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Discovery has filed a lawsuit against the NBA after the league rejected its matching offer to broadcast the league’s games for the next decade, ending the media company’s four-decade relationship with the NBA. “Given the NBA’s unjustified rejection of our matching of a third-party offer, we have taken legal action to enforce our rights,” a WBD spokesperson said in a statement. But the league said WBD “did not match the terms” of its deal with Amazon. While WBD maintains the rights to the NCAA March Madness tournament, along with the MLB, NHL and NASCAR, the NBA remains crucial to the media conglomerate. The cable channel TNT has built a programming slate around the NBA games, most notably the highly rated “Inside the NBA” show featuring Barkley, Ernie Johnson, Kenny Smith and Shaquille O’Neal.
Persons: , Max, ” Mike Bass, ” Adam Silver, WBD “, Warner, WBD, Barkley, Ernie Johnson, Kenny Smith, Shaquille O’Neal, , I’m, ” Barkley Organizations: New, New York CNN, Warner Bros, Discovery, NBA, Amazon, Disney, TNT, Amazon Prime, ABC, ESPN, CNN, Netflix, NCAA, MLB, NHL, NASCAR Locations: New York, New York County, United States, WBD
Read previewWarning: Major spoilers ahead for "Deadpool & Wolverine." "Deadpool & Wolverine" has several noteworthy celebrity cameos, but the film's greatest gift is Chris Evans' return. Chris Evans returns as Johnny Storm/Human Torch, not Steve Rogers/Captain AmericaChris Evans as Johnny Storm/Human Torch in "Fantastic Four." 20th Century FoxIt probably cost Marvel a pretty penny to bring back Evans for his "Deadpool & Wolverine" cameo. For better or for worse, "Deadpool & Wolverine" contains many cameos that are being called fan service.
Persons: , Chris Evans, Shawn Levy, Ryan Reynolds, Wade Wilson, Deadpool, Hugh Jackman's Logan, Wolverine, Evans, Johnny Storm, Steve Rogers, Captain America Chris Evans, Cassandra Nova, Emma Corrin, Max, Evans —, he's, Pyro, Aaron Stanford, Johnny, Cassandra, who's Charles Xavier's, Fox That's, Wade, urinated, Wade snickers, Captain America, you'll, Jennifer Garner, Elektra, Sam Wilson, Anthony Mackie, Marvel, Reynolds, texted, he'd, Ryan Organizations: Service, Business, Fox, TVA, Marvel Studios, Marvel, MTV News, Entertainment
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with VantageRock's Avery Sheffield, 3Fourteen’s Warren Pies and Max KettnerVantageRock's Avery Sheffield, 3Fourteen’s Warren Pies and Max Kettner, join, 'Closing Bell' to discuss the tech pullback, markets and the Fed.
Persons: VantageRock's Avery Sheffield, 3Fourteen’s Warren, Max Kettner VantageRock's Avery Sheffield, Max Kettner
Documentaries like "Dirty Pop" and "Charlie Hustle & The Matter of Pete Rose" are also streaming. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIf offbeat, dark comedies are your jam, you need to check out "The Decameron" on Netflix this weekend. Max also has a few new titles, like the Michael Keaton thriller "Knox Goes Away" and the baseball docuseries "Charlie Hustle & The Matter of Pete Rose."
Persons: Charlie Hustle, Pete Rose, , Lou Pearlman, Max, Michael Keaton, Knox Organizations: Netflix, Service, Business
I’m not sure TNT ever had a chance.”“TNT matched the money, but the league knows Amazon and these tech companies are the only ones willing to pay for the rights when they double in the future,” Barkley added. It just sucks.”The comments came after the NBA on Wednesday rejected an offer from Warner Bros. Discovery to match Amazon’s $1.8 billion per year bid to carry the league’s games starting with the 2025-26 season. The decision set up a potential legal showdown between the NBA and WBD, the parent company of TNT and CNN, which maintains it has matching rights to any broadcast offer. “These partners will distribute our content across a wide range of platforms and help transform the fan experience over the next decade.”
