Con Edison, other utility stocks take a hit after customers lose power in heat wave

The stocks of Consolidated Edison, Public Service Enterprise Group and DTE Energy, all hit by power outages, fell at the open Monday and were off lows in afternoon trading as more power was restored. About 13,300 Con Ed customers were still without power as of Monday afternoon, after more than 52,000 lost electricity Sunday. Southeast Brooklyn was the worst hit area, with the utility saying it had to shut off power to 33,000 customers because of high usage. Public Services’ PSE&G said there were


The stocks of Consolidated Edison, Public Service Enterprise Group and DTE Energy, all hit by power outages, fell at the open Monday and were off lows in afternoon trading as more power was restored. About 13,300 Con Ed customers were still without power as of Monday afternoon, after more than 52,000 lost electricity Sunday. Southeast Brooklyn was the worst hit area, with the utility saying it had to shut off power to 33,000 customers because of high usage. Public Services’ PSE&G said there were
Con Edison, other utility stocks take a hit after customers lose power in heat wave Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: patti domm
Keywords: news, cnbc, companies, stocks, trading, heat, website, hit, edison, outages, energy, afternoon, lower, service, lose, utility, jersey, wave, customers, power


Con Edison, other utility stocks take a hit after customers lose power in heat wave

The stocks of Consolidated Edison, Public Service Enterprise Group and DTE Energy, all hit by power outages, fell at the open Monday and were off lows in afternoon trading as more power was restored.

About 13,300 Con Ed customers were still without power as of Monday afternoon, after more than 52,000 lost electricity Sunday. Southeast Brooklyn was the worst hit area, with the utility saying it had to shut off power to 33,000 customers because of high usage.

In New Jersey, several thousand were without power over the weekend as temperatures soared.

Public Service Enterprise Group shares were slightly lower in afternoon trading, after opening lower. The outages affected customers of both PSE&G and First Energy’s Jersey Central Power and Light. Public Services’ PSE&G said there were about 2,400 customers in New Jersey without power as of 1:15 p.m. Monday.

First Energy shares opened lower but edged slightly higher in afternoon trading. There were about 2,372 First Energy customers without power in New Jersey Monday afternoon. There were also about 1,500 without power in West Virgina, just under 1,600 affected in Pennsylvania and 1,700 in Ohio.

DTE Energy said on its website that severe storms Friday and Saturday caused 600,000 power outages in its Michigan service area, which includes Detroit. Its website projects that 80% would be restored by Monday and a full 100% by Wednesday.

New York City Mayor Bill de Blasio said Monday he is losing faith in Con Edison after prolonged outages in the middle of a heat wave. “I can’t trust them at this point because I’m not getting any real answers,” the mayor said, according to wire reports.


Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: patti domm
Keywords: news, cnbc, companies, stocks, trading, heat, website, hit, edison, outages, energy, afternoon, lower, service, lose, utility, jersey, wave, customers, power


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Tencent is betting there’s a future for retro games in the cloud

London-based firm Antstream says it wants to bring a streaming experience to retro gaming enthusiasts. The company has developed a cloud gaming service that gives players access to a library of over 2,000 classic video games. But with Antstream’s streaming service, users are instead able to play games that are run from remote servers. Asia expansion aheadWhile it’s less well known in the West, Tencent is arguably the world’s largest gaming company. It’s the parent company of “League of Legends”


London-based firm Antstream says it wants to bring a streaming experience to retro gaming enthusiasts. The company has developed a cloud gaming service that gives players access to a library of over 2,000 classic video games. But with Antstream’s streaming service, users are instead able to play games that are run from remote servers. Asia expansion aheadWhile it’s less well known in the West, Tencent is arguably the world’s largest gaming company. It’s the parent company of “League of Legends”
Tencent is betting there’s a future for retro games in the cloud Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: ryan browne
Keywords: news, cnbc, companies, future, games, streaming, betting, antstream, startup, cottam, gaming, service, cloud, tencent, company, retro, firm, theres


