When former president Jimmy Carter left office, his peanut business was $1 million in debt

When President Jimmy Carter left the White House in 1981, he was 56 years old and deep in debt. His peanut business, which sold certified seed peanuts and other farm supplies, was $1 million in the red by the time he finished his term, The Washington Post reports. When he left office in debt, “we thought we were going to lose everything,” Carter’s wife Rosalynn told the Post. Forced to sell the company, Carter started writing books to generate income. In 2017, Carter got more than $230,000 in su


When President Jimmy Carter left the White House in 1981, he was 56 years old and deep in debt. His peanut business, which sold certified seed peanuts and other farm supplies, was $1 million in the red by the time he finished his term, The Washington Post reports. When he left office in debt, “we thought we were going to lose everything,” Carter’s wife Rosalynn told the Post. Forced to sell the company, Carter started writing books to generate income. In 2017, Carter got more than $230,000 in su
When former president Jimmy Carter left office, his peanut business was $1 million in debt Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: kathleen elkins
Keywords: news, cnbc, companies, president, peanut, debt, reports, wife, jimmy, office, million, writing, white, left, carter, farm, business


When former president Jimmy Carter left office, his peanut business was $1 million in debt

When President Jimmy Carter left the White House in 1981, he was 56 years old and deep in debt.

His peanut business, which sold certified seed peanuts and other farm supplies, was $1 million in the red by the time he finished his term, The Washington Post reports. Carter had been managing the family-owned peanut farm, warehouse and store in Plains, Georgia, since his dad died in 1953, but when he became president, he put it into a blind trust to avoid conflicts of interest.

When he left office in debt, “we thought we were going to lose everything,” Carter’s wife Rosalynn told the Post.

Forced to sell the company, Carter started writing books to generate income. Today, the 94-year-old has published more than 30, from a children’s book to reflections on his presidency.

As a former president, he also receives an annual pension of about $210,000 and an allowance for things like travel, office space and other expenses. In 2017, Carter got more than $230,000 in such allowances, the National Taxpayers Union Foundation reports.


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: kathleen elkins
Keywords: news, cnbc, companies, president, peanut, debt, reports, wife, jimmy, office, million, writing, white, left, carter, farm, business


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Netflix says it can spend more on its own shows now that it’s not paying for ‘The Office’ and ‘Friends’

Yes, Netflix is losing “The Office” and “Friends” in the next two years. On Wednesday, Netflix released its second quarter earnings report, noting that losing these costly programs will free up the company’s budget and allow it to spend more on its own original content. According to Streaming Observer, Netflix users watch about 164 million hours of content on the streaming service each day, or about 5 billion each month. To put that into context, that’s about 60 billion hours of content in a yea


Yes, Netflix is losing “The Office” and “Friends” in the next two years. On Wednesday, Netflix released its second quarter earnings report, noting that losing these costly programs will free up the company’s budget and allow it to spend more on its own original content. According to Streaming Observer, Netflix users watch about 164 million hours of content on the streaming service each day, or about 5 billion each month. To put that into context, that’s about 60 billion hours of content in a yea
Netflix says it can spend more on its own shows now that it’s not paying for ‘The Office’ and ‘Friends’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: sarah whitten
Keywords: news, cnbc, companies, shows, office, content, million, service, netflix, paying, friends, hours, billion, spend, original, streaming, watched


Netflix says it can spend more on its own shows now that it's not paying for 'The Office' and 'Friends'

Yes, Netflix is losing “The Office” and “Friends” in the next two years. But that may not be a bad thing for the streaming company.

On Wednesday, Netflix released its second quarter earnings report, noting that losing these costly programs will free up the company’s budget and allow it to spend more on its own original content.

“Much of our domestic, and eventually global, Disney catalog, as well as ‘Friends,’ ‘The Office,’ and some other licensed content will wind down over the coming years, freeing up budget for more original content, ” the company wrote in a statement Wednesday.

As Netflix’s competitors gear up to launch their own streaming services, Netflix could feel the pressure. The loss of content and rising competition are major factors in Netflix’s decision to bolster its lineup of shows that can’t be seen on any other platform.

