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☆ Verizon announces Netflix, Max streaming bundle for customers
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +1 min

The Netflix logo is shown on one of their Hollywood buildings in Los Angeles, California, U.S., July 12, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsDec 4 (Reuters) - Verizon Communications (VZ.N) said on Monday it would offer streaming subscriptions to Netflix (NFLX.O) and Warner Bros Discovery-owned (WBD.O) Max platforms as a bundle to its customers. Verizon "myPlan" subscribers can opt for the ad-supported plans for Netflix and Max for a combined $10 a month starting Thursday. It is the latest bundle Verizon has added to its "myPlan" package, which allows users to subscribe to services such as Apple Music, Walmart+, Walt Disney's streaming services, among others, each for $10 a month. Telecom providers are increasingly tying up with streaming platforms to make their plans more attractive for consumers, while streamers are looking at these partnerships as ways to attract viewers.

Persons: Mike Blake, Max, Yuvraj Malik, Shilpi Majumdar Organizations: Netflix, REUTERS, Verizon Communications, Warner Bros Discovery, Verizon, Apple Music, Walmart, Telecom, Thomson Locations: Los Angeles , California, U.S, Bengaluru

REUTERS/Siddharth Cavale/File Photo Acquire Licensing RightsDec 1 (Reuters) - Walmart (WMT.N) said on Friday it is not advertising on social media platform X, one of the latest brands to say it has dropped the Elon Musk-owned site. "We aren't advertising on X as we've found other platforms to better reach our customers," a Walmart spokesperson said. X, formerly known as Twitter, did not immediately respond to a request for comment. Earlier this month, Musk agreed with an X user who falsely claimed members of the Jewish community were stoking hatred against white people, saying the user was speaking "the actual truth." Reporting by Siddharth Cavale in New York and Sheila Dang in Dallas; Editing by Chizu Nomiyama and Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

Persons: Siddharth Cavale, Musk, Walt Disney, Sheila Dang, Chizu Nomiyama, Bill Berkrot Organizations: REUTERS, Walmart, Elon Musk, Twitter, New York Times, Apple, Warner Bros Discovery, Media, Thomson Locations: Teterboro , New Jersey, U.S, New York, Dallas

☆ Elon Musk curses out advertisers who left X over antisemitic content
▼ + stars: | 2023-11-29 | by ( Sheila Dang | ) www.reuters.com time to read: +4 min

REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsNov 29 (Reuters) - (Please note strong language in paragraphs 1 and 6)Billionaire Elon Musk told advertisers that have fled his social media platform X over antisemitic content to "Go fuck yourself" in a fiery Wednesday interview. Musk said repeatedly he was sorry for publishing a tweet on Nov. 15 that agreed with an anti-Jewish post. Musk in his post said the user, who referenced the "Great Replacement" conspiracy theory, was speaking "the actual truth." Musk's post drew condemnation from the White House for what it called an "abhorrent promotion of antisemitic and racist hate." Musk in Israel said he is against antisemitism and anything that "promotes hate and conflict" and stated that X would not promote hate speech.

Persons: Elon Musk, Porte, Gonzalo Fuentes, Billionaire Elon Musk, Musk, bristled, Bob, Robert Iger, Walt Disney, Iger, Musk's, Chuck Schumer, Schumer, Benjamin Netanyahu, Netanyahu, Joe Biden, Donald Trump, Sheila Dang, David Gaffen, Lisa Shumaker Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, REUTERS, Billionaire, New York Times, Walt, U.S, White House, Warner Bros Discovery, Comcast, Media, Israeli, Thomson Locations: Paris, France, Israel, U.S, Dallas

