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Powell's comments did little to sway investors in futures markets tied to the Fed’s policy rate, which on Wednesday reflected bets for only one additional rate increase this year, followed by cuts in January. An inverted yield curve occurs when yields on shorter-dated Treasuries rise above those for longer-term ones. It suggests that while investors expect interest rates to rise in the near term, they believe higher borrowing costs will eventually hurt the economy, forcing the Fed to later ease monetary policy. "With a steeply inverted curve we see a lot of yield and a lot of attractive opportunities in the front end," said Steve Hooker, portfolio manager of Newfleet Asset Management. Greg Peters, co-chief investment officer of PGIM Fixed Income, said inflation remained way too high to anticipate rate cuts any time soon.

Persons: Jerome Powell hasn't, Powell, Powell's, Roger Hallam, Steve Hooker, ” Hooker, Greg Peters, We're, Davide Barbuscia, Ira Iosebashvili, Leslie Adler Organizations: YORK, Federal, Fed, Vanguard, Silicon Valley Bank, Commonwealth Financial Network, Newfleet Asset Management, Thomson Locations: Silicon, U.S

☆ Inside Netflix's growing M&A machine, who's leading it, and what insiders think the streamer could buy next
▼ + stars: | 2023-06-21 | by ( Lucia Moses | ) www.businessinsider.com time to read: +9 min

It then delved further into M&A to kickstart its games business. And the streamer hasn't completely abandoned its build-from-within strategy, as it also announced plans last fall to build its own gaming studio in Finland. He recently was elevated to the Lstaff, a group of 25 Netflix business heads who debate its biggest initiatives. (Netflix ended up doing a partnership in 2019 with that company, Studio Dragon, and its parent CJ ENM.) But leadership has been steadfast that Netflix's M&A mantra hasn't changed.

Persons: Here's, Reed Hastings, It's, it's, who's, what's, Roald Dahl, Dahl, Peter Rabbit, Spry, Harry Potter, execs, Spencer Wang, Michael Porter, Spencer Neumann, who'd, Neumann, Wang, Greg Peters, Ted Sarandos, Bela Bajaria, Scott Stuber, Mike Verdu, Jay MacDonald, Digiday, Ana Milicevic, Hastings, Sarandos, CJ ENM, Mario Organizations: Netflix, stoke, Paramount, Night School, Spry Fox, Disney, Warner Bros, DC Comics, Digital Capital Advisors, MLB, Surf League, Street Journal, Microsoft, Sparrow Advisers, MGM, Amazon, Mario Bros, Activision Blizzard, Epic Games, UBS Locations: Finland, New Jersey, Hollywood

☆ Downhill skateboarding: Why five women embarked on a 3,500-mile skateboard journey across Europe
▼ + stars: | 2023-06-17 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +6 min

But for Anna Pixner, downhill skateboarding at speed evokes a different feeling: freedom. Journalists and spectators are still quick to point out that she is an exception to the norm in the male-dominated world of downhill skateboarding, but Pixner has tired of such comments. According to director Marchella De Angelis, downhill skateboarding "is very risky. Pixner tells CNN Sport that she finds skating to be “a very good tool to help with all kinds of mental issues. Pixner is one of a growing number of people who hope that downhill skateboarding will soon become part of the Games’ roster.

Persons: Anna Pixner, Pixner, “ There’s, ”, “ Woolf, Jenny Schauerte, Marchella De Angelis, Hanegraef, Lisa Peters, Alejandra Gutierrez –, ” Pixner, “, you’re, De Angelis, aren’t, it’s, It’s Organizations: CNN, Journalists, CNN Sport, Sony, 2Dare2, Racing Locations: London, Innsbruck, Austria, Turkey, what’s

☆ Netflix is reportedly plotting its first live sports event, a celebrity golf tournament that could redeem the streamer after its 'Love Is Blind' livestreaming debacle
▼ + stars: | 2023-06-13 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +3 min

Netflix may be ready to get into live sports after its "Love Is Blind" reunion livestreaming snafu. Netflix may be looking to a sports event to prove its livestreaming chops after it fumbled a recent live reunion special of the reality show "Love is Blind." The streaming company is planning a celebrity golf event as its first foray into live sports, the Wall Street Journal reported on Tuesday. But its most recent livestreaming attempt, a reunion special for its hit reality show "Love Is Blind," was a spectacular failure. The company has yet to ink any live-sports pacts, finding success instead with docuseries around sports like Formula 1, professional golf, and professional tennis.

