DIRS.INFO The most relevant business & tech news

☆ Inside the disastrous apartments of NYC men, exposed by a TikTok comedian
▼ + stars: | 2024-04-19 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

The homes of New York City's young men are being captured on camera — and it isn't pretty. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Welcome to "Boy Room," the new series in which Coster and a cameraperson venture into the unruly habitats of New York City's men and try to offer advice. AdvertisementComedian Rachel Coster is bravely revealing the bedrooms of New York City's young men.

Persons: Rachel Coster, —, Coster, he'd, Vader, It's, corks, Chris, Jerome Peel, Peel, they've, Dan, couldn't Organizations: Service, Gymnasium, Peel, Village Locations: New York, New York City, West, TikTok, Brooklyn's Boerum Hill, Manhattan's Chinatown, Boston , Philadelphia, Los Angeles, LA

☆ Nikolaj Coster-Waldau on the UN’s 'Weather Kids' climate action campaign
▼ + stars: | 2024-03-26 | by ( Tania Bryer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNikolaj Coster-Waldau on the UN’s 'Weather Kids' climate action campaignThe United Nations Development Programme (UNDP) has launched its new “Weather Kids” campaign to help mobilize climate action for future generations. CNBC’s Tania Bryer spoke to actor and UNDP Goodwill Ambassador, Nikolaj Coster-Waldau, about what he hopes it will achieve.

Persons: Nikolaj Coster, Waldau, CNBC’s Tania Bryer Organizations: United Nations Development Programme, UNDP Goodwill

Tennis - US Open - Mens Final - New York, U.S. - September 10, 2017 - Rupert Murdoch, chairman of Fox Corp, stands before Rafael Nadal of Spain plays against Kevin Anderson of South Africa. Florida-based Smartmatic is seeking damages from Fox Corp, Fox News and five individuals: Rudolph Giuliani and Sidney Powell, who were lawyers for Republican former President Donald Trump; and Fox hosts Lou Dobbs, Maria Bartiromo and Jeanine Pirro. But by establishing that he was involved in making decisions about Fox's coverage, Smartmatic would have a better chance of proving that Fox Corp is liable. In order to prevail in a defamation case, Smartmatic must prove that Fox knowingly spread false information or recklessly disregarded the truth, the standard known as "actual malice." Fox Corp and Fox News in April settled for $787.5 million another defamation lawsuit, brought by voting technology firm Dominion Voting Systems.

Persons: Rupert Murdoch, Rafael Nadal, Kevin Anderson of, Mike Segar, Murdoch, Lachlan Murdoch, Rudolph Giuliani, Sidney Powell, Donald Trump, Lou Dobbs, Maria Bartiromo, Jeanine Pirro, Smartmatic, Joe Biden, Fox, Fox's, Helen Coster, Jack Queen, Will Dunham Organizations: Fox Corp, News Corp, Fox . Representatives, Fox News, Republican, Fox, Trump . Fox, Smartmatic, U.S, Voting, Dominion, Thomson Locations: York, U.S, Kevin Anderson of South Africa, Los Angeles, Florida, New York, American

☆ Amsterdam crowd protests against discrimination after Dutch far-right win
▼ + stars: | 2023-11-24 | by ( Esther Verkaik | ) www.reuters.com time to read: +2 min

Wilders, who is now trying to build a governing coalition, has vowed to close Dutch borders to immigrants and cut spending on climate change, cultural and foreign development programmes. "I feel sad about the election results ... And I'm really worried about our country," said Sara Coster. Another demonstrator, Jan Jaap van Oosterzee, 62, said he felt Wilders' win was "against every thing we're standing for, and that I'm personally standing for". Wilders party "stands for exclusion of my colleagues, of my children, of denying climate change," he said. Muslims, who make up around 5% of the Dutch population of almost 18 million people, have expressed shock at the election result.

