The battle for streaming supremacy among major media and entertainment companies has come to an end. These companies are now aware that significant growth in streaming subscribers is not achievable anymore. Disney+ lost four million subscribers during the first three months of the year, while Netflix added 1.75 million subscribers in its first quarter. Warner
Hyundai Motor Company is planning to increase its production capabilities as it aims to be one of the world’s top three electric vehicle (EV) manufacturers by 2030. The company is investing heavily in research and development, expanding its EV lines, building new plants and platforms, and increasing production capacity. The automaker is now developing two
Google has announced that it will embed markups within images created by its AI models to warn users that the images were originally created by a computer. The information within the images will not be visible to the human eye, but software like Google Search will be able to read it and display a label
Eli Lilly CEO Dave Ricks has promised not to raise prices on the company’s existing insulin products again. He was the only executive to do so before a Senate Health Committee hearing on making the life-saving diabetes drug more affordable. Sen. Bernie Sanders, the committee’s chair, asked Ricks and the CEOs of Novo Nordisk and
Tom Lee, the co-founder of Fundstrat, predicts that large-cap technology stocks will continue to surge in 2023, and FAANG shares could have even more room to grow. Lee believes that FAANG (Facebook’s parent company Meta, Amazon, Apple, Netflix, and Alphabet) could rise by up to 50% this year. He anticipates a rebound in FAANG companies
West Virginia basketball coach Bob Huggins will return to coaching next season after being suspended for three games and agreeing to a million-dollar salary reduction for using an anti-gay slur in a radio interview. Huggins’ suspension will occur during the team’s first three regular-season games. His contract will be amended to a year-by-year agreement, beginning
During a recent earnings call, Disney CEO Bob Iger took a moment to congratulate Universal Studios on the success of their latest film, “The Super Mario Bros. Movie.” Iger noted that the film’s global box office success proves that audiences around the world still enjoy being entertained in theaters, and he expressed optimism about the
Disney has announced plans to integrate Hulu content into its Disney+ streaming app in the US. The move will create a “one app experience” for subscribers, according to CEO Bob Iger. The standalone options for all Disney platforms, including ESPN+, will remain in place. The move towards a unified streaming experience is part of Disney’s
Vertical has recently appointed former Amazon Prime Video executive Jason Pecora to the role of Executive Vice President, Distribution. Pecora will be responsible for overseeing Sales, Marketing and Operations in his new role. He will report to Vertical Partners Peter Jarowey and Rich Goldberg. Pecora has over 14 years of experience in the entertainment industry,
Ellen Stutzman, the chief negotiator for the striking Writers Guild of America, is in the middle of a tough negotiation process with the movie and television studios. On Wednesday, her parents and aunt showed their support for her and her union cohorts by marching outside Amazon’s offices in Manhattan. Stutzman’s parents, Fred and Anne Stutzman,