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☆ 3 tricks legacy media companies can learn from social-video platforms, per a new Accenture report
▼ + stars: | 2024-05-16 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +5 min

Read previewTraditional media and entertainment companies must undergo "radical levels of reinvention," John Peters, Accenture's lead for media and entertainment clients, told Business Insider. Traditional media companies, like live broadcasting or linear channels, are "seeing viewership migrate away from their platforms," Peters said. Advertisement"They're increasingly moving to social media and social video platforms and video games," Peters said. Here are three things that traditional media companies can learn from social media giants, per the Accenture report. AdvertisementPeters also pointed to events like the annual Academy Awards or live sports as opportunities for media companies to use UGC.

Persons: —, John Peters, Accenture's, Peters, Goldman Sachs, Nikki Mendonca, Mendonca, Elon Organizations: Service, Accenture, Business, Media Industry, Netflix, Hulu, WARC Media, Meta, Media, UGC, Apple, Google, Spotify, Disney Locations: North America, Europe, Asia, America

☆ Netflix is rebuilding the cable bundle, but there’s one conspicuous topic it is avoiding
▼ + stars: | 2024-05-16 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

New York CNN —Netflix is rebuilding the cable bundle, sans one important ingredient: news. The company, having blown up the decades-old linear television business and ushered in the costly and destabilizing era of streaming, is inching closer and closer to resembling the entertainment behemoths of yesteryear. Netflix has shown little-to-no interest in investing in either live-news or pre-taped programming (a la, a show akin to “Vice News Tonight” or “60 Minutes”). Rebuilding the traditional cable package without news is akin to putting together a meal that includes steak, potatoes and ice cream, but not the broccoli. The vegetables might not be the tastiest, most popular item on the menu, but neglecting them would not be healthy.

Persons: Tom Brady, John Mulaney’s “, “, Bela Bajaria, ”, — Organizations: New York CNN, Netflix, NFL, WWE, Meta, Republicans, Journalists, Warner Bros, Discovery, CNN, Comcast, NBC, Disney, ABC News, Paramount, CBS, SPAN Locations: New York

☆ Amazon's appearance at Upfronts highlights push beyond digital ads and into traditional media
▼ + stars: | 2024-05-15 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +4 min

But it's no longer just about digital ad dollars, and Amazon's inaugural presence at this year's Upfronts events is the clearest indication that the e-commerce giant is prepared to take on traditional media. Amazon's Prime Video and other streamers would historically be featured at Newfronts, which is digital media's take on Upfronts. This year, they're projected to spend roughly $18.8 billion on traditional TV ads during Upfronts, an increase of 1% from a year earlier, according to eMarketer. 1 question all of you asked was, 'When are you going to show ads on Prime Video?'" He showed how the business has evolved to include digital video ads on Prime Video.

Persons: they're, Cowen, Alan Moss, we've, Reese Witherspoon, Jake Gyllenhaal, Paul Kotas, We've, Kotas, we're, — CNBC's Lillian Rizzo, Alex Sherman Organizations: Meta, Google, Amazon, Disney, Comcast, Netflix, Google's YouTube, Prime, Revenue, National Football League, CNBC Locations: Amazon, U.S

☆ Nicholas Kristof says press ‘shouldn’t be neutral’ with coverage of Trump’s threats to democracy
▼ + stars: | 2024-05-14 | by ( Oliver Darcy | ) edition.cnn.com time to read: +14 min

The American press, he writes in clear-eyed terms, “shouldn’t be neutral about upholding democracy” and must not “dispassionately observe our way to authoritarianism.”We spoke with Kristof over email for a Q&A about this and more. This is strange for a pundit to admit, but I think there’s too much punditry in journalism today and not enough reporting. … We journalists shouldn’t dispassionately observe our way to authoritarianism; we shouldn’t be neutral about upholding democracy.” Do you believe your colleagues in the press are as clear-eyed about this as you are? I believe that journalism — along with law and the civil service — restrained the Trump presidency and is a force for civilization and democracy. He believed it and I believe it, and that is why I say that journalism is an act of hope.

