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☆ Jim Cramer picks Disney as best of the major media stocks
▼ + stars: | 2023-11-10 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Friday ranked major media stocks, choosing Walt Disney as the best of the bunch. "After earnings season, it's worth reassessing the independent media plays, because some of them are doing much better than expected," Cramer said. Walt Disney " this quarter, Cramer said, reporting better-than-expected earnings after years of struggling. Cramer said CEO Bob Iger has taken control of Disney's narrative, expressing confidence that this quarter is a turning point. To Cramer, Disney is likely to deliver on its cost-cutting promises or at least "die trying."

Persons: CNBC's Jim Cramer, Walt Disney, Cramer, Bob Iger, Disney Organizations: Fox Warner Bros, Paramount, Comcast, CNBC

☆ The founders of The Gist and Just Women's Sports describe what it's like to run a women-focused media company in a male-dominated industry
▼ + stars: | 2023-11-10 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +7 min

Ellen Hyslop cofounded in 2017 The Gist, a sports media company geared toward female fans. Three years later, Haley Rosen founded Just Women's Sports, making Instagram content about, well, just women's sports. In the male-dominated sports media industry, these female founders have built sustainable and successful businesses around women in sports. In 2022, women's sports received 15% of all sports media coverage, a study by Wasserman's The Collective found. "Every single person at Just Women's Sports adds so much value and is so influential and impactful in the company," Rosen said.

Persons: Ellen Hyslop, Gist, Haley Rosen, They're, Rosen, Billie Jean King, Hyslop, The Gist, That's, King, Kevin Durant, Allyson Felix, Abby Wambach, Sam Kerr, Kelley O'Hara, Elena Delle Donne, Haley, Michele Kang, Wasserman's, We're Organizations: Sports, Nike, Media, Comcast, Labs, King's Enterprises, Elysian Park Ventures, State, Brooklyn Nets, New York Liberty, Philadelphia 76ers, Washington

☆ Hollywood actors' strike is set to end Thursday after SAG-AFTRA reached a tentative agreement with major studios
▼ + stars: | 2023-11-09 | by ( Alison Brower | Reed Alexander | ) www.businessinsider.com time to read: +5 min

SAG-AFTRA has reached a tentative agreement to end its strike against the Hollywood studios. The strike lasted 118 days, and, along with the Hollywood writers' strike, halted most film and TV production. AdvertisementAdvertisementThe actors' union, SAG-AFTRA, announced Wednesday evening that it had secured a tentative deal with Hollywood studios to end a strike of nearly four months, a spokesperson for the guild confirmed to Insider. The guild's national board will review the tentative deal on Friday, November 10, after which the union said "further details" would be released. While 2023 has seen some box office highs, most notably the summer's Barbenheimer phenomenon, movie theaters, and Hollywood studios are still struggling to recover from the pandemic drop in theatergoing.

Persons: AFTRA, —, Netflix —, Bob Iger, Donna Langley, Ted Sarandos, David Zaslav, Debra Messing, Pedro Pascal — Organizations: Hollywood, Service, SAG, Alliance, Television Producers, Writers Guild of America, Warner Bros, Disney, Netflix, Discovery, WGA, Apple, Paramount, Sony, Writers Locations: California, Hollywood, —

☆ Here's what streaming bundles could look like, according to Liberty Media's John Malone
▼ + stars: | 2023-11-09 | by ( Drew Richardson | ) www.cnbc.com time to read: +3 min

"It could certainly happen if one was focused on one type of demographic and the other, another type of demographic," Liberty Media Chairman John Malone told CNBC's David Faber in an interview that aired Thursday. "Broadcast continues to survive, but is under real pressure as Big Tech competes for sports," Malone told CNBC. Disney already offers a three-way bundle plan of Hulu, Disney+ and ESPN+, which Disney owns. "The streaming version with ads will be part of the cable bundle," Malone, a former Charter board member, told CNBC. I would much rather see the cable companies be distributors of streaming in bundles and packages, because the two are kind of tied to the hip."

Persons: John Malone, CNBC's David Faber, Max, Malone, NBCUniversal's Peacock, Bob Iger, Iger, CNBC's Julia Boorstin, Disney didn't Organizations: Netflix, Hulu, Liberty Media, Warner Bros, Max, YouTube, Amazon, NFL Football, NFL Sunday, Big Tech, CNBC, Disney, ESPN, Communications, Charter Locations: Hulu

☆ What's Warner Bros. Discovery's next move? David Zaslav and John Malone offer clues
▼ + stars: | 2023-11-09 | by ( Alex Sherman | ) www.cnbc.com time to read: +7 min

In this article WBDPARA Follow your favorite stocks CREATE FREE ACCOUNTDavid Zaslav, CEO and president of Warner Bros. Media company valuations have been plummeting amid streaming video losses, traditional TV subscriber defections, and a down advertising market. Warner Bros. Warner Bros. Warner Bros.

