Netflix retains the ability to match any Paramount offer moving forward, and WBD shareholders won’t vote on either bid until April.
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Shares of Barbie-maker Mattel plunged 25% on Wednesday following a massively disappointing after-the-bell earnings call the day before.
In December, DraftKings launched a predictions market platform of its own, turning the disruptors like Kalshi into direct competitors.
Earlier this month, Spotify’s monthly Premium subscription fee for US users went up $1 to $12.99 per month.
Paul Allen bought the Seahawks way back in 1997 for just $194 million. Nearly 30 years later, the franchise is worth some $6.6 billion.
Whoever gets named to the head job will have the tough job of turning Iger’s late-era ambitions into reality.
As a pure-play streamer that can’t fall back on, for instance, theme parks for its revenue, content is everything for Netflix.
The biggest wagers in the world of sports haven’t been placed on games via FanDuel or DraftKings but on media broadcast rights.
It’s easy to see how investors in vice stocks could develop a severe case of the spins from 2025 since their performance was rarely in sync.
Prediction markets may prove to be an even more lucrative opportunity than sports betting as Americans’ interest in wagers grows.
Holiday-season console sales haven’t been this soft since kids found original Sony Playstations under their Christmas trees back in 1995.
That puts the ball back in WBD’s court to reject Paramount’s offer for the eighth time if it chooses to stick with Netflix.
Can Kalshi and Polymarket become the massive, all-purpose financial vehicles envisioned by backers or will they be disrupted by regulators?
Some user-generated Sora videos will also make their way onto Disney+, and ChatGPT will become available to Disney employees.
The straight-to-shareholders pitch rests in part on the argument that a Paramount takeover is more appealing to regulators.
A potential tie-up would come at an interesting crossroads for the theatrical industry and its longtime nemesis, Netflix.