If there were any lingering doubt about YouTube’s status as the biggest streaming music service on the planet, then this fact should dispel it: The Google-owned site has now paid out more than $1 billion in royalties to record labels (and other copyright owners, such as film studios and broadcast networks) for videos they didn’t even upload.
Update October 15: HBO announced it will begin selling standalone subscriptions over the internet, without cable, starting next year.
Pandora Media has had a tremendous amount of success in recent years.
Elon Musk unveiled the “D” overnight in California, and as most people anticipated, the much-hyped announcement was an update to the company’s model S, giving the newest, most expensive versions of the sedan all-wheel drive and “autopilot” capabilities (full specs are here).
Carl Icahn, the “activist investor” (I hate that term but it won’t die), and Marc Andreessen, the well-known venture capitalist, have been at each other’s throats for a few months now. Icahn decided to take another swing at his rival on national television today, saying Andreessen had “screwed more people than Casanova.”
“Activist investor” is one of the great misnomers in finance, an industry that is not afraid to misappropriate phrases to make itself look better. And few ”activist investors” (you might prefer “corporate raiders”) are as successful and influential as Carl Icahn.
“D” probably stands for driverless. Or dual-motor. ”Something else” could be either of those—or actually something else completely. Nobody knows for sure, but all will be revealed in a few hours.
For decades, Sears, which traces its origins back to 1893, had justifiable claims on being “America’s retail store”.
Making money in the streaming music business is no cake walk.
We are approaching the one-year anniversary of Twitter’s IPO on the New York Stock Exchange. In fact, today marks exactly 11 months since Twitter debuted on the big board, and fittingly its shares are having a good day (up about 2% at the time of writing).
The jury’s still out on how big a trend cord-cutting really is. But the future for Americans who have, or want, to cut their cable cords, abandon their pay-TV subscriptions, and consume content solely via the internet keeps looking brighter.
North America’s sports industry is expected to generate more than $60 billion in revenue this year, but its biggest income stream is also one of its slowest growing.
Yesterday marked three years since the tragic passing of Apple’s visionary co-founder Steve Jobs. And it’s increasingly clear that his true successor as the world’s most important, and exciting, entrepreneur is not Mark Zuckerberg, Jack Dorsey or even Tim Cook. It’s Elon Musk.
Once the dust from Alibaba’s mammoth IPO is settled, Yahoo is going to have a lot more cash to play with. The US internet company was expected to sell nearly 140 million shares into the eagerly anticipated offering last night, raising $9 billion, for after-tax proceeds of at least $6 billion.
“It’s very important to note that the leader of Iliad has long hair and he made his money in porn. I mean, these are critical components. Positive attributes… I’m just saying.”
Sony, the Japanese consumer electronics colossus, had some bad news for its shareholders last night.
The French have a long and proud tradition of pretending they don’t like the US and everything it stands for. Of course, it’s not really true: the Champs-Élysées has basically devolved into a giant advertisement for low-quality American fashion; “très Brooklyn” is actually a thing; even McDonald’s has finally figured out how to make money in the country.
Investors may have ignored Elon Musk’s big warning about the electric carmaker he founded, Tesla Motors, but they didn’t ignore a message from one of the company’s more prominent supporters.
Alibaba hasn’t even gone public yet and it’s already creating headaches for Amazon.
Like guns, country music, or the convoluted healthcare system, the brutal sport of American football—and the sheer, unbridled passion for it—is one of those things that non-Americans can find difficult to comprehend. While baseball has a strong foothold in Asia and Latin America and basketball is now genuinely global, the US’s favorite homegrown sport is the one that has translated the least abroad.
Is the automobile the “the most underutilized machine in the world”?
This post has been updated.
It really might happen. Just not quite yet.
“I think our stock price is kind of high right now,” Elon Musk said last week. “If you care about the long term, Tesla, I think the stock is a good price. If you look at the short term, it is less clear.”
