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☆ Altice USA in talks to sell Cheddar News to private equity firm Regent
▼ + stars: | 2023-12-11 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

Altice USA is in talks to sell the financial news streaming service Cheddar News to LA-based private equity firm Regent LP, according to people familiar with the matter. Instead, Altice USA would participate in Cheddar's future performance as part of a so-called "earn out" structure. Since then, Altice USA, the fourth-largest U.S. cable provider, behind Comcast , Charter and Cox, has looked to shed assets as its stock price has plummeted. Altice USA has also considered selling U.S. cable asset Suddenlink but dropped those plans in late 2022. The New York Times reported Altice USA was considering selling Cheddar earlier this year.

Persons: Jon Steinberg, Dexter Goei, Steinberg, Goei, Regent, Ralph Lauren, Regent didn't Organizations: USA, Regent, Altice, CNBC, Altice USA, Comcast, Cox, Sightline Media, Sunset Magazine, Time Inc, Club Monaco, New York Times Locations: LA, USA, Altice USA, U.S, Tegna

☆ Disney+ adding Hulu integration as streaming bundles accelerate
▼ + stars: | 2023-12-06 | by ( Drew Richardson | ) www.cnbc.com time to read: 1 min

The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Disney is beginning to roll out a Hulu integration on its Disney+ streaming platform in a bid to bundle subscribers. The company offers a bundle of Disney+ and Hulu, but Wednesday's release is part of a push to integrate the two platforms. Disney last month agreed to buy the remaining one-third stake in Hulu that was owned by Comcast's NBCUniversal. The Hulu integration is available to people who subscribe to the bundle, albeit in a limited form for now, according to a post on Disney's website.

Persons: Comcast's NBCUniversal Organizations: Disney Locations: Brooklyn, New York, Hulu

☆ Charter shares plunge after chief financial officer says company may lose broadband subscribers in fourth quarter
▼ + stars: | 2023-12-05 | by ( Drew Richardson | ) www.cnbc.com time to read: +1 min

Charter shares plunged more than 8% Tuesday after its Chief Financial Officer Jessica Fischer said the company could lose broadband subscribers in the fourth quarter. Charter competitor Comcast 's stock also slipped more than 3% in midday trading. Comcast reported it lost 18,000 broadband subscribers in the third quarter. Even so, Fischer believes Charter will return to subscriber growth, citing a potential rebound in the housing market. Adding "value back into video," referring to Disney and Charter's deal to include Disney+ in some Spectrum plans, will also drive competitiveness for Charter, Fischer added.

Persons: Jessica Fischer, Fischer Organizations: Comcast, UBS Global Media, Communications Conference, Disney, Charter, CNBC, CNBC PRO

☆ Emma Stone met her husband when she appeared on 'Saturday Night Live' in 2016. Here's a complete timeline of their relationship.
▼ + stars: | 2023-12-03 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +7 min

Emma Stone has been married to husband Dave McCary since 2020. The couple met in 2016 on "Saturday Night Live," where McCary worked as a writer and director. December 2016: Emma Stone hosts "SNL" for the third time and meets director Dave McCaryEmma Stone during her "Saturday Night Live" monologue on December 3, 2016. According to People , it was during the filming of this sketch that Stone met McCary, who had been working as a segment director for the show since 2013. "Emma Stone gives a second life to a white dress specially designed for her wedding after-party."

Persons: Emma Stone, Dave McCary, McCary, —, I've, Lorne Michaels, Stone, Dave McCary Emma Stone, Will Heath, Price, McCarys, Kyle Mooney, Andrew Garfield, Matt Thomas, Kevork Djansezian, it's, Louis Vuitton, Stephane Cardinale, Corbis, Drew Barrymore, Emma, Dave, Louise Jean McCary, Jean Louise, Stowearsars, Dimitrios Kambouris Organizations: Service, NBC, SNL, NBCU, Boys, Citi Field, San Diego Padres, Getty, Staples Center, Golden State Warriors, Los Angeles Clippers, SAG, Stone, Academy, Country, Louis, The Metropolitan Museum of Art, The Met Museum, Vogue

☆ Disney's 'Wish' director dropped out of med school and got rejected by the studio multiple times: 'It took me a few tries to get here'
▼ + stars: | 2023-12-02 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

Before she was directing Disney's 100-year anniversary tribute, Fawn Veerasunthorn had been rejected by the studio several times over. While Veerasunthorn was in college, Disney closed the Florida animation studio where her mentor had worked. In 2011, about a decade after she started chasing Disney in earnest, she finally landed a job with the iconic film studio. Veerasunthorn began working on "Wish" in 2020 and co-directed the feature alongside Chris Buck, who's been with the company since 1978. She always considered drawing her hobby and studied computer science in high school before planning to go the medical route professionally.

