DIRS.INFO The most relevant business & tech news

Circuit Judge Stephanos Bibas sets the stage for what could be one of the first trials related to the unauthorized use of data to train AI systems. "This case continues to be about Ross’ theft of Thomson Reuters proprietary commentary, analysis, and organizational system," the spokesperson said. Thomson Reuters' 2020 lawsuit accused legal research company Ross Intelligence of copying Westlaw's "headnotes," which summarize points of law in court opinions. Thomson Reuters accused Ross of misusing thousands of the headnotes to train its AI-based legal search engine. Bibas also said he could not decide whether a ruling for Ross or Thomson Reuters would best serve the public interest.

Persons: Andrew Kelly, Stephanos Bibas, Ross ’, Ross, Thomson, Bibas, Blake Brittain, David Bario, Lisa Shumaker Organizations: Thomson Reuters, REUTERS, Ross Intelligence, U.S, Circuit, Tech, Meta, Microsoft, Reuters, Thomson Locations: Square , New York, U.S, Delaware, Washington

☆ Australia's new submarines are still 2 decades away from delivery, but the Aussies are already looking out for spies
▼ + stars: | 2023-09-26 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +7 min

Australia is working with the US and UK to build nuclear-powered subs and other military technology. It can be intentional — for example, a foreign intelligence service spreading election conspiracies on social media — or unintentional, as when someone unwittingly shares the foreign intelligence service's social-media posts. Australian officials look at the Collins-class submarine HMAS Collins in September 2021. Those Australian intelligence officials echoed worries that US officials have about foreign efforts to compromise AUKUS. US intelligence officials estimate that Chinese espionage steals US economic secrets worth between $200 billion and $600 billion a year.

Persons: —, Joe Biden, Rishi Sunak, Anthony Albanese, Tayfun, Andrew Shearer, Mike Burgess, Burgess, CPOIS Damian Pawlenko, Azorian, PETER, Stavros Atlamazoglou Organizations: US, Service, Australia, British, Australian, Anadolu Agency, Getty, Australian National Intelligence, of National Intelligence, US Navy, Australian Security Intelligence, ASIO, FBI, Collins, Royal Australian Navy, intel, China Aviation, of State Security, Western, Hellenic Army, 575th Marine Battalion, Army, Johns Hopkins University, Johns Hopkins School, International Studies, Boston College Law School Locations: Australia, France, China, Canberra, San Diego, Virginia, North Dakota, Canada , New Zealand, AUKUS, Soviet, Beijing

☆ Renault ends common purchasing agreement with Nissan and Mitsubishi
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

The logos of car manufacturers Renault and Nissan are seen in front of dealerships of the companies in Le Coteau, France, July 13, 2023. Renault and Nissan finalised at the end of July the terms of a restructured alliance after months of negotiations. Talks dragged on months longer than expected due in part to Nissan, which was concerned about protecting its intellectual property in future collaborations. The July agreement freed both companies to focus on the more pressing problem of navigating the fast-changing industry landscape. Reporting by Dominique Vidalon;additional reporting by Gilles Guillaume Editing by Sudip Kar-Gupta and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Gonzalo Fuentes, carmaker, Dominique Vidalon, Gilles Guillaume, Sudip Kar, Gupta, Mark Potter Organizations: Renault, Nissan, REUTERS, Rights, carmaker Renault, Mitsubishi, Thomson Locations: Le Coteau, France, China

☆ Barry Diller rips WGA deal with studios, says fair use needs to be redefined to address AI
▼ + stars: | 2023-09-26 | by ( Drew Richardson | ) www.cnbc.com time to read: +3 min

Slamming the tentative labor deal between Hollywood writers and studios, media mogul Barry Diller on Tuesday laid out his biggest bone of contention with generative artificial intelligence. "All we want to do is establish that there is no such thing as fair use for AI, which gives us standing." Generative AI and language-based model systems index entire bodies of work within their knowledge base, a violation of fair use, some argue. Altman, who also served on the Expedia board with Diller, testified before senators in May to discuss regulations on AI. Altman also said that Shutterstock was critical in the training of OpenAI's generative media AI, DALL-E.

