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The Putin regime has leaned heavily on propaganda to rally support for its war in Ukraine. In doing so, it has come to rely on military bloggers to spread its message and back its efforts. Milbloggers also have become an indispensable tool for Western governments, think tanks, and media to track the Russian war effort. But the relationship between Putin and milbloggers illustrates the complexities of social media in an authoritarian state. Many milbloggers are ultra-nationalists with deep ties to the Russian military and intelligence agencies.
Persons: Putin, Vladimir Putin's, , Donald Jensen, Angel Howard, Milblogs, aren't, Milbloggers, DOMINIQUE FAGET, It's, Ramzan Kadyrov, milbloggers, Jensen, Howard, Igor Girkin, Girkin, Andrey Kurshin, Maxim Shemetov, Russia's, Michael Peck Organizations: Service, Kyiv Independent, Getty, REUTERS, Putin's, Kremlin, Defense, Foreign Policy, Twitter, LinkedIn Locations: Ukraine, Wall, Silicon, Kyiv, Russian, Makiivka, Donetsk, AFP, British, Ukrainian, Mariupol, Moscow, Russia, Forbes
IRS Commissioner Danny Werfel on Thursday ordered the agency to immediately stop processing new claims for a pandemic-era small business tax break to protect filers from a "surge of questionable claims." The employee retention credit, or ERC, was created to support small businesses during the Covid-19 pandemic. "This great program to help small businesses has been overtaken by aggressive promoters," Werfel told reporters on a press call. More from Personal Finance:IRS weighs guidance for employee retention tax creditHow to know if your business qualifies for employee retention creditHouse lawmakers scrutinize pandemic-era small business tax breakThe processing pause on new ERC claims will be in effect through at least the end of 2023. Normal processing times for existing claims could stretch from the standard goal of 90 days to 180 days or longer.
Persons: Danny Werfel, Werfel Organizations: ERC, Finance
FILE PHOTO-Former Indonesian education minister Anies Baswedan talks to reporters after voting in the Jakarta governor election in Jakarta, Indonesia April 19, 2017. REUTERS/Beawiharta/File Photo Acquire Licensing RightsJAKARTA, Sept 2 (Reuters) - Former Jakarta Governor Anies Baswedan on Saturday named the chairman of Indonesia's largest Islamic party as his running mate for the 2024 presidential election, a move aimed at boosting his popularity in this Muslim majority country. His vice presidential pick, Muhaimin Iskandar, leads the National Awakening Party (PKB), which has strong ties with Indonesia's biggest Islamic organisation, Nahdlatul Ulama (NU), that boasts 40 million members. Sufmi Dasco Ahmad, a senior member of Prabowo's Gerindra party, said the announcement "automatically ended the political cooperation of Gerindra and PKB" but added his party respected Muhaimin's decision. Reporting by Ananda Teresia; Writing by Gayatri Suroyo; editing by Miral FahmyOur Standards: The Thomson Reuters Trust Principles.
Persons: Anies Baswedan, Former Jakarta Governor Anies Baswedan, Ganjar Pranowo, Prabowo Subianto, Joko, Muhaimin Iskandar, Prabowo, Anies, Djayadi Hanan, Susilo Bambang Yudhoyono, Muhaimin, Sufmi Dasco Ahmad, Prabowo's, Ananda Teresia, Gayatri Suroyo, Miral Organizations: REUTERS, Rights, Former Jakarta Governor, Saturday, Central Java, Defence, National Awakening Party, Indonesia's, Ulama, PKB, NU, Anies, Thomson Locations: Indonesian, Jakarta, Indonesia, Rights JAKARTA, Surabaya, East Java
The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, January 27, 2023. Citing review of files from multiple tax havens and internal Adani Group emails, nonprofit media organization OCCRP said its investigation found at least two cases where the investors bought and sold Adani stock through such offshore structures. Adani Group has called Hindenburg's claims misleading and without evidence and said it always complied with laws. The panel in May said the regulator had so far "drawn a blank" in investigations into suspected violations in overseas investments in the Adani group. In an interview with a reporter from the Guardian, OCCRP said Chang said he knew nothing about any secret purchases of Adani stock.
