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☆ TNT’s ‘Inside the NBA’ headed for ESPN and ABC after Warner Bros. Discovery settlement
▼ + stars: | 2024-11-18 | by ( Alex Sherman | Alex Sherman Covers Media For Cnbc. | ) www.nbcnews.com time to read: +6 min

Warner Bros. Warner Bros. The settlement with Warner Bros. Discovery, announced Monday, as well as a separate agreement between Warner Bros. The agreement also extends a partnership between NBA Digital and TNT Sports for five seasons that allows the NBA to engage Warner Bros.

Persons: —, Comcast’s, Turner, ”, Ernie Johnson Jr, Charles Barkley, Kenny Smith, Shaquille O’Neal, “, Adam Silver, Max, Hulu, Venu that’s, David Zaslav, Silver Organizations: Warner Bros, Discovery, National Basketball Association, Warner Bros . Discovery, NBA, — Disney, Amazon, WNBA, CNBC, ESPN, Turner Sports, TNT, Disney, Comcast, TNT Sports, Nordic, NBA Digital, ABC, College Football, Warner Brothers Discovery Locations: U.S, Poland, Latin America, Brazil, Mexico

☆ CNBC Daily Open: Trump kicked off the market rally, but he could also halt it
▼ + stars: | 2024-11-11 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Andrew Kelly | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineWhen the numbers are this good, you've got to start with them. "Equities are eager to price in Trump's domestic growth policies," Barclays strategist Venu Krishna said in a note to clients. While the Trump rally has gotten off to a roaring good start, it remains to be seen when — and more importantly, how — it'll end.

Persons: Republican Donald Trump, Andrew Kelly, you've, Russell, Venu Krishna, Mislav Matejka, Neel Kashkari, Kashkari, — CNBC's Sean Conlon, Yun Li, Jesse Pound, Hakyung Kim Organizations: Republican, U.S, New York Stock Exchange, Reuters, CNBC, Dow Jones, Nasdaq, Trump, Barclays, JPMorgan, Minneapolis Locations: New York City, U.S

☆ CNBC Daily Open: Trump supercharged the markets, but his policies could make the rally sputter out
▼ + stars: | 2024-11-11 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Timothy A. Clary | Afp | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineWhen the numbers are this good, you've got to start with them. "Equities are eager to price in Trump's domestic growth policies," Barclays strategist Venu Krishna said in a note to clients. While the Trump rally has gotten off to a roaring good start, it remains to be seen when — and more importantly, how — it'll end.

Persons: Walter Lundon, Donald Trump, Timothy A, Clary, you've, Russell, Venu Krishna, Mislav Matejka, Neel Kashkari, Kashkari, — CNBC's Sean Conlon, Yun Li, Jesse Pound, Hakyung Kim Organizations: New York Stock Exchange, Getty, CNBC, Dow Jones, Nasdaq, Trump, Barclays, JPMorgan, Minneapolis Locations: New York City

☆ CNBC Sport: ESPN Chairman Jimmy Pitaro on the most important bet in media
▼ + stars: | 2024-10-31 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +19 min

ESPN President Jimmy Pitaro , who I spoke with this week in an exclusive interview, doesn't shy away from that. Other media companies buy sports rights too, but ESPN buys more, and its entire existence is predicated on it. Yes, ESPN+ has existed since 2018, but ESPN+ has always been ESPN Lite, as I discussed in a CNBC documentary we put out earlier this year. "If that deal delivers for us in terms of growing our ratings, growing our reach – we got Flagship rights. "If that deal delivers for us in terms of growing our ratings, growing our reach – we got Flagship rights.

