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Supreme Court rules against Warner Music in copyright damages case
  + stars: | 2024-05-09 | by ( ) www.cnbc.com   time to read: +1 min
The 6-3 ruling, authored by liberal Justice Elena Kagan, affirmed a lower court's decision that favored producer Sherman Nealy, who sued a Warner subsidiary and others in Florida federal court in 2018. Nealy has said that his label Music Specialist owns rights to the electronic dance song "Jam the Box" by Tony Butler, also known as Pretty Tony. Warner artist Flo Rida, whose given name is Tramar Dillard, incorporated elements of "Jam the Box" into his 2008 song "In the Ayer." The producer requested damages for alleged copyright infringement dating back to 2008. Circuit Court of Appeals reversed that decision and said there was "no bar to damages in a timely action."
Persons: Flo Rida, John Shearer, Elena Kagan, Sherman Nealy, Nealy, Tony Butler, Tony, Warner, Dillard, Warner Chappell, Butler Organizations: U.S, Supreme, Warner Music, Warner, Circuit, Appeals Locations: Universal City, Calif, Miami, Florida, Ayer, Atlanta
Read previewRussia often uses its annual Red Square military parade in Moscow as an opportunity to show off its weaponry. This T-34, the legendary Soviet tank from World War II, was the only Russian tank on display at the Victory Day parade in Red Square today. A military parade on Victory Day in Red Square, Moscow, Russia, in May 2022, to mark the 77th anniversary of the victory over Nazi Germany in World War II. A RS-24 Yars intercontinental ballistic missile system drives on Red Square during the Victory Day military parade in central Moscow on May 9, 2024. AdvertisementWhile the Russian tank display was notably lacking, other modern Russian weapons did make an appearance, such as Russia's intercontinental ballistic missiles.
Persons: , @maxseddon, Vladimir Putin, Novozhenina, Ukraine's, NATALIA KOLESNIKOVA Organizations: Service, Red, Soviet Union, Business, Soviet, Nazi, REUTERS, International Institute for Strategic Studies, Victory Day Locations: Russia, Moscow, Soviet, Nazi Germany, Square, Ukraine, Red Square, Donetsk
Signage stands outside the Sinclair Broadcast Group Inc. headquarters in Cockeysville, Maryland, U.S., on Friday, Aug. 10, 2018. Sinclair , one of the largest owners of broadcast stations in the U.S., is looking to sell more than 30% of its footprint, according to people familiar with the matter. Sinclair owns or operates 185 TV stations in 86 markets. Broadcast TV station groups have suffered in the past five years as millions of Americans have canceled traditional pay TV. Most stations make money from so-called retransmission fees, paid on a per-subscriber rate by traditional TV distributors, such as Comcast, DirecTV, and Charter, for the right to carry the stations.
Persons: Sinclair, Moelis, Chris Ripley, we've, Ripley, Spokespeople Organizations: Sinclair, Group Inc, Fox, NBC, ABC, CBS, Tennis, Bloomberg, Comcast, DirecTV Locations: Cockeysville , Maryland, U.S, Minneapolis, Portland, Pittsburgh, Austin , Texas, Fresno, Calif
Disney and Warner Bros. Discovery are planning to offer their streaming services — Disney+, Hulu and Max — in a bundle mirroring the traditional cable TV package, the companies said Wednesday. Disney will essentially act as the distributor in this case, collecting subscription fees from subscribers and paying out Warner Bros. Warner Bros. Disney has been offering its streaming services — Disney+, Hulu and ESPN+ — as a bundle for sometime.
Persons: Max —, Lachlan Murdoch Organizations: Disney, Warner Bros, Hulu, ABC, Fox, TNT, TBS, CNN, Discovery Channel, Food Network, Disney Channel, Warner Bros ., ESPN, Fox Corp, Warner Bros . Discovery Locations: Max
Last year in the second quarter, Disney+ and Hulu lost $587 million. The thesis among all major legacy media companies has been that streaming will eventually take over for cable TV as the primary money-making engine. It's not just that Disney nearly made money in streaming — it's that the company's traditional linear TV results were awful. Next year, Disney will launch its flagship ESPN streaming service, which will allow consumers to subscribe to ESPN without cable at all. Looking at Disney's results in the second quarter, it's clear why the company has finally pulled the ripcord on ESPN.