Persons: Chris Rock's, Greg Peters, Netflix's, Chris Rock, Peters Organizations: Netflix, Street Journal, Morning, Wall Street, Formula, ESPN

☆ Fox News Tells Tucker Carlson to Stop Posting Videos on Twitter
▼ + stars: | 2023-06-12 | by ( Jeremy W. Peters | Benjamin Mullin | ) www.nytimes.com time to read: +1 min

After the discovery of one particularly incendiary text from Mr. Carlson, the Fox Corporation board decided to begin an internal investigation into his conduct. Mr. Carlson’s cancellation — he is still an employee of Fox unless the network decides to let him out of his contract — has upended Fox’s lucrative and popular prime-time lineup. Roughly one-third of its prime-time audience has tuned out since Mr. Carlson was taken off the air. Mr. Carlson’s lawyers have argued that Fox News breached its contract with Mr. Carlson first, in part by failing to prevent his private messages from being disclosed. The former Fox host also believes his Twitter show is protected speech under the First Amendment, according to a person with knowledge of Mr. Carlson’s legal strategy.

Persons: Carlson, —, Fox, Mr Organizations: Fox Corporation, Fox, Fox News, Twitter

☆ U.S. seeks new suppliers of highly used cancer drug methotrexate in short supply
▼ + stars: | 2023-06-09 | by ( ) www.cnbc.com time to read: +2 min

The U.S. Food and Drug Administration said on Friday it is seeking new suppliers to ease shortages of methotrexate, one of the most commonly used cancer drugs, building on its push to shore up two other scarce chemotherapy medicines. An FDA spokesperson told Reuters the agency is looking for temporary importation options for the drug, which has been in shortage since March. Methotrexate is an injected drug used to treat a wide variety of cancers ranging from acute lymphoblastic leukemia in children, breast cancer, lung cancer, bone cancers and certain types of head and neck cancers, according to the National Cancer Institute. Last week, the FDA said it was looking for additional temporary suppliers for two other cancer chemotherapies, cisplatin and carboplatin. According to the American Society of Health-System Pharmacists, suppliers with methotrexate injections in shortage or on back order include Accord Healthcare, Fresenius Kabi, Pfizer , Teva and Hikma Pharmaceuticals .

Persons: Methotrexate, cisplatin, China's, Senators Gary Peters, Debbie Stabenow, Fresenius Kabi Organizations: . Food, Drug Administration, FDA, Reuters, National Cancer Institute, Pharmaceutical, U.S, Senators, Intas Pharmaceuticals, Healthcare, American Society of Health, System Pharmacists, Accord Healthcare, Pfizer, Teva, Hikma Pharmaceuticals Locations: United States, India, U.S

☆ Netflix investors voted 3-to-1 against hefty pay packages for top execs including co-CEOs Greg Peters and Ted Sarandos
▼ + stars: | 2023-06-09 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +3 min

Netflix shareholders on June 1 voted against pay packages for top execs totaling up to $109 million. The WGA had urged Netflix investors to reject the pay packages amid the Hollywood writers' strike. Netflix shareholders voted on June 1 by a nearly three-to-one margin against rich 2023 pay packages for the company's top executives, according to a recent company filing. Amid the ongoing Hollywood writers' strike, the Writers Guild of America had called on Netflix investors to reject this year's executive pay raises. The prelim ary results of the advisory vote were in favor of the executive pay plan, the company announced the day of the meeting.

Persons: Ted Sarandos, Greg Peters, Reed Hastings, Meredith Stiehm, Peters Organizations: Netflix, WGA, Hollywood, Morning, Writers Guild of America, Hastings, Comcast

The indictment gives the clearest picture yet of the files that Mr. Trump took with him when he left the White House. Mr. Trump is expected to appear in Federal District Court in Miami on Tuesday afternoon. Mr. Trump continued to rail against the indictment on Friday, calling it the “greatest witch hunt of all time,” in a Truth Social post. Two lawyers, James Trusty and John Rowley, have left Mr. Trump’s legal team, and will no longer represent him in the documents case. “I will be represented by Todd Blanche, Esq., and a firm to be named later,” Mr. Trump wrote on Truth Social.

