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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAdvertising volume will shift between streaming players, says Propagate's Ben SilvermanBen Silverman, Propagate co-CEO and former NBC Entertainment co-chairman, joins 'Money Movers' to discuss how Silverman characterizes the round of television upfronts, which streamers the capital will flow to, and much more.
Persons: Propagate's Ben Silverman Ben Silverman, Silverman Organizations: NBC Entertainment
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailParamount multi-CEO plan 'feels more like a placeholder', says Fmr. NBC Exec Ben SilvermanHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Ben Silverman, Brian Sullivan, Organizations: Paramount, NBC, CNBC
Reddit shares are plummeting after experiencing a rally stemming from the social media company's IPO last week. Shares closed at $49.32, ending the week below their closing price on Reddit's first day of trading on the New York Stock Exchange. Reddit shares began their downward spiral on Wednesday, when they sank about 11% to $57.75 at market close. Meanwhile, Reddit Chief Operating Officer Jennifer Wong disclosed that she sold 514,000 shares and now holds 1.4 million of the company's shares. The company's shares then rose 8.8% on Tuesday to close at $65.11, even after New Street Research issued a neutral rating on the company.
Persons: Reddit, Steve Huffman, Ben Silverman, Verity, Jennifer Wong, Silverman, It's Organizations: New York Stock Exchange, Stock, Bloomberg News, CNBC, New, Research, New Street Research Locations: New York City
Boeing CEO Dave Calhoun has resigned and is set to leave at the end of the year. He's not the first leader of the company to leave amid recent safety concerns — and he's likely to do so with a big payout. "I've entered my fifth year," Calhoun told CNBC, referring to his time at Boeing. AdvertisementHow much Calhoun will get after his exit from Boeing will depend on how the aircraft maker's stock price moves. A Boeing spokesperson told Business Insider the company will outline details of Calhoun's compensation in company filings over the "coming weeks."
Persons: Dave Calhoun, Calhoun, Dennis Muilenburg, , He's, I've, Ben Silverman, Fortune, Max Organizations: Service, Boeing, CNBC, Alaska Airlines, Federal Aviation Administration, Department of Justice, National Transportation Safety Board
CNN —Needing to make one miracle shot to stay in The Players Championship, it was do-or-die for Ben Silverman. “Let’s go make it happen,” his caddie quipped as he left the range, recorded in a video posted by the PGA Tour on X. pic.twitter.com/sfH6F6iNyl — PGA TOUR (@PGATOUR) March 16, 2024Yet there were no regrets from Silverman, a 14-year professional who has won twice on the Korn Ferry Tour, the PGA Tour’s developmental circuit. “There’s no point in putting so much pressure on it, just do the best I can,” reflected Silverman, who was making his Players Championship debut. The Japanese golfer teed off from the same hole Saturday morning at even-par overall, but saw his make-or-break 34-foot birdie putt come up just short to fall one shot short of the cut line.
Persons: Ben Silverman, Silverman, Ryo Hisatsune, “ Let’s, Silverman –, sfH6F6iNyl, , “ Didn’t, ” Silverman, Mike Ehrmann, Hisatsune, teed, Justin Thomas, Jordan Spieth, Thomas, Wyndham Clark, Xander Schauffele, Nick Taylor Organizations: CNN, PGA, TPC Locations:
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInsider selling activity over next month 'crucial' to gauge caution, says Verity's Ben SilvermanBen Silverman, Verity Platform, joins 'Fast Money' to talk insider selling trends among the ultra wealthy and mega cap tech.
Persons: Verity's Ben Silverman Ben Silverman, Verity
Netflix co-founder and executive chairman Reed Hastings has gifted two million shares of his holdings in the streaming giant, according to a regulatory filing, with a current value of more than $1.1 billion. "We don't know what it could be, whether it's a charity or multiple charities," VerityData Vice President Ben Silverman told CNBC. Hastings retains just under three million Netflix shares with a value of around $1.7 billion. Though Hastings remains the executive chairman of Netflix, the company has no obligation to disclose the reason behind the gift or the beneficiary. Netflix shares are up nearly 23% year to date but are still around 16% below their 2021 high.
