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☆ China's oil and uranium business in Niger
▼ + stars: | 2023-07-31 | by ( Andrew Hayley | ) www.reuters.com time to read: +4 min

China's total foreign direct investment (FDI) into Niger stood at $2.68 billion as at the end of 2020, according to the U.S. Embassy in Niger. The pipeline investment is twinned with a second phase of development of the Agadem field. Taken together, total investment into the pipeline and second phase development is expected to reach $4 billion, according to China's Ministry of Commerce. URANIUM MINEIn 2007, state-owned China National Nuclear Corporation (CNNC) (601985.SS) entered a joint venture with the Nigerien government to develop the Azelik uranium mine in the centre of the country. Niger, which has Africa's highest-grade uranium ores, produced 2,020 metric tons of uranium in 2022, about 5% of world mining output, according to the World Nuclear Association.

Persons: Niger's, Mohamed Bazoum, PetroChina, CNNC, Andrew Hayley, Aizhu Chen Organizations: U.S, Embassy, Nigerien, China's Ministry of Commerce, Reuters, China National Nuclear Corporation, Hong Kong Stock Exchange, World Nuclear Association, Thomson Locations: BEIJING, China, France, West, Niger, PetroChina, Niamey, Zinder, Nigeria, Nigerien, Cotonou, Africa, Beijing, Singapore

It has yet to disburse a $131.5 million loan to Niger that was approved on July 5, it added. The interior minister, transport minister, and a deputy had already been detained, it added. The arrests confirm the "repressive and dictatorial" nature of the coup leaders, the party said in a statement, calling on citizens to come together to protect democracy. The arrests were announced a day after Chadian President Mahamat Idriss Deby arrived in Niger to try to mediate between the coup leaders and the ousted government. Yevgeny Prigozhin, the head of Russia's Wagner mercenary group, last week welcomed the coup in Niger, and said his forces were available to restore order.

Persons: Niger's, Mohamed Bazoum, Mahamane Sani Mahamadou, Issoufou Mahamadou, Mahamat Idriss Deby, Deby, Bazoum, Ursula von der Leyen, Emmanuel Macron, Abdourahamane Tiani, Yevgeny Prigozhin, Russia's Wagner, Antonio Tajani, Boureima Balima, Abdel, Kader Mazou, Anait Miridzhanian, Bate Felix, Nellie Peyton, Sofia Christensen, Alexander Winning, Bernadette Baum, Andrew Heavens, Nick Macfie Organizations: International Monetary Fund, IMF, CFA, West, African Union, European Union, Islamic, Junta, Nigerien Party for Democracy and, Chadian, ECOWAS, EU, REUTERS, Twitter, French Foreign Ministry, Paris, White, Thomson Locations: NIAMEY, Niger, West, Central Africa, United States, France, Islamic State, al Qaeda, EU, U.S, Nigerien, Niamey, Mali, Burkina Faso, Russia, Niger's

DAKAR, July 31 (Reuters) - Niger's regional and Western partners have announced a series of sanctions against the country following last week's coup. Another 978.47 billion francs was supposed to come from project grants and loans from external partners. These sanctions have been imposed on Niger since the coup:WEST AFRICA REGIONAL BLOCThe Economic Community of West African States and the West African Monetary and Economic Union have imposed some of the most stringent sanctions on Niger so far since the coup. Niger had planned to raise 490 billion CFA francs ($834 million) from the regional debt market in 2023. FRANCEFrance, another major partner of its former colony, suspended development aid and budget support with immediate effect, demanding a prompt return to constitutional order.

Persons: Daphne Psaledakis, Gabriela Baczynska, Juliette Jabkhiro, Nick Macfie Organizations: WEST AFRICA REGIONAL BLOC, Economic, West, Monetary and Economic Union, European Union, UNITED STATES, ., Thomson Locations: DAKAR, Niger, West African States, FRANCE France, France, Mali, Burkina Faso, United States, Washington, Brussels, Paris

Last week, Tiani, a general, used his position and manpower to do the opposite. "We cannot continue with the same approaches proposed so far, as it risks witnessing the gradual and inevitable disappearance of our nation," he said. Regional powers have threatened military intervention if he does not return Bazoum to power within days. Just last week, Niger, one of the world's poorest countries, was seen as the West's last ally in the region. The speed of change in Niger is evident in Tiani's biography.