Persons: Barry Diller, Diller, George R.R, Martin, Jodi Picoult, OpenAI, Diller isn't, that's, Sam Altman, Sam, Altman, " Altman, Shutterstock Organizations: Hollywood, IAC, Writers Guild, WGA, Alliance, Television Producers, Wall Street, CNBC

Jay-Z speaks after being inducted into the Rock and Roll Hall of Fame, in Cleveland, Ohio, U.S. October 30, 2021. REUTERS/Gaelen Morse/File Photo Acquire Licensing RightsCompanies Warner Music Group Corp FollowSept 25 (Reuters) - Rapper Jay-Z, producer Timbaland and R&B singer Ginuwine convinced a Manhattan federal judge to dismiss a lawsuit from soul musician Ernie Hines, who alleged that they unlawfully sampled one of his songs from 1969. A representative for Warner Music (WMG.O), which is a defendant in the case, declined to comment. Hines first sued over the songs in 2019, arguing they copied part of the introduction to his song. Oetken agreed that Hines' song "borrows from a heavily used work that is in the public domain" and "adds only material that is not original enough to be copyrightable."

Persons: Jay, Gaelen Morse, Timbaland, Ginuwine, Ernie Hines, Paul Oetken, Hines, Oetken, Blake Brittain, Sonali Paul Organizations: Hall of Fame, REUTERS, Warner Music Group, U.S, District, Warner Music, Thomson Locations: Cleveland , Ohio, U.S, Manhattan, Washington

Strike signs await striking SAG-AFTRA actors and Writers Guild of America (WGA) outside Disney Studios in Burbank, California, U.S., July 25, 2023. The WGA, which represents 11,500 film and television writers, described the deal as "exceptional" with "meaningful gains and protections for writers." While writing may resume, the SAG-AFTRA actors' union remains on strike. Efforts to restart daytime talk shows without writers, such as "The Drew Barrymore Show," collapsed this month, in the face of criticism from striking writers and actors. Even as studio executives celebrated the end of the longest-running writers' strike since 1988, it is only half the labor battle.

Persons: Mike Blake, Caroline Renard, Hollywood's, Drew Barrymore, Bob Iger, Iger, It's, Brandon K, Hines, Kevin Klowden, David Zaslav, Ted Sarandos, Donna Langley, AFTRA, Dawn Chmielewski, Lisa Richwine, Danielle Broadway, Christopher Cushing Organizations: Writers Guild of America, Disney Studios, REUTERS, WGA, Hollywood, SAG, Alliance, Television Producers, Walt Disney, Netflix, Warner Bros Discovery, Disney, Milken Institute, Reuters, Thomson Locations: Burbank , California, U.S, California, New Mexico, Georgia, New York, Los Angeles

DETROIT (AP) — Ford Motor Co. said Monday that it's pausing construction of a $3.5 billion electric vehicle battery plant in Michigan until it is confident it can run the factory competitively. The move comes as the company is in the midst of national contract talks with the United Auto Workers union, which wants to represent workers at battery factories and win them top wages. In February, Ford announced plans to build the plant in Marshall, Michigan, employing about 2,500 workers to make lower-cost batteries for a variety of new and existing vehicles. But Ford spokesman TR Reid confirmed Monday that plant construction has been paused and spending has been limited on it. Earlier this year Virginia dropped out of the race for the same Ford plant after Republican Gov.

Persons: —, Ford, Marshall, TR Reid, ”, Shawn Fain, Sarah Lightner, Ford “, “, ” Lightner, Sam Abuelsamid, Abuelsamid, Biden, Glenn Youngkin, Joey Cappelletti, David Koenig Organizations: DETROIT, — Ford Motor, United Auto Workers union, UAW, Ford, Detroit, General Motors, EV, Amperex Technology, . Ltd, Republican State Rep, Guidehouse, Republican Gov, Chinese Communist Party, ____ Associated Press Locations: Michigan, Marshall , Michigan, Detroit, Marshall, China, U.S, Virginia, Lansing , Michigan, Dallas

☆ How companies are embracing generative AI...or not
▼ + stars: | 2023-09-22 | by ( Jennifer Korn | ) edition.cnn.com time to read: +9 min

New York CNN —Companies are struggling to deal with the rapid rise of generative AI, with some rushing to embrace the technology as workflow tools for employees while others shun it – at least for now. Some companies are enacting internal bans on generative AI tools as they work to better understand the technology, and others have already begun to introduce the trendy tech to employees in their own ways. Among media companies that produce news, Insider editor-in-chief Nicholas Carlson has encouraged reporters to find ways to use AI in the newsroom. Of the companies currently banning ChatGPT, some are discussing future usage once security concerns are addressed. “I don’t think it’s that companies are against AI and against machine learning, per se.

