NBA signs broadcasting deal with Disney, Amazon, Comcast worth $77 billion
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Amazon will beat earnings expectations: Citi
July 26, 2024 6:43 AM EDTCiti analysts project that Amazon's (NASDAQ: AMZN) second-quarter 2024 results, set to be announced on Thursday, August 1, will surpass consensus expectations for both revenue and operating income.
"We believe Amazon's 2Q24 results are likely to be better-than-consensus expectations across both revenue and Operating Income," Citi stated.
The positive outlook is driven by accelerating AWS demand and expanding profitability.
A key... More
Disney, Warner Bros launch ad-free streaming bundle for $30/month
July 25, 2024 10:29 AM EDTWalt Disney (NYSE: DIS) and Warner Bros. Discovery (NASDAQ: WBD) have joined forces to offer a new streaming bundle combining Disney+, Hulu, and Max.
The companies said in a press release on Thursday that the package, available now, aims to provide consumers with a vast... More
Warner Bros. Discovery downgraded by Macquarie as NBA rejects matching bid for rights
July 25, 2024 8:39 AM EDTWarner Bros. Discovery (NASDAQ: WBD) has been downgraded from Outperform to Neutral with a $9 price target by Macquarie analysts following the NBA's decision to reject WBD's matching bid for broadcast rights.
The firm deemed the NBA rights crucial to the future success of WBD's Max streaming service and now believes their loss could accelerate the downturn in WBD's linear networks.
Macquarie expressed significant concern over the implications of this... More
