You can stream the eagles, and we're not talking football. Minnesota's launching an eagles' nest livestream to showcase birds of prey lounging in their off hours. A similar avian airing last year drew viewers from 160 countries. US indexes barely budged yesterday. After the bell, Nvidia reported expectation-beating #s, with sales nearly doubling from a year ago (though growth is slowing). Bitcoin hit a fresh record of nearly $95K after the launch of options on BlackRock's spot bitcoin ETF. 👂 Hear, hear: Tune in to the latest episode of "Snacks Mix" on Spotify or Apple Podcasts for fresh takes on big-box earnings and ByteDance's AI moves. |
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Getting a spin-off… not the "Joanie Loves Chachi" kind. NBCUniversal owner Comcast said it's spinning off almost all of NBCU's cable-TV biz. The new company's channels will include CNBC, USA, E!, and Syfy. Meanwhile, NBCU will hang on to assets including Universal Studios theme parks, the streaming service Peacock, and movies like "Wicked." Though most TV channels will belong to the new company, NBCU will keep Bravo (can't lose "Real Housewives") and NBC's eponymous broadcast channels. |
- Channel change: Comcast spent nearly $30B to acquire NBCU in the early 2010s, and, in the heyday of hits like "Friday Night Lights," it was a cash cow.
- Cord chop: As viewers switched to streaming, Comcast lost an estimated 2M cable subscribers last year, while major TV companies shed a combined 5M.
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Losing the remote… Comcast's not the only media co slimming down its cable biz. In August Warner Bros. Discovery and Paramount slashed the valuations of their cable businesses by a combined $15B+. Paramount's incoming CEO has called linear TV a "declining business," and Fox in 2019 sold off a big chunk of its channels to Disney, including National Geographic and FX. Disney's mostly hung on to its cable portfolio, but last year suggested channels like ABC were on its priority backburner. But most companies have hesitated to stage a major unwinding like Comcast's. |
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Cable's last scene is in slo-mo… The Great Cord Cut isn't happening overnight, for one key reason: cable is still lucrative. Meantime, some streamers (including NBCU's Peacock) are struggling to turn a profit. In Q3 the Olympics helped boost Comcast's media revenue (mostly TV networks) by 37%; even without the Olympics, revenue rose 5%. But as streaming services dive into live-sports deals, cable could lose its lifeline. |
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🚨 No, it's not the publicly traded tech giant you might expect… Meet $MODE, the disruptor turning phones into potential income generators. Investors are buzzing about the company's pre-IPO offering.1 📲 Mode saw 32,481% revenue growth from 2019 to 2022, ranking them the #1 overall software company on Deloitte's most recent fastest-growing companies list2 by aiming to pioneer "Privatized Universal Basic Income" powered by technology — not government. Their flagship product, EarnPhone, has already helped consumers earn & save $325M+. 🫴 Mode's Pre-IPO offering1 is live at $0.25/share — 20,000+ shareholders already participated in its previous sold-out offering. There's still time to get in on Mode's pre-IPO raise and even lock in 100% bonus shares3…. Invest in Mode before their share price changes on 11/22 (and lock in up to 2X bonus stock).4 |
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🚨 No, it's not the publicly traded tech giant you might expect… Meet $MODE, the disruptor turning phones into potential income generators. Investors are buzzing about the company's pre-IPO offering.1 📲 Mode saw 32,481% revenue growth from 2019 to 2022, ranking them the #1 overall software company on Deloitte's most recent fastest-growing companies list2 by aiming to pioneer "Privatized Universal Basic Income" powered by technology — not government. Their flagship product, EarnPhone, has already helped consumers earn & save $325M+. 🫴 Mode's Pre-IPO offering1 is live at $0.25/share — 20,000+ shareholders already participated in its previous sold-out offering. There's still time to get in on Mode's pre-IPO raise and even lock in 100% bonus shares3…. Invest in Mode before their share price changes on 11/22 (and lock in up to 2X bonus stock).4 |
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The plot thickens… HarperCollins became the first Big Five publisher to sign an AI licensing deal, confirming it reached an agreement with an unnamed tech company (spoiler: it's said to be Microsoft). Harper would let Microsoft use some of its nonfiction titles to train AI models — but only if authors opt in. Authors who agree to have their work hoovered up for training purposes will reportedly get a $5K fee per title, which they would split evenly with Harper. Microsoft, which has integrated AI across its products, reportedly wants the books for an upcoming model. May AI use your content?… As chatbot copyright-infringement lawsuits pile up, AI companies are starting to strike major content-licensing deals. HarperCollins parent NewsCorp signed a reported $250M agreement with OpenAI this year that would let the ChatGPT maker use articles from its pubs (including The Wall Street Journal and Barron's) to answer queries and in training. OpenAI has made similar deals with other news publishers including Axel Springer (Business Insider, Politico), Vox Media, Dotdash Meredith, and Time. And Microsoft partnered with Reuters, Hearst, and Axel Springer on AI news features. In September, "John Wick" studio Lionsgate gave AI-video startup Runway access to its movie library. |
- Playing defense: The New York Times and others have sued AI companies, alleging they stole their work for training. There are also several suits from authors including George R.R. Martin, John Grisham, and Jodi Picoult.
