Discovery's acquisition of Scripps Networks is now complete and the company has rebranded as Discovery, Inc. Cheddar CEO Jon Steinberg spoke with the company's CEO David Zaslav on what the deal means for the company's position in entertainment.
"We own all of our content globally," he told Cheddar. "But we'll resell that IP onto different devices. We might be selling it to Facebook, to Amazon, to Apple, to the mobile players."
Through this deal Discovery, Inc. now reaches 20 percent of women watching prime time pay-TV. "People are consuming more content than they ever have," says Zaslav. "The real question is, aside from the traditional ecosystem, who is going to be dominant? Who is going to have a strong seat at the table when it comes to content that is consumed on all these other platforms?"
Zaslav says the bigger play for Discovery is taking Scripps' IP around the world to reach consumers when and where they view content.
U.S. inflation ticked down again last month, with cheaper gas helping further lighten the weight of price increases in the United States.
KinectAir is allowing customers to book short-duration flights on a private aircraft at a moderate price.
Taco Bell brought back the beloved double-decker taco just in time for the holidays.
Google has lost a federal antitrust case against its Android App Store.
Ford is going to cut planned production of its F-150 Lightning electric pickup truck nearly in half next year.
Attorneys for Gov. Ron DeSantis are asking a federal judge on Tuesday to dismiss a free speech lawsuit filed by Disney after the Florida governor took over Walt Disney World's governing district in retaliation for the company opposing a state law that banned classroom lessons on sexual orientation and gender identity in early grades.
Stocks were generally flat after the latest inflation reading showed consumer prices rose in line with estimates.
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