Persons: Geert Wilders, Wilders, I'm, Sara Coster, Jaap van Oosterzee, Oosterzee, Toby Sterling, Alexander Smith Organizations: Social, Freedom Party, Amnesty International, Greenpeace, Thomson Locations: Amsterdam, Netherlands, AMSTERDAM, Solidarity

The logo of Forbes magazine is seen on a board at the St. Petersburg International Economic Forum 2017 (SPIEF 2017) in St. Petersburg, Russia, June 1, 2017. REUTERS/Sergei Karpukhin/File Photo Acquire Licensing RightsNov 21 (Reuters) - Forbes' parent company has called off its acquisition by Luminar Technologies (LAZR.O) CEO Austin Russell, as the billionaire could not come up with the financing, an internal Forbes memo seen by Reuters on Tuesday showed. Forbes was valued at $475 million in 2014 when Integrated Whale Media bought a majority stake in the company from the Forbes family and investment group Elevation Partners. Chinese conglomerate HNA Group made an unsuccessful bid to acquire a majority stake in Forbes in 2017, Reuters reported at the time. Forbes, one of the oldest U.S. media outlets, publishes its eponymous flagship magazine, which reaches 5 million readers.

Persons: Sergei Karpukhin, Forbes, Austin Russell, Mike Federle, Dawn Chmielewski, Helen Coster, Akash Sriram, Maju Samuel, Richard Chang Organizations: Forbes, St ., Economic, REUTERS, Luminar Technologies, Reuters, Forbes Media, The, Integrated Whale Media, Partners, HNA Group, Thomson Locations: St, St . Petersburg, Russia, Russell's, U.S, Los Angeles, New York, Bengaluru

The TikTok app logo is seen in this illustration taken August 22, 2022. News organizations are competing with TikTok and other social media platforms for consumers' attention and advertisers' budgets, with many seeking ways to engage TikTok’s large and coveted Gen Z audience. Meta (META.O)-owned Facebook is the most popular social media platform for news, with 30% of Americans saying they regularly access news there, followed by YouTube with 26%, Instagram with 16% and TikTok with 14%, Pew found. Regular news consumers on Nextdoor, Facebook, Instagram and TikTok are more likely to be women, Pew found, while regular news consumers on Reddit, X, LinkedIn and Alphabet (GOOGL.O)-owned YouTube are more likely to be men. Under owner Elon Musk, regular news consumers on X, the platform formerly named Twitter, are roughly split politically, with 46% Republican or Republican-leaning, and 49% Democrat or Democratic-leaning, according to Pew.

Persons: Dado Ruvic, Pew, Elon Musk, Helen Coster, Jan Harvey Organizations: REUTERS, Pew Research Center, Meta, Facebook, YouTube, Republican, Democratic, Pew, Thomson Locations: U.S

☆ Warner Bros Discovery beats quarterly profit estimates amid strike, sluggish ad market
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

Discovery Atlanta campus is pictured after the Writers Guild of America began their strike against the Alliance of Motion Pictures and Television Producers, in Atlanta, Georgia, U.S. May 2, 2023. The media company forged by the union of WarnerMedia and Discovery posted adjusted core earnings of $2.97 billion, above estimates of $2.92 billion, as per LSEG data. The company had 95.1 million global direct-to-consumer customers at the end of the quarter, down from 95.8 million in the previous quarter. In May, it launched its Max streaming service - combining HBO Max's scripted entertainment with Discovery's reality shows. Reporting by Samrhitha Arunasalam in Bengaluru and Helen Coster in New York; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.

Persons: Alyssa Pointer, David Zaslav, Samrhitha, Helen Coster, Saumyadeb Organizations: Warner Bros . Discovery, Writers Guild of America, Alliance of Motion Pictures, Television Producers, REUTERS, Warner Bros Discovery, SAG, HBO, Thomson Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, Bengaluru, New York

The company reported free cash flow of $2.06 billion, compared with $1.72 billion in the prior quarter. The company posted a net loss of $417 million, narrowing from a $2.3 billion net loss from a year-ago period. Advertising revenue at its networks segment declined 12% to $1.71 billion as global conflicts and inflation created an uncertain climate for marketers. The company's streaming unit posted an adjusted core profit of $111 million, compared with a loss of $634 million a year ago. Warner Bros Discovery had 95.1 million global direct-to-consumer customers at the end of the quarter, down from 95.8 million in the previous quarter.

