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UFC media rights are up for renewal next year, and TKO Group Chief Operating Officer Mark Shapiro tells me he thinks Netflix could be getting in the ring. "I think absolutely, they'll be at the table on UFC," Shapiro said in an exclusive CNBC Sport interview. Still, even with the WWE deal, Netflix didn't fully embrace its new role as a platform for live sports. "I think absolutely, they'll be at the table on UFC," Shapiro said in an exclusive CNBC Sport interview. Still, even with the WWE deal, Netflix didn't fully embrace its new role as a platform for live sports.
Persons: Alex Sherman, Mark Shapiro, Shapiro, They've, We've, Ted Sarandos, Sarandos, it's, Jake Paul, Mike Tyson, Netflix hasn't, we're, Tyson, Paul, It's, Vince McMahon, McMahon, He's, he's, , We're, Dick Clark, Paul Levesque, Dana White, Stan Kasten, Adam Silver, Adam, I'm, That's, Juan Soto, Shohei, Ohtani, Kasten, Jonathan Kraft, Sportico's, Kraft, Babe Ruth, Collect, Ruth, Red Ruth, Deiveson Figueiredo, Brandon Moreno, Louis Grasse Organizations: CNBC, UFC, Netflix, WWE, Disney, MMA, National Football League, NFL, Dick Clark Productions, Golden Globe, , Professional Bull Riders, Endeavor, PGA Tour, Comcast, Dodgers, NBA, Major League Baseball, New York Yankees, Nice, CNBC Sport, Ham Fighters, Summer, NBC, Tennis, Consumers, New England Patriots, Boise State, Louis Locations: U.S, Canada, It's, Los Angeles, Ohtani's, Hokkaido Nippon, Oregon, Gila, Glendale , AZ
Kostin expects the S&P 500 equal-weighted index and mid-cap stocks to gain from a broadening market. Today, the 10 largest stocks in the S&P 500 make up 36% of the entire index by market capitalization. Related storiesThis gap between the top S&P 500 performers and the rest of the index hasn't occurred since the dot-com bubble. "The evidence is strongly in support of the fact that growth rates for high revenue growth companies tend to fade," he added. For that reason, Kostin is expecting the S&P 500 equal-weight SPW index to outperform the market-cap-weighted S&P 500.
Persons: David Kostin, Kostin, , Goldman Sachs, Kostin isn't, that's, he's Organizations: Service, Big Tech, Intel, Microsoft, Cisco
Mike Verdu, Netflix's former games chief, is now leading AI-driven game development. Netflix's games division, launched in 2021, has faced shifts and leadership changes. AdvertisementMike Verdu, Netflix's former games chief, has moved into a new role: he's now leading a generative AI gaming division at the streaming giant. Netflix launched a games division in 2021. He wrote that after Netflix games started to scale up, he recognized his strength was in running smaller teams.
Persons: Mike Verdu, , he's, Verdu, he'd, Alain Tascan, Greg Peters, Netflix's, there's, We've, Verdu didn't Organizations: Service, LinkedIn, Netflix, Epic Games
Netflix's new games president, Alain Tascan, appointed Jeet Shroff as VP of games tech. Shroff, like Tascan, came from Epic Games, where he was VP of games development. Netflix's games division conducted layoffs last week. And only a tiny percent of Netflix's subscribers had played its games as of 2023, per data from analytics firm Apptopia. He added that while games' impact on the business is small, it's also a small part of Netflix's content investment overall.
Persons: Alain Tascan, Jeet Shroff, Shroff, , he's, Tascan, Mike Verdu, Greg Peters, Peters, it's, Netflix hasn't Organizations: Epic, Netflix, Service, Epic Games
Here are the biggest calls on Wall Street on Tuesday: Morgan Stanley initiates LatAm Airlines at overweight Morgan Stanley says shares of the Latin American airline are undervalued. " Morgan Stanley reiterates Tesla as overweight Morgan Stanley says it's sticking with Tesla ahead of the company's robotaxi day. Bank of America upgrades Alcoa to buy from neutral The firm says the aluminum company is uniquely positioned. Goldman Sachs upgrades Ford to buy from neutral Goldman says it likes the auto giant's "opportunity in software and services." Morgan Stanley reiterates Nvidia as overweight Morgan Stanley says it's standing by the dominant maker of AI processors.
