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Insider broke down 11 top media companies with Middle Eastern backing or partnerships. Middle Eastern investment has poured into US media and entertainment, and US media companies have been eager recipients. Here's a rundown of 11 key Western media and entertainment companies, listed alphabetically, that have licensing and investment partnerships with Middle Eastern entities. Jimmy Finkelstein's news startup The Messenger has Middle Eastern funding via its acquisition of IMI-backed startup Grid, which is now shuttered. The North Road, Peter Chernin and Providence Equity's production roll-up, took a $150 million investment in January from the Qatar Investment Authority, Qatar's main investment vehicle, to support its expansion.
Persons: Peter Chernin, Jeff Zucker, Uber, Jamal Khashoggi's, Saudi Crown Prince Mohammed bin Salman, , hasn't, Mohammed bin Salman, SRMG, Abu, Abu Dhabi's, Jimmy Finkelstein's, BeIn, Stone, Ian Orefice, WBD Organizations: Providence, North, IMI, ex, CNN, Public Investment Fund, Blackstone, Washington Post, Saudi Crown, Saudi, Guardian, Media, Bloomberg Media, Saudi Research, Media Group, Media Investments, CNN Business, Abu Dhabi Media Investment Corporation, Sky News Arabia, Business, Independent, SRMG, Miramax, BeIn, Paramount, Qatar Investment Authority, Penske Media Corporation, Billboard, Variety, Penske, Vox Media, New York, Billboard Arabia, RedBird Capital, Mideast, MBC Group, MBC, Fortress Investment Group, Investment, Warner Bros Locations: Saudi Arabia, Qatar, UAE, West, Saudi, Abu Dhabi, ViacomCBS, SRMG
The tech giant is gearing up for a big 'Thursday Night Football' season with key matchups and new ad offerings. After hitting some snags with its inaugural NFL "Thursday Night Football" season on Prime Video last year, Amazon is bringing plenty of swagger to the field this year. Amazon is getting more TV ad dollars this year as the twin Hollywood strikes rage on, a top exec said. Amazon last year had also softened on its initial ask that advertisers buy the entire season's games and gave them the option to buy a portion of the games. Some advertisers were forgiving, though, given it was Amazon's first go at a live sports broadcast.
Persons: It's, Jay, Amazon's, We're, Al Michaels, Kaylee Hartung, NFL's, haven't, Kelly Metz, Marine, We'll, we'll Organizations: NFL, Football, Minnesota Vikings, Philadelphia Eagles, Toyota, Fox, ESPN, Amazon, Marine, Omnicom Media
Microsoft took down a string of embarrassing and offensive travel articles last week. The company said the articles were not published by "unsupervised AI" and blamed "human error." Last week, Microsoft took down a string of articles published by "Microsoft Travel" that included a bizarre recommendation for visitors to Ottawa to visit the Ottawa Food Bank and to "consider going into it on an empty stomach." "This article has been removed and we have identified that the issue was due to human error," a Microsoft spokesperson said. Based on the examples I found, whatever human controls Microsoft had in place were so minimal as to be functionally useless.
Persons: Paris Marx, isn't, Lucia Moses, Kai Xiang Teo Organizations: Microsoft, Morning, Ottawa Food Bank, MSN, CNET Locations: Ottawa, Montreal, Canada, Anchorage, Tokyo
Twelve of the 15 players who took part in the mutiny and ended up not making Spain's World Cup squad decided to stay silent, giving no interviews and making no mention of the Women's World Cup on their personal social media accounts. The 15 e-mails from 15 players sent to RFEF President Luis Rubiales demanded radical changes in the team's structure. PLAYERS SILENTReuters tried to contact the players through their agents, who said they will remain silent. However, Spanish agent Carlota Planas, who represents world champions Mariona Caldentey, Cata Coll and four of the players who were left behind -- Pina, Guijarro, Lola Gallardo and Leila Aouhabi -- told Reuters the revolt played a major role in Spain's World Cup success. "Without them and their bravery, surely the RFEF would not have even considered making any improvements at all," Planas said.
