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...The private equity group is in advanced talks with US media groups Warner Bros Discovery and Liberty Global to acquire All3Media in a deal worth about £1bn, according to several people familiar with the...
...Perrette said that the group was “way ahead of what we thought we’d do” in driving profits from its streaming platform. WBD will also start to crack down on password sharing among its existing users....
...But a buyer would be foolish to pay a premium price for the group, given regulatory and integration challenges....
...The discussions with Warner Bros, first reported by Axios, come as US media groups are struggling to improve their profitability after waging a costly “streaming war” against Netflix....
...Warner Bros Discovery shares fell 19 per cent on Wednesday for their biggest daily drop since March 2021 after the entertainment group warned investors it was “unlikely” to meet its goals for paying off...
...Elon Musk’s decision to lower the price of Tesla vehicles in China in late 2022 sparked savage price cuts across the auto industry, leading to squeezed margins for both legacy multinational auto groups in...
...Disney’s ESPN, Fox and Warner Bros Discovery plan to launch a sports streaming service later this year that will aggregate the games offered by the media groups’ traditional television networks....
...Wes Moss and Andy Litinsky, two former contestants on Trump’s reality television show The Apprentice, together own shares worth about $436mn....
...This shift will have major ramifications for both the auto industry and the energy sector.”...
...Drew Baglino, senior vice-president leading Tesla’s engineering and technology development for batteries, motors and energy products, announced on X today that he would leave after 18 years at the auto group...
...The world’s biggest tech show is also a major auto expo, with South Korea’s Kia and Hyundai, Honda of Japan and Mercedes-Benz of Germany all taking part along with numerous suppliers....
...The group’s numbers are decent to good, given diminished expectations. But Wall Street has soured on big entertainment companies....
...s Berkshire Hathaway sold 10mn Apple shares in the last three months of 2023, cutting into a position that the so-called Oracle of Omaha has called one of the “four giants” that account for most of his group...
...In a survey it conducted, nearly a third of consumers who prefer Apple Pay are in that age group. Conversely, nearly 50 per cent of those who prefer PayPal are 45 years old and above....
...HBO has been the centrepiece of the flagship Max streaming service from the combined group Warner Bros Discovery, as it looks to compete with larger rivals Netflix and Disney....
...This group of investors generally views Robotaxi (i.e. fully autonomous vehicles running on the Tesla network) as a very long-dated opportunity....
...The group reported free cash flow of $1.7bn for the June quarter, and predicts a similar number for the quarter to the end of September — helped by the strike and the success of Barbie, the Warner Bros film...
...The terms of the Warner-Discovery merger barred the group from dealmaking for two years. That period expires on April 8....
...Research, a Beijing research group....
...An advertiser exodus from Elon Musk’s X gathered pace on Friday, with Apple, Walt Disney, Comcast, Paramount and Warner Bros all pausing spending on the social media platform amid concerns about antisemitic...
...Whenever questions about CNN’s declining ratings have come up over the past year, Warner Bros Discovery chief executive David Zaslav has urged patience....
...The lull in EV sales is having a damaging impact on the auto industry....
...Analysts said the ongoing price war in China’s auto market could lead to a vicious cycle. “In the case of China, when the price is lower, people think, ‘wait a minute....
...The company is expanding among a clutch of Chinese auto groups in Europe, with plans to launch a cheaper brand in the region in 2025....
...Chang’s and business technology provider Computer Services Inc....
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