will be favored, Disney has established itself as a formidable No. Disney has been pushing a lower-priced ad tier and cracking down on password sharing to drive subscriber growth at Disney+. To see what Disney and Hulu pay for certain jobs, Business Insider analyzed recent work-visa disclosures. Most of the roles were tech jobs, including data scientist and software engineer roles. Disney Streaming — $120,000 to $385,057 a yearDisney streaming roles, not including Hulu, Disney has offered between $120,000 and $385,057 a year to some candidates on US work visas.

Persons: Bob Iger, It's, Hulu, Elaine Low, Colin Salao Organizations: Disney, Netflix, ESPN, Star, Business, Netflix's, Hulu, Disney's, Fox Corp, Warner Bros, US, of Foreign Labor, Labor, Consumer, Software Engineering, Data Engineering, Business Intelligence, Software, Account, Growth, Hulu —, Management, Security, Network, Disney Entertainment, Disney Financial Services, Human Resources Services, Workforce Technology, Engineering, Disney Parks Technology, Technology, Digital, Retail Commerce, Disney Worldwide, Walt Disney Attractions Technology, Walt Disney Parks and Resorts, Walt Disney Pictures, & $ Locations: Hulu, Disney

☆ Sen. Katie Britt denies misleading and widely criticized sex trafficking anecdote in Biden's State of the Union rebuttal
▼ + stars: | 2024-03-10 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Since delivering the GOP rebuttal to Biden's State of the Union address on Thursday, Britt has faced severe criticism. Britt argued that in her rebuttal she made clear that the woman had experienced sex trafficking years earlier during her childhood, not under the Biden administration. In her rebuttal, Britt references "a woman" who "had been sex trafficked by the cartels starting at the age of 12." During the speech, she did not clarify that the crime happened decades ago and that the woman was no longer being sex trafficked. The victim, Karla Jacinto Romero, experienced sex trafficking from 2004 to 2008 in Mexico.

Persons: Sen, Katie Britt, U.S . Alabama Republican Sen, Joe Biden's, Britt, Jonathan Katz, Biden, Karla Jacinto Romero, Katz, Jacinto, Andrew Bates, Sean Ross, Ross, Jacinto Romero's, Scarlett Johansson Organizations: U.S . Alabama Republican, Sunday, Fox, White House, Border Patrol Union, CNBC, NBC Locations: Biden's State, Mexico, U.S

☆ Paramount's Super Bowl livestream problems are a warning for Netflix and the new mega sports streamer
▼ + stars: | 2024-02-12 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Paramount, which broadcast and streamed the game to what was probably the biggest audience in the game's history. And Paramount, whose Paramount Plus livestream conked out for some users, who took to the internet to complain. AdvertisementWithout more detail from Paramount, it doesn't make sense to speculate about the cause of Paramount's problems. Like Netflix, which struggled to show a live episode of "Love is Blind" less than a year ago.

Persons: —, Taylor Swift, Robert F, Kennedy Jr, ESPN's, it's, Roger Lynch, Lynch, Condé Nast, Comcast's Peacock Organizations: Service, Kansas City Chiefs, Paramount, San Francisco 49ers, Business, HBO, Big Tech, Netflix, NFL

☆ New sports streaming bundle could be a 'monster' — or a dud. Here are the biggest remaining questions
▼ + stars: | 2024-02-07 | by ( Alex Sherman | ) www.cnbc.com time to read: +9 min

The service will launch this fall and cater to sports fans who don't subscribe to the traditional cable bundle. One person associated with the launch of the new venture told CNBC the platform will be "a monster" and massively disrupt cable TV. Cable TV has been relegated to an add-on that helps keep people subscribing to high-speed internet. The cable bundle has largely survived because it still contains exclusive live news and sports. Previously, the only way for cord cutters to get ESPN outside the cable bundle would have been that coming service.