Persons: Morgan Stanley, LTM, Tesla, Oppenheimer, it's, Goldman Sachs, Goldman, Raymond James, Atlassian, Hewlett Packard, it's bullish, Jefferies, KeyBanc, Davidson, Patrick, Wells, Nvidia's Blackwell, Raymond James downgrades Disney Organizations: LatAm, Bank of America, Alcoa, AA, Barclays, Apple, Citi, Anheuser, Busch InBev, Ford, HP, Meta, Google, YouTube, UBS, Netflix, Resources Locations: U.S, Mexico, Florida, Parks
Speaking to reporters at a press conference attended by Business Insider ahead of the "Grotesquerie" premiere, Murphy explained how the unexpected casting came about. This story is available exclusively to Business Insider subscribers. "I always have a motto in my world and in my work that a star is a star is a star," Murphy explained. Murphy had just started on pre-production on "Grotesquerie," and he offered to tailor a part in the show specifically around Kelce. According to Murphy, Kelce spent months working with an acting coach, showed up to set off-book, and knew everybody's lines.
Persons: , Taylor, Travis Kelce's, Ryan Murphy, Murphy, Kelce, he'd, Kelce he'd, Travis Kelce, Lois Tryon, Niecy Nash, Betts, Micaela Diamond, hasn't, Nash, Netflix's, Lyle, Erik Menendez, He's Organizations: Service, Business, The Kansas City Chiefs, Kelce Locations: Kelce, The, Hulu
To many, "Baby Reindeer" is known as the Netflix series that swept the internet in the spring of 2024 with its harrowing, seemingly true tale based on creator Richard Gadd's experience of being stalked. Richard Gadd as Donny Dunn and Jessica Gunning as Martha Scott in "Baby Reindeer." The drama over "Baby Reindeer," which has been both a boon and a threat to the streamer, reflects a larger reckoning for prestige TV's favorite pastime: adapting true stories. Atsushi Nishijima/Netflix Show less "Baby Reindeer." Harvey's lawyer Roth doesn't think Netflix particularly cared about the risk of legal action when it greenlit "Baby Reindeer."
Persons: Richard Gadd's, Fiona Harvey, Gadd, Donny, he'd, Martha Scott, Martha, Richard Gadd, Donny Dunn, Jessica Gunning, Ed Miller, Piers Morgan, Harvey, Rachel DeLoache Williams, Anna Delvey, Anna Sorokin, Anna, Linda Fairstein, Ava DuVernay, Fairstein, Felicity Huffman, Katie Lowes, Rachel, Julia Garner, Laverne Cox, Duke, Alexis Floyd, Neff, Aaron Epstein, Buster Murdaugh, Alex Murdaugh, Kelly's, Kelly, Richard Roth, Joan of Arc, Victoria Price, Judge Horton, Ruby Bates, Bates, Michael, Bette, Joan ", Olivia de Havilland, we're, they're, Macbeth, Atsushi Nishijima, Griselda Blanco's, Griselda, Harvey's, Roth, There's, Jeff Lewis, there's, Lewis, Netflix hasn't, Jackie Ward, Ward Organizations: Netflix, Business, Former New York, Neff Dav, Lifetime, Hollywood, NBC, Scottsboro, Disney Locations: Scottish, England, California, Former New York City, Tennessee, New York, Los Angeles
But people looking for a flashy new design in Tesla's more traditional car lineup are stuck waiting for now. The Model S and Model X used to be the ultimate status symbol. In 2020, TikTok star Addison Rae made headlines when she was spotted in her bright pink Tesla Model X. And the design of the Model S and Model X hasn't been meaningfully updated since 2021. "If you start announcing some great thing, it affects our near-term sales," Musk said on Tuesday.