Persons: Bob Iger, It's, Disney Organizations: Walt Disney Company, Disney, Hulu, ESPN, Paramount Global, Warner Bros . Discovery, Comcast, Fox, College Football, ABC, Disney Channel, FX, Geographic, Disney Junior Locations: Beverly Hills , California, U.S
Despite US aid, Ukraine struggles to maintain sufficient manpower on the front lines. Ukraine's dwindling soldier numbers are a problem that could get worse, a war analyst warned. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUkraine is having trouble maintaining a sufficient force size in its fight against Russia, which could lead to more problems down the road, war analyst Michael Kofman said. This story is available exclusively to Business Insider subscribers.
Persons: , Michael Kofman Organizations: Service, Russia, Carnegie Endowment, International, Business Locations: Ukraine, Ukrainian, Kharkiv
Read previewThe Australian government said Monday that a Chinese People's Liberation Army Air Force fighter jet released flares dangerously close to an Australian Defence Force helicopter over the weekend. The PLAAF jet intercepted the Royal Australian Navy MH-60R helicopter attached to HMAS Hobart in the Yellow Sea and "released flares across the flight path of the Australian Defence Force (ADF) helicopter," the Australian government said in a statement. Australian Defense Minister Richard Marles said a Chinese J-10 fighter aircraft popped flares about 300 meters in front of the helicopter and about 60 meters above it, per reporting from the AP. Related stories"This was an unsafe manoeuvre which posed a risk to the aircraft and personnel," the statement said. This isn't the first incident involving a Chinese jet engaging in troubling behavior in the vicinity of an Australian aircraft.
Persons: , Operation, Richard Marles Organizations: Service, Liberation Army Air Force, Australian Defence Force, Royal Australian Navy, ADF, Business, Australian Defense, China, of Defense, Military, Security, U.S Locations: Hobart, North Korea, Chinese, Canberra, Beijing, Australian, China, People's Republic of China
But I said nothing at first — I was too lost in thoughts, visions of ultrasounds, doctors, and grief. Because I'm 37 — which is considered an advanced maternal age — I had an ultrasound at eight weeks. I wasn't prepared for the grief of my second miscarriageI learned then that preparation does absolutely nothing to protect you from the devastation you feel in this situation. "Advanced maternal age" kept echoing in my mind — a term that feels like a verdict, a reminder that time is not on my side. Fear of the unknown, fear of the challenges that come with being an older mother, fear of facing another loss.
Persons: , would've, wasn't, I'd, who'd Organizations: Service, Business
Pro-Russia hackers are targeting infrastructure systems in the US and Europe, says a security advisory. Hackers have infiltrated infrastructure sectors in water, dams, energy, and agriculture. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementInfrastructure systems in the US and Europe are vulnerable targets for pro-Russia hackers, numerous security agencies cautioned in a May 1 advisory statement. The agencies observed pro-Russia hackers compromise the operational technology of infrastructure such as "Water and Wastewater Systems (WWS), Dams, Energy, and Food and Agriculture Sectors."
Persons: , Sandworm Organizations: Service, FBI, Infrastructure Security Agency, Wastewater Systems, Energy, Food, Agriculture, Google, Department of Justice Locations: Russia, Europe, North America, Dams, Texas, Ukraine, South Korea
Shari Redstone, chair of Paramount Global, attends the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on Tuesday, July 11, 2023. The consortium has been waiting for word from Paramount's special committee on whether the panel will recommend its bid to acquire the company to Redstone. Spokespeople for Skydance, Redstone's National Amusements and Paramount's special committee declined to comment on Friday. Previously, Redstone rejected an offer by Apollo in favor of exclusive talks with Skydance. Redstone has preferred a deal that would keep Paramount together, as Skydance's offer would, CNBC previously reported.
Persons: Shari Redstone, David Ellison's Skydance, CNBC's David Faber, Ellison, Spokespeople Organizations: Paramount Global, Allen, Co . Media, Technology Conference, Skydance, Apollo Global Management, Sony Pictures, RedBird Capital, KKR, Paramount, Apollo, Sony, CNBC, Redstone Locations: Sun Valley , Idaho
Analyst Scot Ciccarelli upgraded the retailer to buy from hold and raised his price target by $6 to $86. — Alex Harring 6: 22 a.m.: Here's what Wall Street thinks of Coinbase's earnings Coinbase's stronger-than-expected earnings have prompted analyst reactions. Barclays' Benjamin Budish (underweight, $179 price target unchanged, 21.8% downside): "The biggest question going forward is, how sustainable are these trends? — Alex Harring 6:12 a.m.: Wall Street reacts to Apple earnings Apple's buyback announcement has caught the eye of Wall Street analysts. Analyst Benjamin Nolan upgraded the railroad stock to buy from hold and increased his price target by $19 to $267.