Persons: LeBron James, Jevone Moore, it's, Lachlan Murdoch, NBC's Peacock, Bob Iger, Rich Greenfield, Max, David Zaslav's, There's, David Zaslav, Lightshed's Rich Greenfield Organizations: Los Angeles Lakers, NBA, Los Angeles Clippers, Crypto.com Arena, Warner Bros . Discovery, Fox, Disney's ESPN, Comcast, DirecTV, CNBC, YouTube, Charter, Cable, Verizon, Mobile, Satellite, Google, Hulu, Live, Disney, Warner Bros, NBC, CBS, National Football League, Paramount, ESPN, Fox News, CNN, MSNBC, Wall Street, Financial Times, TNT, TBS, HGTV, Discovery, Paramount Global Locations: Los Angeles

☆ ESPN, Fox, and Warner Bros are launching a new sports streaming service. It could change TV forever.
▼ + stars: | 2024-02-06 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Now combine them on one streaming service. That's what's coming this fall, via a new joint venture, co-owned by Disney, Warner Bros. AdvertisementPeople who are already watching sports on Disney-owned ESPN and the other channels that are joining the joint venture won't lose access to those games, which will stay on the linear channels. Icon Sportswire/Getty ImagesIt's worth noting that all three TV giants have tried a version of a streaming joint venture before. The company that was formerly known as Time Warner, which is now part of Warner Bros.

Persons: —, That's, Disney's, Fox, Time Warner Organizations: Service, ESPN, ABC, Fox, TNT, TBS, Disney, Warner Bros, Fox Corp, Business, NFL, —, CBS, NBC, Discovery, Hulu, Time

☆ The future of the American amusement park in a Disney, Universal dominated world of thrills
▼ + stars: | 2024-01-27 | by ( Kevin Williams | ) www.cnbc.com time to read: +14 min

Eric Thayer | Bloomberg | Getty ImagesThe theme park business, like many others, is consolidating and changing along with consumer habits. Coney's closing ended an era for Cincinnati-based theme park consultant Dennis Speigel. And there's an underlying rationale for the deal related to what's occurred on the national theme park landscape in recent decades. watch nowA more consistent ride at Cedar Fair Comparatively, Cedar Fair has seen its attendance decline from 22.9 million visitors in the first nine months of 2019 to 20.9 million in 2023. "Disney and Universal have theme parks in several global markets and are considered destination resorts," Baker said.

Persons: Eric Thayer, Knotts, Looney, Richard Zimmerman, Selim Bassoui, Universal, Dennis Speigel, Speigel, Don Helbig, Helbig, Zimmerman, Bassoul, David Katz, Jeffries, It's, Katz, Salim, Berry, Stifel, Carissa Baker, Baker, Dallas restauranteur Shannon Wynne's, Wynne, Wynne's, Angus, Louis, Texans haven't, hadn't, Elizabeth Ringas, Ringas, it's Organizations: Bloomberg, Getty, Disney, Comcast's, Cedar Fair, Flags, Looney Tunes, Marvel, Cedar, Department of Justice, Fair, Dominion, Universal, Google, Dell, Six, Revenue, Cedar Fair Entertainment, Six Flags Entertainment Corp, Getty Images Bloomberg, SIX, University of Central, SeaWorld, Paramount Parks, Premier Parks for Six, Seaworld, Dallas, Texans, American, Enthusiasts, Comcast, CNBC Locations: Valencia , California, Florida, Cincinnati, Coney Island, York, Coney's, Coney, Kings, Virginia, New York, North America, Buena Park , California, Americas, University of Central Florida, Texas, Dallas, Greater Atlanta, St

☆ Why Netflix just made a $5 billion pro wrestling deal
▼ + stars: | 2024-01-23 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Now it's in "live sports entertainment" via a $5 billion pro wrestling deal with TKO. One big reason the deal could work: Netflix wasn't in the ads business. That's when a new $5 billion, 10-year deal with TKO Group will kick in and bring Raw, the weekly WWE pro wrestling show currently airing on Comcast's USA network, to Netflix in the US and other countries. Now it's here, in what appears to be the biggest licensing deal Netflix has ever made. And this deal is a rights deal, not an outright purchase.

Persons: —, they'll, Comcast's, . Peacock, Chris Rock, That's, it's Organizations: Netflix, Service, WWE, USA, ESPN

☆ Netflix's competitors helped it land a blowout quarter by selling it some of their best stuff
▼ + stars: | 2024-01-23 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Netflix had a blowout quarter — much better than Wall Street expected. That's partly because competitors like Disney are selling their content to Netflix — a big strategy reversal. That's much better than Netflix or Wall Street had expected. But that was when Wall Street didn't care much about streaming profit. Now it does, so Netflix's competitors have to live with the fact that they're arming their biggest rival.

