Comcast Fires 500 Employees, Tax Cut Worthless?
Just before Christmas, Comcast (NASDAQ:CMCSA) was in a group of companies that supported the new tax cuts, stating that it would create thousands of jobs. During that same time, however, the telecommunications company let go ... [Read]
Comcast Increases Its Prices to Remain Competitive – Did It Work?
Comcast Corp. (NASDAQ:CMCSA) has recently announced several price increases that will be occurring in 2018 or have already occurred in the hopes of remaining competitive with low-cost streaming services like those provided by Netflix (NASDAQ:NFLX) ... [Read]
Spotify Being Sued for $1.6 Billion Over Song Licensing – What is this Doing to the Market?
Spotify (private) has just been hit with a $1.6 billion lawsuit, filed by Wixen Music Publishing claiming that Spotify has been using thousands of its artists’ songs without the proper licensing to do so. This ... [Read]
Netflix CEO to Be Showered with $28.7M Worth of Stock Options in 2018
It has been announced that Netflix, an immensely popular streaming service, will reward its current CEO, Reed Hastings, with more stock options in 2018. There was a public filing issued yesterday in which it was ... [Read]
Sony Rumored to Re-launch Aibo & Tap AI: A Gamechanger?
Nearly 11 years after Sony Corporation (NYSE:SNE) pulled the plug on Aibo, the robotic dog, everyone loved, is about to make a dramatic comeback as a smart-home assistant per the Nikkei Asian Review. The report suggests ... [Read]
Is Disney the Real Winner in a Deal With 21st Century Fox?
A deal that would see the Walt Disney Company (NYSE:DIS) purchase a substantial amount of 21st Century Fox’s (NYSE:FOXA) assets is all but done, according to multiple reports from sources inside the meeting rooms. Now, ... [Read]
Comcast Blames Users for the Pop-Ups It’s Sending
Comcast (NASDAQ:CMCSA) appears to be putting JavaScript code into the websites that are visited by its customers. This isn’t the first time that this has happened, and it seems that it’s already happening again – ... [Read]
Twenty-First Century Fox Shares Increase On Reports That it is Selling to Disney
Interested in the entertainment sector? If so, you might get a kick out of today’s news. On Tuesday, reports surfaced that Twenty-First Century Fox (NASDAQ:FOX) will disclose the sale of parts of its entertainment company ... [Read]
Fox Sports Set To Lay Off Employees With NFL Downfall
Fox Sports (private) budget cuts are lingering as they have lost millions of dollars in lost advertising revenue from the NFL within the last two season. Fox Sports’ Los Angeles employees are currently preparing and ... [Read]
Celebrities Take to Twitter to Critize SiriusXM for Adding Steve Bannon to Radio Show
Last Tuesday, SiriusXM (NASDAQ:SIRI) announced that Steve Bannon, who was President Trump’s chief sta strategist, is set to be a host on the “Breitbart News Daily” radio show. To no surprise, Bannon’s return sparked a ... [Read]