Persons: Donald J, Trump, Jack Smith, “, ”, Waltine, —, Nauta, Trump’s, FVEY, Aileen M, Cannon, Judge Cannon, Biden, James, John Rowley, Todd Blanche, ” Mr, Charlie Savage, Nicholas Nehamas Organizations: White, “ United, Prosecutors, Mr, Court, General Services Administration Locations: “ United States, United States, Florida, Iran, Bedminster, N.J, U.S, Britain , New Zealand, Australia, Canada, Miami, White, Mar, Esq

☆ U.S. Congress to consider two new bills on artificial intelligence
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, June 8 (Reuters) - U.S. senators on Thursday introduced two separate bipartisan artificial intelligence bills on Thursday amid growing interest in addressing issues surrounding the technology. Lawmakers are beginning to consider what new rules might be needed because of the rise of AI. "We cannot afford to lose our competitive edge in strategic technologies like semiconductors, quantum computing, and artificial intelligence to competitors like China," Bennet said. Earlier this week, Senate Majority Leader Chuck Schumer said he had scheduled three briefings for senators on artificial intelligence, including the first classified briefing on the topic so lawmakers can be educated on the issue. read moreThe briefings include a general overview on AI, examining how to achieve American leadership on AI and a classified session on defense and intelligence issues and implications.

Persons: Gary Peters, Mike Braun, James Lankford, aren't, Braun, Michael Bennet, Mark Warner, Todd Young, Bennet, Chuck Schumer, Diane Bartz, David Shepardson, Alistair Bell Organizations: Homeland Security, Republican, Global, Thomson Locations: United States, China

☆ Telegraph faces sale after UK lender takes control of owners
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

June 7 (Reuters) - The Telegraph group of newspapers could be sold after the Bank of Scotland appointed receivers for shares of the publisher's owners who failed to repay loans by the bank, restructuring group AlixPartners said on Wednesday. No operational changes are expected for the media businesses or their employees, and "neither the Telegraph Media Group (TMG) nor The Spectator are entering administration," AlixPartners added. The Barclay family owns shares of B.UK Ltd, a holding company within the Penultimate Investment Holdings Limited (PIHL) Group that indirectly owns Telegraph Media Group Limited (TMG) and The Spectator magazine. AlixPartners said the receivers may reach a resolution which could involve the Telegraph and Spectator businesses being sold. Sky News reported on Tuesday that Lloyds was set to launch a 600 million pound ($745.4 million) auction of the Telegraph newspapers and The Spectator magazine.

Persons: AlixPartners, Alastair Beveridge, Ben Browne, Barclay, Aidan Barclay, Howard Barclay, Philip Peters, Rigel Mowatt, Gokul Pisharody, Bharat Govind Gautam, Chiara Ellsei, Chris Reese, Richard Chang Organizations: Telegraph, Bank of Scotland, Lloyds Banking Group, Telegraph Media, B.UK Ltd, Investment Holdings, Group, Telegraph Media Group, Spectator, The Spectator, Sky News, Lloyds, Thomson Locations: Bengaluru

☆ Tucker Carlson launches first episode of low-budget Twitter show after Fox News firing
▼ + stars: | 2023-06-06 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

CNN —Tucker Carlson is back — sort of. He wrapped up by declaring that U.F.O.s and extraterrestrial life are ‘actually real.’”“As of today, we’ve come to Twitter,” Carlson said in the video. Regardless, whether the Twitter show has the same influence and reach as Carlson’s one-time Fox News time slot is far from certain. Carlson faces an uphill climb if he hopes to reclaim the power he once enjoyed through Twitter videos. The first episode of “Tucker on Twitter” didn’t help.