Persons: Morgan Stanley, Jefferies, Bernstein, Aneesha Sherman, Sherman, — Alex Harring, Truist, Scot Ciccarelli, Ciccarelli, Ollie's, Estee Lauder, Dara Mohsenian, Mohsenian, Alex Harring, FactSet, Coinbase, what's, , Goldman Sachs, Will Nance, Benjamin Budish, Oppenheimer's Owen Lau, JPMorgan's Samik Chatterjee, Morgan Stanley's Erik Woodring, Michael Ng, bullish, George Notter, Notter, We've, it's, Stifel, Benjamin Nolan, Nolan, — Alex Harring —, Michael Bloom Organizations: CNBC, Arista and Union Pacific, Apple, Arista, FactSet, Barclays, Bloomberg, ASU, Street, Services, Jefferies, Arista Networks, Nvidia, Microsoft, Meta, Pacific, Union Pacific Locations: F3Q, China, Thursday's
CNN —Whenever you type a search into Apple’s Safari browser — say, on an iPhone — chances are it’s Google that returns the results. You can tell Safari to pick another search engine, but in practice most people tend to stick with Google by default. You might know that Google pays Apple enormous sums of money every year for that prime placement. Those eye-popping figures, newly unsealed this week, come from a blockbuster antitrust lawsuit against Google that’s just entered its closing stages. Nothing prevented Apple from choosing a different default search partner, Google contends.
Persons: , Google that’s, Trump, Amit Mehta, Mehta, ” Mehta, John Schmidtlein, Google’s, Sherman, , ” Schmidtlein Organizations: CNN, Google, Apple, Justice Department, DOJ, Microsoft
A Washington Post investigation revealed US forces mistakenly killed a civilian in a drone strike. AdvertisementA Washington Post investigation revealed Thursday that US forces killed a shepherd in a drone strike after mistaking him for a top al-Qaeda official. The Washington Post began its investigation in May 2023 following the fatal strike, calling into question the identity of the al-Qaeda operative who US officials said had been slain. Related storiesCentral Command said its investigation revealed that there were "several issues" with the operation but did not explain exactly how it failed to identify its target. A defense official told The Washington Post on the condition of anonymity that the American drone strike was botched due to the decision-making and accuracy, or "confirmation bias and insufficient red teaming" issues among personnel.
Persons: , Al, Lufti Hasan Masto Organizations: Washington Post, Central Command, Service, Post, Command, Qaeda, US, Hellfire, Department of Defense, New York Times Locations: Syria, United States, Northwest Syria, Al Qaeda, Qaeda, Syrian, Qorqanya, American, Central, Washington, Afghanistan
Spokespeople for Paramount, Redstone's National Amusements, the special committee and Skydance declined to comment. Sony Pictures and private equity firm Apollo Global Management have sent a letter to the Paramount Global board expressing interest in acquiring the company for about $26 billion, according to people familiar with the matter. Paramount Global shares jumped more than 12% on the news that Sony and Apollo submitted a letter formalizing its interest, earlier reported by The New York Times and Wall Street Journal. A $26 billion offer for Paramount Global values the company higher than the company's current $22 billion enterprise value. Redstone could also argue she's more comfortable with pushing forward at Paramount Global without a sale.
Persons: Skydance, hasn't, David Ellison's Skydance, Shari Redstone, It's, Redstone's, Bob Bakish Organizations: Paramount, Sony, Apollo, Skydance, RedBird Capital, KKR, Sony Pictures, Apollo Global Management, Paramount Global, The New York Times, Wall Street Journal, Hollywood, Matrix Asset Advisors, Aspen Sky Trust, Redstone Locations: Apollo
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation story is not accretive enough for a rate cut, says DoubleLine's Jeffrey ShermanJeffrey Sherman, DoubleLine deputy CIO, joins 'Money Movers' to discuss why the Federal Reserve will only raise rates once this year, what the Fed's moves ultimately for bonds, and more.