Persons: Mario Anzuoni, Gunnar Wiedenfels, there's, Wiedenfels, David Zaslav, Michael Schulman, Barbie, Thomas Hayes, Samrhitha, Helen Coster, Saumyadeb Chakrabarty, Anil D'Silva, Mark Porter Organizations: Paramount Pictures Studios, REUTERS, Warner Bros Discovery, SAG, Running, HBO, Thomson Locations: Los Angeles , California, U.S, Bengaluru, New York

☆ IAC narrowly beats Wall Street third-quarter revenue estimates
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

Nov 7 (Reuters) - Internet holding company IAC (IAC.O) beat Wall Street third-quarter revenue estimates on Tuesday, as the owner of publisher Dotdash Meredith saw traffic growth return for core brands. IAC owns Dotdash Meredith, America's largest digital and print publisher, as well as brands such as the Daily Beast and care services platform Care.com. Revenue fell 15% to $1.11 billion, narrowly beating analyst estimates, amid a challenging advertising market. Revenue at Dotdash Meredith, its biggest business, fell 11% to $417.5 million, with digital and print revenue declining 4% and 16%, respectively. Consolidated adjusted EBITDA grew 83% year-over-year, with adjusted core earnings growing at home services platform Angi and Dotdash Meredith.

Persons: Dotdash Meredith, We've, Joey Levin, GAI, Helen Coster, Manya, Krishna Chandra Organizations: IAC, Daily, Revenue, Consolidated, Dotdash Media, . Copyright, Manya Saini, Thomson Locations: Dotdash, New York, Bengaluru

The newspaper's banner logo is seen during the grand opening of the Washington Post newsroom in Washington January 28, 2016. REUTERS/Gary Cameron/File Photo Acquire Licensing RightsCompanies Amazon.com Inc FollowNov 4 (Reuters) - William Lewis, the former Dow Jones chief executive and publisher of The Wall Street Journal has been named chief executive and publisher of The Washington Post, the Post said on Saturday. The Washington Post said that it is projected to end the year taking a $100 million loss. Lewis is set to take on his duties from Jan. 2, 2024, replacing Patty Stonesifer, who became interim chief executive in June. Stonesifer had replaced Fred Ryan, who stepped down in August after a nine-year stint as publisher and CEO.

Persons: Gary Cameron, William Lewis, Dow Jones, Lewis, Jan, Patty Stonesifer, Jeff Bezos, Stonesifer, Fred Ryan, Ryan, Gursimran Kaur, Helen Coster, Daniel Wallis, Michael Perry Organizations: Washington Post, REUTERS, Dow, The Washington Post, Reuters, Post, Thomson Locations: Washington, Bengaluru, New York

[1/2] A smartphone with displayed "Disney" logo is seen on the keyboard in this illustration taken March 24, 2020. Disney said it expected to pay NBCUniversal (NBCU) parent Comcast about $8.61 billion by Dec. 1. Hulu had 48.3 million subscribers at the end of Disney's third quarter, compared with 28 million paid subscribers for Comcast's Peacock streaming service at the end of Comcast's third quarter. Disney+ had 146.1 million global subscribers at the end of Disney's third quarter. If the value is determined to be greater than the guaranteed floor value, Disney will pay NBCU the difference.

