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☆ ‘Oppenheimer’ helps IMAX swing to a profit in the third quarter
▼ + stars: | 2023-10-25 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +4 min

IMAX on Wednesday posted third-quarter earnings showing its second highest-grossing quarter ever at the global box office, led by Universal's "Oppenheimer." The quarter was behind only the fourth quarter of 2019, when "Joker" and "Star Wars: The Rise of Skywalker" opened, in terms of grosses, IMAX said. In the third quarter, IMAX also generated 120 new signings for new and upgraded IMAX systems across the world. The company delivered a record performance in the third quarter," Gelfond said during the call. Looking to next year, IMAX expects "some movement" due to effects felt from the Hollywood actors' strike, Gelfond said.

Persons: Universal's, Oppenheimer, Richard Gelfond, We've, Gelfond, I've, Indiana Jones, Natasha Fernandes, Taylor Swift, Beyonce Organizations: Revenue, Hollywood, CNBC, Universal Pictures

☆ Paramount's Shari Redstone is open for business, but business may not be open for her
▼ + stars: | 2023-10-22 | by ( Alex Sherman | ) www.cnbc.com time to read: +11 min

Paramount Global 's controlling shareholder is open to a merger or selling the company at the right price, according to people familiar with her thinking. Spokespeople for Redstone and Paramount Global declined to comment. Paramount Global's market value was below $8 billion as of Friday. Discovery could merge with Paramount Global, though putting together Warner Bros. and Paramount Pictures may hold up deal approval with U.S. regulators. Paramount Global isn't actively working with an investment bank on a sale, according to people familiar with the matter.

Persons: Shari Redstone, David A, CNBC Shari, Jon Miller, SpongeBob, Guggenheim, Michael Morris, Morris, Warren Buffett, Berkshire Hathaway, Bob Bakish, Bakish, Wells, Steven Cahall, Cahall, CNBC's David Faber, Lina Khan, Laura Martin, haven't, Simon, Simon & Schuster, Sumner Redstone, NAI, Jim Cramer Organizations: National Amusements, Paramount Global, Allen & Company Sun Valley, Grogan, CNBC, Paramount, Redstone, Integrated Media, Advancit, Paramount Pictures, CBS, MTV, Nickelodeon, Comedy Central, BET, Showtime, NFL, Champions League, Viacom, Berkshire, Paramount Global's, Tech, Apple, YouTube, National Football, Federal Trade, Big Tech, Comcast, NBC, Fox, Disney, Needham & Co, Netflix, Bain, Co, Warner Bros, Sky, Scripps, Discovery, Simon &, MSD Partners Locations: Sun Valley , Idaho, Los Angeles , California, U.S

☆ Actors and Hollywood Studios to Restart Negotiations
▼ + stars: | 2023-10-21 | by ( Nicole Sperling | More About Nicole Sperling | ) www.nytimes.com time to read: +1 min

The major entertainment studios and the union representing tens of thousands of striking actors will return to the negotiating table on Tuesday, less than two weeks after talks were suspended because the sides remained far apart on significant issues. The restart of negotiations was announced in a joint statement on Saturday from the Alliance of Motion Picture and Television Producers, which bargains on behalf of the studios, and SAG-AFTRA, the actors’ union. On Oct. 9, the Writers Guild of America ratified its new contract and there had been hope that a new deal with the actors would follow. The strikes have been devastating financially for many, both within and outside the industry. But an agreement with the actors would mean getting back to work without losing the entirety of the fall television schedule or having next summer’s moviegoing season upended.

Persons: —, Donna Langley, Ted Sarandos, Robert A, David Zaslav — Organizations: Alliance, Television Producers, SAG, Netflix, Walt Disney Company, Warner Bros, Writers Guild of America Locations: California

☆ Even CEOs are joining the 'Great Resignation'
▼ + stars: | 2023-10-20 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

CEOs are quitting at record rates this year with 1,425 exits in the first nine months of 2023 alone. That's according to a new report by Challenger, Gray, and Christmas about the number of CEO exits in 2023. AdvertisementAdvertisementCEOs are the latest to bow under the pressure of a challenging economic environment and are joining the "Great Resignation," at record rates, a new report by outplacement firm Challenger, Gray & Christmas found. According to Challenger, Gray & Christmas' report, 164 CEOs quit in September 2023, up from the 74 CEOs who left their jobs in the same period last year. CEO exits in the government and non-profit sector were also up sharply from last year, climbing from 190 to 353.