Persons: Fawn Veerasunthorn, Veerasunthorn, Paitoon Ratanasirintrawoot, Ratanasirintrawoot, Dr, Seuss, Raya, Chris Buck, who's, Arthur C, Brooks Organizations: The New York Times, Columbus College of Art & Design, Times, Disney, Pixar, Universal, Universal Studios, CNBC, Summit, Hollywood Locations: Thailand, Bangkok, U.S, Ohio, Florida, California

SAN FRANCISCO (AP) — Walmart is the latest company to join the growing flock of major advertisers to pull spending from X, Elon Musk’s beleaguered social media company, amid concerns about hate speech — as well as reaching a sizeable audience on the platform. “We aren’t advertising on X as we’ve found some other platforms better reach our customers,” Walmart said in a statement. Musk said advertisers pulling out are engaging in “blackmail” and, using a profanity, essentially told them to go away. Walmart is joining the Walt Disney Co., IBM, NBCUniversal and its parent company Comcast and other companies who have decided to stop spending on X. But X's relations with advertisers don't appear to be improving.

Persons: Elon Musk’s, Musk, Andrew Ross Sorkin, ”, “, ” Musk, Linda Yaccarino, Joe Benarroch Organizations: FRANCISCO, Walmart, Walt Disney Co, IBM, NBCUniversal, Comcast

New York CNN —Walmart confirmed on Friday that it is not advertising on X, the social media platform owned by Elon Musk and formerly known as Twitter. “We aren’t advertising on X as we’ve found other platforms to better reach our customers,” a Walmart spokesperson said in a statement to CNN. A number of prominent brands paused their advertising on X, last month following Musk’s public embrace of an antisemitic conspiracy theory favored by White supremacists. “I don’t want them to advertise,” Musk said at the New York Times DealBook Summit in New York. “If anyone is killing X, it’s Elon Musk – not advertisers,” she said.

Persons: Elon Musk, White supremacists, Joe Benarroch, Musk, dumbest, ” Musk, ”, didn’t, Craig Atkinson, CNN it’s, Big, they’re, Jasmine Enberg, it’s Elon Musk, “, Personally, ” Enberg, Benjamin Netanyahu, Isaac Herzog, Israel “ wasn’t, he’s, – CNN’s Jennifer Korn Organizations: New, New York CNN, Walmart, Elon, CNN, Reuters, New York Times DealBook, Disney, Paramount, Comcast, Lionsgate, Warner Bros, Insider Intelligence, Intelligence, Israeli Locations: New York, Israel

☆ It sure looks like Elon Musk is deliberately destroying X
▼ + stars: | 2023-11-30 | by ( Jyoti Mann | Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

Elon Musk seems to be trying to sabotage X by telling major advertisers "go fuck yourself." It gives weight to a theory that Musk may be deliberately trying to sink X, formerly Twitter. Those banks have since been trying to sell the debt — which looks increasingly worthless as Musk drives X into the ground. In the meantime, X and Musk must pay millions of dollars in interest to their financiers. "There is no way back, there is no way to reverse the statement Elon made yesterday," said Ruben Schreurs, chief strategy officer at the marketing consultancy Ebiquity, which works with major advertisers.

Persons: Elon Musk, Martin Sorrell, —, NBCUniversal, Musk, Linda Yaccarino, Linda, Jerod Harris, Matt Levine, Levine, Lou Paskalis, Musk's, Paskalis, BI's Grace Kay, Kali Hays, it's, Elon, Ruben Schreurs, Yaccarino, didn't Organizations: Service, The New York Times, Apple, Disney, IBM, Bloomberg, Bank of America, AJL, Musk's Twitter, Ebiquity, X

☆ Elon Musk faces sales staff exodus after chaotic month and daring advertisers to pull their spending
▼ + stars: | 2023-11-30 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Many junior and senior level sales staff exited X over the past month, according to a new report. On Wednesday, Elon Musk told advertisers to "Go fuck yourself." AdvertisementThere's been a sales staff exodus at Elon Musk's social media company X over the past month, according to a recent report. Sales staff began exiting the company shortly after X handed out bonus checks this month, according to the report. "Go fuck yourself," Musk told advertisers, including Disney, IBM, and Apple, who have fled the platform.