☆ Fact Check: Claim Whoopi Goldberg ‘tossed’ from Bill Maher’s show stems from satire
▼ + stars: | 2023-11-28 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Whoopi Goldberg has not appeared on HBO political show “Real Time with Bill Maher” since 2005, despite online posts in November taking seriously a satirical article that claims Maher “tossed” Goldberg from his show. A Nov. 26 post (archived) on social media said: “Bill Maher tosses Whoopi Goldberg off of his show: You need professional help.” A similar post (archived) was shared on Facebook. The posts share a screenshot from a satirical article titled “Bill Maher Tosses Whoopi Goldberg Off Of His Show: ‘You Need Professional Help’” published by the Dunning-Kruger Times. The article said Goldberg appeared on Maher’s show for the first time in over 15 years and that he asked her to leave within five minutes. Whoopi Goldberg has not appeared on Bill Maher’s show since 2005.

Persons: Whoopi Goldberg, Bill Maher ”, Maher “, ” Goldberg, Bill Maher, Dunning, Goldberg, ” The Dunning, Kruger, Bill Maher ” show’s, Bill Maher’s, Read Organizations: HBO, Facebook, Kruger Times, Warner Bros, Reuters, Thomson

☆ Elon Musk promises to wear symbol of Gaza hostages
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

[1/2] A screen displays photos of people who were abducted by Hamas gunmen during the October 7 attack on Israel, in Tel Aviv, Israel, November 27, 2023. Later on Monday he wrote on X: "I will wear it every day until your loved ones are released." The dog-tags, prevalent throughout Israel, mark the Oct. 7 cross-border killing spree by Hamas during which 240 people were dragged back to Gaza. The White House criticised Musk for what it called an "abhorrent promotion of antisemitic and racist hate" that "runs against our core values as Americans". Musk has said he is against antisemitism and anything that "promotes hate and conflict" and stated that X would not promote hate speech.

Persons: Athit, Elon Musk, Malki Shem, Tov, Omer Shem, Isaac Herzog, Musk, Walt Disney, Howard Goller, Nick Macfie Organizations: REUTERS, Walt, Warner Bros Discovery, Comcast, Twitter, Thomson Locations: Israel, Tel Aviv, Gaza, U.S

☆ Warner Bros Discovery boss’s payday is toast
▼ + stars: | 2023-11-27 | by ( Jennifer Saba | ) www.reuters.com time to read: +4 min

The Warner Bros Discovery (WBD.O) chief executive will have to more than double the value of the media company if he wants to collect a lavish $200 million compensation package awarded when Discovery agreed to merge with Warner Media in 2021. The news sent shares plunging 19%, the largest one-day drop since Discovery merged with Warner Media. Its current value is over $18 billion when applying Bernstein’s multiple of 8 times EBITDA. At the end of September, the company had net leverage – after deducting $2.4 billion cash – of 4.2 times EBITDA. Shares of Warner Bros Discovery fell 19% on that day.

Persons: David Zaslav, He’s, Harry Potter, Jefferies, Max, “ Barbie ”, Zaslav, David, Peter Thal Larsen, Sharon Lam Organizations: Reuters, Warner Bros Discovery, Discovery, Warner Media, HBO, CNN, Food Network, TBS, LSEG, Netflix, Reuters Graphics Reuters, HGTV, Thomson Locations: EBITDA

☆ Israel hosts wartime visit by Elon Musk, eyes Starlink for Gaza
▼ + stars: | 2023-11-27 | by ( ) www.cnbc.com time to read: +3 min

Israel hosted Elon Musk on Monday, saying it had reached an agreement in principle for using his SpaceX company's Starlink communications in the Gaza Strip, where a pause to the war against Hamas coincided with the tech entrepreneur's visit. At the time, Israeli Communications Shlomo Karhi objected, saying "Hamas will use it (Starlink) for terrorist activities." Musk has said he is against antisemitism and anything that "promotes hate and conflict" - including on X.Antisemitism and Islamophobia have risen worldwide, including during the seven-week-old Gaza war. Israel and Hamas are now in a temporary truce, with some Gaza hostages and Palestinians held by Israel for security offenses going free. Following the outbreak of the Gaza war, antisemitic incidents in the United States rose by nearly 400% from the year-earlier period, according to the Anti-Defamation League, a nonprofit organization that fights antisemitism.

