DirecTV vs Disney: FCC Complaint Over Licensing Dispute
DirectTV, one of America’s biggest multichannel video programming distributors, has filed an antitrust lawsuit against Disney for wrongfully negotiating a football deal. The company filed a formal complaint with the FCC (Federal Communications Commission), alleging that Disney did not negotiate in good faith. A spokesperson for DirecTV said that Disney had breached the FCC’s good…
John David
Larry Ellison Takes the Throne at Paramount Studios
After the merger with Paramount was announced in July, there were speculations that the Skydance founder, David Ellison, would be the new boss of the CBS and MTV parent company. However, a new document filed with the Federal Communications Commission revealed that his father, Larry Ellison, the founder of Oracle, would be the real kingpin…
Joe Biden To Block Merger Between US Steel & Nippon Steel
Japan’s premier steel manufacturing company, Nippon Steel, has extended a $14 billion offer to buy US Steel. However, two sources familiar with the matter said that US President Joe Biden is prepared to block the transaction due to national security concerns. As the 2024 US Presidential election campaigning is at its peak, campaigners from both…
Nvidia Suffers Billions in Losses as Market Value Plunge
Once the most valuable company in the world, Nvidia has suffered major setbacks in the last few months. The most recent one came on Tuesday when the company’s share plunged 9.5% or $279 billion. This marked the deepest single-day decline in the history of the US stock market. Analysts state that the main reason for…
Elon Vs Brazil: No X Ban on Starlink, Says Elon Musk
Elon Musk is increasing his troubles by expanding his fight against the Brazilian authorities. For weeks, the billionaire has refused the Brazilian court’s request to ban a few accounts on his X platform. As a result, the court placed a nationwide ban on the platform. However, Elon has urged the Brazilian masses to use VPNs…
Viewers Feeling the Brunt of the Disney & DirecTV Dispute
There are always disputes in the entertainment industry, and more often than not, the viewers have to pay the price of such disputes. A similar instance occurred on Sunday when many DirecTV subscribers were left without access to popular networks like ESPN and ABC, cutting the viewership of the U.S. Open Tennis championship. The dispute…
Apple And Nvidia Interested in Investing in OpenAI
OpenAI, the world’s biggest AI research organization, has announced that it will be conducting another funding round that could value the firm at over $100 billion. However, the most interesting part is that two of the world’s tech companies seem to be interested in participating in the funding round. According to a report by the…
Are Nvidia’s Glory Days Over? Investors Not Happy
Nvidia’s quarterly forecast was released on Wednesday, and contrary to popular belief, it failed to meet investors’ expectations. As a result, the company’s share fell by 6% in after-hours trading. This affected not only Nvidia but also other tech giants, including AMD, Broadcom, and a few other tech behemoths. Although the company saw heady growth…
Tesla CEO Elon Musk Backs Legislation to Safeguard AI
Elon Musk, Tesla’s CEO and SpaceX’s founder has said that the state of California should pass an AI regulation bill that will require tech companies and AI developers to conduct safety testing and implement safeguards against cyberattacks. Musk, the CEO of social media platform X, who has been involved in AI companies like openeAI and…
Uber Fined $324M: Is Its Europe Business in Jeopardy?
One of the biggest multinational transport companies in the world, Uber, has been hit with a massive Є290 million($324 million) fine for violating European Union laws for data privacy. According to the Dutch Data Protection Authority, Uber, which has its European headquarters in Amsterdam, transferred the sensitive private information of many of its drivers to…