Persons: Charles Barkley, Barkley, , I’m, , ” Barkley, Ernie Johnson, Kenny Smith, Shaquille O’Neal, WBD, Max, ” Adam Silver Organizations: New, New York CNN, NBA, TNT, Wednesday, Warner Bros, WBD, CNN, TNT Sports ’, Amazon, Disney Locations: New York, United States
Warner Bros. Warner Bros. Discovery matching rights when it signed its previous media deal in 2014. Discovery's matching rights agreement is five pages long, and the company believes it has a strong case, the people said. Owning NBA rights is valuable to the health of Warner Bros.
Persons: Max, Discovery's Turner, Discovery, That's, Luis Silberwasser Organizations: Warner Bros . Discovery, National Basketball Association, TNT Sports, TNT, NBA, Disney, Comcast, Warner Bros, Discovery's Turner Sports, Amazon, Amazon Prime, Discovery, Media
CNN —In early June, Toyota announced the recall of nearly 100,000 Tundra pickups and about 3,500 Lexus luxury SUVs to fix a problem that could cause their engines to lose power while driving. The solution, it now says, is simply to replace the entire engine on each one of the 103,500 big trucks and SUVs. The vehicles involved are 2022 and 2023 model year Toyota Tundras and Lexus LX 600s. It is unusual, but not unheard of, for an auto manufacturer to have to replace engines in a recall. Last year, Honda recalled 250,000 vehicles for a problem that could, in some cases, result in engines having to be replaced.
Persons: Max, Honda Organizations: CNN, Toyota, Lexus, Hyundai
If you ask Zaslav, though, the reason Roberts and other potential buyers of media assets aren't interested is because the government has scared them away. Or, perhaps, legacy media companies are simply undesirable assets to own. He extended the life of his previous company, Discovery Communications — and probably his own tenure running a media company — by merging it with AT&T's WarnerMedia in 2022. Without a deal, Discovery would have wallowed as a subscale content provider and owner of declining cable networks. Discovery with another legacy media company, such as Paramount Global , Fox or Disney , or NBCUniversal, if it were spun off from Comcast.
Persons: David Zaslav, David Grogan, Brian Roberts, " Roberts, Comcast's, Roberts, Zaslav, Shari Redstone, Rob Kindler, Paul, Weiss, they've, Kindler, haven't, Morgan Stanley's, Donald Trump's, There's, Joe Biden's, Simon, Simon & Schuster, JD Vance, Lina Khan's, Lina Khan, Biden, Vance, Kamala Harris Organizations: Allen & Company Sun Valley Conference, CNBC Comcast, Warner Bros, Discovery, Allen & Co, Sun, Paramount, Skydance Media, CNBC Redstone, Starz, AMC Networks, Vice Media, Discovery Communications, NBA, Apple, Paramount Global, Fox, Disney, Comcast, CNBC, Google, Scripps Networks Interactive, Time Warner, Scripps, Viacom, CBS, Sky, AMC, IFC, Sundance, Lionsgate, Media, Republican, Democratic, Donald Trump's Department of Justice, Simon &, Random, MGM, Federal Trade, & $ Locations: Sun Valley , Idaho, RemedyFest
Without Peter Thiel, Vance does not get anywhere near the US Senate. And in Silicon Valley, the conservative movement is much stronger, and more muscular than it was before. AdvertisementThere's this narrative, promoted by people like Thiel, that Silicon Valley is super-liberal. Because Silicon Valley has conservative roots in addition to roots in the counterculture. AdvertisementLike I said, the liberal nature of Silicon Valley has always been sort of overplayed.
Persons: , I'm, Donald Trump, Vance, Peter Thiel —, Max Chafkin, who's, Thiel, Peter Thiel's, Trump, JD Vance, Narya, It's, supercharge, Bill Pugliano, David Sacks, Peter Thiel, revel, that's, he's, Elon Musk, Marc Andreessen, They're, Elon Musk's, Apu Gomes, Steve Jobs, Ben Horowitz Organizations: Service, Republican, Trump, Business, Bloomberg Businessweek, Republican National Convention, YouTube, Ohio Senate, The, Thiel, Twitter Locations: Silicon Valley, Mithril, Narya, Ohio, West Coast, , America, Silicon, San Francisco
New York CNN —The stage is now officially set for a high-stakes showdown between the NBA and TNT parent company Warner Bros. WBD, the parent company of CNN, paid for matching rights when it struck its current deal with the NBA. In doing so, the NBA argued that WBD’s offer was not a legally valid match since it would also be broadcasting the games on TNT. And it should be noted that the contractual paperwork giving WBD matching rights is pages long and not simple. Zaslav and his deputies believe that they have a robust legal argument and that they are indeed entitled to use their contractual rights to match Amazon’s bid.
