One of the few ways, Target can fight Amazon is to recruit allies. Predictably, Target is partnering with Disney (NYSE: DIS) for an anti-Amazon offensive.Read more
That makes WWE a pretty good metric for other traditional entertainment companies that are trying to transition to digital-content providers. We might be seeing the future of companies as diverse as TV networks like CBS (NYSE: CBS) and movie studios like Lionsgate Entertainment Group (NYSE: LGF.A) at WWE.
The advantages of this business model are that the WWE can generate cash flow without having to pander to advertisers.Read more
This is bad; Time Warner cannot monetize one of the biggest superhero franchises in the universe, while Disney can make money off of junk-pop culture properties. To add the nightmare, owning Fox would give Disney many more properties to exploit; including X-Men, Buffy the Vampire Slayer, Deadpool, The Simpsons, and Planet of the Apes.Read more
The cash from financing raises some serious questions about some of the other numbers in Netflix’s second quarter earnings report which don’t add up. First there’s the income of $362.09 million; if Netflix lost $1.9 billion from its operations – where did that come from?
The cynic in me will say from borrowing, which means it is not income. Funds that you borrow have to be paid back or written off at some point. That goes doubly so for the kind of money Netflix is probably borrowing; namely corporate paper or private equity.Read more
History shows us that new technology is often used as a scapegoat for political failures. It also gives Zuckerberg reason to worry and act; and act he is by launching an effort to purge Facebook of fake news stories. Those stories give Facebook’s critics some circumstantial evidence to justify their attacks on free speech.Read more
Netflix (NASDAQ: NFLX) is proving that there is a vast market for digital entertainment out there. Unfortunately the streaming serviceRead more
All Netflix appears to be doing is running a distribution system for other entertainment companies. One has to wonder how long this can go on. There’s no way Netflix can keep it up with $850 million operating losses.Read more