Disney plans to buy 21st Century Fox for $52 billion. The deal would give Disney access to a giant pool of content, just in time for the "Magic Kingdom" to take on Netflix and Amazon in the streaming industry.
Rob Marvin, Associate Features Editor at PCMag, explains what the Disney-21st Century Fox deal could mean for the digital media landscape. He says Netflix is too big to fail, but this deal would give Disney a major advantage in the streaming space.
ESPN also stands to benefit from the deal. If the deal goes through, Disney would then own Fox Sports and its various subsidiaries. Disney is planning on launching a new streaming service specifically focused on sports. ESPN Plus is supposed to launch in 2018.
Another busy day on tap for earnings is set for Tuesday as companies like Chipotle, Hertz and Royal Caribbean will report results.
Shake Shack unveiled its White Truffle burger and fries to its menu.
Google announced "Bard," its own chatbot, to compete with the increasingly-popular ChatGPT.
AMC announced a new ticket pricing tier based on where customers sit.
Pinterest saw shares plunge in after-hours trading after revenue fell shy of Wall Street estimates and gave a weak outlook for the current quarter.
Mario Veneroso, partner & wealth manager with Kingsview Asset Management, joined Cheddar News to discuss Monday's trading session following last week's Fed decision to hike rates as well as Friday's jobs data.
Kelley Long, CPA, personal finance specialist and certified financial planner, joined Cheddar News to offer tips on how people can protect themselves from tax-related scams during the filing season.
Alex Smereczniak, CEO of 2ULaundry & LaundroLab, joined Cheddar News to discuss the mobile laundry service company after raising a fresh $20 million in a Series B round.
Moviegoing at AMC theaters might be a bit more expensive — or cheaper — depending on where you want to sit.
A jury found that Elon Musk did not defraud Tesla investors with a 2018 tweet about taking the company private and that he had the financing to do so.