Persons: Nicholas Kristof, “, Kristof, Gray Lady, Donald Trump, ”, James Bond, scoff, I’ve, That’s, It’s, I’m, we’re, aren’t, it’s, William Safire, shouldn’t, Joe McCarthy, Edward R, Murrow, McCarthy, Martin Luther King Jr, George Wallace, Jim Crow, Trump, Joe Kahn, — that’s, Will, Let’s, — Organizations: New York CNN, New York Times, The New York Times, Times, Trump, Endowment, Arts, CNN, State Security, State, “ Locations: New York, Congo, Iraq, Syria, Aleppo, America, Washington, China, —, Oregon, U.S, Gaza, Russia

☆ ‘Jeopardy!’ is coming to Amazon Prime with a different version
▼ + stars: | 2024-05-14 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

Amazon’s Prime Video has ordered a spin-off of the classic, called “Pop Culture Jeopardy!,” which marks the first-time “Jeopardy!” has created a version exclusively for a major streaming service. The categories will draw from pop culture, including music, sports, Broadway — and even just Zendaya. A premiere date wasn’t announced, but episodes will stream exclusively on Prime Video, which has about more than 200 million global subscribers. “Pop Culture Jeopardy!” isn’t the first spin-off of the quiz show to go streaming: A short-lived “Sports Jeopardy!” was released about a decade ago for Sony’s streaming service Crackle. To help offset that, ads were introduced this year to all Prime Video viewers.

Persons: ”, “, Michael Davies, wasn’t Organizations: New, New York CNN, Amazon, Broadway Locations: New York, It’s

☆ Why are luxury brands waging war on the ‘upcycled’ clothing market?
▼ + stars: | 2024-05-13 | by ( Sarah Kent | ) edition.cnn.com time to read: +10 min

Editor’s Note: This article was originally published by The Business of Fashion, an editorial partner of CNN Style. The design was upcycled from vintage Chanel scarves by stylist Logan Horne, whose brand, J. Logan Home, specializes in refashioning heritage luxury accessories. Fashion brands' legal claims are varied but ultimately boil down to concerns that third parties are free-riding on brands’ valuable IP in ways that could risk confusing consumers, eroding primary sales and tarnishing or diluting carefully cultivated marks. Some big brands, like Prada, Gucci and indeed Levi’s, have already dabbled with upcycling collections and programs of their own. These days, she says she’s having about a conversation a week with brands interested in exploring collaboration, but the industry moves slowly.

Persons: Travis Kelce, Logan Horne, Logan, Webster, They’ve, Chanel, Horne, ”, Susan Scafidi, J, Logan Home’s, Christian Vierig, Louis Vuitton, Levi’s, Jeremy Moeller, Irene Calboli, ” Chanel, des, Batsheva Hay, Monica Schipper, “, Hay, upcycling, I’m, Prada, Gucci, Anna Foster, Gabriela Hearst Organizations: The, Fashion, CNN, NFL, Dua, Law, Paris Fashion, Business of, “, Getty, Logan Home, Texas, M University, Fashion Trust, Business of Fashion, Industry Locations: New York, Texas, Beverly Hills , California, India, Europe

☆ How Fox's Tubi captured Gen Z's attention and became the fastest-growing streaming service
▼ + stars: | 2024-05-13 | by ( Lucia Moses | ) www.businessinsider.com time to read: +8 min

TubiHow Tubi found a Gen-Z audienceTubi, which was acquired by Fox in 2020 for $440 million, didn't deliberately aim at Gen Z when it started in 2014. Because Gen Z spends so much time on social media, they're used to entertainment being free. "Gen Z is orienting themselves around shared interests, subculture interests. The plan is to turn fans into promotors, recognizing that Gen Z is heavily influenced by their friends' recommendations; the initiative is in beta. My thesis is not that people are going to cancel their Netflix subscriptions and go running to Tubi," Parlapiano said.

Persons: Tubi, Peacock, Max, Gen, Nicole Parlapiano, It's, it's, Rupert Murdoch, Fox, There's, didn't, they're, Parlapiano, we've, Carter, Anne Hathaway, Bijou Phillips, Joseph Gordon, Levitt, Chris Baker, Issa Rae's, Bridgerton's, Nicola Coughlan Organizations: Service, Fox, Nielsen, Disney, Hollywood, Business, YouTube, Netflix, FAST, ColorCreative, promotors Locations: Tinder, Tubi

☆ Check out the pitch decks these advertising startups have used to raise millions and shake up the industry
▼ + stars: | 2024-05-10 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +1 min

A new wave of startups are trying to change the digital advertising industry. They're pitching new tech for cookieless ads, streaming TV, and influencer marketing. Here are 24 pitch decks that startups have used to attract investors. AdvertisementAfter years of challenges securing funding, a new wave of advertising startups is raising millions. Here are 24 pitch decks that top execs and founders have used to sell investors on their companies.