Persons: Spain's Misa Rodriguez, Juan Medina, Spain's, Jorge Vilda, Luis Rubiales, Ona, Mariona, Aitana Bonmati, Sandra Panos, Patri, Mapi Leon, Claudia Pina, Carlota Planas, Mariona Caldentey, Cata Coll, Pina, Guijarro, Lola Gallardo, Leila Aouhabi, Planas, Marta Diaz, Manchester United's Lucia Garcia, Diaz, Fernando Kallas, Ken Ferris Organizations: Soccer Football, FIFA, Rights, La Roja, England, Spanish FA, World, League, Reuters, BePlayer Agency, Manchester, Thomson Locations: New Zealand, Spain, Madrid, Sydney, Spanish
Jackson was clear and eased at the end, allowing Ta Lou to exactly match her 10.79 finishing time, even to the thousandth of a second. A desperate Richardson had to strain every sinew to claim third in 10.84 – which proved good enough to send her through as one of the two fastest losers. She recovered from a sluggish start to drive home, with American Tamari Davis going through alongside with 10.98. Julien Alfred of St Lucia had a scare, being given a warning card after moving in the blocks in the third heat. She then had a terrible start in the restarted race but finished well to win in 10.92.
Persons: Jamaica's Shericka Jackson, Cote D'Ivoire's Marie, Josee Ta Lou, Sha'carri Richardson, Sha'Carri Richardson, Shericka Jackson, Marie, American Richardson, Jamaican Jackson, Ta Lou, Jackson, Richardson, Jamaica's Shelly, Ann Fraser, Pryce, American Tamari Davis, Julien Alfred of St Lucia, Dina Asher, Smith, Poland's Ewa Swodoba, Mitch Phillips, Ken Ferris Organizations: Athletics Centre, Cote D'Ivoire's, American, Thomson Locations: Budapest, Hungary, BUDAPEST, American, Jamaican
After a run of acquisitions during his first tour as Disney CEO, Bob Iger is looking to shrink the company. He's looking to Disney's IP-driven parks, streaming, and film studios to drive growth. "They are our film studios, our parks business, and streaming, all of which are inextricably linked to our brands and franchises." 2024 will bring some clarity to Disney's streaming business. "The streaming business with ESPN going direct to consumer can generate a lot of subscriptions and hopefully be a positive earnings contributor.
Persons: Bob Iger, He's, Iger, Wells, Steven Cahall, MoffettNathanson's Michael Nathanson, Iger's, hasn't, Macquarie, Tim Nollen, Doug Shapiro, Shapiro, Disney, It'll, there's, Tim Cook, Eddy, Drew Angerer, Disney's, Penn, Joel Simkins, Stratechery's Ben Thompson, Thompson, — Iger, mused, signups, he's, Kevin Lansberry, I'm, Nollen Organizations: Disney, ABC, FX, Geographic, ESPN, Google, Netflix, Warner Bros, Discovery, Warner Bros . Discovery, Comcast, Marvel, Pixar, Apple, Walt Disney, Turner Broadcasting System, Apple's, Hulu, ESPN Iger, Penn Entertainment, Houlihan, Global Technology Group, LightShed Partners, Flagship Locations: Orlando , Florida, Sun
US leading indicator falls further in July
  + stars: | 2023-08-17 | by ( ) www.reuters.com   time to read: +1 min
People walk on the corner of 34th street and 8th avenue outside Pennsylvania Station in New York City, U.S., June 16, 2023. REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsWASHINGTON, Aug 17 (Reuters) - A gauge of future U.S. economic activity dropped for the 16th straight month in July, though the pace of decline slowed from earlier in the year, a survey showed on Thursday. The Conference Board said its Leading Economic Index fell 0.4% last month after declining 0.7% in June. "The leading index continues to suggest that economic activity is likely to decelerate and descend into mild contraction in the months ahead," said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board. Reporting by Lucia Mutikani; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.
Persons: Shannon Stapleton, Justyna, Monica, Lucia Mutikani, Chizu Organizations: REUTERS, Rights, Board, The Conference Board, Conference Board, Thomson Locations: New York City, U.S
The labor market is only slowing at the margin, with job gains in July being the second-smallest since December 2020. Labor market strength, excess savings accumulated during the COVID-19 pandemic and greater credit card usage to fund purchases have kept a recession at bay. Some economists saw the slight elevation as indicating a small margin of slack in the job market. The Philadelphia Fed’s business conditions index increased to a reading of 12.0 this month from -13.5 in July. A survey this week from the New York Fed showed business conditions in the “Empire State” remained depressed in August.
