Sony and Apollo make formal $26-billion joint bid for Paramount

latimes.com Sony Pictures Entertainment and Apollo Global Management have officially put in a bid for Paramount Global, as competition for the storied film and TV company continues to…

Burberry profits slump by 40% as demand for luxury goods slows

theguardian.com Burberry’s profits have slumped by 40% in a year amid a wider slowdown in demand for luxury goods that has pushed down sales in Asia and the Americas. The high-end UK…

Comcast is Building a Streaming Bundle with Peacock, Netflix, Apple TV+

thedailyupside.com Streaming is entering its 90’s phase: The Battle of the Bundles. On Tuesday, Comcast announced it would soon launch a new bundle that would package together its streaming…

Dow’s winning streak continues, Roblox sinks, Robinhood CEO joins Yahoo Finance

finance.yahoo.com The Dow Jones Industrial Average (^DJI) is on track for its seventh consecutive day of gains. An unexpected jump in initial jobless claims has traders hopeful the Federal…

NBA’s $76 Billion TV Rights Deal and the Future for Live Sports

thewrap.com The scramble for the NBA TV rights was always destined to be one of the biggest sports stories of 2024. But no one was prepared for exactly how big it would get. As the…

Shopify's shares hit a 6-month low after quarterly growth slows

cbc.ca Canadian e-commerce platform Shopify forecast its slowest quarterly revenue growth in two years against the backdrop of an uncertain economy and tepid consumer spending,…

Shopify shares plunge nearly 20 per cent on lower-than-expected forecast for next quarter

theglobeandmail.com Shopify Inc. SHOP-T posted double-digit revenue growth but shares sank nearly 20 per cent Tuesday morning on the company’s lower-than-expected estimates for next quarter’s…

Match Group Forecasts Revenue Below Analyst Estimates

pymnts.com In a challenging market environment, Match Group, the parent company of dating apps Tinder, Hinge and OkCupid, is reportedly expecting lower than estimated quarterly…

Disney's streaming business (sans ESPN+) turns a quarterly profit

latimes.com The Walt Disney Co. name appears on a screen on the floor of the New York Stock Exchange. The Burbank media and entertainment giant is seeing big strides in its streaming…

Why Disney Stock Dropped Sharply Despite Nearing Streaming Profit, Improved Earnings Outlook

hollywoodreporter.com Disney‘s latest quarterly earnings report and conference call with management had much for Wall Street to like, including progress toward streaming profits and an increased…