Persons: David Zaslav, John Malone, Malone, David Faber, Zaslav, Faber, Bob Bakish, Simon & Schuster, Shari Redstone, David A, Peacock, Brian, Roberts, Puck's Dylan Byers, Warner Organizations: Warner Bros ., Liberty Media, Liberty Global, Qurate Retail Group, CNBC, Reuters Warner Bros, Media, Warner Bros, Discovery, Sirius XM, Sirius, Paramount Global, Paramount, Viacom, CBS, Allen, Co . Media, Technology Conference, Grogan, CNBC Paramount Global, Comcast, U.S, NBC Locations: U.S, Sun Valley , Idaho

☆ Nintendo to make Zelda movie after Mario success; shares pop 6%
▼ + stars: | 2023-11-08 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Shigeru Miyamoto, creator of Zelda, and Avi Arad, chairman of Arad Productions Inc., who has been a producer on a number of hit Marvel movies, will produce the Zelda film. Nintendo said Wednesday it plans to develop a live-action film of The Legend of Zelda, one of its most popular characters, as the gaming giant looks to replicate the success it had with the Mario movie. Investors had feared that sales of the more than six-year old Nintendo Switch console had peaked. Nintendo will be hoping for similar success with the Zelda movie. Nintendo will co-finance the Zelda film with Sony Pictures.

Persons: Mario, Shigeru Miyamoto, Zelda, Avi Arad, Wes Ball Organizations: Nintendo, Mario Bros, Universal Studios, Arad Productions Inc, Investors, Sony Pictures, Comcast, CNBC Locations: Japan, NBCUniversal

☆ SAG-AFTRA actors' union reaches tentative labor agreement with Hollywood studios
▼ + stars: | 2023-11-08 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

SAG-AFTRA members walk the picket line on the 100th day of their ongoing strike outside Paramount Studios in Los Angeles, California, October 20, 2023. Hollywood's actors and studios have a preliminary labor agreement. The tentative deal will go to the union's national board Friday for "review and consideration," the statement said, and added that further details will be released following the meeting. The actors strike, which has lasted 118 days, will end at midnight and the SAG-AFTRA board will convene on Friday to review the final deal. Hollywood actors initiated a work stoppage in mid-July as negotiations broke down with studios including Disney , Paramount , Universal , Netflix and Warner Bros.

Persons: AFTRA Organizations: Paramount Studios, SAG, Screen Actors, American Federation of Television, Radio Artists, Alliance, Television Producers, Hollywood, Disney, Paramount, Universal, Netflix, Warner Bros . Discovery . Studios, Television, Writers Guild of America, Comcast, CNBC Locations: Los Angeles , California, NBCUniversal

☆ Disney is set to report earnings after the bell – here's what to expect
▼ + stars: | 2023-11-08 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023. In its previous quarter, Disney recorded $2.65 billion in one-time charges and impairments, dragging the company to a rare quarterly net loss. Disney is also feeling pressure from activist investor Nelson Peltz, who is seeking to gain more control of the company's board. Perlmutter is one of the largest single shareholders in the company and has entrusted his stake in Disney to Peltz's Trian Fund Management. Tune in: CNBC's Julia Boorstin is set to interview Disney CEO Bob Iger at 4:05 p.m.

Persons: Walt Disney, Mickey Mouse, Bob Iger's, Nelson Peltz, There's, Ike Perlmutter, Perlmutter, Julia Boorstin, Bob Iger Organizations: Magic, Walt Disney World, –, Netflix, Disney, Marvel Entertainment, Trian Fund Management, Comcast, CNBC Locations: Lake Buena Vista , Florida, Hulu, Disney, NBCUniversal

☆ Here’s what's worrying analysts going into Disney’s earnings report
▼ + stars: | 2023-11-08 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

Analysts are eyeing updates on Disney's direct-to-consumer business and ESPN ahead of fiscal fourth-quarter results Wednesday, as the company pivots further into streaming. The analyst has a buy rating on Disney stock with a $125 per share price target, down from $128. Here's what other analysts on Wall Street are saying ahead of Disney's results. MoffettNathanson - buy rating MoffettNathanson has a buy rating on Disney stock and a $115 per share price target. Wells Fargo - overweight rating Wells Fargo analyst Steven Cahall rates the stock overweight with a $110 per share price target.