Persons: Elon Musk, Benjamin Netanyahu, Isaac Herzog, Musk, Netanyahu, Communications Shlomo Karhi, Karhi, Walt Disney Organizations: Israel, Elon, SpaceX, Communications, Israeli Ministry of Communications, House, U.S, Warner Bros Discovery, Comcast, Defamation League Locations: Aza, Israel, Kfar Aza, Gaza, California, United States

☆ Elon Musk to meet Israeli president, Gaza hostage families on Monday
▼ + stars: | 2023-11-26 | by ( ) www.cnbc.com time to read: +3 min

Tech entrepreneur Elon Musk, accused by civil rights groups of amplifying anti-Jewish hatred on his X social media platform, will meet Israeli President Isaac Herzog on Monday along with Israelis whose relatives have been held by Hamas in Gaza. Herzog's office announced the meeting on Sunday night, saying, "In their meeting, the president will emphasize the need to act to combat rising antisemitism online." Musk's visit coincides with a four-day truce in an Israeli war with Palestinian Hamas militants in Gaza during which 40 of the 240 hostages Israel says have been held by Hamas have returned to Israel. Israel's Channel 12 said Musk would also meet Prime Minister Benjamin Netanyahu on Monday. Antisemitism and Islamophobia have risen in the United States and worldwide, including during the now seven-week-old war between Israel and Hamas.

Persons: Elon Musk, Isaac Herzog, Israel, Benjamin Netanyahu, Netanyahu, Musk, Netanyahu's, Walt Disney Organizations: Tech, SpaceX, Hamas, House, U.S, Warner Bros Discovery, CNBC, Comcast, Defamation League Locations: Gaza, Israel, California, Tesla's California, United States

☆ Elon Musk to meet Israeli leaders on Monday, Israel TV says
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: +4 min

[1/3] People gather to protest Israeli Prime Minister Benjamin Netanyahu's visit to California as he is scheduled to meet with entrepreneur Elon Musk, at union square in San Francisco, California, U.S. September 18, 2023. An Israeli source confirmed the visit by Musk, a billionaire who also runs Tesla (TSLA.O) and SpaceX. Musk's visit coincides with a four-day truce in an Israeli war with Palestinian Hamas militants in Gaza. During that visit, before the war, about 200 people protested efforts by Netanyahu's right-wing government to curb the powers of Israeli courts. Antisemitism and Islamophobia have risen in the United States and worldwide, including during the now seven-week-old war between Israel and Hamas.

Persons: Benjamin Netanyahu's, Elon Musk, Carlos Barria, Benjamin Netanyahu, Isaac Herzog, Netanyahu, Musk, Netanyahu's, Walt Disney, Kenneth Li, Ari Rabinovitch, Steven Scheer, Howard Goller, Lisa Shumaker Organizations: REUTERS, Rights, Monday, SpaceX, Twitter, House, U.S, Walt, Warner Bros Discovery, Comcast, Defamation League, Thomson Locations: California, San Francisco , California, U.S, Israel, Israeli, Gaza, Tesla's California, United States

☆ X may lose up to $75 mln by year-end on advertiser exodus - NYT
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +2 min

'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsNov 24 (Reuters) - Elon Musk-owned social media company X could lose as much as $75 million in advertising revenue by the end of the year as dozens of major brands pause their marketing campaigns, the New York Times reported on Friday. X said on Friday $11 million in revenue was at risk and the exact figure fluctuated as some advertisers returned to the platform and others increased spending, according to the report. The platform's U.S. ad revenue has declined at least 55% year-over-year each month since Musk's takeover, Reuters previously reported. Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlos Barria, Elon Musk, Walt Disney, Adolf Hitler, X, Musk, Samrhitha, Devika Organizations: REUTERS, New York Times, Walt, Warner Bros Discovery, Media, Apple, Oracle, Nazi, The New York Times, Microsoft, U.S, Reuters, Thomson Locations: San Francisco , California, U.S, Bengaluru