Persons: , Tesla, Addison Rae, Brian Moody, Elon Musk, Tesla's, Edmunds, Ivan Drury, that's, Moody, Musk, Osborne, Stephanie Valdez, Valdez, Streaty Organizations: Service, Business, Cox Automotive, Streaty, Cox Automotive Industry, EV
The S&P 500 has gone 377 days without a 2.05% sell-off. That's the longest stretch for the benchmark since the great financial crisis, according to FactSet data compiled by CNBC. Zoom In Icon Arrows pointing outwards The S&P 500 has gone 377 days without a selloff of 2.05% or more, which is the longest period since the Great Financial Crisis. Year to date, the S&P 500 is up more than 14%. Zoom In Icon Arrows pointing outwards The S&P 500 has notched the longest stretch without a 2.15% or more gain since the Great Financial Crisis.
Persons: Angela Weiss, Adam Turnquist Organizations: New York Stock Exchange, Afp, Getty, CNBC, Nvidia, LPL
Read previewNetflix seemingly has no plans for "Baby Reindeer" season two, but the Fiona Harvey controversy could easily be turned into a drama series of its own. Netflix could now dramatize the controversy surrounding Harvey and Gadd, which has unfolded since the show's release on April 11. Piers Morgan and Fiona Harvey on "Piers Morgan Uncensored." Piers Morgan Uncensored/YouTubeA second season could take a similar approach to another biographical Netflix drama: "Scoop." Considering the delicate nature of the events surrounding Gadd, Harvey, and Morgan, it would make sense to cast actors to play them.
Persons: , Fiona Harvey, Richard Gadd's, Donny Dunn, Martha Scott, Dunn, Scott, Gadd, Harvey, Piers Morgan, Viewers, Richard Gadd, Gillian Anderson, Rufus Sewell, Prince Andrew, Morgan, Netflix hasn't, Gadd's Organizations: Service, Business, Netflix, BBC, Lions
Read previewElon Musk, at an exclusive April dinner, commiserated with a group of billionaires about their distrust in Democratic politicians like Joe Biden, according to a new report by Puck. The outlet reported that Musk and venture capitalist David Sacks hosted the private event at Sacks' $23 million estate in the Hollywood Hills. This story is available exclusively to Business Insider subscribers. Related storiesRepresentatives for Musk, Sacks, and other dinner attendees identified by Puck did not immediately respond to requests for comment from Business Insider. "In the past I voted Democrat, because they were (mostly) the kindness party," Musk wrote in a tweet in May 2022.
Persons: , Elon, Joe Biden, Puck, David Sacks, Sacks, Peter Thiel, Travis Kalanick, Steven Mnuchin, Donald Trump, Biden, Musk, Michael Milken, Milken's, Milken, Trump, OpenSecrets, Don Lemon, Lemon Organizations: Service, Hollywood, Business, Democratic, Biden, Houston Chronicle, SpaceX hasn't, Trump, National Republican Congressional Committee, Democratic Party, Republican, The New York Times, CNN Locations: Palm Beach , Florida
Video ads within Roblox are similar to real-world digital out-of-home advertising. A Roblox Portal Ad for a "Teenage Mutant Ninja Turtles" pizza party experience. Roblox/GamefamRoblox's partnerships boss, Christina Wootton, previously told Business Insider that while 2023 was a year of testing, 2024 would be the "year of scale" for its ads business. Roblox ads are labeled and can only be served to users over the age of 13, the company said. "If you literally just slap ads within the game, people are going to run a mile," Litman added.