Persons: JPMorgan Chase, Northrup, it’s, Mark McCreary, Fox Rothschild, McCreary, “, ” Jonathan Gillham, Nicholas Carlson, ”, ChatGPT, Larry Feinsmith, ” Northrop Grumman, “ They’re, they’re, ” Vern Glaser, Cheryl Ainoa, Donna Morris, PwC, “ Lilli ”, Lilli, Jacky Wright, EY.ai, OpenAI, ” Glaser Organizations: New, New York CNN — Companies, JPMorgan, Northrup Grumman, Apple, Verizon, Spotify, Accenture, Fox, Fox Rothschild LLP, CNN, “ Companies, Gannett, The Columbus Dispatch, UBS, JPMorgan Chase, Wall Street Journal, Entrepreneurship, Enterprise, University of Alberta, Walmart, Emerging Technologies, Consulting, McKinsey, PwC, ChatGPT, Fortune, ChatGPT Enterprise, Microsoft, Bing Locations: New York, ChatGPT, America

☆ The university hosting an academic conference on Taylor Swift hopes that 'TayTay' will make an appearance
▼ + stars: | 2023-09-22 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

The University of Melbourne is hosting an academic conference on Taylor Swift in 2024. They're seeking paper submissions on topics like "one single symbolic dollar" or Taylor Swift, #metoo, and the law. "And when you can't sleep at night (you hear my stolen lullabies)" — Taylor Swift, streaming platforms, and intellectual property (Taylor's version). "If I was a man, then I'd be The Man" — Taylor Swift, and gender and sexuality. AdvertisementAdvertisementSwift's Eras Tour is on track to break records to become the highest-grossing concert in the world, according to analytics firm QuestionPro.

Persons: Taylor Swift, Swift, Jennifer Beckett, they've, Beckett, — Taylor Swift, Shakespeare, Charlotte Brontë, Larry Adam, Raymond James, Taylor Swift's Organizations: University of Melbourne, Service, BBC, —, USA, Federal Reserve Locations: Australia, Wall, Silicon, Belgium

☆ Taylor Swift: Australia to host academic conference on singer
▼ + stars: | 2023-09-21 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

Due to be held in Melbourne from February 11 to February 13, 2024, just days before Swift’s “Eras” tour arrives in Australia, the conference is backed by seven universities across Australia and New Zealand. Swift's "Eras" tour has become a cultural phenomenon. Swift’s impact has already proven to be literally Earth-shaking. Fans attending her Seattle “Eras” tour concert at Lumen Field in July caused seismic activity equivalent of a 2.3 magnitude earthquake, according to seismologist Jackie Caplan-Auerbach. Her “Eras” tour could gross a record-breaking $2.2 billion in North American ticket sales alone, according to August survey data from research firm QuestionPro provided to CNN exclusively.

Persons: CNN — Taylor, ”, “, Allen J, Lumen Field, Jackie Caplan, Auerbach, QuestionPro, Swift, William Shakespeare, John Keats, Taylor Swift Organizations: CNN, University of Melbourne, New Zealand, Organizers, Los Angeles Times, North, Ghent University, University of Texas, Austin, Arizona State University, Psychology Locations: Melbourne, Australia, New, Asia, Pacific, Seattle, Belgium

☆ Huawei wants to go all in on AI in first strategy update in a decade, says Meng Wanzhou
▼ + stars: | 2023-09-21 | by ( Michelle Toh | ) edition.cnn.com time to read: +4 min

Meng Wanzhou, Huawei’s rotating chairwoman and chief financial officer, made the announcement in Shanghai during a company event. Huawei’s decision follows a similar move by fellow Chinese tech giant Alibaba (BABA), announced earlier this month, to prioritize AI. Hacking allegationsNews of Huawei’s strategic update came the same day the company was mentioned in allegations lodged by China against the United States. In 2019, Huawei was added to the US “entity list,” which restricts exports to select organizations without a US government license. In recent weeks, Huawei has added to US-China tensions again after launching a new smartphone that represents an apparent technological breakthrough.

Persons: Meng Wanzhou, Meng, “, China —, Ren Zhengfei, Mengchen Zhang Organizations: Hong Kong CNN, Huawei, Intelligence, Iran, US Department of Justice, China’s Ministry of State Security, United, US National Security Agency, NSA Locations: China, Hong Kong, Shanghai, Canada, United States

☆ The Apple-Disney deal that could actually happen
▼ + stars: | 2023-09-21 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

And Apple has long been seen by some analysts as the most obvious acquirer of all or part of Disney. Iger said he considers the studio, streaming, and parks businesses (where the company recently set plans to invest $60 billion over the next decade) to have the most value. It would be hard to imagine operating the parks or streaming businesses without owning the popular franchises that fuel them. Ives envisions a deal where Apple pays for exclusive access to ESPN content and game broadcasts, with an acquisition following down the road. I believe it's a matter of not if, but when Apple buys ESPN."