Persons: Amit Dave, OCCRP, Adani, Hindenburg, HINDENBURG, Gautam, India's, Nasser Ali Shaban Ahli, Chang Chung, Chang, Aditya Kalra, Krishn Kaushik, Lisa Shumaker Organizations: Adani, REUTERS, Adani Enterprises, NEW, Hindenburg Research, Reuters, Guardian, Thomson Locations: Ahmedabad, India, NEW DELHI, Mauritius, Ahli
The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, January 27, 2023. Citing review of files from multiple tax havens and internal Adani Group emails, nonprofit media organization OCCRP said its investigation found at least two cases where the investors bought and sold Adani stock through such offshore structures. Adani Group has called Hindenburg's claims misleading and without evidence and said it always complied with laws. Adani Group did not immediately respond to a Reuters request for comment on the OCCRP report. In an interview with a reporter from the Guardian, OCCRP said Chang said he knew nothing about any secret purchases of Adani stock.
Persons: Amit Dave, OCCRP, Adani, Hindenburg, Gautam, India's, Nasser Ali Shaban Ahli, Chang Chung, Ling, Chang, Aditya Kalra, Krishn Kaushik, Lisa Shumaker Organizations: Adani, REUTERS, DELHI, Hindenburg Research, Reuters, HINDENBURG, Securities, Exchange Board of India, Guardian, Thomson Locations: Ahmedabad, India, Mauritius, Ahli
In the new book “Getting In,” the journalist David Kennerley takes an electric visual stroll through New York’s 1990s gay club scene. “People threw the fliers on the ground,” Kennerley, 63, said in a recent interview at a Midtown cafe. A self-described “bit of a hoarder,” Kennerley considers the book an act of queer music history preservation. “We weren’t all snapping pictures at clubs back then, so we don’t have much of a visual record,” he said. “These provide some sort of visual evidence of what went on.”
Persons: , David Kennerley, hither hunks, Frankie Knuckles, Junior Vasquez, Jackie, Kennerley, ” Kennerley Locations: Midtown
REUTERS/Mike Blake (UNITED STATES - Tags: BUSINESS) Acquire Licensing RightsNEW YORK, Aug 25 (Reuters Breakingviews) - Tupperware Brands (TUP.N) is struggling to stop the rot. As much as technology has remade business strategies over the past 77 years, Facebook owner Meta Platforms (META.O) leans on a comparable one. Enter Brownie Wise, the saleswoman credited with pioneering the “Tupperware effect” of teaching women how to flog to their friends by hosting themed gatherings in their living rooms. Ironically enough, in the interim Tupperware also become the product of another modern network effect, a meme stock, or a highly speculative online investment. Tupperware has about a quarter of the active salesforce it did at the end of 2012, the same year Facebook bought Instagram.
Persons: Mike Blake, UNITED, , Earl Tupper, Tupperware, Brownie Wise, Tammy Hembrow, June Cleaver, influencers, Jeffrey Goldfarb, Sharon Lam, Aditya Sriwatsav Organizations: Safeway Inc, Reuters, Tupperware, Meta, Pew Research, Facebook, Brands, Thomson Locations: Encinitas , California, Vons, Australian, Tupperware’s
"I'm getting a lot of calls from investors who are duped and getting scammed by-penny stock operators," Jacob Zamansky, attorney with his firm Zamansky LLC, told CNBC. Penny stocksAlthough there is nothing inherently wrong with low-priced stocks, they are considered speculative, high-risk investments because they experience higher volatility and lower liquidity. "He really was a character as Leonardo DiCaprio portrays him in the movie," Zamansky told CNBC. And he said, If I can sell steaks, I can sell stocks." Before Zamansky started representing investors who were abused by Wall Street firms, he was an attorney for Stratton Oakmont.