Persons: Elon Musk, —, There's, Claire Atkinson, Atkinson, Musk, Andrew Sorkin, Bob Iger, Iger, Linda Yaccarino, Axios, Yaccarino, NBCUniversal — Organizations: Disney, Apple, Service, Elon, Twitter, IBM, Musk

☆ Elon Musk curses out advertisers who left X over antisemitic content
▼ + stars: | 2023-11-29 | by ( Sheila Dang | ) www.reuters.com time to read: +4 min

REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsNov 29 (Reuters) - (Please note strong language in paragraphs 1 and 6)Billionaire Elon Musk told advertisers that have fled his social media platform X over antisemitic content to "Go fuck yourself" in a fiery Wednesday interview. Musk said repeatedly he was sorry for publishing a tweet on Nov. 15 that agreed with an anti-Jewish post. Musk in his post said the user, who referenced the "Great Replacement" conspiracy theory, was speaking "the actual truth." Musk's post drew condemnation from the White House for what it called an "abhorrent promotion of antisemitic and racist hate." Musk in Israel said he is against antisemitism and anything that "promotes hate and conflict" and stated that X would not promote hate speech.

Persons: Elon Musk, Porte, Gonzalo Fuentes, Billionaire Elon Musk, Musk, bristled, Bob, Robert Iger, Walt Disney, Iger, Musk's, Chuck Schumer, Schumer, Benjamin Netanyahu, Netanyahu, Joe Biden, Donald Trump, Sheila Dang, David Gaffen, Lisa Shumaker Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, REUTERS, Billionaire, New York Times, Walt, U.S, White House, Warner Bros Discovery, Comcast, Media, Israeli, Thomson Locations: Paris, France, Israel, U.S, Dallas

☆ Elon Musk apologizes for antisemitic tweet but tells advertisers ‘go f**k yourself’
▼ + stars: | 2023-11-29 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +4 min

New York CNN —Elon Musk, in his first interview with mainstream media since his antisemitic post on X earlier this month, apologized Wednesday for what he called his “dumbest” ever social media post. “I don’t want them to advertise,” he said at the New York Times DealBook Summit in New York. Musk made the remarks as the X CEO, Linda Yaccarino, sat in the audience. In a meandering conversation that lasted well over an hour, Musk also said he has no problem being hated. I’d love to help.”But in a separate conversation at the DealBook Summit, Herzog appeared uncertain that Musk would remain consistant in his messaging.

Persons: New York CNN — Elon, dumbest, ”, Bob, Bob Iger, Musk, Linda Yaccarino, Yaccarino, “, Elon Musk, it’s, White supremacists, I’ve, ” Musk, Benjamin Netanyahu, Isaac Herzog, Israel “ wasn’t, he’s, Netanyahu, Herzog, Sam Altman, Altman, “ I’m, OpenAI Organizations: New, New York CNN, New York Times DealBook, Disney, Elon, CNN, Paramount, Comcast, Lionsgate, Warner Bros, Israeli Locations: New York, Israel, Gaza, OpenAI

☆ Paris metro ticket prices set to almost double during 2024 Olympics
▼ + stars: | 2023-11-29 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Tourists are set to pay almost twice the usual price of Paris Metro tickets during the 2024 Olympics and Paralympics that will take place in the French capital from July to September next year. "We will create a new [transport] pass, the Paris 2024 Pass, that will allow visitors to move across the entire Île-de-France. Videos that appeared to show bedbugs on the Paris metro, the city's Charles de Gaulle airport and trains in the country have spread on social media, sparking concerns in early autumn. Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through 2032.