Persons: —, It's, Mario, Young Sheldon, they'd, you've Organizations: Netflix, Wall, Disney, Service, AMC, Comcast, Nintendo, Warner Bros, HBO, Brothers, Paramount

☆ As diversity, equity and inclusion comes under legal attack, companies quietly alter their programs
▼ + stars: | 2024-01-14 | by ( ) www.cnbc.com time to read: +8 min

But others have targeted decades-old diversity programs that anti-affirmative action advocates have long tried to dismantle. said Danner-Okotie, who received $10,000 from a separate Fearless Fund grant. The Fearless Fund, Danner-Okotie said, grasped her mission of designing clothes for American women looking to celebrate their African heritage. The outcome of the case could be a bellwether for similar diversity programs. But some have made changes to diversity programs to try to protect them from legal scrutiny.

Persons: Sophia Danner, Okotie's, Fearless, Claudine Gay, Harvard Universitys, Erin Clark, Christopher Rufo, Harvard's, Rufo, George Floyd's, Danner, Okotie, Edward Blum, Morrison Foerster, Perkins Coie, Reagan, Dan Lennington, Lennington Organizations: Harvard, Harvard University, Boston Globe, Twitter, Black, Latina, American Alliance for Equal Rights, Disney, Pfizer, Comcast, Wisconsin Institute for Law & Liberty, Wisconsin Institute, U.S . Department, Business Enterprise Locations: America, Atlanta, India, Nigeria

☆ Here's what Wall Street wants to see from Hollywood this year
▼ + stars: | 2024-01-10 | by ( Sarah Whitten | ) www.cnbc.com time to read: +5 min

But Wall Street is worried that hero may never come for Hollywood. Yet, Wall Street still isn't satisfied. Warner Bros. Wall Street wants a solution, or, at the very least, a company to set the stage for a potential solution. watch nowConsider M&A difficultiesMergers and acquisitions present another path to a bigger bundle, but Wall Street isn't sure there will be a big deal in 2024.

Persons: Doug Creutz, Creutz, Michael Nathanson, MoffettNathanson, Rafael Henrique, Lightrocket, Nathanson, Shari Redstone, David Zaslav, Bob Bakish, Barbie Organizations: Getty, Hollywood, Disney, Warner Bros, Discovery, Comcast, Paramount Global, Netflix, Companies, Warner Bros . Discovery, Paramount, Cowen, Century Fox, Amusements, Comcast's, Universal

☆ Disney+ adding Hulu integration as streaming bundles accelerate
▼ + stars: | 2023-12-06 | by ( Drew Richardson | ) www.cnbc.com time to read: 1 min

The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Disney is beginning to roll out a Hulu integration on its Disney+ streaming platform in a bid to bundle subscribers. The company offers a bundle of Disney+ and Hulu, but Wednesday's release is part of a push to integrate the two platforms. Disney last month agreed to buy the remaining one-third stake in Hulu that was owned by Comcast's NBCUniversal. The Hulu integration is available to people who subscribe to the bundle, albeit in a limited form for now, according to a post on Disney's website.

Persons: Comcast's NBCUniversal Organizations: Disney Locations: Brooklyn, New York, Hulu

☆ Elon Musk says X to file 'thermonuclear' lawsuit against media watchdog
▼ + stars: | 2023-11-18 | by ( Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | October | ) www.reuters.com time to read: +3 min

Leon Neal/Pool via REUTERS/File Photo Acquire Licensing RightsNov 18 (Reuters) - X Corp, formerly known as Twitter, will file a lawsuit against Media Matters and those who attacked social media platform X, Elon Musk said on Saturday in a post on the platform, soon after major U.S. companies paused their advertisements on the site. Liberal media watchdog group Media Matters for America earlier this week said it found that corporate advertisements by IBM, Apple, Oracle and Comcast's Xfinity were being placed alongside antisemitic content. Musk on Wednesday endorsed an antisemitic post on X that falsely claimed members of the Jewish community were stoking hatred against white people. "Media Matters created an alternate account and curated the posts and advertising appearing on the account's timeline to misinform advertisers about the placement of their posts." Media Matters did not immediately respond to an emailed request seeking comment outside of business hours.

