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Broadcom – JPMorgan reinstated coverage on Broadcom , also a Club stock, following a period of restrictions. Jim said of Broadcom: "Those who don't own this stock, I'd still buy it." "Gross margins are really good. "They are really cyber terror. They are actually terror," Jim said, meaning Palantir focuses its big data protection against cyber terrorists.
Persons: Rich Galanti, Gary, Millerchip, Rich, Jim Cramer, Cramer, Jim, Palantir, DocuSign Organizations: Costco, Kroger, CNBC, Club, Broadcom, JPMorgan, Computer, Spotify, Palo
AdvertisementA paper entrepreneur has faced backlash and seen his company's reviews tank after he left critical comments on an influencer's Instagram page using his official business account. "Must be a tough life living life on easy mode," it said. She then assumed it had been hacked, so she emailed the company's CEO, Brandon Howard, to let him know. #fypp ♬ Aesthetic - Tollan KimAccording to Sudan, Howard responded to her email, but not in the way she expected. Sudan told BI since her final video, Howard has tried to remediate the situation through her own workplace by reaching out to her boss.
Persons: influencer, , she'd, Brandon Howard, Kim, Howard, I've Organizations: Service, Business, Company, BI Locations: Sudan, ParchmentPaper.com, California
The world's second-largest economy has "very good potential" for Costco expansion, CFO Rich Galanti told CNBC. In an interview with Galanti, the warehouse club's numbers cruncher gave CNBC a glimpse at Costco's longer-term expansion plans. Costco plans to open one more China location this calendar year after the debut earlier this month of the store in the southern Chinese city of Shenzhen. Costco's international segment "continues to grow as a percent of the store base," he told CNBC. Shoppers queue in the parking lot to enter the Costco Wholesale Corp. store in Shenzhen, China, on Sunday, Jan. 14, 2024.
Persons: Rich Galanti, Galanti, Craig Jelinek, Jim Cramer, We've, Jelinek didn't, Ron Vachris, signups, Phillip Blee, William Blair, Blee, cardholders, Corey Tarlowe, Tarlowe, Michael Baker, Davidson, Kirkland, bode, Jim Cramer's, Jim, Qilal Shen Organizations: Costco, CNBC, cruncher, Disney, Jefferies, D.A, Kirkland, Tarlowe, Shoppers, Costco Wholesale Corp, Bloomberg, Getty Locations: Shenzhen, China, Canada, North America, United States, Mexico, South America, Shanghai, U.S,
CNN —NBCUniversal’s high-stakes decision to exclusively air the NFL’s AFC Wild Card playoff game between the Miami Dolphins and Kansas City Chiefs on its streaming service Peacock drove record signups to the platform, a digital analytics firm said Wednesday. In the three days leading up to the January 13 kickoff in Kansas City, Peacock saw 2.8 million sign-ups, Antenna reported on Wednesday, citing preliminary data. Prior to the game, Peacock reached roughly 30 million subscribers, a significantly smaller number than CNN parent company Warner Bros. Discovery’s 95 million Max subscribers and Netflix’s 260 million global subscribers. Though it remains unclear just how many of the 2.8 million new subscribers will retain their Peacock service beyond the playoff game, the announcement comes as other streamers also appear to be getting serious about sports. Netflix on Tuesday announced it will stream WWE’s “Raw” beginning in 2025, the company’s biggest foray yet into live sports.
Persons: Peacock, signups, NBCUniversal Organizations: CNN, AFC, Miami Dolphins, Kansas City Chiefs, Disney, NFL, Warner Bros, Dolphins, Chiefs, Netflix, Amazon’s, Bally Sports, Diamond Sports Group Locations: Kansas City
Read previewEarlier this month, NBC Universal said the NFL playoff game it streamed (mostly) exclusively on Peacock, its streaming service, was a huge success. Crucially, it didn't say how many people signed up (and paid for) Peacock to watch the game. Now we (probably) know: Peacock signed up nearly 3 million subscribers for the game. That's according to subscription tracking service Antenna, which says 2.8 million people signed up over a three-day window leading up to the January 13 game. (It says Disney+ signed up 2.5 million people on its launch day in 2019, though Disney announced 10 million signups.