Persons: Tiani, Abdourahamane Tiani, Mohamed Bazoum, Fatherland ,, Emelia Sithole, Edward McAllister Organizations: UN, College of International Security Affairs, Fort McNair, United Nations, Democratic, European Union, Reuters, National Council, Fatherland, State, Thomson Locations: France, Senegal NIAMEY, West, Central Africa, Mali, Burkina Faso, Filingué, Niger, Agadez, Morocco, Senegal, United States, Washington , DC, Ivory Coast, Democratic Republic of Congo, Sudan, U.S

☆ West Africa threatens force on Niger coup leaders, French Embassy attacked
▼ + stars: | 2023-07-30 | by ( ) www.cnbc.com time to read: +1 min

NIAMEY, NIGER - JULY 30: Coup supporters take to the streets after the army seized power in Niamey, Niger on July 30, 2023. (Photo by Balima Boureima/Anadolu Agency via Getty Images)West African nations imposed sanctions and threatened force on Sunday if Niger's coup leaders fail to reinstate ousted President Mohammed Bazoum within a week, while supporters of the junta attacked the French embassy in Niamey. At an emergency summit in Nigeria to discuss the coup last week, leaders of the Economic Community of West African States called for constitutional order to be restored, warning of reprisals if not. ECOWAS and the eight-member West African Economic and Monetary Union said that with immediate effect borders with Niger would be closed, commercial flights banned, financial transactions halted, national assets frozen and aid ended. Military officials involved in the coup would be banned from travelling and have their assets frozen, it added.

Persons: Balima Boureima, Mohammed Bazoum, Mahamat Idriss Deby, Bola Tinubu Organizations: Anadolu Agency, Getty Images, Economic, West, Nigerian, West African Economic, Monetary Union, Military Locations: NIAMEY, NIGER, Niamey, Niger, Niger's, Nigeria, States

☆ West African leaders meet over Niger coup, junta warns against intervention
▼ + stars: | 2023-07-30 | by ( ) www.cnbc.com time to read: +3 min

Niger's military leaders warned against any armed intervention in the country as West African leaders are set to gather in Nigeria's capital on Sunday for an emergency summit to decide on further actions to pressure the army to restore constitutional order. Heads of state of the 15-member Economic Community of West African States (ECOWAS), and the eight-member West African Economic and Monetary Union could suspend Niger from its institutions, cut off the country from the regional central bank and financial market, and close borders. Niger's eastern neighbor Chad, a non-member of both regional organizations, has been invited to the ECOWAS summit, a statement from the Chadian president's office said on Saturday. The West African leaders could also for the first time, consider a military intervention to restore President Mohamed Bazoum who was ousted when General Abdourahamane Tiani was declared the new head of state on Friday. Ahead of the Sunday summit, the military leaders in Niger on Saturday night, warned in a statement read on Niger national television on Saturday night against any military intervention.

Persons: Mohamed Bazoum, General Abdourahamane Tiani, Amadou Abdramane, Bazoum Organizations: Nigerien, Nigerien Party for Democracy and, West African States, ECOWAS, West African Economic, Monetary Union, Chadian, World Bank, West, Niger, European Union, African Union Locations: Niamey, Niger, Chad, . Niger, France, United States, West, Central

[1/9] Demonstrators gather in support of the putschist soldiers in Niamey, the capital city of Niger July 30, 2023. Images showed fires at the walls of the French Embassy and people being loaded into ambulances with bloodied legs. Military officials involved in the coup would be banned from travelling and have their assets frozen, it added. The Niger military rulers later asked protesters to abstain from vandalism and destruction of property. The European Union and France have cut off financial support to Niger and the United States has threatened to do the same.