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If you think you can't beat 'em, join 'em… AI companies are trying to avoid legal fallout before court battles set a precedent, but publishers are also trying to cover themselves in case the gavel doesn't fall in their favor. Authors Guild CEO Mary Rasenberger said: "AI is here to stay. Our goal is to make sure AI use becomes part of a licensing regime rather than to be considered fair use." |
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McDonald's needs consumers to come back. Enter the McRib. Read more. |
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- Target shares sank more than 20% yesterday after the retailer cut its annual forecast, saying quarterly sales and profit sagged.
- The TSA and AAA predicted record travel over Thanksgiving weekend as average gas prices could fall below $3/gallon for the first time since 2021.
- Former FTX CTO Gary Wang will serve no additional time behind bars after a judge lauded his cooperation in the gov't's prosecution of Sam Bankman-Fried.
- McDonald's reportedly plans to extend its $5 meal deal through the first half of next year as it works to lure back customers following an E. coli outbreak.
- CVS, UnitedHealth, and Cigna sued the FTC, arguing that the regulator's case against their pharmacy benefit managers' high insulin pricing was unconstitutional.
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- Apple's recent $3T valuation has spurred a series of impressive raises among smartphone innovators — and $MODE's pre-IPO offering1 is no exception. It's now live at $0.25/share — lock in up to 100% bonus shares3 while the raise lasts.4
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- Weekly jobless claims
- Existing-home sales
- Earnings expected from Baidu, Deere & Co., BJ's Wholesale Club, Warner Music, Ross Stores, Gap, Intuit, and NetApp
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Authors of this Snacks own bitcoin and shares of: CVS, Disney, Microsoft, Target, Nvidia, Warner Music, and Warner Bros. Discovery |
Advertiser's disclosures:
1 Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur. 2 The rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period. 3 A minimum investment of $1,950 is required to receive bonus shares. 100% bonus shares are offered on investments of $9,950+. 4 Please read the offering circular and related risks at invest.modemobile.com. This is a paid advertisement for Mode Mobile's Regulation A+ Offering. Past performance is no guarantee of future results. Start-up investments are speculative and involve a high degree of risk. Those investors who cannot afford to lose their entire investment should not invest in start-ups. Companies seeking startup investment tend to be in earlier stages of development and their business model, products and services may not yet be fully developed, operational or tested in the public marketplace. There is no guarantee that the stated valuation and other terms are accurate or in agreement with the market or industry valuations. Further, investors may receive illiquid and/or restricted stock that may be subject to holding period requirements and/or liquidity concerns. DealMaker Securities LLC, a registered broker-dealer, and member of FINRA | SIPC, located at 105 Maxess Road, Suite 124, Melville, NY 11747, is the Intermediary for this offering and is not an affiliate of or connected with the Issuer. Please check our background on FINRA's BrokerCheck. ⁵ This is a private company. There is no guarantee that the stated valuation and other terms are accurate or in agreement with the market or industry valuations. This valuation was calculated in 2021.
⁶ This amount was raised in 8 rounds since 2012.
⁷ "The Use and Value of Financial Advice for Retirement Planning" (2020). The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of your future results. Please follow the link to see the methodologies employed in the Journal of Retirement study.
To assess the value added by an advisor, the authors develop a unique metric of retirement income replacement that incorporates health-based life expectancy and household-specific financial circumstances. The approach estimates the percentage of annual pre-retirement income that a household will be able to spend each year in retirement. Please see Journal of Retirement study for further details.
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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more |
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