Persons: Gray, There's, CNN's Chris Licht, —, Elon Musk, Linda Yaccarino, Chris Licht Organizations: Challenger, Service, SEC, Twitter, CNN

☆ Net neutrality, blunted under Trump, may soon be revived
▼ + stars: | 2023-10-19 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

Demonstrator on the issue of net neutrality at the U.S. Capitol February 27, 2018 in Washington, DC. Net neutrality is poised for a resurgence after the Federal Communications Commission voted Thursday to begin the process of reestablishing the so-called open internet rules. The vote revives a debate that last came to a head in 2017 when the agency voted to reverse the net neutrality rules created just a couple of years earlier. Republican Commissioner Brendan Carr pointed to statements from Democratic lawmakers in support of net neutrality and called the earlier campaign for the rules a "viral disinformation campaign." "We're now faced with advocates who can't accept that they won and that we have de facto net neutrality," Republican Commissioner Nathan Simington said.

Persons: Democrats Rosenworcel, Gomez, Geoffrey Starks, Carr, Simington, Jessica Rosenworcel, Anna Gomez, Biden, Gigi Sohn, Brendan Carr, We're, Nathan Simington, Rosenworcel, They're Organizations: U.S, Capitol, Federal Communications, Democrats, Democratic, Republican, Communications, Comcast, CNBC, White Locations: Washington ,, California, Sacramento

☆ Sports programming still dominates TV, and Netflix is leaning more into it
▼ + stars: | 2023-10-18 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

Whether it's streaming or traditional TV, sports keep audiences coming back to their screens — and Netflix is working on getting more into the game. Netflix announced it would broadcast "The Netflix Cup" live, a matchup between athletes that appeared in the Formula 1 docuseries and the golf series "Full Swing." Even though customers are fleeing traditional TV, from the cable-TV bundle to broadcast, those that stick around often do so for the live sports. That showed in September, when the return of the National Football League and college football seasons propelled both broadcast and cable-TV viewership. It has been a gradual move toward both sports and live streaming — Netflix had technical issues when it aired the finale of reality show "Love is Blind" earlier this year — but one the streamer appears ready to make.

Persons: Max, NBCUniversal's Peacock Organizations: Netflix, Sports, Heineken Silver Las Vegas, National Football League, Nielsen, ESPN, Warner Bros, Disney, NFL, NBC, CNBC Locations: Las Vegas

☆ Hollywood insiders are bracing for M&A activity to make a comeback, as 10 experts reveal the deals they're predicting
▼ + stars: | 2023-10-17 | by ( Reed Alexander | Lucia Moses | ) www.businessinsider.com time to read: +12 min

"The unknown is hard to transact in," Sam Powers, the global head of technology, media, and telecommunications for Bank of America, told Insider. Microsoft's $69 billion acquisition of Activision , which was completed Thursday, has also put media and tech M&A back in the spotlight. "People have been holding their breath in nervous anticipation" about the idea of tech buying big media , one investor told Insider. Private-equity bets on media and Hollywood have seen mixed resultsPrivate-equity firms may have the cash to finance major media acquisitions, but they're reckoning with market volatility. Are you a Hollywood insider?

Persons: Hollywood dealmakers, Jonathan Handel, Sam Powers, Bob Iger, —, Byron Allen, Greg Doherty, Iger, Disney's, Byron Allen —, Allen, Disney, it's, Handel, It's, you've, Reese Witherspoon, Dave Kotinsky, Moonbug, Reese Witherspoon's, Jeff Zucker, Abu, Tom Staggs, Kevin Mayer, Lucia Moses, Reed Alexander Organizations: Hollywood, Puck News, Bank of America, SAG, Writers Guild of America, Disney, ESPN, Activision, Byron Allen The Weather, Wall Street shareholders, Bureau of Labor Statistics, Hulu, ABC, Nexstar Media Group, Allen Media Group, Weather, Lionsgate, Starz, Paramount, BET, Warner Bros, Games, Disney Digital Network, Maker Studios, Observers, Comcast, Paramount Global, Tech, MGM, Microsoft, Netflix, Apple, RedBird Capital Partners, RedBird IMI, Private, SP, G Global Market Intelligence, Bloomberg, Media, Apollo Global Management, Yahoo Locations: Hollywood, Blackstone, Abu Dhabi, lmoses@insider.com, ralexander@insider.com