Persons: I'm, Jacob Zamansky, Andres Vinelli, Greg Ruppert, Jordan Belfort, Stratton Oakmont, Leonardo DiCaprio, Zamansky, he's, Belfort Organizations: CNBC, Financial Industry, Authority, CFA Institute, Wall Street, Innocent, SEC, Securities and Exchange Commission Locations: That's, Belfort
Interest in “Rich Men North of Richmond,” which was streamed 17.5 million times on services like Spotify and Apple Music in its first week of release, partly grew in the manner of a typical viral track, according to the service Luminate, whose data fuels the Billboard charts. Much of the consumer activity that drove the track to No. 1 came via 99-cent digital downloads from outlets like the iTunes Store — an outdated format that is declining in popularity faster than CDs. Despite streaming now accounting for more than 80 percent of music consumption overall, paid downloads are weighted more on the charts, a quirk exploited regularly by pop superfans devoted to acts like Ms. In often coordinated efforts, they use downloads to show support and earn chart milestones that are celebrated like wins in sports or political elections.
Persons: Jason Aldean, , Anthony, Christopher Anthony Lunsford, , Oliver Anthony, , Mr, Walsh —, superfans, Swift Organizations: Country Music Television, North, Apple Music, Daily, Korean, BTS Locations: Tennessee, Rich, Richmond,
Users of X, formerly known as Twitter, will no longer be able to block comments from unwanted followers, according to a post by X owner Elon Musk on Friday, eliminating what's long been viewed as a key safety feature. "Block is going to be deleted as a 'feature', except for DMs," Musk wrote Friday. The mute feature just keeps the individual user from seeing the undesired responses, but doesn't eliminate them from others' feeds. Twitter users have also long employed the block feature in boycotts and to avoid seeing ads from specific brands or promoters on the platform. Binance CEO Changpeng Zhao, an investor in the new Twitter alongside Musk, said in a post that the company should focus its attention elsewhere.
Persons: Elon Musk, Musk, Changpeng Zhao, Zhao, Louis Jones, Jones, — CNBC's Lora Kolodny Organizations: Twitter, DMs, Tesla, Brand Safety, CNBC
We'll show you how to watch Joshua vs. Helenius live streams in the US, UK, Canada, and elsewhere. How to watch Joshua vs. Helenius live stream from anywhereDAZN will show Joshua vs. Helenius in most regions. How to watch Joshua vs. Helenius with a VPNSign up for a VPN if you don't have one. Joshua vs. Helenius and all the undercard bouts will commence on schedule at the O2 Arena. Joshua vs. Helenius fight scheduleHere are all the fights happening before the main event.
Persons: Anthony Joshua, Dillian Whyte, Robert Helenius, Joshua, We'd, It's, ExpressVPN, Whyte, VADA, Filip Hrgovic, Demsey McKean, Johnny Fisher, Harry Armstrong, Derek Chisora, Gerald Washington, Campbell Hatton, Tom Ansell, George Liddard, Brandon Scott, Louis Norman, Maiseyrose Courtney, Gemma Ruegg Organizations: O2, Voluntary, Doping, Joshua Locations: Canada, London, Italy, Spain, Germany, Austria, Switzerland, Brazil, Japan
Triller's preliminary S-1 filing to go public on the New York Stock Exchange has been released. The company reported a smaller net loss in 2022 than in 2021 and around $48 million in 2022 revenue. In its S-1, the company featured images of celebrities like Jennifer Lopez and DJ Khaled inside Triller products. One metric notably absent from Triller's S-1 is active user counts across its platforms. In its S-1, the company wrote it had "established more than 550 million user accounts" across its offerings, which it defined as anyone who created an account.