Tencent is betting there's a future for retro games in the cloud

U.K. start-up Antstream wants to bring a streaming experience to retro gaming enthusiasts. Antstream

While tech giants like Microsoft and Google are building cloud gaming platforms for the latest blockbuster titles, one start-up is taking a different approach. London-based firm Antstream says it wants to bring a streaming experience to retro gaming enthusiasts. The company has developed a cloud gaming service that gives players access to a library of over 2,000 classic video games. It’s a model that CEO Steve Cottam sees going global. And to bolster that ambition, the company has raised its first significant round of funding, led by the Chinese tech giant Tencent and backed by British venture firm Hambro Perks. For Antstream, the project is about resurrecting an experience long buried in old devices like the Commodore 64 and the Amiga. Cottam told CNBC in an interview that the idea for the company stemmed from what he’s been seeing elsewhere in the entertainment industry. “You’ve got Spotify and Apple for your music, while in movies you’ve got Netflix and Amazon, ” he said. “It’s so easy to find that content, but games just got lost because of all these different formats, and they didn’t work on modern devices.” Usually people have to invest in decades-old cartridges and dated machines or find a decent console emulator to be able to play classic games. But with Antstream’s streaming service, users are instead able to play games that are run from remote servers.

“Having Tencent coming on board was a massive validation of what we’ve done,” Cottam said. “It gives us the opportunity to grow and to take this business onto the global stage.” Antstream didn’t disclose how much cash it’s received in this round, but said it represents a “significant stake” in the company. With its app now live in Europe, the start-up will use the fresh money to market the product and expand to the U.S. later this year.

Asia expansion ahead

While it’s less well known in the West, Tencent is arguably the world’s largest gaming company. It’s the parent company of “League of Legends” developer Riot Games and mobile gaming firm Supercell, and holds a minority stake in “Fortnite” maker Epic Games. The firm has even been testing its own game streaming service, called Start. With Tencent’s help, Cottam sees Antstream eventually launching in Asia, a massive market for gaming. But there’s no set date on when that will happen just yet. “When we want to roll this out in Asia, there is no better partner to work with,” he said. “They have such a strong foothold in that market.” While the firm’s boss didn’t pinpoint any particular countries, he mentioned visiting Japan, where “you still have these massive arcades which are full of people going in and playing these classic games.” The country is also home to some of the most well-known gaming brands, including Nintendo and Sega. A subscription to Antstream costs £9.99 per month — or £7.99 if customers opt for an annual membership — and that price will be the same in dollars, Cottam said. By contrast, Google’s Stadia cloud gaming platform costs $9.99 a month, but gamers have to fork out another $69 for a controller and extra costs for additional games.

Antstream’s platform lets players access a library of over 2,000 retro games. Antstream

Antstream says its games can be played on computers, tablets and smartphones, as well as Microsoft’s Xbox One console and Amazon’s Fire TV. Players can also hook their device up to an Xbox controller to play the games.

Nostalgia trip


Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: ryan browne
Keywords: news, cnbc, companies, future, games, streaming, betting, antstream, startup, cottam, gaming, service, cloud, tencent, company, retro, firm, theres


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Mnuchin says progress being made on debt limit deal, markets shouldn’t be concerned

“I think everybody is in agreement that we won’t do anything that puts the U.S. government at risk in terms of our issue of defaulting. So I don’t think the market should be concerned, and we’re working hard. He added that everybody involved is aware of the risks that the inability to reach a deal would bring. The Treasury has been using a series of “extraordinary measures” to keep the government running while the spending impasse continues. Mnuchin earlier had said that those measures could kee


“I think everybody is in agreement that we won’t do anything that puts the U.S. government at risk in terms of our issue of defaulting. So I don’t think the market should be concerned, and we’re working hard. He added that everybody involved is aware of the risks that the inability to reach a deal would bring. The Treasury has been using a series of “extraordinary measures” to keep the government running while the spending impasse continues. Mnuchin earlier had said that those measures could kee
Mnuchin says progress being made on debt limit deal, markets shouldn’t be concerned Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: jeff cox
Keywords: news, cnbc, companies, progress, deal, working, concerned, spending, suspending, agreement, shouldnt, debt, sides, service, limit, markets, think, mnuchin, measures, treasury


Mnuchin says progress being made on debt limit deal, markets shouldn't be concerned

Treasury Secretary Steven Mnuchin told CNBC on Thursday the administration and congressional leaders are continuing toward resolving an impasse over the debt ceiling and he is confident an agreement will be reached that will ensure the U.S. does not default on its obligations.