☆ Delta says Hollywood, auto strikes are denting business travel
▼ + stars: | 2023-10-12 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

A Delta Airlines passenger jet approaches to land at LAX during the outbreak of the coronavirus disease (COVID-19) in Los Angeles, California, U.S., April 7, 2021. Recent strikes by Hollywood talent and United Auto Workers union members are a "drag" on business travel demand, which is otherwise recovering, Delta Air Lines President Glen Hauenstein said Thursday. The strikes have had "a not insignificant change in the business travel to and from Los Angeles as well as now the UAW strike, which curtailed a significant amount of the business in Detroit," Hauenstein said on an earnings call Thursday. But Hollywood actors, represented by the Screen Actors Guild-American Federation of Television and Radio Artists, are still on strike. Delta's Hauenstein noted that demand from technology and financial services customers posted double-digit growth in the third quarter, contributing to an overall rebound for business travel.

Persons: Glen Hauenstein, Hauenstein, Delta's Hauenstein Organizations: Delta Airlines, LAX, Hollywood, United Auto Workers, Delta Air Lines, Detroit Metropolitan Wayne County Airport, Los Angeles International Airport, UAW, Detroit, Screen, American Federation of Television, Radio Artists, Alliance, Television Producers, Disney, Universal, Netflix, Comcast, CNBC Locations: Los Angeles , California, U.S, Los Angeles, Detroit, NBCUniversal

☆ Why investors should buy these fixer-upper names, while sticking with 3 that are set to soar
▼ + stars: | 2023-10-11 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

Oracle Oracle (ORCL) stock has been sliding for some time, with shares down 14% over the past month, even as the stock has climbed more than 33% this year. He added that this is a great level at which to buy Oracle stock. And here are three Club names that need no work, and are well-positioned to soar: Caterpillar Caterpillar (CAT) has weathered the market's volatility well. TJX Companies This is TJX Companies ' (TJX) time to shine, as the off-price retailer has the best business model to capture the spending of a cash-strapped consumer. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Walt Disney, Jim, Disney's, Nelson Peltz, Laxman Narasimhan, There's, Larry, Ellison, it's, we're, TJX, Eli Lilly Eli Lilly, Mounjaro —, Jim Cramer's, Angela Weiss Organizations: Nasdaq, Treasury, Club, Disney, Walt, ESPN, Comcast, Hulu, CNBC, Starbucks, U.S, Oracle Oracle, Oracle, Caterpillar Caterpillar, Caterpillar, Traders, New York Stock Exchange, AFP, Getty Locations: NBCUniversal, China, U.S, Maxx, New York City

☆ Here's a rapid-fire update on all 36 stocks in our portfolio, including our latest addition
▼ + stars: | 2023-10-11 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +16 min

Here's a rapid-fire update on all stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. After reducing expenses to improve margins on its retail business, Jim said it's on the right track. Costco Wholesale (COST): Costco remains one of Jim's favorite stocks in the entire our entire portfolio. Ford Motor (F): Jim expressed confidence in Ford CEO Jim Farley, as the targeted United Auto Workers strike approaches the one-month mark. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, there's, it's, Bausch, we're, We've, Coterra, Dupont, We're, Nelson Peltz, Peltz, Estee Lauder, Patience, Fabrizio Freda, Emerson, Jim Farley, Ford, Locker, Mary Dillon, GEHC, Vimal Kapur, Bruce Broussard, Broussard, he's, Eli Lilly, Lilly, Mark Zuckerberg, Morgan Stanley, Morgan Stanley's, James Gorman, Laxman Narasimhan, Elliott, Stanley Black, Decker, Piper, Wells Fargo, Wells, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Federal Trade, Broadcom, VMWare, Bausch Health, Caterpillar, Costco Wholesale, Costco, Coterra Energy, Exxon Mobil, Natural Resources, Disney, ESPN, Hulu, Comcast, Emerson, National Instruments, Ford, United Auto Workers, Nike, GE Healthcare, Electric, GE, Honeywell International, Honeywell, Humana, Linde, LIN, Microsoft, Nvidia, Oracle, Alto Networks, cyberattacks, Palo Alto Networks, Procter & Gamble, Pioneer, Exxon, Constellation Brands, Elliott Management, FactSet, TJX, Marshalls, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: China, U.S, Maxx, Las Vegas, Boston, Macau, Asia