Persons: Roblox, we'll, Stephanie Latham, Christina Wootton, Michael Guthrie, Latham, Ben Fox, David Vesper, it's, Nathan Pillot, Pillot, It's, Michael Litman, Litman Organizations: Business, Walmart, Warner Bros . Pictures, HUGO, Meta, Yahoo, Google, Social, viewability, Media.Monks, Logitech Locations: Roblox
Evercore ISISurprisingly strong economic growth will fuel a 5.5% year-over-year jump in corporate earnings this quarter, according to Evercore. That would be well above analysts' consensus of about 3% but below the nearly 8% growth rate in Q4. 8 stocks set to outperform soonThough US stocks broadly may be in for a rough ride, stock-pickers shouldn't get too worried. To help with the search, Emanuel and company highlighted eight stocks set to outperform during the Q1 earnings season. Below are the eight companies listed in alphabetical order along with their ticker, market capitalization, sector, expected earnings release date, year-to-date earnings revision, and expected earnings growth rate relative to their sector peers.
Persons: , Julian Emanuel, Emanuel, recalculate, Evercore, Emanuel's, didn't, shouldn't, Zscaler Organizations: Service, ISI, Business, PPG Industries
Netflix's "Perfect Match" season two will premiere sometime this summer. AdvertisementNetflix's super-reality show "Perfect Match" is coming back — and you'll recognize a few familiar faces from "Love Is Blind." We don't know too much yet about "Perfect Match" season two — but here's everything that we've learned so far. When will 'Perfect Match' season 2 premiere? But host Nick Lachey confirmed during the "Love Is Blind" season six reunion that it would be hitting screens sometime this summer.
Persons: alums Izzy Zapata, Micah Lussier, Jessica Vestal, , it's, we've, Nick Lachey, Vanessa Lachey, Izzy Zapata, Micah, Jess, Izzy, Lachey, Vestal, Zapata, Stacy Snyder, didn't, Lussier, Paul Peden, Netflix hasn't, Constantin, Trevor Sova, Sova's, Natalia Coelho, Harry Jowsey, Reality Ashley, Dom Gabriel, Jowsey Organizations: Service, Netflix, Clemson, TMZ, Jowsey Locations: Mexico
Rivian will sell a rooftop tent with a built-in projector for its new models, TechCrunch reported. The tent, called "Treehouse," will be sold as an accessory to its upcoming R2 and R3 models, TechCrunch reported. AdvertisementThe Rivian Treehouse is our take on the rooftop tent. The EV maker is taking $100 preorders for the R2 SUV, with prices for the vehicle starting at $45,000. AdvertisementOwners can also camp inside the R2 SUV as every seat can be folded down.
Persons: Rivian, , Rivian's, Brian Gase, Gase, lanning Organizations: TechCrunch, EV, Service
Read previewWarning: Spoilers ahead for the "Love Is Blind" season six finale. When Clay said "I don't" to AD at the altar in the season six finale of "Love Is Blind," the only one who was surprised was AD herself. AdvertisementMargarita was already an MVP when she first showed up earlier this seasonClay's mom first appears on "Love Is Blind" season 6 episode 9. NetflixClay's mom Margarita had already won legions of "Love Is Blind" fans over with her no-nonsense attitude when she first showed up in episode nine. The "Love Is Blind" season six reunion airs March 13 at 9 p.m.
Persons: , Clay, Margarita, Trevor, Margarita masterfully, Margarita doesn't, Clay —, Sarah Ann, DM'ing, they're, Here's, I've, I'm, Netflix It's, it's Organizations: Service, Business, Netflix Locations: Clay, Margarita, Chelsea, Jimmy's
Record highs in the stock market have yet to be confirmed by a more than 100-year-old indicator. Dow Theory says both indexes need to move in tandem to confirm a bull market in stocks. AdvertisementRecord highs in the stock market have yet to be confirmed by a more than 100-year-old indicator: Dow Theory. The current divergence between the two major stock market averages represents a tactical risk for US equities in 2024, according to a recent note from Bank of America. The continued weakness in the Dow Jones Transportation Average is a red flag because transportation stocks are viewed as a leading indicator for the stock market and economy.
