Liberty Media has announced a significant reshaping of its corporate structure that will see the majority of its assets, aside from its prized Formula One auto racing division, spun off into a new publicly traded entity named Liberty Live. This move not only reflects a strategic pivot but also heralds the end of an era
Business
Since the launch of its cheaper, ad-supported tier in November 2022, Netflix has made significant strides in the streaming market, amassing an impressive 70 million global monthly active users. This transition was a pivotal move following a period of stagnation in subscriber growth, allowing the company to tap into a new revenue stream while catering
After a lengthy strike lasting more than seven weeks, Boeing’s workforce of over 32,000 machinists faced a critical deadline to re-enter their production facilities by Tuesday. The strike, which began on September 13, was a response to an inadequate contract offer that proposed 25% raises. Their recent approval of a new contract, featuring a substantial
In an unusual turn of events, Mattel, a company well-known for its family-friendly products, found itself in the midst of controversy due to a significant packaging error involving its “Wicked” branded fashion dolls. This misstep arose from a misprint that unintentionally directed consumers to a pornographic website instead of the intended official page for the
The theatrical world is no stranger to the thrill of box office hits, especially those with a strong cultural following. Following the monumental success of “Barbie,” Universal’s upcoming film adaptation of the Broadway musical “Wicked” is expected to create a tidal wave of enthusiasm among fans and retailers alike. Slated for release on November 22,
The landscape of regional sports broadcasting in the United States is increasingly fraught with challenges, particularly for Diamond Sports Group, the largest owner of regional sports networks in the country. As the company navigates its bankruptcy proceedings, Major League Baseball (MLB) and the Atlanta Braves have voiced serious reservations regarding the feasibility of Diamond’s proposed
In a remarkable turn of events, Warner Bros. Discovery has reported staggering growth for its streaming platform, Max, revealing an impressive addition of 7.2 million global subscribers in the third quarter of 2023. This figure not only represents the highest quarterly growth since Max’s launch but also reflects the platform’s strategic evolution amidst challenges facing
E.l.f. Beauty, a significant player in the cosmetics industry, has recently reported impressive financial growth, prompting an upward revision of its fiscal guidance for the upcoming year. This surge can be attributed to various factors, including strategic marketing and pricing strategies, customer demographic alignment, and efficient operational management. By examining the company’s recent performance, we
Restaurant Brands International (RBI) has faced a complex scenario in its third quarter earnings report, one which combines both positive and negative elements against the backdrop of evolving consumer behaviors within the restaurant industry. The quarterly results anticipated by investors and analysts were not met, sparking a decline in share prices of around 2% post-announcement.
The housing market has recently demonstrated a remarkable juxtaposition of robust equity levels among homeowners and the apprehensive behavior stemming from increased borrowing costs. As homeowners collectively enjoy a historical high of over $17 trillion in home equity, the decision to leverage this asset has become a delicate balancing act between financial opportunity and affordability.