Persons: Shannon Stapleton, , Christopher Rupkey, Jerome Powell’s, Jeffrey Roach, Bill Adams, Daniel Silver Organizations: WASHINGTON, REUTERS, Federal, Labor Department, Reuters, Treasury, Conference, Labor, LPL Financial, Conference Board, Comerica Bank, Philadelphia Fed, New York Fed, JPMorgan Locations: New York City, U.S, New York, Ohio, California, Texas , Michigan , New Jersey, Pennsylvania, Virginia, Charlotte , North Carolina, Dallas, New Jersey, Delaware, Philadelphia,
Renata Scotto Spun an Actor’s Insight Into Vocal Gold
  + stars: | 2023-08-17 | by ( Oussama Zahr | ) www.nytimes.com   time to read: +3 min
Scotto contained multitudes, and that extended to her vocal categorization, too. Some have described her as a lyric by fach and a spinto by temperament, attributing her vocal decline — inevitable for any singer — to the irreconcilability of the two. Her Cio-Cio-San in Puccini’s “Madama Butterfly,” preserved on two studio recordings, exploits the permeable boundary among those voice types. The progress is not linear; her voice responds to hopes and doubts that the heroine continually surfaces and suppresses. Scotto’s morbidezza — her ability to inflect her middle voice with captivating softness — was arguably her most impressive quality.
Persons: Scotto, fach, , Puccini, , , Lorin Maazel, morbidezza, Verdi’s, ” Scotto, pesky, It’s, Riccardo Muti’s, Violetta, Lucia, Mimì, Desdemona Organizations: Cio Locations: Puccini’s, “ La
US housing starts surge in boost to economy
  + stars: | 2023-08-16 | by ( Lucia Mutikani | ) www.reuters.com   time to read: +7 min
The sharp rebound in groundbreaking on single-family housing units reported by the Commerce Department on Wednesday was another sign of the economy continuing to defy dire forecasts of a recession. Single-family housing starts, which account for the bulk of homebuilding, jumped 6.7% to a seasonally adjusted annual rate of 983,000 units last month. The increase in groundbreaking was led by the West, where single-family starts soared 28.5%. Overall housing starts increased 3.9% to a rate of 1.452 million units in July. TIGHT SUPPLYDespite the rise in starts, housing supply is likely to remain tight.
Persons: Mike Blake, homebuilding, Christopher Rupkey, Freddie Mac, Nancy Vanden, Daniel Silver, Goldman Sachs, Lucia Mutikani, Chizu Organizations: REUTERS, WASHINGTON, Commerce Department, Federal, National Association of Home Builders, Reuters, Oxford Economics, Treasury, Realtors, U.S, Fed, JPMorgan, Thomson Locations: San Marcos , California, U.S, New York, homebuilding, Nancy Vanden Houten, Midwest
SummaryCompanies Retail sales increase 0.7% in July; June sales revised upCore retail sales jump 1.0%; June sales revised downImport prices rebound 0.4%; down 4.4% year-on-yearWASHINGTON, Aug 15 (Reuters) - U.S. retail sales increased more than expected in July as Americans boosted online purchases and dined out more, suggesting the economy continued to expand early in the third quarter and keeping a recession at bay. Retail sales jumped 0.7% last month. Sales at food services and drinking places, the only services category in the retail sales report, shot up 1.4% after rising 0.8% in June. Excluding automobiles, gasoline, building materials and food services, retail sales surged 1.0% in July. Data for June was revised lower to show these so-called core retail sales increasing 0.5% instead of the previously reported 0.6%.
Persons: Goldman Sachs, Andrew Hunter, David Russell, Matthew Martin, Ben Ayers, Lucia Mutikani, Paul Simao Organizations: Commerce Department, Capital Economics, Retail, Reuters, Consumers, Market Intelligence, Wall, Treasury, Labor Department, Oxford Economics, delinquencies, New York Fed, Nationwide, Thomson Locations: WASHINGTON, U.S, New York, Columbus , Ohio
This Fall, Coats Have an Outsize Impact
  + stars: | 2023-08-15 | by ( Johnny Dufort | Jane How | ) www.nytimes.com   time to read: 1 min
Models: Diane Chiu at Milk Management and Rachel Marx at Premier Models. Makeup by Lucia Pica for Art Partner using Clé de Peau Beauté. Digital tech: Victor Gutierrez. Photo assistants: Alberto Gualtieri, Sasha Simpson Vanner, Abena Appiah. Hair assistants: Tom Wright, Rebecca Chang.
