Netflix stands to haul in big bucks over the next few years from the launch of its first ad-supported tier, estimates JPMorgan. Analyst Doug Anmuth estimated in a new note on Monday Netflix could drive 7.5 million subscribers to its ad-supported tier in its US/Canada segment in 2023. That alone will help drive $600 million in advertising sales in 2023 for the segment. Anmuth expects those numbers to swell by 2026 as Netflix’s execution on selling ads improves. By 2026, Anmuth thinks Netflix’s… Source link
Read More »Nevada sportsbooks net record Super Bowl haul
The legalization of sports betting across the country didn’t stop people from wagering a record amount of money on the Super Bowl this year. Nevada’s Gaming Control Board said Monday that nearly $180 million was wagered on the Los Angeles Rams’ 23-20 win over the Cincinnati Bengals. The $179.8 million wagered is a state record and easily eclipses the previous record set four years ago. The 2022 Super Bowl was essentially the first mainstream sports betting Super Bowl in American history…. Source link
Read More »Australia’s Wright launches lawsuit over $5.7 billion bitcoin haul
By Kirstin Ridley LONDON (Reuters) – An Australian computer scientist who alleges he created bitcoin has launched a London High Court lawsuit against 16 software developers in an effort to secure bitcoin worth around 4 billion pounds ($5.7 billion) he says he owns. In a case that was promptly labelled “bogus” by one defendant, Craig Wright is demanding that developers allow him to retrieve around 111,000 bitcoin held at two digital addresses that he does not have private keys for. In his second… Source link
Read More »Google’s Advertising Haul Comes Up Short for First Time
The global pandemic dealt a rare losing hand to Google’s venerable digital advertising operation, pushing quarterly revenue down compared with a year earlier for the first time in company history. The search-engine giant posted a $2.6 billion drop in advertising for the second-quarter from a year earlier, as some of Google’s biggest advertisers, including travel companies and consumer brands, cut back on spending in the face of economic uncertainty. … Source link
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