Persons: Tesla, Elon Musk, Leon Neal, Musk, Comcast's Xfinity, Adolf Hitler, Axios, Elon Musk's, Andrew Bates, Mrinmay Dey, Tomasz Janowski, Kirsten Donovan Organizations: SpaceX's, Bletchley, X Corp, Twitter, Media, Liberal, IBM, Apple, Oracle, Nazi Party, Disney, Warner Bros Discovery, Comcast, Lions Gate Entertainment, Paramount Global, America, Palestinian, Thomson Locations: Bletchley, Britain, Israel, Bengaluru

Tesla, X (formerly known as Twitter) and SpaceX's CEO Elon Musk speaks with members of the media during the AI Safety Summit at Bletchley Park in Bletchley, Britain on November 1, 2023. Leon Neal/Pool via REUTERS/File Photo Acquire Licensing RightsNov 18 (Reuters) - X Corp will be filing a lawsuit against Media Matters and those who attacked social media platform X, Elon Musk said on Saturday in a post on the social media platform, soon after major U.S. companies paused their advertisements on his social media site. Media watchdog Media Matters earlier this week said it found that corporate advertisements by IBM, Apple (AAPL.O), Oracle (ORCL.N) and Comcast's (CMCSA.O) Xfinity were being placed alongside antisemitic content. "The split second court opens on Monday, X Corp will be filing a thermonuclear lawsuit against Media Matters and ALL those who colluded in this fraudulent attack on our company," Musk said in a post on X, formerly known as Twitter. "This week Media Matters for America posted a story that completely misrepresented the real experience on X, in another attempt to undermine freedom of speech and mislead advertisers," a statement posted by Musk said.

Persons: Tesla, Elon Musk, Leon Neal, Xfinity, Musk, Mrinmay Dey, Kim Coghill, Tomasz Janowski Organizations: SpaceX's, Bletchley, X Corp, Media, IBM, Apple, Oracle, Twitter, America, Thomson Locations: Bletchley, Britain, Bengaluru

☆ IBM suspends ads on X after corporate ads appeared next to pro-Nazi content
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +3 min

The logo for social media platform X, following the rebranding of Twitter, is seen covering the old logo in this illustration taken, July 24, 2023. Media watchdog Media Matters said it found that corporate advertisements by IBM, Apple (AAPL.O), Oracle (ORCL.N) and Comcast's (CMCSA.O) Xfinity were being placed alongside antisemitic content. "IBM has zero tolerance for hate speech and discrimination and we have immediately suspended all advertising on X while we investigate this entirely unacceptable situation," IBM said in a statement. Musk's Wednesday comments on the social media platform are not the first time he has engaged in discussions that reference antisemitic tropes or conspiracy theories. "When it comes to this platform - X has also been extremely clear about our efforts to combat antisemitism and discrimination.

Persons: Dado Ruvic, Adolf Hitler, Musk, Xfinity, X, Linda Yaccarino, Jonathan Greenblatt, Yuvraj Malik, David Gaffen, Lisa Shumaker Organizations: Twitter, REUTERS, IBM, Elon, Nazi Party, Media, Apple, Oracle, Defamation League, ADL, Reuters, U.S, X, Hamas, Thomson Locations: America, United States, Israel, Palestinian, Bengaluru, New York

☆ Disney will soon own all of Hulu. Here's how the company got here and what's next.
▼ + stars: | 2023-11-11 | by ( Lucia Moses | ) www.businessinsider.com time to read: +10 min

Disney has offered to pay Comcast $8.6 billion to take full control of Hulu. Disney is already in the process of rolling out a unified app that'll make Hulu's general entertainment content available in Disney+ . "With Hulu firmly in the Disney fold, they can create their own mini-bundle with kids and family (Disney +), general entertainment (Hulu), and sports (ESPN). The valuation also has to take into account that Hulu contains an entire Disney basic cable network, FX on Hulu. Netflix is set to spend $17 billion on entertainment content in 2024, while Disney is poised to spend $15 billion.

Persons: Bob Iger's, —, Bob Iger, Hulu —, what's, Comcast's NBCUniversal, pare, he's, Jonathan Miller, Brian Roberts, there's, Bernstein, Laurent Yoon, Read, Jordan Helman, Max, Puck, Disney, Bernstein's Yoon Organizations: Disney, Comcast, Hulu, Service, YouTube, News, Century Fox, Marvel, Netflix, Integrated Media, ESPN, ABC, LightShed Partners, Warner Bros, Wall, Paramount Global, Paramount, Showtime, HBO Max, Macquarie Equity Research, Media, Disney Disney, Hollywood Locations: Disney, Hulu, Canada, India, Hollywood

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