Persons: — Organizations: Service, Millennial Media, Business, Vibe

☆ Opinion: The problem with space junk – and how to solve it
▼ + stars: | 2024-05-09 | by ( Opinion Moriba Jah | ) edition.cnn.com time to read: +6 min

This incident serves as an example of the urgent need for a profound shift toward sustainable space practices. Proponents of a circular space economy advocate for a transformative departure from this wasteful paradigm. Much like embracing reusable materials on Earth, transitioning to a circular space economy means designing space systems with reuse, refurbishment and recyclability in mind. The European Space Agency (ESA) has emerged as a trailblazer in the pursuit of a circular space economy. By leading the charge toward sustainable space practices, NASA can inspire other space agencies and private companies to follow suit.

Persons: Moriba Jah, Otero, Moriba Jah Mark Thiessen, wasn’t, I’m, Artemis Organizations: MacArthur Fellowship, University of Texas, CNN, Space, European Space Agency, ESA, NASA, Space Shuttle, Twitter, Facebook Locations: Austin, Naples , Florida, Naples

While he pulled back his price target to $26 from $32, the new target still indicates shares surging 126% from Wednesday's close. Fox's fiscal third quarter results came above Rief Ehrlich's expectations, which she noted were encouraging "amid a difficult linear advertising environment." — Fred Imbert 5:50 a.m.: Wall Street on the sidelines for Airbnb Airbnb's weaker-than-expected forward guidance has analysts worried about the company's growth outlook. Post pulled back his price target by $8 to $160, just 1.3% above where shares closed on Wednesday. Meanwhile, analyst Eric Sheridan moved his price target slightly higher to $130 from $123, suggesting around 18% downside.

Persons: Raymond James ., Jefferies, Dushyant Ailani, Ailani, — Hakyung Kim, Jessica Reif Ehrlich, … Fox, Davidson downgrades, Davidson, Tom White, Tripadvisor, we'd, White, Hakyung Kim, Raymond James Cheesecake Factory, Raymond James, Brian Vaccaro, Vaccaro, Andrew Boone, Shopify, Boone, Fred Imbert, Airbnb, LSEG, Morgan Stanley, Brian Nowak, Nowak, Bank of America's Justin Post, Post, Goldman Sachs, Eric Sheridan Organizations: CNBC, JPM Securities, Cheesecake, Bank of America, Fox, Media, of America, …, Factory, Cheesecake Factory, JMP Securities, Bank of America's Locations: Wednesday's, 2H24

☆ ESPN, League One Volleyball sign media deal for inaugural pro season
▼ + stars: | 2024-05-09 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

ESPN and League One Volleyball have reached a multi-year media rights deal, starting with the league's inaugural professional volleyball season, LOVB announced Thursday. ESPN will air 10 LOVB Pro matches across its linear networks and 18 matches on ESPN+ as part of the first season, which begins in January. LOVB operates 47 youth volleyball clubs in 22 states across the U.S. with more than 1,200 youth teams. Spaulding told CNBC in an interview the introduction of a professional league makes the business a "true youth-to-pro ecosystem." LOVB Pro matches will also be available on ESPN platforms in select countries and territories such as Canada, the Caribbean, Latin America, Sub-Saharan Africa, Australia and New Zealand.

Persons: LOVB, Daniel Margulis, ESPN's, It's, LOVB's, Rosie Spaulding, Spaulding Organizations: ESPN, League, Disney, Fox Corp, Warner Bros, CNBC Locations: Austin , TX, Atlanta, Austin , Texas, Houston, Madison , Wisconsin, Omaha , Nebraska, Salt Lake City, American, Canada, Caribbean, Latin America, Saharan Africa, Australia, New Zealand

☆ When Nvidia shares rise — these 4 global stocks have tended to rise too, according to recent history
▼ + stars: | 2024-05-09 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Four stocks in the Stoxx Europe 600 index tend to rise alongside Nvidia shares, according to an analysis of share price data by CNBC Pro . The European stocks are also semiconductor focused companies: ASML, VAT Group, ASM International , and BE Semiconductor Industries . The share price performances of these technology stocks were highly correlated to Nvidia's over the past year. However, unlike the AI chip giant's 210% share price increase over the past 12 months, these stocks rose relatively moderately between 40% and 85%. A correlation of zero would indicate no statistical link between the chip maker's stock and the share price of the four companies.

