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Thursday, September 21, 2023

Alex Sherman

Disney asset sales won’t break the bank, but they will move legacy media forward

In this articleDISFollow your favorite stocksCREATE FREE ACCOUNTChief executive officer of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing the opening bell at the New York Stock Exchange (NYSE), November 27, 2017 in New York Ci...

Starz could turn into an ‘acquisition machine’ after Lionsgate spins it off

In this articleLGF.ALiberty Media's John MaloneMichael Kovac | Getty ImagesStarz wasn't John Malone's most successful investment. But it may be his most symbolic.The media mogul once controlled Starz as an independent company. In 2016, he merged it wit...

Red Sox broadcaster becomes first regional sports network to offer standalone streaming service for games

Members of the Boston Red Sox look on during a team workout ahead of the 2021 Opening Day game on March 31, 2021 at Fenway Park in Boston, Massachusetts.Billie Weiss | Boston Red Sox | Getty ImagesThe local cable network that airs Boston's Major League...

Ex-Disney CEO Bob Iger takes stake in Australian design company Canva, which has been valued at $40 billion

Bob Iger poses with Mickey Mouse attends Mickey's 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles.Valerie Macon | AFP | Getty ImagesFormer Disney CEO Bob Iger has acquired a stake in Australian design company Canva and agree...

Former White House press secretary Jen Psaki will join MSNBC this fall

U.S. White House press secretary Jen Psaki speaks during a press briefing at the White House in Washington, December 20, 2021.Kevin Lamarque | ReutersJen Psaki, who left her role as President Joe Biden's press secretary earlier this month, will join ca...

Elon Musk can’t just walk away from his Twitter deal by paying a $1 billion breakup fee

In this articleTWTRMusk's plan to buy Twitter has worried policymakers around the world.Joe Skipper | ReutersElon Musk can't just walk away from his deal to acquire Twitter by paying an agreed-upon $1 billion breakup fee. It's not that simple.Musk Frid...

Disney may need to tell investors a new story as company warns of softer streaming growth

A performer dressed as Mickey Mouse entertains guests during the reopening of the Disneyland theme park in Anaheim, California, U.S., on Friday, April 30, 2021.Bloomberg | Bloomberg | Getty ImagesDisney may have a storytelling problem.Although the comp...

Vice Media has hired financial advisors to seek a buyer, may sell itself in pieces, sources say

Shane Smith, co-founder of Vice.CNBCVice Media, the digital media company once valued at $5.7 billion, has hired bankers to seek a sale, according to people familiar with the matter.Several buyers have expressed preliminary interest in acquiring Vice o...

New Comcast-Charter streaming joint venture suggests the next chapter of the streaming wars is coming

In this articleCMCSACHTRROKUBrian Roberts, CEO of Comcast (L), and Tom Rutledge, chief executive officer of Charter CommunicationsDrew Angerer | Getty ImagesIt's easy to shrug off last week's announcement that Comcast and Charter have started a joint v...

Disney executive Geoff Morrell, who helped craft response to ‘Don’t Say Gay’ law, leaves company after three months

In this articleDISDisney employee Nicholas Maldonado holds a sign while protesting outside of Walt Disney World on March 22, 2022 in Orlando, Florida. Employees are staging a company-wide walkout today to protest Walt Disney Co.'s response to controver...

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Malaysian nicknamed the ‘Godfather’ jailed in US for rhino horn trafficking

Teo Boon Ching, a ‘middleman’ in a global criminal network, was arrested after negotiating a sale of horns to an undercover source.Teo Boon Ching, a Malaysian wildlife trafficker known by a range of aliases including the Godfather, has been jailed for ...
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If India killed a Canadian Sikh citizen, Justin Trudeau is to blame

Canada is the world’s doormat.A big, insecure nation that pleads to be taken seriously as an indispensable global “player” is, instead, largely considered an inconsequential afterthought – a perpetual minor-leaguer in the major leagues of international...

Nayanthara angry at Atlee for making Jawan a ‘Shah Rukh Khan-Deepika Padukone film’, may not return to Bollywood: Report

A report has suggested that Nayanthara is not too pleased with Atlee for chopping her role in Jawan and giving more importance to Deepika Padukone in the Shah Rukh Khan-starrer.Nayanthara made a strong debut in Hindi films with Jawan, her first foray i...

Russia says 19 Ukrainian drones downed over Crimea, Black Sea, and regions

Russia’s Ministry of Defence did not release information regarding possible casualties or damage in the latest air raid.Russian aerial defence systems destroyed a wave of 19 Ukrainian drones that were launched overnight in attacks against targets in th...

India-Canada diplomatic row: US favours investigation into Trudeau’s allegations

US Ambassador to India Eric Garcetti also described Trudeau's allegations as "troubling" and underlined the importance of following principles of international law, sovereignty and non interference.The US on Wednesday favoured a thorough investigation ...