Persons: Disney, Goldman Sachs, Brett Feldman, Jason Bazinet, Morgan Stanley, Ben Swinburne, Michael Nathanson, Nathanson, Wells, Steven Cahall, Cahall, Michael Bloom Organizations: ESPN, Disney, DIS, Hulu, Comcast, Citi, Press, Sports, CNBC

☆ Disney's board is in focus as activist investor Nelson Peltz considers his next move
▼ + stars: | 2023-11-08 | by ( Alex Sherman | ) www.cnbc.com time to read: +4 min

Activist investor Nelson Peltz may be intent on making sure Disney directors don't get that luxury. He tried earlier this year to get himself on the Disney board, only to be rebuffed by Iger and eventually walk away in February. Disney's board has also struggled to groom a successor to Iger, who has five times renewed his contract to stick around as CEO. Still, to sway Disney shareholders to vote for Peltz or other board members, Trian may need to push for specific ideas or financial engineering that Disney hasn't already articulated. If not, his next move could be a public fight to get himself and others on Disney's board.

Persons: Nelson Peltz, Ike Perlmutter, Bob Iger, Trian hasn't, Peltz, Hugh Johnston, Iger, Trian, Gamble, Bob Chapek, Mark Parker, Mary Barra, there's Organizations: Disney, Trian, Management, Marvel Entertainment, PepsiCo, Paramount Global, Comcast, Warner Bros, Discovery, AMC Networks, Lions, Entertainment, Proctor, Nike, General, Iger, CNBC, ABC, ESPN Locations: Iger

☆ SAG-AFTRA says studios’ latest offer falls short of union’s AI demands
▼ + stars: | 2023-11-06 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

NEW YORK, NEW YORK - OCTOBER 31: Rebecca Damon joins SAG-AFTRA members on strike during Halloween on October 31, 2023 in New York City. The strike, which began on July 14, entered its 100th day on October 21st as the actors' union and Hollywood studios and streamers failed to reach an agreement. (Photo by John Nacion/Getty Images)SAG-AFTRA actors aren't totally on board with Hollywood studios' latest labor agreement pitch. Studios put forth this "last, best and final offer" over the weekend, with top executives making clear that they would not make further concessions. Later in the month, talks resumed again, but so far, SAG-AFTRA and the AMPTP have been unable to reach a deal.

Persons: Rebecca Damon, John Nacion, aren't, AFTRA Organizations: NEW, SAG, Hollywood, Getty, American Federation of Television, Radio Artists, Alliance, Television Producers, Disney, Paramount, Universal, Netflix, Warner Bros ., Television, Comcast, CNBC Locations: New York City, NBCUniversal

☆ Striking actors say they have rejected the Hollywood and TV studios’ ‘best and final offer’
▼ + stars: | 2023-11-06 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —SAG-AFTRA said it has responded to Hollywood studios’ “last, best & final offer” on Monday as pressure ramps up to reach a deal ending the industry-freezing strike. The actors’ union said in a message to its members that there are several “essential items” that the two sides have yet to reach agreement on, such as the use of AI. SAG-AFTRA, which represents about 160,000 actors, announced its members would walk off sets on July 14, joining the striking writers in a historic double walkout against the studios. Both unions have advocated for restrictions on the use of artificial intelligence, a technology that actors and writers alike believe poses an existential threat to their livelihoods. Members of the Writers Guild of America union ratified a new contract with Hollywood and television studios in early October.

Persons: AFTRA, “, ”, It’s, – CNN’s David Goldman Organizations: New, New York CNN, SAG, ’, Alliance, Television Producers, Disney, Netflix, Warner Bros . Discovery, Warner Bros, CNN, Writers Guild of America, Hollywood Locations: New York

☆ Databricks CEO on client Texas Rangers World Series win: 'It's kind of like Moneyball 2.0'
▼ + stars: | 2023-11-06 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In a Monday interview with CNBC's Jim Cramer, Databricks CEO Ali Ghodsi detailed how the enterprise software company helps its clients, including recent World Series champions, the Texas Rangers. Ghodsi said he'd like to think Databricks had a "tiny little part" in the Texas Rangers' win, likening the company's involvement to the film "Moneyball." The company then used its AI model to analyze this data and was able to make recommendations, perhaps changing a player's pitch slightly. "We run it like a public company, we just happen to not be public," Ghodsi said. Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.

