Sep.23 -- Tasha Keeney, analyst at Ark Invest, discusses Tesla Inc.'s "Battery Day" event and expectations around the future of electric cars on "Bloomberg Technology."
Sep.23 -- Tasha Keeney, analyst at Ark Invest, discusses Tesla Inc.'s "Battery Day" event and expectations around the future of electric cars on "Bloomberg Technology."
Australia's competition tsar wants to introduce legislation protecting small businesses against unfair contracts and behaviour.
Encore Wire Announces Earnings Release and Conference Call
(Bloomberg) -- The latest merger between two U.S. shale producers is dealing with an unusual family dynamic that has raised concerns about a potential conflict of interest.Pioneer Natural Resources Co. said Tuesday it agreed to buy rival Parsley Energy Inc. for $4.5 billion in stock. Pioneer is run by Scott Sheffield while his son Bryan is Parsley’s founder and chairman.Pioneer Chief Financial Officer Richard Dealy told analysts and investors on a conference call the two Sheffields were intentionally kept out of takeover talks, which were led by the lead independent directors of both companies.“Given the related-party nature of it, this was a transaction that was managed independently, so Scott and Bryan were not involved,” Dealy said. “We very much made sure we had a robust process of them not being involved in the negotiations.”The deal comes amid a growing wave of consolidation in the U.S. shale industry, which is struggling with low energy prices and pressure from investors to realize cost savings and a more stable financial footing. One such combination was confirmed Monday when ConocoPhillips announced its acquisition of Concho Resources Inc.The Sheffields’ history as Texan wildcatters spans several generations and multiple cycles of boom and bust. Pioneer’s origins go back to the business run by Scott’s father-in-law, Joe Parsley. Scott, 68, is a veteran oil executive who first took the top job at Pioneer predecessor Parker & Parsley in 1985. Bryan, 42, became a billionaire at the time of Parsley Energy’s 2014 initial public offering, months before the oil price crashed from $100-a-barrel levels.The Sheffields have more of their wealth tied up in Parsley than they do in Pioneer, data compiled by Bloomberg show. Bryan is Parsley’s 11th-largest holder of Class A shares, with a 2.7% stake valued at about $106 million. He’s also the largest owner of the unlisted Class B stock, holding 21.2 million of those shares. Scott’s stake in Pioneer is worth about $52 million.The U.S. shale industry has been a lightning rod for accusations of poor corporate governance over the past few years. Executives have raked in millions of dollars in pay, bonuses and stock awards while stock performance languished, and in some cases their companies went bankrupt.“There are some investors who worry this could be an outrageous conflict of interest and there are others who really believe if the deal’s in everyone’s interest then it’s fine,” said Paul Sankey, a New York-based analyst at Sankey Research.Parsley executives stand to share $13.8 million in stock payments for a change of control, filings show, with CEO Matt Gallagher -- a former Pioneer employee -- receiving $5.6 million. Gallagher would also be entitled to $7.8 million if he was ousted from the merged entity. Gallagher will join the board of directors for the new company, Pioneer said, while Scott Sheffield will continue as chief executive. Pioneer is still evaluating senior executives from Parsley for including in the new company, it said Tuesday.Bryan Sheffield, who retired last year as CEO, was removed from the list of Parsley executives entitled to payouts resulting from a merger or acquisition earlier this year. The statement Tuesday announcing the Parsley deal made no mention of Bryan.(Updates with comment from Pioneer CFO in second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The global passion fruit concentrate market was valued at US$ 464. 57 million in 2019 and is projected to reach US$ 668. 83 million by 2027; it is expected to grow at a CAGR of 4. 7% from 2020 to 2027.New York, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Passion Fruit Concentrate Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Source and End Use" - https://www.reportlinker.com/p05978098/?utm_source=GNW Passion fruit is a tropical nutritious fruit that grows in warm climates.It is majorly cultivated in South America, Africa, and other regions. Passion fruit concentrate is processed from ripe passion fruit to retain the characteristic flavor and color of the whole fruit.Passion fruit concentrate is an affordable alternative to fresh passion fruits. Passion fruit concentrates have more shelf life and are convenient for consumers who do not have access to fresh passion fruits.Passion fruit concentrate offer nutrients that reduce inflammation and promote healthy skin. Moreover it is affordable than packaged passion fruit juice and doesn’t spoil easily. As passion fruit concentrate is rich in antioxidants, which helps mop up harmful free radicals from the human body, it is gaining momentum among health conscious consumers. Additionally, growing urbanization, changing lifestyles, hectic schedules, busy and fast life as well as rising disposable income are fueling the demand for convenience foods. Passion fruit concentrate is convenient and easy to consume as it does not require laborious peeling and cutting, thereby saving