Persons: Bob Iger, Steve Jobs, Tim Cook, Biden, that's, Gregg Abella, Iger, David Rogers, Apple, it's, Dan Ives, Cook, Ives Organizations: Disney, ABC, FX, Geographic, ESPN, Apple, Pixar, Jobs, Apple's, Investment Partners, Management, Star, Marvel, Columbia University, Verizon, MLS, Messi, Insider, Wedbush Securities, Google

☆ Climate change is already costing us money, but we have a chance to limit the worst of it and prosper. Here's how.
▼ + stars: | 2023-09-21 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +12 min

But to get there, we'll need to spend a lot of money up front and be real about the climate costs we're already paying — even if we don't always notice them. The full costs of extreme weather are often hiddenThe biggest fires, floods, and heat waves tend to draw headlines. But for years, the more subtle effects of extreme weather had gone pretty much unnoticed. This situation could be made worse by a looming financial "mega shock," which could arise as more people wake up to the reality of the climate crisis, Butler said. The Biden administration has already earmarked $52 billion to tackle the climate crisis for 2024.

Persons: —, Amir Jina, It's, Jina, Idalia, Joe Raedle, Creon Butler, Mario Tama, Butler, haven't, ANGELA WEISS, Hurricane Ian, Matias J, Biden, That's, We've, it's, Bulter Organizations: University of Chicago, Getty, Insurance, Miami Herald, Tribune, Service, UN, Intellectual, Organization Locations: Tarpon Springs , Florida, London, New York City, , Florida, Hurricane, Botswana, Denmark, Namibia

Singer Ed Sheeran appears on NBC's "Today" show at Rockefeller Center in New York, U.S., June 6, 2023. A court filing on Wednesday said that songwriter Ed Townsend's estate would withdraw the appeal with prejudice, which means it cannot be refiled. Attorneys for Townsend's estate did not immediately respond to a request for comment on Thursday. A jury determined after a six-day trial in May that Sheeran's song did not infringe Townsend's copyright in "Let's Get It On." Pullman's company has a separate lawsuit pending against Sheeran based on its rights in the sound recording of "Let's Get It On."

Persons: Ed Sheeran, Brendan McDermid, Marvin Gaye's, Ed Townsend's, Ilene Farkas, Townsend's, Sheeran, Bowie, David Pullman's, Townsend, Blake Brittain, David Bario, Mark Porter Organizations: Rockefeller Center, REUTERS, Warner Music, Sony Music, Thomson Locations: New York, U.S, United States, Pullman, Washington

☆ AI feature Dream Screen unveiled for Youtube Shorts
▼ + stars: | 2023-09-21 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +4 min

The video platform, under the Alphabet-Google umbrella, teased a new generative AI feature dubbed Dream Screen specifically for its short-form video arm and TikTok competitor, YouTube Shorts. Dream Screen is an experimental feature that lets creators add AI-generated video or image backgrounds to their vertical videos. YouTube's Dream Screen tool, which allows users to create AI-generated video or image backgrounds by typing an idea into a prompt. YouTubeTo use Dream Screen, creators can type their idea for a background as a prompt and the platform will do the rest. Chikin Chow currently boasts the title of the most-watched YouTube Shorts creator in the world.

Persons: ” Neal Mohan, Mohan, YouTube Alan Chikin Chow, Chikin Chow, ” Chikin Chow, Alan Chikin Chow, Beverly Hilton, Emma McIntyre, clark, Dick Clark, he’s, ” Organizations: CNN, YouTube, Beverly Locations: Los Angeles, ANGELES , CALIFORNIA, Los Angeles , California, Silicon Valley

☆ The CEO of a hedge fund that averaged a 66% return for 3 decades spoke about investing, hiring, and sleeping 2,000 nights in his office. Here are the 11 best quotes.
▼ + stars: | 2023-09-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Brown had the idea for IBM's "Deep Blue," and has spent over 2,000 nights sleeping in his office. RenTech was founded by Jim Simons, a former MIT math professor and Cold War codebreaker. Peter Brown is the CEO of Renaissance Technologies, a quant fund founded by former Cold War codebreaker and MIT math professor Jim Simons. And the job is so demanding, I really don't see how I could do it otherwise." We don't know any economics.

