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04.02.26 - 08:06
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Netflix co-CEO grilled by US senators over Warner Bros Discovery merger (The Guardian)
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While most focused on competition issues, Josh Hawley accused Netflix of promoting trans content to childrenNetflix co-chief executive Ted Sarandos faced tough questioning over whether the streamer is “overwhelmingly woke” or killing competition on Tuesday afternoon during a congressional hearing focused on its pending acquisition of the film and streaming assets of Warner Bros Discovery.The hearing was conducted by the Senate subcommittee on antitrust, competition policy, and consumer rights. Bruce Campbell, chief revenue and strategy officer for Warner Bros Discovery, also testified in the packed Senate hearing room. Continue reading......
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03.02.26 - 22:18
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Netflix Promises More Content for Less After Proposed Merger With Warner Bros. (Bloomberg)
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Netflix Inc. and Warner Bros. Discovery Inc. executives defended their media merger against lawmakers' concerns about the proposed tie-up and its impact on streaming consumers and Hollywood workers.
“We will give consumers more content for less,” Netflix co-Chief Executive Officer Ted Sarandos told Senators on Tuesday. (Source: Bloomberg)...
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02.02.26 - 18:36
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Record Earnings Can’t Save Disney Stock From $100 Plunge: Here’s Why (24/7 Wall St.)
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Walt Disney (NYSE:DIS), the long-standing theme park behemoth that's now a streaming service contender, just released its latest round of quarterly data. Usually Disney stock isn't particularly volatile, but Monday's share-price action brought surprises and a bit of whiplash. It's been a major challenge for Disney's streaming service, Disney+, to keep up with competitors like Netflix ... Record Earnings Can't Save Disney Stock From $100 Plunge: Here's Why
The post Record Earnings Can't Save Disney Stock From $100 Plunge: Here's Why appeared first on 24/7 Wall St.....
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