Persons: , Peacock, Taylor Swift, Travis Kelce Organizations: Service, NBC Universal, NFL, Business, NBC, Comcast, Disney
The total for the latest open enrollment period marks a 30% increase from a year ago, based on past enrollment figures published by the health policy research organization KFF. Officials said the figures include 5 million new signups and more than 16 million people with 2023 ACA plan coverage. West Virginia, which has expanded Medicaid, saw the largest percentage increase in enrollment at 80%. “Marketplace coverage is very important to those in those states whose incomes are under 138% of poverty,” says Sara Collins, vice president for health care coverage and access and tracking health system performance for The Commonwealth Fund. “It is a reflection of the lack of Medicaid expansion in those states.”An analysis by KFF notes ACA health plan enrollment has increased each year during the Biden administration.
Persons: It’s, Xavier Becerra, , , Sara Collins, KFF, Biden, Donald Trump, Trump, Cynthia Cox, Cox, signups, ” Cox, Collins, ” Collin Organizations: Biden, , Social Security, Affordable, ” Department of Health, Human Services, District of Columbia, Commonwealth Fund, American Locations: Texas, enrollees, Florida, West Virginia, signups
Netflix, which is in a quiet period ahead of earnings, declined CNN’s request for comment. In November, Netflix aired its first-ever live sports event, and its third-ever foray into live programming, called “The Netflix Cup,” a crossover competition between Formula 1 drivers and professional golfers. “We are investing heavily in increasing our live capabilities,” Netflix’s co-CEO Ted Sarandos said on the company’s earnings call in October. Next, Netflix plans to experiment with a new type of live programming: award shows. But even before the announcement, the number of shows and original programming Netflix churned out had already hit its peak, according to data analyzed by MoffettNathanson.
Persons: ’ ”, Jessica Reif Ehrlich, Reed Hastings, Amy Reinhard, Netflix’s, Reif Ehrlich, Philip Pacheco, ” Netflix’s, Ted Sarandos, Greg Peters, ” Peters, Matthew Harrigan, , Scott Stuber, Max, Peacock, MoffettNathanson, Harrigan, ” Harrigan Organizations: Los Angeles CNN, Netflix, Warner Bros, Bank of America, Guild of America, Netflix Inc, Bloomberg, Getty, Formula, Theft, Amazon, Hulu, Disney, Paramount Locations: Hollywood, FactSet
Co-CEO Greg Peters said unlike Amazon, where ads will be the default, Netflix didn't 'force' people to see ads. AdvertisementNetflix just took a swipe at Amazon as the ecommerce giant prepares to launch ads in Prime Video starting next week, taking on Netflix for advertising dollars. Now, Netflix is about to face a heavy-hitting new competitor for ad dollars in Amazon, which will launch ads on Prime Video starting January 29. The ecommerce giant will offer much more scale than Netflix from the get-go because it's making ads the default for 115 million monthly users. Peters didn't have to make an explicit comparison with Prime Video to make the point.
Persons: Greg Peters, , it's, Peters, We've Organizations: Netflix, Amazon, Service
Hollywood stakeholders and analysts alike have declared Netflix the winner of the streaming wars — but the celebration may be short-lived as streaming enters a new phase. Analysts can't say for sure how much more subscriber growth Netflix can add through its cheaper ad tier and password-sharing crackdown, though. Plus, Netflix is about to face big competition for ad dollars from Amazon, which will launch ads on Prime Video starting January 29. Also, Big Tech's ability to fund their streaming services indefinitely could keep subscription prices depressed for Netflix, along with everyone else, Bernstein noted. But now that the strikes are over, some analysts predict Netflix will face a bigger content bill going forward.
Persons: Scott Stuber, Forrester, Mike Proulx, Brian Wieser, Evercore, Peacock, Oscar, Ted Sarandos, Netflix isn't, Gen, Bernstein, Jason Bazinet Organizations: Netflix, Business, Disney, Macquarie Research, Paramount, Citigroup Locations: Canada, North America
Apple has started selling accessories for its new Vision Pro mixed reality headset. AdvertisementThe Apple Vision Pro just got a little more expensive, thanks to a new line of accessories. Pre-orders for the Vision Pro began the same day, with delivery already backed up at least into March. An extra light seal, which blocks out light and helps the Vision Pro better fit your face, goes for $199. Add these up, and the cost for the Vision Pro and some accessories could easily exceed $4,000.