“I don’t think the market should be concerned,” he said. “I think everybody is in agreement that we won’t do anything that puts the U.S. government at risk in terms of our issue of defaulting. I think that nobody wants a shutdown in any scenario. So I don’t think the market should be concerned, and we’re working hard. We’ll get there one way or another.”

In what he called his “most conservative” scenario, the U.S. could lose its spending ability by early September. At that point, the Treasury would not be able to make payments on its $22 trillion debt load, a potentially catastrophic event that would ripple through financial and world markets.

Both sides have been negotiating on reaching future spending limits and a longer-term agreement on continuing to allow the government the ability to borrow. There have been some indications that an agreement is near, though CNBC’s Ylan Mui reported earlier that the two sides remain significantly apart.

In the interview on “Squawk Box, ” Mnuchin said he has been having “daily conversations” with House Speaker Nancy Pelosi, D-Calif., they have reached an agreement on “top-line” spending numbers over a one- and two-year period, and are now working on “offsets” to put caps on spending.

He added that everybody involved is aware of the risks that the inability to reach a deal would bring.

“I’ve discussed that with the leadership of both the House and the Senate,” he said. “That’s why I’ve encouraged them to raise the debt ceiling before they leave.”

Lawmakers plan on leaving for their August recess on July 26.

The Treasury has been using a series of “extraordinary measures” to keep the government running while the spending impasse continues. The measures currently in use entail halting sales of state and local government series Treasury securities, redeeming existing sales and suspending any new investments of civil service and Postal Service pension funds, and suspending reinvestments of the Government Securities Investment Fund and the Exchange Stabilization Fund.

Mnuchin earlier had said that those measures could keep the U.S. afloat into November, but recently shortened the time span.


Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: jeff cox
Keywords: news, cnbc, companies, progress, deal, working, concerned, spending, suspending, agreement, shouldnt, debt, sides, service, limit, markets, think, mnuchin, measures, treasury


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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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23andMe is moving into Apple’s territory with a pilot to pull in medical data, not just DNA

DNA-testing start-up 23andMe is experimenting with a new way to collect a lot more health data from millions of its users than just their DNA. The company is now asking a subset of customers if they’d be willing to incorporate their lab results, prescription information and medical history, after they’ve received the results from the genetic test. 23andMe, which has sold about 10 million at-home DNA testing kits, will be able to access that data if users let the company connect outside medical p


DNA-testing start-up 23andMe is experimenting with a new way to collect a lot more health data from millions of its users than just their DNA. The company is now asking a subset of customers if they’d be willing to incorporate their lab results, prescription information and medical history, after they’ve received the results from the genetic test. 23andMe, which has sold about 10 million at-home DNA testing kits, will be able to access that data if users let the company connect outside medical p
23andMe is moving into Apple’s territory with a pilot to pull in medical data, not just DNA Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: christina farr
Keywords: news, cnbc, companies, dna, way, information, pull, pilot, data, apples, health, territory, results, moving, medical, users, 23andme, company, service


23andMe is moving into Apple's territory with a pilot to pull in medical data, not just DNA

DNA-testing start-up 23andMe is experimenting with a new way to collect a lot more health data from millions of its users than just their DNA.

The company is now asking a subset of customers if they’d be willing to incorporate their lab results, prescription information and medical history, after they’ve received the results from the genetic test. 23andMe, which has sold about 10 million at-home DNA testing kits, will be able to access that data if users let the company connect outside medical providers using a third-party medical data network called Human API.

CNBC viewed the service in action earlier this week and the company confirmed that it’s a beta program that will be gradually rolled out to all users, but declined to comment further on its plans. The service is still being piloted, said a person familiar with the matter, and the product could change depending on how it’s received.