Persons: Peter Brown, Brown, RenTech, Jim Simons, Goldman, he's, he'd, Peter, we're, we've Organizations: Renaissance, MIT, Service, Goldman Sachs Exchanges, Renaissance Technologies Locations: Wall, Silicon, York

☆ Why we’re cautiously optimistic about Disney’s new multibillion dollar theme park investment
▼ + stars: | 2023-09-20 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

We're cautiously optimistic about Disney 's (DIS) decision to invest billions upon billions more into its booming theme parks. DIS 5D mountain DIS stock performance. In a separate note, KeyBanc believes Disney's DPEP segment has a "bright long-term future" after its analysts attended Disney's Investors Summit. Bottom line Disney's moat is its strong intellectual property that it can use to monetize and grow its business. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: We're, Bob Iger, doesn't, Iger, He's, Morgan Stanley, KeyBanc, Jim Cramer's, Jim Cramer, Jim, Joseph Prezioso Organizations: Disney, Disney Parks, Hulu, ESPN, CNBC, Comcast, Penn Entertainment, Investments, Disney's Investors, DIS, Parks &, Anadolu Agency, Getty Locations: Hulu

☆ US says it has no evidence that Huawei can make advanced smartphones ‘at scale’
▼ + stars: | 2023-09-20 | by ( Michelle Toh | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —Commerce Secretary Gina Raimondo says the US government has no evidence that Huawei can produce smartphones with advanced chips “at scale,” as it continues to investigate how the sanctioned Chinese manufacturer made an apparent breakthrough with its latest flagship device. On Tuesday, Raimondo told US lawmakers that she was “upset” by news of the launch of Huawei’s Mate 60 Pro during her visit to China last month. “The only good news, if there is any, is we don’t have any evidence that they can manufacture 7-nanometer [chips] at scale,” she told a US House of Representatives hearing. That surprised many because SMIC, a partially state-owned Chinese company, has also been subject to US export restrictions for years. The following year, the US government expanded on those curbs by seeking to cut Huawei off from chip suppliers that use US technology.

Persons: Gina Raimondo, Raimondo, China’s, TechInsights, Ivan Lam, Kevin Frayer, Toby Zhu, Zhu, Lam, — Rashard Rose, Mengchen Zhang Organizations: Hong Kong CNN —, Huawei, Kirin, Semiconductor Manufacturing International Corporation, CNN, SK Hynix, Huawei ”, Research, IT, Eurasia Group Locations: China, Hong Kong, Korean, Beijing, Shenzhen, Apple’s

A keyboard is placed in front of a displayed OpenAI logo in this illustration taken February 21, 2023. In addition to Microsoft-backed (MSFT.O) OpenAI, similar lawsuits are pending against Meta Platforms and Stability AI over the data used to train their AI systems. Other authors involved in the latest lawsuit include "The Lincoln Lawyer" writer Michael Connelly and lawyer-novelists David Baldacci and Scott Turow. The complaint said ChatGPT generated accurate summaries of the authors' books when prompted, indicating that their text is included in its database. It also cited growing concerns that authors could be replaced by systems like ChatGPT that "generate low-quality ebooks, impersonating authors and displacing human-authored books."

Persons: Dado Ruvic, OpenAI, John Grisham, Jonathan Franzen, George Saunders, Jodi Picault, George R.R, Martin, Michael Connelly, David Baldacci, Scott Turow ., Mary Rasenberger, Blake Brittain, David Bario, Daniel Wallis Organizations: REUTERS, Microsoft, Authors, Meta, Lincoln, Thomson Locations: Manhattan, Washington

Circuit Judge Pauline Newman of the U.S. Court of Appeals for the Federal Circuit appears in an undated photo. U.S. Court of Appeals for the Federal Circuit/Handout via REUTERS Acquire Licensing RightsWASHINGTON, Sept 20 (Reuters) - The U.S. Court of Appeals for the Federal Circuit on Wednesday suspended Judge Pauline Newman from hearing new cases amid a deepening clash over the 96-year-old jurist's mental competence to serve on the bench. Newman has defended her fitness, citing the opinions of two doctors, and filed a lawsuit in a separate Washington court seeking to move or halt the investigation. A representative for the Federal Circuit declined to comment. Newman, a highly-respected figure in patent law and a prominent dissenter, was appointed to the patent-focused Federal Circuit by President Ronald Reagan in 1984.