the time of consumers. Hence, the advantages offered by passion fruit concentrate coupled with its health benefits is improving its momentum among consumers, thereby amplifying the market growth. Based on source, the passion fruit concentrate market is segmented into organic and conventional.The conventional segment accounted for the largest share of the global passion fruit concentrate market in 2019; whereas, the organic segment is expected to grow at the highest CAGR during the forecast period. Conventional methods of growing passion fruit include the use of a variety of chemical pesticides, fertilizers, and weed killers that can harm human health.Conventional passion fruits concentrates are derived from the conventionally grown passion fruits. It contains high amount of potassium and other elements.The plant should be sprayed with dimphite, a type of liquid potassium phosphate fertilizer which promotes the good fruit set; increased fruit size, and prevents the hollowness by filling flesh in the fruits. Biodistinction Xtra is a premium high concentrated liquid chelated suspension concentrate copper fertilizer that is required to meet the copper deficiency in passion fruits. Passion fruits require fertilizing twice a year after pruning and fruiting. The conventional passion fruit concentrate is rich in vitamin A, C, and minerals such as potassium and iron and contains various cancer-fighting agents such as carotenoids and polyphenols. Geographically, the global passion fruit concentrate market is segmented into North America, Europe, Asia Pacific, South America, and Middle East and Africa.In 2019, Europe held the largest share in the global passion fruit concentrate market, followed by South America and North America. Rest of Europe is dominating the passion fruit concentrate market in Europe region, followed by the UK and Germany.The increasing consumption of passion fruit concentrate is fueled by several factors including the growing baby food segment, fruit beverage applications, and the consumer desire for convenient and faster-to-prepare foods, such as breakfast smoothies. Germany, the Netherlands, France, and the UK offer lucrative opportunities for developing country suppliers.Europe is a base for the leading players who deal with the production and consumption of passion fruit concentrate such as BRITVIC PLC, CO-RO (SUNQUICK CONCENTRATE), and KIRIL MISCHEFF. The increasing competition among the key players has further driven the growth of the passion fruit concentrate market. Supportive and favorable government regulations are stimulating the growth of the market. Moreover, the rising demand for organic passion fruit concentrate is also augmenting the growth of the market. COVID-19 outbreak first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the world.As of August 2020, India, China, Brazil, Italy, Iran, Spain, Republic of Korea, France, Germany, and the US are some of the worst affected countries in terms of confirmed cases and reported deaths. According to the latest WHO figures, there are ~25,118,689 confirmed cases and ~844,312 total deaths globally.The COVID-19 outbreak has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global food & beverage industry is one of the major industries that are suffering serious disruptions such as supply chain breaks, technology events cancellations, office shutdowns, etc. as a result of this outbreak. Due to the global pandemic crisis and the indefinite lockdown across nations, the food & beverage industry witnessed high demand for household staples, healthy food items, and food products with longer shelf lives. Owing to the fear of scarcity, the populace started to buy huge amounts of shelf?stable and processed food. This panic buying has positively affected the demand for fruit concentrates. However, supply chains are facing severe challenges. Lack of enough workers to harvest crops and international logistics has become expensive and inefficient. The logistics sector encountered problems in finding enough truck drivers, the restrictions on sea transporters, and a lack of air freight, which is a major problem for exporters from developing countries. The changes in consumer buying behavior, food habits, and the significant shifts towards online distribution channels are expected to have serious implications on the growth of the passion fruit concentrate market during the forecast period. Britvic plc, Ceres Fruit Juices Pty Ltd, CO-RO A/S (Sunquick Concentrate), Dafruta, Ingredion Incorporated, Kiril Mischeff Group Ltd, Passi AG, Planters Treasure Enterprises Private Limited, Quicornac S.A., and The Perfect Purée of Napa Valley are among the players present in the global passion fruit concentrate market. Overall size of the global passion fruit concentrate market has been derived using primary and secondary sources.The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the global passion fruit concentrate market. Also, multiple primary interviews were conducted with industry participants and commentators in order to validate and analyze the data. The participants who take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the global passion fruit concentrate market. Read the full report: https://www.reportlinker.com/p05978098/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ CONTACT: Clare: email@example.com US: (339)-368-6001 Intl: +1 339-368-6001
CP earnings call for the period ending September 30, 2020.