Persons: Alex Sherman, Jimmy Pitaro, doesn't, Pitaro, That's, it's, There's, Pitaro hasn't, Venu, Fubo, –, He's, Shams Charania, Pat McAfee, he's, Zach Lowe, Max Kellerman, Suzy Kolber, Robert Griffin III, Steve Young, Jalen Rose, We're, Alex, you've, Morgan, Cooper Flagg, Flagg, CNBC's Jess Golden, hasn't, Erik, Hag, Ruud van Nistelrooy, Ruben Amorim, Shohei, — Dwyane Wade, Wade, Michelangelo's David, Dwyane Wade Organizations: CNBC, ESPN, Walt Disney Company, Cable, Warner Bros . Discovery, Paramount Global, Disney, ESPN –, Monday, Football, NBA, WNBA, NHL, MLB, College Football, ACC, Masters, Wimbledon, UFC, Revenue, Flagship, CNBC Sport, Morgan Stanley Wealth Management, Gatorade, Manchester United, archrival Manchester City, English Premier League, Sky Sports News, Los Angeles Dodgers, Major League Baseball, Kaseya, Union of European Football Associations, The, Pickleball, CBS, Fox Sports, December's APP, ESPN Headquarters, Washington Post, The Washington Post Locations: Duke, Los Angeles, Dallas, Atlanta, Portuguese, Japan, Miami, Europe, Fort Lauderdale , Florida

☆ Running isn't just about fitness — these 8 products are shaping the new look of run clubs
▼ + stars: | 2024-10-30 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +7 min

Popular brands among runners will include Nike, Hoka, Bandit, and Lululemon. Luxury apparel companies like Minted New York and Loewe collaborate with running brands like Saucony and On Running, while even run clubs like Endorphins Running include merch drops. Reneé Noe, a running influencer who started the Noe Bad Vibes running club for women, said she sees AlphaFlys a lot, too. They blew up in popularity in the last few years; in 2021, they were dubbed as some of the most iconic running hats by Believe in the Run, a running media company. AdvertisementShe and Mazarra also said the running belt ($38) is a big hit in the running world, and Noe is a huge fan.

Persons: —, Loewe, Michael Mazarra, Mazarra, they're, Reneé Noe, Noe, Ciele's GOCaps, Nick Bare's, SPIbelt, fanny, FlipBelt, Gu, Eliud Kipchoge, Lululemon Noe, it's, Venu, COROS, Oakley, Lite Oakley Mazarra Organizations: Nike, Service, York City, Nike Nike, GOCap, FlipBelt, Maurten, Tech, PACE, Garmin, Pace, Oakley Locations: New York, Vaporflys, Brooklyn, New England, California

☆ Doesn't look like anybody is giving up in the streaming wars, says LightShed's Rich Greenfield
▼ + stars: | 2024-10-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDoesn't look like anybody is giving up in the streaming wars, says LightShed's Rich GreenfieldRich Greenfield, LightShed Partners co-founder, joins 'Squawk Box' to discuss news of the DOJ supporting an injunction against the launch of sports streaming service Venu, why he likes Reddit as a stock, state of the media streaming landscape, and more.

Persons: LightShed's Rich Greenfield Rich Greenfield, Venu, Reddit Organizations: LightShed Partners, DOJ

There's a common belief that lower borrowing costs benefit so-called growth stocks, as they're often capital-intensive. "History also suggests value should outperform growth, at least over the six months following the first rate cut," he said. If the economic situation becomes a "hard-landing," however, he said that growth stocks could outperform. If it normalizes (i.e., becomes more upward sloping), value should outperform growth," he said, referring to a situation where short-term rates are lower than long-term rates. "Lower multiple value stocks have greater upside and less risk than the pricier 'glamor growth' group for the foreseeable future," Ball said.

Persons: Adam Turnquist, Savita Subramanian, CNBC's, we've, Janjigian, Vanguard Russell, Venu Krishna, George Ball, Sanders Morris, Ball Organizations: U.S, Tech, CNBC Pro, LPL, BofA Securities, Greenwich Wealth Management, Vanguard, Index, Barclays, Krishna, Presidential Locations: U.S . Federal

☆ Don't see the point in chasing the market when valuations are 'quite full', says Barclays' Krishna
▼ + stars: | 2024-10-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDon't see the point in chasing the market when valuations are 'quite full', says Barclays' KrishnaVenu Krishna, Barclays head of U.S. equity strategy, joins 'Squawk on the Street' to discuss Krishna's price target for the S&P 500, if the market's broadened out, and if bond yields will be a headwind for equity markets.