The company paid $100 million to stream “Friends” and was willing to pay up to $90 million to hold onto the rights for “The Office.” Not to mention, it was spending about $150 million for content from Disney.

“We don’t have material viewing concentration as even our largest titles (that are watched by millions of members) account for only a low single digit percentage of streaming hours,” the company said. “From what we’ve seen in the past when we drop strong catalog content (Starz and Epix with Sony, Disney, and Paramount films, or 2nd run series from Fox, for example) our members shift over to enjoying our other great content. ”

“The Office” has been a staple on Netflix, and was far and away the most streamed show on the service in 2018, according to data from Nielsen. Viewers streamed more than 52 million minutes of the show that year – 20 million more than the second-most watched show, “Friends.”

According to Streaming Observer, Netflix users watch about 164 million hours of content on the streaming service each day, or about 5 billion each month. To put that into context, that’s about 60 billion hours of content in a year.

So, even though “The Office” was the most watched show, it accounted for far less than a percent of the total hours customers spent watching Netflix in 2018.

Netflix has been prolific in adding new original content to its streaming service, it far and away exceeds what its competitors release each year. In 2019, Netflix was rewarded with 117 Emmy Award nominations for its original content including “When They See Us,” “Nailed It,” “Dead to Me” and “Russian Doll.”

Netflix has been burning through cash over the last decade to add more. Guillermo del Toro ( “Shape of Water”), Ryan Murphy (“Glee”) and Shonda Rhimes (“Grey’s Anatomy”), among others, have been hired to create unique content only available on the streaming service. In some cases, these contracts span several years and are said to be worth hundreds of millions of dollars.

Last year, Netflix shelled out more than $12 billion to purchase, license and produce content. This year, that figure will rise to $15 billion. It will spend $2.9 billion more on marketing.


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: sarah whitten
Keywords: news, cnbc, companies, shows, office, content, million, service, netflix, paying, friends, hours, billion, spend, original, streaming, watched


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Europe will reportedly launch a major probe into Amazon’s business practices in days

The European Union’s antitrust chief is planning to open a formal investigation into Amazon in coming days, Bloomberg reported Tuesday, citing sources familiar with the case. The investigation itself does not come as a surprise, as EU Competition Commissioner Margrethe Vestager had already launched a preliminary probe into Amazon in September and was expected to announce whether a full probe would take place. The preliminary investigation focused on how Amazon uses data on its third-party mercha


The European Union’s antitrust chief is planning to open a formal investigation into Amazon in coming days, Bloomberg reported Tuesday, citing sources familiar with the case. The investigation itself does not come as a surprise, as EU Competition Commissioner Margrethe Vestager had already launched a preliminary probe into Amazon in September and was expected to announce whether a full probe would take place. The preliminary investigation focused on how Amazon uses data on its third-party mercha
Europe will reportedly launch a major probe into Amazon’s business practices in days Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: lauren feiner
Keywords: news, cnbc, companies, days, office, probe, business, investigation, vestagers, european, reportedly, reported, vestager, preliminary, practices, amazon, major, launch, amazons, europe, data


Europe will reportedly launch a major probe into Amazon's business practices in days

The European Union’s antitrust chief is planning to open a formal investigation into Amazon in coming days, Bloomberg reported Tuesday, citing sources familiar with the case.

The investigation itself does not come as a surprise, as EU Competition Commissioner Margrethe Vestager had already launched a preliminary probe into Amazon in September and was expected to announce whether a full probe would take place. The preliminary investigation focused on how Amazon uses data on its third-party merchants that sell through Amazon.

Vestager explained the key questions she had about Amazon’s business model in a September interview with CNBC.

“They host a lot of little guys, and at the same time, they’re a big guy in the same market,” Vestager said. “So how do they treat the data that they get from the little guy? Does that give them an advantage that cannot be matched?”

The probe follows a crackdown on Big Tech under Vestager’s time in office. During her term, the European Commission has slapped Google with a combined $9.5 billion in antitrust fines since 2017 and authorities across the region have scrutinized Apple and Facebook for their competition and data practices. The reported Amazon investigation follows news that Vestager’s office plans to fine Qualcomm more than $1 billion for allegedly trying to prevent other chipmakers from gaining business from Apple, according to Bloomberg.