Persons: Stringer, Mohammed Bazoum, General Abdourahamane Tiani, Amadou Abdramane, Sani Idrissa, Russia's Wagner, Yevgeny Prigozhin, Boureima Balima, Moussa Aksar, Felix Onuah, Elizabeth Pineau, Bate Felix, Andrew Cawthorne, Frances Kerry Organizations: REUTERS, Pro, Niamey Military, Sahel region's, French Embassy, Economic, West, West African Economic, Monetary Union, Military, United Nations, African Union, European Union, World Bank, The, ECOWAS, Thomson Locations: Niamey, Niger, Sahel, NIAMEY, ABUJA, Niger's, Nigeria, States, Mali, Burkina Faso, Guinea, United States, France, The United States, Italy, Germany, French, Niger national, Russian, Abuja, Paris

☆ Niger loses aid as Western countries condemn coup
▼ + stars: | 2023-07-29 | by ( ) www.reuters.com time to read: +3 min

Niger is one of the poorest countries in the world, receiving close to $2 billion a year in official development assistance, according to the World Bank. It is also a key security partner of Western countries such as France and the United States, which use it as a base for their efforts to contain an Islamist insurgency in West and Central Africa's Sahel region. Bazoum has not been heard from since early Thursday when he was confined within the presidential palace, although the European Union, France and others say they still recognize him as the legitimate president. Niger is a key partner of the European Union in helping curb the flow of irregular migrants from sub-Saharan Africa. The United States has two military bases in Niger with some 1,100 soldiers, and also provides hundreds of millions of dollars to the country in security and development aid.

Persons: Mohamed Bazoum, General Abdourahamane Tiani, Bazoum, Josep Borrell, Antony Blinken, Moussa Aksar, Kate Abnett, Nellie Peyton, Giles Elgood Organizations: REUTERS, European, World Bank, European Union, EU, United, United Nations, West African States, Security, Thomson Locations: Niamey, Niger, NIAMEY, United States, France, West, Central, EU, Saharan Africa, Antony Blinken ., Bazoum, Nigeria, Brussels

☆ Factbox: Who is Niger's new leader, Abdourahamane Tiani?
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +1 min

NIAMEY, July 28 (Reuters) - General Abdourahamane Tiani, the commander of Niger's presidential guard, was appointed head of state on Friday by a governing council set up by military forces that ousted President Mohammed Bazoum. Here are five facts about him:BACKGROUNDTiani is from Filingue, in the Nigerien region of Tillaberi, which borders Mali. RISE TO ELITE UNITThe 62-year-old decorated general and former military attache at Niger's embassy in Germany has led the elite presidential guard unit since 2011. FIGHT AGAINST CONTRABANDHe also served as head of a battalion in Agadez and led military operations in the Niger desert against contraband and drug traffickers. Reporting by Moussa Aksar; Writing by Emelia Sithole-Matarise; Editing by Conor HumphriesOur Standards: The Thomson Reuters Trust Principles.

Persons: Abdourahamane Tiani, Mohammed Bazoum, Tiani, Moussa Aksar, Emelia Sithole, Conor Humphries Organizations: UNIT, French UTA, Thomson Locations: NIAMEY, Filingue, Nigerien, Tillaberi, Mali, Germany, French, Bilma, Niger, Agadez

☆ Factbox: Uranium mines in Niger, world's 7th biggest producer
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +2 min

Niger is the world's seventh-biggest producer of uranium, according to the World Nuclear Association (WNA). Below are details of Niger's uranium deposits and mines:PRODUCTIONNiger, which has Africa's highest-grade uranium ores, produced 2,020 metric tons of uranium in 2022, about 5% of world mining output, according to the WNA. Niger has one major mining operation in the north operated by France's state-owned Orano, another major mine which closed in 2021, with one under development. French nuclear power plants source less than 10% of their uranium from Niger, Orano added. IMOURARENThis deposit about 50 miles south of Arlit contains one of the largest reserves in the world, according to Orano.

Persons: Mohamed Bazoum, Orano, Eric Onstad, Nick Macfie Organizations: Niger, World Nuclear Association, Somair, Arlit, Thomson Locations: Niger, Kazakhstan, Canada, Namibia, Arlit, Orano, Niger's, Akokan

"What happened in Niger is nothing other than the struggle of the people of Niger with their colonisers. It was unclear who was in charge of Niger after soldiers on Wednesday evening declared a military coup and held President Mohamed Bazoum in the presidential palace. Prigozhin, in his voice message, boasted of Wagner's alleged efficiency in helping African nations stabilise and develop in what sounded like a sales pitch. "...Thousands of Wagner fighters are capable of bringing order and of destroying terrorists and of not allowing them to harm the local populations of these states," he said. Reporting by Andrew Osborn Additional reporting by Milan Pavicic Editing by Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.

