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☆ Disney beat back activist investor Nelson Peltz. Now the real work begins
▼ + stars: | 2024-04-04 | by ( Alex Sherman | ) www.cnbc.com time to read: +8 min

That would mark a milestone for the company, which launched Disney+ on Nov. 12, 2019. It would be the first time Disney showed it can make money from Disney+, Hulu and ESPN+. Disney will need to sustain and grow streaming profit to justify Iger's five-year-old strategy to go "all in" on the segment. Disney has already offered ESPN+, a sports streaming service that has some but not all of ESPN's content. Trian Partners' Nelson Peltz, who failed to join Disney's board Wednesday after securing just 31% of the vote, publicly questioned what he has called Disney's "woke" content strategy.

Persons: Bob Iger, Sun Valley , Idaho David A, Iger, Disney, they've, Cowen, Doug Creutz, Needham, Laura Martin, Gabby Jones, David Greenbaum, Sean Bailey, Alan Bergman, Indiana Jones, Nelson Peltz, Peltz, shouldn't, Bob Chapek, He'll, Bergman, Jimmy Pitaro, Josh D'Amaro, Dana Walden, They've, Cowen's, you've, That's, it's, — CNBC's Sarah Whitten, Needman's Martin Organizations: Disney, Allen & Company Sun Valley Conference, Grogan, CNBC Disney, Disney Disney, Hulu, ESPN, Co, Warner Bros . Discovery, Fox, CNBC, Athletic, Bloomberg, Getty, Marvel, Star Wars, Searchlight, Walt Disney Motion, Disney Entertainment, Century Fox, Sony, Disney's Marvel Studios, Trian Partners, Financial Times, Resorts, Iger Locations: Sun Valley , Idaho, Brooklyn , New York, Iger, Parks, Disney

☆ Longtime Disney Movie Executive Steps Down
▼ + stars: | 2024-02-26 | by ( Brooks Barnes | More About Brooks Barnes | ) www.nytimes.com time to read: +1 min

Sean Bailey, the longtime president of Walt Disney Studios Motion Picture Production, has decided to step down, amid investor pressure to reverse Disney’s box office cold streak. Instead, at least in the near term, he will produce a new “Tron” movie for Disney. Mr. Greenbaum has been running the Searchlight division with Matthew Greenfield since 2021. Over that time, Disney has been roiled by executive firings, restructuring efforts and shifting strategies for film distribution. The steady-handed Mr. Bailey, who is popular with stars and their agents, has helped provide stability.

Persons: Sean Bailey, Bailey’s, David Greenbaum, Bailey, Mr, Greenbaum, Matthew Greenfield, Oscar Organizations: Walt Disney Studios, Disney, Netflix, Searchlight Pictures, Mr, Searchlight Locations: Hollywood

The Oscar-nominated documentary short “The Last Repair Shop” is coming to broadcast television this weekend. The 40-minute film will air Saturday on ABC owned television stations and select affiliates, the studios announced Thursday. “It’s not too much to say I owe my career to people like the four repair people in our film,” Bowers said. The broadcast push is a first for an Oscar nominated short documentary. “We are all so excited that The Last Repair Shop has the opportunity to connect with audiences across the country.”

Persons: It’s, Ben Proudfoot, Kris Bowers, “, Bowers, “ King Richard ”, ”, Steve Bagmanyan, “ It’s, ” Bowers, Matthew Greenfield, David Greenbaum Organizations: ABC, Disney, Los Angeles Unified School District, Searchlight Pictures Locations: California, San Francisco , Los Angeles, Palm Springs, Fresno, Chicago, Houston, Philadelphia , New York, Raleigh, Durham

☆ A hidden feedback loop under Antarctica’s glaciers could accelerate sea level rise, scientists find
▼ + stars: | 2023-10-27 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +4 min

CNN —Glaciers in East Antarctica could lose ice faster in the future than previously thought, scientists reported Friday, in an alarming feedback loop where glacier meltwater is triggering even more ice loss and sea level rise as the planet warms. Together, these and other recent studies paint a dire picture of a melting southern continent that poses extreme risk of life-altering sea level rise around the world. Friday’s study factored that feedback into simulations to see how much it could accelerate Antarctic melting and sea level rise. Measuring this phenomenon and accounting for it in climate models is necessary “to get a realistic picture of global sea level rise,” Greenbaum said. “Given this evidence, subglacial melt and discharge is a process that can no longer be ignored in future projections of Antarctica’s contribution to sea level rise,” De Rydt told CNN.

Persons: CNN —, it’s, ”, Jamin Greenbaum, Denman, Scott, Greenbaum, ” Greenbaum, Tyler Pelle, ” Pelle, Pelle, we’re, ” Jan De Rydt, ” De Rydt, “ Organizations: CNN, University of California San Diego’s Scripps, of Oceanography, Scripps, Northumbria University Locations: East Antarctica, Antarctica

☆ Ad verification company DoubleVerify to acquire AI firm Scibids in $125 million deal
▼ + stars: | 2023-07-31 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

Ad verification company DoubleVerify plans to acquire adtech firm Scibids for around $125 million. It intends to use Scibids' AI expertise to help advertisers better target and optimize ad campaigns. DoubleVerify, the publicly-listed ad verification company, has entered into an agreement to acquire AI-powered adtech firm Scibids in a cash and stock deal valued at $125 million. The product matches DoubleVerify's media quality and ad performance data with Scibids' AI algorithms to let advertisers improve the performance of their campaigns. Around $66 million of the Scibids purchase price will be paid in cash with the remainder in DoubleVerify common stock.