Persons: Pauline Newman, Newman, Greg Dolin, Ronald Reagan, Judge Newman, Blake Brittain, David Bario, Daniel Wallis Organizations: U.S ., Appeals, Federal Circuit, REUTERS Acquire, Rights, U.S, Washington, D.C, Circuit, Thomson Locations: Washington

NEW YORK (AP) — John Grisham, Jodi Picoult and George R.R. Martin are among 17 authors suing OpenAI for “systematic theft on a mass scale,” the latest in a wave of legal action by writers concerned that artificial intelligence programs are using their copyrighted works without permission. “Great books are generally written by those who spend their careers and, indeed, their lives, learning and perfecting their crafts. The online giant is now asking writers who want to publish through its Kindle Direct Program to notify Amazon in advance that they are including AI-generated material. Amazon is also limiting authors to three new self-published books on Kindle Direct per day, an effort to restrict the proliferation of AI texts.

Persons: — John Grisham, Jodi Picoult, George R.R, Martin, OpenAI, David Baldacci, Sylvia Day, Jonathan Franzen, Elin Hilderbrand, Mary Rasenberger, Direwolves, Michael Chabon, David Henry Hwang, ”, Sarah Silverman, Paul Tremblay, “ Organizations: Authors, Amazon, Kindle Locations: New York, U.S, San Francisco, California

☆ Cramer says investors should focus on facts and not get caught up in 'gloom'
▼ + stars: | 2023-09-19 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Tuesday warned investors not to get caught up in the sense of "gloom" shrouding Wall Street — especially in September, a historically down month for the market — that is bringing down stocks of companies he sees as solid. "Once we get through this seasonally tough period, things will feel very differently, and the gloom will finally lift." Cramer explained that sometimes factors unrelated to the actual health of a company cause stocks to fall. He also said gloom is clouding Wall Street's perception of Nvidia — which finished Tuesday down about 1% — saying there isn't any solid reason the stock is going down. Cramer also pointed out Starbucks ' recent decline and analyst downgrade, due to concerns about its performance in China.

Persons: CNBC's Jim Cramer, it's, Cramer, I'm, you'll Organizations: Disney, Netflix, Nvidia, Starbucks Locations: China

☆ Disney plans to nearly double its investment in parks and cruises business
▼ + stars: | 2023-09-19 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +1 min

Disney said in a securities filing Tuesday it will nearly double its planned investment in its parks division to roughly $60 billion over the course of 10 years. Still, the company's domestic parks, particularly Walt Disney World in Florida, have seen a slowdown in attendance and hotel room occupancy. Disney will lean on its brands and intellectual property as it builds out its theme parks. The company planned to unveil more details about the investment at its investor day Tuesday. Disney highlighted the historical results of the parks and experiences business since 2017 on the back of heightened investment.

Persons: Disney, Bob Iger Organizations: Disney, Walt Disney Locations: Florida, Hong Kong, Paris, Tokyo, Shanghai

As a financial planner, I have to be honest with you and say passive income is a bit of a myth. This is a realistic, achievable, and accessible way for most people to build passive income. Start a business (or invest in one)You can create passive income if you can build a business that operates without you. This path to passive income is one of the most narrowly available to a small group of people, though. But if your goal is passive income, earning royalties provides an avenue to achieving that for your future self.

Persons: it's, Read, doesn't Organizations: Service Locations: Wall, Silicon

New York CNN —Disney is greatly expanding its investment into theme parks and cruises, the company said Tuesday. The investment comes at a time the company is facing revenue challenges in its streaming services, movie and television assets — almost everywhere but its international theme parks. The theme park, which was announced in 2019, is set to include restaurants, hotels and, of course, rides. It will become the third theme park within the Universal Orlando Resort, stepping up its rivalry with Walt Disney World’s four theme parks. Trouble at homeDisney said Tuesday that it is focused on “expanding and enhancing” its theme parks, in the US and internationally, along with its cruise lines.

Persons: That’s, Walt Disney, Ricardo Ramirez Buxeda, Alicia Stella, didn’t, ”, Josh D’Amaro, Wakanda, Disney, Horacio Villalobos, Corbis, Kevin Lansberry, Bob Iger, ” Iger, Florida Governor Ron DeSantis, “ Disney, Stella Organizations: New, New York CNN, Disney, Disney Parks, SEC, Universal Orlando Resort, Orlando Sentinel, Tribune, Service, Star Wars, Getty, Parks, Walt Disney, Florida Governor Locations: New York, Parks, Orlando , Florida, Orlando, Anaheim , California, Asia, ”, Florida

Search resuls for: "Intellectual Property"

25 mentions found