X CEO Linda Yaccarino says Elon Musk has been actively training for a cage match against Mark Zuckerberg, in her first interview since joining the company as CEO.
Yaccarino was interviewed on CNBC’s “Squawk on the Street,” on Thursday, where she detailed plans for the future of the social media including video calls, in-app payments, and brand safety for advertisers.
The idea that Musk and Zuckerberg might face-off was first mentioned in June after the rumors began to circulate about Meta’s competitor to Twitter. Musk has since said that the fight will be live-streamed on his social media.
When asked whether a Musk-Zuck cage match is good for business, Yaccarino said “I think it is a separate excitement from the business,” of X.
“I represent all business operations,” Yaccarino said. “ I don’t think I will be on the undercard for the cage match.”
The X CEO continued...
Yaccarino was interviewed on CNBC’s “Squawk on the Street,” on Thursday, where she detailed plans for the future of the social media including video calls, in-app payments, and brand safety for advertisers.
The idea that Musk and Zuckerberg might face-off was first mentioned in June after the rumors began to circulate about Meta’s competitor to Twitter. Musk has since said that the fight will be live-streamed on his social media.
When asked whether a Musk-Zuck cage match is good for business, Yaccarino said “I think it is a separate excitement from the business,” of X.
“I represent all business operations,” Yaccarino said. “ I don’t think I will be on the undercard for the cage match.”
The X CEO continued...
- 8/10/2023
- by Natalie Korach
- The Wrap
Disney CEO Bob Iger says Marvel chairman Ike Perlmutter was “intent” on firing Marvel Studios chief Kevin Feige in 2015 when the two were at odds.
In an interview with CNBC’s David Faber on “Squawk on the Street,” Iger said that Nelson Peltz, who was working with Perlmutter at the time, wasn’t too thrilled at the prospect of Perlmutter’s ceding control of Marvel Studios.
“Our filings indicate that both Ike and Nelson were working together to try to encourage the board or convince the board to put Nelson on the board,” Iger said. “They have a relationship that dates back quite some time. We bought Marvel in 2009. I promised Ike the job that he would continue to run Marvel after that. Not forever, necessarily. But after that. And in 2015 he was intent on firing Kevin Feige who was running Marvel’s studio, the movie making [operation] at the time,...
In an interview with CNBC’s David Faber on “Squawk on the Street,” Iger said that Nelson Peltz, who was working with Perlmutter at the time, wasn’t too thrilled at the prospect of Perlmutter’s ceding control of Marvel Studios.
“Our filings indicate that both Ike and Nelson were working together to try to encourage the board or convince the board to put Nelson on the board,” Iger said. “They have a relationship that dates back quite some time. We bought Marvel in 2009. I promised Ike the job that he would continue to run Marvel after that. Not forever, necessarily. But after that. And in 2015 he was intent on firing Kevin Feige who was running Marvel’s studio, the movie making [operation] at the time,...
- 2/9/2023
- by Umberto Gonzalez
- The Wrap
Disney CEO Bob Iger hasn’t ruled out that the company could sell its controlling stake in Hulu while focusing on streaming revenue rather than subscriber growth.
During its Q1 2023 call with investors on February 8th, Disney reported the first subscriber loss of its flagship streaming platform Disney+ of 2.4 million subscribers. The company revealed it was responding by cutting 3 billion in content costs, with Iger saying Disney “will take a very hard look at the cost of everything we make across television and film.”
While appearing on CNBC’s Squawk on the Street the following day, Iger told host David Faber that Disney’s strategy for making streaming “a growth business” by the end of 2024 will be focusing on revenue rather than subscriber numbers. Disney has the option to buy out Comcast’s 33 stake in Hulu as early as January 2024.
Suggesting Hulu’s future is still yet to be decided,...
During its Q1 2023 call with investors on February 8th, Disney reported the first subscriber loss of its flagship streaming platform Disney+ of 2.4 million subscribers. The company revealed it was responding by cutting 3 billion in content costs, with Iger saying Disney “will take a very hard look at the cost of everything we make across television and film.”