AMZN mountain 2021-01-01 Amazon's stock performance since the start of 2021. CRM mountain 2021-01-01 Salesforce's stock performance since the start of 2021. DHR mountain 2021-01-01 Danaher's stock performance since the start of 2021. DIS mountain 2021-01-01 Disney's stock performance since 2021. SWK mountain 2021-01-01 Stanley Black & Decker's stock performance since the start of 2021.

Persons: It's, Eli Lilly, Salesforce, Bob Iger's, Emerson, Lal Karsanbhai, hasn't, tanked, Laxman Narasimhan, Stanley Black, Decker, –, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Federal Reserve, Dow Jones Industrial, Nvidia, Microsoft, Linde, LIN, Broadcom, Web Services, Walt Disney, Paramount, Warner Bros Discovery, Disney, Emerson, Emerson Electric, National Instruments, Google, Honeywell, Honeywell International, Technologies, Solutions, Meta, Reality Labs, Starbucks, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, Seattle, Danaher's, China

☆ Elon Musk, under fire, threatens lawsuit against media watchdog
▼ + stars: | 2023-11-18 | by ( Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | October | ) www.reuters.com time to read: +3 min

Leon Neal/Pool via REUTERS/File Photo Acquire Licensing RightsNov 18 (Reuters) - Elon Musk threatened on Saturday to sue media watchdog Media Matters and those who attacked his social media platform X, following moves by several large U.S. companies to halt advertising on the site after being promoted alongside antisemitic content. Liberal watchdog group Media Matters for America said earlier this week that it found ads from IBM, Apple and others were placed alongside content promoting Adolf Hitler and the Nazi Party. "This week Media Matters for America posted a story that completely misrepresented the real experience on X, in another attempt to undermine freedom of speech and mislead advertisers," a statement posted by Musk said. He accused Media Matters of creating an alternative account designed to "misinform advertisers" about their posts. Media Matters did not immediately respond to an emailed request seeking comment outside of business hours.

Persons: Tesla, Elon Musk, Leon Neal, Adolf Hitler, Musk, Axios, Musk's, Mrinmay Dey, David Gaffen, Tomasz Janowski, Kirsten Donovan, Daniel Wallis Organizations: SpaceX's, Bletchley, Media, Liberal, America, IBM, Apple, Nazi Party, X Corp, Disney, Warner Bros Discovery, Comcast, Lions Gate Entertainment, Paramount Global, Defamation League, ADL, Hamas, Thomson Locations: Bletchley, Britain, United States, Israel, Palestinian, Bengaluru

☆ Elon Musk says X to file 'thermonuclear' lawsuit against media watchdog
▼ + stars: | 2023-11-18 | by ( Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | October | ) www.reuters.com time to read: +3 min

Leon Neal/Pool via REUTERS/File Photo Acquire Licensing RightsNov 18 (Reuters) - X Corp, formerly known as Twitter, will file a lawsuit against Media Matters and those who attacked social media platform X, Elon Musk said on Saturday in a post on the platform, soon after major U.S. companies paused their advertisements on the site. Liberal media watchdog group Media Matters for America earlier this week said it found that corporate advertisements by IBM, Apple, Oracle and Comcast's Xfinity were being placed alongside antisemitic content. Musk on Wednesday endorsed an antisemitic post on X that falsely claimed members of the Jewish community were stoking hatred against white people. "Media Matters created an alternate account and curated the posts and advertising appearing on the account's timeline to misinform advertisers about the placement of their posts." Media Matters did not immediately respond to an emailed request seeking comment outside of business hours.