Persons: Dow, , Stephen Suttmeier, Charles Dow Organizations: Dow Transportation, Dow, Dow Theory, Service, Dow Jones, Dow Jones Transportation, Bank of America, " Bank of America, FedEx, UPS Locations: lockstep
Antara Foto/Jojon/via REUTERS Acquire Licensing RightsLONDON, Nov 1 (Reuters) - The bears are out in force on the London Metal Exchange (LME) nickel market. The global nickel market is entering a period of massive oversupply thanks to an Indonesian production boom. INSG assessed monthly nickel supply-demand balanceBIG SURPLUSThe big short is a bet on a big surplus. The global nickel market moved into supply-demand surplus in May last year and has been there ever since, according to the International Nickel Study Group. The exact timing of that tipping-point is still unknown, which means the big short is still a big bet that the supply chain can close the nickel product gap sooner rather than later.
Persons: Antara, aren't, it's, It's, Kirsten Donovan Organizations: PT Vale Indonesia, REUTERS Acquire, London Metal Exchange, Fund, Investment, Study, EV, Shanghai Futures, GAP Indonesia, Jingmen, New Energy Science, Reuters, Thomson Locations: Sorowako, South Sulawesi, Indonesia, Indonesian, London
Use of X on both iOS and Android is down by 17.8% compared to last year, according to SimilarWeb. Musk has big plans for X, rolling out new features and discussing new ideas at a recent all-hands meeting. These latest usage estimates echo Insider's previous reporting in September on X use and downloads decreasing since Musk's takeover. He wants X to be the "everything app," similar to the Chinese app WeChat. Most recently, the X app introduced the option to hold video and voice calls on X.
Persons: , Elon Musk, X, X hasn't, Linda Yaccarino, Yaccarino, Musk, Insider's Kali Hays Organizations: Service, Axios, Wall Street
Every media rights renewal for the NBA is an important event because it only happens about once a decade. But with the National Football League's media rights locked up until 2033, the NBA has a unique opportunity to play media kingmaker. CNBC first reported NBCUniversal's interest in again airing NBA games earlier this year. Carving up the piewatch nowThe NBA will have to balance demand against restricting supply to maximize the price for rights. Discovery's TNT, NBA TV, NBA League Pass or a regional sports network.
Persons: Jimmy Butler, Jamal Murray, Justin Edmonds, clamor, John Skipper, Ted Sarandos, Netflix hasn't, We've, Sarandos, that's, Netflix's Ted Sarandos, Jeff Kravitz, That's, Serbian Nikola Jokić, Victor Wembanyama, It's, Peacock, Michael Jordan, Discovery's Max, Aurelien Meunier, Kevin Durant Organizations: Miami Heat, Denver Nuggets, Ball Arena, Getty, Basketball, Comcast, Google, Apple, Netflix, YouTube, NBA, Disney, Warner Bros, Discovery, National Football, ESPN, Global, Slovenian Luka Dončić, Dallas Mavericks, San Antonio Spurs, NBCUniversal, NBC, CNBC, U.S, Metropolitans, Nielsen, Major League Soccer, Major League Baseball, ABC, TNT, NBA TV, Twitter Locations: Denver , Colorado, NBCUniversal, Hollywood , California, Australia, Brazil, Canada, France, Germany, Italy, Japan, Korea, Mexico, Spain, United Kingdom, United States, Slovenian, Serbian, Levallois, Perret, U.S
TSMC and a group of unions are in talks to address Arizona workers' safety and training concerns. AdvertisementAdvertisementThe monthslong feud between the world's leading chipmaker and the union workers building its Arizona factory isn't over. "We've had discussions with TSMC , and we've provided what we feel is a good framework for an agreement," she said. The unions are specifically seeking a project-labor agreement, a legally binding collective bargaining agreement that is unique to the construction industry. The TSMC construction site in Phoenix.