Persons: , Apple, Signups Organizations: Apple, Service, Vision, Vision Pro, Belkin, Bloomberg
Accounts on Threads were also established for the first lady and second gentleman as well as for the White House itself. White House officials repeatedly rebuked Musk for what they called "anti-semitic rhetoric" on X over the last week. Several major advertisers including Apple and Disney subsequently paused their spending on X. Musk defended himself on Sunday, without apologizing or rescinding his statements. The White House said in a statement to CNBC that the launch of the new Threads accounts "has been in process for several weeks." Here's what Biden said in his first post on Threads:"Folks, it's President Biden.
Persons: Joe Biden, Andres Manuel Lopez Obrador, Kamala Harris, Elon Musk's, Musk, Adam Mosseri, Biden, it's, hasn't Organizations: Economic Cooperation, Elon, Defamation League, White House, Apple, Disney, Twitter, CNBC, America Locations: Asia, San Francisco , California, U.S, White, America, China
OpenAI boss Sam Altman said on Wednesday that the company would pause new ChatGPT Plus signups. Some users have responded by listing ChatGPT Plus account details on eBay. AdvertisementChatGPT Plus subscriptions are cropping up on eBay after Sam Altman said the company was pausing new signups due to a surge in demand. "We are pausing new ChatGPT Plus sign-ups for a bit," the OpenAI boss said in a post on X . The AI startup has rapidly become one of Silicon Valley's biggest cash cows , thanks to the stratospheric rise of ChatGPT and new paid tiers like ChatGPT Plus, which the company announced in February .
Persons: Sam Altman, Altman, , OpenAI's, OpenAI Organizations: eBay, Service, Business Locations: San Francisco
Last quarter, Disney’s linear television revenue continued to slip, declining 7% compared to the same quarter last year. Disney World angstIt may not be all bad news for Disney, though. However, Disney World Resort in Florida has struggled with declining attendance in recent months. Over the summer, Disney World parkgoers experienced shorter-than-expected ride wait times and fewer crowds. Nearly one year ago, Iger unexpectedly came out of retirement to take over the role of Disney CEO once again after the board unexpectedly fired his successor, Bob Chapek.
Persons: Ron DeSantis, Bob Iger, Hugh Johnston, Christine McCarthy, Iger, ” Iger, I’ve, expansively, Indiana Jones, Reynaud Julien, Bank of America’s Jessica Reif Ehrlich, Ehrlich, Jason Bazinet, Disney, Disney isn’t, , Vijay Jayant, underperformance, Bob Chapek, Johnston Organizations: Los Angeles CNN, Disney, Republican, Gov, Warner Bros, CNN, Media, YouTube, ESPN, Wall Street, PepsiCo, ABC, Disney Channel, Geographic, , Destiny, Cannes Film, APS, Bank of America’s, Citigroup, Shanghai Disney Resort, Hong Kong Disneyland Locations: Florida, Refinitiv, Cannes, France, Canada, Hulu, Shanghai, Hong, Central Florida
Tesla is giving 11,000 staff at its Berlin Gigafactory a 4% pay rise, per the WSJ. Tesla workers in Sweden are already on strike, while the UAW wants to recruit members. AdvertisementAdvertisementTesla is giving workers at its Berlin Gigafactory a pay rise as unions eye the EV manufacturer, The Wall Street Journal reported. But the pay rise also comes at a shaky time for Tesla management. AdvertisementAdvertisementLast month, IG Metall said union signups from Tesla workers had surged, and accused the company of failing to follow health and safety protocol.
Persons: Tesla, , Elon Musk's, Rishi Sunak, IG, Metall, Shawn Fain Organizations: UAW, Service, Street Journal, The, AI, British, Reuters, Germany's, United Auto Workers, Detroit, General Motors . ", Tesla, Toyota, Honda, CNBC Locations: Berlin, Sweden
A Swedish union is leading strikes against Tesla to secure a collective labor agreement. AdvertisementAdvertisementTesla is facing growing strike action in Sweden over its refusal to accept a collective labor agreement. Not all Tesla employees are participating in the strikes, however. Musk has consistently rejected calls for his staff to unionise, tweeting in 2018 that Tesla employees could lose their stock options if they did so. The factory has reportedly seen an unusually high number of work-related accidents and IG Metall says union signups among Tesla workers have surged.
