Walt Dis­ney Co.

The Washington Post Sunday - - TAKING STOCK -

an­nounced a move to bol­ster its sub­scrip­tion and stream­ing em­pire as it plans to end its re­la­tion­ship with Net­flix and ramp up its on­line ESPN of­fer­ings. Dis­ney said no new re­leases will be avail­able on Net­flix af­ter 2019. In­stead, Dis­ney will launch its own video stream­ing ser­vice for con­sumers to di­rectly ac­cess the com­pany’s movies and shows. To help its cause, Dis­ney an­nounced it was buy­ing a ma­jor­ity own­er­ship in BAMTech, a video-stream­ing com­pany, for more than $1.5 bil­lion. Net­flix said later that it is in “ac­tive dis­cus­sions” with Walt Dis­ney about keep­ing Marvel and “Star Wars” films af­ter 2019. Google’s chief ex­ec­u­tive, Sun­dar Pichai, can­celed an all-hands meet­ing af­ter em­ploy­ees ex­pressed con­cerns about their safety. Google was ex­pected to ad­dress the con­tro­versy sur­round­ing a di­vi­sive memo writ­ten by a Google engi­neer that was made pub­lic, in which he sug­gested that in­nate, bi­o­log­i­cal fac­tors are part of the rea­son for the gen­der gap in the tech in­dus­try and that Google should “stop alien­at­ing con­ser­va­tives.” The engi­neer, James Damore, was fired for vi­o­lat­ing Google’s code of con­duct. Uber Tech­nolo­gies backer Bench­mark Cap­i­tal filed a law­suit against the start-up’s founder Travis Kalan­ick for us­ing al­legedly fraud­u­lent means to pack the board with his loy­al­ists. At the heart of the Bench­mark law­suit is a pro­vi­sion that ven­ture cap­i­tal­ists say is highly un­usual. It al­lowed the Uber founder to per­son­ally ap­point three mem­bers to Uber’s eight-seat board, ef­fec­tively let­ting him slant the board his way af­ter he re­signed. Tesla in­creased its de­but bond deal to $1.8 bil­lion as it seeks to fi­nance pro­duc­tion of the Model 3 that the elec­tric-car maker has staked its fu­ture on. The eight-year bonds re­port­edly will have a yield of 5.3 per­cent. The sale is pri­vate. Gen­eral Elec­tric will close its man­u­fac­tur­ing fa­cil­ity in Rochester, N.Y., next June, and the work will be moved to China, the com­pany said. J.C. Pen­ney fol­lowed Macy’s and Kohl’s in re­port­ing de­clin­ing sales in the sec­ond quar­ter, send­ing its shares down 16 per­cent Fri­day. Oprah Win­frey has teamed up with food gi­ant Kraft Heinz to launch a line af­ter cre­at­ing a joint ven­ture ear­lier this year. The new brand, called O, That’s Good!, will of­fer com­fort foods with added veg­eta­bles, such as mashed pota­toes with cau­li­flower mixed in. Con­sumer Re­ports is with­draw­ing its rec­om­men­da­tion for four new Mi­crosoft lap­tops and tablets af­ter a sur­vey showed that one-quar­ter of the com­pany’s older Sur­face de­vices posed prob­lems for their own­ers af­ter only two years.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.