Persons: Wagner, Yevgeny Prigozhin, Prigozhin, colonisers, Mohamed Bazoum, Putin, Sergei Lavrov, it's, Andrew Osborn, Milan, Philippa Fletcher Organizations: Reuters, Wednesday, Central African Republic, Kremlin, Analysts, PMC, U.S, CSIS, Thomson Locations: Niger, St Petersburg, MOSCOW, Russian, Western, Africa, France, Central African, Belarus, Russia, Moscow

☆ Wagner boss' whereabouts, UN chief climate scientist says it's not too late -- and fears for Niger
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: 1 min

Photographs of Wagner boss Yevgeny Prigozhin appear to show him in St. Petersburg on the sidelines of Putin's summit with African leaders. Niger's turmoil prompts fear in the West of Niger drifting away. Scientists say July will be the hottest month - and we speak to the UN's new chief climate scientist about what can be done. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. Our Standards: The Thomson Reuters Trust Principles.

Persons: Wagner, Yevgeny Prigozhin Organizations: Apple, Google, Reuters, Thomson Locations: St . Petersburg, West, Niger

☆ Niger coup leaders dissolve govt, declare Tiani head of state
▼ + stars: | 2023-07-28 | by ( Moussa Aksar | ) www.reuters.com time to read: +4 min

NIAMEY, July 28 (Reuters) - Leaders of the coup in Niger declared General Abdourahamane Tiani as the new head of state on Friday, and said they had suspended the constitution and dissolved all former institutions after overthrowing President Mohamed Bazoum. He represents the state of Niger in international relations," an officer said, reading out a statement. African countries, Western powers, regional and international organizations have reacted with alarm to the coup in Niger, insisting that Bazoum be freed and constitutional order restored. Niger borders three countries - Mali, Burkina Faso and Chad - that have also experienced military coups in the last two years. Niger so far has held them off better than Mali and Burkina Faso, where violence has only worsened since the military coups.

Persons: Abdourahamane Tiani, Mohamed Bazoum, Tiani, Bazoum, Josep Borrell, Kamala Harris, Boris Pistorius, Bate Felix, Anait, Nellie Peyton, John Stonestreet, Angus MacSwan, Nick Macfie Organizations: National Council, Bazoum, REUTERS, Islamic, West African States, European Union, United, European, EU, German, Spiegel, Thomson Locations: NIAMEY, Niger, Mali, Burkina Faso, Chad, France, Niamey, al Qaeda, Islamic State, West Africa's, Nigeria, Guinea, United States, Africa, EU, Germany, Italy

'ONLY HOPE' FOR STABILITY IN SAHELNiger became a democratic outlier in West Africa's Sahel region following military takeovers in neighbouring Mali, Burkina Faso and Chad since 2020. All four countries of the arid Sahel region, just south of the Sahara, are now run by military leaders after soldiers in Niger said on Wednesday night they had ousted President Mohamed Bazoum. France, which has had counter-insurgency troops in West Africa for a decade, has turned to Niger to base the bulk of its forces. Their role is solely to support Niger's army when local forces identify operations in the border regions connecting Mali, Niger and Burkina Faso. The European Union decided in December to set up a three-year military training mission in Niger, to which Germany contributes troops.

Persons: Mohamed Bazoum, juntas, Moussa Aksar, John Irish, Nellie Peyton, Bate Felix, Emelia Sithole, Leslie Adler Organizations: Islamic, National Assembly, REUTERS, European Union, DEMOCRATIC, Economic, West African States, ECOWAS, John, Thomson Locations: West Africa, Niger, Africa's Sahel, Mali, Burkina Faso, Chad, al Qaeda, Islamic State, Russia, France, United States, U.S, Russian, Niamey, ACLED, Germany, Italy, Guinea, Bissau, Guinea Bissau, Paris

CNN —The Nigerien military has backed coup leaders who have reportedly seized the president of the West African country, prompting warnings from international leaders over further unrest in a region plagued by political volatility. President Bazoum was apparently taken by members of the presidential guard on Wednesday, although his precise whereabouts remain unknown. Niger’s presidential office said in a statement on Twitter on Thursday: “The hard-won achievements will be safeguarded. Niger's President Mohamed Bazoum, pictured on December 13, 2022, was reportedly seized by members of the presidential guard on Wednesday. 1,000 US troopsWorld leaders and humanitarian bodies issued stark warnings against the coup leaders.

