What does Disney’s acquisition of 21st Century Fox have to do with the repeal of net neutrality?
Andrew McCollum, CEO of streaming service Philo TV, says that a deregulated internet environment will incentivize major distribution companies to get into the programming space.
“There no longer will be strong rules preventing them from leveraging their infrastructures to gain an advantage in the marketplace over potential competitors,” he said in an interview on Cheddar.
Expectations that the FCC would vote to roll back protections sparked protests from internet users and enterprises alike. When the decision came down, Netflix tweeted its disappointment, saying that the agency’s “misguided order” would be the beginning of a long legal battle.
McCollum, who spoke before the FCC voted, pointed out that the end of net neutrality gives consumers the short end of the stick.
“You just have to imagine a world where, if you’re using Comcast and you’re trying to access [its] NBC content, it works really well. [But] if you’re trying to watch Netflix, suddenly it’s really slow.”
For full interview [click here](https://cheddar.com/videos/the-fight-for-a-free-internet).
iFit CEO Kevin Duffy shares how the company is bringing artificial intelligence-powered workouts to consumers, plus other fitness trends to be on the lookout for in 2024.
Macy’s is rejecting a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn’t provide a viable financing plan. The firms offered $21 per share for the stock they don’t already own.
Sports Illustrated's employee union said in a statement that the layoffs would be a significant number and possibly all, of the NewsGuild workers represented.
CEO and founder of Pinstripes Dale Schwartz shares his thoughts on taking the company public, why they're set for growth this year, and why he's not concerned about inflation weighing on the restaurant sector.
With hype continuing to build for A.I. projects, expert insight on what companies seem poised to benefit, plus how it will impact the lives of everyday consumers.
Ford says it’s reducing production of the F-150 Lightning electric pickup vehicle as it adjusts to weaker-than-expected electric vehicle sales growth. The automaker said about 1,400 workers will be impacted by the move.