Persons: CNBC's Jim Cramer, Ali Ghodsi, Ghodsi, Databricks Organizations: Texas Rangers, NBC Universal, Comcast, Reuters, CNBC

☆ Striking actors are reviewing Hollywood and TV studios’ ‘best and final offer’
▼ + stars: | 2023-11-04 | by ( Manav Tanneeru | David Goldman | ) edition.cnn.com time to read: +3 min

New York CNN —A deal to resolve film and television actors’ 113-day strike could be imminent, as the union representing them said it is reviewing Hollywood and TV studios’ final offer. The negotiating committee for the SAG-AFTRA union on Saturday said it received a “last, best and final offer” from the Alliance of Motion Picture and Television Producers, whose members include Disney, Netflix, NBCUniversal, and Warner Bros. Warner Bros. Both the actors and writers fought for updated deals that better paid them for shows and movies on streaming services. Disney’s Bob Iger, Warner Bros. Discovery’s David Zaslav, Netflix’s Ted Sarandos, and NBC Universal’s Donna Langley have been directly involved in negotiations.

Persons: ’, It’s, George Clooney, Tyler Perry, Bob Iger, Discovery’s David Zaslav, Ted Sarandos, Donna Langley Organizations: New, New York CNN, Hollywood, SAG, Alliance, Television Producers, Disney, Netflix, Warner Bros . Discovery, Warner Bros, CNN, NBC Locations: New York

☆ Why Disney's Hulu deal is a win for the company's streaming business
▼ + stars: | 2023-11-02 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

The transaction, which reflects the guaranteed minimum value of $27.5 billion for the streaming service the two sides agreed upon in 2019 , is expected to close by Dec. 1. Disney stock climbed 2.4% Thursday, to trade at roughly $83 a share. But the new ownership structure should allow Disney to create a more valuable streaming service as a single product under the Disney+ umbrella. Disney's widely expected deal to acquire the remainder of Hulu comes as the company continues to struggle to make its streaming business profitable, even if losses have been narrowing of late. But the development of a one-stop-shop for all Disney's streaming content should at least enhance the customer experience, while also improving engagement.

Persons: Walt Disney, Jeff Marks, Hulu, Jim Cramer's, Jim Cramer, Jim Organizations: Hulu, Disney, Comcast, CNBC, ESPN, DIS, Getty Locations: NBCUniversal, Hulu

☆ Media stocks pop as Roku rally lifts the sector
▼ + stars: | 2023-11-02 | by ( Drew Richardson | ) www.cnbc.com time to read: +1 min

Media stocks popped Thursday as Roku's 30% rally lifted the entire sector. Wall Street celebrated the streaming device company's third-quarter report Wednesday, in which Roku reported strong trends in content distribution and advertising as well as uptake of its Roku-branded TVs. Strong usership for Roku means more points of access for subscribers to Paramount+, Max, Netflix, Peacock and other streaming services. Netflix reported a surprise jump in subscribers in its third-quarter earnings report last month, driven largely by its ad-supported subscription tier. The company said Wednesday that its ad-supported tier has amassed 15 million subscribers, tripling its previously announced total of five million in May.

Persons: Roku, StreetAccount, Peacock Organizations: Media, Wall Street, Paramount, Warner Bros, Discovery, Disney, Hulu, Netflix, Comcast, Warner Bros . Discovery, CNBC, CNBC PRO Locations: Hastings, Hudson , New York

☆ Disney to Pay Comcast’s NBCUniversal at Least $8.61 Billion for Its Stake in Hulu
▼ + stars: | 2023-11-01 | by ( Jessica Toonkel | ) www.wsj.com time to read: 1 min

A scene from ‘Only Murders in the Building,’ an original show on Hulu. Photo: Patrick Harbron/Hulu)Disney said Wednesday it expects to pay Comcast ’s NBCUniversal at least $8.61 billion for its stake in Hulu, as the companies continue complex negotiations over the future of the streaming video service. Disney’s announcement came after Comcast exercised its option, as part of a long-held agreement between the companies, to sell its minority stake in Hulu. Disney controls two-thirds of the service, while Comcast owns one-third.

