Amazon Prime Brings Back HBO Max
Amazon Prime Video Channels (AMZN) has brought back Warner Bros. Discovery’s (WBD) HBO Max, with such popular shows as “The White Lotus” and “Mare of Easttown.” In an announcement Tuesday,…
T. Rowe Price Opposes Merger Of News Corp And Fox Corp
On Friday, the New York Times reported that T. Rowe Price, a major News Corp. shareholder, has joined with other investors and voiced strong reservations about Rupert Murdoch’s plans to…
Bob Iger Returns As Disney CEO
The board of directors of the Walt Disney Co. has announced Sunday it is bringing back former CEO Bob Iger. Iger had retired from the company a year ago following…
Rupert Murdoch Looks To Reconsolidate Fox And News Corp
Media mogul Rupert Murdoch is reportedly looking at recombining Fox (FOXA) and Newscorp (NWSA). The Murdoch-owned Wall Street Journal is reporting the 91 year old Murdoch is currently in the early stages of…
Co-Founder John Foley Exits Peloton
John Foley, the Co-Founder of Peloton, will leave the company he founded, according to a statement from the company. Foley will exit the company’s board of directors, months after the…
Amazon’s Rings Of Power Runs Into Fan Criticism
As Amazon launches its new “The Lord of the Rings: The Rings of Power” series, it is running into serious pushback from fans and influencers alike. Despite scoring 25 million…
Netflix Ad-Supported Plan Will Cost $7-$9 Per Month
Netflix will reportedly charge between $7 and $9 per month for their new advertising-supported subscription plan. The new budget-friendly subscription plan will be introduced in the fourth quarter of this…
Streaming Services Losing Customers To Inflation
According to Ofcom, an industry watchdog, almost 600,000 British households have cancelled Amazon Prime subscriptions due to a combination of inflation forcing them to tighten their belts, and a forthcoming…
Airbnb Beats Estimates On EPS, But Remains Down For The Year
Airbnb (ABNB) reported revenues meeting analysts expectations and coming in above expectations on earnings per share, but missing expectations on nights, and “experiences” that were booked. “Experiences” are events set…
Amazon Advertising Set To Eclipse AWS As Streaming Rises
In Amazon’s earnings report Tuesday, the web giant reported that its Amazon Web Services generated $19.7 billion during the company’s second quarter. However while AWS accounted for 16.24% of overall…
