All that euphoria about entertainment companies jumping into streaming is abating. ViacomCBS plunged 23% on Wednesday and Discovery fell 14%, ending a rally that had sent both up 170% or so in the past few months. Both had launched new streaming services lately and benefited from investor love for anything streaming. Meanwhile, Viacom fell a little short in its plans to raise as much as $3.4...
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The Briefing Facebook Entertainment
What the Chappelle Drama Says About the Difference Between Netflix and Facebook
If news media coverage is anything to go by, the biggest drama on Netflix right now isn’t “Squid Game” but the internal company battle over Dave Chappelle’s comedy special. And what’s striking is how differently Netflix management has handled this free speech issue from how other tech executives—such as Facebook CEO Mark Zuckerberg—have handled similar content debates. (Tip of the hat to my...
China Considers Opening Tencent and ByteDance to Third-Party Search
China’s Economy Grows at Slowest Pace in a Year
Netflix Fires Employee for Leaking Metrics
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