Persons: DoubleLine's Jeffrey Sherman Jeffrey Sherman Organizations: Federal Reserve
USS Boxer, an amphibious assault ship, is undergoing repairs, causing disruptions to Marine Corps operations. Naval Surface Force has stated that the USS Boxer may deploy this summer. AdvertisementUSS Boxer, a namphibious assault ship, is undergoing repairs, and a top general says that the hang-ups are affecting Marine Corps operations and depriving the force of key capabilities. Smith also said that Marines cannot train the same with the USS Boxer, a large flattop that resembles a medium-sized aircraft carrier, currently out of action. USS Boxer received seven Navy-wide awards in March, including the Battle Effectiveness Award and Maritime Warfare Excellence Award for its "sustained superior performance."
Persons: Boxer, , Eric M, Smith, Mikal Chapman, Adm, Lisa M, We're Organizations: Marine Corps, Naval, Force, Boxer, Service, House Armed, Marines, USS, Fighter Attack, U.S . Navy, Naval Operations, Naval Surface Force, USNI, Navy, Maritime Locations: San Diego
Twelve members of the U.S. Congress sent a letter to Formula 1 owner Liberty Media on Wednesday demanding answers for why it is excluding Andretti Global from the sport, giving the American team powerful new allies in its bid to enter F1. "Our team, Andretti Global, is part of every major racing discipline in the world. Last fall Formula 1's governing body, the FIA, accepted the racing team's push to join the grid, saying it met the criteria. Because we have an obligation to protect the American consumer, to protect American companies, and that is our first allegiance. The move marks an earthquake for F1 as Newey is widely regarded as the greatest car designer in the sport.
Persons: Mario Andretti, Andretti Cadillac, John James, Gregory Maffei, , that's, Andretti, James, It's, Jim Jordan, Adrian Newey, Sebastian Vettel, Max Verstappen, Newey Organizations: Auto, U.S, Capitol, U.S . Congress, Liberty Media, Andretti Global, American, General Motors, Formula, Andretti, GM, Cadillac, Rep, FIA, Formula One Management, Miami, Prix, Las Vegas, Red Bull Racing, Red Bull, NBC News Locations: U.S, Michigan, America, Ohio, Austin
Warner Bros. Warner Bros. He's said he's not interested in being in the "rental business," as is the nature of licensing sports rights, though he has also expressed optimism about retaining NBA rights. Spokespeople for Warner Bros. Discovery, NBC and the NBA declined to comment.
Persons: John Tesh's, NBCUniversal, Comcast's NBCUniversal, David Zaslav, He's, he's Organizations: National Basketball Association, NBC, NBA, CNBC, Street Journal, Disney, Warner Bros, Warner Bros . Discovery, Comcast, Discovery
Tony Awards Nominations 2024: The Complete List
  + stars: | 2024-04-30 | by ( Rachel Sherman | ) www.nytimes.com   time to read: +1 min
The Tony Awards nominators didn’t have much time. This year, in a crush of openings, 12 Broadway shows opened in the nine days before the eligibility deadline. (To qualify, a Broadway show must have opened between April 28, 2023, and April 25, 2024.) In a spread of achievements, 28 of the 36 eligible shows picked up at least one nomination. “Stereophonic” also triumphed for its ensemble acting: five of its seven performers were singled out for individual acting nominations.
Persons: Tony, Jesse Tyler Ferguson, Renée Elise Goldsberry, “ Hamilton, , Alicia Keys’s, David Adjmi’s, Daniel Radcliffe, Jeremy Strong, Rachel McAdams, Mary Jane ”, Sarah Paulson Organizations: Broadway, CBS, Locations: livestream
How ‘The Idea of You’ nailed age-gap dressing
  + stars: | 2024-04-30 | by ( Leah Dolan | ) edition.cnn.com   time to read: +8 min
Films such as “What Price Hollywood” and “A Star is Born” first dabbled in the idea of famous and non-famous relations almost 100 years ago. Now, director Michael Showalter breathes new life into the trope with “The Idea of You,” out on Amazon Prime May 2. But more than just a piece of starry-eyed fan-fiction, “The Idea of You” is a Bildungsroman in disguise. It was the first look Hathaway tried on during fittings with Demetrio in New York. As for Hathaway, we find her in Chanel and leave her, happily ever after, in a rust-red Gabriela Hearst suit.
