After 146 days, WGA has reached a tentative deal with Hollywood studios, which is one of the steps need to get film and television production going again. Needham & Co. Senior Analyst Laura Martin explains how strikes could impact the volume of content that streaming services produce. “Wall Street is demanding they.. move to profitability faster,” Martin says. For streamers, this could mean cutting down seasons by filming fewer episodes—“less content spending”, as Martin notes. Martin expects consolidation in the industry, which will help “get rid of duplicative costs.” In regards to smaller streamers, Martin states that due to large competitors such as Amazon (AMZN) and Netflix (NFLX) “there’s no advantage to being small.” For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Amazon’s outgoing head of devices Dave Limp will take over the helm of Jeff Bezos’ Blue Origin at the end of the year, the space company said on Monday. Limp, who for years has led the team developing the Seattle-based tech giant’s Alexa voice assistant and other devices, will replace Blue Origin’s chief executive Bob Smith in December. Blue Origin, which is owned by Amazon founder Bezos, was the first company to successfully launch, land and reuse a rocket.
Artificial intelligence hype isn't going anywhere anytime soon, with these two tech heavyweights recently grabbing market headlines. Interestingly enough, both companies have enjoyed favorable earnings estimate revisions from analysts over the last several months.