News
Disney inks deal with MLB and LaLiga to ESPN+ as streaming revenue slows
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.
News
SoftBank sells Nvidia stake to fund massive AI push
SoftBank sells $5.8B Nvidia stake to invest in AI, sparking analysts’ views on Masayoshi Son’s bold gamble.
SoftBank sells $5.8B Nvidia stake to invest in AI, sparking analysts’ views on Masayoshi Son’s bold gamble.
SoftBank has sold its entire $5.8 billion Nvidia stake to double down on artificial intelligence, investing heavily in OpenAI and the colossal $500 billion Stargate data-centre project.
Analysts say it’s Masayoshi Son’s boldest tech gamble yet.
#SoftBank #Nvidia #OpenAI #AI #MasayoshiSon #Stargate #TechNews #Investing #DataCenters #ArtificialIntelligence
News
Senate passes deal to end historic shutdown
Senate passes spending bill to end shutdown, funding key departments and adding privacy safeguards with House and presidential support expected.
Senate passes spending bill to end shutdown, funding key departments and adding privacy safeguards with House and presidential support expected.
The U.S. Senate has approved a spending bill 60–40 to end the nation’s longest government shutdown, with House support and presidential backing expected.
The package funds key departments through January while adding new privacy safeguards for lawmakers.
#USPolitics #GovernmentShutdown #SenateVote #Congress #Trump #MikeJohnson #Washington #USNews #FederalFunding #CapitolHill
News
Sussan Ley’s leadership tested amid net-zero debate
Sussan Ley’s leadership faces challenge as Liberal MPs debate net zero emissions policy amid divisions between moderates and conservatives
Sussan Ley’s leadership faces challenge as Liberal MPs debate net zero emissions policy amid divisions between moderates and conservatives
– Sussan Ley’s leadership is questioned as the Liberal party debates net-zero emissions amidst internal divisions.
– Moderate MPs warn losing elections if net-zero is abandoned, highlighting urban voter support for a 2050 target.
Leadership contenders like Angus Taylor and Andrew Hastie support staying committed to the Paris Agreement, rejecting a net-zero commitment. Taylor indicated future leadership aspirations are not confirmed.
Pro-net-zero frontbencher Tim Wilson seeks decisive leadership to address the issue. Ley’s lack of internal guidance frustrates moderates, creating uncertainty regarding her stance on net-zero. While some conservatives advocate for its dismissal, others display mixed support.
Liberal party dynamics shift as polling reveals significant opposition to net-zero among constituents. The upcoming party room meeting and shadow ministers gathering will aim to finalise the Coalition’s position.
Internal Divisions
Moderate MPs warn that elections will be lost if net-zero is abandoned, emphasising its importance in urban areas.
A poll indicates strong support for a 2050 net-zero target among voters. Critics of the Nationals’ policy argue it is misguided and incompatible with national interests.
Calls for resignation from frontbench positions are met with opposition. Some representatives voiced frustration over the timing of the meeting, suggesting it should have been resolved earlier.
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