Persons: Krishna Venu Krishna Organizations: Barclays

☆ CNBC Sport: A responsible look at women's sports exuberance
▼ + stars: | 2024-10-03 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +28 min

Media landscape shifts Most of the value in professional sports is propelled by media rights deals, and we're in an unusual sweet spot right now for sports. Still, gaining access to 11 teams' media rights is probably in the league's long-run best interest. You have the WNBA rights term worth $2.2 billion over 11 years with league expansion going from 12 to 15 teams. Media landscape shifts Most of the value in professional sports is propelled by media rights deals, and we're in an unusual sweet spot right now for sports. Still, gaining access to 11 teams' media rights is probably in the league's long-run best interest.

Persons: Alex Sherman, Jeff Zucker, Patrick Whitesell, Zucker, Scripps –, it's, Alex Michael, he's, Michael, they're, There's, Caitlin Clark, Michael said, weathers, AEW, I'm, Tony Khan —, he'd, Khan, US Networks Kathleen Finch, Max, hasn't, Finch, Rob Manfred, doesn't, CNBC's Lillian Rizzo, Craig Kilborn, Barrett, Jackson, Caitlin Clark's, You've, Soccer League's Nielsen, Tom Brady, Father, Brady, Jess Golden, Michael Jordan, Libs, Jim France, OneFootball, Lionel Messi, Jessica Pegula, CNBC's, Venu, Fubo, Venu …, Nike, Matthew Friend, John Donahoe, Elliott Hill, Sabrina Ionescu –, Jane Hali, Jessica Ramirez, AE1, Gabrielle Fonrouge, Ariel Atkins, DiDi Richards, Craig Hudson Organizations: CNBC, Endeavor, WNBA, NCAA, National Women's Soccer League, Amazon, CBS, ESPN, Scripps, NBA, Fox, NBC, Apple, Google, MLS, Clark, Warner Bros ., TNT, TBS, Warner Bros, Discovery, US Networks, Diamond Sports Group, U.S, Bankruptcy, Southern, Southern District of, Major League Baseball, Atlanta Braves, MLB, Holdings, UFC, WWE, WME Sports, ATP, Miami, NCAA Women's, Soccer, Angel City FC, NFL, Premier League, Netflix, Tech, CNBC Sport, Father Time, NASCAR, Motorsports, Major League Soccer, American, NHL, Buffalo Sabres, Bills, Disney, International Center for Law & Economics, Nike, New York Liberty, Air Force, Air Jordan, League Men's NCAA, Gonzaga, Pac, West Coast Conference, FloSports, Sports, Indiana Fever, Washington Mystics, Capital, Washington , D.C, Washington Post Locations: York City, Southern District, Southern District of Texas, OpenBet, U.S, Kobe, Washington ,

☆ DirecTV's CEO says its Dish acquisition 'isn't so much about bullying' media giants — but it's definitely about playing hardball
▼ + stars: | 2024-10-01 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

But there's another clear aim for DirecTV: getting more leverage over content providers. AdvertisementLike all pay-TV providers, DirecTV has been crushed by cord-cutting for the last decade or more. The satellite titan hopes to stem the tide by offering skinnier, genre-based bundles and streaming services at no extra cost, though industry observers doubt those moves can reverse declines. AdvertisementDirecTV may need to fight to surviveDirecTV has a survival plan: It wants to become the ultimate middleman between content providers and consumers. AdvertisementBut there's a space between bullying and collaboration, which is where the relationship between TV distributors and programmers usually stands.

Persons: —, Corey Martin, It's, Jon Greer, Venu, Bill Morrow, Morrow, Greer Organizations: DirecTV, Dish, Service, Dish Network, TPG, Disney, ESPN, ABC, Comcast, Granderson Des Rochers's Entertainment Finance, Sports, Hulu

☆ Disney's plans to future-proof its TV business could help kill the cable bundle even faster than expected
▼ + stars: | 2024-09-20 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Discovery to form sports streaming service Venu, which promised to offer access to tons of live sports at less than half the cost of traditional cable bundles. Unlike ESPN+, this service will have all of ESPN's content, including Monday Night Football games and shows like "First Take." Disney is doing everything it can to make sure it's not in the same boat — hence its investments in projects like Venu and ESPN Flagship. Despite that drawback, Nollen is optimistic about ESPN Flagship. If ESPN Flagship hits those milestones, it can fully offset the losses from pay TV, which it will — ironically — be partially responsible for.

