Formula One Group: F1 viewership soars, but its stock poses risks for investors

Interest in Formula 1 — the world’s most popular racing series — has skyrocketed in recent years. Formula One Group (NASDAQ:FWONA) — which oversees development and promotion — is raking in the sponsors. Bringing Formula One back to life F1 viewership had been falling fast since 2008. Then Liberty One Media acquired Formula One in…

Read more

Netflix is dealing with a big unsubscribe problem, but one analyst has a different view

Netflix disrupted TV with a streaming service that offered zero ads and practically invented binging with full-season releases. But desperate times call for desperate measures — even if that means going against your core beliefs and backtracking those decisions. Netflix has a big unsubscribe problem… By the end of April, 23% of new Netflix subscribers…

Read more

World Wide Entertainment stock in question over misconduct scandal

We all knew WWE matches were staged, but they were still entertaining as hell. The real theatrics were behind the scenes, though. Misconduct allegations have emerged on CEO Vince McMahon — and the story got even wilder this week… McMahons keeping WWE in the family WWE has largely stayed a family business since McMahon bought…

Read more

Netflix’s advertising plans could benefit adtech stocks

Netflix plans to launch its ad-supported tier by the end of 2022, and to get there, it’s reportedly looking for an advertising partner that could reduce the investment and time needed. This has led to wild acquisition and partnership rumors in recent weeks. Insider surfaced rumors of a potential Roku (NASDAQ:ROKU) acquisition by Netflix —…

Read more

Rumors: Roku employees manifesting a Netflix acquisition

Rumors are swirling among employees at streaming service provider Roku (NASDAQ:ROKU) about a potential acquisition by Netflix (Insider). The speculation was enough to send Roku’s stock up 9% yesterday. What’s the big deal? Netflix is moving into ads — and Roku has the team and experience to do that. In the first quarter, Roku made…

Read more

What does Warren Buffett see in Paramount Global?

Every media giant’s playbook: grow through mergers and acquisitions (M&A), expand the content library and launch a streaming service. 2022 is proving to be a poor time to enter the industry — with the death of CNN+ and the implosion of Netflix’s stock. Despite the risks, the industry has caught the attention of one well-known…

Read more

Warner Bros Discovery rides tough streaming market

Warner Bros Discovery (NASDAQ:WBD) started its first month as its own publicly-traded company in a highly unfavorable market for streamers. $WBD fell 7.7% after reporting earnings yesterday — lowering its 2022 earnings forecast. What’s the big deal? Warner Bros Discovery is the product of a merger between media giants WarnerMedia and Discovery, Inc. — which…

Read more

Netflix tanks on first net subscriber loss in a decade

Yesterday, Netflix (NASDAQ:NFLX) reported first-quarter earnings, which confirmed a slowdown in streaming services — sending its stock down 25% in after-hours trading. What’s the big deal? Inflation is taking its toll on consumers — and non-discretionary goods like streaming are one of the first to go: 35% of Americans have already cut services, and 1.5M…

Read more

Meet the new data-driven Disney run by Bob Chapek

Bob Chapek, Disney’s new CEO, is trying to break out from the shadows of his predecessor, Bob Iger — but it has been a challenging first two years. The succession story at Disney In his 47 year tenure, Bob Iger took Disney (NYSE:DIS) to new heights with several successful acquisitions (Pixar, Marvel, Lucas film) and…

Read more

Roku: The Trojan Horse of streaming

Yesterday, Roku — the streaming device provider — reached a deal to keep Youtube on its platform. What’s the big deal? Roku and Youtube were disputing for months on what terms to include Youtube’s services inside Roku’s devices. Roku’s POV: Youtube wanted unfair terms like prioritized search results. Youtube’s POV: Roku used its market power…

Read more