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Business

“Disney Cuts More Jobs as Company Struggles”

“…Disney has been struggling recently, which has included several Disney titles that were deemed box office flops in 2023—including Pixar’s Elemental—declining linear TV viewership and an uneven transition into a streaming future. The entertainment behemoth has been hemorrhaging money through its Disney+ streaming… Continue Reading…

Business

“Streaming Was Supposed to Rescue the Ailing TV Ad Business. It Hasn’t.”

“…The move marks an important inflection point. TV commercials have long stood as the cornerstone of modern advertising. This dominance was owed, in part, to TV’s capacity to reach vast and diverse audiences through ads that leverage sound, sight and… Continue Reading…

Business

“Walmart to buy TV maker Vizio for $2.3 billion in move to grow its ad business”

“Walmart has agreed to buy TV maker Vizio, the companies announced Tuesday, as the largest U.S. retailer grows its high-profit ad business. Walmart will acquire Vizio for $2.3 billion, or $11.50 per share, in cash. The big-box retailer announced the acquisition as it reported… Continue Reading…

Business

“Juul replaces CEO and stops all advertising as vaping crisis escalates”

“The CEO of Juul is out, as a growing number of vaping-related deaths and threats of federal regulation present a monumental challenge for the e-cigarette company. Juul announced Wednesday that CEO Kevin Burns will be replaced by K.C. Crosthwaite, who… Continue Reading…

Business, Economy

“Apple TV+ spending more than $6 billion on new shows, plans to launch before Disney+: report”

” Apple Inc. AAPL, +1.60% has committed to spending more than $6 billion on original content for its upcoming streaming-video service, which it expects to launch within two months, the Financial Times reported Monday. … Bloomberg News report Monday said Apple is weighing a price of $9.99… Continue Reading…