Persons: CNN — Tucker Carlson, “ Tucker, Carlson, Katie Robertson, Jeremy Peters, Vladimir V, Putin, Volodymyr Zelensky, ” Carlson, “ We’re, Bryan Freedman, Rupert Murdoch’s, Musk, Nielsen Organizations: CNN, Elon, Twitter, Fox News Locations: Russia, Ukraine

☆ Tucker Carlson Posts First Installment of New Show on Twitter
▼ + stars: | 2023-06-06 | by ( Katie Robertson | Jeremy W. Peters | ) www.nytimes.com time to read: +1 min

Tucker Carlson, the sidelined prime-time Fox News host, on Tuesday released the first installment of what he said would be his new show on Twitter, potentially setting up a confrontation with the cable network, where he remains under contract until early 2025. The 10-minute video, Mr. Carlson’s first extended commentary since Fox took him off the air in April, was similar to a stripped-down version of what his roughly three million Fox viewers would have seen on his nightly program. There were no guests or produced segments — only a monologue from Mr. Carlson, in which he hit some familiar themes. He expressed sympathy for President Vladimir V. Putin of Russia and mocked President Volodymyr Zelensky of Ukraine. He wrapped up by declaring that U.F.O.s and extraterrestrial life are “actually real.”“As of today, we’ve come to Twitter,” Mr. Carlson said in the video.

Persons: Tucker Carlson, Carlson’s, Fox, Carlson, Vladimir V, Putin, Volodymyr Zelensky, ” Mr, “ We’re, ” Organizations: Fox News, Twitter, Fox Locations: Russia, Ukraine

☆ Netflix investors voted against rich pay packages for the company's top execs amid the ongoing Hollywood writers' strike
▼ + stars: | 2023-06-02 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +2 min

Netflix shareholders on Thursday voted against pay packages for top execs totaling up to $109 million. The WGA had urged Netflix investors to reject the pay packages amid the Hollywood writers' strike. Netflix shareholders on Thursday voted against executive pay packages totaling up $109 million for the company's top leaders, several outlets including the New York Times reported. Amid the ongoing Hollywood writers' strike, the Writers Guild of America had called on Netflix investors to reject this year's executive pay raises. Last year, only 26.9% of voted shares approved the pay packages for Netflix's top executives, which led the company to hold discussions with investors, according to the annual proxy statement.

Persons: Ted Sarandos, Greg Peters, Reed Hastings, Meredith Stiehm, Peters Organizations: Netflix, WGA, Hollywood, Morning, New York Times, Writers Guild of America, Hastings, Comcast

☆ Netflix shareholders withhold support for executive pay package
▼ + stars: | 2023-06-02 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +3 min

June 1 (Reuters) - Netflix Inc (NFLX.O) shareholders on Thursday withheld their support for the company's executive pay package, in a non-binding vote that followed a call by striking Hollywood writers to reject the proposed 2023 compensation. "While investors have long taken issue with Netflix's executive pay, the compensation structure is more egregious against the backdrop of the strike," wrote Writers Guild West President Meredith Stiehm. Netflix shareholders withheld support for the executive compensation structure for 2023, in a non-binding "say on pay" vote. Last year, the company's executive pay package won support from just 27% of the shareholder votes cast. After last year's vote, Netflix said it made changes including instituting a salary cap for its co-chief executives and a performance-based bonus plan.

Persons: Guild of America West, Meredith Stiehm, Stiehm, Reed Hastings, Ted Sarandos, Greg Peters, Peters, Ari Emanuel, David Zaslav, Dawn Chmielewski, David Gregorio, Christopher Cushing Organizations: Netflix Inc, Guild of America, Guild West, Comcast Corp, Netflix, Hollywood, Endeavor, Warner Bros Discovery, Alliance, Television Producers, SAG, Thomson Locations: Los Angeles

☆ Netflix shareholders reject sky-high executive pay packages
▼ + stars: | 2023-06-02 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

New York CNN —Netflix shareholders voted on Thursday to reject multi-million dollar pay packages for the company’s top executives including for co-CEOs Ted Sarandos and Greg Peters. Frederic J. Brown/AFP/Getty ImagesNetflix’s proposed executive pay packages for 2023 included up to $40 million for Sarandos, including base salary, a performance bonus and stock options. Netflix’s board, meanwhile, is able to disregard the results of this “say on pay” vote and approve executive compensation plans in spite of shareholder wishes. The board has already unanimously recommended voting for the pay packages. Last year, just 27% of Netflix shareholders approved of 2022 executive compensation packages.