Organizations: Nvidia, CNBC Pro, ASM International, BE Semiconductor Industries, Group, BE Semiconductors, CNBC Locations: Europe, U.S, Germany, lockstep, Netherlands, Swiss

☆ Disney and WBD launch streaming bundle combining Disney+, Hulu and Max
▼ + stars: | 2024-05-08 | by ( Brian Lowry | Liam Reilly | ) edition.cnn.com time to read: +2 min

CNN —Seeking further scale in the streaming business, Disney and Warner Bros. Among other things, the collaborative effort would put the two major comic-book rivals, Disney’s Marvel and Warner Bros.’ DC, together in a cooperative venture. (Warner Bros. Disney+ has more than 100 million subscribers, while Hulu reaches another 50 million. “On the heels of the very successful launch of Hulu on Disney+, this new bundle with Max will offer subscribers even more choice and value,” Joe Earley, president of direct-to-consumer for Disney, said.

Persons: ’ Max, Disney’s, Warner, Max, ” Joe Earley Organizations: CNN, Disney, Warner Bros . Discovery, Hulu, Warner Bros, HBO, Disney’s Marvel, DC, Netflix, Max Locations: Hulu, “

☆ The 'problem child' facing Disney is Hulu, says former NBC Cable president Tom Rogers
▼ + stars: | 2024-05-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe 'problem child' facing Disney is Hulu, says former NBC Cable president Tom RogersTom Rogers, Oorbit Gaming executive chairman, Newsweek editor-at-large and former NBC Cable president, joins 'Squawk Box' to discuss Disney's quarterly earnings results, the company's business outlook, troubles facing its linear TV business, the company's theme parks business, fate of Hulu, and more.

Persons: Tom Rogers Tom Rogers, Hulu Organizations: Hulu, NBC Cable, Oorbit Gaming, Newsweek

☆ The streaming future Disney promised is finally here as cable TV decays
▼ + stars: | 2024-05-07 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

Last year in the second quarter, Disney+ and Hulu lost $587 million. The thesis among all major legacy media companies has been that streaming will eventually take over for cable TV as the primary money-making engine. It's not just that Disney nearly made money in streaming — it's that the company's traditional linear TV results were awful. Next year, Disney will launch its flagship ESPN streaming service, which will allow consumers to subscribe to ESPN without cable at all. Looking at Disney's results in the second quarter, it's clear why the company has finally pulled the ripcord on ESPN.

Persons: Bob Iger, It's, Disney Organizations: Walt Disney Company, Disney, Hulu, ESPN, Paramount Global, Warner Bros . Discovery, Comcast, Fox, College Football, ABC, Disney Channel, FX, Geographic, Disney Junior Locations: Beverly Hills , California, U.S

☆ What earnings beat? Disney's streaming slowdown is all anyone on Wall Street cares about
▼ + stars: | 2024-05-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

But that wasn't enough for Wall Street, with the stock diving as much as 11% following the earnings report, its worst daily decline in 18 months. Related storiesWhile Disney+ added 6.3 million new subscribers in the quarter, its total number of streaming subscribers, 153.6 million, was below Wall Street estimates by about 2 million. AdvertisementThe sharp move lower highlights the high standard Wall Street has set for Disney's streaming portfolio, which includes Disney+, Hulu, ESPN, and India's Hotstar. So far, that doesn't appear to be happening, at least not at a quick enough pace for Wall Street. And while Disney's streaming business is moving in the right direction overall, it will likely still be a bumpy ride ahead for the unit to deliver consistent profits.

Persons: —, India's, Hugh Johnston, Geetha Ranganathan, Kevin Organizations: Service, Business, Disney, ESPN, Netflix, Wall, Wall Street, Bloomberg Intelligence Locations: Hulu, India

☆ Disney shares tumble on light guidance. But here's why we're raising our price target
▼ + stars: | 2024-05-07 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Disney Why we own it: We value Disney for its best-in-class experiential entertainment Parks business, which has proven to have immense pricing power. In the second quarter, the combined business — Disney+, India's Disney+ Hotstar, Hulu and ESPN+ — saw losses of $18 million, far better than the $659 million loss in the year-ago period. DTC profitability benefited from Disney+ core subscriber growth, higher retail subscription prices, increased advertising revenue on the back of higher impressions, and lower distribution costs. Clearly, Disney still has a big opportunity in sports as they execute on their DTC streaming strategy for ESPN. The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022.