Persons: Patrick Harbron, Disney Organizations: Hulu ., Comcast, Disney Locations: Hulu

☆ Disney to buy remaining Hulu stake from Comcast in widely expected move
▼ + stars: | 2023-11-01 | by ( Mike Calia | ) www.cnbc.com time to read: +1 min

Disney said Wednesday that it had agreed to buy Comcast 's one-third stake in streaming service Hulu, a long-expected outcome. Disney said it expects to pay Comcast's NBCUniversal about $8.61 billion by Dec. 1, reflecting the guaranteed minimum value of $27.5 billion for the streaming service the two sides agreed upon in 2019. Disney could pay more based on Hulu's equity value as of Sept. 30. Originally, Disney and Comcast had set a deadline to resolve Hulu's ownership by January. Disney already sells Hulu as part of a streaming bundle with its Disney+ and ESPN+ products.

Persons: Disney Organizations: Comcast, Hulu, Disney, ESPN, CNBC Locations: Hulu

[1/2] A smartphone with displayed "Disney" logo is seen on the keyboard in this illustration taken March 24, 2020. Disney said it expected to pay NBCUniversal (NBCU) parent Comcast about $8.61 billion by Dec. 1. Hulu had 48.3 million subscribers at the end of Disney's third quarter, compared with 28 million paid subscribers for Comcast's Peacock streaming service at the end of Comcast's third quarter. Disney+ had 146.1 million global subscribers at the end of Disney's third quarter. If the value is determined to be greater than the guaranteed floor value, Disney will pay NBCU the difference.

Persons: Dado, Walt Disney, Disney, Bob Iger, Goldman Sachs, Brian Roberts, Dawn Chmielewski, Helen Coster, Sriraj Kalluvila, Sayantani Ghosh, Jamie Freed Organizations: REUTERS, ANGELES, Wednesday, Disney, Comcast, Hulu, Goldman, Thomson Locations: Hulu, Burbank , California, U.S, Los Angeles, New York

☆ Matthew Perry’s life full of joy and pain
▼ + stars: | 2023-10-30 | by ( Marianne Garvey | ) edition.cnn.com time to read: +8 min

CNN —Matthew Perry achieved global fame and career success, bringing joy to audiences around the world. Perry wrote of the loneliness he experienced during his cycles of substance abuse and recovery and worked hard to help others doing the same. In his book, Perry wrote that Roberts agreed to appear in the series only if she could be in a storyline with Chandler Bing. Matt LeBlanc, Matthew Perry and David Schwimmer. That’s what I want.”“When I die, I don’t want ‘Friends’ to be the first thing that’s mentioned,” he added.

Persons: Matthew Perry, ”, Perry, Hank Azaria, “, Matthew, ” Azaria, ” Perry, “ I’ve, ‘ Will, Chandler Bing, Matt LeBlanc, Joey Tribbiani, Lisa Kudrow, Phoebe Buffay, David Schwimmer, Ross Geller, Courteney Cox, Monica Geller, Jennifer Aniston, Rachel Green, Reisig, Julia Roberts, Roberts, ” Julia Roberts, Betty Ford, Monica, Danny Feld, Sara ”, “ That’s, you’ll, hadn’t, Diane Sawyer, Julia Weeks Organizations: CNN, AA, Hollywood, NBC, Getty Locations: ”, Minnesota, Malibu

It hardly mattered that “Five Nights at Freddy’s” was released simultaneously in theaters and on streaming this weekend. Fans flocked to movie theaters across the country to see the scary video game adaptation on the big screen, which made $78 million to top the North American box office, according to studio estimates Sunday. The movie also opened in 64 markets internationally, where it’s expected to gross $52.6 million, giving the film a $130.6 million global launch – the biggest of any horror released this year. Political Cartoons View All 1223 ImagesAnd it paid off: “Five Nights at Freddy’s” is his company’s biggest opening of all time, surpassing “Halloween’s” domestic and global debut. Coppola’s “Priscilla,” about Priscilla Presley’s life with Elvis, also opened on four screens in New York and Los Angeles, where it averaged $33,035 per screen.

