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Netflix, Disney+, Amazon Hit By Philippine's New 12% Tax On Digital Providers
Wednesday, October 2, 2024 - 1:13pm | 471Netflix Inc (NASDAQ:NFLX), Warner Bros. Discovery, Inc.’s (NASDAQ:WBD) HBO Go and Walt Disney Co.’s (NYSE:DIS) Disney+ were affected by a law signed by President Ferdinand Marcos Jr. on Wednesday imposed a 12% value-added tax (VAT) on non-resident digital service providers to bring them...
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Netflix CEO Says There's No Such Thing As Too Much Content, Embraces Steve Jobs' Cannibalization Strategy
Tuesday, September 17, 2024 - 10:37am | 785When it comes to having movies and television shows that people love, Netflix Inc (NASDAQ:NFLX) co-CEO Ted Sarandos said there's no such thing as too much content in the ever-changing streaming sector. What Happened: Netflix is no stranger to innovation, going from a DVD-by-mail service to one of...
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Joey Chestnut Breaks Hot Dog-Eating Contest Record: How Netflix Could Benefit From Live Sports, Specials
Tuesday, September 3, 2024 - 12:25pm | 720Competitive eater Joey Chestnut broke his own record for most hot dogs and buns consumed in 10 minutes during a Netflix Inc (NASDAQ:NFLX) live special that aired on Labor Day. What Happened: Chestnut didn't take part in the annual Nathan's Famous Hot Dog Eating Contest earlier this year due to a...
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Chick-fil-A Plans Streaming App: Will It Be Available On Sundays?
Thursday, August 22, 2024 - 11:33am | 748Fast-food chain Chick-fil-A could be the latest company, and perhaps the most surprising in recent years, to launch a streaming platform. What Happened: Best known for its chicken sandwiches and waffle fries and having its restaurants famously closed on Sundays, Chick-fil-A could soon become known...
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Amazon Could Score Another Video Game-Inspired Hit After Fallout: New Series Adapts Pac-Man, Dungeons & Dragons, Mega Man And More
Wednesday, August 21, 2024 - 1:20pm | 836Amazon.com Inc (NASDAQ:AMZN) could have another video game adaptation hit with "Secret Level" unveiled Tuesday and drawing early comparisons to its "Fallout" series adaptation that generated strong viewership and reviews. What Happened: Amazon — best known as an e-commerce company and cloud...
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Netflix Reveals Squid Game Video Game With 32-Player Party Royale Mode: 'Can You Make It Through Playtime Alive?'
Wednesday, August 21, 2024 - 10:51am | 696Fans of Netflix (NASDAQ:NFLX) original series "Squid Game" will soon have a video game to celebrate the hit 2021 show ahead of a highly-anticipated second season. What Happened: Netflix teased it was releasing a multiplayer "Squid Game" when it reported second-quarter financial results. Fans got...
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Disney Cancels Star Wars Show: The Force Wasn't Strong With Viewership, Fan Ratings
Tuesday, August 20, 2024 - 2:28pm | 899Media giant The Walt Disney Company (NYSE:DIS) has cancelled a Star Wars original series in a potential puzzling move for a franchise that has spawned countless hits over the decades. What Happened: Since acquiring Star Wars parent Lucasfilm in 2012, Disney has utilized the franchise to launch new...
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Paramount Bidding War Intensifies As Edgar Bronfman Counters Skydance With $4.3B Offer, Plans to Raise More
Tuesday, August 20, 2024 - 11:39am | 663A battle over media giant Paramount Global Inc (NASDAQ:PARA)(NASDAQ:PARAA) could be intensifying with former Warner Music CEO Edgar Bronfman Jr. trying to outbid Skydance for control. What Happened: Bronfman submitted a bid of $4.3 billion Monday night and plans to bid higher in the coming days as...
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'We Saved The Industry,' FuboTV CEO Says After Judge Halts Sports JV: Analyst Expects Injunction Will Kill Venu
Monday, August 19, 2024 - 11:51am | 923The temporary halt of a sports streaming joint venture from The Walt Disney Company (NYSE:DIS), Warner Bros. Discovery (NASDAQ:WBD) and Fox Corporation (NASDAQ:FOX)(NASDAQ:FOXA) is a big win for FuboTv Inc (NYSE:FUBO), but the battle continues, an analyst said Monday. The Fubo Analysts: The...
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Simone Biles, Steph Curry Most Compelling 2024 Summer Olympics Athletes Benzinga Readers Say: 51% Of Readers Didn't Watch Any Sporting Events
Wednesday, August 14, 2024 - 6:17pm | 875The 2024 Summer Olympics in Paris were watched by more than 30 million viewers in the U.S., marking an increase from the 2020 Summer Olympics in Tokyo. A poll of Benzinga readers shows that investors might not be as interested in the sporting spectacle as other fans around the world were. What...
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Netflix Ad-Price Hike, Live Sports Seen As Keys For Growth, Says Analyst
Tuesday, August 13, 2024 - 12:34pm | 476Streaming giant Netflix Inc (NASDAQ:NFLX) has multiple drivers to help push revenue growth in 2024 and 2025, an analyst says a month after second-quarter financial results. The Netflix Analyst: JPMorgan analyst Doug Anmuth reiterated an Overweight rating and a $750 price target. The Analyst...
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Comcast Stock To Win Gold Medal? 2024 Summer Olympics Viewership Up 82% From 2020 Olympics
Tuesday, August 13, 2024 - 10:36am | 708Media giant Comcast Corporation (NASDAQ:CMCSA) enjoyed a viewership boost thanks to having exclusive broadcasting rights to 2024 Summer Olympics. What Happened: A total of 30.6 million U.S. viewers tuned into 2024 Summer Olympics coverage in Paris, aired across Comcast’s NBC, NBCU and...
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Disney Analysts Tackle Theme Park Weakness, Streaming Profits: 'The Upside In The Entertainment Units More Than Offsets The Parks Miss'
Thursday, August 8, 2024 - 11:58am | 734The Walt Disney Company (NYSE:DIS) stock analysts see concerns for the company’s theme park business weighing on financials and offsetting profitability shown for streaming in the third quarter. The Disney Analysts Bank of America analyst Jessica Reif Ehrlich reiterated a Buy rating and...
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Stranger Things Comes To Broadway: How You Can Get Tickets To Hit Netflix Show On Stage
Wednesday, August 7, 2024 - 3:45pm | 589While fans await a fifth and final season of “Stranger Things” in 2025, they may also treat themselves to a live version of the show on Broadway What Happened: After playing in London’s West End, "Stranger Things: The First Shadow" is coming to the U.S. It will make its Broadway...
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Disney Q3 Earnings Preview: Disney+ Subscribers, Price Hikes In Focus, Could Box Office Success Rally Shares?
Tuesday, August 6, 2024 - 4:26pm | 1005The recent box office success of The Walt Disney Company (NYSE:DIS) and its Disney+ streaming platform will likely be the most talked about items from the company’s third-quarter earnings, which come before market open Wednesday August 7. Earnings Estimates: Analysts expect Disney to report...