Persons: Tesla, , Elon Musk's, Musk, Elon, Christiane Benner, Metall, Benner Organizations: Service, IF Metall, Tesla, The New York Times, Metall, UAW, Bloomberg, United Auto Workers Locations: Sweden, Swedish, tweeting, Europe, Berlin
Paramount summits a precarious streaming peak
  + stars: | 2023-11-03 | by ( ) www.reuters.com   time to read: +2 min
Toy figures of people are seen in front of the displayed Paramount + logo, in this illustration taken January 20, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNEW YORK, Nov 3 (Reuters Breakingviews) - Paramount Global (PARA.O) says it’s reached the peak of its pain from investing in costly streaming. Crucially, boss Bob Bakish indicated that investment in streaming has topped out ahead of schedule, helping to send shares up 10%. Turning around streaming losses is existential for old-guard media empires navigating the slow dwindling of cable and broadcast. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Dado Ruvic, it’s, Bob Bakish, Bakish, Walt Disney, Disney’s, Nielsen, Bakish’s, Jennifer Saba, Aston Martin, Jonathan Guilford, Aditya Sriwatsav Organizations: REUTERS, Reuters, Paramount, Yellowstone, Netflix, YouTube, Disney’s Hulu, Macquarie, Pfizer, Thomson
Netflix's ad tier reaches 15 million users a year after launch
  + stars: | 2023-11-01 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsNov 1 (Reuters) - Netflix (NFLX.O) said on Wednesday its ad-supported tier had reached 15 million active users per month, a year after the streaming giant launched the cheaper plan to revive subscriber growth and revenue following a slowdown. Netflix increased subscription prices for some streaming plans in the United States, Britain and France last month, after its third-quarter subscriber additions of 9 million shattered Wall Street expectations of 6 million. A month after Netflix's ad-plan launch last year, rival Disney+ also rolled out its ad version in an attempt to push its streaming business into profitability. Amazon's (AMZN.O) Prime Video will next year join its streaming rivals in rolling out ads and introducing a higher-priced ad-free tier. In countries where the ad plan was available, 30% of the signups were from the ad-tier.
Persons: Dado, HBO Max, Peacock, Samrhitha, Devika Organizations: Netflix, REUTERS, Disney, HBO, Paramount, Thomson Locations: United States, Britain, France, Bengaluru
In a Thursday blog post, CEO Linda Yaccarino ignored all the chaos and said X's "future is bright." User numbers are reportedly down, regulators are probing the platform over disinformation, and competitors have popped up around every corner. AdvertisementAdvertisementX's CEO Linda Yaccarino also made headlines in September after giving a car-crash interview, where she seemed not to have a grasp on precise user numbers and couldn't answer questions about a paywall. Yaccarino also flagged the platform's user numbers as a point of success, pointing to new signups and time spent on the platform as potential indicators. Representatives for X and Yaccarino did not immediately respond to Insider's request for comment, made outside normal working hours.
Persons: It's, Elon Musk, Linda Yaccarino, , Yaccarino, X Organizations: Elon, Twitter, Service, Ebiquity, Wall Street
The objections focused on the difficulty of achieving elite status and new restrictions on entering airport lounges. In simplifying the path to status, Delta sharply raised spending requirements for each SkyMiles level. The September proposal created a backlash among Delta customers on social media, with some threatening to switch to other airlines. JetBlue and Alaska Airlines tried to poach Delta's best customers by offering to match elite status for anyone leaving the Delta loyalty program. Southwest Airlines announced that next year it will make it easier to qualify for the top levels of its frequent-flyer program.
Persons: Ed Bastian, , what’s, Delta, ” Bastian, poach, Henry Harteveldt, , Bastian, Delta “ Organizations: Delta Air Lines, Delta, Diamond, JetBlue, Alaska Airlines, Southwest Airlines, Flyers, Atmosphere Research, American Express Locations: Atlanta
From cracking down on password sharing to rolling out new gaming options, Netflix has been making plenty of noteworthy moves lately. In late May, Netflix began alerting subscribers that they would only be able to share their accounts with people who lived with them. Following the new policy rollout in May, average daily signups surged by 102%, according to Antenna. And the streaming giant says it added 8.76 million global subscribers during its 2023 fiscal third-quarter. And some of those new subscribers may soon be able to stream games on their Netflix accounts.
Organizations: Netflix Locations: U.S
The Apple-Disney deal that could actually happen
  + stars: | 2023-09-21 | by ( Lucia Moses | ) www.businessinsider.com   time to read: +5 min
And Apple has long been seen by some analysts as the most obvious acquirer of all or part of Disney. Iger said he considers the studio, streaming, and parks businesses (where the company recently set plans to invest $60 billion over the next decade) to have the most value. It would be hard to imagine operating the parks or streaming businesses without owning the popular franchises that fuel them. Ives envisions a deal where Apple pays for exclusive access to ESPN content and game broadcasts, with an acquisition following down the road. I believe it's a matter of not if, but when Apple buys ESPN."
