NFLX Sep 2024 370.000 call
- Yahoo Finance Video
Netflix: Sports is the 'go-forward business,' analyst says
Netflix (NFLX) and the National Football League (NFL) have announced a new partnership to bring NFL games to the streaming platform on Christmas Day. This move marks a significant shift for Netflix as it ventures into the realm of live sports broadcasting. Citi Managing Director Jason Bazinet joins Yahoo Finance to provide his insights on this deal. Bazinet highlights his previous concern regarding Netflix's ability to achieve global scalability with its content offerings. He notes that two avenues to attain this scalability are through sports and video games, which Netflix has been actively pursuing. While Netflix was initially hesitant to embrace sports content, Bazinet states that with the NFL deal and the existing partnership with the WWE, Netflix has now officially entered "the sports business." "I think this is much more about testing the waters, learning how to do advertising inside of sports, and then sort of down the road presumably bidding on more sports rights and doing more advertising. I think it's a good thing, it's just a natural evolution of the business," Bazinet tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Angel Smith
- Yahoo Finance Video
CPI market outlooks, Netflix deal, AI in tech: Catalysts
On today's episode of Catalysts, co-hosts Seana Smith and Madison Mills explore market reactions to economic data, company announcements, and the latest developments in the AI sector. Market dynamics take center stage as the show dissects the ripple effects of Wednesday's Consumer Price Index (CPI) print and the resurgence of the meme stock frenzy. Yahoo Finance's Jared Blikre breaks down the market response to the meme trade resurgence. Rabobank Senior Cross-Asset Macro Strategist Christian Lawrence joins the discussion to shed light on the implications of the CPI print for market outlooks. Additionally, Loomis Sayles Head of Full Discretion Team Matt Eagan and Nuveen Head of Municipals Dan Close offer their insights on market outlooks after the CPI release. The show also spotlights a several trending tickers, including Netflix (NFLX), which will now stream two holiday NFL games, Alphabet (GOOG, GOOGL), which unveiled new AI features at its Google I/O conference, and SunPower Corporation (SPWR), the recipient of a downgrade from Wolfe Research. Furthermore, BCG Global Chair Rich Lesser joins the discussion to explore the growing investments in generative AI from tech companies. This post was written by Angel Smith
- Reuters
PRESS DIGEST- Wall Street Journal - May 16
The following are the top stories in the Wall Street Journal. - Microsoft is asking hundreds of employees in China to consider transferring outside the country amid a rise in tensions between Washington and Beijing around critical technology like cloud computing and artificial intelligence. - International Business Machines is selling to Palo Alto Networks its cloud-based QRadar cybersecurity software as the two technology companies deepen their partnership in jointly selling and developing security products powered by artificial intelligence.
