Tag Archives: Media

For the moment, investors seem wildly optimistic about the new media company Donald Trump is forming. Shares of little-known Digital World Acquisition Corp. (DWAC) soared 350% in one day after the shell company said it was merging with a new Trump entity aiming to build a social-media platform, a streaming operation and more. That could be the peak, however. Trump obviously has a massive following, but it’s important to keep in mind that Trump’s popularity comes from his combativeness. He… Source link

Google is lowering commissions on all subscription-based businesses on the Google Play Store, the company announced today. Previously, the company had followed Apple’s move by reducing commissions from 30% to 15% on the first $1 million of developer earnings. Now, it will lower the fees specifically for app makers who generate revenue through recurring subscriptions. Instead of charging them 30% in the first year, which lowers to 15% in year two and beyond, Google says developers will… Source link

(Bloomberg) — The latest smash hit from the Korean entertainment world “Squid Game” is also proving popular with investors, who have been snapping up shares of at least two companies related to the thriller series. Most Read from Bloomberg A dramatized survival game in the vein of “Hunger Games,” the show currently tops the global rankings on Netflix Inc., and is the first Korean drama to claim the No. 1 spot in the U.S. on the service, according to data from streaming ratings firm… Source link

Private equity firm Apollo Global Management this morning announced that it has completed its acquisition of Yahoo (formerly known as Verizon Media Group, itself formerly known as Oath) from Verizon. The deal is worth $5 billion, with $4.25 billion in cash, plus preferred interests of $750 million. Verizon will be retaining 10% of the newly rebranded company. “This is a new era for Yahoo,” Yahoo CEO (and former VZM head) Guru Gowrappan said in a release tied to the news. “The… Source link

Private equity firm Apollo Global Management this morning announced that it has completed its acquisition of Yahoo (formerly known as Verizon Media Group, itself formerly known as Oath) from Verizon. The deal is worth $5 billion, with $4.25 billion in cash, plus preferred interests of $750 million. Verizon will be retaining 10% of the newly rebranded company. “This is a new era for Yahoo,” Yahoo CEO (and former VZM head) Guru Gowrappan said in a release tied to the news. “The close of… Source link

In this photo illustration, a Verizon Media logo seen displayed on a smartphone. Igor Golovniov | SOPA Images | LightRocket | Getty Images Apollo Global Management is preparing to close its $5 billion acquisition of Verizon Media on Sept. 1, and the private equity firm is already causing consternation among existing executives at the company soon to be known as Yahoo. Apollo hasn’t informed Verizon Media leadership, including Chief Executive Guru Gowrappan, of their new roles at the company… Source link

(Bloomberg) — Tencent Holdings Ltd. dived as much as 11% Tuesday after an offshoot of China’s official news agency decried the “spiritual opium” and “electronic drugs” of games, prompting the country’s largest corporation to declare the possibility of banning kids under the age of 12 from playing altogether. The twin developments stoked fears Beijing will next set its sights on online entertainment after reining in the e-commerce, ride-hailing and online education industries…. Source link

  Prince Harry and Meghan Markle are once again expanding their business and media empire — over one year after exiting the royal family. Riding the momentum from the couple’s blockbuster televised interview, Prince Harry confirmed that he’ll be publishing a memoir with Penguin Random House, set for a 2022 release date.  This week, Page Six reported that Harry is set to make at least $20 million upfront from the deal, although the royal said on Monday that he would be donating all proceeds… Source link

Euan Black Verizon Media has appointed Euan Black as Yahoo’s director of content for Australia and New Zealand. Black is currently head of news, sport and lifestyle at Yahoo Australia. In his new role, Black will lead all local editorial and video output for the Yahoo brands. In his nearly five-year tenure at Yahoo Australia, Black has achieved record growth for the news, sport and lifestyle brands with traffic up across all sites on average by 18% in the last year and the number of… Source link

WASHINGTON (Reuters) – A social media site launched on Sunday by Jason Miller, a senior adviser to former U.S. President Donald Trump, was briefly hacked, and more than 500,000 people have registered to use the site, Miller said. GETTR, a Twitter-style platform with posts and trending topics, has advertised itself on the Google and Apple app stores as “a non-bias social network for people all over the world.” “The problem was detected and sealed in a matter of minutes, and all the intruder was… Source link