Persons: —, Nelson Peltz, wouldn't, Hugh Johnston, Jim Cramer's, Jim Cramer, Jim, Presley Ann Organizations: Club, Revenue, LSEG, Disney, Parks, ESPN, Comcast, Netflix, Warner Bros Discovery, Paramount Global, CNBC, seasonality, Entertainment, Hulu, Hulu Live, Sports ESPN, College Football, National Football League, Walt Disney World, Disney Cruise, Disneyland, Hong Kong, Getty Locations: Hulu, India, Florida, California, Hong, Los Angeles

☆ ABC News president Kim Godwin in hot water as Disney-appointed boss conducts review
▼ + stars: | 2024-05-02 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

New York CNN —ABC News President Kim Godwin is skating on thinner and thinner ice. OConnell, according to people familiar with the matter, has been astonished by Godwin’s management — or lack thereof — at the network. “She has to take swift moves,” a person familiar with the inner workings of ABC News candidly told me of OConnell. Those lieutenants include Stacia Deshishku, executive editor and senior vice president; Derek Medina, executive vice president; and Jose Andino, vice president of the office of the president and process management. As OConnell’s not-so-subtle evaluation has played out at ABC News, Godwin has privately voiced displeasure about being layered away from Iger and bemoaned Disney’s micromanagement, CNN was told.

Persons: Kim Godwin, Debra OConnell, OConnell, Godwin, Galen Gordon, Jonathan Greenberger, Bob Iger, tepidly, ”, Stacia, Derek Medina, Jose Andino, OConnell’s, Disney’s micromanagement Organizations: New York CNN, ABC, Disney, ABC News, POLITICO, CBS, “, CNN Locations: New York, Burbank, Washington, Iger

☆ Carlyle thinks it's a good time to move on sports teams, but investors should be careful
▼ + stars: | 2024-05-01 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Carlyle also sees an opportunity to take advantage of sports' greater openness to institutional capital as teams get more expensive. Advertisement"Post-COVID, no content is more important than sports content," Fund said. Successfully running a team isn't as easy as investing in oneCarlyle sees openings for outside investors in teams as their valuations soar. "As teams become more expensive, you're running out of people to buy controlling stakes in teams," Fund said. Key to the Reign deal, for example, was having the Sounders, with its deep market knowledge, as a day-to-day operator.

Persons: —, Carlyle, Ben Fund, Alex Popov, cochair David Rubenstein, We've, We're Organizations: Service, National, Soccer, Seattle, FC, Seattle Sounders, Business, Fund, Baltimore Orioles, NFL, Sounders

☆ Presenting the star of this year's TV upfronts: Retailers
▼ + stars: | 2024-05-01 | by ( Lara O'Reilly | Lucia Moses | ) www.businessinsider.com time to read: +5 min

Usually, at the US TV upfronts — the annual event where the networks showcase their best upcoming programming in the hopes of securing big advertising commitments — the celebrities are the stars of the show. With more money being spent, advertisers are paying closer attention to what data they can use to inform their TV ad buys and prove that TV is powering their sales. It found that taking advantage of a media company's unique upfront data offerings, including retail data, was a top reason for advertisers to buy linear TV or connected TV in the upfronts, cited by 37%. US retail media CTV ad spend will increase by 86.6% this year to reach $4.19 billion, according to Emarketer. And Walmart's recent deal to acquire the TV manufacturer Vizio reflects the growing trend of retail media's convergence with TV advertising.

Persons: Eric Haggstrom, Dave Morgan, Andrea Montano, there's, NBCU, Mark Marshall, Marshall Organizations: Hollywood, Business, Amazon, TV, CTV, Kroger, Walmart, Netflix Locations: New York

☆ Disney just named 2 new top execs to advise on strategy and M&A as it considers its future: Read the memo
▼ + stars: | 2024-05-01 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Disney has appointed two senior executives to oversee corporate strategy as it considers the future of its linear business and contends with streaming losses. Veteran Disney exec Justin Warbrooke, meanwhile, was named EVP and head of corporate development, overseeing M&A as well as divestitures, among other areas. Mayer was Disney's EVP of corporate strategy and business development before going on to run strategy and the DTC and international businesses. As such, we are evolving the Corporate Strategy function to better align with this vision, which includes two leadership roles — one focused on Corporate Strategy and another focused on Corporate Development — both reporting directly to me. In addition to strategy, Andre has advised clients on the topics of operations, organization, customer journey design, and M&A.