Persons: Reed Hastings, Hastings, it's, Ben Silverman, VerityData's Silverman, — CNBC's Lora Kolodny Organizations: Netflix, New York Times DealBook, Jazz, Lincoln Center, Bloomberg, CNBC, United Negro College Fund, Hastings, CNBC PRO Locations: New York City
Dimon and his family intend to sell 1 million of their 8.6 million shares, according to the filing. That is a tiny percentage of the shares outstanding in JPMorgan which has a market capitalization exceeding $409 billion, according to LSEG data. Dimon has no current plans to sell more stock, but could consider doing so in the future, the spokesman added. Shares of JPMorgan slid more than 3%, falling with peers Bank of America (BAC.N), Citigroup (C.N) and Wells Fargo (WFC.N). So far this year, JPMorgan shares have risen 1.4%, outperforming the S&P 500 Banks Index (.SPXBK), which has declined 18%.
Persons: JPMorgan Chase, Jamie Dimon, Dimon, Octavio Marenzi, Marenzi, they're, Schumer, Evelyn Hockstein, Wells, Brian Mulberry, Mulberry, Ben Silverman, Mike Mayo, James Gorman, Morgan Stanley, Peter Orszag, Dave Ellison, Hennessy, Scott Siefers, Piper Sandler, Siefers, Niket, Lananh Nguyen, Nupur Anand, Shilpi Majumdar, Shinjini Ganguli, Mike Harrison, Jonathan Oatis Organizations: JPMorgan, First Republic Bank, Forbes, U.S, Capitol, REUTERS, Bank of America, Citigroup, Zacks Investment Management, Wells, Wall Street, Lazard, Hennessy Funds, Banks, Thomson Locations: U.S, America, Washington , U.S, Wells Fargo, Bengaluru, Lananh, New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney-Charter dispute is the slippery slope of linear cables demise: Propagate's Ben SilvermanHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Propagate's Ben Silverman, Brian Sullivan, Organizations: Disney, CNBC
said Marc Gilbar, who runs the brand division at Imagine Entertainment. Some are also looking to brand films to offset some of the revenue they're losing in the dual Hollywood strikes. (Brand films are often unscripted and thus aren't governed by the Hollywood unions.) They also see brand work being a positive for below-the-line workers who are idled by the work stoppage. Led by EVP Kate Oppenheim, Tribeca Studios' projects have included "We Could be King" (ESPN2) for Dick's Sporting Goods and P&G's Queen Collective series (BET).
Persons: Ben Silverman, Issa Rae's Hoorae, Kevin Hart's Hartbeat, Julian Jacobs, we've, Marc Gilbar, Samuel L, Jackson, Emma Stone, Zac Ryder, Olivia Wilde, Laurene Powell Jobs, Caitlin McGinty, It's, James Gay, Rees, Paul Martin, Kevin Hart's, Hart, Hartbeat, Brian Price, Chase Sapphire, Procter, Reese Witherspoon, Zoe Fairbourn, Ron Howard, Brian Grazer's, Ron Howard's, Bryce Dallas Howard, Gilbar, Rocco DiSpirito, General Mills, Rupert Maconik's Saville, Werner Herzog, Barry Levinson, Sugar23, Oscar, Michael Sugar, Trevor Noah's, he's, Kennedy, Matt Rotondo helms, Sugar, Mike Beck, Alexa Conway, Trevor Noah, Kate Oppenheim, HBO Max, Paul McCartney, Mary McCartney Ventureland, Kerstin Emhoff, Paul Hunter, John Battsek, Stacy's Pita Chips, Will, Jada Pinkett, REI, Gargi Organizations: Hollywood, Brands, Mattel, Netflix, Apple, UTA, Imagine Entertainment, Producers, Adobe, IBM, Anonymous, HP, Afghan Girls National Soccer Team, Showtime, Pepsi Boardwalk Pictures, Relativity Media, Super, Pepsi, REI, Unilever, Marriott, Surf League, Major League Soccer, Sam's, Gamble, Weinstein Co, Hulu, Imagine, Paramount, Saville Productions, Disney, Time Studios, Procter & Gamble, Anheuser, Busch, InBev, CAA, Studios, MSNBC, ABC, NBC, Tribeca Studios, Dick's Sporting Goods, HBO, CNN, Mobile, Stacy's, Everest, Vice Studios, Westbrook Media, Meta, Logitech, Samsung Locations: Hollywood, Subway, Magnolia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix has lot of runway and is undisputed king of streaming, says Propogate's SilvermanBen Silverman, Propogate Content chair and co-CEO, joins 'Squawk on the Street' to discuss Netflix's earnings results last night, an assessment of the overall streaming landscape, and more.