While appearing on CNBC’s Squawk on the Street the following day, Iger told host David Faber that Disney’s strategy for making streaming “a growth business” by the end of 2024 will be focusing on revenue rather than subscriber numbers. Disney has the option to buy out Comcast’s 33 stake in Hulu as early as January 2024.
Suggesting Hulu’s future is still yet to be decided,...
- 2/9/2023
- by Eddie Fu
- Consequence - Film News
Disney’s Q1 2023 earnings call on February 8 broke a lot of news, but also left a lot of items on Disney’s docket unaccounted for. Among the open questions unaddressed during the call include Disney’s plans for Hulu, which it may buy out from Comcast or sell, and the drama surrounding Trian Management CEO Nelson Peltz’s proxy fight with the company’s board of investors.
While these subjects weren’t covered during the call itself, Disney CEO Bob Iger and Peltz made appearances on CNBC February 9, giving a little more clarity to both subjects. While Iger’s statements made it clear that Hulu’s future is still an open question, Peltz’s appearance seemed to definitively close the door on the proxy fight saga.
Appearing on the channel’s “Squawk on the Street” program, Iger spoke to host David Faber about the company’s plans for streaming, including...
While these subjects weren’t covered during the call itself, Disney CEO Bob Iger and Peltz made appearances on CNBC February 9, giving a little more clarity to both subjects. While Iger’s statements made it clear that Hulu’s future is still an open question, Peltz’s appearance seemed to definitively close the door on the proxy fight saga.
Appearing on the channel’s “Squawk on the Street” program, Iger spoke to host David Faber about the company’s plans for streaming, including...
- 2/9/2023
- by Wilson Chapman
- Indiewire
With Bob Iger back in the CEO seat at Disney, will he look to grab full ownership of Hulu from Comcast — or will the company sell its stake as it looks to refocus its streaming portfolio?
Iger, not yet 90 days in his reprise as Disney’s CEO, was noncommittal on the question of Hulu’s future when asked in an interview Thursday on CNBC’s “Squawk on the Street.” Disney currently owns 67 of Hulu, and Comcast owns the remaining 33.
“Everything is on the table right now, so I am not going to speculate whether we are a buyer or a seller of [Hulu],” he said. “But I obviously have suggested that I’m concerned about undifferentiated general entertainment, particularly in the competitive landscape that we are operating in, and we are going to look at it very objectively and expansively.”
Comcast and Disney inked their deal in May 2019, which gave Disney control of Hulu.
Iger, not yet 90 days in his reprise as Disney’s CEO, was noncommittal on the question of Hulu’s future when asked in an interview Thursday on CNBC’s “Squawk on the Street.” Disney currently owns 67 of Hulu, and Comcast owns the remaining 33.
“Everything is on the table right now, so I am not going to speculate whether we are a buyer or a seller of [Hulu],” he said. “But I obviously have suggested that I’m concerned about undifferentiated general entertainment, particularly in the competitive landscape that we are operating in, and we are going to look at it very objectively and expansively.”
Comcast and Disney inked their deal in May 2019, which gave Disney control of Hulu.
- 2/9/2023
- by Todd Spangler
- Variety Film + TV
Activist investor Nelson Peltz has bowed out of his ongoing proxy fight with Disney, following returned CEO Bob Iger’s announcement of a sweeping restructuring plan Wednesday.
“Now Disney plans to do everything we wanted them to do,” said Peltz, the billionaire Trian Fund Management CEO and founder, while appearing on CNBC’s “Squawk on the Street” on Thursday morning. “We wish the very best to Bob, this management team and the board. We will be watching. We will be rooting. The proxy fight is over.”
In a followup statement to Variety, a Trian spokesperson confirmed: “The proxy fight is over. This is a win for all shareholders.”
Following Peltz’s public remarks, Disney issued its own statement regarding Trian’s decision to end the proxy fight ahead of the April 3 shareholders meeting.