Persons: —, Venu, Tim Nollen, Nollen, Fubo, Venu Sports, Craig Moffett, Michael Nathanson, MoffettNathanson, Margaret Garnett, Garnett, It's, Peacock Organizations: Service, Disney, Media, Business, Netflix, Fox, Warner Bros, ESPN, Football, US, DirecTV, ESPN Flagship, Paramount, NBC, CBS Locations: skinnier

DirecTV and Disney have reached a deal that brings Disney’s ESPN and other channels back to the pay-tv provider’s customers after a roughly two week blackout. On Saturday, DirecTV and Disney said they reached a deal that called for “market based terms” on pricing. DirecTV will be able to offer Disney’s streaming services in its packages and a la carte, the company said in a release Saturday. The amount of customers DirecTV lost during the dispute was not “immaterial,” said DirecTV Chief Marketing Officer Vince Torres at Goldman Sachs’ Communacopia & Technology Conference on Thursday. DirecTV offered its customers a $30 credit, financed by stopping payments to Disney as soon as the blackout began, Torres said.

Persons: Disney, DirecTV’s, Jimmy Pitaro, “, It’s, ESPN’s Pitaro, ”, Vince Torres, Goldman Sachs, Torres, Venu, DirectTV, ESPN — Organizations: DirecTV, Disney, ESPN, ABC, SEC Network, ACC Network, CNBC, U.S ., Hulu, Charter Communications, Technology Conference, Antitrust, Warner Bros, Discovery, Fox Corp, Federal Communications Commission, FCC

☆ David Zaslav risked Warner Bros. Discovery's future by passing on the NBA — and the gamble might pay off
▼ + stars: | 2024-09-14 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

NBA rights proved to be a hotter commodity than many expected — seemingly including WBD CEO David Zaslav. The Charter deal is a coup for WBDWall Street has had little confidence in Zaslav and company lately. AdvertisementAfter the news that WBD had done just that with Charter, Greenfield heaped praise on WBD. As great as WBD's deal with Charter may be, Greenfield doesn't believe Zaslav is out of the woods. If Zaslav surprises the Street again with his Comcast deal, his company may have better days ahead.

Persons: —, David Zaslav, NBCU, WBD's, Max —, WBD, Rich Greenfield, LightShed, Greenfield, Turner, Craig Moffett, MoffettNathanson, Moffett, Zaslav, Brian Roberts, Matt Belloni, Greenfield doesn't, Comcast's NBCU, Charter's, Venu, Brandon Ross Organizations: Service, Warner, NBA, Business, TNT, HGTV, Food Network, Comcast, DirecTV, Warner Bros, WBD, Charter, NBC Universal, Zaslav, Puck News, —, Disney Locations: Zaslav

Disney's networks went dark on Sept. 1 after the two sides could not agree to terms on fees and bundle structures. DirecTV called Disney anti-consumer, and ESPN Chairman Jimmy Pitaro called the responses DirecTV made to Disney's package offers "basically hypotheticals." The amount of customers DirecTV lost during the dispute was not "immaterial," said DirecTV Chief Marketing Officer Vince Torres at Goldman Sachs' Communacopia & Technology Conference on Thursday. DirecTV offered its customers a $30 credit, financed by stopping payments to Disney as soon as the blackout began, Torres said. This was the second dispute in a year that left pay TV customers without Disney's networks.

Persons: Disney, DirecTV's, Jimmy Pitaro, It's, ESPN's Pitaro, Vince Torres, Goldman Sachs, Torres, Venu, DirectTV, ESPN — Organizations: Clemson Tigers, season's, Clemson, NCAA Division, DirecTV, Disney, ESPN, U.S ., Atlanta Falcons, Philadelphia Eagles, CNBC, & Technology Conference, ABC, Antitrust, Warner Bros, Discovery, Fox Corp, Federal Communications Commission, FCC, Charter Communications

To help you decide whether ESPN Plus is right for your needs, we've answered all of your pressing questions, including how much is ESPN Plus and any available deals on subscriptions. ESPN Plus (Monthly Plan) ESPN Plus is designed for sports, giving subscribers access to live MLB, NHL, NFL, soccer, golf, and UFC fights. Hulu + Live TV Hulu + Live TV includes over 90 channels, along with Hulu's on-demand library and access to Disney Plus and ESPN Plus. If you already have a Hulu or Disney Plus subscription, your MyDisney account login information will be the same for ESPN Plus. Instead of launching a separate service, all ESPN Plus content is unlocked in the ESPN app once you subscribe.