Persons: Mohamed Bazoum, insurgencies, Bazoum, Evelyn Hockstein, Maj, Amadou Abdramane, Abdramane, Jake Sullivan, Washington, Volker Türk, ” Türk, General Antonio Guterres, Bazoum “, African Union Commission Moussa Faki Mahamat, “ Organizations: CNN, Nigerien, Twitter, country’s Ministry of Defense, Interior Ministry, National Guard, White, US, Air Base, United Nations, Human, UN, African Union Commission Locations: West, ” Niger, Sahel, Mali, Burkina Faso, United States, France, Niger, Niamey, Washington, Agadez, The

☆ Niger's President Bazoum has been removed - soldiers
▼ + stars: | 2023-07-27 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsNiger's President Bazoum has been removed - soldiersPostedNiger President Mohamed Bazoum has been removed from power, according to a group of soldiers who appeared on the West African nation's national television late on Wednesday (July 27), hours after the president was held in the presidential palace. Ryan Chang reports.

Persons: Bazoum, Mohamed Bazoum, Ryan Chang Organizations: African Locations: Niger

ORTN/via Reuters TV/Handout via REUTERSNIAMEY, July 27 (Reuters) - Niger's army command on Thursday declared its support for a coup instigated the previous day by soldiers of the presidential guard, saying its priority was to avoid destabilising the country. President Mohamed Bazoum and Foreign Minister Hassoumi Massoudou earlier urged democratic forces in the country to resist the power grab, as western officials said the status of the coup attempt was unclear. They earlier cut off the presidential palace in the capital Niamey, with the president inside. Massoudou also called on "democrats and patriots" to make the "attempted coup" fail, according to a posting on X, the platform formerly known as Twitter. Niamey was quiet on Thursday morning as citizens awoke to heavy rain, closed borders and a nationwide curfew imposed by the coup instigators.

Persons: Major Amadou Adramane, Mohamed Bazoum, Hassoumi Massoudou, Bazoum, Massoudou, Bate Felix, Boureima Balima, Moussa Aksar, John Irish, Sofia Christensen, John Stonestreet Organizations: Niger Army, Reuters, REUTERS, Twitter, Thomson Locations: Niamey, Niger, REUTERS NIAMEY, West, Central Africa, Sahel

NIAMEY, July 26 (Reuters) - Niger presidential guards are holding President Mohamed Bazoum inside the presidential palace in the capital, which has been blocked off by military vehicles since Wednesday morning, security sources said. The movements have the semblance of four military takeovers that have hit neighbouring Mali and Burkina Faso since 2020. Ministries next to the palace have also been blocked off, and staff inside the palace have not been able to access to their offices, presidency and security sources said. The rest of Niamey appeared calm, with normal morning traffic on the road and full internet access, a Reuters reporter said. There was also a thwarted coup attempt in Niger in March 2021, when a military unit tried to seize the presidential palace days before Bazoum was due to be sworn in.

Persons: Mohamed Bazoum, Bazoum, Moussa Aksar, Boureima Balima, Abdel, Kader Mazou, Sofia Christensen, Andrew Heavens, Alexander Winning, Nick Macfie Organizations: Thomson Locations: NIAMEY, Niger, Mali, Burkina Faso, Niamey

BURKINA FASOBurkina Faso's army ousted President Roch Kabore in January 2022, blaming him for failing to contain violence by Islamist militants. MALIA group of Malian colonels led by Assimi Goita ousted President Ibrahim Boubacar Keita in August 2020. But the coup leaders clashed with the interim president, retired colonel Bah Ndaw, and engineered a second coup in May 2021. Deby's son, General Mahamat Idriss Deby, was named interim president and tasked with overseeing an 18-month transition to elections. GUINEASpecial forces commander Colonel Mamady Doumbouya ousted President Alpha Conde in September 2021.

