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Search resuls for: "Lillian Rizzo"


8 mentions found


☆ FedEx's bleak warning could reflect global economy − and company's own shortcomings
  + stars: | 2022-09-21 | by ( Lillian Rizzo Jack Stebbins | Lillian Rizzo | Jack Stebbins | ) www.cnbc.com   time to read: +5 min
But some analysts note the relative stability of rivals UPS and DHL, and said FedEx's own failure to adapt also contributed to its performance. related investing news Does FedEx's bleak outlook flash a warning signal for investors? Kanarek was among the analysts who noted the mix of factors − internal and external − that likely played a role in FedEx's disappointing results. Confronting realitySome experts see FedEx's performance as an overdue confrontation with market realities coming out of the pandemic, which the company previously failed to acknowledge. If demand continues to slow and manufacturers require less production, Hoexter said FedEx could start to see freight volumes soften too.
☆ Two veteran sports execs launch firm aiming to invest up to $50M in early-stage companies
  + stars: | 2022-09-20 | by ( Lillian Rizzo | ) www.cnbc.com   time to read: +3 min
Two longtime sports executives are launching an investment firm they say will back startups capitalizing on the growing opportunities at the intersection of sports, media and entertainment. Velocity Capital Management said Tuesday it will invest up to $50 million in early-stage companies with enterprise values of up to $2 billion. "Camp is a business that cuts across some of the things we've been looking at as a firm," said Abrams. Before joining Harris Blitzer Sports & Entertainment as its chief investment officer in 2018, Abrams served as a partner at Apollo for much of his career. Rees previously guided Sportradar, a data firm that works with sportsbooks, sports federations and media companies, through its IPO in 2021.
☆ Peloton adds $3,195 rowing machine to fitness machine lineup
  + stars: | 2022-09-20 | by ( Lillian Rizzo | ) www.cnbc.com   time to read: +1 min
Peloton is adding a line of rowing machines to its lineup as the company works through a restructuring to expand its customer base and return to a profit. The fitness machine maker said on Tuesday it's launching Peloton Row, which starts at $3,195 and is now available for pre-order on its website. The rowing machine, which also requires a $44-a-month membership to Peloton's exercise classes and programs, joins the lineup of Peloton Bike, Peloton Bike+, Peloton Guide and Peloton Tread. Peloton Row, which had reportedly been in the works for some time, comes as the company has been working through a restructuring in recent months. Peloton had said it aims to reach break-even cash flow on a quarterly basis in the second half of fiscal 2023.
☆ Canela.TV, a free Spanish-language streaming service with 23 million users, launches original shows
  + stars: | 2022-09-16 | by ( Lillian Rizzo | ) www.cnbc.com   time to read: +3 min
An upstart Spanish-language streamer is taking a big step into original content. Those networks and other Spanish-language content have captured some of the fastest-growing traditional TV audiences when it comes to average daily household viewership, according to data provider Samba TV. Canela said its streaming platform, which is available in the U.S., Mexico and Colombia, has 23 million unique users. Similar free ad-supported streaming services like Paramount Global's Pluto and Fox's Tubi have said they have nearly 70 million and 51 million active users, respectively. By the end of 2022, it will have 537 hours of original content.
☆ Disney CEO Bob Chapek says he'd like to own all of Hulu 'tomorrow' but says chances of an early deal are slim
  + stars: | 2022-09-15 | by ( Alex Sherman Lillian Rizzo | Alex Sherman | Lillian Rizzo | ) www.cnbc.com   time to read: +2 min
Disney Chief Executive Officer Bob Chapek said he'd love to own Comcast's 33% stake in Hulu "tomorrow" but acknowledged the chances of an early deal are "less and less" as 2024 approaches. Comcast has an existing mutual agreement with Disney to sell its minority Hulu stake as early as January 2024. Comcast CEO Brian Roberts said Wednesday he would also like to own Hulu if Disney decided to put the streaming service up for sale. The best way to value Hulu is to figure out what it would sell for in a theoretical auction, Roberts said Wednesday at the conference. Chapek told Faber this year's dip in the public valuation of Netflix should factor in to the eventual sale price.
☆ Disney CEO Bob Chapek says ESPN will never take bets
  + stars: | 2022-09-15 | by ( Lillian Rizzo | ) www.cnbc.com   time to read: +1 min
Disney Chief Executive Bob Chapek said Thursday that the company's sports network ESPN is looking for a partner to help it step into sports gambling. Now we're going to need a partner to do that, because we're never going to be a book, that's never in the cards for the Walt Disney Company," Chapek told CNBC's David Faber said in an exclusive interview. Initially, Loeb pushed for Disney to spin out the sports property, saying it would be easier for it to take part in certain initiatives, such as sports gambling. Sports betting was at the core of Loeb's earlier push to spin off ESPN. Loeb's reversal came shortly after Chapek told reporters during Disney's D23 Expo that he had big plans for ESPN's future, without disclosing details.
☆ Comcast executives expect Disney to stick to its agreement to acquire the remaining stake in Hulu
  + stars: | 2022-09-02 | by ( Alex Sherman Lillian Rizzo | Alex Sherman | Lillian Rizzo | ) www.cnbc.com   time to read: +3 min
The future of Hulu continues to be an open question as Comcast and Disney still haven't agreed on terms that will settle the company's future ownership. But Comcast executives are planning on Disney buying them out — even if they'd prefer otherwise. Disney owns two-thirds of Hulu and has an option to buy the remaining 33% from Comcast as early as January 2024. Some analysts and industry watchers have speculated Comcast might try to buy Hulu from Disney rather than the other way around. Disney could have positioned Hulu as its advertising play going forward, but CEO Bob Chapek has chosen to make versions of both Disney+ and Hulu with and without commercials.
☆ Top Fox News personalities face questioning as Dominion Voting's defamation lawsuit moves forward
  + stars: | 2022-09-02 | by ( Lillian Rizzo | ) www.cnbc.com   time to read: +3 min
Alexi Rosenfeld | Getty ImagesNext week, Maria Bartiromo will join the parade of Fox personalities who are being called to answer questions in Dominion Voting Systems' defamation lawsuit against the network. Dominion has argued that Fox Corp. 's Fox News and Fox Business made false claims that its voting machines rigged the results of the 2020 election between Donald Trump and Joe Biden. But in December, the Delaware judge overseeing the Dominion case denied Fox News' request to have the case dismissed. Fox has asked the court to keep all of the collected materials private, claiming that Dominion mischaracterized what the documents show as actual malice. FOX Business' "Mornings With Maria" anchor Maria Bartiromo at Fox Business Network Studios on April 6, 2018 in New York City.
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