NEW YORK, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Eli Lilly and Company (NYSE: LLY) on behalf of Eli Lilly stockholders. Our investigation concerns whether Eli Lilly has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action.On August 2020, Eli Lilly began a clinical trial to test whether adding the Company’s antibody-based drug, LY-CoV555, to remdesivir would benefit patients diagnosed with COVID-19.On October 13, 2020, the trial’s sponsor, the National Institute of Allergy and Infectious Diseases (“NIAID”) recommended that the trial be paused after an analysis of safety data found “an overall difference in clinical status between the group receiving LY-CoV555 and the group receiving saline placebo.”On this news, the Company's stock price fell $4.41, or 2.8%, to close at $150.08 per share on October 13, 2020.The same day, after the market closed, Reuters reported that U.S. Food and Drug Administration (“FDA”) inspectors “uncovered serious quality control problems” at Eli Lilly’s pharmaceutical plant that will manufacture COVID-19 drugs, including its antibody therapy. The article further stated: “Following its November inspection, the FDA classified the problems as the most serious level of violation, resulting in an ‘Official Action Indicated’ (OAI) notice.” Among other things, the FDA “found that data on the plant’s various manufacturing processes had been deleted and not properly audited.”If you purchased or otherwise acquired Eli Lilly shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.About Bragar Eagel & Squire, P.C.: Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.Contact Information: Bragar Eagel & Squire, P.C. Brandon Walker, Esq. Melissa Fortunato, Esq. Marion Passmore, Esq. (212) 355-4648 email@example.com www.bespc.com
National CineMedia, Inc. Announces Third Quarter Earnings Release Date and Conference Call
Oasis Management Company Ltd. ("Oasis") is the investment manager to funds that together are the largest shareholders of Tokyo Dome Corporation (9681 JP) ("Tokyo Dome" or the "Company"), owning over 9.6% of the Company.
The Global Fast Casual Restaurants Market will grow by USD 63.25 bn during 2020-2024
Banner Bank Creates Opportunity Fund to Support Minority-Owned Small Businesses; Launches with Initial $1.5 Million Investment
TORONTO, Oct. 20, 2020 (GLOBE NEWSWIRE) -- WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U; WIR.UN) (OTCQX: WPTIF) announced today that its Board of Trustees has declared a cash distribution for the month of October 2020 of US$0.0633 per unit. The distribution will be payable on November 16, 2020 to unitholders of record as of the close of business on October 30, 2020. Distributions paid to Canadian unitholders (and other non-U.S. unitholders) generally will be subject to U.S. withholding tax. For a general summary of the taxation of distributions paid to Canadian unitholders, including information regarding U.S. withholding tax, please see the “Certain Canadian Federal Income Tax Considerations”, “Certain U.S. Federal Income Tax Considerations” sections of the REIT’s prospectus dated April 18, 2013, and “Risk Factors – Tax-Related Risks” in the REIT’s most recently filed annual information form, copies of which are available on the SEDAR website at www.sedar.com. Additional tax information regarding the REIT’s distributions is also available on the REIT’s website at www.wptreit.com. Unitholders should consult their own tax advisors for advice with respect to the tax consequences of receiving a distribution from the REIT in their own circumstances.About WPT Industrial Real Estate Investment TrustWPT Industrial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT acquires, develops, and manages industrial properties located in the United States, with a particular focus on warehouse and distribution properties. WPT Industrial, LP (the REIT’s operating subsidiary) indirectly owns a portfolio of properties across 20 states in the United States consisting of approximately 31.7 million square feet of gross leasable area, comprised of 99 industrial properties.For further information, please contact:Scott Frederiksen, Chair and Chief Executive Officer WPT Industrial REIT Tel: (612) 800-8501
The Future Fund returned 1.1 per cent on its investments in the September quarter but lost 1.8 per cent over the year due to the impact of the pandemic.
Jurors will be back in Victoria's Supreme and County courts in November if coronavirus case numbers stay on track.