Persons: Tesla, Elon Musk, Leon Neal, Musk, Comcast's Xfinity, Adolf Hitler, Axios, Elon Musk's, Andrew Bates, Mrinmay Dey, Tomasz Janowski, Kirsten Donovan Organizations: SpaceX's, Bletchley, X Corp, Twitter, Media, Liberal, IBM, Apple, Oracle, Nazi Party, Disney, Warner Bros Discovery, Comcast, Lions Gate Entertainment, Paramount Global, America, Palestinian, Thomson Locations: Bletchley, Britain, Israel, Bengaluru

☆ Apple, Disney, other media companies pause advertising on X after Elon Musk promoted antisemitic tweet
▼ + stars: | 2023-11-17 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +3 min

Apple CEO Tim Cook looks on following a conversation on mental health, during a spousal program on the last day of the Asia-Pacific Economic Cooperation (APEC) Leaders' Week at Apple Park in San Francisco, California, on November 17, 2023. Apple and Disney have paused online advertising campaigns on X, formerly Twitter, after owner Elon Musk said he agreed with a social media post accusing "Jewish communities" of pushing "hatred against whites," according to sources familiar with both companies' moves. Warner Bros Discovery , Paramount Global , Lions Gate Entertainment are also suspending campaigns on the social media service, spokespeople for the company confirmed. The X Out Hate group originally urged those companies to suspend their online advertising campaigns on X in September, when Musk insinuated that he would file a defamation lawsuit against the Anti-Defamation League, alleging that the ADL was "trying to kill this platform by falsely accusing it & me of being anti-Semitic." Steven Kovach and Alex Sherman contributed reportingWatch: IBM pauses advertising on X after Elon Musk receives backlash for antisemitic post.

Persons: Tim Cook, Elon Musk, Apple's, Axios, Adolf Hitler, Musk, Jonathan Greenblatt, Musk's, Andrew Bates, Steven Kovach, Alex Sherman Organizations: Apple, Economic Cooperation, APEC, Disney, Warner Bros Discovery, Paramount Global, Lions Gate Entertainment, New York Times, Media Matters, America, IBM, Bravo, Oracle, Nazi Party, Comcast, CNBC, Anti, Defamation League, ADL, Google, White House, Elon Locations: Asia, San Francisco , California

[1/2] JioCinema and Pokemon logos are pictured in this illustration taken November 15, 2023. Pokemon has spawned a global multi-billion dollar media franchise spanning trading cards, games, TV shows and movies. In total, JioCinema will add around 3,000 hours of children's content, including movies and shows from Entertainment One, Animaccord, Cartoon Network Studios and DreamWorks, the sources said. Some Pokemon content was earlier on Voot, but the new JioCinema deal is a "much larger partnership", one of the sources said. NBCUniversal told Reuters that "kids and family programming", including DreamWorks content, was part of a multi-year partnership with JioCinema announced in May.

Persons: Dado Ruvic, Mukesh Ambani, Mukesh Ambani's, Ambani, Viacom18, NBCUniversal, JioCinema, Aditya Kalra, Munsif, Miral Organizations: REUTERS, Disney, Netflix, Cartoon Network, DreamWorks, Pokemon Company, Walt Disney Co, Nintendo, Media Partners, Entertainment, Cartoon Network Studios, Reuters, Warner Bros Discovery Inc, Hollywood, Thomson Locations: DELHI, India, New Delhi, Bengaluru

☆ These high beta stocks will lead the way if the year-end comeback continues
▼ + stars: | 2023-11-16 | by ( Hakyung Kim | ) www.cnbc.com time to read: +8 min

Essentially, if the broad market index rises by 1%, the following high beta stocks could jump by 1.5% or more. The company has a beta value of 1.7 and is scheduled to report earnings on Tuesday. Essentially, if the broad market index rises by 1%, the following high beta stocks could jump by 1.5% or more. Goldman Sachs recently recommended the pullback in Devon Energy shares as a buying opportunity, citing the company's strong balance sheet as a factor. The company has a beta value of 1.7 and is scheduled to report earnings on Tuesday.