Persons: Diane Chiu, Rachel Marx, Gary Gill, Lucia Pica, Julia Lange, Victor Gutierrez, Alberto Gualtieri, Sasha Simpson Vanner, Abena, Tom Wright, Rebecca Chang, Kate O’Reilly, Katie Shaw, Donnika Anderson, Mariangela Orlando Organizations: Milk Management, Digital
Many view the deal as a "win-win" for ESPN, Penn, and its former partner Barstool Sports. Industry insiders say the deal could signal a potential ESPN spinoff, disrupt competition, and more. Here's what industry insiders are saying about the deal:1. FanDuel and DraftKings dominate US online sports-betting and gambling market share, followed by BetMGM, according to a July report from Macquarie that analyzed Vixio data. Industry insiders like affiliate-marketing company Gambling.com Group's Max Bichsel aren't sure about that prediction.
Persons: Barstool, Bob Iger, Penn, sportsbooks, who's, Chris Grove, Dave Portnoy, Portnoy, Fox's, Sharp, Sharp Alpha Advisor's Lloyd Danzig, Dan, Danzig, Brandon Nispel, he's, Nispel, Kimberly White, FanDuel, BetMGM, Zachary, Max Bichsel aren't, Bichsel, I'm, Grove, It's, DraftKings, let's, FuboTV, hasn't, Fox Bet, Ed Moed, Fox, Dan Wasiolek, Wasiolek Organizations: ESPN, Penn Entertainment, Penn, Barstool Sports . Industry, ESPN Bet, Investors, Acies Investments, Barstool Sports, Sharp Alpha, Disney, KeyBanc, CFRA Research, . Industry, ESPN —, Fox, Maxim Magazine, Sports, Fox Bet, Morningstar Locations: Macquarie, Canada
Lucía Vidales didn’t intend to be a painter, at least not a traditional one. When she enrolled as an undergraduate at the National Institute of Fine Arts in her native Mexico City, she thought of painting as “conservative,” she says. At the time, the artist, now 37, was working mostly with garbage and other found objects, continuing a practice she had begun as a teenager living in Hong Kong, where she attended an international high school on a scholarship: “I didn’t want to relate my work to canvas or frames.”That changed as she learned more about art history, especially the era of pintura virreinal (“viceregal painting”) that spanned Spanish colonization to Mexican independence. Vidales — who now resides in Monterrey, where she is an instructor at the University of Monterrey — says she became intrigued by the “tensions between Hispanic traditions in terms of technique, iconography and how they understood the world.” She began to wonder how her own work could relate to a cultural canon that, however fascinating, she says, “is so problematic and kind of foreign and violent.”
Persons: Lucía, , , Vidales —, University of Monterrey — Organizations: National Institute of Fine Arts, University of Monterrey Locations: Mexico City, Hong Kong, Monterrey
A far-right libertarian candidate won Argentina’s open presidential primary election on Sunday, a surprising showing for a politician who wants to adopt the U.S. dollar as Argentina’s official currency and embraces comparisons to Donald Trump. Javier Milei, 52, a congressman, economist and former television pundit, secured 30 percent of the vote with 96 percent of the ballots counted, making him the front-runner for the presidency in the fall general election. Polls had suggested that Mr. Milei’s support was at about 20 percent, and political analysts had predicted that his radical policy proposals — including abolishing the country’s central bank — would prevent him from attracting many more voters. But the vote on Sunday made clear that Mr. Milei now has a clear shot at leading Argentina, a South American nation of 46 million with some of the world’s largest reserves of oil, gas and lithium.
Persons: Donald Trump, Javier Milei, Milei Organizations: U.S, Sunday Locations: Argentina, American
Industry insiders say ESPN's deal with Penn Entertainment could signal a potential ESPN spinoff from Disney. Disney announced a $2 billion deal with casino operator Penn Entertainment to create ESPN Bet. ESPN's $2 billion Penn Entertainment deal rocked the sports-betting world — and also renewed speculation among industry insiders that Disney could spin off its media crown jewel. For ESPN, it's not as material, but it's helpful — ESPN has locked in a 10-year partner with guaranteed pay so that improves the visibility of ESPN's revenue. To be sure, some industry watchers have questioned how the deal positions ESPN's ability to catch up in the sports-betting race.