Persons: , Brandi Devlin, hadn't, TSMC, We've, we've, we're, Devlin, Jacob Zinkula, Joe Biden, Gina Raimondo, Arizona, Phoenix hasn't, Aaron Butler Organizations: Service, Taiwan Semiconductor Manufacturing Co, Arizona, PLAs, chipmaker Micron, US, Phoenix Jacob, Department of Commerce, Commerce Department Locations: Arizona, New York, Phoenix, China, America, TSMC, Taiwan
Evan Luthra, an app developer, entrepreneur and angel investor, told CNBC he lost $2 million dollars in the collapse of FTX. Jake Thacker, an FTX customer in Portland, Oregon, told CNBC he lost hundreds of thousands of dollars shortly after losing his job in the tech industry. "I was like, oh my goodness, there's all these big name people utilizing FTX," Kannegundla said. Bhagamshi Kannegundla, an FTX customer, told CNBC he sold his bankruptcy claim to reinvest in crypto. Years later, if the FTX bankruptcy process recovers more than the 11 cents on the dollar for his claim, the buyer pockets the difference.
Persons: FTX's, hasn't, Evan Luthra, Luthra, FTX, Bitcoin, everybody's, Sam Bankman, He's, Fatih Aktas, Jake Thacker, Thacker, I'm, CNBC Thacker, Bhagamshi Kannegundla, Larry David, Kannegundla, Bhagamshi, Sunil Kavuri, Kavuri, Brett Harrison, Harrison, he's, Anthony Scaramucci, didn't Organizations: CNBC, Manhattan Federal, Anadolu Agency, Getty, Sequoia, Nurphoto, FTX's, FTX, Financial Technologies, Skybridge Locations: Miami, Manhattan, New York, United States, Portland , Oregon, FTX's, Bahamas, U.S, cryptocurrencies
Amazon revealed new stats about its viewers to ad buyers to pitch Prime Video advertising, which will roll out early next year. Prime Video users can opt out of advertising by paying $2.99 more per month. The stats suggest that advertisers will be able to target younger viewers with Prime Video ads. Prime Video ads will appear in Originals content as well as licensed TV and movies, according to the document. And while Amazon hasn't shared pricing for Prime Video ads, advertisers expect them to be priced reasonably.
Persons: Jake Gyllenhaal, Anne Hathaway, Smith, Amazon, Jon Morgenstern, OTT, We're, Netflix hasn't Organizations: Amazon, Intelligence, YouTube, Netflix, Disney Locations: Canada, Germany, France, Spain, Italy, Mexico, Australia, Amazon's, VaynerMedia
AdvertisementAdvertisementMore than a thousand changes have been made to the rocket since and it is now "ready to launch" again Musk recently said. SpaceX's enormous Starship mega-rocket is made of two stages: the Starship spaceship and its booster, the Super Heavy booster. The Starship-Super Heavy launch system is made up of two stages. Instead, for Starship's maiden test flight, SpaceX decided to see if they could absorb the force of the flames with a thick concrete launchpad alone. The FAA will still need to review the changes made to the Starship launch system before it can grant a new license.
Persons: Elon Musk, Musk, it's, Abhi Tripathi, Starship's, Tripathi, Ashlee Vance, Vance, hushes, , SpaceX's, LabPadre, SpaceX hasn't, It's, April's, Polly Trottenberg, Jared M, Margolis Organizations: SpaceX, Service, NASA, Super, Mission, University of California's, Sciences Laboratory, Flight Safety, FAA, Bloomberg, Boca Chica, CNBC, Texas Commission, Environmental, Center for Biological Diversity Locations: Wall, Silicon, Starship's, Boca Chica , Texas
The former president broke his hiatus from the app formerly known as Twitter to post his mugshot. It's a tacit recognition that X is still the place that moves the internet. But Trump's decision to post his mugshot to X, there is a tacit recognition that X is still the place that moves the internet, despite all of its serious shortcomings. It's unclear if Trump will start posting more frequently to X or go back to posting as usual on Truth Social. Either way, it's clear that X remains the place that makes the internet go round.
Persons: Donald Trump's, It's, Donald Trump, Twitter, it's, Elon Musk, Trump, hasn't, X hasn't, Mark Zuckerberg's Organizations: Twitter, Elon, Trump Locations: Fulton County , Georgia, SensorTower
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