Persons: Triller, It's, it's, Snoop Dogg, Josh Richards, Richards, Jennifer Lopez, DJ Khaled, Charli D'Amelio, D'Amelio, TikTok, Julius, Triller's, Mike Lu, Ryan Kavanaugh's, Bobby Sarnevesht Organizations: New York Stock Exchange, Sony Music Entertainment, Universal Music Group, Sony Music, Seachange, SEC, Triller, YouTube, Facebook, Twitter, Meta, Inc, TechCrunch, Billboard, Media Locations: NFTs, TikTok, Triller
Helenius steps in to fight Joshua as late replacement for Whyte
  + stars: | 2023-08-08 | by ( ) www.reuters.com   time to read: +1 min
Finland's Robert "The Nordic Nightmare" Helenius is declared the winner after defeating Poland's Adam Kownacki in a heavyweight bout at T-Mobile Arena in Las Vegas, Nevada, U.S. October 9, 2021. REUTERS/Steve Marcus/File PhotoLONDON, Aug 8 (Reuters) - Finnish heavyweight Robert Helenius has stepped in at short notice to fight former world champion Anthony Joshua in London on Saturday after Dillian Whyte was ruled out by a dope test. Promoters Matchroom said on Tuesday the 39-year-old 'Nordic Nightmare', who fought in Finland at the weekend, will face the Briton at London's O2 with the undercard remaining as previously scheduled. "This wasn't in the script," said Joshua, who lost his WBA, WBO, IBF and IBO belts to Ukraine's Oleksandr Usyk in September 2021. "Ultimately there is criticism in whatever you do, but I actually think this is a tricky and dangerous fight."
Persons: Finland's Robert, Poland's Adam Kownacki, Steve Marcus, Robert Helenius, Anthony Joshua, Dillian Whyte, Matchroom, Mika Mielonen, Deontay Wilder, Joshua, Oleksandr Usyk, Whyte, Eddie Hearn, Helenius, Alan Baldwin, Christian Radnedge Organizations: Mobile, REUTERS, London's O2, WBC, WBA, WBO, IBF, IBO, Marchroom, Thomson Locations: Las Vegas , Nevada, U.S, London, Finland, American, New York
REUTERS/Lewis Jackson/File PhotoSYDNEY, Aug 6 (Reuters) - Australia will drastically tighten penalties for promoters of dodgy tax schemes and beef up the power of regulators as part of reforms announced on Sunday in response to a scandal over the use of leaked tax plans by PwC Australia. PwC Australia was not fined for the breach under the existing rules, and the changes will not applied retroactively, a Treasury spokesperson told Reuters. "The PwC scandal exposed severe shortcomings in our regulatory frameworks," said the statement from the ministers for treasury and finance and the attorney general. The Australian Tax Office (ATO) foiled several attempts by companies to subvert the 2016 Multinational Anti-Avoidance Law but was frustrated in its subsequent investigation by "highly ambitious if not false" legal privilege claims from PwC Australia. Collins and PwC Australia were not sanctioned until late 2022 by a separate agency that regulates tax agents, the Tax Practitioners Board, after police said there was insufficient information for them to act.
Persons: Lewis Jackson, Peter Collins, Collins, William Mallard Organizations: REUTERS, PwC, Facebook, Bills, Reuters, Australian Tax, Thomson Locations: Barangaroo, Australia, PwC Australia
Whyte 'devastated' after Joshua fight cancelled
  + stars: | 2023-08-05 | by ( ) www.reuters.com   time to read: +2 min
[1/2] Boxing - Anthony Joshua & Dillian Whyte Press Conference - Hilton London Syon Park, London, Britain - July 10, 2023 Anthony Joshua and Dillian Whyte go head to head as promoter Eddie Hearn looks on Action Images via Reuters/Matthew Childs/File PhotoLONDON, Aug 5 (Reuters) - Britain's Dillian Whyte said he was devastated after an "adverse finding" from his random dope test led to the cancellation of next week's heavyweight fight with former world champion Anthony Joshua. "In light of this news, the fight will be cancelled, and a full investigation will be conducted." Whyte, who lost a title challenge to WBC world champion Tyson Fury in April 2022, reacted to the news on messaging platform X, formerly known as Twitter. The outcome of the Joshua v Whyte fight could have put either fighter in the frame for a lucrative clash with former WBC champion Deontay Wilder. UKAD said last month that Benn, who had been due to fight Chris Eubank Jr in London last October, was no longer under suspension.