A spokesperson for the European Commission declined to comment. Amazon and did not immediately return a request for comment.

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Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: lauren feiner
Keywords: news, cnbc, companies, days, office, probe, business, investigation, vestagers, european, reportedly, reported, vestager, preliminary, practices, amazon, major, launch, amazons, europe, data


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Microsoft says its Teams app is bigger than Slack and growing faster

Tobias Schwarz | AFP | Getty ImagesMicrosoft’s answer to the trendy team chat app Slack has exceeded Slack in regular usage after only two years on the market. Slack, whose app became publicly available in 2014, no longer discloses that figure; in 2017 it said there were 9 million weekly active Slack users. A chart Microsoft released suggests that Teams is growing faster than Slack in terms of daily users, despite being larger. Using email properlySince March 2017, Microsoft has included Teams i


Tobias Schwarz | AFP | Getty ImagesMicrosoft’s answer to the trendy team chat app Slack has exceeded Slack in regular usage after only two years on the market. Slack, whose app became publicly available in 2014, no longer discloses that figure; in 2017 it said there were 9 million weekly active Slack users. A chart Microsoft released suggests that Teams is growing faster than Slack in terms of daily users, despite being larger. Using email properlySince March 2017, Microsoft has included Teams i
Microsoft says its Teams app is bigger than Slack and growing faster Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: jordan novet
Keywords: news, cnbc, companies, office, growing, users, microsoft, app, jha, business, email, group, bigger, faster, slack, team, teams


Microsoft says its Teams app is bigger than Slack and growing faster

Microsoft CEO Satya Nadella speaks at a fireside chat with the CEO of German carmaker Volkswagen (unseen) where they unveiled their cooperation for the Volkswagen Automotive Cloud in Berlin on February 27, 2019. Tobias Schwarz | AFP | Getty Images

Microsoft’s answer to the trendy team chat app Slack has exceeded Slack in regular usage after only two years on the market. On Thursday the company revealed a statistic it had previously kept to itself: The Teams service has more than 13 million daily active users, which puts it ahead of Slack’s last reported number of 10 million daily users in the three months that ended on Jan. 31. On a weekly basis, Teams has 19 million active users. Slack, whose app became publicly available in 2014, no longer discloses that figure; in 2017 it said there were 9 million weekly active Slack users. A chart Microsoft released suggests that Teams is growing faster than Slack in terms of daily users, despite being larger. The success of Teams, at least in relation to Slack, is an example of how Microsoft can make hits out of young products just by distributing it to its large collection of existing customers. The company has done this in the past with software like Internet Explorer in Windows and SharePoint in Office. In addition, teams is part of the Commercial Cloud category that investors watch closely; in the most recent quarter Microsoft’s Commercial Cloud revenue grew 41%. Shares of Slack haven’t ended any day higher than the $38.62 closing price on the day of the company’s market debut, June 20.

Using email properly

Since March 2017, Microsoft has included Teams in companies’ subscriptions to the Office 365 bundle of productivity software at no additional charge. In Teams, people can make calls and exchange messages with teammates, and work on Word and Excel files without switching to different applications. Later in 2017, Microsoft introduced a software bundle called Microsoft 365, which includes Windows 10, Office 365 subscription-based productivity apps and mobility and security tools. “Teams, I think, is a canonical example of the flagship of the Microsoft 365 product, which is person-centered, customer-centered,” said Rajesh Jha, Microsoft’s executive vice president for experiences and devices, and the person responsible for Office at the company. “You select the group that you’re doing a project in or you’re working with, and all the tools and the applications and the context all comes to you there.” Microsoft uses it internally, too — including the senior leadership team that includes Jha alongside CEO Satya Nadella and finance chief Amy Hood. “We’ve got a Teams group, and not only are our meetings and our chats integrated in there, but our business dashboards, our shared documents or any other business process that we interact with is all in that same context of the Teams scaffolding,” Jha said. One such business process, he said, is a playbook for business continuity that Microsoft’s IT team built. Nadella is all about having Microsoft operate as one company, a conscious break against its historical tendency to break into warring silos, Jha said. So instead of having many one-on-one conversations, Nadella meets with Jha and the others on the senior leadership team for hours every Friday. This is reflected in how the group uses Teams. Jha said the group uses “less DMs [direct messages between individuals] and much more group messaging, much more shared context in the documents and business dashboard.” He added that he communicates with the leaders in his team in a similar fashion. Jha said he personally prefers Teams to email — he particularly appreciates the ability to react to messages through emojis in a more lightweight fashion than one can over email — although he also oversees Microsoft’s popular email programs, including Exchange and Outlook.

