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.
Ryan Lupberger, Sustainability Pioneer and CEO of Cleancult, joins 'Cheddar Reveals' to break down how Cleancult is redefining cleaning products and solutions to reduce their impact on the planet.
On this episode of 'Cheddar Reveals', Lydia McMullen-Laird and Samuel McMullen, co-founders of Live Zero Waste, discuss the sum of humanity's 'trash addiction' and lifestyle changes people can make to help reduce their individual trash output; Ryan Lupberger, Sustainability Pioneer and CEO of Cleancult, breaks down how Cleancult is redefining cleaning products and solutions to reduce their impact on the planet; Cheddar gets a look at Curiosity Stream's 'Going Circular.'
Payment processor Paypal will roll out a Venmo option for Amazon customers beginning in 2022 as the payment app continues to grow the number of merchants it works with.
Rental car company Hertz is jumping up from OTC trading to the Nasdaq after being delisted from the NYSE and undergoing bankruptcy in 2020. Interim CEO Mark Fields and Tom Wagner, co-founder and managing member at Knighthead Capital Management, joined Cheddar's "Opening Bell" to talk about reviving the business and how it plans to navigate issues like the ongoing car shortages. Regarding the electrification of the rental fleet, Fields noted that the company is looking to partner across the EV industry outside of the announced relationship with Tesla. The company is now trading under the ticker symbol HTZ.
The U.S. economy added 531,000 jobs in the month of October, painting a better picture of the economy that analysts had expected. Jared Bernstein, Council of Economic Advisers Member for President Biden joined Cheddar's Opening Bell to discuss.
Facebook officially announced that it is shutting down its facial recognition software which identifies users in photos and videos. The decision comes during growing societal concerns over the use of the technology. Cathy Hackl, Tech futurist and CEO of the Futures Intelligence Group joined Cheddar's Opening Bell.
Christine Short, VP of Research at Wall Street Horizon, discusses revenue growth of the theater chain given the uptick in ticket sales and what to expect ahead of the company's Q3 earnings.
AMC entertainment has third quarter earnings after the bell November 8. The movie theater chain is expected to post a quarterly loss of $0.53 per share, with revenue at just over $717 million. This quarter last year, AMC lost $5.70 per share, after reporting revenue of $119 million. Claire Atkinson, chief media correspondent at Insider, tells Cheddar what to expect from AMC earnings and what it says about the movie theater industry's recovery from the pandemic.