☆ Hollywood writers ratify new contract with studios
▼ + stars: | 2023-10-09 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Writers Guild of America East members walk a picket line at the Paramount+ Summit outside the Paramount Building in Times Square in New York City on May 17, 2023The Writers Guild of America has officially ratified its new three-year contract with Hollywood studios. The guild on Monday announced that 99% of its membership voted to ratify the new deal, with 8,435 votes for "yes" and only 90 for "no." "Through solidarity and determination, we have ratified a contract with meaningful gains and protections for writers in every sector of our combined membership," said Meredith Stiehm, president of Writers Guild of America West. The guild also negotiated higher contribution rates to health benefits and pensions, as well as a guaranteed number of writers in writers' rooms for television shows. "Until the studios make a deal that addresses the needs of performers, WGA members will be on the picket lines, walking side-by-side with SAG-AFTRA in solidarity," said Lisa Takeuchi Cullen, president of Writers Guild of America East.

Persons: Meredith Stiehm, Jimmy Fallon, Jimmy Kimmel, Seth Meyers, Stephen Colbert, John Oliver, Lisa Takeuchi Cullen Organizations: Guild of America East, Paramount, Guild of America, Hollywood, Monday, Writers Guild of America West, WGA, American Federation of Television, Radio Artists, Disney, Netflix, Universal, Warner Bros, Discovery, SAG, Writers Guild of America East, Comcast, CNBC, NBCUniversal Locations: New York City, NBCUniversal

☆ NBA can shift the balance of power in media with its next rights deal
▼ + stars: | 2023-10-06 | by ( Alex Sherman | ) www.cnbc.com time to read: +10 min

Every media rights renewal for the NBA is an important event because it only happens about once a decade. But with the National Football League's media rights locked up until 2033, the NBA has a unique opportunity to play media kingmaker. CNBC first reported NBCUniversal's interest in again airing NBA games earlier this year. Carving up the piewatch nowThe NBA will have to balance demand against restricting supply to maximize the price for rights. Discovery's TNT, NBA TV, NBA League Pass or a regional sports network.

Persons: Jimmy Butler, Jamal Murray, Justin Edmonds, clamor, John Skipper, Ted Sarandos, Netflix hasn't, We've, Sarandos, that's, Netflix's Ted Sarandos, Jeff Kravitz, That's, Serbian Nikola Jokić, Victor Wembanyama, It's, Peacock, Michael Jordan, Discovery's Max, Aurelien Meunier, Kevin Durant Organizations: Miami Heat, Denver Nuggets, Ball Arena, Getty, Basketball, Comcast, Google, Apple, Netflix, YouTube, NBA, Disney, Warner Bros, Discovery, National Football, ESPN, Global, Slovenian Luka Dončić, Dallas Mavericks, San Antonio Spurs, NBCUniversal, NBC, CNBC, U.S, Metropolitans, Nielsen, Major League Soccer, Major League Baseball, ABC, TNT, NBA TV, Twitter Locations: Denver , Colorado, NBCUniversal, Hollywood , California, Australia, Brazil, Canada, France, Germany, Italy, Japan, Korea, Mexico, Spain, United Kingdom, United States, Slovenian, Serbian, Levallois, Perret, U.S

☆ Bernstein says buy Disney, calls it the 'only credible challenger to Netflix'
▼ + stars: | 2023-10-06 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Disney 's planned buyout of Hulu will offset any near-term troubles and benefit the company long term, according to Bernstein. Analyst Laurent Yoon's price target of $103 implies a potential 27% gain from Thursday's close. "We forecast DTC growth to outpace Linear decline, supporting overall growth of Media, with DTC revenue surpassing Linear revenue in 2024, and Disney becoming the undisputed #2 subscription video on demand." Yoon added that besides Disney's status as the "only credible challenger to Netflix," the company's parks business provides an additional strong revenue stream. DIS YTD mountain Disney YTD chart — CNBC's Michael Bloom contributed to this report.

Persons: Bernstein, Laurent, Yoon, Bob Iger, Michael Bloom Organizations: Disney, Hulu, Media, Netflix, Comcast, CNBC Locations: Thursday's

☆ Streaming companies chase Spanish-language sports rights to capture growing Hispanic viewership
▼ + stars: | 2023-10-06 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

It's an effort to diversify viewership and advertising opportunities — and to capitalize on a growing Hispanic streaming audience. Hispanic audiences spend nearly nine hours per day consuming media, the majority of which is TV viewership, according to a recent study from Nielsen based on viewership habits from July. The study noted the Hispanic audience has been at "the forefront of cord-cutting," making it a growing majority of streaming viewership, too. According to the findings, Hispanic viewers spend more than 50% of their time consuming TV through streaming, eclipsing the general population, at nearly 40%. Traditional media companies across the board have been doling out cash for sports as live games still command the highest traditional TV viewership.