Such a move would bring the 23andMe squarely into Apple’s territory.

Apple, in recent years, has developed its own health records service, which aims to aggregate medical information including lab tests and prescriptions into the Health app on the iPhone.

One missing component from Apple’s program, however, is genetics data, which might present an opportunity for 23andMe to reach people who care about getting a deeper analysis of how their genetic information might impact their risk of disease.

23andMe’s pitch to users is that the service is an easy way to access health data, especially if it’s scattered across multiple systems, get new insights about their health, and assist with research. (Click the image to enlarge.)


Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: christina farr
Keywords: news, cnbc, companies, dna, way, information, pull, pilot, data, apples, health, territory, results, moving, medical, users, 23andme, company, service


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Boeing 737 program manager to retire amid crisis over jet’s grounding

Mark Jenks, who has worked on Boeing’s potential new mid-market airplane (NMA) project, will assume the role as lead of the 737 program, McAllister said. Since his first job as a liaison engineer, to his current job leading the 737 program and Renton site, Eric has worked across Commercial Airplanes. Mark Jenks will step into the position to lead the 737 program and Renton site. With Mark’s move, we also have the opportunity to continue to invest in the NMA development. His strong track record o


Mark Jenks, who has worked on Boeing’s potential new mid-market airplane (NMA) project, will assume the role as lead of the 737 program, McAllister said. Since his first job as a liaison engineer, to his current job leading the 737 program and Renton site, Eric has worked across Commercial Airplanes. Mark Jenks will step into the position to lead the 737 program and Renton site. With Mark’s move, we also have the opportunity to continue to invest in the NMA development. His strong track record o
Boeing 737 program manager to retire amid crisis over jet’s grounding Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: emma newburger, michael sheetz
Keywords: news, cnbc, companies, president, role, program, boeing, crisis, amid, 737, eric, grounding, retire, nma, mark, jets, development, vice, manager, service


Boeing 737 program manager to retire amid crisis over jet's grounding

Mark Jenks, who has worked on Boeing’s potential new mid-market airplane (NMA) project, will assume the role as lead of the 737 program, McAllister said.

Mike Sinnett, Boeing Commercial Airplanes vice president of product development and future airplane development, will also take over as vice president for NMA in addition to his current role, according to the memo.

Here’s the full memo:

“These are unprecedented times for us, as our primary focus remains the safe return of service for the 737 MAX and driving quality and safety in all that we do.

To that end, I am grateful to Eric Lindblad for his strong leadership and tireless drive over the past 12 months leading the 737 program, as he has navigated some of the most difficult challenges our company has ever faced. He shared with me his desire to retire last year, and we will now begin to embark on a thoughtful and seamless transition plan.

For the past 34 years, Eric has dedicated his career to Boeing. Since his first job as a liaison engineer, to his current job leading the 737 program and Renton site, Eric has worked across Commercial Airplanes. Over the past three decades, Eric has made an impact on countless employees and has led some of the biggest bets of our business. And, he has done it through a lens of doing what’s right and continuing to ensure our relentless focus on safety and quality.

I have admired Eric’s resolve and drive, and we are grateful for his service and dedication.

Mark Jenks will step into the position to lead the 737 program and Renton site. He will work closely with Eric over the next several weeks to ensure a seamless transition as we approach the safe return to service of the 737 MAX.

As the vice president of the New Mid-Market (NMA) program, Mark has led all aspects of the development program ranging from the business case to the definition of the production system, services offerings and airplane configuration. Mark also led the 787 program during some of its most challenging of years, and has held several leadership roles within Boeing’s defense and space businesses. A true One Boeing leader, Mark will leverage his learnings and expertise for our 737 program as we carefully and fully return to the 737 MAX to service and meet our customer commitments.