“We respect and value the input of all our shareholders and we appreciate the decision by Trian...
“Now Disney plans to do everything we wanted them to do,” said Peltz, the billionaire Trian Fund Management CEO and founder, while appearing on CNBC’s “Squawk on the Street” on Thursday morning. “We wish the very best to Bob, this management team and the board. We will be watching. We will be rooting. The proxy fight is over.”
In a followup statement to Variety, a Trian spokesperson confirmed: “The proxy fight is over. This is a win for all shareholders.”
Following Peltz’s public remarks, Disney issued its own statement regarding Trian’s decision to end the proxy fight ahead of the April 3 shareholders meeting.
“We respect and value the input of all our shareholders and we appreciate the decision by Trian...
- 2/9/2023
- by Jennifer Maas
- Variety Film + TV
It’s been two months since Shepard Smith’s “The News With Shepard Smith” was canceled at CNBC, and now Brian Sullivan is set to fulfill the one-hour time slot with a new show called “The Last Call,” TheWrap has confirmed.
Sullivan, who is currently the anchor of “Worldwide Exchange,” will step into the role of anchor for CNBC’s new 7 p.m. business journalism show, “The Last Call.” The show comes as part of CNBC’s goal to invest more into its core content of business news and personal finance.
Also Read:
Pedro Pascal to Make ‘Saturday Night Live’ Hosting Debut in February
“‘Last Call’ is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Through panels, debates and newsmakers,” said CNBC President Kc Sullivan in a memo to employees about the changes to the weekday lineup. “‘Last Call’ will not only deliver fresh...
Sullivan, who is currently the anchor of “Worldwide Exchange,” will step into the role of anchor for CNBC’s new 7 p.m. business journalism show, “The Last Call.” The show comes as part of CNBC’s goal to invest more into its core content of business news and personal finance.
Also Read:
Pedro Pascal to Make ‘Saturday Night Live’ Hosting Debut in February
“‘Last Call’ is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Through panels, debates and newsmakers,” said CNBC President Kc Sullivan in a memo to employees about the changes to the weekday lineup. “‘Last Call’ will not only deliver fresh...
- 1/26/2023
- by Raquel "Rocky" Harris
- The Wrap
CNBC is filling the 7 Pm Et hour with Last Call, a business show that will be anchored by Brian Sullivan and explore money, culture and policy.
The new show occupies the old time slot of The News with Shepard Smith, the newscast that was canceled in November.
CNBC President Kc Sullivan, who wants the network to focus on its core area of business and financial news, announced the new show in a memo to staff, along with a series of other changes to the CNBC lineup.
“Through panels, debates and newsmakers, Last Call will not only deliver fresh takes on the biggest business topics of the day, but also shine a light on the other important stories that our viewers may have missed, all with an eye on what’s going to matter to the markets the next day,” he wrote.
He also said that the network would produce more documentaries and specials in primetime,...
The new show occupies the old time slot of The News with Shepard Smith, the newscast that was canceled in November.
CNBC President Kc Sullivan, who wants the network to focus on its core area of business and financial news, announced the new show in a memo to staff, along with a series of other changes to the CNBC lineup.
“Through panels, debates and newsmakers, Last Call will not only deliver fresh takes on the biggest business topics of the day, but also shine a light on the other important stories that our viewers may have missed, all with an eye on what’s going to matter to the markets the next day,” he wrote.
He also said that the network would produce more documentaries and specials in primetime,...
- 1/26/2023
- by Ted Johnson
- Deadline Film + TV
CNBC is making substantial changes to its weekday lineup, including a new show at 7 p.m. to replace Shepard Smith’s program, which it canceled two months ago.
The new 7 p.m. show will be called Last Call and will be anchored by Brian Sullivan, currently the anchor of Worldwide Exchange. According to a memo from CNBC president Kc Sullivan, Last Call will be a “fast-paced, entertaining business show that explores the intersection of money, culture and policy,” and include newsmaker interviews, panel discussions, and debate segments.