Persons: Ted Sarandos, Greg Peters, ”, Meredith Stiehm, Frederic J . Brown, Peters, Reed Hastings, Spencer Neumann, David Hyman, Rachel Whetstone Organizations: New, New York CNN, Netflix, Writers Guild of America, Hollywood, WGA, Guild of America, Comcast, Getty, Securities and Exchange Commission Locations: New York, Hollywood , California, AFP

☆ '#CancelNetflix': Twitter users boast about ditching Netflix subscriptions amid password-sharing backlash
▼ + stars: | 2023-06-02 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Twitter users have been posting screenshots of their canceled subscriptions with the hashtag. The hashtag "CancelNetflix" is picking up steam on Twitter amid Netflix's password-sharing clampdown in the US. Another user accused the company of being "anti-family" in a tweet that accompanied a screenshot of a canceled Netflix account. Shannon Freshour, a politician in Ohio, wrote in a tweet directed at the streaming giant: "You're by far the most expensive streaming service w/o the value matching it. A survey from US firm Jefferies found that 62% of password borrowers said they would stop using the streaming service rather than purchase an account.

Persons: It's, I've, Erin Biba, Biba, they're, Imani Barbarin, Shannon Freshour, Jefferies, Greg Peters Organizations: Twitter, netflix, Netflix, Apple Locations: Ohio

☆ Meet Netflix's elite 'Lstaff' — the 25 top execs who help make the company's biggest decisions, from its push into advertising to its gaming expansion
▼ + stars: | 2023-06-02 | by ( Lucia Moses | Ashley Rodriguez | ) www.businessinsider.com time to read: +2 min

Netflix has a top team of business leaders who debate and drive the company's biggest decisions. This "Lstaff" includes co-CEOs Greg Peters and Ted Sarandos plus execs leading new areas like gaming and ads. When Netflix is faced with a big, agenda-setting decision, it convenes a special team of business heads to debate the issue at hand. This group, which numbers 25, has helped shape major company moves like its expansion into mobile games and advertising. Scroll down to read about the people on Netflix's Lstaff, listed in alphabetical order, and the perspective each brings.

Persons: Greg Peters, Ted Sarandos, —, Reed Hastings, Bela Bajaria, Scott Stuber, Kim —, Vernā Myers, Jeremi Gorman, Mike Verdu, Spencer Wang Organizations: Netflix, New Zealand Locations: Korea, Japan, Southeast Asia, Australia, New

☆ Netflix Shareholders Vote to Reject Executive Pay Packages
▼ + stars: | 2023-06-01 | by ( Nicole Sperling | ) www.nytimes.com time to read: 1 min

The NewsNetflix shareholders voted on Thursday to reject the lucrative pay packages of the company’s leaders, including the co-chief executives Ted Sarandos and Greg Peters. The vote is nonbinding and can be overruled by the company’s board of directors the next time it meets. Mr. Sarandos’s proposed pay package for 2023 would be worth up to $40 million through a combination of base salary, a performance bonus and stock options. Mr. Peters, who was named co-chief executive in January after Reed Hastings stepped down from the role, is set to receive up to $34.6 million. And Mr. Hastings, who became executive chairman, is on track to earn $3 million for the year.

Persons: Ted Sarandos, Greg Peters, Sarandos’s, Peters, Reed Hastings, Hastings Organizations: Netflix, Writers Guild of America

☆ The 5 largest mega-cap stocks are responsible for most of the rally in the S&P 500 this year - but the market can still gain if Big Tech fades
▼ + stars: | 2023-05-31 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

Apple, Nvidia, Alphabet, Microsoft and Amazon have fronted the S&P 500's advance so far in 2023. But if the rally in those mega-caps fades, the market can still post gains, said BMO Capital MarketsAlso, narrow market breadth generally "does not represent a bad omen for S&P 500 performance." In the 12 months afterward, the S&P 500 climbed an average of 22.2%. Six months out, the S&P 500 was up more than 12%, and 12 months out, it had tacked on 43.6%. "Our work shows that the S&P 500 index recorded a 13.2% annualized price return during these periods of narrowing market breadth with the only loss coming in 2001-2003," he wrote.