With Mark’s move, we also have the opportunity to continue to invest in the NMA development. I’m pleased to announce that Mike Sinnett will assume the role of vice president for the NMA in addition to his current role leading the Product Strategy and Future Airplane Development Team. Let me be clear – the NMA team will continue to operate as a program, and I am looking forward to Mike’s leadership in this important effort. Before leading the Product Strategy and Future Airplane Development organization, Mike served as vice president and chief project engineer for the 787 program. His strong track record of new development programs will be instrumental to the long-term success of the NMA program. Mike will also continue to play a pivotal role in our stakeholder and customer outreach efforts on the MAX certification and return to service efforts.

All three of these leaders have consistently demonstrated a One Boeing approach to their work, and have been living the Boeing Behaviors. Please join me in congratulating Eric on his planned retirement, and welcoming Mark and Mike to their new leadership roles. “


Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: emma newburger, michael sheetz
Keywords: news, cnbc, companies, president, role, program, boeing, crisis, amid, 737, eric, grounding, retire, nma, mark, jets, development, vice, manager, service


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Netflix has now lost two of its most popular shows as old media companies flex their muscle

Something strange is happening in the world of technology and media: Netflix is becoming the incumbent, and the upstart challengers are companies that have been around for nearly a century. But there’s little doubt that part of the motivation of legacy media companies embracing subscription streaming services is to capture some of Netflix’s valuation — or bring CEO Reed Hastings’ behemoth back down to earth. The WarnerMedia streaming service will have the exclusive rights to the hit sitcom Frien


Something strange is happening in the world of technology and media: Netflix is becoming the incumbent, and the upstart challengers are companies that have been around for nearly a century. But there’s little doubt that part of the motivation of legacy media companies embracing subscription streaming services is to capture some of Netflix’s valuation — or bring CEO Reed Hastings’ behemoth back down to earth. The WarnerMedia streaming service will have the exclusive rights to the hit sitcom Frien
Netflix has now lost two of its most popular shows as old media companies flex their muscle Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: alex sherman
Keywords: news, cnbc, companies, lost, shows, muscle, media, popular, rights, million, streaming, hbo, friends, warnermedia, netflix, service, old, companies, flex


Netflix has now lost two of its most popular shows as old media companies flex their muscle

Netflix CEO Reed Hastings is pictured on May 3, 2018 in Lille, northern France during the first edition of the TV Series Mania festival.

Something strange is happening in the world of technology and media: Netflix is becoming the incumbent, and the upstart challengers are companies that have been around for nearly a century.

Disney, AT&T’s WarnerMedia, and Comcast’s NBCUniversal are all launching direct-to-consumer streaming services by the first quarter of 2020. And they’re all coming after Netflix.

Sure, there will be enough consumer dollars to go around for Netflix to keep its massive subscriber base (155 million globally) growing. But there’s little doubt that part of the motivation of legacy media companies embracing subscription streaming services is to capture some of Netflix’s valuation — or bring CEO Reed Hastings’ behemoth back down to earth.

That’s why WarnerMedia announced Tuesday it is pulling Friends off Netflix when it debuts its service in 2020, which will be called HBO Max. The WarnerMedia streaming service will have the exclusive rights to the hit sitcom Friends. AT&T is paying $85 million per year for the U.S. rights for five years, according to a person familiar with the matter. Netflix was paying $80 million for global rights to the show and wasn’t in a position to re-bid, given WarnerMedia’s contractual options around streaming rights for the show, the person said. The Wall Street Journal first reported how much WarnerMedia would pay for Friends.

Netflix has been preparing to lose Friends, just as it realized it may lose The Office to NBC Universal’s streaming service, which will happen in 2021, and has been spending billions on new original content exclusive to the service to keep customers satisfied.

But losing both Friends and The Office is significant to the potential health of the streaming service moving forward. The two series are the two most watched shows on all of Netflix, according to research firm Jumpshot.

WarnerMedia CEO John Stankey’s goal is to get 70 million subscribers to sign up for HBO Max. That’s double the amount of U.S. subscribers for HBO. For years, Wall Street has valued Netflix on its subscriber growth rather than its profits. Legacy media companies have rued this dichotomy, frustrated that investors value old media differently than Netflix, which has grown from a startup to a company with a $175 billion enterprise value.