Persons: we've, There's, Peyton Manning, What's, Hulu's, you'll, Venu, —, Fubo Organizations: Business, ESPN, ESPN Plus, NBA, MLB, NHL, NFL, UFC, Hulu, Disney Plus, Disney, ABC, ESPN3, ESPN2, ESPN ESPN, Fire, Apple, Google, Fox, Warner Bros, Discovery, TNT, TBS

☆ DirecTV is now paying customers to subscribe to competitors as Disney battle escalates
▼ + stars: | 2024-09-09 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —DirecTV wants its customers to stick with the service during an increasingly nasty dispute with Disney that threatens to black out tonight’s “Monday Night Football” game. So DirecTV developed an unusual strategy: It’s paying customers to subscribe to a rival. Affected customers of DirecTV, DirecTV Stream and U-Verse can get a free weeklong trial of Fubo for two of its packages that carry ESPN and Disney networks and an additional $30 off the first month of service. DirecTV is also giving its customers a $30 credit to sign up for Sling’s orange tier that includes ESPN channels. DirecTV said the deals are a “small way” to help customers while its fight over the expired distribution agreement with Disney stretches into a second week.

Persons: “ Disney, Venu ’, ’, Venu Sports, Fubo, Kamala Harris, Donald Trump, “, ’ ”, DirecTV’s, – CNN’s Robert Ilich Organizations: New, New York CNN, DirecTV, Disney, Sling, Dish Network, ABC, ESPN, Sunday, Federal Communications Commission, Fox Corp, Warner Bros, CNN, NFL Locations: New York

Disney and DirecTV are not likely to reach a deal in time for "Monday Night Football" according to people familiar with the matter. As a result of the fight, DirecTV customers were unable to see the U.S. Open and the first full weekend of the college football season. DirecTV alerted customers on Friday to competitor alternatives for watching ESPN and also said it would provide a $30 credit to customers. However, Charter and Disney reached a deal hours ahead of "Monday Night Football" that allowed customers to tune in that night. The dispute between DirecTV and Disney has led to mudslinging between the two companies reminiscent of most carriage fights.

Persons: Rob Thun, Venu —, Venu, Disney, It's, Jimmy Pitaro, Nielsen, Pitaro, Adam Schefter, DirecTV's Thun Organizations: ESPN, Jacksonville Jaguars, Cincinnati Bengals, EverBank, DirecTV, Disney, FX, ABC, U.S ., CNBC, Walt Disney Co, Fox Corp, Warner Bros, NFL, Federal Communications Commission, Charter Communications, New York Jets, San Francisco 49ers Locations: Jacksonville , Florida, American, U.S

☆ DirecTV files FCC complaint against Disney amid blackout
▼ + stars: | 2024-09-08 | by ( Robert Ilich | ) edition.cnn.com time to read: +2 min

CNN —DirecTV filed a complaint Saturday with the Federal Communications Commission alleging Disney did not negotiate in good faith as the two sides remain at an impasse on a distribution deal. ESPN owns the broadcast rights to “Monday Night Football,” which will be blacked out for DirecTV subscribers unless a deal is reached. “We continue to negotiate with DirecTV to restore access to our content as quickly as possible,” a Disney spokesperson told CNN on Sunday. The opening game for “Monday Night Football” features the New York Jets and San Francisco 49ers. The blackout also includes ESPN’s suite of channels and the Disney Channel, Disney Jr., FX and National Geographic.