Persons: DoubleVerify, Mark Zagorski, Zagorski, Scibids, Brian Andersen, Dick Filippini, Mark Greenbaum Organizations: Diageo, Dell, Fortune, Microsoft, Allianz, Spotify, LUMA Partners Locations: Paris, France, DoubleVerify, adtech

☆ From Plaid to Brex to Instacart, here are the 20 unicorns that have plunged the most in value in 2023, according to private secondary data
▼ + stars: | 2023-06-12 | by ( Ben Bergman | ) www.businessinsider.com time to read: +3 min

One way to see how private companies are faring is to look at secondary exchanges. The fallen giants are led by former fintech darling Plaid, which has plunged almost 80% in 2023. The fallen giants are led by former fintech darling Plaid, which has plunged almost 80% in value this year. "Suggesting a valuation of any private company based solely on thinly traded secondary market data is misleading clickbait," said a Plaid spokesperson. Below are the 20 companies that have fallen most in value this year, according to Caplight.

Persons: Buyers, Caplight, Javier Avalos, Avalos, Gabe Greenbaum Organizations: Plaid, B Locations: Caplight

☆ LA Tech Week, the summer sequel, is more polished but some of the sizzle is gone
▼ + stars: | 2023-06-10 | by ( Ben Bergman | ) www.businessinsider.com time to read: +4 min

Unlike most tech conferences where tickets cost thousands, Tech Week is mostly free and open to anyone. If last year's hastily arranged LA Tech Week served as venture firm Andreessen Horowitz's LA coming out party, this year's version – taking place just 10 months later – served as the more polished but lower energy summer sequel. Unlike most tech conferences where tickets cost thousands of dollars, Tech Week, which concludes Sunday, is mostly free and open for anyone to attend or even host their own event. The LA Tech Week kickoff party in Pacific Palisades hosted by Crosscut and 75 & Sunny. Mostly gone unsaid was the dismal state of the tech market, which has worsened considerably since last year's Tech Week; Down rounds and layoffs do not make for great cocktail conversation.

Persons: Andreessen, –, Drew Glover, Glover, Ben Bergman, we'll, Gabe Greenbaum, unsaid, Jeremy Milken, Sophia Amoruso, Nasty, Amoruso Organizations: Tech, LA Tech, Santa, Fiat Ventures, Crosscut, B, Watertower Ventures, Trust Fund, Trust Locations: Santa Monica, marveling, St, LA, Hollywood, Venice, Pacific Palisades, Venice Mexican

☆ Terence Kawaja's adtech-focused investment bank Luma Partners may lose 3 of its partners amid a disagreement over its future direction
▼ + stars: | 2023-05-05 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

Luma Partners' three partners are currently planning to exit the company, Insider has learned. It followed a disagreement with Luma Founder and CEO Terence Kawaja about the future vision for the firm. Luma Partners, the adtech-focused investment bank may lose all three of its partners following a disagreement with the company's founder, Terence Kawaja, about the future direction of the firm, Insider has learned. Kawaja's court jester style is in sharp contrast to that of Andersen, Greenbaum, and Filippini who tend to keep a lower profile. For the moment, they remain partners with Luma, which is currently working on a live M&A deal, Andersen said.

☆ Taylor Swift set to make her feature directorial debut
▼ + stars: | 2022-12-09 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —Taylor Swift’s about to yell action! The singer-songwriter will make her feature directorial debut with Searchlight Pictures, the studio announced. Swift also wrote the original script for the movie, which will be produced by Searchlight. The film is also eligible for the short film category at the upcoming Academy Awards. Searchlight has made Oscar winners like Guillermo del Toro’s “The Shape of Water” and Chloe Zhao’s “Nomadland.”

☆ Taylor Swift to make film directorial debut with script she wrote
▼ + stars: | 2022-12-09 | by ( Danielle Broadway | ) www.reuters.com time to read: +1 min

LOS ANGELES, Dec 9 (Reuters) - Grammy award-winning singer Taylor Swift will make her film directorial debut with an original script she wrote, Searchlight Pictures said on Friday. Walt Disney Co.-owned Searchlight, known for Oscar best picture winners "The Shape of Water" and "Nomadland" as well as 2022 drama “The Banshees of Inisherin,” did not disclose the subject of Swift's film or when it would be released. “Taylor is a once in a generation artist and storyteller. She recently earned another Grammy nomination for Song of the Year, the 10-minute version of "All Too Well," which is eligible for the Best Live-Action Short category at the 2023 Oscars. Reporting by Danielle Broadway; Editing by Mary Milliken and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

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