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...Chief executive David Zaslav had been looking to help cut Warner’s debt by capitalising on the hot market for music copyrights....
...Warner Bros Discovery is to launch its Max streaming service across Europe, bringing together popular TV shows such as The White Lotus with movies like Barbie to challenge market leaders Netflix and Disney...
...Its market capitalisation is down to $10bn, against $17bn in total debt. The company’s controlling shareholder, the Redstone family, has its own issues....
...Warner and Paramount had stock market capitalisations of $28bn and $10bn respectively, as of Wednesday. Both companies have significant debt loads, however....
...Warner Bros Discovery shares were on course for their biggest daily drop in a more than a year after the entertainment group warned investors that it was “unlikely” to meet its debt payment goals....
...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...
...Some may dismiss the row between Musk and Altman as a tiresome legal battle between billionaire tech bros....
...The crypto bro culture has been criticised for contributing to governance failings, including at collapsed exchange FTX....
...“And the challenge here is having to grow profitably in new markets that will require investments. This will be a delicate balancing act.”...
...Their economics do not currently work either for the essential talent or the capital markets. That script will be hard to flip....
...Yet India has proved a particularly difficult market for Hollywood studios to crack, with Paramount and Disney joining other foreign media groups, including Warner Bros, in scaling back their presence in...
...Nintendo declined to comment on the Super Mario Bros Movie distribution deal with Universal Pictures....
...(For the uninitiated, between the aughts and coronavirus pandemic, Brother Jimmy’s, or Bro J’s, was a go to hangout for twenty-something finance bros, including Rashid.)...
...That alternative is called the market. We are already seeing the market clean the stables, as it were, of the bitcoin industry, and we just ought to let that keep happening....
...Only Itata could deliver this. £21.95 Vin Cognito Joey Tensley, Fundamental Cabernet Sauvignon 2020 Central Coast (14.5%) A new name on the UK market offering great value....
...Perhaps there’s a good case for these “nuclear bros”, as they are derisively called, to resent the state....
...Nvidia’s market capitalisation has quintupled since the start of 2022 to almost $1.8tn, thanks to the stock market euphoria over AI — a boom largely built on Nvidia’s chips....
...Handblown crystal pendant lights look like suspended Warner Bros logos — but also like small flying bats....
...Apple has become a critical holding for Berkshire and now accounts for roughly a fifth of its market value....
...Those dupes in turn can point to the mass market for amateur psychotherapy and self-help mumbo jumbo. And so the carousel of eloquent, educated naïveté goes round....
...It has lost billions on its streaming service, Paramount+, but has only a 4 per cent share of the US streaming market. (Netflix, the market leader, has a 33 per cent share and is profitable.)...
...Zaslav has tried to be more disciplined with budgets following an era of extravagant spending for Hollywood, which had been boosted by years of ultra-low interest rates and a stock market rally....
...Of course, leveraged ETFs like TMF are overwhelmingly just trading tools for Reddit bros....
...The Japanese stock market is on a tear, up 20% this year....
...Other earnings: Biogen, Warner Bros, Discovery, Roblox, Ralph Lauren and Under Armour will report their latest quarterly earnings before the market opens....
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