Ups and downs in streaming land
Paid streaming subscribers that Disney lost in the first quarter, its biggest drop ever and proof that CEO Bob Iger was serious when he said he wasn’t going to chase subscribers at the expense of profits. Losses in the unit narrowed to $659 million, from $900 million a year ago. Shares are down 9% today.
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The amount Netflix plans to invest in developing television shows, movies, and unscripted programs from South Korea over the next four years. Its two previous Korean hits, Squid Game and The Glory, are both among the streaming giant’s most popular shows ever. The ongoing writer’s strike in Los Angeles and New York has disrupted the production of some Netflix programs, including Stranger Things, but its growing international operations are largely unaffected.
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Can the U.S. win the microchip war?
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