Persons: Dado, Walt Disney, Disney, Bob Iger, Goldman Sachs, Brian Roberts, Dawn Chmielewski, Helen Coster, Sriraj Kalluvila, Sayantani Ghosh, Jamie Freed Organizations: REUTERS, ANGELES, Wednesday, Disney, Comcast, Hulu, Goldman, Thomson Locations: Hulu, Burbank , California, U.S, Los Angeles, New York

The Thomson Reuters logo is pictured on a building in the Manhattan borough of New York City, New York, U.S. November 16, 2021. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsNEW YORK, Nov 1 (Reuters) - Thomson Reuters Corp (TRI.TO) on Wednesday reported higher-than-expected third-quarter profit as its biggest divisions serving legal, tax and accounting professionals performed well amid economic uncertainty. Organic revenues in the Legal Professionals segment increased 6%, while total revenue fell 2%, reflecting sales of some divisions. Thomson Reuters has earmarked $10 billion for acquisitions and about $100 million per year in investments in AI capabilities. In August, the company closed its $650 million cash acquisition of Casetext, a California-based AI company that helps legal professionals conduct research, analysis and prepare documents using generative AI.

Persons: Carlo Allegri, Thomson, Steve Hasker, ” Hasker, Hasker, Helen Coster, Nick Zieminski Organizations: Thomson Reuters, REUTERS, Thomson Reuters Corp, ”, Microsoft, Elite, TPG, Reuters, Thomson Locations: Manhattan, New York City , New York, U.S, California

Small toy figures with laptops and smartphones are seen in front of displayed Comcast logo, in this illustration taken December 5, 2021. Revenue for the media giant’s third quarter rose 0.9% to $30.12 billion, beating analysts’ estimates of $29.68 billion, according to LSEG data. Comcast lost 18,000 broadband customers in the quarter, as it faces more competition from wireless carriers such as Verizon (VZ.N) and T-Mobile (TMUS.O), which offer broadband. Paid subscribers increased by 4 million in the third quarter, to 28 million, from the 24 million reported in the previous quarter. That growth was driven partly by the addition of Comcast subscribers who had been getting Peacock for free, and converted to paid subscribers.

Persons: Dado Ruvic, FactSet, Peacock, Oppenheimer, Helen Coster, David Gregorio Our Organizations: Comcast, REUTERS, Revenue, Verizon, Dominion, Thomson Locations: New York, Bengaluru

Those summaries appear on the top of the Google search homepage, with links to “dig deeper,” according to Google’s overview of SGE. Most significantly, publishers want to be compensated for the content on which Google and other AI companies train their AI tools – a major sticking point around AI. In late September Google announced a new tool, called Google-Extended, that gives publishers the option to block their content from being used by Google to train its AI models. Publishers want clicks to secure advertisers, and showing up in Google search is key to their business. When given the option, websites are blocking their content from being used for AI if doing so doesn’t impact search, according to exclusive data from AI content detector Originality.ai.

Persons: Annegret, Jon Fosse ”, –, Japan –, ”, Danielle Coffey, Forrester, Nikhil Lai, “, Helen Coster, Kenneth Li, Claudia Parsons Organizations: Google, Arena, REUTERS, NPR, The New York Times, Reuters, News Media Alliance, Washington Post, Thomson Locations: Berlin, Germany, United States, India, Japan, Paris, SGE

That gave the PIPE investors the right to cancel their commitments. An Aug. 9 amendment of TMTG's deal with Digital World called for the unwinding of the PIPE. This amendment gives Trump new shares in Digital World with more voting power. It remains unclear when and if Digital World will ask its shareholders to vote on the deal with TMTG, a necessary step for its completion. Shares of Digital World dropped 2% on Thursday to $15.54, far below their peak of around $97 a share in March 2022.

Persons: Donald Trump, Dado Ruvic, Donald Trump's, Devin Nunes, TMTG, Helen Coster, Josie Kao, Rod Nickel Organizations: REUTERS, U.S, Trump Media & Technology, Digital, TMTG, DWAC, Trump, Reuters, U.S . Department of Justice, Securities and Exchange Commission, Thomson

But when Israel called up its reservists and declared war this week, the response was swift and overwhelming. Most reservists were already in Israel at the time of the call-up - the largest such compulsory mobilisation since the 1973 Yom Kippur War. But many were out of the country, for a variety of reasons, and dropped everything to rush back. "I cannot sit here and study medicine while I know that my friends are fighting and my family needs protection. A former captain in the Israeli army, he immediately acknowledged the call-up, but didn't tell his children what he was doing.

