Business

Jul
18
2021
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By Troy Warren
Snoop Dogg on Who Should (and Shouldn’t) Benefit From Cannabis Boom

Snoop Dogg on Who Should (and Shouldn’t) Benefit From Cannabis Boom

Business, , ,
BY KIRSTEN CHUBA | HollywoodReporter.Com Troy Warren for CNT The cannabis entrepreneur talks federal legalization and why "the people who were actually there before it was legal" should be the ones to profit from the growing industry. On top of his cultural role on the Mount Rushmore of stoners, Snoop Dogg made headlines this spring when right-wing billionaire Charles Koch launched an effort to federally legalize marijuana after a Zoom call with the rapper. The Leafs by Snoop founder weighs in on the changing industry and who should benefit. What do you think about so many stars getting into the industry? It’s cool.…
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Jul
17
2021
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By Troy Warren
What Will Netflix Bet On Beyond Subscriptions?

What Will Netflix Bet On Beyond Subscriptions?

Business, Digital, Entertainment, ,
BY GEORG SZALAI | HollywoodReporter.Com Troy Warren for CNT Ahead of its July 20 earnings, the streaming giant has signaled moves into video games, events and merchandise. It won’t just be all about subscribers and financials in Netflix’s quarterly earnings report and call on Tuesday, July 20. Wall Street and Hollywood will also be closely watching for management to potentially provide commentary, or at least a signal, on a direction on any new business initiatives, such as unveiled steps into video games and merchandise. Since June, Netflix has opened an online store — where it sells items based on properties like Stranger Things, The Witcher and Bridgerton — hired an executive, Mike…
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Jul
16
2021
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By Troy Warren
AT&T Premium Video Subscriber Loss Narrows in Second Quarter

AT&T Premium Video Subscriber Loss Narrows in Second Quarter

Business,
BY GEORG SZALAI | HollywoodReporter.Com Troy Warren for CNT "This marks the best quarterly loss for AT&T since the fourth quarter of 2018," says one analyst. Telecom giant and WarnerMedia parent AT&T, led by CEO John Stankey, disclosed  Friday that it lost 473,000 premium video subscribers during the second quarter. It shared the preliminary figures for its DirecTV, AT&T TV and U-verse TV services in a regulatory filing related to its debt. Wells Fargo analyst Steve Cahall, in a first reaction, called the figures “not so bad,” noting that the FactSet consensus had called for a loss of 508,000 customers. “This marks…
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Jul
15
2021
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By Troy Warren
U.S. unemployment claims fall to 360,000, a new pandemic low

U.S. unemployment claims fall to 360,000, a new pandemic low

Business, In The News
By PAUL WISEMAN, Associated Press Troy Warren for CNT WASHINGTON — The number of Americans applying for unemployment benefits has reached its lowest level since the pandemic struck last year, further evidence that the U.S. economy and job market are quickly rebounding from the pandemic recession. Thursday’s report from the Labor Department showed that jobless claims fell by 26,000 last week to 360,000. The weekly tally, a proxy for layoffs, has fallen more or less steadily since topping 900,000 in early January. The U.S. recovery from the recession is proceeding so quickly that many forecasters have predicted the economy will expand…
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Jul
14
2021
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By Troy Warren
Pilot files intellectual property lawsuit against Delta

Pilot files intellectual property lawsuit against Delta

Business, In The News, Technology, , ,
By Kelly Yamanouchi, The Atlanta Journal-Constitution Troy Warren for CNT A pilot has filed suit against Delta Air Lines, alleging the company stole his idea for a text messaging platform used by crews. The messaging app, which was rolled out in 2018, is used by gate agents, flight dispatchers, pilots, flight attendants and other workers who hustle to get planes out on time. They text updates on the status of everything from cleaning, catering, fueling and loading bags. It replaced a decades-old mish-mash of communications by two-way radios, jetway phones, word of mouth and jaunts down the jet bridge to relay messages, according to Delta.…
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Jul
14
2021
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By Troy Warren
Delta books 2Q profit with government aid, but airline recovery choppy