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: alex sherman
Keywords: news, cnbc, companies, lost, shows, muscle, media, popular, rights, million, streaming, hbo, friends, warnermedia, netflix, service, old, companies, flex


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AT&T rolls out a new, super-charged streaming service with HBO shows, ‘Friends’ and more

AT&T’s WarnerMedia announced on Tuesday that its new streaming service will be called HBO Max. Netflix will also lose “The Office” in 2021, when NBC will offer it as part of its $10 per month streaming TV service. Other popular TV shows coming to HBO Max include “The Fresh Prince of Bel-Air,” “Pretty Little Liars” and “Batwoman.” HBO Max will include original shows created specifically for the new streaming service, in addition to shows that will launch on HBO. NBC’s streaming service is launchi


AT&T’s WarnerMedia announced on Tuesday that its new streaming service will be called HBO Max. Netflix will also lose “The Office” in 2021, when NBC will offer it as part of its $10 per month streaming TV service. Other popular TV shows coming to HBO Max include “The Fresh Prince of Bel-Air,” “Pretty Little Liars” and “Batwoman.” HBO Max will include original shows created specifically for the new streaming service, in addition to shows that will launch on HBO. NBC’s streaming service is launchi
AT&T rolls out a new, super-charged streaming service with HBO shows, ‘Friends’ and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: todd haselton
Keywords: news, cnbc, companies, max, rolls, shows, att, supercharged, include, launch, hbo, service, movies, friends, tv, content, streaming


AT&T rolls out a new, super-charged streaming service with HBO shows, 'Friends' and more

AT&T’s WarnerMedia announced on Tuesday that its new streaming service will be called HBO Max. As the name implies, it includes a lot more than just content from HBO.

HBO Max will include shows and movies from Warner Bros., New Line, DC Entertainment, CNN, TNT, TBS, truTV, The CW, Turner Classic Movies, Cartoon Network, Adult Swim, Crunchyroll, Rooster Teeth, Looney Tunes and other content providers. It also includes exclusive rights to stream all 236 episodes of the TV show “Friends.”

The service is expected to launch in beta later this year. AT&T has not said how much it will cost. HBO Max will launch publicly in the spring of 2020 and will include 10,000 hours of content, the company said.

Netflix recently spent $80 million to keep “Friends” through 2019, according to Vulture. Netflix will also lose “The Office” in 2021, when NBC will offer it as part of its $10 per month streaming TV service. Both shows are thought to be two of the most popular on Netflix, which means the company will have to continue funding new programming in order to find another new hit to keep subscribers engaged.

Other popular TV shows coming to HBO Max include “The Fresh Prince of Bel-Air,” “Pretty Little Liars” and “Batwoman.” HBO Max will include original shows created specifically for the new streaming service, in addition to shows that will launch on HBO.

The service is just one of many new streaming products set to launch in the coming months, and consumers probably won’t be able to subscribe to all of them.

Disney’s $6.99 monthly plan, Disney+, will launch this November and will include 18 of Pixar’s 21 movies, Marvel films, 30 seasons of “The Simpsons,” Disney animated movies and the Star Wars franchise of films. NBC’s streaming service is launching next year. Apple+ will launch this fall.

WATCH: Record 19.3 million viewers watched HBO’s ‘Game of Thrones’ finale


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: todd haselton
Keywords: news, cnbc, companies, max, rolls, shows, att, supercharged, include, launch, hbo, service, movies, friends, tv, content, streaming


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As MoviePass seeks to resuscitate its business, movie theaters are moving in on its turf

The end could be near for theater subscription service MoviePass. Especially as movie theaters develop and launch their own loyalty programs. Hannah has been a member of MoviePass since January 2018, when subscribers were still permitted to see a movie more than once. Early in 2018, it offered moviegoers the chance to watch one movie per day for just $10 a month. Also at that time, MoviePass began charging service fees for subscribers to see highly anticipated movies and prime time showings.