Persons: Ammar Awad, Rush, Israel, Yonatan Steiner, Nimrod Nedan, L.K, Yonatan Bunzel, Bunzel, Yedidya Shalman, Oren Saar, it's, there's, Alexander Cornwell, Helen Coster, Krystal Hu, Gabriella Borter, Crispian Balmer, Andrius, Nick Macfie Organizations: REUTERS, El Al, Thomson Locations: Israel, Gaza, Sderot, DUBAI, New York, Lebanon, kibbutzes, Lithuania, India, Tel Aviv, Dubai, Thailand, El, WhatsApp, New York City, Rome

☆ SPAC to Return Remaining $533 Million Raise for Trump Social Media Deal
▼ + stars: | 2023-10-12 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

Persons: Helen Coster, Donald Trump's, Devin Nunes, TMTG, Josie Kao, Rod Nickel Organizations: Corp, U.S, Trump Media & Technology, Digital, TMTG, DWAC, Trump, Reuters, U.S . Department of Justice, Securities and Exchange Commission

The Truth social network logo is seen on a smartphone in front of a display of former U.S. President Donald Trump in this picture illustration taken February 21, 2022. The development is the nail in the coffin of the $1 billion investment that DWAC (DWAC.O) had raised for the merger with Trump Media & Technology Group (TMTG), which runs the Truth Social platform. It was unclear how TMTG will fund itself if the deal does not go through. TMTG previously raised $22.8 million in financing from private investors, Reuters reported last October. In September DWAC Investors voted to give up to a one-year extension to complete the TMTG deal, the deadline for which had been delayed several times.

Persons: Donald Trump, Dado Ruvic, Donald Trump's, TMTG, DWAC, Helen Coster, Josie Kao Organizations: REUTERS, U.S, Trump Media & Technology, Reuters, Trump, U.S . Department of Justice, Securities and Exchange Commission, SEC, DWAC, Thomson Locations: TMTG ., DWAC

But the executive transition does not settle another potential power play that could occur upon Rupert Murdoch’s death, as framed by a document called the Murdoch Family Trust. It is the vehicle through which the elder Murdoch controls News Corp and Fox Corp, through a roughly 40% stake in voting shares of each company. The Murdoch Family Trust has eight votes: four of which are controlled by Murdoch, and the remaining four controlled by the four children from his first two marriages. Upon succession, the four older children will equally inherit Murdoch’s voting shares in the trust, according to Alice Enders, Head of Research at Enders Analysis. The shares in Fox and News Corp owned by Murdoch’s children through the trust are a combination of both classes of shares.

Persons: Rupert Murdoch, Lachlan, Mike Blake, Lachlan Murdoch, Rupert Murdoch’s, Murdoch, Prudence, Elisabeth, James –, Murdoch’s, Chloe, Grace, Wendi Deng, Alice Enders ,, “ It’s, ”, Enders, “, Helen Coster, Stephen Coates Organizations: Fox Executive, Allen, REUTERS, News Corp, Corp, Fox Corp, Trust, The, Alice Enders , Head, Research, Enders Analysis, Fox, Thomson Locations: Sun Valley , Idaho, Murdoch, The Reno , Nevada, Melbourne, New York

Lachlan Murdoch and his siblings attended Dalton, a private school on Manhattan’s Upper East Side, and other elite schools, including Trinity School. In 1999, Lachlan Murdoch assumed responsibility for print operations in the U.S. [1/3]Then Newscorp chairman Rupert Murdoch and son Lachlan Murdoch in the crowd before Super Bowl LI at NRG Stadium in Houston, Texas, U.S., February 5, 2017. The newly constituted Fox was reduced to a handful of assets, including the Fox broadcast network, Fox News, Fox Sports and Fox Business, with Lachlan Murdoch serving as its executive chair and chief executive officer. As chief executive of Fox Corp since 2019, Lachlan Murdoch has presided over the media properties during seismic change in the industry, as viewers cut cable subscriptions in favor of streaming services.

