Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Disney inks deal with MLB and LaLiga to ESPN+ as streaming revenue slows

Published

on

Disney is expanding its presence in the wide world of sports.

Disney has signed on a new seven-year agreement with Major League Baseball and an eight-year pact with Spain’s LaLiga soccer league.

This is latest in a series of sports-programming deals by the entertainment giant of the world.

It’s already the parent of ESPN and now set to broadcast 30 regular MLB games per season.

The soccer deal gives ESPN+ rights to the English and Spanish-language coverage of LaLiga.

It’s all part of ESPN sports-rights renewal binge that’s been happening this year.

Is this a bid to boost subscribers to Disney affiliated networks? The two sports deals represent a big financial commitment. 

“ESPN’s longstanding relationship with Major League Baseball has been a driver of innovation for three decades,” ESPN Chairman Jimmy Pitaro said in a statement.

“This agreement solidifies baseball’s ubiquitous presence across ESPN platforms, including ESPN+.”

According to Bloomberg, Disney will pay $175 million a year for soccer, according to a person familiar with the matter, which would be more than the Premier League’s deal with Comcast Corp.’s NBC.

“For the baseball deal, the sports news site the Athletic reported earlier this year that Disney could be paying as much as $150 million a year less for the package,” Bloomberg said.

It previously had an eight-year deal worth $5.8 billion for considerably more games.

This follows Walt Disney Co missing analysts’ estimates for quarterly revenue.

The slump is being blamed on a decrease in new subscribers to Dinsey Plus and operations at its theme parks remaining restricted.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Trump proposes $100,000 H-1B visa fee increase

Trump announces massive H-1B visa fee increases and introduces $1 million ‘gold card’ to reshape immigration system

Published

on

Trump announces massive H-1B visa fee increases and introduces $1 million ‘gold card’ to reshape immigration system

video
play-sharp-fill
In Short:
– Trump announced a $100,000 fee for H-1B visas and a $1 million residency gold card to boost American hiring.
– Critics argue increased fees may limit smaller firms’ access to foreign talent, impacting U.S. tech innovation.
President Trump announced significant changes to the U.S. immigration system, introducing a new $100,000 fee for H-1B visas and a $1 million “gold card” for residency.
The move aims to increase revenue and promote the hiring of American workers, claiming that many tech companies exploit the current system.The fee increase targets H-1B visa applications, which traditionally have low entry costs.

Trump stated the initiative aims to bring in highly skilled individuals rather than those crossing the borders illegally. A gold card requiring a $1 million payment will expedite visa processing, with a reduced availability compared to existing green card categories.

Banner

The new programme could alter the competitive landscape for U.S. tech companies, which historically depend on H-1B visas to access foreign talent.

Critics warn that the increased fees may deter smaller firms from utilising these visas, potentially hindering U.S. progress in tech sectors like artificial intelligence.

Visa Impact

Debate persists within Trump’s administration regarding the new policy’s implications. Supporters argue it protects American jobs, while opponents contend it restricts access to global talent crucial for innovation.

The H-1B visa programme, established in 1990, remains vital for skilled foreign workers seeking residency in the U.S., yet faces growing scrutiny.


Download the Ticker app

Continue Reading

News

Fourth death confirmed due to Optus outage issues

Fourth death confirmed following Optus outage that blocked Triple Zero calls for 13 hours during network upgrade

Published

on

Fourth death confirmed following Optus outage that blocked Triple Zero calls for 13 hours during network upgrade

video
play-sharp-fill
In Short:
– A fourth death is confirmed due to an Optus network failure affecting emergency calls for 13 hours.
– Optus CEO announced an investigation after communication failures and criticism from politicians and emergency services.
A fourth death has been confirmed following an Optus network failure that prevented emergency calls to Triple Zero for 13 hours.
Initially, Optus reported three fatalities, including an infant and two elderly individuals from South Australia and Western Australia. The latest victim is a 49-year-old man from Perth.Optus CEO Stephen Rue expressed deep sorrow over the incident and announced a full investigation into the network update that caused the outage.

He stated that approximately 600 calls to emergency services were disrupted, impacting residents across South Australia, Western Australia, and the Northern Territory.

Banner

Rue confirmed that the outage stemmed from a problematic firewall upgrade and revealed details of communication failures within the company. Politicians and emergency services expressed anger at the lack of timely information during the crisis.

System Failure

South Australian Premier Peter Malinauskas criticised Optus for their incompetence in handling the situation.

The federal communications minister also condemned the company, highlighting that such failures are unacceptable.

The incident follows a previous outage for which Optus was fined $12 million, raising serious concerns about their emergency service handling.


Download the Ticker app

Continue Reading

News

Israel launches its new “Iron Beam” laser system

Israel’s new “Iron Beam” laser defense system to deploy by year-end, promising cost-effective missile interception.

Published

on

Israel’s new “Iron Beam” laser defense system to deploy by year-end, promising cost-effective missile interception.


Israel’s Defence Ministry says its new “Iron Beam” laser system will be deployed by year’s end. The technology is designed to destroy incoming missiles, rockets, drones and mortars with precision.

Developed by Rafael Advanced Defense Systems in partnership with Elbit Systems, Iron Beam will sit alongside existing defences such as Iron Dome, David’s Sling and Arrow. Unlike traditional interceptors which can cost tens of thousands of dollars per shot, the laser comes at negligible expense.

Officials call it the world’s first high-power laser interception system to achieve operational maturity, hailing it as a game-changer for modern warfare. Military leaders expect the system to reshape air defence capabilities and cut costs dramatically.

#Israel #Defence #LaserWeapons #TickerNews


Download the Ticker app

Continue Reading

Trending Now