Business

Streaming Services to See 150M Cancellations Next Year as Churn Heats Up, Deloitte Predicts

Streaming Services to See 150M Cancellations Next Year as Churn Heats Up, Deloitte Predicts

BY ALEX WEPRIN | HollywoodReporter.Com Troy Warren for CNT #Business  #Digital The tech giants will need to balance subscriber acquisition with retaining existing customers to avoid losing subs. While most streaming services are still trying to scale up, a fresh challenge is emerging for companies hoping to be viable players in the market: large-scale churn. The global consulting firm Deloitte released its 2022 technology, media and telecom predictions Wednesday, and one of them is sure to be of interest to companies that are leaders in the streaming business, or hoping to become major players. Specifically, Deloitte predicts that more than 150 million people…
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Mercedes, Stellantis to work with U.S. firm on new batteries

Mercedes, Stellantis to work with U.S. firm on new batteries

By The Associated Press Troy Warren for CNT #Cars  #Business BERLIN — Automakers Mercedes-Benz and Stellantis announced agreements with U.S. company Factorial Energy on Tuesday to help develop solid-state battery technology that they hope could make electric cars more attractive to a mass market. <CityNEWS> Mercedes-Benz, part of Daimler AG, said it is joining forces with Factorial, based in Woburn, Massachusetts, to jointly develop batteries with the aim of testing prototype cells as early as next year. It said it is “investing a high double-digit million dollar amount in Factorial” that will give it the right to a representative on the battery…
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Cyber Monday sales should be robust, but business cooling

Cyber Monday sales should be robust, but business cooling

By ANNE D'INNOCENZIO, Associated Press Troy Warren for CNT #Business NEW YORK — Consumers are expected to spend between $10.2 billion and $11.3 billion Monday, making it once again the biggest online shopping day of the year, according to Adobe Digital Economy Index. Still, spending on what’s known as Cyber Monday could drop from last year’s level of $10.8 billion as Americans are spreading out their deals more in response to discounting in October by retailers, according to Adobe, which analyzes more than 1 trillion visits to U.S. retail sites. Both Black Friday and Thanksgiving Day online shopping came in below…
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Twitter CEO Jack Dorsey to Step Down, Parag Agrawal Named Successor

Twitter CEO Jack Dorsey to Step Down, Parag Agrawal Named Successor

BY ALEX WEPRIN | HollywoodReporter.Com Troy Warren for CNT #Business  #Digital Dorsey, who co-founded the social networking site, will remain on the company's board of directors through his current term, then leave the company entirely in 2022. Twitter CEO and co-founder Jack Dorsey will step down as the tech company’s chief executive. Parag Agrawal, Twitter’s CTO, will succeed Dorsey as the company’s new CEO, effective immediately. Twitter announced the news Monday, with the company’s board unanimously approving of Agrawal as Dorsey’s replacement. Dorsey will remain on Twitter’s board of directors through his current term, which runs into 2022. Once his term ends, Dorsey told staff in…
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Why Streamers Are Stalling on Sharing Data

Why Streamers Are Stalling on Sharing Data

BY TATIANA SIEGEL, RICK PORTER | HollywoodReporter.Com Troy Warren for CNT #Business  #Digital Success is subjective, subscriber bases vary wildly, and confusing metrics math has left Hollywood with little more to go on than "we know hot programming when we see it." Back in 2019, WarnerMedia struck a deal for its soon-to-launch streamingplatform HBO Max that secured exclusive domestic streaming rights to The Big Bang Theory for five years. The pact, which sources pegged in the billions, also included an extension of an existing syndication deal with TBS in which the comedy will continue airing on the WarnerMedia-owned network through 2028. While the syndication side…
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Delta saw spike in employees withdrawing 401(k) funds during pandemic

Delta saw spike in employees withdrawing 401(k) funds during pandemic

By Kelly Yamanouchi, The Atlanta Journal-Constitution Troy Warren for CNT #Business Last year, as the pandemic upended the travel industry, more than 40,000 Delta employees took voluntary unpaid leave. Many of the company’s other workers saw their hours and pay slashed by 25%. But there was another data point that made it clear to the airline’s executives that their workforce needed help. In total, Delta employees — who numbered more than 90,000 before the pandemic — took about $1 billion from their 401(k) retirement plans in early withdrawals last year. The raiding of retirement funds was an indication that employees were in financial straits.…
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Resignations are just part of the story. The pandemic reshaped attitudes

Resignations are just part of the story. The pandemic reshaped attitudes

By Michael E. Kanell, The Atlanta Journal-Constitution Troy Warren for CNT #COVID-19 #Business Eva Lynch worked for years in specialty stores, loving the interaction with customers, the give and take, suggesting cosmetics or outfits or jewelry. But the pandemic stole that. She had been selling clothing and intimate apparel at a Douglasville store that closed for six weeks in the spring of 2020. When it reopened that May, it just wasn’t as satisfying. People had to keep their distance, their faces hidden behind masks. The Powder Springs resident eventually quit her job in April of this year to join a staffing…
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TV News’ Dangerous Bet: Hedging on a Streaming Future

TV News’ Dangerous Bet: Hedging on a Streaming Future

BY ALEX WEPRIN | HollywoodReporter.Com Troy Warren for CNT #Business While touting new platforms (think: CNN+ or Fox Nation), top broadcast and cable executives are incentivized to protect the linear status quo, given that’s where the money is — even if it’s a rapidly declining business model. Does TV news have a future outside of the existing television ecosystem? The question is top of mind for news executives as the entertainment world dramatically shifts, with linear TV channels facing steady decline and streaming on the rise. In his 1991 book Three Blind Mice, Ken Auletta detailed how the rise of cable TV,…
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The 15 best virtual tour software for real estate to whip up more buyer interest

The 15 best virtual tour software for real estate to whip up more buyer interest

By Beth Townsend | JamesEdition.Com Troy Warren for CNT #RealEstate  #Business The future of property tours is virtual – are you ready? Two out of three people want more virtual tours according to certified Google Street View Trusted photography CPCP. Their survey found 67% of respondents want more business listings to have virtual tours. In real estate, virtual tours have become much more common as a result of COVID-19 but it’s a trend that is set to stay and has a real benefit for listings and attracting high-quality buyers and investors. Travel restrictions were a key driver behind virtual tour adoption,…
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5 reasons to become a nurse entrepreneur

5 reasons to become a nurse entrepreneur

By Nancy Clanton, The Atlanta Journal-Constitution Troy Warren for CNT #Health If you’re looking for a career change, this might be the right decision for you A recent survey by Hospital IQ, a provider of predictive hospital operations and communications software, found 90% of respondents said they’re considering leaving the nursing profession in the next year. Additionally, 71% of RNs with more than 15 years of experience were considering leaving as soon as possible or in the next few months. If this sounds like you, consider taking the nurse entrepreneur route. “From working as a consultant for medical malpractice law firms to…
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