Persons: Anthony Joshua, Dillian, Dillian Whyte, Eddie Hearn, Matthew Childs, Joshua, Matchroom, Whyte, Tyson Fury, Oleksandr Usyk, Deontay Wilder, Conor Benn, UKAD, Benn, Chris Eubank, Alan Baldwin, Christian Radnedge, Pritha Organizations: Dillian Whyte Press Conference, Hilton, London's O2, Doping, WBC, Doping Agency, WBA, WBO, IBF, IBO, British, Thomson Locations: London, Britain
We know there are so many reasons why this bull market has eluded so many. It's sudden broadening into health care, transports and financials just when we were told the bull was slain by its lack of breadth. I hope readers here know that I felt that only by tuning out the Fed could you make maximum money in the market. You simply had to ignore the verbiage, block out the gasbags who simply failed to see the two-staged bull market right in front of them. Needless to say, if you needed any evidence that we are in a bull market, the rally in that dog may be enough to make the prosecution rest.
Persons: Jerome Powell's, Powell, It's, Joe Biden's, Powell's, that's, Larry Fink, DR Horton, Powell didn't, IPOs, David Solomon's, Goldman Sachs, Barbie, Oppenheimer, Steve Squeri, Squeri, Jeff Marks, Jeff, Johnson, Elliott Management's, Lauder, Jackson, Jim Cramer's, Jim Cramer, Jim, Victor J Organizations: Federal, Dow, Taiwan Semiconductor Manufacturing Company, AS, Blackrock, DR, Western Alliance, FTC, Federal Trade Commission, Justice Department, Club, Microsoft, Activision, American Express, DuPont, Constellation Brands, Disney, Fed, Jim Cramer's Charitable, CNBC, Visitors, New York Stock Exchange, Blue, Bloomberg, Getty Locations: Washington, IPOs, Cava, Wyoming
The 1975 have also been banned from performing in Malaysia, said a government committee that oversees filming and performances by foreigners. "I don't see the fucking point ... of inviting The 1975 to a country and then telling us who we can have sex with." Festival organiser Future Sound Asia apologised for the cancellation of the show following Healy's "controversial conduct and remarks". Communications Minister Fahmi said Malaysia was committed to supporting the development of creative industries and freedom of expression. The Jakarta festival's organisers did not immediately respond to requests for comment on whether the band would play.
Persons: disparages, Fahmi Fadzil, Healy, Ross MacDonald, we've, Regrettably, Fahmi, Matt Healy, Carmen Rose, Anwar Ibrahim's, Rozanna Latiff, Bernadette Christina, William Mallard, Robert Birsel Organizations: Communications, Rights, United Arab Emirates, Sound, Twitter, Malay, Thomson Locations: KUALA LUMPUR, Kuala Lumpur, Malaysia, Malaysian, Jakarta, Indonesia
Proximus Opal, a unit of Belgian telecom service provider Proximus Group, has clients such as Salesforce and Bytedance, while Route Mobile's clients include Amazon and Indian telecom service provider Airtel. However, Clear Bridge Ventures, an affiliate of some Route Mobile promoters, will buy a minority stake of up to 14.5% in Proximus Opal for about 299.6 million euros (nearly $337 million). Proximus Opal will also have to make an offer to buy an additional stake of up to 26% in Route Mobile at the same price from retail shareholders, according to Indian regulations. "The partnership ... paves the way for Route Mobile to achieve a billion-dollar annual revenue run-rate much sooner than the anticipated 3-4 year time frame," said Rajdip Gupta, Route Mobile's CEO, who will also lead the combined company. ($1 = 82.1570 Indian rupees) ($1 = 0.8910 euros)Reporting by Rama Venkat and Sethuraman NR in Bengaluru; Editing by Dhanya Ann Thoppil and Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.