Microsoft

He said Teams has helped email get used for the right things inside Microsoft. In certain contexts Jha is seeing less email communication, although he stopped short of saying he’s getting less email altogether after adopting Teams. “When I talk to customers or partners, or when I’m not logically in kind of a group with people where there’s sporadic, intermittent interaction, email is still the tool. But when I’m in the senior leadership team or my leadership team, or I’m in some project that’s about to launch in those groups, rather than going back and forth in email, it’s much more efficient to have the chats, the transcripts of meetings we’ve been in, the dashboards, the files, all of that in one place,” Jha said. The Teams user base even includes Microsoft co-founder and board member Bill Gates. “He’s a big email guy, but he’s started to use Teams as well,” Jha said. “It’s good to see that.”

Read receipts and a ‘priority notifications’ feature


Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: jordan novet
Keywords: news, cnbc, companies, office, growing, users, microsoft, app, jha, business, email, group, bigger, faster, slack, team, teams


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Trump says he’s ‘not a fan’ of Jeffrey Epstein — won’t explain ‘falling out’ with accused child sex trafficker

Epstein has pleaded not guilty in the case, and is being held pending a detention hearing next week. In 2002, Trump told New York magazine that at that time he had known Epstein for more than a decade and called him a “terrific guy” who is “a lot of fun to be with.” “It is even said that he likes beautiful women as much as I do, and many of them are on the younger side,” Trump told the magazine at the time. Trump, during a photo opportunity in the Oval Office on Tuesday, told reporters that he h


Epstein has pleaded not guilty in the case, and is being held pending a detention hearing next week. In 2002, Trump told New York magazine that at that time he had known Epstein for more than a decade and called him a “terrific guy” who is “a lot of fun to be with.” “It is even said that he likes beautiful women as much as I do, and many of them are on the younger side,” Trump told the magazine at the time. Trump, during a photo opportunity in the Oval Office on Tuesday, told reporters that he h
Trump says he’s ‘not a fan’ of Jeffrey Epstein — won’t explain ‘falling out’ with accused child sex trafficker Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: dan mangan
Keywords: news, cnbc, companies, secretary, sex, york, falling, told, acosta, fan, federal, epstein, explain, hes, known, trafficker, office, trump, wont, jeffrey


Trump says he's 'not a fan' of Jeffrey Epstein — won't explain 'falling out' with accused child sex trafficker

President Donald Trump on Tuesday said “I was “not a fan” of accused child sex trafficker Jeffrey Epstein — but repeatedly refused to reveal what led to a “falling out” that he now claims to have had with the wealthy financier about 15 years ago.

Trump’s comments came a day after Epstein, 66, appeared in New York federal court to face new charges that he sexually abused dozens of underage girls, some as young as 14, in his Manhattan and Florida mansions from 2002 to 2005.

Epstein has pleaded not guilty in the case, and is being held pending a detention hearing next week.

In 2002, Trump told New York magazine that at that time he had known Epstein for more than a decade and called him a “terrific guy” who is “a lot of fun to be with.”

“It is even said that he likes beautiful women as much as I do, and many of them are on the younger side,” Trump told the magazine at the time. “No doubt about it – Jeffrey enjoys his social life.”

Trump, during a photo opportunity in the Oval Office on Tuesday, told reporters that he had known Epstein “like everyone in Palm Beach,” Florida.

“He was a fixture in Palm Beach,” Trump said of Epstein, who is also known for having been friends with former President Bill Clinton.

“I had a falling out a long time ago with him,” Trump said. “I don’t think I’ve spoken to him in 15 years.”

“I was not a fan of his,” Trump said.

