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Disney Reportedly Pulls Plug On Metaverse Dreams Amid Harsh Reality Of Cost-Cuts
Tuesday, March 28, 2023 - 5:20am | 380Walt Disney Co. (NYSE: DIS) has pulled the plug on one of its units engaged in developing metaverse strategies, as part of its plan to reduce headcount. What Happened: Disney shuttered its metaverse business that was operating as the "storytelling and consumer experiences unit,"...
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AT&T And DirecTV Merger Is 'Bad For All Consumers'
Tuesday, May 20, 2014 - 10:30am | 613AT&T (NYSE: T) plans to purchase DirecTV (NASDAQ: DTV) for $48.5 billion. In a press release, both companies brag that it will create a "content distribution leader" across mobile, video and broadband. AT&T Chairman and CEO Randall Stephenson referred to the merger as a "unique...
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Speculation Continues About Dish/DirecTV Merger
Thursday, March 27, 2014 - 12:30pm | 619According to the Los Angeles Times, speculation about a merger between satellite broadcast companies Dish Network (NASDAQ: DISH) and DirecTV (NASDAQ: DTV) pops up about once every six months or so. Based on these rumors, the Times said, Dish and DirecTV stocks get a boost...then time passes,...
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DirecTV Boss Takes Dim View Of Comcast/TWC Merger
Friday, February 21, 2014 - 12:36pm | 581The battle is joined, as they say. DirectTV (NASDAQ: DTV) CEO, Mike White has stated his position regarding the proposed merger between cable companies Comcast (NASDAQ: CMCSA) and Time Warner Cable (NYSE: TWC). That position, as might be expected, is a negative one. On a conference call...
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Verizon Could Announce OnCue Deal This Week, Say Sources
Monday, December 16, 2013 - 10:42am | 595Recent industry chatter about the possibility of streaming only cable may have been more than idle chatter. Sources told Bloomberg Friday that Verizon Communications (NYSE: VZ) was close to a deal with Intel (NASDAQ: INTC) to buy its OnCue Internet based pay-tv service. According to Bloomberg’s...
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Merger Speculation Increases For Both Dish And Charter Following Losses (CHTR, DISH)
Wednesday, August 7, 2013 - 1:06pm | 581Nothing ramps up merger speculation faster than a poor quarter. Dish Network (NYSE: DISH) and Charter Communications (NASDAQ: CHTR) both reported second-quarter losses Tuesday which Bloomberg said resulted in renewed Wall Street chatter about possible mergers in both companies’ futures. In both...