Persons: Roberto Firmino, Eder Militao, NBCUniversal's, It's, Shirin Malkani, Perkins, Lea, Eli Velazquez, Lionel Messi Organizations: Liverpool, Real Madrid, UEFA Champions, Liverpool FC, Anfield, . Media, Canela Media, Telemundo, ESPN, Nielsen, Telemundo Deportes, Major League Soccer's Inter Miami Locations: Real, Liverpool, England, Spanish, U.S

☆ 'The Exorcist: Believer' and Hispanic audiences: A match made in horror movie heaven
▼ + stars: | 2023-10-05 | by ( Mike Calia | ) www.cnbc.com time to read: +8 min

In this article CMCSAUVV Follow your favorite stocks CREATE FREE ACCOUNTStill from the set of "The Exorcist: Believer." The new "Exorcist" movie will draw big Hispanic audiences. Universal is seeing stronger-than-average Hispanic interest for "The Exorcist: Believer" as the movie heads into its opening weekend, according to people familiar with the matter. Hispanic and Latino viewers will have a big say in how "The Exorcist: Believer" does at the box office, no matter what. They tend to represent 26% of horror movie audiences, compared with 20% for other genres, according to the Comscore/Screen Engine PostTrak Audience Survey.

Persons: Lea, Rolando Rodriguez, Leslie Odom Jr, Hamilton, Taylor Swift, Paul Dergarabedian, R.C, Jara, Max von Sydow, Linda Blair, Bela Lugosi, Guillermo del Toro, bogeyman El, Llorona, Angel Melanson, they're, William Peter Blatty, Ellen Burstyn, Jason Miller, Melanson, David Gordon Green, Alfred Hitchcock's, William Friedkin, there's, Green Organizations: Studios, National Association of Theatre Owners, Comscore, Survey, Bettmann, Getty, Universal, CNBC, Pew Research Center, Universal Studios, Hollywood Locations: Cuban, Georgia, Hollywood, United States

☆ Elon Musk’s X faces advertiser backlash after placing marketing for major brands on notorious white supremacist account
▼ + stars: | 2023-10-05 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

Those companies and organizations include Amazon, Samsung, the Denver Broncos, Cox Communications, STARZ, The Wall Street Journal, The Michael J. But that it apparently also believes it is appropriate to monetize the outlet’s vicious hate speech says volumes not only about the company’s ethics, but its supposed commitment to brand safety. X must be well aware that it is pairing advertisements with racist content, given that the NFL made noise about this very problem last week. In a Thursday night statement, X effectively acknowledged it has more work to do to make the platform safe for brands. Some of the brands whose advertisements appeared on VDARE’s account expressed strong displeasure on Thursday when they became aware of the situation.

Persons: Michael J, Linda Yaccarino, X, ”, —, ” Jon Kelly, Puck, Kelly, Lou Paskalis, “, ” Paskalis Organizations: CNN, Elon, Musk, Amazon, Samsung, Denver Broncos, Cox Communications, STARZ, Street, Fox Foundation, University of Missouri, Asian Development Bank, YouTube, NFL, Media, New York Waterway, ” Cox Communications, Wall Street Locations: University of Missouri , New York, Axios, York

☆ Tyranny of the 10-year Treasury yield: Is Big Tech about to get a major valuation reset?
▼ + stars: | 2023-10-05 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

That's the key question all investors need to be asking themselves as the 10-year Treasury yield reaches 16-year highs. The 10-year Treasury yield, while taking a breather Wednesday, shot up this week to 4.8%, its highest level since 2007. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, Warren Buffett, Baron Rothschild, Kevin McCarthy, they've, it's, opportunistically, Jensen Huang, Jim Cramer's, Jim Cramer Rob Kim Organizations: Treasury, Apple, Bulls, Federal Reserve, GOP, California Republican, U.S, AAA, U.S ., Nvidia, Club, Microsoft, Charitable Trust, CNBC, UAW Locations: California

☆ Disney is discounting child tickets at U.S. parks as industry attendance lags
▼ + stars: | 2023-10-04 | by ( Sarah Whitten | ) www.cnbc.com time to read: +4 min

It's about to be cheaper for families to visit Disney's domestic theme parks. The Walt Disney Company on Wednesday announced new, limited time discounts on children's tickets at Disneyland and Disney World. Universal's domestic parks, as well as region players like Six Flags and Sea World , have reported lower attendance this year. Meanwhile, the parks division saw a 13% increase in revenue during the third quarter, reaching $8.3 billion. The recent additions of the two Star Wars: Galaxy Edge lands in Disneyland and Disney World are estimated to have cost $1 billion each.