Reporters asked Trump at least four times what caused the falling out, in particular if it stemmed from a criminal probe of Epstein in Florida in the mid-2000. But aides ushered them out of the Oval Office as Trump did not answer.

During the same photo opportunity, Trump said that he felt badly for his Labor secretary, Alex Acosta, who is facing increasing calls by Democrats to resign because of his role in a non-prosecution agreement that Epstein signed in 2008 with the U.S. Attorney’s Office in Miami, which Acosta headed at the time.

Trump said that Acosta has done an excellent job as Labor secretary, and said Acosta would not have been the only person responsible for the deal with Epstein.

At the time of that deal, Epstein was being investigated both by state and federal authorities for conduct that is now the basis for the new prosecution by federal prosecutors in Manhattan.


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: dan mangan
Keywords: news, cnbc, companies, secretary, sex, york, falling, told, acosta, fan, federal, epstein, explain, hes, known, trafficker, office, trump, wont, jeffrey


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Deutsche Bank employees begin leaving London office amid global job cull

A man carries a box as he leaves a London office of Deutsche Bank which has confirmed plans to cut 18,000 positions across its global business, causing thousands of workers in the City of London to fear for their jobs. Deutsche Bank employees were seen leaving its London offices on Monday after the German lender announced its intent to cut 18,000 jobs by 2022 in a sweeping overhaul of its global business. A number of visibly disgruntled employees were seen leaving, some with A4 envelopes, while


A man carries a box as he leaves a London office of Deutsche Bank which has confirmed plans to cut 18,000 positions across its global business, causing thousands of workers in the City of London to fear for their jobs. Deutsche Bank employees were seen leaving its London offices on Monday after the German lender announced its intent to cut 18,000 jobs by 2022 in a sweeping overhaul of its global business. A number of visibly disgruntled employees were seen leaving, some with A4 envelopes, while
Deutsche Bank employees begin leaving London office amid global job cull Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: elliot smith
Keywords: news, cnbc, companies, deutsche, leaving, cull, cut, global, bank, london, seen, cuts, trading, office, employees, begin, job


Deutsche Bank employees begin leaving London office amid global job cull

A man carries a box as he leaves a London office of Deutsche Bank which has confirmed plans to cut 18,000 positions across its global business, causing thousands of workers in the City of London to fear for their jobs.

Deutsche Bank employees were seen leaving its London offices on Monday after the German lender announced its intent to cut 18,000 jobs by 2022 in a sweeping overhaul of its global business.

A number of visibly disgruntled employees were seen leaving, some with A4 envelopes, while a source with knowledge of the matter confirmed to CNBC that people were being asked on Monday morning to gather their belongings and leave the premises.

The cuts are focused in the closure of the bank’s global equities sales and trading business in a bid to improve profitability, and are part of an effort to reduce global headcount to around 74,000 and cut adjusted costs by a quarter to 17 billion euros ($19.08 billion). Deutsche Bank employs around 7,000 people in London out of the 7,990 across the U.K., having first opened in the capital in 1873.

The bank has not disclosed a regional breakdown of the job cuts, but both London and New York are hubs for its investment bank’s trading operations and may therefore bear the brunt.


Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: elliot smith
Keywords: news, cnbc, companies, deutsche, leaving, cull, cut, global, bank, london, seen, cuts, trading, office, employees, begin, job


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Here’s how much President Trump’s 28-year-old director of Oval Office operations makes

In 2017, the Trump administration tapped the then-26-year-old to serve as a special assistant and executive assistant to the president, a role in which she earned $95,000 a year . In February of 2019, she was promoted to director of Oval Office operations, a position that comes with an annual salary of $145,000, according to White House salary data released July 1. Madeleine Westerhout, 28, is one of the longest-tenured members of President Trump’s White House staff, a group often noted for its


In 2017, the Trump administration tapped the then-26-year-old to serve as a special assistant and executive assistant to the president, a role in which she earned $95,000 a year . In February of 2019, she was promoted to director of Oval Office operations, a position that comes with an annual salary of $145,000, according to White House salary data released July 1. Madeleine Westerhout, 28, is one of the longest-tenured members of President Trump’s White House staff, a group often noted for its
Here’s how much President Trump’s 28-year-old director of Oval Office operations makes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-01  Authors: courtney connley
Keywords: news, cnbc, companies, president, executive, white, operations, trumps, heres, oval, office, salary, westerhout, house, staff, republican, makes, assistant, according, 28yearold, director


Here's how much President Trump's 28-year-old director of Oval Office operations makes

In 2017, the Trump administration tapped the then-26-year-old to serve as a special assistant and executive assistant to the president, a role in which she earned $95,000 a year . In February of 2019, she was promoted to director of Oval Office operations, a position that comes with an annual salary of $145,000, according to White House salary data released July 1.