The program effectively replaces The News with Shepard Smith, the general interest news program that was canceled in November.
But 7 p.m. is not the only lineup change Sullivan announced Thursday.
The 11 a.m. program TechCheck will be replaced by an additional hour of Squawk on the Street, which will be anchored by Carl Quintanilla and Sara Eisen.
The TechCheck brand will live...
The new 7 p.m. show will be called Last Call and will be anchored by Brian Sullivan, currently the anchor of Worldwide Exchange. According to a memo from CNBC president Kc Sullivan, Last Call will be a “fast-paced, entertaining business show that explores the intersection of money, culture and policy,” and include newsmaker interviews, panel discussions, and debate segments.
The program effectively replaces The News with Shepard Smith, the general interest news program that was canceled in November.
But 7 p.m. is not the only lineup change Sullivan announced Thursday.
The 11 a.m. program TechCheck will be replaced by an additional hour of Squawk on the Street, which will be anchored by Carl Quintanilla and Sara Eisen.
The TechCheck brand will live...
- 1/26/2023
- by Alex Weprin
- The Hollywood Reporter - Movie News
CNBC is making a new bid to stay open after the stock market is closed.
Brian Sullivan. anchor of the early-morning “Worldwide Exchange,” gets to trade in an early wake-up for a late-evening perch at “Last Call,” CNBC’s newest attempt to extend its business journalism into the early evening. Sullivan’s show will replace “The News,” a vehicle for former Fox News anchor Shepard Smith that was cancelled last year.
“‘Last Call’ is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Through panels, debates and newsmakers,” said CNBC President Kc Sullivan in a memo to staff. “‘Last Call’ will not only deliver fresh takes on the biggest business topics of the day, but also shine a light on the other important stories that our viewers may have missed, all with an eye on what’s going to matter to the markets the next day.
Brian Sullivan. anchor of the early-morning “Worldwide Exchange,” gets to trade in an early wake-up for a late-evening perch at “Last Call,” CNBC’s newest attempt to extend its business journalism into the early evening. Sullivan’s show will replace “The News,” a vehicle for former Fox News anchor Shepard Smith that was cancelled last year.
“‘Last Call’ is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Through panels, debates and newsmakers,” said CNBC President Kc Sullivan in a memo to staff. “‘Last Call’ will not only deliver fresh takes on the biggest business topics of the day, but also shine a light on the other important stories that our viewers may have missed, all with an eye on what’s going to matter to the markets the next day.
- 1/26/2023
- by Brian Steinberg
- Variety Film + TV
During Tuesday's Squawk On The Street, CNBC host and Tea Party founder Rick Santelli affirmed he was going to chase out big government spenders during a discussion on California's budget shortfall and criticized Governor Jerry Brown for not reducing spending. "Compromise? Compromise is a great buzz word, but if spending is this far out of control, why would any taxpayer in his right mind throw more of his dollars into this bottomless pit? Think about that person at Facebook who decided to give up his citizenship. I know that's in the extreme, but I can't tell you how many business people in their 60s tell me it isn't worth the risk anymore. They're going to wind down as opposed to keep investing. That's going to be more revenue lost. I'll tell you a compromise -- stop spending, stop spending, stop spending!"...
- 5/15/2012
- by James Crugnale
- Mediaite - TV
CNBC anchor and founding editor of Squawk Box, broadcast journalist Mark Haines, passed away unexpectedly last night at the age of 65. Haines was the co-anchor of "Squawk On The Street," a loose-format, often sharp look at the financial market.
This morning traders at the New York Stock Market had a moment of silence for the respected Haines. CNBC president Mark Hoffman released the following statement of tribute to employees:
read more...
This morning traders at the New York Stock Market had a moment of silence for the respected Haines. CNBC president Mark Hoffman released the following statement of tribute to employees:
read more...
- 5/25/2011
- by Anna Breslaw
- Filmology
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