Persons: Lachlan Murdoch, Rupert Murdoch, Murdoch, Rupert Murdoch’s, Anna, Australian Broadcasting Corp’s, Paddy Manning’s, “, Lachlan, James, Dalton, Manning, Robert Deutsch, Walt Disney, Brother James Murdoch, Chris Mitchell, ”, James Murdoch, Kathryn, Fox, Donald Trump, Dawn Chmielewski, Helen Coster, Kenneth Li, Nick Zieminski Organizations: News Corp, Fox Corp, Wall Street Journal, Fox News, Sun, Fox Sports, Fox Entertainment, Australian Broadcasting, New, New York Post, The New York Times, Daily News, Wall Street, San Antonio Express, Monopoly, Trinity School, Trinity Conservative Society, Princeton, News Ltd, U.S ., New York, Century Fox, Walt, Fox, Fox Business, Disney, New York Times, Daily, Dominion Voting Systems, Thomson Locations: Australia, United States, London, New York, U.S, Illyria, NRG, Houston , Texas, Los Angeles

[1/3] Then Newscorp chairman Rupert Murdoch and son Lachlan Murdoch in the crowd before Super Bowl LI at NRG Stadium in Houston, Texas, U.S., February 5, 2017. In 1999, Lachlan Murdoch assumed responsibility for print operations in the U.S. Lachlan Murdoch founded Illyria Pty, a private investment company, whose acquisitions included a network of Australian radio stations. The newly constituted Fox was reduced to a handful of assets, including the Fox broadcast network, Fox News, Fox Sports and Fox Business, with Lachlan Murdoch serving as its executive chair and chief executive officer. While Rupert Murdoch built his legacy pursuing the television, movie and newspaper businesses with equal abandon, Lachlan’s legacy is still taking shape.

Persons: Rupert Murdoch, Lachlan Murdoch, Robert Deutsch, Murdoch, Rupert Murdoch’s, Anna, Australian Broadcasting Corporation’s, Paddy Manning’s, “, Lachlan, James, Dalton, Manning, Walt Disney, Brother James Murdoch, Lachlan Murdoch doesn’t, Chris Mitchell, ”, Fox, Donald Trump, Dawn Chmielewski, Helen Coster, Kenneth Li, Nick Zieminski Organizations: News Corp, Fox Corp, Wall Street Journal, Fox News, Sun, Fox Sports, Fox Entertainment, Australian Broadcasting, New, New York Post, The New York Times, Daily News, Wall Street, San Antonio Express, Monopoly, Trinity School, Trinity Conservative Society, News, New York, Century Fox, Walt, Fox, Fox Business, Disney, New York Times, Dominion Voting Systems, Thomson Locations: NRG, Houston , Texas, U.S, Australia, United States, London, New York, Princeton, Illyria, Los Angeles

His son, Lachlan Murdoch, will become the sole chairman of News Corp and continue as the chair and CEO of Fox, the companies said on Thursday. The transition solidifies Lachlan's role as the leader of the media empire, putting to rest questions of succession within the Murdoch family. Lachlan was appointed CEO of the new Fox Corp. Murdoch controls News Corp and Fox Corp through a Reno, Nevada-based family trust that holds a roughly a 40% stake in voting shares of each company. The shares in Fox and News Corp owned by Murdoch’s children through the trust are a combination of both classes of shares.