Delta books 2Q profit with government aid, but airline recovery choppy

Business
By Kelly Yamanouchi, The Atlanta Journal-Constitution Troy Warren for CNT   Growing crowds of vacationers filling U.S. airports are helping put Delta Air Lines on a route to recovery, but weak corporate and international travel means it’s still far from business as usual. The Atlanta-based airline said Wednesday it is pointed back to profitability after the pandemic sent air travel plunging last year. In another good sign, it reported domestic leisure travel has rebounded to 2019 levels, with momentum picking up in June as summer travel kicked in. “We had a very strong month,” said Delta CEO Ed Bastian in an…
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Jul
14
2021
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By Troy Warren
Delta adding more used jets to its fleet

Delta adding more used jets to its fleet

Business, Travel
By Kelly Yamanouchi, The Atlanta Journal-Constitution Troy Warren for CNT Delta Air Lines is adding dozens of used jets to its fleet to replace older and less efficient planes. Atlanta-based Delta is buying 29 used Boeing 737-900ER jets from funds managed by private investment firm Castlelake LP. The airline already has 130 Boeing 737-900ERs in its fleet. Delta will lease seven used wide-body Airbus A350-900s from AerCap, adding to its fleet of flagship aircraft used for long-haul international flights. “These aircraft are an investment in Delta’s future,” said Delta CEO Ed Bastian in a written statement. The airline retired its wide-body Boeing 777s and narrow-body MD-88…
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Jul
13
2021
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By Troy Warren
Ted Turner to give Nebraskan land to nonprofit but keep paying taxes

Ted Turner to give Nebraskan land to nonprofit but keep paying taxes

Business, In The News, Lifestyle, Money,
By The Associated Press Troy Warren for CNT Media mogul and billionaire bison rancher Ted Turner is donating an 80,000-acre ranch he owns in western Nebraska to his own nonprofit agriculture ecosystem research institute and says he might do the same with four other ranches in Nebraska’s Sand Hills. But he’ll continue to pay taxes on the land, much to the relief of local officials and Nebraska leaders, the Omaha World-Herald reported Thursday. “I believe that local property taxes provide essential support for services on which our ranches and communities depend," Turner, 82, said in a news release last week announcing the new…
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Jul
13
2021
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By Troy Warren
Wells Fargo closing personal lines of credit

Wells Fargo closing personal lines of credit

Business, In The News, Money
By Rich Barak, The Atlanta Journal-Constitution Troy Warren for CNT Wells Fargo recently announced it will no longer offer personal lines of credit. Wells Fargo, a financial services company, said it has “decided to discontinue offering new Personal and Portfolio line of credit accounts and to close all existing accounts,” according to a CNBC report. Wells Fargo previously offered revolving credit lines, ranging from $3,000 to $100,000. In a letter to customers, Wells Fargo gave customers 60 days’ notice, according to reports. Customers no longer will have access to that line of credit once the 60-day period is over, but they will…
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Jul
13
2021
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By Troy Warren
Hollywood Docket: Do Emotions From Animated Characters Drive Ticket Buying?

Hollywood Docket: Do Emotions From Animated Characters Drive Ticket Buying?

Business, Celebrity, Entertainment
BY ERIQ GARDNER | HollywoodReporter.Com Troy Warren for CNT A roundup of legal developments in Hollywood including the intellectual property case now turning on the opinions of an expert in human-computer interaction. Today’s edition of you’ll-never-guess-what-they’re-discussing-in-court: Do realistic human emotions from computer-generated characters make a material contribution to the financial success of a blockbuster movie? The question comes up because a Silicon Valley tech company called Rearden LLC is suing Disney for using “stolen” technology for CG characters in blockbuster movies including Avengers, Beauty and the Beast and Night at the Museum: Secret of the Tomb. This long-running intellectual property case has had some serious twists…
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