Persons: Stocks, Goldman Sachs, Wells Fargo, Gunnar Wiedenfels, Bing Guan Organizations: CNBC Pro, Dow Jones, Nasdaq, CNBC, APA Corp, APA, Devon Energy, Marathon, Marathon Oil, Nvidia, UBS, Qs, Warner Bros Discovery, Angeles Refinery, Reuters, Beta, APA APA Corp, Entertainment, Devon Energy Corp, Oil Corp, Targa Resources Corp, MGM MGM Resorts, HAL Halliburton, McMoRan, Aptiv, WYNN Wynn Resorts, Body, Semiconductor Corp, NVIDIA Corp, Zebra Technologies, Albemarle, Alaska Air Group Locations: Angeles, Carson , California, Freeport

☆ Judge narrows lawsuit over 'South Park' streaming rights
▼ + stars: | 2023-11-14 | by ( Jonathan Stempel | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

REUTERS/Alyssa Pointer/File Photo Acquire Licensing RightsNEW YORK, Nov 14 (Reuters) - A New York trial judge has narrowed Warner Bros Discovery's lawsuit against Paramount Global (PARA.O) over the rights to stream "South Park," the animated comedy featuring foul-mouthed children. She also dismissed a claim that Paramount failed to act in good faith, because that claim duplicated Warner's breach of contract claim. Warner sued in February, saying Paramount breached the agreement by providing only 14 new episodes, and diverted other new "South Park" content to its Paramount+ streaming service under a $900 million agreement with Parker and Stone. "South Park" was launched in August 1997 on Comedy Central, owned by Paramount. The case is WarnerMedia Direct LLC v Paramount Global et al, New York State Supreme Court, New York County, No.

Persons: Alyssa Pointer, Margaret Chan, Trey Parker, Matt Stone, HBO Max, Warner, Parker, Stone, countersued Warner, Jonathan Stempel, Franklin Paul Organizations: Warner Bros . Discovery Atlanta, REUTERS, Warner Bros, Paramount Global, Paramount, HBO, Comedy Central, New York, Court, Franklin Paul Our, Thomson Locations: Atlanta , Georgia, U.S, York, Manhattan, New, Court , New York County, New York

☆ Ad tech firm Trade Desk sinks as auto, Hollywood strikes hit forecast
▼ + stars: | 2023-11-10 | by ( Samrhitha A | ) www.reuters.com time to read: +2 min

Nov 10 (Reuters) - Shares of advertising tech firm Trade Desk (TTD.O) plunged 19% on Friday following a quarterly revenue forecast dented by a slowdown in spending from labor strike-hit automakers and media companies. Trade Desk has what it calls "a marketplace" of more than 200 companies, including ESPN, Hulu and Fox, where advertisers can choose to show their ads. The company also caters to brands such as Warner Bros Discovery (WBD.O), which warned this week the sluggishness in advertising trends could continue into the next year. Trade Desk expects fourth-quarter revenue of at least $580 million, which was $30 million lower than estimates, according to LSEG data. "We appreciate the near-term conservatism and think that Trade Desk sits in a unique position to deliver defensibility in a deteriorating macro but also growth in an improving one," RBC Capital Markets analysts said.

Persons: Piper Sandler, Jeff Green, Samrhitha, Sriraj Organizations: Google, ESPN, Hulu, Fox, Warner Bros Discovery, Trade, RBC Capital Markets, Thomson Locations: Alphabet's, Bengaluru

☆ Morning Bid: Oil and bond yields try to find toehold
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +4 min