Persons: WBD’s, David Zaslav, Adam Silver, Warner, WBD, , that’s, , NBCU, Zaslav, Stephen A, Smith Organizations: New, New York CNN, NBA, TNT, Warner Bros ., Wednesday, Amazon, Warner Bros, CNN, CNBC, NBCUniversal, Disney, ESPN, Big Tech, Apple, Google Locations: New York
Discovery and Disney launched a cross-studio bundle of Disney+, Hulu, and Max on Thursday, bringing the services together at a discounted price as the entertainment giants look to scale their streaming businesses. Disney+ with Hulu is also available for $9.99 a month with ads. Disney already offers its own streaming bundle that includes Disney+, Hulu, and ESPN+ at a bargain rate. Earlier this month, Hallmark announced that it, too, will launch its own standalone streaming platform, Hallmark+, ahead of the holiday season. Disney, WBD and Fox Corp. are also launching the dedicated sports streaming service Venu this fall, which will combine ESPN, TNT, Fox Sports and other assets under a single streaming roof.
Persons: Max, Marvel, , David Zaslav, NBC’s Peacock, Peacock, Venu, “ We’ve, Bob Iger, Organizations: New, New York CNN, Warner Bros . Discovery, Disney, HBO, ABC, CNN, Food Network, FX, HGTV, Hulu, Pixar, Star Wars, Warner Bros, Netflix, Amazon Prime, ESPN, Verizon, Paramount, Apple, Comcast, Hallmark, Fox Corp, TNT, Fox Sports, ” Disney, CNBC Locations: New York, Hulu
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Second-quarter GDP data showed the economy grew at 2.8% in the second quarter, much more than expected. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Traders were assessing tech weakness and hotter-than-expected GDP data for the second quarter. Investors' top concern is slowing tech earnings growth after Tesla and Alphabet both reported disappointing results on Tuesday. Here's where US indexes stood shortly after the opening bell on Thursday:AdvertisementMeanwhile, investors are digesting second-quarter GDP data, which showed the US economy grew by 2.8%.
Persons: Stocks, , Mike Owens, Dan Ives, Chris Zaccarelli, Brent Organizations: Nasdaq, Service, Traders, Investors, Federal Reserve, Saxo, Microsoft, Google, Apple, Securities, West Texas Locations: China, Here's
The American Express® Gold Card increased its annual fee to $325, up from $250. The American Express® Gold Card is a popular credit card that earns points on groceries and at U.S. supermarkets, among other bonus categories. To sweeten the sting, Amex is adding a couple hundred dollars' worth of bonus credits for American Express® Gold Card cardholders. New cardholders: Get a limited-edition white-gold cardNew cardholders of the American Express® Gold Card or the business-focused American Express® Business Gold Card can choose a limited-edition white gold card. If you're on the fence about the American Express® Gold Card, consider whether the benefits are worth the higher cost to you.
Persons: , cardholders, Amex, You'll, Dunkin, you'll Organizations: American, Service, American Express, Express, Hilton Honors American Express, Card
Southwest Airlines is getting rid of open seating
  + stars: | 2024-07-25 | by ( Chris Isidore | ) edition.cnn.com   time to read: +4 min
Southwest said customers were clamoring for these changes – when people switch to a competitor from Southwest, the company said the No. But the change will also help the company charge some passengers more for their tickets. “The research is clear and indicates that 80% of Southwest customers, and 86% of potential customers, prefer an assigned seat,” said the airline in a statement. Southwest doesn’t charge for carry on bags and has long allowed passengers to check two bags for free. The premium seats, which will offer more legroom, will not be available until 2025 as it will require reconfiguring its planes.
Persons: , Max Organizations: New, New York CNN, Southwest, United, Delta, Boeing Locations: New York, Southwest, Delta
An American Airlines Boeing 737 MAX 8 aircraft approaches San Diego International Airport for a landing from Phoenix on June 28, 2024 in San Diego, California. American Airlines is forecasting a drop in unit revenue of as much as 4.5% for the third quarter as high demand failed to make up for an industry-wide glut of flights that have forced airlines to slash fares. The carrier's profit fell 46% during the second quarter even though revenues rose. The carrier has been grappling with an industry-wide oversupply of flights and a direct-to-consumer sales strategy it adopted that backfired. It said in an earnings release Thursday that it has "taken swift and aggressive action to reorient its sales and distribution strategy" after complaints from travel agents and customers.