Persons: Valerie Pecresse, Pecresse, Paris Mayor Anne Hidalgo, Charles de Gaulle Organizations: Paris Metro, CNBC, Olympics, Paris Mayor, NBCUniversal, NBC Sports, NBC Olympics, NBC, Games Locations: France, Paris, U.S

☆ Elon Musk promises to wear symbol of Gaza hostages
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

[1/2] A screen displays photos of people who were abducted by Hamas gunmen during the October 7 attack on Israel, in Tel Aviv, Israel, November 27, 2023. Later on Monday he wrote on X: "I will wear it every day until your loved ones are released." The dog-tags, prevalent throughout Israel, mark the Oct. 7 cross-border killing spree by Hamas during which 240 people were dragged back to Gaza. The White House criticised Musk for what it called an "abhorrent promotion of antisemitic and racist hate" that "runs against our core values as Americans". Musk has said he is against antisemitism and anything that "promotes hate and conflict" and stated that X would not promote hate speech.

Persons: Athit, Elon Musk, Malki Shem, Tov, Omer Shem, Isaac Herzog, Musk, Walt Disney, Howard Goller, Nick Macfie Organizations: REUTERS, Walt, Warner Bros Discovery, Comcast, Twitter, Thomson Locations: Israel, Tel Aviv, Gaza, U.S

☆ Former NBCUniversal Chief in Talks to Join Private-Equity Firm RedBird Capital Partners
▼ + stars: | 2023-11-27 | by ( Joe Flint | ) www.wsj.com time to read: 1 min

An announcement about former NBCUniversal CEO Jeff Shell’s appointment to RedBird is expected in the first quarter. Photo: Kevin Dietsch/Getty ImagesFormer NBCUniversal Chief Executive Jeff Shell is in advanced talks to join private-equity firm RedBird Capital Partners, leading its sports and entertainment investment business. A formal announcement about Shell’s appointment is expected in the first quarter of next year. A spokesperson for RedBird confirmed the negotiations.

Persons: Jeff Shell’s, RedBird, Kevin Dietsch, Jeff Shell Organizations: RedBird Capital Partners

☆ Rosalynn Carter repose: Former first lady’s motorcade will route from wreath-laying ceremony to Carter Presidential Center
▼ + stars: | 2023-11-27 | by ( Christina Maxouris | ) edition.cnn.com time to read: +12 min

In May, the Carter Center said Rosalynn Carter had dementia. The motorcade will stop for a wreath-laying ceremony at Rosalynn Carter’s alma mater, Georgia Southwestern State University, before making its way to Atlanta. Former first lady Rosalynn Carter poses for a portrait in New York in 2011. Alice S. Hall/NBCUniversal/Getty Images) Rosalynn gets a kiss from her husband after they were awarded Presidential Medals of Freedom in 1999. “Thank you all for joining us in celebrating what a treasure she was, not only to us, but to all humanity.”The Carter Center said in lieu of flowers, donations be made to the Carter Center Mental Health Program or the Rosalynn Carter Institute for Caregivers.

Persons: Rosalynn, Rosalynn Carter, Jimmy Carter, “, Andy Huggins, David Goldman, ”, Mike Stewart, Joe Biden, Jill Biden, Kamala Harris, Nikki Kahn, Horace Cort, Mikki Ansin, Jason, Amy, Jeff, Jack, Dan Farrell, Jimmy, Barbara Walters, Richard Howard, Suzanne Vlamis, Diana Walker, Joan Mondale, Walter Mondale, Muriel Humphrey, Hubert Humphrey, Ruth Carter Stapleton, Jimmy Carter's, Wally McNamee, Corbis, Carter, Ronald Reagan, Ron Galella, Bromberger Hoover, Jay Leno, Alice S, Tami Chappell, Charlie Neibergall, Laura Rauch, Carolyn Kaster, Sebastian Scheiner, Barack Obama's, Bill Clark, John Bazemore, Amy Davis, Saul Loeb, Errol, Jimmy's, Branden Camp, Caroline Kennedy, Hillary Clinton, Nancy Reagan, David McNew, Matt McClain, Adam Schultz, The New York Times Adam Schultz, White, Erin Schaff, Michael S, Williamson, CNN’s Jaide Timm, Garcia, Eva McKend Organizations: CNN, Carter Center, White House, Atlanta ., Secret, Georgia Southwestern State University, Rosalynn Carter, Health, Human Sciences, Carter, Jimmy Carter Presidential, Glenn Memorial United Methodist Church, Emory University, Maranatha Baptist Church, Washington Post, Atlanta, NY, Hulton, Disney, Bettmann, Mental Health, Mental Health Systems, Harlem Globetrotters, Getty, Democratic National Convention, Toronto, Presidential, Humanity, Baltimore Sun, Tribune, Service, Capitol, Aging, NBA, The New York Times Locations: Plains , Georgia, Atlanta, Georgia, Plains, Americus, alma mater, Plains ., New York, Brazil, Dubuque , Iowa, Waterloo , Iowa, San Francisco, Ashkelon, Israel, Baltimore, Annapolis , Maryland, Americus , Georgia, Rosalynn

