Lorne Brown, CEO of SintecMedia, discusses Netflix's pivot away from movies and towards TV shows. Brown also touches on Fox News's new streaming service, Fox Nation, and how media companies are planning to contend with the duopoly of Google and Facebook.
Brown says Netflix is focusing on its strengths and thinks this pivot is a smart move. He says Netflix only needs to have a few hit movies every year to be considered a success.
Brown also explains there's plenty of room for Fox Nation, Fox News's new standalone streaming service. He says it's a way for Fox News to expand its audience.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
Bristol Myers Squibb agreed to buy schizophrenia drug maker Karuna Therapeutics in a $14 billion deal.
Supermarket chain Ralphs is facing a new lawsuit from the state of California.
Shake Shack is giving out free fried chicken sandwiches, bacon cheese fries and milkshakes nationwide.
The IRS is announcing a voluntary disclosure program.
Lionsgate announced its studio division is going to spin off in a merger with Screaming Eagle Acquisition Corp., which is a special purpose acquisition company.
A new report suggests that it's getting more difficult for an average American to afford a home.
The Food and Drug Administration warned consumers about a copycat version of the diabetes drug Ozempic.
Tesla is reportedly moving forward with its plan to make energy shortage storage batteries in China.
Wells Fargo employees at a branch in New Mexico have voted to unionize.