Persons: Price Organizations: Disney, Walt Disney Company, Wednesday, Walt Disney, Magic Kingdom, Big, Edge, Comcast, CNBC Locations: California, Orlando , Florida, U.S, Europe, Parks, Anaheim , California, Animal, Orlando, Magic, NBCUniversal

☆ Nominate a leader for CNBC's debut Changemakers list: Women transforming business
▼ + stars: | 2023-10-03 | by ( Julia Boorstin | ) www.cnbc.com time to read: +6 min

Game-changing female leadership is a topic that is close to my heart, and I'm thrilled to announce a new annual list at CNBC, Changemakers: Women transforming business. The list will highlight 40 trailblazing women who have accomplished meaningful achievements in the past year, women from companies and organizations across all sectors of the economy, including philanthropic organizations. Together, we will highlight how today's successful women leaders are taking novel approaches to old business problems and identifying new business opportunities. To help us identify a diverse and inclusive list, we have created an advisory board of experienced leaders across the business and philanthropic space. CNBC Changemakers are the new icons rewriting the rules and shaping the dynamic business landscape.

Persons: I'm, I've, — Joanne Bradford, Desiree Gruber —, Marcela Miguel Berland, Tory Burch, Burch, Emma Carrasco, Corporate Affairs Srikant Datar, Harvard Business School Dean Karen Finerman, Beth Ford, Ken Frazier, Desiree Gruber, Kris Jenner, Oscar Munoz, Laurene Powell, Emerson, Sheryl Sandberg, Stacy Smith Organizations: CNBC, Fortune, Tory, NBCUniversal, Corporate Affairs, Harvard Business School, Metropolitan Capital, Catalyst's Health, Merck, United Airlines, OptionB.org, Annenberg, CNBC Changemakers Locations: Silicon

☆ Elon Musk’s X is a black hole of value
▼ + stars: | 2023-10-03 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

NEW YORK, Oct 3 (Reuters Breakingviews) - X is still worth something, but not for the people running it. loadingDespite Musk’s big pronouncements about pushing into subscriptions, X has historically relied on advertising, which contributed over 90% of revenue when it was a public company. Put it all together, and X isn’t just worth less than Musk paid for it, but likely less than its debt. Put that on the same enterprise-value-to-sales multiple as Snap, which is down to a mere 3 times, and X is worth around $8 billion. Like a financial black hole, X threatens to consume most of whatever value it once had.

Persons: Boss Linda Yaccarino, Morgan Stanley, Musk’s, Musk, ByteDance, X, Linda Yaccarino, Elon Musk, Jonathan Guilford, Sharon Lam Organizations: Reuters, Financial Times, Elon Musk’s, Comcast, Linda, Thomson

☆ Brands endorsed by Travis Kelce, like Pfizer and Campbell's Soup, are also benefitting from Taylor Swift's halo
▼ + stars: | 2023-10-03 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +3 min

Brands backing Kansas City Chiefs' player Travis Kelce, like Pfizer and Campbell's Soup, are also getting big boosts in engagement from Kelce's possible relationship with pop star Taylor Swift. Pfizer launched a campaign starring Kelce on Sept. 22 encouraging people to get the updated COVID-19 booster shot. There was a 32% increase in searches about Pfizer when that ad ran after Swift's Sept. 25 appearance, compared to before. EDO also found that Pfizer ads with Kelce drove 27% more search activity than Pfizer ads that did not feature him. Also, a Kelce-led TV ad from Experian posted on YouTube on Oct. 1 has already received more than 800,000 views, while a Kelce-less Experian TV ad promoting the same product has only accumulated 189,000 views.