☆ Israel hosts wartime visit by Elon Musk, eyes Starlink for Gaza
▼ + stars: | 2023-11-27 | by ( ) www.cnbc.com time to read: +3 min

Israel hosted Elon Musk on Monday, saying it had reached an agreement in principle for using his SpaceX company's Starlink communications in the Gaza Strip, where a pause to the war against Hamas coincided with the tech entrepreneur's visit. At the time, Israeli Communications Shlomo Karhi objected, saying "Hamas will use it (Starlink) for terrorist activities." Musk has said he is against antisemitism and anything that "promotes hate and conflict" - including on X.Antisemitism and Islamophobia have risen worldwide, including during the seven-week-old Gaza war. Israel and Hamas are now in a temporary truce, with some Gaza hostages and Palestinians held by Israel for security offenses going free. Following the outbreak of the Gaza war, antisemitic incidents in the United States rose by nearly 400% from the year-earlier period, according to the Anti-Defamation League, a nonprofit organization that fights antisemitism.

Persons: Elon Musk, Benjamin Netanyahu, Isaac Herzog, Musk, Netanyahu, Communications Shlomo Karhi, Karhi, Walt Disney Organizations: Israel, Elon, SpaceX, Communications, Israeli Ministry of Communications, House, U.S, Warner Bros Discovery, Comcast, Defamation League Locations: Aza, Israel, Kfar Aza, Gaza, California, United States

☆ 22-year-old Olympic skateboarder owns 3 homes but still pays $2,000 a month to rent an apartment—here's why
▼ + stars: | 2023-11-27 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +2 min

The Mesa, Arizona, native bought three properties in the area this year and hopes to own more in the future. "I buy homes, put about $5,000 or $6,000 into them, and then long-term rent them," he says. The young homeowner doesn't live in any of the properties though; instead, he spends about $2,000 a month to rent an apartment in California. "So I basically have passive income from these other homes paying for my rent in Cali," he says. Check out: How Nyjah Huston, one of the world's highest-paid pro skateboarders, spends his money

Persons: Jagger Eaton, Eaton, doesn't, you've, Charles Schwab, Warren Buffett, Nyjah Huston Organizations: X, CNBC, Monster Cable, NBCUniversal, NBC Sports, NBC Olympics, NBC, Games Locations: Mesa , Arizona, California, Cali, U.S

☆ Elon Musk to meet Israeli leaders on Monday, Israel TV says
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: +4 min

[1/3] People gather to protest Israeli Prime Minister Benjamin Netanyahu's visit to California as he is scheduled to meet with entrepreneur Elon Musk, at union square in San Francisco, California, U.S. September 18, 2023. An Israeli source confirmed the visit by Musk, a billionaire who also runs Tesla (TSLA.O) and SpaceX. Musk's visit coincides with a four-day truce in an Israeli war with Palestinian Hamas militants in Gaza. During that visit, before the war, about 200 people protested efforts by Netanyahu's right-wing government to curb the powers of Israeli courts. Antisemitism and Islamophobia have risen in the United States and worldwide, including during the now seven-week-old war between Israel and Hamas.