Persons: Disney, Nelson Peltz, It's, Bob Iger, Bain, Andre James, Justin Warbrooke, James, Marvel, Hugh Johnston, Kevin Mayer, Mayer, Iger, Tom Staggs, —, Andre, Justin, Hugh Organizations: ESPN, Business, Veteran Disney, Coopers, Lybrand's, DTC, Century Fox, Disney, Media, Walt Disney Company, Corporate, Strategy, Development, of Media, Entertainment, Bain & Company, Consumer, Marvel, Reliance, Fox, Warner Bros . Discovery, Finance Locations: Hulu, India

☆ I moved back in with my mom after losing my job and my marriage at the same time. Healing was a slow process, but I finally feel like myself again.
▼ + stars: | 2024-05-01 | by ( Ayan Said | ) www.businessinsider.com time to read: +5 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . I lost my job, my home, and almost everything I owned along with deep formative relationships, my identity, and my entire sense of self. When we began the divorce process, I moved my daughter and myself to my mom's for support. I knew I needed time and space to allow myself to grieve, and it was a slow and agonizing process. I'm still living at home with my mom and slowly rebuilding a life for my daughter and me.

Persons: Ayan Said, —, Ehlers, affirmations, I'm, I've Organizations: LinkedIn, Service Locations: Somalia

☆ Paramount Global ousts chief Bob Bakish as future of media conglomerate hangs in the balance
▼ + stars: | 2024-04-29 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

New York CNN —Paramount Global on Monday parted ways with its chief executive, Bob Bakish, in a seismic move that sent reverberations through the media conglomerate as it actively engages in acquisition talks with Skydance Media. In place of Bakish, who led the company since controlling shareholder Shari Redstone reunited Viacom and CBS Corporation under one roof in 2019, will be a triumvirate of leaders: Brian Robbins, chief executive of Paramount Pictures; Chris McCarthy, chief executive of Showtime and MTV Entertainment Studios; and George Cheeks, chief executive of CBS. In an attempt to stave off declining cable revenues, Paramount has spent billions of dollars building its own streaming service, Paramount+. Supporters of the Skydance deal hope that merging Paramount with the Ellison-led company will change its fortunes. Those shareholders have argued the deal primarily benefits Redstone and they have encouraged Paramount’s board to evaluate other options.

Persons: Bob Bakish, Bakish, Shari Redstone, Brian Robbins, Chris McCarthy, George Cheeks, Bob, ” Redstone, David Ellison, Larry Ellison, Ellison, Skydance, Jeff Shell Organizations: New, New York CNN, Paramount Global, Skydance Media, Viacom, CBS Corporation, Paramount Pictures, Showtime, MTV Entertainment Studios, CBS, Paramount, Skydance, CNN, BET, Nickelodeon, MTV, Comedy, Netflix Locations: New York, Redstone, Skydance

☆ Pittsburgh Pirates, Penguins launch streaming service for local games
▼ + stars: | 2024-04-29 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +1 min

SportsNet Pittsburgh on Monday unveiled SNP 360, which will cost fans in its local market $17.99 a month to watch Pirates and Penguins games outside of the pay-TV bundle. It also follows a shakeup at SportsNet Pittsburgh last year. The network is now owned by the Pirates and Penguins. Fenway Sports Group and Delaware North, also the parent company of the Boston Bruins, own the regional sports network NESN, which manages SportsNet Pittsburgh. "Our desire has been to reach fans wherever they are and give them options to access our clubs' telecasts," said NESN and SportsNet Pittsburgh CEO Sean McGrail.

Persons: —, Sean McGrail Organizations: MLB, NHL, Pittsburgh, Monday, Pirates, Penguins, SportsNet Pittsburgh, Warner Bros, Discovery, Warner Media, Fenway Sports Group, Boston Red Sox, Delaware, Boston Bruins, SportsNet Locations: SportsNet Pittsburgh

☆ Top Wall Street analysts favor these 3 stocks for their growth potential
▼ + stars: | 2024-04-28 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Earnings season is giving analysts plenty to chew on as they learn more about the impact of macro challenges on companies. Though Wall Street is watching short-term stock moves spurred by quarterly results, the top analysts have their eyes on companies' long-term prospects. Bearing that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Despite Netflix's growth investments, the analyst expects an improvement in operating margin this year and beyond. Looking ahead, the analyst is positive about the company's ability to maintain annual revenue growth in the mid-teens, along with a very capital-efficient growth model.

Persons: Brian Pitz, Pitz, TipRanks, Goldman Sachs, Mark Delaney, Delaney, Baird, David Tarantino, Tarantino Organizations: Netflix Netflix, BMO Capital, Netflix, CTV, General Motors, EV, TAM, U.S Locations: U.S, Canada, North America

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