Persons: Disney, “ Disney, Venu ’, ’ ”, Venu Sports, Kamala Harris, Donald Trump, “, San Francisco — Organizations: CNN — DirecTV, Federal Communications Commission, Disney, DirecTV, CNN, Fox Corporation, Warner Brothers Discovery, ABC, ESPN, NFL, Monday, New York Jets, San Francisco 49ers, Buffalo Bills, Jets, Disney Channel, Disney Jr, Geographic Locations: New York, Los Angeles, Chicago, Philadelphia, Houston, San, Fresno , California, Raleigh , North Carolina

☆ Cable TV's collapse deepens: 'It is becoming increasingly clear that there is no longer any floor'
▼ + stars: | 2024-09-03 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Pay-TV distributors — that's conventional cable guys like Comcast, satellite-TV outfits like DirecTV, and digital alternatives like YouTube TV — lost 1.6 million subscribers in the second quarter of 2024, according to analysts at MoffettNathanson. But not as bad as other Q2s, like in 2023, when the industry lost 1.7 million subscribers, or in 2022, when it lost 1.8 million subs. And in other good news for the TV industry … well, that's about it. That's why YouTube TV lost subscribers for the first time in the first quarter, and added only 50,000 subscribers in the second.

Persons: —, MoffettNathanson's Craig Moffett, Michael Nathanson, we've, Nathanson, Venu, Warner, Fox —, Moffett, James Faris, Jimmy Pitaro Organizations: Service, Comcast, DirecTV, YouTube, Business, Hulu, Moffett, Warner Bros, Disney, Fox, ESPN, ABC

☆ DirecTV is on the warpath against Disney in a battle it says is existential for cable TV
▼ + stars: | 2024-08-27 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

They really just want to disintermediate all of pay TV and drive everyone to themselves. Fresh off a vicarious victory over Disney, Thun is still looking for revenge. For DirecTV, it's skinny bundles or bustDirecTV believes these strict bundling requirements are to blame for putting pay TV on life support. Disney is "completely responsible" for the fall of pay TV, Pachter said, "because they think the only direction that retransmission fees should go is up." Without skinny bundles, pay TV is 'going to die'If skinnier bundles can't solve pay TV's woes, it's unclear what could.

Persons: —, Venu Sports, Venu, Rob Thun, Thun, Venu didn't, DirecTV's, Geo, They've, Venu wouldn't, Margaret Garnett, I'm, Michael Pachter, he'd, Pachter, Brian Wieser, Puck's John Ourand, Rich Greenfield, Greenfield, — we're, Wieser Organizations: Service, Disney, Fox, Warner Bros ., DirecTV, Business, ESPN, balk, YouTube, Wedbush Securities, Madison, Cable, Paramount, LightShed Partners, Charter Locations: Thun, Wall

☆ Judge temporarily blocks sports streaming service Venu, siding with Fubo on antitrust concerns
▼ + stars: | 2024-08-16 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Discovery and Fox from launching their sports streaming service, Venu, according to court filings. The temporary injunction, granted in response to a lawsuit brought by Fubo TV , comes just weeks ahead of the start of the National Football League season. Fubo, an internet TV bundle akin to the traditional pay TV package, alleged in its lawsuit that Venu was anticompetitive and would upend its business. Discovery, Fox and Disney's ESPN announced the formation of the joint venture streaming service in February. On Friday, Fubo said it intends to move forward with its antitrust lawsuit against the companies for their anticompetitive practices.

Persons: Venu, David Gandler, Fubo, Sen, Elizabeth Warren, Bernie Sanders, Joaquin Castro, Venu Sports, Judge Margaret Garnett, Garnett, " Garnett Organizations: NFL, ESPN, Chicago Bears, Minnesota Vikings, Soldier, Disney, Warner Bros . Discovery, Fox, Fubo TV, National Football League, Warner Bros, Discovery, Disney's ESPN, National Basketball Association, National Hockey League, Major League Baseball, ABC, TNT, TBS, Paramount, CBS, NBC Locations: Chicago, U.S, Texas

☆ How David Zaslav can save Warner Bros. Discovery as the cable bundle collapses, according to a top media analyst
▼ + stars: | 2024-08-14 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

AdvertisementThose moves show just how rapidly the cable TV business is unraveling. WBD's direct-to-consumer segment still loses money, and its streaming revenue actually declined 6% from last year — even though Max added 3.7 million subscribers. WBD added 3.9 million streaming subscribers abroad last quarter, thanks to its rollout across Europe ahead of the Olympics, which the company broadcasts outside the US. If that service attracts enough cord-cutters, it could help stop the bleeding in WBD's fast-declining pay TV business in a best-case scenario. Join forces with other media firmsAdvertisementAlthough WBD is struggling as the pay-TV business shrinks, the silver lining is that it's not alone.

