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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.

Trump Says CNN Should Be Sold in Any Warner Bros. Discovery Megadeal

President Donald Trump said on Wednesday that  CNN should be sold or placed under new leadership , regardless of which company ultimately acquires Warner Bros. Discovery, putting the media company at the center of a growing political and corporate battle. Trump: “It’s imperative that CNN be sold” Speaking at the White House, Trump said any buyer of Warner should ensure CNN is either included in the deal or sold separately. “I think it’s imperative that CNN be sold,” he said. “I don’t think the people running that company right now should be allowed to continue.” Behind the scenes, Trump has been telling allies that CNN needs new ownership or leadership, even if Netflix’s offer for Warner is approved. Mega Bids Complicate CNN’s Future Two major bids are on the table: Netflix’s US$72 billion deal , covering Warner’s studios and HBO Max — but  NOT  CNN Paramount’s US$77.9 billion hostile bid , which includes all cable networks, including CNN Paramount CEO David Ellison repor...

Trump Flags Antitrust Concerns Over Netflix’s US$72b Bid for Warner Bros Discovery

 US President Donald Trump warned that Netflix Inc’s planned  US$72 billion acquisition  of Warner Bros Discovery Inc could pose antitrust issues, adding political uncertainty to one of the largest media deals in history. Speaking at an event at the Kennedy Center, Trump said the combined company’s market share “could be a problem” — comments likely to heighten concerns that US regulators may challenge the merger. “Well, that’s got to go through a process, and we’ll see what happens,” Trump said on Sunday, confirming he recently met Netflix co-CEO Ted Sarandos. The remarks come as the deal faces what is expected to be an extensive review by the Justice Department, which will evaluate whether combining the world’s largest streaming platform with a major Hollywood studio violates competition laws. Prediction market Polymarket saw expectations for the deal’s completion fall sharply — from around  60% to 23%  — following Trump’s comments. Warner Bros shares rose 1% ...

Key Earnings to Watch: Big Tech in Focus

 The upcoming earnings season is shaping up to be a high-stakes moment for U.S. tech giants. Eyes are on  Netflix, NVIDIA, Meta Platforms, and Alphabet , all poised to deliver impactful results.  Netflix Kicks Off Earnings Season  Netflix will be the first major tech name to report, officially launching this quarter’s earnings wave. Expectations are high: Revenue : $11.04B (+15.51% YoY) EPS : $7.07 (+44.8% YoY) Strong growth and expanding margins suggest confidence in subscriber and content strategies.  NVIDIA: AI Powerhouse Still Charging Ahead NVIDIA continues to lead the AI wave with: Revenue growth : +51.86% EPS growth : +38.66% This reflects sustained enterprise demand for AI chips and infrastructure, positioning NVIDIA as a core AI winner. Meta & Alphabet: Digital Ad Titans Stay Resilient Despite economic pressure, both companies are expected to post solid numbers: Meta : +14.25% revenue growth Alphabet : +10.73% revenue growth Both platforms benefit f...

What to Expect This Week: Key Earnings, Inflation Data & Fed Insights

This week brings a high-stakes combination of  corporate earnings, inflation data, and Fed commentary , all of which could influence market sentiment and monetary policy outlooks. Earnings Watch: Spotlight on JPMorgan, Bank of America & Netflix 1. JPMorgan Chase (JPM)  –  Reports Tuesday Trading strength : Estimated 8% jump in trading revenue amid early-quarter volatility. Loan profit growth : Forecasted +3.2% YoY. Expense control : Expected to remain flat YoY, aligning with management guidance. Outlook : Piper Sandler suggests JPM may raise full-year  net interest income (NII)  guidance. However, earnings growth is likely to  lag peers . 2. Bank of America (BAC)  –  Reports Wednesday Net interest income : Citi expects only a 1% sequential increase, impacted by  high deposit costs and lower yields . Revenue : Projected to fall 3% QoQ due to a strong Q1 base in trading. Outlook : Margin pressure remains, but still navigating through high-r...

Max Enters Asia: Warner Bros Bets on Blockbusters Over Local Content

  Key Takeaway: Warner Bros Discovery launches Max streaming service in Asia , relying on Hollywood blockbusters instead of investing heavily in local content, differentiating itself from rivals Netflix and Disney. Max’s Strategy in Asia Established Franchises: Banking on global hits like Harry Potter, Friends , and Game of Thrones to attract subscribers, rather than creating local content. Partnership Approach: Collaborating with local platforms and telecom operators to drive growth efficiently. Example: Max is bundled with U-Next in Japan and available on Sky in New Zealand. Tailored Rollouts: Strategies vary by country to suit local consumption habits. Market Landscape Challenges for Rivals: Netflix: Investing in regional original content with its “local for local” strategy. Disney: Scaling back operations in Southeast Asia and focusing on Korean dramas and Japanese anime . Amazon: Redirecting its focus to India and Japan, exiting Southeast Asia. Regional Competitors:...

Philippines Introduces 12% VAT on Streaming Services Like Netflix and HBO

Philippine President Ferdinand Marcos Jr. has signed a law imposing a 12% value-added tax (VAT) on non-resident digital service providers, including major streaming platforms like Netflix , HBO , and Disney . This new law is among the first revenue-generating measures prioritized by the Marcos administration. It encompasses a wide range of digital services, including online search engines, media, advertising platforms, as well as digital marketplaces and goods, and cloud services. “If you are reaping the rewards of a fruitful digital economy here, it is only right that you contribute also to its growth,” Marcos stated during the signing event. He emphasized that the legislation aims to equalize the tax obligations of local businesses and international digital platforms. The Philippines, known for having one of the highest rates of mobile phone usage globally, is leveraging technology companies to boost revenue for infrastructure projects and other government initiatives amid fiscal c...

Streaming Services: Key Stocks to Watch for Investment Potential

The streaming industry has become a staple in daily life, akin to essential habits like grabbing a coffee or checking social media. A recent Forbes study reveals that 99% of US households now subscribe to at least one streaming service. This trend extends globally, with Latin America and the Asia Pacific experiencing subscriber growth rates of 8% and 21% respectively. The demand for streaming is clear, but so is the competition. Companies must balance fair pricing and diverse content to maintain customer satisfaction. Forbes also notes that 45% of Americans canceled a streaming service due to high costs, underscoring the competitive market's potential for clear winners and losers. Netflix: Dominance and Financial Strength Netflix (NASDAQ: NFLX) stands as the industry leader. Originally a DVD rental service, Netflix has transformed into a streaming giant, especially after launching its “Netflix Original Series” in 2013. By 2014, Netflix had 50 million subscribers worldwide, and toda...