NFLX Sep 2024 740.000 put
- 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-New York Times business news - May 16
Netflix announced a three-season deal with the National Football League on Wednesday that will include showing two Christmas Day games on its service this year, making it the first time the streaming giant has become partners with a major sports league. - Billionaire and former owner of the Los Angeles Dodger Frank McCourt said he was working to put together a group of bidders to buy social media app TikTok in the United States. - Automakers in the United States and their supporters welcomed President Biden's tariffs on Chinese electric vehicles, saying they would protect domestic manufacturing and jobs from cheap Chinese vehicles.