Persons: Bob Iger, Jonathan Miller, Penn, Alex Iosilevich, it's, It's, Iger, — DraftKings, sportsbooks, LightShed, Peyton Manning's, Ashley Rodriguez Organizations: Industry, Penn Entertainment, ESPN, Disney, ESPN Bet, what's, Hearst, CNBC, NFL, NBA, MLB, Integrated Media Co, Caesars Entertainment, Penn, LightShed Partners, American Gaming Association, Amazon, Comcast, Peyton Manning's Omaha Productions, Front Office Sports Locations: Saudi
Some said the downgrade to June's data meant the rise in the PPI last month was in line with expectations. In the 12 months through July, the PPI increased 0.8% after gaining 0.2% in June, boosted by a lower base of comparison last year. Excluding the volatile food and energy components, the so-called core goods prices were unchanged last month after falling 0.2% in June. In the 12 months through July, the so-called core PPI increased 2.7%, matching June's rise. As with all the July inflation data, the pick-up in the annual core PCE rate is due to unfavorable base effects.
Persons: Bill Adams, Will Compernolle, Eugenio Aleman, Raymond James, Lucia Mutikani, Andrea Ricci, Paul Simao Organizations: PPI, Labor Department, Federal Reserve, Comerica Bank, Reuters, Reuters Graphics, Treasury, Consumers, University of, CPI, Fed, Thomson Locations: August WASHINGTON, Dallas, U.S, New York, disinflation
REUTERS/Sarah SilbigerAug 10 (Reuters) - Federal Reserve policymakers are unlikely to raise interest rates again in 2023 and will probably start cutting them early next year, traders bet on Thursday, after a U.S. government report showed consumer prices rose only moderately last month. Traders of futures tied to the Fed's policy rate now see less than a 10% chance that the U.S. central bank will increase its benchmark overnight interest rate from its current 5.25%-5.50% range at a Sept. 19-20 policy meeting. The Fed's first rate cut is priced into the futures contracts by March of 2024. The Fed has driven its policy rate up by 5.25 percentage points since March 2022 to bring inflation back down to its 2% goal. "There's always a chance we get reacceleration of inflation prints after October, but I don't think that's going to spur Fed action."
Persons: Sarah Silbiger, Guy Lebas, Janney Montgomery Scott, Ann Saphir, Karen Brettell, Lucia Mutikani, Bernadette Baum, Paul Simao Organizations: Eccles Federal Reserve, Washington , D.C, REUTERS, Federal Reserve, Labor Department, Traders, Thomson Locations: Washington ,, U.S
Industry insiders say ESPN's deal with Penn Entertainment could signal a potential ESPN spinoff from Disney. Disney announced a $2 billion deal with casino operator Penn Entertainment to create ESPN Bet. ESPN's $2 billion Penn Entertainment deal rocked the sports-betting world — and also renewed speculation among industry insiders that Disney could spin off its media crown jewel. To be sure, some industry watchers have questioned how the deal positions ESPN's ability to catch up in the sports-betting race. According to the American Gaming Association, sports betting grossed $7.5 billion in gaming revenue in 2022, up 75% from 2021.
Persons: Bob Iger, Jonathan Miller, Penn, Alex Ilosevich, it's, It's, Iger, — DraftKings, sportsbooks, LightShed, Peyton Manning's, Ashley Rodriguez Organizations: Industry, Penn Entertainment, ESPN, Disney, ESPN Bet, what's, Hearst, CNBC, NFL, NBA, MLB, Integrated Media Co, Caesars Entertainment, Penn, LightShed Partners, American Gaming Association, Amazon, Comcast, Peyton Manning's Omaha Productions, Front Office Sports Locations: Saudi
An increase in prices at the pump late in the month will likely be reflected in the August inflation report. Economists polled by Reuters had forecast the CPI would rise 0.2% last month and by 3.3% on a year-on-year basis. Reuters GraphicsThe CPI report is one of two before the Fed's Sept. 19-20 policy meeting. Underlying inflation was curbed by a 0.3% drop in core goods prices, which followed a 0.1% dip in June. But with worker productivity rising, economists are optimistic that labor costs will be contained.