Organizations: American Airlines Boeing, San Diego International Airport, San Diego , California . American Airlines Locations: Phoenix, San Diego , California, American
CNN —The Murdoch family, famous for helming one of the world’s most influential news empires, is locked in a secret court battle over succession and control, according to a New York Times report citing sealed court documents. By granting control to only Lachlan, Murdoch is arguing in court, he is protecting the companies’ value – which then benefits all his heirs, according to The Times. He began learning the family business at a young age and rose quickly through the ranks. Rupert Murdoch with his sons Lachlan (left) and James (right) attending his wedding to Jerry Hall in London on March 5, 2016. While apparently considered the most similar to Rupert, Elisabeth has struggled to advance in the family business.
Persons: Murdoch, Rupert Murdoch, , Rupert Murdoch’s, – Lachlan, James, Elisabeth, Prudence –, Lachlan, , Prudence, Jerry Hall, Max Mumby, James –, Joe Biden’s, Kathryn, Rupert, Logan Roy, Jim Rutenberg, ” Rutenberg Organizations: CNN, New York Times, Fox Corporation, News Corporation, Street, New, New York Post, Forbes, Fox Corp, News Corp, The Times, Times, Lachlan, Fox News, Democratic, Republican Party, Disney Locations: New York, London, Australia,
CNN —The last decade has been very lucrative for the world’s super-rich residents, fueling the drive by some advocates to tax them more. The top 1% has seen its wealth soar by $42 trillion over the past decade, according to a new analysis by Oxfam International, which is being released ahead of the G20 finance ministers and central bank governors’ meeting in Brazil. “The richest one percent of humanity continues to fill their pockets while the rest are left to scrap for crumbs.”Oxfam regularly issues reports highlighting global inequality and pushes for changes to start evening the playing field. “Momentum to increase taxes on the super-rich is undeniable, and this week is the first real litmus test for G20 governments. Finance officials from the world’s biggest countries began talks earlier this year on introducing a global minimum tax on billionaires.
Persons: That’s, , Max Lawson, Gabriel Zucman, ” Lawson Organizations: CNN, Oxfam International, Oxfam International’s, Oxfam, EU, Observatory, Zucman, Finance Locations: Brazil
Learn moreIt was announced months ago that this was coming, but now it's finally official: the new Disney Plus bundle features Disney Plus, Hulu, and Max starting at $17 a month. Disney Plus/Hulu/Max Bundle without Ads $29.99 This package offers ad-free streaming access to Disney Plus, Hulu, and Max for $30 a month. How to get the new Disney Plus bundleSigning up for the new Disney Plus bundle is easy. Disney Hulu Max bundle price and plansThe new Disney Plus bundle comes with two tiers: ad-supported and ad-free. Each plan also allows for streaming select Hulu content in the Disney Plus app and select HBO content in the Hulu app.
Persons: it's, Max, Disney Hulu Max Organizations: Business, Disney, Hulu, Disney Plus, Trio, ESPN, Disney Hulu, Max
Read previewA Southwest Airlines flight that was diverted after a dangerously low descent was likely down to "pure human error," aviation experts said. A Southwest flight came dangerously close to the Courtney Campbell Causeway in Tampa. A dangerous patternIt's not the first time a Southwest flight has descended to a dangerously low altitude. In June the FAA said it was investigating a Southwest flight that dropped to 525 feet when it was 9 miles from landing in Oklahoma City. The FAA is also looking into another Southwest flight that descended to 400 feet above the ocean off the coast of Kauai, Hawaii, in April.
