Musk Taps Billionaires for Twitter Buyout; Netflix Sued Over Stock Dive; Cameo Axes 25% of Staff

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Tech News

May 05, 2022

Elon Musk Lines Up Additional $7.1 Billion for Twitter Takeover, Including $1 Billion From Larry Ellison

Elon Musk said he secured $7.14 billion in additional financing commitments, including $1 billion from Oracle co-founder Larry Ellison.

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Netflix Targeted With Shareholder Lawsuit Alleging Securities Fraud After Subscriber Miss

Netflix misled investors about declining subscriber growth in violation of U.S. securities laws, a shareholder lawsuit alleges.

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Cameo, Celebrity Video Shout-Out App, Lays Off 25% of Its Employees

Cameo, which sells customized video shout-outs from celebrities, laid off 87 employees, about 25% of its headcount.

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Roku Angling to Buy Piece of Starz in Bid With Apollo Group

Roku is teaming up with private-equity firm Apollo Group to bid for a minority stake in Lionsgate-owned Starz.

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Paramount Q1 Reaction: Streaming Sub Growth Doesn't Buoy Investors

New VIP+ Analysis: The company struggles to maintain shareholder confidence, as its other business units do little to support streaming.

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Amazon Values MGM's Content Library at $3.4 Billion

Amazon pegged the MGM deal as worth around $8.5 billion, but the studio's content library is worth less than half that, the company said.

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Peacock Will Get Bravo Shows Next-Day, NBCU Streamer Inks Lionsgate Movie Output Deal

Peacock will offer new episodes of Bravo shows the day after they air, and NBCU inked a multiyear movie output deal with Lionsgate.

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Why Netflix Needs to Embrace FAST

New VIP+ Analysis: The streamer's plan for an ad-supported subscriber tier isn't enough — it needs to add branded FAST channels, too.

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Disney Streaming Hires Netflix's Devika Chawla, Meta's Arun Chandra for Senior Posts

Disney Streaming tapped two tech veterans -- Devika Chawla from Netflix and Arun Chandra -- for senior roles.

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Understanding Cryptocurrency's Celebrity Craze

Blockchain technology and cryptocurrency have sought celebrity endorsements to bring their products to the attention of consumers and the ma …

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Amazon Freevee Orders 'Bosch: Legacy' Season 2, Inks Disney Movie Licensing Deal

Amazon Freevee (formerly IMDb TV) renewed "Bosch: Legacy" for Season 2, announced a Disney movie-output deal and a new slate of originals.

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TikTok Plans to Share Ad Revenue With Creators for the First Time

TikTok Pulse will let top creators get a cut of adv revenue and promises to let advertisers reach the cream of the short-form video crop.

                                                           

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