Persons: —, peters, ChatGPT, Brian Belski, Belski Organizations: Apple, Nvidia, Microsoft, BMO Capital Markets, Service, Amazon, BMO

☆ Pedro Pascal says he got an eye infection from fans recreating his ‘Game of Thrones’ death scene
▼ + stars: | 2023-05-29 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —When it comes to weird fan interactions, Pedro Pascal wins. During roundtable with The Hollywood Reporter, Pascal had a chat with Jeff Bridges, Kieran Culkin, Damson Idris, Michael Imperioli, and Evan Peters. Talk turned to some interesting encounters with viewers of their shows. “And then I remember getting a bit of an eye infection.”Yikes! During the fourth season of the hit HBO series, Pascal’s character is killed by Gregor “The Mountain” Clegane (played by Hafþór Júlíus Björnsson), who gouges his eyes out before cracking his skull.

☆ Netflix users slam streamer for password-sharing ban: 'I've literally never cancelled a membership so fast'
▼ + stars: | 2023-05-27 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Users have taken to social media to call for account cancellations amid the $8 charge to add extra members. On Tuesday, Netflix announced that it would no longer allow American users to share an account between households. The policy shift is a far cry from 2017, when Netflix posted a tweet in support of subscribers sharing their passwords with others, writing "Love is sharing a password." Impacted users are sharing the message that appears onscreen when an account is accessed from outside of the membership holder's home. "Like no, you're not charging me to tell me who I'm allowed to share my password with fuck Netflix."

In the month since the settlement, Fox has refused to comment in detail on the case or the many subsequent setbacks. That has left a string of unanswered questions: Why did the company not settle earlier and avoid the release of private emails and texts from executives and hosts? How did Fox’s pretrial assessment so spectacularly miss the mark? Repeatedly, Fox executives overlooked warning signs about the damage they and their network would sustain, The Times found. When pretrial rulings went against the company, Fox did not pursue a settlement in any real way.

☆ Nigerian Food and Fashion Came Together at This Dinner Party in Brooklyn
▼ + stars: | 2023-05-25 | by ( Camille Okhio | ) www.nytimes.com time to read: +1 min

In 2010, Busayo Olupona was working as a corporate finance lawyer in New York City when she began making dresses from traditional African textiles, both as a creative outlet and as a way to connect with her heritage. In 2013, she decided to turn her hobby into a business, launching Busayo, a collection of full-skirted dresses, voluminous pants and puff-sleeved tops, all produced in the country where she spent her childhood. Over the past decade, her designs have been spotted on celebrities like Lupita Nyong’o and Gwyneth Paltrow, and picked up by luxury retailers including Neiman Marcus and Moda Operandi. When she’s home in Brownsville, Brooklyn, Olupona jumps at any opportunity to host a gathering. “Nigerians love a good party,” she says, recalling childhood memories of her parents and their friends dancing to the jùjú music by Shina Peters and King Sunny Ade, dressed up in Nigerian lace and head wraps.

☆ Gap shares soar after retailer reports big improvement in margins
▼ + stars: | 2023-05-25 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

The Gap logo is displayed at a Gap store on April 25, 2023 in Los Angeles, California. On an adjusted basis, the company reported earnings of $3 million, or 1 cent per share. Shares jumped more than 15% in after-hours trading on the improvement in gross margins. In its most recent quarter, comparable sales were down 3% and store sales decreased 4% compared to last year. Gross margins increased by 5.6 percentage points year over year to 37.1%, and improved on the prior quarter, too, when margins were 33.6%.

☆ It’s Netflix’s world, rivals just stream in it
▼ + stars: | 2023-05-24 | by ( Jennifer Saba | ) www.reuters.com time to read: +9 min

Cheaper streaming options with unique programming were luring viewers, leaving Netflix in a tough spot as it raised prices. Paramount+, started in 2021, is joining forces with sister Showtime to widen its offerings. Disney, Paramount and WBD also operate cable and broadcast networks, and don’t specify what portion of the expense is allocated to streaming. Its subscribers, worth $136 a year in revenue apiece, are also more valuable than those of its rivals. Warner Bros Discovery on May 23 rebranded its streaming service as Max, which will include HBO programming along with Discovery’s reality TV shows.

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