Persons: Propogate's Silverman Ben Silverman Organizations: Netflix
June 5 (Reuters) - Regional bank executives buying shares in their own companies hit a three-year high in the United States during the second quarter of 2023 as they rushed to restore investor confidence in their firms following the collapse of Silicon Valley Bank. US Bancorp (USB.N), East West Bancorp (EWBC.O), Zions Bancorp (ZION.O) and SoFi Technologies (SOFI.O) are some of the names from the 244 banks that saw heavy insider buying in the second quarter. The ratio of buyers to sellers in the regional banking sector has also hit a record high in the second quarter of 2023, according to the data. Bank stocks have stabilized in recent weeks, but haven't recovered their March losses. Bank deposits, however, started stabilizing from April.
Persons: Eric Compton, Ben Silverman, haven't, Shubham Batra, Shounak Dasgupta Organizations: Silicon Valley Bank, US Bancorp, East West Bancorp, Zions Bancorp, SoFi Technologies, Morningstar, Company, U.S . Securities, Exchange Commission, Bank, Thomson Locations: United States, Silicon, COVID, VerityData, Bank, Bengaluru
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix still struggles to attract big advertisers without sports, says Propagate's Ben SilvermanCNBC's Julia Boorstin joins 'Squawk on the Street' with Ben Silverman, Propagate Content co-CEO, to discuss the impact of the writer's strike on the streaming services and the state of the sector in a struggling advertising market.
Insider buying: The top five stocks purchased by C-suite execs
  + stars: | 2023-05-05 | 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 EmailInsider buying: The top five stocks purchased by C-suite execsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Verity's Ben Silverman joins the show to break down the top 5 stocks purchased by C-suite execs.
Elon Musk sells chunk of Tesla shares worth $3.6B
  + stars: | 2022-12-15 | by ( Lora Kolodny | ) www.nbcnews.com   time to read: +1 min
Tesla CEO Elon Musk sold about 22 million more shares in his electric vehicle business worth around $3.6 billion, according to a financial filing out Wednesday night. After Musk’s Twitter takeover, he told employees there that he sold Tesla shares to “save” their business. Tesla shares have been declining this year and sliding even further since he took on that new responsibility. Shares of Tesla closed down 2.6% on Wednesday at $156.80, dropping the company’s market capitalization to $495 billion. Tesla shares were down 55% year-to-date as of Wednesday’s close.
But Warren Buffett has no reason to be worried. Shares of Buffett’s Berkshire Hathaway (BRKB) are up about 5.5% in 2022. Berkshire has big stakes in Coca-Cola (KO) and Kraft Heinz (KHC), which are each up around 10% this year. Buffett turns 93 next August while Berkshire vice chair and long-time Buffett confidant Charlie Munger will celebrate his 99th birthday on New Year’s Day. Democratic Sen. Elizabeth Warren has introduced a bill with Republican Sen. Roger Marshall that would crack down on money laundering in the crypto world.
A report from data analytics firm Verity shows that some corporate insiders made stock buys this year that have already doubled in value. Many professional investors track insider buying and selling as a measure of a company's quality. Verity compiled insider-buying data from securities filings to show the best insider stock buys of the year. Some notable insiders buying at biotech companies include AbCellera Biologics CFO Andrew Booth and Iveric Bio director Calvin Roberts. The top two insider buys in the S & P 500 came from directors of Genuine Parts .
According to an analysis by Ben Silverman, Director of Research for Verity, Musk's latest Tesla stock sales were very well-timed. Verity's InsiderScore notes that Musk had 267.6 million shares of Tesla pledged as collateral for personal indebtedness as of Mar. Musk still owns 445.6 million Tesla shares and holds exercisable options for 177.3 million more Tesla shares at $23.34, as well as some smaller tranches of options. Musk sold $8.5 billion worth of Tesla shares at $294.36 per share in April and $6.9 billion worth of his stock at $289.79 per share. Late last year, Musk sold $6.6 billion worth of Tesla shares at $357.23.
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