Persons: Mohamed Bazoum, Roch Kabore, Colonel Paul, Henri Damiba, Captain Ibrahim Traore, Assimi Goita, Ibrahim Boubacar Keita, Bah Ndaw, Goita, CHAD Chad's, Idriss Deby, General Mahamat Idriss Deby, Mamady Doumbouya, Alpha Conde, Conde, Doumbouya, Bate Felix, Nick Macfie Organizations: Economic, West African States, ECOWAS, African, BURKINA FASO Burkina Faso's, Mali's West, Chadian, GUINEA Special, Thomson Locations: DAKAR, Niamey, African Union, West, Central Africa, BURKINA FASO, MALI, Mali, N'Djamena, GUINEA

☆ PGA star Justin Thomas sells his $3.5 million 'starter' mansion and it's the ultimate bachelor pad
▼ + stars: | 2023-07-23 | by ( Cork Gaines | ) www.businessinsider.com time to read: +1 min

Justin Thomas and Tiger Woods are so close that Tiger considers JT part of his family. Thomas listed his 'starter' house in Jupiter, Florida, the home of many top golfers, including Tiger. The $3.5 million house has everything a wealthy young bachelor would want in a house. The property, dubbed Thomas' "starter house" by Golf Digest, was on the market for $3.5 million just months after he got married, and was listed by former golfer Johnny DelPrete of Douglas Elliman Realty. So it's no surprise that the house for sale is just three miles from Tiger's home on Jupiter Island.

Persons: Justin Thomas, Tiger Woods, Tiger, JT, Thomas, Johnny DelPrete, Douglas, Realty, Charlie Woods, it's Organizations: Tiger, Service, Golf Digest, PGA Locations: Jupiter , Florida, Wall, Silicon

☆ Disney CEO Bob Iger called Hollywood strikers 'not realistic.' His critics are calling his $27 million pay package unrealistic.
▼ + stars: | 2023-07-22 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +5 min

Disney CEO Bob Iger recently called strikers' expectations "not realistic," quickly drawing criticism. Iger could make over $27 million this year, 535 times the median pay of his employees. An average CEO in 1978 made around 31 times what their average worker made, according to the Economic Policy Institute. In 2020, the average CEO made 346 times what their average worker made. At Disney, the median worker pay is $54,256, according to the company's latest proxy statement.

Persons: Bob Iger, Sean Gunn, Fran Drescher, Iger, Gunn, Drescher, Sen, Bernie Sanders, he'd, Variety, David Zaslav, Reed Hastings, Brian Roberts Organizations: Disney, SAG, Morning, Hollywood, CNBC, Sun Valley Conference, Writers Guild of America, Guardians, Economic, Warner Bros, Netflix, Comcast Locations: Idaho, Los Angeles

☆ Inside the actors' strike: Why Netflix, Max, and Paramount+ series stars are bringing their 'war' over pay and AI to Hollywood companies that are 'trying to kill our industry'
▼ + stars: | 2023-07-18 | by ( Reed Alexander | ) www.businessinsider.com time to read: +12 min

With both writers and actors on strike, Hollywood hasn't faced this situation in more than 60 years. SAG-AFTRA union members on Friday hit the picket lines alongside Hollywood writers, who've been striking for nearly three months. Any other use requires the background actor's consent and bargaining for the use, subject to a minimum payment," the spokesperson said in a statement. Union members were quick to decry his remarks as incendiary and out of touch. The 25-year-old has been there since May, when the writers' strike all but paralyzed production in Los Angeles and New York this spring.

Persons: Hollywood hasn't, Laci Mosley, Mosley, Mosley —, Lopez, —, Conan O'Brien's, Coco —, Fran Drescher, Drescher, We've, who've, CHRIS DELMAS, We're, they're, Rather, AFTRA, Duncan Crabtree, Sam Russell, Russell, Oppenheimer, Christopher Nolan, Matt Damon, Emily Blunt, Rami Malek, we've, AFTRA who's, Bobby Quillard, Bob Iger, Iger, Bob — they're, Iger's, Jonathan Handel, Puck, you've, Carson Rowland —, it's, Rowland, Carson Rowland, Maria, Rodin, WireImage Rowland, he's, Reed Alexander Organizations: SAG, Hollywood, Paramount, Sirius XM, Writers Guild of America, Alliance, Television Producers, WGA, Getty, Disney, CNBC, Union, Atlas Financial Advisors, Television Locations: Los Angeles, Los Angeles and New York, Sun Valley , Idaho, South Florida, Boca Raton, LA