Persons: It’s, , Richard Curtis, Julia Roberts, Hugh Grant, lister, Michael Showalter, Robinne Lee, Anne Hathaway, Solène Marchand, Nicholas Galitzine, Hayes Campbell, Moon, Demetrio, Alisha Wetherill, Hayes, Solène, Harry Styles, Olivia Wilde, Lee, Styles, , Jacqueline Demetrio, , “ She’s, Hathaway, Isabel Marant cardigan, suede Isabel Marant, , Etro, Gabriella Hearst, Valentino, Demetrio —, Hathaway —, heartthrob, David Bowie, ” Demetrio, he’s Harry, “ Nick, Matty Healy, Loewe, Isabel Marant, it’s, Nick, Constance Bennett, Lowell Sherman, ” Grant, Roberts, Gabriela Hearst Organizations: CNN, Hollywood, Disney Channel, BBC, Amazon, Vogue, SXSW Locations: LA, Isabel, New York, streetwear, Coachella, cardigan, It’s,
Bob Bakish set to be removed as Paramount CEO
  + stars: | 2024-04-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBob Bakish set to be removed as Paramount CEOCNBC's Alex Sherman reports on the latest news from Paramount.
Persons: Bob Bakish, CNBC's Alex Sherman Organizations: Paramount
Congress returns to Washington: Here's what to watch for
  + stars: | 2024-04-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCongress returns to Washington: Here's what to watch forJake Sherman, Punchbowl News co-founder, joins 'Squawk Box' to discuss what to watch on Capitol Hill as Congress returns to Washington this week, the fate of House Speaker Mike Johnson, reports of Trump allies drafting up plans to erode the Fed's independence, and more.
Persons: Jake Sherman, Mike Johnson Organizations: Punchbowl News, Capitol, Trump Locations: Washington
The decision to remove Bakish as CEO comes as Paramount Global closes in on a merger agreement with Skydance Media. A number of large common shareholders, including Gamco Investors, Ariel Investments, Matrix and Aspen Sky Trust have publicly criticized the deal, arguing it destroys value for common shareholders. Paramount Global shares jumped about 5% in premarket trading Monday. Typically, Paramount Global shareholders, such as Gabelli, would compare an offer to the standalone company's prospects — hence his comments about not seeing a sale at all. But by removing Bakish, Redstone and the Paramount Global board are now throwing the status quo into chaos.
Persons: Bob Bakish, CNBC's David Faber, Shari Redstone, David A, Skydance, Mario Gabelli, That's, , Bakish Organizations: Paramount, CNBC, Paramount Global, Skydance Media, Gamco Investors, Ariel Investments, Aspen Sky Trust, National Amusements, Allen & Company Sun Valley, Grogan, Amusements, New York Post, Bloomberg, Street Journal, Skydance, Apollo Global, Sony, New York Times, Apollo, Foreign Investment, U.S, Communications, Charter Locations: Sun Valley , Idaho, U.S, United States
Paramount Global's board is preparing to fire Chief Executive Officer Bob Bakish as soon as Monday morning, according to people familiar with the matter. Paramount Global reports its quarterly earnings Monday. Bakish has lost the trust of Paramount Global controlling shareholder Shari Redstone, according to people familiar with her thinking. Paramount and Skydance have been making headway on a final deal, under which Bakish would leave Paramount, CNBC reported Thursday. Skydance intends to name its CEO David Ellison to helm Paramount, according to people familiar with the matter.
Persons: Bob Bakish, Bakish, Shari, Skydance, David Ellison Organizations: Viacom Inc, Mobile, Paramount, Paramount Global, Skydance Media, Charter Communications, Skydance, CNBC Locations: Los Angeles , California, U.S
“The Jews control the world! Jews are murderers!”I watched as a pro-Palestine protester approached the man. Hours later, a well known congressional reporter covering House Speaker Mike Johnson’s visit to Columbia’s campus posted a photograph of the same man. “One sign here at the Columbia protest,” the reporter, Jake Sherman, wrote. “This man is ranting about Jews controlling the universe.”
Persons: , Mike Johnson’s, Jake Sherman Organizations: Columbia University, Palestine, Columbia Locations: New York, Baltimore, Columbia’s
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