Madeleine Westerhout, 28, is one of the longest-tenured members of President Trump’s White House staff, a group often noted for its high turnover rate.

That’s up from the $130,000 salary she earned last year as Trump’s assistant. It’s also significantly higher than the annual median income of $69,000 that most millennial households bring in, according to a Pew Research Center analysis.

Anita Decker Breckenridge, who started as former President Barack Obama’s executive assistant during his second term, at age 32, also made $95,000 during her two years in the White House. Meanwhile, Obama’s first executive assistant, Katie Johnson, who started in 2009, made $90,000 during her second year in the role.

Originally from California, Westerhout first caught media attention in 2016 when she was photographed escorting high-profile individuals through the hallways of Trump Tower. At the time, she was an assistant to Republican National Committee chief of staff Katie Walsh.

She graduated from the College of Charleston in 2013 with a bachelor’s degree in political science. According to her college’s website, the young politico took the fall semester off in her senior year to intern for Mitt Romney’s 2012 presidential campaign. After graduation, she moved to Washington, D.C., to intern for former California Republican Rep. John Campbell, before taking on a staff role with the Republican National Committee.

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Company: cnbc, Activity: cnbc, Date: 2019-07-01  Authors: courtney connley
Keywords: news, cnbc, companies, president, executive, white, operations, trumps, heres, oval, office, salary, westerhout, house, staff, republican, makes, assistant, according, 28yearold, director


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‘Avengers: Endgame’ still short of ‘Avatar’ box office record even after rerelease

Despite a big push from Disney this weekend, “Avengers: Endgame” remains $26 million shy of the record for highest-grossing film of all time. “Endgame,” which was originally released April 26, has earned around $2.76 billion globally so far. The film will continue to run in theaters for most, if not all of the summer. After all, “Avatar” ran for 234 days during its first run (the film got a rerelease in 2010). Of course, “Endgame” still has a number of hurdles to face on its way to the top spot.


Despite a big push from Disney this weekend, “Avengers: Endgame” remains $26 million shy of the record for highest-grossing film of all time. “Endgame,” which was originally released April 26, has earned around $2.76 billion globally so far. The film will continue to run in theaters for most, if not all of the summer. After all, “Avatar” ran for 234 days during its first run (the film got a rerelease in 2010). Of course, “Endgame” still has a number of hurdles to face on its way to the top spot.
‘Avengers: Endgame’ still short of ‘Avatar’ box office record even after rerelease Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-30  Authors: sarah whitten
Keywords: news, cnbc, companies, deleted, office, endgame, theaters, avatar, million, run, wasnt, box, short, film, weekend, rerelease, record, avengers, fans


'Avengers: Endgame' still short of 'Avatar' box office record even after rerelease

Despite a big push from Disney this weekend, “Avengers: Endgame” remains $26 million shy of the record for highest-grossing film of all time.

On Friday Marvel Studios began showing a new theatrical release of the film with a special tribute, a deleted scene and a teaser for “Spider-Man: Far From Home” at the end of the credits. While the company was able to garner an estimated $5.5 million this weekend in the U.S. and another $2.3 million abroad, it wasn’t enough to surpassed the record $2.78 billion that “Avatar ” has earned since its release in 2009.

“Endgame,” which was originally released April 26, has earned around $2.76 billion globally so far.

This is an “impressive feat given that the film, now in its tenth weekend, has already been seen by just about everyone on the planet,” Paul Dergarabedian, senior media analyst at Comscore, said.

The additional content seemed like an enticing lure for fans, however it seems the six minutes of footage wasn’t enough to bring them back with the same fervor as opening weekend.