The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. The supply picture for U.S. crude, which is now down more than 20% from late September's peaks, has also weighed on energy prices. Crude inventories increased by 11.9 million barrels over the week to Nov. 3, sources said, citing American Petroleum Institute figures. With senior Fed officials on Wednesday side-stepping guidance on the central bank's next policy steps, attention focuses squarely on Powell's latest speech. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Carlo Allegri, Mike Dolan, Jerome Powell's, Powell, Jerome Powell, Thomas Barkin, Raphael Bostic, Kathleen O'Neill Paese, Christine Lagarde, Janet Yellen, Becton Dickinson, Emelia Sithole Organizations: New York Stock, REUTERS, Federal, American Petroleum Institute, Walt Disney, ABC, Warner Bros Discovery, Richmond Fed, Atlanta Fed, Louis Interim, European Central Bank, . Treasury, News Corp, Wynn Resorts, U.S, Treasury, Thomson, Reuters Locations: Manhattan, New York City , New York, U.S, Europe, Shanghai, Hong Kong, Washington, St, Brussels, Mettler, Toledo, TransDigm

Actors secured these new safeguards as part of a deal announced late on Wednesday, according to Duncan Crabtree-Ireland, chief negotiator for the SAG-AFTRA actors union. The proposed agreement sets a minimum compensation level for AI uses, Crabtree-Ireland said. Crabtree-Ireland said the proposed contract also included safeguards around the use of generative AI to create synthetic actors. "They are being ultra cautious," said Scott Mann, co-CEO and founder of Flawless, a company that uses AI for film dubbing and editing. Film and television writers also won protections around AI use after a five-month-long strike by the Writers Guild of America this year.

Persons: Duncan Crabtree, Carlos Osorio, Crabtree, Walt Disney, Scott Mann, Dawn Chmielewski, Lisa Richwine, Mary Milliken, Bill Berkrot Organizations: National, SAG, The, Toronto, Film, REUTERS, Actors, Reuters, Alliance, Television Producers, Walt, Warner Bros Discovery, Netflix, Technology, Writers Guild of America, Thomson Locations: Ireland, Toronto , Ontario, Canada, Crabtree, Hollywood, Los Angeles

☆ Netflix, Warner Bros partner with Verizon to offer discounted streaming bundle - source
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsNov 9 (Reuters) - Verizon (VZ.N) is planning to offer the ad-supported versions of Netflix (NFLX.O) and Warner Bros Discovery's (WBD.O) Max streaming services for about $10 a month combined instead of about $17, according to a source familiar with the matter. The discounted bundle is expected to be announced in the coming weeks, the source added. Netflix and Warner Bros will have to share revenue with Verizon, the source said. Verizon and Warner Bros Discovery did not immediately respond to Reuters' requests for a comment. Netflix launched its ad-supported tier late last year, and it increased the prices for its premium ad-free tier in October 2023.

Persons: Lucy Nicholson, Zaheer Kachwala, Shilpi Majumdar Organizations: Netflix, REUTERS, Verizon, Warner Bros, Reuters, Street Journal, Thomson Locations: Hollywood, Los Angeles , California, U.S, Bengaluru

☆ Big media rallies as tentative actors' deal paves way for restarting productions
▼ + stars: | 2023-11-09 | by ( Samrhitha A | ) www.reuters.com time to read: +2 min

Warner Bros Discovery (WBD.O) and Paramount Global (PARA.O) gained 3% each, Netflix (NFLX.O) rose marginally, while Walt Disney (DIS.N) jumped 4%, as it also benefited from strong earnings and a plan to cut more costs. The writers, who had gone on strike before the actors in spring, returned to work in late September, but most productions remained halted as the actors were on picket lines. "Its certainly a very encouraging sign the chasm that opened up between actors, writers and studios can finally be closed and work begin in earnest on re-starting productions," said Susannah Streeter, head of money and markets at Hargreaves Lansdown. Streeter warned that "it's going to take considerable time before new movies, in particular, will appear on screens given the lengthy post-production process." Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Alyssa Pointer, Walt Disney, Susannah Streeter, Hargreaves Lansdown, Streeter, Samrhitha, Shinjini Organizations: Warner Bros . Discovery, Writers Guild of America, Alliance of Motion Pictures, Television Producers, REUTERS, Warner Bros Discovery, Paramount Global, Netflix, SAG, Hargreaves, Thomson Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, Hollywood, Bengaluru