Persons: , Max, Richard Curran, Mark Stephens, Curran, Courtney Campbell, Sridip Kumar Mishra, Stephens, Nancy Allen, it's, Robert Katz, Katz Organizations: Service, Airlines, Boeing, Business, Air Traffic Control, TV, Fox, Aviation Administration, Aviation Management, City University of London, Delta Air Lines, aj Airbus, Tampa Bay Times, Tampa International Airport, FAA Locations: Columbus , Ohio, Tampa , Florida, Fort Lauderdale, Tampa, Tampa Bay, Oklahoma City, Kauai, Hawaii, Southwest
Greg O’KeeffeHow do United States build on this? With the group favorite in the rearview, the United States now has 180 minutes remaining to make its case for a spot in the knockout rounds. AdvertisementUndoubtedly, the United States needs to be more confident when going forward. As it stands, most of the players from this defeat will have to shake off the result and focus on getting things back on track for the United States. United States play New Zealand on Saturday in Marseille, before finishing Group A with a match against Guinea in Saint-Etienne on Tuesday.
Persons: Thierry Henry’s, Alexandre Lacazette, Marko Mitrovic, Michael Olise, Loic Bade, Jeff Rueter, Greg O’Keeffe, Olise, Tanner Tessmann, Gianluca Busio, John Todd, Guillaume Restes, Djordje Mihailovic, John Tolkin, Paxten Aaronson, Mihailovic, Diego Luna, Cole Bassett, Gregg Berhalter’s USMNT, Brad Smith, rance, ouble, l ead, lise up to, kel, Aaron, Brin, Booth, Bey, howe, cori, Wiley, elia, le in hi, ake Organizations: France, Marseille, Former Arsenal, Bayern Munich, Sevilla, Guinea, Marseille … Young U.S, Getty, New, MLS, Chicago Fire, Mitrovic, AZ, Colorado Rapids, Toulouse, Premier League, Bundesliga, Adv, Uni, G Locations: States, U.S, New Zealand, Marseille, Olise, France, Guinea, United States, Netherlands, Crystal, France’s
New York CNN —The US Department of Justice on Wednesday for the first time shared details of its finalized plea deal agreement with Boeing, in which the troubled aviation company will plead guilty to a felony charge of defrauding the US government. The plea deal is subject to approval of a federal judge. “We will continue to work transparently with our regulators as we take significant actions across Boeing to further strengthen our safety, quality and compliance programs,” Boeing said in a statement. It had already paid half the fine as part of the original plea deal in 2021. The families of victims of two fatal crashes of the 737 Max oppose the deal, the Justice Department said.
Persons: , Max, Organizations: New, New York CNN, US Department of Justice, Boeing, Federal Aviation Administration, Justice Department, Alaska Airlines Locations: New York, United States
U.S. finalizes details of Boeing 737 Max plea deal
  + stars: | 2024-07-24 | by ( ) www.cnbc.com   time to read: +1 min
Boeing confirmed it had filed a detailed plea agreement with the Justice Department. "We will continue to work transparently with our regulators as we take significant actions across Boeing to further strengthen our safety, quality and compliance programs," the company said. As part of the deal, the planemaker agreed to spend at least $455 million over the next three years to boost safety and compliance programs, the filing said. The deal also imposes an independent monitor, who will have to publicly file annual progress reports, to oversee the firm's compliance. Boeing will be on probation during the monitor's three-year term and it can be extended by a year if Boeing does not comply with the terms.
Persons: Reed O'Connor Organizations: Department, Boeing, Federal Aviation Administration, Justice Department, Max
Compare the Blue Cash Preferred CardBlue Cash Preferred vs. the Blue Cash Everyday CardThe Amex Blue Cash Preferred Card and the Blue Cash Everyday® Card from American Express are both cash-back cards, but they differ when it comes to bonus categories, rewards amounts, and annual fees. Blue Cash Preferred vs. the Chase Sapphire PreferredLike the Amex Blue Cash Preferred Card, the Chase Sapphire Preferred® Card has a $95, but it's not waived the first year. Amex Blue Cash Preferred Frequently Asked QuestionsIs the Amex Blue Cash Preferred worth it? Here's our comparison of the Blue Cash Preferred and Blue Cash Everyday to help you decide which is best for your wallet. Can I upgrade my Amex Blue Cash Everyday card to the Blue Cash Preferred?
Persons: you'll, You'll, cardholders, Here's, HBO Peacock, Amex, It's, Cash, Read, it's, you've Organizations: Express, Disney, American Express, Chase, Chase Travel, Amazon, Showtime, DirecTV, ESPN, YouTube, HBO, Paramount, HBO Peacock Hulu, Kroger, American, U.S, Cash, Finance Locations: U.S, Hulu, Amex
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