Some fans on social media said that the extra footage wasn’t a big enough addition for them to spend money on a ticket or sit through the three hour long film again. Many said they would wait for the movie to be released on DVD and BluRay to see the deleted scene as well as the other bonus content.

Had deleted content been finished and inserted into the film as a directors’ cut or extended cut, more fans may have ventured to the theater this weekend.

Still, there were plenty of fans who were more than happy to revisit the film again more than two months after its debut.

To be sure, “Endgame” isn’t done just yet. It still has a chance to surpass “Avatar.” The film will continue to run in theaters for most, if not all of the summer. After all, “Avatar” ran for 234 days during its first run (the film got a rerelease in 2010). “Endgame” has been in theaters for less than 70 days.

Of course, “Endgame” still has a number of hurdles to face on its way to the top spot. The summer box office is very competitive, with new releases every weekend. Not to mention, “Endgame” has a lot of emotional — some would argue gut-wrenching — moments that could make repeat viewings difficult even for the biggest of fans. And then there is that three hour run time.


Company: cnbc, Activity: cnbc, Date: 2019-06-30  Authors: sarah whitten
Keywords: news, cnbc, companies, deleted, office, endgame, theaters, avatar, million, run, wasnt, box, short, film, weekend, rerelease, record, avengers, fans


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Why NBC is paying $500 million to stream ‘The Office,’ a show it already owns

The streaming service is set to shell out $100 million per year for the show, even though it’s technically a property of NBC’s parent company. So, if “The Office” is an NBC show, why is NBC shelling out $500 million to put it on its forthcoming streaming service? In this case, the NBC streaming service is buying the rights to “The Office” from Universal Television. A person familiar with the negotiations said Netflix made an offer to keep “The Office” on its streaming service, but the offer was


The streaming service is set to shell out $100 million per year for the show, even though it’s technically a property of NBC’s parent company. So, if “The Office” is an NBC show, why is NBC shelling out $500 million to put it on its forthcoming streaming service? In this case, the NBC streaming service is buying the rights to “The Office” from Universal Television. A person familiar with the negotiations said Netflix made an offer to keep “The Office” on its streaming service, but the offer was
Why NBC is paying $500 million to stream ‘The Office,’ a show it already owns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-27  Authors: sarah whitten
Keywords: news, cnbc, companies, million, company, television, paying, nbc, service, netflix, stream, office, transfer, 500, streaming, rights, owns


Why NBC is paying $500 million to stream 'The Office,' a show it already owns

NBC is reclaiming “The Office.”

The Comcast company on Tuesday revealed that it has signed an exclusive deal to house the show on its upcoming streaming service for five years, starting in 2021. But just because NBC owns the show, doesn’t mean it won’t have to pay for it.

The streaming service is set to shell out $100 million per year for the show, even though it’s technically a property of NBC’s parent company. Universal Television, a separate division of NBCUniversal, produced the show with Deedle-Dee Productions and Reveille Productions.

“The Office” has been a staple on Netflix, and was far and away the most streamed show on the service in 2018, according to data from Nielsen. Viewers streamed more than 52 million minutes of the show that year — 20 million more than the second most watched show, “Friends.”

The 2005 show, a remake of a U.K. comedy series of the same name, aired on NBC for eight seasons and depicts the everyday lives of employees at the Scranton, Pennsylvania branch of a fictional Dunder Mifflin Paper Company.

The documentary-style show, which featured Steve Carell, Rainn Wilson, John Krasinski, Jenna Fischer and B. J. Novak as main characters, was met with mixed reviews during its first season, but gained acclaim with critics and audiences in the seasons that followed.

So, if “The Office” is an NBC show, why is NBC shelling out $500 million to put it on its forthcoming streaming service?

The answer: Transfer pricing, according to Wedbush analyst Michael Pachter.

When a large company like Comcast is made up of smaller, independently run divisions, each division must pay a transfer price for any products or services of another division, he explained.

In this case, the NBC streaming service is buying the rights to “The Office” from Universal Television.

“You have to have internal transfer pricing to prove where you earned each piece of the pie,” Pachter said.