Persons: Benjamin Netanyahu's, Elon Musk, Carlos Barria, Benjamin Netanyahu, Isaac Herzog, Netanyahu, Musk, Netanyahu's, Walt Disney, Kenneth Li, Ari Rabinovitch, Steven Scheer, Howard Goller, Lisa Shumaker Organizations: REUTERS, Rights, Monday, SpaceX, Twitter, House, U.S, Walt, Warner Bros Discovery, Comcast, Defamation League, Thomson Locations: California, San Francisco , California, U.S, Israel, Israeli, Gaza, Tesla's California, United States

☆ Elon Musk to meet Israeli president, Gaza hostage families on Monday
▼ + stars: | 2023-11-26 | by ( ) www.cnbc.com time to read: +3 min

Tech entrepreneur Elon Musk, accused by civil rights groups of amplifying anti-Jewish hatred on his X social media platform, will meet Israeli President Isaac Herzog on Monday along with Israelis whose relatives have been held by Hamas in Gaza. Herzog's office announced the meeting on Sunday night, saying, "In their meeting, the president will emphasize the need to act to combat rising antisemitism online." Musk's visit coincides with a four-day truce in an Israeli war with Palestinian Hamas militants in Gaza during which 40 of the 240 hostages Israel says have been held by Hamas have returned to Israel. Israel's Channel 12 said Musk would also meet Prime Minister Benjamin Netanyahu on Monday. Antisemitism and Islamophobia have risen in the United States and worldwide, including during the now seven-week-old war between Israel and Hamas.

Persons: Elon Musk, Isaac Herzog, Israel, Benjamin Netanyahu, Netanyahu, Musk, Netanyahu's, Walt Disney Organizations: Tech, SpaceX, Hamas, House, U.S, Warner Bros Discovery, CNBC, Comcast, Defamation League Locations: Gaza, Israel, California, Tesla's California, United States

☆ This pro skateboarder got his first big check for 6 figures at 15 years old—here's his No. 1 splurge
▼ + stars: | 2023-11-23 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +2 min

Professional skateboarder Nyjah Huston, 28, started with a "humble, simple upbringing" growing up in a strict Rastafarian household as the middle of five children. So when he began earning a few hundred dollars from his first sponsor, the streetwear brand Element Skateboards, at 7 years old, "I didn't even care about making money at the time," he tells CNBC Make It. Today, Huston is among the highest-paid skateboarders in the world with sponsorship deals with NikeSB and Monster. Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through 2032.

Persons: Nyjah Huston, Huston, NikeSB, Warren Buffett Organizations: CNBC, League, Mercedes, Lamborghini, Team USA, NBCUniversal, NBC Sports, NBC Olympics, NBC, Games, NFL Locations: Paris, U.S

☆ The major companies still advertising on X despite Elon Musk’s antisemitic endorsement
▼ + stars: | 2023-11-22 | by ( Oliver Darcy | Liam Reilly | ) edition.cnn.com time to read: +5 min

But those assurances have rung hollow as advertisements have continued to be placed on accounts posting hate speech and conspiracy theories. “Elon introduced unique risks,” marketing industry veteran Lou Paskalis, the founder and chief executive of marketing consultancy AJL Advisory, told CNN. “It’s self-destructive for any advertiser to be associated with him,” Sonnenfeld told CNN. His endorsement of the post came as the progressive watchdog Media Matters issued a report that indicated advertisements for major brands appeared next to neo-Nazi hate speech on X. Legal experts have told CNN that the lawsuit is deeply flawed and could open the billionaire up to embarrassing revelations during the discovery process.

Persons: Elon Musk’s, Brian McCarthy, Musk, George Soros —, X, “ Elon, Lou Paskalis, ” Jeffrey Sonnenfeld, ” Sonnenfeld, ”, Ted Boutrous, Boutrous, ” CNN’s Clare Duffy Organizations: CNN, NFL, Walmart, State, The New York Times, Washington Post, The, Mondelēz International, Ritz Crackers, Twitter, Defamation League, Apple, Disney, IBM, Paramount, Fox Sports, Paris, Warner Bros ., AJL, Yale School of Management, Media, Media Matters, Ted Boutrous CNN Locations: Wendy’s, White

☆ The Strange $55 Million Saga of a Netflix Series You’ll Never See
▼ + stars: | 2023-11-22 | by ( John Carreyrou | More About John Carreyrou | ) www.nytimes.com time to read: +1 min

He had directed only one movie, “47 Ronin.” It was a commercial and critical dud, and Mr. Rinsch’s tussles with its producers had raised eyebrows, even in an industry where such conflicts are the norm. Amid the feeding frenzy, the project that Mr. Rinsch was pitching — a science-fiction series about artificial humans — became a hot property. After a competitive auction, Mr. Rinsch and his representatives reached an informal eight-figure agreement with Amazon. The project with Mr. Rinsch has turned into a costly fiasco, a microcosm of the era of profligate spending that Hollywood studios now are scrambling to end. Netflix burned more than $55 million on Mr. Rinsch’s show and gave him near-total budgetary and creative latitude but never received a single finished episode.