Persons: Travis Kelce, Taylor Swift, Swift, Kelce's, Kelce, Jason Kelce, Marci Raible, Travis, Raible, Experian, NBCUniversal Organizations: Brands, Kansas City Chiefs, Pfizer, Campbell's, NFL, Chiefs, EDO, YouTube, State Farm, DirecTV, MetLife, New York Jets

☆ Supreme Court to weigh GOP-backed social media ‘censorship’ laws
▼ + stars: | 2023-09-29 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +6 min

The Supreme Court of the United States building seen in Washington D.C., United States on September 28, 2023. The states argue that they have the authority to regulate social media companies to ensure that users receive equal access to the platforms. Circuit Court of Appeals, prompting the state to appeal to the Supreme Court. "It is not at all obvious how our existing precedents, which predate the age of the internet, should apply to large social media companies," he wrote. The Supreme Court will hear oral arguments and issue a ruling in its new term, which begins next week and ends in June.

Persons: WASHINGTON —, Donald Trump, Elon Musk, Biden, Ashley Moody, Clarence Thomas, Samuel Alito, Neil Gorsuch, Elena Kagan, — David Ingram Organizations: Washington D.C, WASHINGTON, Republicans, Tech, Facebook, Twitter, YouTube, Computer and Communications Industry Association, U.S, Capitol, Trump, Disney, NBC News, Circuit, Supreme, Appeals, Conservative, Thomas, Liberal, Communications, Google Locations: United States, Washington, Florida, Texas, Atlanta, New Orleans

☆ Biden’s pro-competition agenda put to the test as net neutrality, tech trials take shape
▼ + stars: | 2023-09-29 | by ( Lauren Feiner | ) www.cnbc.com time to read: +4 min

Shortly after that, the Federal Communications Commission chair announced a proposal to reinstate net neutrality rules, which prohibit internet service providers from favoring certain websites over others. It included appointing strong enforcers and starting the White House Competition Council. Even as several prongs of competition policy take shape, the Biden administration is up against the clock. That timeline may be particularly concerning for the ability to implement and uphold net neutrality rules, given that the FCC didn't have a Democratic majority able to advance the rulemaking until just this week. Wu and other net neutrality advocates have blamed the telecom industry for opposing Biden's initial FCC nominee, Gigi Sohn, holding up her nomination for well over a year until she ultimately withdrew.

Persons: Joe Biden, Department's, Anna Gomez, Biden, Tim Wu, Wu, Hannah Garden, Gigi Sohn Organizations: White, Federal Trade Commission, Amazon, Federal Communications Commission, Department of Justice, Google, Washington , D.C, FCC, Antitrust, Biden, Competition Council, FTC, Competition, Democratic, CNBC, Comcast Locations: Washington U.S, Washington ,

☆ Linda Yaccarino tried to show the X app on her phone during her car-crash interview. It didn't appear to be there.
▼ + stars: | 2023-09-29 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

Linda Yaccarino apparently doesn't have the X app on her home screen. AdvertisementAdvertisementElon Musk might run X from his phone ; Linda Yaccarino, on the hand, might not. She doesn't even appear to have the X app on her iPhone home screen at all. At least that's what a newly surfaced video of the X CEO's car-crash interview at Code Conference appears to show. During a bizarre segment, Yaccarino waved her phone screen to attendees as a way of symbolizing X.

Persons: Linda Yaccarino, Instagram, —, Elon, Yaccarino, Alex Heath, CNBC's Julia Boorstin, Musk Organizations: Conference, Facebook, Service

☆ X CEO Linda Yaccarino Says Platform Should Turn Profit in 2024
▼ + stars: | 2023-09-28 | by ( Alexa Corse | ) www.wsj.com time to read: 1 min

Twitter’s next CEO, Linda Yaccarino, is well-known for her tight relationship with ad agencies and her hard-nosed negotiating tactics. WSJ’s Suzanne Vranica explains what she can bring to the social media company. Photo: Charles Sykes/NBCUniversal/Getty Images (Published earlier this year)X Corp. Chief Executive Linda Yaccarino said on Wednesday the company is “just about break even” in terms of operating cash-flow and should turn a profit early next year. Yaccarino, NBCUniversal’s former ad-sales czar who joined the company, formerly called Twitter, in June, has faced questions about how much she can rebuild X’s ad business after tumult under company owner Elon Musk, who acquired the platform late last year and swiftly cut thousands of jobs, upended features like verification and loosened content-moderation policies.

Persons: Twitter’s, Linda Yaccarino, WSJ’s Suzanne Vranica, Charles Sykes, Elon Musk Organizations: X Corp

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