The end could be near for theater subscription service MoviePass. Especially as movie theaters develop and launch their own loyalty programs. Hannah has been a member of MoviePass since January 2018, when subscribers were still permitted to see a movie more than once. Early in 2018, it offered moviegoers the chance to watch one movie per day for just $10 a month. Also at that time, MoviePass began charging service fees for subscribers to see highly anticipated movies and prime time showings.
As MoviePass seeks to resuscitate its business, movie theaters are moving in on its turf Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-05  Authors: sarah whitten
Keywords: news, cnbc, companies, month, resuscitate, app, subscribers, seeks, business, company, moving, movie, subscription, moviepass, members, theaters, turf, service


As MoviePass seeks to resuscitate its business, movie theaters are moving in on its turf

The end could be near for theater subscription service MoviePass. On Thursday, the company suspended its service while it undergoes unspecified “improvements” to its product.

“For the past several months, MoviePass has been working hard to improve our groundbreaking subscription service to ensure it meets the vision that we have for it,” the company wrote on its website. “We are temporarily not accepting new subscribers as we work on these improvements.”

A similar statement is on its mobile app. The message says it’s working to improve the app, but doesn’t say when it will be available again. On Twitter, the company responded to user questions saying the “process will take several weeks.”

MoviePass has been struggling for more than a year. The subscription went from having more than 3 million members to around 225,000 in April 2019, according to Variety, which was first to report the service had been suspended. It’s unclear if an app revamp can actually help the company stay afloat.

Especially as movie theaters develop and launch their own loyalty programs. In fact, AMC Theater’s own subscription-based program, Stubs A-List, has more than 860,000 members as of the end of June, Cinemark’s Movie Club has more than 500,000 subscribers and Regal Cinemas is set to launch its own unlimited movie ticket subscription.

Even Alamo Drafthouse, a smaller player in the industry, plans on dropping its own service by the end of the year.

For those that still use MoviePass, the sudden closure of the app was a surprise.

“I opened [the app] last night and was very upset,” Hannah, 24 of New York, said. She had hoped to get tickets to see the new “Spider-Man” film. “I have no idea when it will be back up.”

Hannah has been a member of MoviePass since January 2018, when subscribers were still permitted to see a movie more than once. Even as MoviePass has limited the number of movies members can see per month and how many times they can see a movie, she said she is happy to stick with MoviePass.

“Movie tickets in New York City are really expensive,” she said. If she goes at least twice a month, the $10 she pays for the subscription is more than worth it, she said.

While there are still some showings that are blacked out at some theaters, Hannah said New York City has so many theaters that she hasn’t had trouble finding a place to watch the movie she wants to see. She said her mother, who lives in a small town, canceled her membership because there weren’t many nearby theater options.

If MoviePass remains at its current price, Hannah said, she has no reason to unsubscribe. However, if the company does another round of price hikes, she said she’d consider deleting the app.

Many Twitter users aired their grievances about MoviePass shutting down the app temporarily. Some said they were wondering how to cancel their subscriptions if they’re unable to access the app or the website.

MoviePass’s financial issues have been pronounced since 2018. In late June of that year, AMC launched Stubs A-List, offering its members the opportunity to watch up to three movies a week for under $20.

At the time, MoviePass was in the process of changing its subscription model. Early in 2018, it offered moviegoers the chance to watch one movie per day for just $10 a month. However, by April, new members who signed up for the subscription were only able to see four films in a month and couldn’t see the same movie twice.

Moviegoers could only see 2D films with MoviePass’s subscription, while AMC offered 3D, 4D, Dolby and IMAX viewings.

Also at that time, MoviePass began charging service fees for subscribers to see highly anticipated movies and prime time showings.

The shutdown of its app and website is just another stumble for the brand.

“Sounds like they’re on life support in the critical condition wing,” said Jeff Bock, senior analyst at Exhibitor Relations. “And honestly, I don’t suspect they’ll have many visits … MoviePass, while a great idea, is a horror show in terms of execution and customer service. It’s hard to exist as a company when you don’t have the public’s trust nor can you deliver what you promise.”