Persons: Carl Erik Rinsch, Rinsch’s, Rinsch, Cindy Holland Organizations: Disney, Apple, Amazon, Netflix, Hollywood Locations: Hollywood

☆ Here are the dozen brands that have paused ads on X amid ongoing crisis for Elon Musk’s platform
▼ + stars: | 2023-11-22 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —At least a dozen major brands have halted ad spending on X, formerly Twitter, since its latest advertiser exodus began last week over concerns about antisemitism and hate speech on Elon Musk’s social media platform. The ongoing exit of advertisers marks a deepening crisis for X, which was already struggling to woo brands back to the platform following Musk’s takeover last year. IBM’s decision also came after Musk had publicly endorsed an antisemitic conspiracy theory in a post on X earlier in the week. X also said it had made the pro-Nazi accounts identified by Media Matters ineligible for monetization, meaning ads can no longer be run on their pages. (Media Matters has vowed to fight the lawsuit from X and says it stands by its reporting.)

Persons: Axios, they’d, Musk, Apple, Linda Yaccarino, Richard Spencer, —, CNN’s Oliver Darcy, Liam Reilly, Brian Fung Organizations: New, New York CNN, Elon, Fox Sports, Ubisoft, TechCrunch, Paris, CNN, White, IBM, Media, Disney, Paramount, Comcast, Lionsgate, NBCUniversal, Warner Bros, Media Matters, University of Michigan, D.C, National Football League Locations: New York, Washington

☆ NFL committed to X partnership as Elon Musk's social platform gets heat for hate speech
▼ + stars: | 2023-11-21 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

The National Football League is sticking with X, formerly known as Twitter, as Elon Musk's site faces an advertiser revolt over hate speech and antisemitism on the platform. The NFL has partnered with the platform since 2013 as part of an effort to bring fans exclusive content. Last week, Musk agreed with a post on the platform accusing "Jewish communities" of pushing "hatred against whites," CNBC reported earlier this month. Earlier this month, left-leaning media watchdog site MediaMatters.org posted instances of Apple, Bravo and Oracle ads appearing next to antisemitic content on Musk's platform. X on Monday sued Media Matters over the report, coinciding with an investigation launched by Texas Attorney General Ken Paxton into the watchdog site for possible fraudulent activity.

Persons: Brian Rolapp, CNBC's Julia Boorstin, Musk, Ken Paxton, X, Linda Yaccarino, – CNBC's Julia Boorstin Organizations: National Football League, NFL, Apple, Disney, CNBC, Bravo, Oracle, Monday, Media, Texas, Hamas Locations: Elon, Palestinian, Israel

☆ Paris Hilton’s media company suspends ads on X, one month after agreeing to touted partnership with the platform
▼ + stars: | 2023-11-21 | by ( Liam Reilly | Clare Duffy | ) edition.cnn.com time to read: +2 min

“11:11 Media made the decision to immediately pull the campaign from the platform,” Bruce Gersh, 11:11 Media’s president and chief operating officer, told CNN on Tuesday. The decision by Hilton’s company to pull its advertising is a blow to X and the platform’s chief executive, Linda Yaccarino, who announced a major promotional partnership with Hilton just last month. A spokesperson for Hilton declined to comment on whether the suspension of 11:11’s ad campaign also meant the end of Hilton’s partnership with X. IBM halted its ad spend on X on Thursday after a report from progressive media watchdog Media Matters showed its ad had run alongside pro-Nazi content on X. Other major brands, including Disney and Paramount, followed suit on Friday, but did not specify their reasoning for pulling their ad spending from X.

Persons: Elon Musk’s, ” Bruce Gersh, Linda Yaccarino, Hilton, X Organizations: CNN, Paris, Media, Yaccarino, X, IBM, Disney, Paramount Locations: Hilton

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