Media

Disney CEO Bob Chapek says price hikes may hit Disney World, Disneyland again

Disney World and Disneyland customers may soon be getting hit with another round of price hikes, according to Disney CEO Bob Chapek. After raising prices across Disney’s streaming services, including Disney+, Hulu and ESPN+, Chapek told CNBC that price hikes will likely hit the Mouse House’s popular theme parks next. “We read demand. We have …

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Disney earnings suggest the ‘streaming wars’ are officially over

Walt Disney Co. plans to raise prices on various streaming offerings as it gears up for the Dec. 8 launch of an ad-supported tier, marking the latest sign that the streaming market isn’t what it used to be. Whereas media companies once rushed to launch new services and grab new subscribers with flashy offers, they …

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These stocks soared up to 12% after inflation cooled

Amid the euphoria following what appeared to be the first sign of slowing inflation, stocks staged a broad rally on Aug. 10, with dozens of large-cap stocks rising 5% or more. Those included several tech names that investors loved during the early stages of the coronvirus pandemic, along with cruise lines, credit-card lenders and chip-related …

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Elon Musk posts cryptic ‘X.com’ tweet, hinting at social media plans

Billionaire Elon Musk made a cryptic reference to his potential plans to launch his own social media platform on Tuesday night, depending on the outcome of his $44 billion legal battle with Twitter. Musk, who is attempting to back out of his agreement to buy Twitter due to concerns about spam bots, addressed the possibility …

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Auto makers warn most electric vehicles won’t qualify for federal tax credit

But the auto industry is warning that the vast majority of EV purchases won’t qualify for a tax credit that large. That’s mainly because of the bill’s requirement that, to qualify for the credit, an electric vehicle must contain a battery built in North America with minerals mined or recycled on the continent. And those …

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Bed Bath & Beyond stock set to snap longest win streak in 15 years after Baird analyst suggests it’s time to sell

Shares of Bed Bath & Beyond Inc. tumbled Tuesday, putting them in danger of their first decline in two weeks, after Baird analyst Justin Kleber suggested investors sell, saying the latest “meme stock frenzy” comes despite continued liquidity concerns. Baird’s Kleber turned bearish on the home goods retailer after its stock BBBY, -14.20% soared 39.8% …

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Here’s how your college football TV routine will change with Big Ten’s reported brewing media deal

It looks like the Big Ten is on the verge of finalizing its new media rights deal. And according to Sports Business Journal, ESPN won’t be a part of it. SBJ reported Tuesday morning that ESPN has pulled out of the negotiations. Without ESPN involved, the Big Ten’s deal is expected to include three entities: …

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Big Ten Reportedly Finalizing Media Rights Contract with Fox Sports, CBS, NBC

Michael Hickey/Getty Images The Big Ten is working toward an agreement on a media rights deal with Fox Sports, CBS and NBC, according to Sports Business Journal’s John Ourand and Action Network’s Brett McMurphy. The reports noted this would end a 40-year partnership between the Big Ten and ESPN. “If ESPN moves on from the …

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