Persons: —, David Zaslav, Patience, WBD wasn't, Max, Fox —, Tim Nollen, WBD, Nollen, Venu, NBA would've, it's Organizations: Service, Warner Bros, Business, Paramount, Macquarie Research, Disney, NBA, Comcast's NBC, MLB, NHL, TNT, TBS, Max, Hulu Locations: WBD, Europe, Latin America

☆ Tesla's unique approach to sales is giving it headaches
▼ + stars: | 2024-08-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

The big storyFor saleGetty Images; Jenny Chang-Rodriguez/BIOne of Tesla's biggest assets is its willingness to try new things, but its unique approach to sales is also what's giving it headaches. AdvertisementA key issue is Tesla's inability to evolve its sales tactics as the EV market rapidly changes . Business Insider's Grace Kay spoke to more than a dozen current and former employees in Tesla's sales division about how the company has tried to kick-start its sales unit . Not unlike its cars, Tesla's sales approach is innovative compared to the rest of the automotive industry. It's a great strategy when the cars sell themselves — which Teslas did for a while — since you don't need to maintain a traditional sales structure.

Persons: —, Jenny Chang, Rodriguez, It's, Elon Musk, Insider's Grace Kay, There's, Teslas, Justin Sullivan, Fintechs, chatbots, Rebecca Zisser, Goldman Sachs, James Knightley, Andy Jassy, Mike Blake, Chelsea Jia Feng, Venu, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, EV, Tech, Citadel, ING Economics, Big Pharma, Pfizer, Novo Nordisk, Department of Labor, Chevron, ExxonMobil Locations: New York, London

☆ The new sports streaming bundle will cost $43 a month — but won't have some of TV's most popular sports
▼ + stars: | 2024-08-01 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

What would you pay for a streaming service that gave you lots — but not all — of the biggest sports programming on TV? Most crucially, it won't include lots of NFL games, since the package doesn't include CBS, which has the national rights to AFC games on Sundays. Take the NFL out of traditional TV and there's almost nothing left at this point. If you wanted a streaming service that had all of the NFL games on traditional TV, you'd need a service like YouTube TV, which currently costs $73 a month. That's partly because the TV companies that are part of the bundle kind of believe that, and partly because they have a delicate relationship with pay TV distributors like Comcast.

Persons: Venu —, It's, Venu, they've, they're Organizations: Service, Disney, Fox, Warner Bros, ESPN, FS1, ABC, TNT, Business, CBS, AFC, NBC, NFL, YouTube, NBA, Comcast, Netflix, Bowl

☆ Sports streaming venture Venu priced at $42.99 a month
▼ + stars: | 2024-08-01 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

Venu Sports, the sports streaming joint venture between Disney's ESPN, Warner Bros. The high-end pricing — common in direct-to-consumer sports streaming services — was expected in part so it wouldn't shake up any carriage agreements with traditional pay TV distributors. Live sports remain the highest rated TV programming and are the most costly part of the pay TV bundle. Users who sign up for Venu at $42.99 a month will have access to that entry pricing for 12 months, Venu noted Thursday — signaling there could be price increases ahead. The upcoming bundle will be priced at $16.99 a month with ads, and $29.99 a month ad-free.

Persons: Venu Sports, Venu, Pete Distad, Distad Organizations: NFL, ESPN, Chicago Bears, Minnesota Vikings, Soldier, Disney's ESPN, Warner Bros . Discovery, Fox Corp, Venu Sports, Fox, Sunday NFL, Monday, Football, CNBC, Apple, Hulu, NBA, NHL, MLB, ABC, TNT, TBS, Disney, Warner Bros, Max Locations: Chicago, U.S

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