Media and Telecoms Headlines

Fireworks explode over the Shanghai Disney Resort during a celebration...

Disney’s board needs some magic

Bob Iger has a knack for head-faking his way out the door. Last month he returned to lead Walt Disney with a primary task: find a replacement. Keeping him on point is going to require a stronger board.

FILE PHOTO: European premiere of

Disney offers an Iger solution to an Iger problem

Bob Iger isn’t really the reset that Walt Disney needs, but for now, he’s the reset the $180 billion media giant is getting. The company on Sunday announced its former chief executive officer – who previously had a 15 year tenure – is coming back to replace Bob Chapek, who took the reins from Iger less than three short years ago. The board is mandating that Iger set the strategic direction of the company and find his successor. This time, though, Iger’s legacy – and the board’s jobs – are on the line.

Taylor Swift poses on the red carpet for the 2022 MTV Europe Music Awards...

Ticketmaster shares spotlight with Taylor Swift

Ticketmaster has a pretty bad seat for the Taylor Swift show. The company owned by $17 billion Live Nation Entertainment canceled plans to hawk general admission to the pop star’s “Eras” tour – her first in five years – after a surge in pre-sale demand crashed its systems. The mess has attracted an audience of lawmakers booing Live Nation’s market power. It also risks tempting Swift to turn the spotlight on Ticketmaster.

Twitter employees are seen entering the offices in New York City, U.S.,...

Twitter gives big advertisers the excuse they need

Twitter’s new owner Elon Musk is making it too easy to hit the pause on ad spending. General Motors, Mondelez International, Pfizer and Interpublic Group are just some of the companies and agencies suspending their ad dollars on the social media network because of brand safety issues. Eli Lilly had to apologize on Thursday for a fake account – verified with a blue check no less – that tweeted out a message announcing free insulin. This latest chapter will be hard for Twitter to overcome.

Japan's SoftBank Group Corp Chief Executive Masayoshi Son attends a news...

SoftBank buyout goes from impossible to improbable

Masayoshi Son is in good shape, or so he re-assured investors on Friday as the SoftBank Group boss explained why he will no longer give his colourful quarterly earnings presentations. He talked at length, nonetheless, and can step back with a small dose of optimism.

Disney characters stand onstage at the 2022 Disney Legends Awards during...

Disney will solve its Netflix problem

Walt Disney boss Bob Chapek is knee-deep in the video-streaming money pit. The $182 billion entertainment empire reported on Tuesday that operating losses in the division housing its Disney+, ESPN+ and Hulu services ballooned another $1.5 billion in the quarter ending Oct. 1, bringing the fiscal year tally to $4 billion, or more than twice as much as the previous year. New subscribers keep signing up, too: Disney+ counts 164 million, a 39% jump from 12 months earlier. With investors now prioritizing costs over growth, however, Disney shares fell 10% in after-hours trading.

FILE PHOTO: President and CEO of Discovery David Zaslav speaks during the...

For your consideration: Warner-Discovery part two

David Zaslav is finding that big may not be big enough. The Warner Bros Discovery boss has encountered a series of problems since his splashy merger in April. Another deal with a similarly undersized peer might produce a rare sequel that improves on the original.

The Netflix logo is pictured on a television remote in this illustration...

Netflix has a wee bit of room to be smug

Netflix is fluffing it's feathers. The company co-founded by Reed Hastings snapped out of its subscriber losing streak, generating nearly $500 million in free cash flow after netting 2.4 million new subscribers in the third quarter. The reversal is a welcome change, and gives it a little bit of room to strut its stuff ahead of an impending price war.

The logo of SoftBank Group Corp is displayed at SoftBank World 2017...

SoftBank loses most from UK e-commerce flop

SoftBank Group is seeing the ugly side of the beauty business. The Japanese technology investor on Monday said it had agreed to sell its stake in UK e-commerce group THG for a mere $35 million, compared with an acquisition price in 2021 of more than $540 million. SoftBank was an eager supporter of the one-time tech darling. As well as participating in an equity raise, it took an option to buy 20% of THG unit Ingenuity at a $6.3 billion valuation, before the warehousing and payments business was even fully formed. THG is currently worth $725 million, compared with more than $10 billion last September.

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