These types of deals are highly regulated to prevent companies from paying less than market value for a product or service. So NBC had to establish pricing based on similar transactions between unrelated parties. For example, Netflix bought the rights to “Friends” from WarnerMedia for $100 million for one year.

Universal Television had to hold an auction for “The Office” at “arm’s length.” Meaning, the company could not have any relationship with a potential bidder. This ensures that all parties have equal access to information related to the deal and assures no collusion between the buyer and seller.

A person familiar with the negotiations said Netflix made an offer to keep “The Office” on its streaming service, but the offer was rejected. Netflix was willing to pay up to $90 million a year for the rights, but NBC topped the bid.

NBC isn’t just paying the transfer cost, it will also shell out a percentage in royalty fees to profit participants of the series, Pachter said. Writers, actors, producers and creators will get a share of the $500 million, as is the case with any show that enters syndication on cable television.


Company: cnbc, Activity: cnbc, Date: 2019-06-27  Authors: sarah whitten
Keywords: news, cnbc, companies, million, company, television, paying, nbc, service, netflix, stream, office, transfer, 500, streaming, rights, owns


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Learn money and investing basics in less time than an episode of The Office

You’re working as hard as you can, living the only life that seems possible, but that should not mean just keeping afloat. Well, if you don’t want to work forever, it is a worthwhile investment to spend some time learning some money basics. These eight short videos will help educate you on how to make the most of your money and live your best possible life. It is making money for the bank when they lend it out to others. You can earn more too when money is deposited in the right kind of interest


You’re working as hard as you can, living the only life that seems possible, but that should not mean just keeping afloat. Well, if you don’t want to work forever, it is a worthwhile investment to spend some time learning some money basics. These eight short videos will help educate you on how to make the most of your money and live your best possible life. It is making money for the bank when they lend it out to others. You can earn more too when money is deposited in the right kind of interest
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Company: cnbc, Activity: cnbc, Date: 2019-06-27  Authors: mackenzie sigalos rosy ngo, mackenzie sigalos, rosy ngo
Keywords: news, cnbc, companies, office, health, money, basics, episode, investing, making, important, youre, know, learn, need, help, life


Learn money and investing basics in less time than an episode of The Office

You’re working as hard as you can, living the only life that seems possible, but that should not mean just keeping afloat. Yet who has time to make budgets and figure out financial planning? Well, if you don’t want to work forever, it is a worthwhile investment to spend some time learning some money basics. And it does not require a huge amount of time. These eight short videos will help educate you on how to make the most of your money and live your best possible life. All you need is 20 minutes to start on a path to financial freedom.

1. The 3 most important numbers in your financial story

Your credit score impacts almost all expenses in your life, from getting a mobile phone to buying a house. Having a good grasp on how it’s determined can help you get the best deal.

2. All you need to know to start making a budget

You know you need one, but having a basic framework for the main buckets in your life will help you understand the ins and outs of budgeting.

3. You have to have it, so know what you’re paying for health insurance

No budget would be complete or accurate if you do not also have a good understanding of health insurance premiums and deductibles. Staying on top of your insurance will keep both your pocketbook and health in good shape.

4. Got money in the bank? Make sure it’s in the right type of account

If you are accumulating more money in a savings account because you’ve made a budget and are spending wisely on health care, you should not let the extra cash just sit there. It is making money for the bank when they lend it out to others. You can earn more too when money is deposited in the right kind of interest-bearing bank accounts.

5. How to stay on track with retirement goals

Make reaching these milestones during each decade you’re working a goal to make sure you’ll have enough saved for a relaxing retirement.

6. The most important concept in investing

If you missed any of the retirement goal benchmarks covered in the last video, understanding the most important concept in investing, compound interest, may help put you on a smarter investing path now.

7. Making the most from mutual funds

Chances are high you own mutual funds if you have a 401(k) plan. Here’s the 411 on one of the most common investing tools.

8. ‘Nothing is certain but death and taxes.’ You can only control one of them


Company: cnbc, Activity: cnbc, Date: 2019-06-27  Authors: mackenzie sigalos rosy ngo, mackenzie sigalos, rosy ngo
Keywords: news, cnbc, companies, office, health, money, basics, episode, investing, making, important, youre, know, learn, need, help, life


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