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AT&T Shed Media Assets in 2021. This Year It Wants to Add Investors.
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General Motors 90-year streak as top US car seller ends
US car giant General Motors has lost its title as America's top car seller for the first time in 90 years.
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Huawei suffers biggest-ever decline in revenue after US blacklisting
Chinese smartphone maker’s earnings fall 29% as sanctions imposed by Washington choke off supply of parts
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Square to acquire Afterpay for $29bn as ‘buy now, pay later’ booms
Jack Dorsey’s deal in fast-growing fintech sector is largest in Australia’s history
Latest Business
Trump CFO Allen Weisselberg Has Been Helping His Boss Lie For Years
There’s probably no one who knows the truth about Trump’s finances better than Allen Weisselberg. Not that he has always told it.
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TikTok Names ByteDance Finance Chief As New CEO
Shou Zi Chew to retain post at TikTok’s parent company
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Obi-Wan, She-Hulk and a new Pinocchio: Disney+ is about to get a lot bigger, and more expensive
Disney will beef up its original content library with reboots and spinoffs
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Hulu Gets Sidelined in Disney’s Global Streaming Ambitions
Disney executives are nervous about how much they will owe Comcast if its streaming service for adults grows much bigger.
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Microsoft's offer to buy US TikTok is rejected
The deal represents a symbolic loss for Satya Nadella’s Microsoft, which has an advertising business that Nadella once worked on.
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Donald Trump Signs Executive Order Banning Transactions With TikTok Parent Starting In 45 Days
U.S. President Donald Trump issued executive orders on Thursday banning any U.S. transactions with ByteDance, the Chinese company that owns video-sharing app TikTok, and Tencent, owner of the WeChat app, starting in 45 days.
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Happiest place on Earth? Only if you’re Bob Iger! Disney stops paying 100,000 workers while top exec takes 3% pay cut
The Walt Disney Company has said it will stop paying nearly half of its workforce this week. Disney theme parks and hotels have been shut in Europe and the US for almost five weeks due to worldwide Covid-19 lockdowns.
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How Bob Iger Unified Disney’s New Magic Kingdom
The ex-chief executive of Walt Disney Co. cast himself in the role of a brand manager as he amassed a stable of beloved characters ranging from Princess Leia to Bart Simpson
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Ariana Grande Sues Forever 21 for $10 Million
Forever 21 has not publicly responded to the lawsuit.
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Disney revealed the details of its Netflix rival, Disney Plus, including its price and release date
Disney gave a look at some of the original TV shows and movies that will be on Disney Plus during the event on Thursday.
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Disney reveals when Disney+ will launch, what it will cost
But Disney Plus will be able to draw upon a library of revered films dating back several decades while it also forges into original programming.
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Ariana Grande, Starbucks share love of clouds – and new Cloud Macchiatos
Move over, regular Macchiatos.
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Disney details overarching direct-to-consumer plan possible through Fox deal
Disney CEO Bob Iger positioned his company's acquisition of Fox's TV and movie businesses as a way for the company to prepare for a future in which streaming and direct-to-consumer dominate media consumption, on a conference call this morning to discuss the $52 billion deal.
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It's official: Disney is acquiring Fox's film and TV divisions for $52.4 billion
- Bob Iger will remain Disney's chairman and CEO through the end of 2021.
- The Disney-Fox deal will give Disney more content when it launches its own streaming service.
- Netflix may lose more content, but the company has already made moves to create more of its own content.
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