Persons: Jim Vondruska, Will Compernolle, Lucia Mutikani, Paul Simao Organizations: Shoppers, REUTERS, Federal Reserve, Labor Department, Fed, Reuters, Financial, Treasury, Services, Reuters Graphics Reuters, Thomson Locations: Chicago , Illinois, U.S, WASHINGTON, New York
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
Disney CEO Bob Iger said the company already has tools to track password-sharing. The company also announced another round of price increases for ad-free Disney+ and Hulu plans. And Iger has said that Disney can make more money per user from ad-supported tiers than ad-free ones, as has Netflix. Disney raised prices for Disney+ by $3 per month last year. Iger noted in May that Disney saw a "relatively small" loss of subscribers as a result of the price increase.
Persons: Bob Iger, We're, Doug Anmuth, Iger Organizations: Disney, Morning, Netflix, Hulu
For Disney, Iger's return was a doctor's-orders scenario. "What is the long game for any pure-play media company in a world where we have tech-driven media companies that are much larger than any traditional media company and have fundamentally different business models?" Will Disney sell TV assets like ABC? Industry watchers have focused on private-equity firms as likely buyers of Disney's TV assets. Are you a Disney insider?
Persons: Bob Iger, Bob Chapek, Iger, Disney, Iger's, Peter Csathy, Tom Staggs, Kevin Mayer, Csathy, they're, He's, Paul Verna, Verna, David Heger, Edward Jones, Heger, Hulu —, it's, Dave Portnoy's Barstool, Will, Evercore, Dana Walden, Alan Bergman, Puck, Disney bigwigs, Mayer, Walden, Bergman, Reed Alexander, Lucia Moses Organizations: Disney, ESPN, Walt Disney Co, Hollywood, Creative Media, Apple, PE, Candle Media, Insider Intelligence, Hulu, LightShed Partners, Penn Entertainment, ESPN Bet, Penn, Yahoo Finance, Will Disney, ABC, Geographic, CNBC, Industry, Disney's, Parks
Many view the deal as a "win-win" for ESPN, Penn, and its former partner Barstool Sports. Industry insiders say the deal could signal a potential ESPN spinoff, disrupt competition, and more. Gambling industry insiders thought Disney CEO Bob Iger might make quick work of setting a sports-betting strategy when he took back the reins of the ESPN owner late last year. Here's what industry insiders are saying about the deal:1. Industry insiders like affiliate marketing company Gambling.com's Max Bichsel aren't sure about that prediction.
Persons: Barstool, Bob Iger, Penn, sportsbooks, who's, Chris Grove, Dave Portnoy, Portnoy, Fox's, Sharp, Sharp Alpha Advisor's Lloyd Danzig, Dan, Danzig, Brandon Nispel, he's, Nispel, Kimberly White, FanDuel, BetMGM, Zachary, Gambling.com's Max Bichsel aren't, Bichsel, I'm, Grove, It's, DraftKings, let's, FuboTV, hasn't, Fox Bet, Ed Moed, Fox, Dan Wasiolek, Wasiolek Organizations: ESPN, Penn Entertainment, Penn, Barstool Sports . Industry, ESPN Bet, Investors, Acies Investments, Barstool Sports, Sharp Alpha, Disney, KeyBanc, CFRA Research, . Industry, ESPN —, Fox, Maxim Magazine, Sports, Fox Bet, Morningstar Locations: Macquarie, Canada
Digital and video content has become a nine-figure business with shows aimed at a broad audience. Building on its linear channel MotorTrend TV and DTC business MotorTrend+, it launched Warner Bros. Discovery's first free, ad-supported TV (FAST) channel last October, and it's slated to roll out its first Spanish-language FAST TV channel, MotorTrend Veloz TV, in August. Discovery formed a joint venture in 2017 of MotorTrend and its cable channel Velocity (since renamed MotorTrend TV). MotorTrend's FAST channel launch last fall on Samsung TVs coincided with Samsung launching its own automotive channel, Ride or Drive, for example.
Persons: Kevin Hart's, Hart, It's, MotorTrend, Alex Wellen, Discovery's, MotorTrend MotorTrend, jumpstart MotorTrend, Discovery, Wellen, Rob Corddry, Mike Suggett, Suggett, Kevin Hart, there's, Organizations: MotorTrend Group, Warner Bros, Automobile, Harvard Business, Discovery Communications, Scripps Networks Interactive, HGTV, Food Network, CNN Worldwide, FAST, Samsung, YouTube Locations: MotorTrend, That's
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