Persons: Opal, Rajdip Gupta, Morgan Stanley, Rama Venkat, Sethuraman, Dhanya Ann Thoppil Organizations: Route Mobile, Proximus, Airtel, Mobile, Route, Clear, Ventures, Thomson Locations: BENGALURU, Belgian, India, Bengaluru
But while 44% of India's smartphones sales are now online, the brick-and-mortar segment remains the bigger play and Xiaomi expects it to grow further. "Our market position in offline is substantially lower than what it is online," Xiaomi's India head, Muralikrishnan B., said in an interview on Friday. The South Korean giant has a 20% market share in India, while Xiaomi, which historically focussed on budget phones, has 16%. Xiaomi plans to hire more store promoters - salespeople who lure, pitch and sell phones to prospective buyers inside outlets. Another significant India challenge for Xiaomi is a federal agency's $673 million freeze on its bank assets since last year.
Persons: Xiaomi, Flipkart, Muralikrishnan, Tarun Pathak, We'll, Aditya Kalra, Munsif Vengattil, William Mallard Organizations: DELHI, HK, South, Samsung, Research, Thomson Locations: India, Hong Kong
"Need to reach positive cash flow before we have the luxury of anything else," Musk wrote in response to a tweet. Musk took over Twitter in October of last year in a deal valued at around $44 billion, including about $13 billion in debt. He also claimed at that time that the company was "roughly breakeven," and expected to become cash flow positive within the next quarter. A number of widely followed accounts on Twitter posted that they were dismayed they did not qualify to earn income from the program yet. It's not clear how much Twitter paid creators in total in this first round of payments.
Persons: Elon Musk, Porte, Alain JOCARD, ALAIN JOCARD, Musk, Linda Yaccarino, Comcast's NBCUniversal, NBCUniversal, Twitter, Andrew Tate —, Tate, influencers, Omar Qazi, Sawyer Merritt, Brian, Ed Krassenstein Organizations: SpaceX, Twitter, Porte de, Getty, BBC, CNBC, Internet Hall of Fame, of, X Corp Locations: Paris, AFP, Romania
CNN —It’s been a Cruel Summer for Taylor Swift fans in Asia. Among them was Jordan Lee, a die hard Swiftie from Jakarta who told CNN that he had come “close to snagging” a ticket, priced $80 and up. “They weren’t violent but they made their views very clear, the same would happen with Taylor Swift if she came to Malaysia,” he said. Venues can only hold about 20,000 people, which is too few for Taylor Swift and her Eras Tour, which will be a big production. Taylor Swift performs onstage during her US-leg of the Eras Tour.
Persons: CNN — It’s, Taylor Swift, Swift, , Jordan Lee, ” Lee, Taylor Hill, Nur Hazlina, Pita Limjaroenrat, Thais, Suzanne Codeiro, Syed Saddiq, , Selena Gomez, Lady Gaga, Stuart MacFarlane, Song Seng, “ Swift Organizations: CNN, Organizers, Ticketmaster, Swift, Rights, Kuala Lumpur, Party, T, Getty, Philippine, Coldplay, Malaysian Islamic, , , Arsenal FC, Kallang, Management, Singapore’s Ministry of Culture ,, Youth Locations: Asia, Singapore, Southeast Asia, Bangkok, Manila, Jakarta, United States, South America, Europe, Australia, New Zealand, Japan, Kuala, Thailand, “ Thailand, Philippines, Arlington , Texas, AFP, Malaysia, Indonesia, British, Malaysian, Kuala Lumpur, “ Malaysia, Hong Kong
Mr. Epps can be seen on video encouraging demonstrators to march with him and enter the Capitol at one point. But in May, the lawsuit says, the Justice Department notified Mr. Epps that it was planning to file criminal charges against him related to his role in the Capitol attack. It is difficult to hear what Mr. Epps says in the video. But promoters of the conspiracy theories about him have used that moment to accuse him of uttering some kind of command. Mr. Epps has said he called the F.B.I.’s National Threat Operations Center shortly after the alert went up, and his phone records show he spoke to agents there for nearly an hour.