☆ The media industry is in turmoil, and that's not changing anytime soon
▼ + stars: | 2023-07-17 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +11 min

All of this turmoil will be on investors' minds as the media industry kicks off its earnings season this week, with Netflix up first on Wednesday. Netflix, with a new advertising model and push to stop password sharing, looks the best positioned compared with legacy media giants. At the top of the list is contending with Disney's TV networks, as that part of the business appears to be in a worse state than Iger had imagined. The labor fight blew up just as the industry has moved away from streaming growth at all costs. Last week's ruling from a federal judge that Microsoft's $68.7 billion acquisition of game publisher Activision Blizzard should move forward serves as a rare piece of good news for the media industry.

Persons: Mike Blake, Bob Iger, Iger, Bob Iger's, Michael Nathanson, SVB, CNBC's David Faber, Nathanson, Producers –, Mark Boidman, Ross Benes, Benes, Comcast's NBCUniversal, Solomon, Boidman, Random, Paramount's Simon, Schuster, Tegna, Jason Anderson, Peter Liguori, Anderson, HBO Max, Homer, Marge Getty Organizations: Guild of America, Netflix, Alliance, Producers, Reuters, Disney, Disney's, Paramount Global, Comcast, Warner Bros, American Federation of Television, Radio Artists, Media, Solomon Partners, CNBC, Hollywood, Intelligence, ABC, Paramount, BET, NBC Sports, USA, Discovery, Activision, Federal Trade Commission, dealmaking, Microsoft, Tribune Media, Max, HBO, Amazon, MGM, Sky, Fox Corp, FOX Locations: Los Angeles , California, U.S, MoffettNathanson, Hulu

☆ Actors on strike over pay and the threat of AI are ready for 'war' and vowing to outlast Hollywood execs in 'ivory towers': 'They've already been starving us'
▼ + stars: | 2023-07-15 | by ( Reed Alexander | ) www.businessinsider.com time to read: +11 min

Persons: Hollywood hasn't, Laci Mosley, Mosley, Mosley —, Lopez, —, Conan O'Brien's, Coco —, Fran Drescher, Drescher, We've, who've, CHRIS DELMAS, We're, they're, Rather, AFTRA, Duncan Crabtree, Sam Russell, Russell, Oppenheimer, Christopher Nolan, Matt Damon, Emily Blunt, Rami Malek, we've, AFTRA who's, Bobby Quillard, Bob Iger, Iger, Bob — they're, Iger's, Jonathan Handel, Puck, you've, Carson Rowland —, it's, Rowland, Carson Rowland, Maria, Rodin, WireImage Rowland, he's, Reed Alexander Organizations: SAG, Hollywood, Paramount, Sirius XM, Writers Guild of America, Alliance, Television Producers, WGA, Getty, AMPTP, Disney, CNBC, Union, Netflix, Atlas Financial Advisors Locations: Los Angeles, Los Angeles and New York, Sun Valley , Idaho, South Florida, Boca Raton, LA

☆ Jim Cramer's plans for Disney stock after everything we learned from CEO Bob Iger
▼ + stars: | 2023-07-14 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

Hulu As part of Disney's future streaming business, Hulu is expected to be a strategic asset. "I don't think that Bob's going to get out of paying very little for Hulu," Jim said, which could lead to further pressure on the entertainment giant's balance sheet. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. Disney CEO Bob Iger speaking with CNBC's David Faber at the Allen&Co.

Persons: Walt Disney, Bob Iger's, —, Jim Cramer, Bob, Jim, Bob Iger —, Iger, Bob Chapek, ESPN Iger, Ron DeSantis, DeSantis, Iger's, Jim Cramer's, Bob Iger, CNBC's David Faber, David A Organizations: Disney, CNBC, Sun, ESPN, Apple, Apple Vision, Hulu, Comcast, Parks, Flordia, Netflix, Disney Entertainment, Allen, Grogan Locations: Idaho, Wells Fargo, Hulu, Florida, Sun Valley , Idaho

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