Persons: ”, Blumhouse, Emma Tammi, Josh Hutcherson, Mary Stuart Masterson, Matthew Lillard, Freddy Fazbear’s, Scott Cawthon, Jason Blum, “, ” Blum, AP’s Mark Kennedy, “ Taylor Swift, Martin Scorsese's, Alexander Payne’s “, Sofia Coppola’s “ Priscilla, Paul Giamatti, Coppola’s “ Priscilla, Priscilla Presley’s, Elvis, Cailee Spaeny, Jacob Elordi Organizations: American, Universal, Peacock, NBCUniversal, IGN, Rotten, AMC Theatres, Paramount, New Locations: U.S, Canada, New York, Los Angeles, New England

☆ The NBA is shooting for a new media rights deal worth up to $60 billion, nearly triple its previous pact, that will pay teams and players millions more
▼ + stars: | 2023-10-27 | by ( James Faris | Margaret Fleming | ) www.businessinsider.com time to read: +11 min

Media analysts widely expect the league to select at least three distributors for its next media rights deal after the current setup expires in 2025. Comcast's NBCUniversal could be a frontrunner for a spot in the NBA's new media deal alongside Amazon, Nispel said. NBA players could be poised to earn sky-high paydaysThe NBA's last media deal — the $24 billion contract it struck in 2014 — was nearly triple the value of its previous pact. The pressure is now on the NBA to deliver a media deal that satisfies teams, athletes, and fans. Still, Macquarie media analyst Tim Nollen is optimistic about the size of the NBA's next media rights deal.

Persons: Jessica Reif Ehrlich, disruptors, Brandon Nispel, Nispel, —, Shirin Malkani, who's, Perkins, Leron Rogers, that's, Mark Patricof, Tim Nollen, Nollen, Reif Ehrlich, Ehrlich Organizations: NBA, Media, ESPN, Warner Bros, TNT, Disney, Apple, NBC, Comcast, Wall Street, Bank of America, NFL, MLB, NHL, KeyBanc Capital, Amazon, Flagship, ABC, Prime, Industry, Patricof, Macquarie, Diamond Sports

☆ Comcast revenue and profit top estimates as Universal theme park sales soar
▼ + stars: | 2023-10-26 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

Comcast topped both revenue and profit estimates in the third quarter, but the largest U.S. internet provider lost high-speed broadband customers and NBCUniversal advertising revenue slumped. NBCUniversal's flagship streaming service Peacock added 4 million subscribers and revenue increased 64% to $830 million, stemming the subscription service's quarterly loss to $565 million. Revenue rose 0.9% compared to the prior year period. U.S. broadband revenue rose 3.8% to $6.4 billion even as subscribers fell due to higher rates. Wireless revenue rose 16% to $917 million in the quarter on a net addition of 294,000 customers.

Persons: Peacock, Read Organizations: NINTENDO, Universal Studios Hollywood, Comcast, LSEG, Sky, Sky . Revenue, Super Nintendo, U.S Locations: Universal City , California, Sky .

Small toy figures with laptops and smartphones are seen in front of displayed Comcast logo, in this illustration taken December 5, 2021. Revenue for the media giant’s third quarter rose 0.9% to $30.12 billion, beating analysts’ estimates of $29.68 billion, according to LSEG data. Comcast lost 18,000 broadband customers in the quarter, as it faces more competition from wireless carriers such as Verizon (VZ.N) and T-Mobile (TMUS.O), which offer broadband. Paid subscribers increased by 4 million in the third quarter, to 28 million, from the 24 million reported in the previous quarter. That growth was driven partly by the addition of Comcast subscribers who had been getting Peacock for free, and converted to paid subscribers.

Persons: Dado Ruvic, FactSet, Peacock, Oppenheimer, Helen Coster, David Gregorio Our Organizations: Comcast, REUTERS, Revenue, Verizon, Dominion, Thomson Locations: New York, Bengaluru

☆ Stocks making the biggest moves midday: Merck, Bristol-Myers Squibb, Align Technology and more
▼ + stars: | 2023-10-26 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

UPS — The shipping company saw shares decline 5.9% after releasing its third-quarter earnings report, which showed disappointing revenue. Full-year revenue guidance was also slightly below expectations. Whirlpool — The home appliance company dropped 15.8% on Thursday after Whirlpool issued full year earnings guidance of about $16 per share. Bristol-Myers Squibb — Shares of the drug maker fell 6.2% after the company reported a decline in sales of its popular blood cancer drug, Revlimid, citing generic competition. ServiceNow — The workflow software company jumped 1.6% after posting third-quarter earnings and revenue that beat analyst expectations.

Persons: LSEG, Merck —, Merck, Steven Vondran, Thomas Bartlett, ServiceNow, —, Alex Harring, Yun Li, Lisa Kailai Han, Tanaya, Hakyung Kim Organizations: Bunge —, Comcast, UPS, Hasbro, Whirlpool, Bristol, Myers, Merck, Technology, American Tower Corporation, Flex, IBM —, Wall, CNBC Locations: NBCUniversal, American

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