General Motors Co. GM, +5.60% electric vehicles will appear in some Netflix Inc. NFLX, +1.35% shows and films, which the companies said reflects “society’s increasing excitement about an all-electric future.” GM Global Chief Marketing Officer Deborah Wahl said in a press release that “we want to make EVs famous on streaming, small and silver screens … Read more
Coming soon: Netflix and chill-on-sharing-your-password. Netflix NFLX, +1.35% once pivoted from being a DVD delivery company to becoming a video streaming giant. And more changes are on the way for the streaming service as it faces growing competition from rivals like HBO Max WBD, +3.65% and Disney+ DIS, +3.49%. Now, Netflix is shifting from seemingly … Read more
Non-fungible tokens registered $941 million in trading volume in January 2023, up 38% from December, and the highest on record since June 2022, according to a Feb. 2 report by DappRadar, which tracks and analyzes the activity of NFT marketplaces. Non-fungible tokens, which provide proof of ownership of a digital asset like online artwork, surged … Read more
For film, television and theater stars, there can be no greater achievement than winning an acting award — say, an Oscar, Emmy or Tony. But the matter of gender has been inextricably tied to these industry honors in the form of separate categories for best actor and best actress. Now, in an era of growing … Read more
Alphabet Inc. investors are probably breathing a little easier ahead of the company’s Thursday afternoon earnings report, all thanks to Facebook. There was some anxiety about the state of digital advertising heading into this earnings season, and Snap Inc. SNAP, -10.29% didn’t help matters by delivering a gloomy forecast Tuesday. But Facebook parent Meta Platforms … Read more
Madison Square Garden has tapped a high-profile spin doctor to help its chairman, James Dolan, deflect criticism of his use of facial-recognition technology. Background: James Dolan defends facial-recognition policy as lawyers sue Madison Square Garden owner: ‘Please don’t come’ Dolan hired former Trump White House communications director Hope Hicks as a consultant at what’s been … Read more
Meta Platforms Inc. changed its narrative in a big way this week, and that’s resonating on Wall Street. Three months ago, Chief Executive Mark Zuckerberg and his leadership team sounded fairly defiant as they laid out big spending plans despite economic angst, an attitude that helped send shares toward one of their worst days on … Read more
U.S. stock futures were pointing to a stronger start Thursday, buoyed by upbeat results from Facebook parent Meta Platforms as well as the after-glow from Federal Reserve Chair Jerome Powell’s press conference. What’s happening Dow Jones Industrial Average futures YM00, -0.16% fell 45 points, or 0.1%, to 34103. S&P 500 futures ES00, +0.48% gained 20 … Read more
Sony Group Corp.’s third-quarter net profit fell 5.6% from a year earlier due to weaker earnings from its movie business, it said Thursday. The Japanese electronics and entertainment company SONY, +0.10% 6758, +0.17% said that net profit for the quarter ended Dec. 31 fell to 326.81 billion yen ($2.53 billion) from Y346.16 billion a year … Read more
Pinterest Inc. reportedly laid off about 150 workers Wednesday, becoming the latest tech company to cut jobs amid economic worries. Bloomberg News reported the cuts affect less than 5% of Pinterest’s workforce, and came across multiple teams. “We’re making organizational changes to further set us up to deliver against our company priorities and our long-term … Read more