Company: cnbc, Activity: cnbc, Date: 2019-07-05  Authors: sarah whitten
Keywords: news, cnbc, companies, month, resuscitate, app, subscribers, seeks, business, company, moving, movie, subscription, moviepass, members, theaters, turf, service


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Democratic candidate Pete Buttigieg calls for national service plan that offers student debt relief

Democratic presidential candidate Pete Buttigieg on Wednesday proposed a plan to dramatically expand service opportunities for America’s young adults while offering them financial incentives such as debt relief. “A New Call to Service” aims to create a network of 1 million national service members by 2026, Politico and other outlets reported. The South Bend, Indiana, mayor’s plan combines opportunities for service with financial benefits for young adults who could be eligible for student debt fo


Democratic presidential candidate Pete Buttigieg on Wednesday proposed a plan to dramatically expand service opportunities for America’s young adults while offering them financial incentives such as debt relief. “A New Call to Service” aims to create a network of 1 million national service members by 2026, Politico and other outlets reported. The South Bend, Indiana, mayor’s plan combines opportunities for service with financial benefits for young adults who could be eligible for student debt fo
Democratic candidate Pete Buttigieg calls for national service plan that offers student debt relief Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-03  Authors: elizabeth myong, annie nova
Keywords: news, cnbc, companies, national, candidate, presidential, pete, service, million, student, young, democratic, debt, south, plan, vocational, buttigieg, relief, offers


Democratic candidate Pete Buttigieg calls for national service plan that offers student debt relief

COLUMBIA, SC – JUNE 22: Democratic presidential candidate South Bend, Indiana Mayor Pete Buttigieg addresses the crowd at the 2019 South Carolina Democratic Party State Convention on June 22, 2019 in Columbia, South Carolina.

Democratic presidential candidate Pete Buttigieg on Wednesday proposed a plan to dramatically expand service opportunities for America’s young adults while offering them financial incentives such as debt relief.

“A New Call to Service” aims to create a network of 1 million national service members by 2026, Politico and other outlets reported.

Buttigieg, who will introduce the plan today in Iowa, said it was prompted by his own service in the U.S. Navy Reserve, which taught him valuable skills such as how to engage with people of differing views.

“National service can help us to form connections between very different kinds of Americans, as was my experience in the military,” Buttigieg said in a statement. “I served alongside and trusted my life to people who held totally different political views.”

The South Bend, Indiana, mayor’s plan combines opportunities for service with financial benefits for young adults who could be eligible for student debt forgiveness, vocational training and hiring preference.

The plan targets high schools, community colleges, vocational schools and historically black colleges and universities, as well as young adults ages 16 to 24 who are not working or attending school, Politico reported.

The initiative would increase the ranks of national service members to 250,000, more than tripling the existing 75,000 positions, which would cost $20 billion over 10 years, according to AP. It’s unclear how those and other costs of the program would be covered.

Through the plan, Buttigieg would fund existing groups such as Americorps and create new types of organizations akin to Climate Corps, Community Health Corps and the Intergenerational Service Corps.

The ultimate goal is to create a pipeline for up to 4 million high school students who would take part in the programs annually.

Previously, presidential candidate Seth Moulton released his own “National Service Education Guarantee,” a plan focused on the 33.4 million Americans between the ages of 17-24. His plan would also offer financial incentives such as supplemental college tuition and vocational training.

Buttigieg’s plan offers a new approach to attack student debt, an issue that other candidates for the Democratic nomination have also taken on. Sen. Bernie Sanders, I-Vt., announced a plan to forgive the country’s $1.6 trillion in student loans, and Sen. Elizabeth Warren, D.-Mass., suggested legislation that would eliminate $50,000 in student loan debt for each of 42 million Americans.

The Buttigieg campaign did not immediately respond to CNBC’s request for comment.


Company: cnbc, Activity: cnbc, Date: 2019-07-03  Authors: elizabeth myong, annie nova
Keywords: news, cnbc, companies, national, candidate, presidential, pete, service, million, student, young, democratic, debt, south, plan, vocational, buttigieg, relief, offers


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