☆ S&P 500, Nasdaq barely extend win streaks as investors eye yields, Fed comments
▼ + stars: | 2023-11-08 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +4 min

That drop has helped fuel a stock rally that has given the S&P 500 (.SPX) and the Nasdaq (.IXIC) their longest streak of gains in two years through Wednesday's close at eight and nine sessions, respectively. Still, comments from several central bank officials over the past few days left the door open for additional hikes, causing some uncertainty among investors. The Dow Jones Industrial Average (.DJI) fell 40.33 points, or 0.12%, to 34,112.27; the S&P 500 (.SPX) gained 4.40 points, or 0.10 %, at 4,382.78; and the Nasdaq Composite (.IXIC) added 10.56 points, or 0.08 %, at 13,650.41. Declining issues outnumbered advancers by a 1.3-to-1 ratio on the NYSE while on the Nasdaq declining issues outnumbered advancers by a 1.7-to-1 ratio on the Nasdaq. The S&P 500 posted 17 new 52-week highs and eight new lows while the Nasdaq recorded 53 new highs and 206 new lows.

Persons: Eli Lilly, Dow, we're, Jason Ware, Brendan McDermid, Jerome Powell, Chuck Mikolajczak, Richard Chang Organizations: Warner Bros, Nasdaq, Federal, Treasury, Albion Financial, Dow Jones, New York Stock Exchange, REUTERS, U.S . Food, Drug Administration, Warner Bros Discovery, Paramount Global, Thomson Locations: New York City, U.S

Toy figures of people are seen in front of the displayed Disney + logo, in this illustration taken January 20, 2022. For the fiscal fourth quarter ended Sept. 30, Disney reported adjusted per-share earnings of 82 cents, topping an average forecast of 70 cents, according to LSEG data. The company said it added nearly 7 million Disney+ streaming subscribers in the quarter, with the inclusion of "Guardians of the Galaxy Vol. Disney+ and Disney+ Hotstar together boast 150.2 million subscribers, ahead of Visible Alpha's estimate of 147.4 million. "Our results this quarter reflect the significant progress we've made over the past year," Iger said in a statement.

Persons: Dado Ruvic, Walt Disney, Bob, Kevin Lansberry, Iger, Disney, Nelson Peltz, Trian, Paolo Pescatore, Paul Verna, Verna, We've, Dawn Chmielewski, Lisa Richwine, Chavi Mehta, Peter Henderson, Sayantani Ghosh, Matthew Lewis Organizations: REUTERS, ABC, Disney, Guardians, Trian, Management, Warner Bros Discovery, SAG, Insider Intelligence, Hulu, ESPN, Shanghai Disney, Walt Disney, Disney's Entertainment, Star, Big Ten, Thomson Locations: Shanghai, Hong Kong, Florida, India, Los Angeles, Bengaluru

☆ Wall St little changed as investors eye yields, Fed comments
▼ + stars: | 2023-11-08 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +3 min

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. U.S. Treasury yields have retreated sharply from their recent highs. That drop has helped fuel a rally in stocks, sending the S&P 500 (.SPX) and the Nasdaq (.IXIC) to their longest streak of gains in two years through Tuesday's close. Still, comments from several central bank officials over the past few days left the door open for additional hikes, causing some uncertainty among investors. The S&P 500 posted 15 new 52-week highs and five new lows while the Nasdaq recorded 52 new highs and 173 new lows.

Persons: Brendan McDermid, we're, Jason Ware, Jerome Powell, Chuck Mikolajczak, Richard Chang Organizations: New York Stock Exchange, REUTERS, Warner Bros, Dow, Nasdaq, Federal, Treasury, Fed, Albion Financial, Dow Jones, Warner Bros Discovery, Paramount Global, Tech, Thomson Locations: New York City, U.S, Tuesday's

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