Persons: Epps, , Fox, Trump, goad Trump Organizations: Fox, Washington D.C, Justice Department, Capitol, Justice, Threat Operations Locations: Washington,
Tickets for Taylor Swift shows have more than doubled since 2018, per a Bloomberg analysis. The pop superstar is making more than $13 million from each date on her "Eras" tour, per Pollstar. Taylor Swift's Eras tour is on track to set a new record – but it's also a reminder of just how expensive it can be to see a concert by the world's biggest acts. Data from Pollstar, a music industry trade publication, shows Swift has already generated more than $300 million from the first 22 dates of her highly anticipated Eras tour. Jason Kempin/Getty ImagesStill, the average cost doesn't reflect the huge prices being charged on the resale market.
Persons: Taylor Swift, Taylor, it's, Swift, It's, Elton John's, Jason Kempin, Paige, Scott, Merrill Lynch, Boaz Weinstein Organizations: Bloomberg, Wall Street, Billboard, she's Locations: London, That's
Google is distancing itself from a drag performance it planned as the closing event for Pride month after a group of employees circulated an internal petition opposing it, claiming religious discrimination. Each year, Google sponsors a series of Pride events in San Francisco and other locations for employees and the public. A few hundred employees signed the petition opposing the drag performance, claiming it sexualizes and disrespects Christian co-workers, and accused Google of religious discrimination, according to the petition viewed by CNBC. That includes a flurry of legislative proposals backed by GOP governors taking aim at drag events. San Francisco venues host Pride events every June, which is recognized as Pride month, and those events commonly include drag shows of various stage acts.
Persons: Chris Pappas, Pappas Organizations: Google, CNBC, Operations, GOP, Employees Locations: New York City, San Francisco, Francisco
Mandatory Credit: Joe Camporeale-USA TODAY Sports/File PhotoJune 16 (Reuters) - A U.S. judge rejected World Wrestling Entertainment's (WWE.N) effort to dismiss a smaller rival's antitrust lawsuit that accused it of monopolizing the market for professional wrestling media rights. In a decision on Thursday, U.S. District Judge Edward Davila in San Jose, California, said MLW Media had presented enough "circumstantial" evidence that WWE uses its dominance to keep rivals from accessing various distributors and arenas. MLW said Stamford, Connecticut-based WWE commands about 92% of revenue from U.S. media rights for pro wrestling, versus 6% for All Elite Wrestling and less than 2% for everyone else. MLW sufficiently alleged that WWE's activities "had a substantial effect in foreclosing competitors from the professional wrestling media rights market," Davila wrote. The case is MLW Media LLC v World Wrestling Entertainment Inc, U.S. District Court, Northern District of California, No.
Persons: Cody Rhodes, Joe Camporeale, Edward Davila, MLW, Davila, Marc Kasowitz, Jonathan Stempel Organizations: Wrestling, District, MLW Media, WWE, Elite Wrestling, Fox, Amazon.com, CBS, Disney, Netflix, Warner Bros Discovery, Wrestling Entertainment Inc, Court, Northern District of, Thomson Locations: Inglewood , CA, USA, SoFi, U.S, San Jose , California, Stamford , Connecticut, , New York, Northern District, Northern District of California, New York
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