Persons: Bob Iger, Steve Jobs, Tim Cook, Biden, that's, Gregg Abella, Iger, David Rogers, Apple, it's, Dan Ives, Cook, Ives Organizations: Disney, ABC, FX, Geographic, ESPN, Apple, Pixar, Jobs, Apple's, Investment Partners, Management, Star, Marvel, Columbia University, Verizon, MLS, Messi, Insider, Wedbush Securities, Google
An Amazon worker moves boxes on Amazon Prime Day in the East Village of New York City, July 11, 2023. The Federal Trade Commission on Wednesday updated its complaint against Amazon for its "deceptive" Prime sign-up and cancellation processes, adding three senior executives as defendants. Top Amazon executives overseeing Prime downplayed employee concerns about members of the popular subscription program being enrolled without their consent, the amended complaint alleges. Subscription services revenue, which includes Prime memberships, totaled $9.8 billion in Amazon's most recent quarterly earnings report. Amazon executives and employees met in 2018 about "Project Lucent," where the primary objective was to discuss "how many Prime signups [is] Amazon .
Persons: Russell Grandinetti, Jamil Ghani, Neil Lindsay, Grandinetti, Lindsay, Andy Jassy's, Ghani, Tim Doyle, Doyle, Mark Zuckerberg, Meta, Zuckerberg Organizations: Amazon, Federal Trade Commission, Top Amazon, Lucent, FTC Locations: East, New York City, Amazon's, Arlington , Virginia
New York CNN —Soccer superstar Leo Messi’s arrival in America has sparked a surge in ticket prices, apparel and now, streaming subscriptions. MLS Season Pass, which is Apple’s streaming package that broadcasts the soccer matches, experienced 1,690% growth in sign-ups the day Messi first played for his new team Inter Miami, according to analytics firm Antenna. Newly released data shows that the streaming package had about 6,000 subscription sign-ups the day before, but that soared to 110,000 sign-ups on his July 21 debut in the Leagues Cup. But nearly half of MLS Season Pass sign-ups to date happened in July after Messi joined the league, showing the surge in interest that Messi brought to Major League Soccer. That isn’t a surprise since his deal with Inter Miami includes a cut of the revenue from new subscribers of MLS Season Pass, according to multiple reports.
Persons: Leo Messi’s, Messi, Ted Lasso, Eddy, Tim Cook, ” Messi, signups, Apple, , ” David Rumsey, he’s, Organizations: New, New York CNN — Soccer, Inter Miami, Leagues, Major League Soccer, Apple, MLS, Front Office Sports, CNN Locations: New York, America
Amazon and Shopify announced a new Buy with Prime app for Shopify on Wednesday. Buy with Prime let merchants offer Prime benefits, such as fast shipping and free delivery, on websites beyond Amazon.com. Amazon had no choice but to let Shopify merchants view Buy with Prime-related metrics on its own backend console, not within the unified Shopify Admin tool, according to the internal Amazon document from April. If Buy with Prime data wasn't smoothly integrated into Shopify Admin, Shopify merchants might not use the Amazon feature much. Constant delaysThe internal Amazon document described a Shopify-native Buy with Prime app as a "flagship" goal for Amazon's top leadership because it would make Buy with Prime more appealing to Shopify merchants.
Persons: Shopify, Santos Jeff Bezos Kevin Mazur, Jeff Bezos, Tobi Lütke David Fitzgerald, Sportsfile, Harley Finkelstein, Finkelstein, Mark William Lewis, Andy Jassy, they've Organizations: Amazon, Amazon.com, Prime, Project Santos, Getty, Amazon Logistics, Netalico Commerce, Web, Associated
Netflix has drafted another top Snap alum to help build the streamer's new ads tier. David Roter joined from Snap, where he worked with now-Netflix ad leaders Jeremi Gorman and Peter Naylor. Netflix has drafted another top Snap alum to help build the streamer's new ads tier. David Roter has followed fellow Snap alums Jeremi Gorman and Peter Naylor to the streamer. The streamer conceded in its last earnings call that its ad business is still small but that it sees the business eventually generating 10% of revenue.
Persons: David Roter, Jeremi Gorman, Peter Naylor, Roter, Naylor, Gorman, It's, execs Organizations: Netflix, Global Agency, Brand, Twitter, ESPN
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