Persons: Rupert Murdoch, Rafael Nadal, Kevin Anderson of, Mike Segar, Lachlan Murdoch, Murdoch, Lachlan, Fox, Brian Wieser, James, Chloe, Grace, Wendi Deng, Jonathan Miller, Sumner Redstone, Ted Turner, John Malone, Miller, Helen Coster, Aditya Soni, Dawn Chmielewski, Krishna Chandra Eluri, Saumyadeb Chakrabarty, Nick Zieminski Organizations: Fox News, Fox Corp, News Corp, Fox, Dominion, Systems, Wall, Walt Disney Co, Lupa Systems, Corp, Thomson Locations: York, U.S, Kevin Anderson of South Africa, Australia, United States, American, Reno , Nevada, London, New York, Bengaluru, Dawn, Los Angeles

The News Corporation logo is displayed on the side of a building in midtown Manhattan in New York, U.S., February 27, 2018. "What you will see over time is a lot of litigation; some media companies have already begun those discussions," said News Corp Chief Executive Robert Thomson, speaking at the Goldman Sachs Communacopia + Technology Conference. It's unclear whether more publishers will ultimately strike deals with the tech companies or pursue litigation related to the use of that content. The Associated Press struck a deal in July, licensing a part its archive of news stories to ChatGPT-owner OpenAI. Reporting by Zaheer Kachwala in Bengaluru; Editing by Pooja Desai and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Persons: Lucas Jackson, Robert Thomson, Goldman Sachs, we're, Bard, ChatGPT, OpenAI, Zaheer Kachwala, Pooja Desai, Aurora Ellis Organizations: REUTERS, News Corp, News, Technology, Publishers, Sunday Times, Wall Street, OpenAI, Associated Press, Thomson Locations: Manhattan, New York, U.S, Bengaluru

Disney owns two-thirds of Hulu, while Comcast owns the rest. "Hulu has far greater value than when they struck the $27 billion agreement with Disney ... Comcast wants to get maximum value out of this." Hulu had 48.3 million subscribers at the end of the most recent quarter, compared with 24 million paid subscribers for Comcast's Peacock streaming service and 105.7 million global subscribers for Disney+. Greenfield applauded Disney CEO Bob Iger for agreeing to accelerate the Hulu purchase, saying that waiting until next year is hampering Disney's strategic flexibility. "Whatever Disney chooses to do, having partial ownership of Hulu with Comcast makes anything else they want to do more challenging," Greenfield said.

Persons: Mike Blake, Brian Roberts, ” Roberts, Roberts, Goldman Sachs, ”, Rich Greenfield, Greenfield, Bob Iger, Disney, Iger, Samrhitha, Helen Coster, Dawn Chmielewski, Nick Zieminski, Stephen Coates Organizations: Comcast NBC, REUTERS, Comcast, Disney, “, Technology, Hulu, Thomson Locations: Los Angeles , California, U.S, Hulu, Bengaluru, New York, Los Angeles

REUTERS/Mike Blake/File Photo Acquire Licensing RightsSept 6 (Reuters) - Comcast (CMCSA.O) has moved up the date for the sale or purchase of its remaining stake in Hulu to Disney (DIS.N) to Sept. 30 this year, CEO Brian Roberts said on Wednesday. Disney owns two-thirds of Hulu, while Comcast owns the rest. Under a 2019 agreement, either company can trigger a sale or purchase of Comcast's 33% stake to Disney as early as January 2024. Hulu had 48.3 million subscribers at the end of the most recent quarter, compared with 24 million paid subscribers for Comcast's Peacock streaming service and 105.7 million global subscribers for Disney+. (This story has been corrected to say that Comcast has pulled forward the date, not extended, in the headline.

Persons: Mike Blake, Brian Roberts, ” Roberts, Roberts, Goldman Sachs, ”, Samrhitha, Helen Coster, Arun Koyyur, Anil D'Silva, Nick Zieminski Organizations: Comcast NBC, REUTERS, Comcast, Disney, “, Technology, Hulu, Thomson Locations: Los Angeles , California, U.S, Hulu, Bengaluru, New York

Search resuls for: "Coster"

25 mentions found