DALLAS, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ:PLAY), ("Dave & Buster's" or "the Company"), an owner and operator of entertainment and dining venues, today announced that its indirect wholly-owned subsidiary, Dave & Buster's, Inc. (the “Issuer”), has priced $550 million in aggregate principal amount of its 7.625% senior secured notes due 2025 (the “Notes”) in a private offering (the “Offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). This represents an increase of $50 million from the amount initially offered. The Notes will be guaranteed on a senior secured basis by the same subsidiaries of the Company that currently guarantee its Term Loan Facility (the “Term Loan Facility”) and Revolving Credit Facility (the “Revolving Credit Facility,” and, together with the Term Loan Facility, the “Credit Facility”). The Offering is expected to close on October 27, 2020, subject to customary closing conditions.The Company expects to use the proceeds from the Offering (less certain fees and expenses in connection therewith) to repay all amounts outstanding under its Term Loan Facility and to repay drawings under its Revolving Credit Facility, which, subject to the terms thereof, will be available to be drawn in the future for general corporate purposes and future liquidity. Upon the closing of the Offering, and after giving effect to the use of its proceeds, on an as adjusted basis as of August 2, 2020, the Company estimates that its available liquidity would total approximately $348.2 million, subject to the actual amount of the Company’s cash on hand and the availability of drawable amounts under its amended Revolving Credit Facility. This amount would be in excess of a $150 million minimum liquidity covenant under the Company’s Revolving Credit Facility. The Company will remain subject to this covenant until it delivers its compliance certificate under the Revolving Credit Facility for the quarter ending on or about April 30, 2022.In connection with the Offering, the Company entered into additional amendments to its Credit Facility that among other things provide for a two-year maturity extension of the Revolving Credit Facility to August 17, 2024, a suspension for certain ratio maintenance covenant requirements until the end of the fiscal quarter ending on or about April 30, 2022 and a $150 million minimum liquidity covenant. The effectiveness of these amendments is conditioned upon the issuance of the Notes.The Notes will be offered only to qualified institutional buyers in accordance with Rule 144A under the Securities Act and to non-U.S. Persons in accordance with Regulation S under the Securities Act. The Notes will not be registered under the Securities Act or any state securities laws. As a result, they may not be offered or sold in the United States or to, or for the benefit of, any U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, nor shall there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offering of securities will be made only by means of the confidential offering memorandum.Forward-Looking StatementsThis communication includes certain statements that may constitute “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by words such as “expects,” “intends,” “anticipates,” “plans,” “believes,” “seeks,” “estimates,” “will” or words of similar meaning, and include statements regarding the proposed Offering, the closing thereof, the use of proceeds thereof and the effectiveness of the Second Amendment. Forward-looking statements are based on management’s current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially from those in the forward-looking statements and factors that may cause such a difference include, but are not limited to, risks and uncertainties related to: (i) the Issuer’s ability to complete the proposed Offering on favorable terms, or at all, (ii) further rating agency actions and downgrades in Dave & Buster’s financial strength ratings or those of its subsidiaries; (iii) changes in applicable laws or regulations; (iv) other risks and uncertainties described in Dave & Buster’s Annual Report on Form 10-K, filed with the SEC on April 3, 2020 (as amended on May 14, 2020), and Dave & Buster’s Quarterly Reports on Form 10-Q, filed with the SEC on June 11, 2020 and September 10, 2020, respectively. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on Dave & Buster’s consolidated financial condition, results of operations, credit ratings or liquidity. Accordingly, we caution you against relying on any forward-looking statements. Further, forward-looking statements should not be relied upon as representing Dave & Buster’s views as of any subsequent date, and Dave & Buster’s does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.For Investor Relations Inquiries:Scott Bowman, CFO Dave & Buster’s Entertainment, Inc. 972.813.1151 firstname.lastname@example.org
The Dallas Cowboys are having a horror year so far and one image sums it up excruciatingly well.
LOS ANGELES--(BUSINESS WIRE)--Hope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE), the holding company of Bank of Hope (the “Bank”), today reported unaudited financial results for its three and nine-month periods ended September 30, 2020.
US President Donald Trump campaigned frantically and frontrunning challenger Joe Biden stayed mostly out of sight Tuesday ahead of a pivotal televised debate with only two weeks until Election Day.
21 October 2020: An Extraordinary General Meeting of Scatec Solar ASA will be held on 12 November 2020 at 10:00 CET at Askekroken 11, 0277 Oslo. Please find attached the notice of Extraordinary General Meeting with attendance/proxy and the Board of Directors' proposed resolutions for the Extraordinary General Meeting for the items listed on the agenda. The documents are also available at www.scatecsolar.com. For further information, please contact: Ingrid Aarsnes, VP Communication & IR Tel: +47 950 38 364, email@example.com About Scatec Solar Scatec Solar is an integrated independent renewable power producer, delivering affordable, rapidly deployable and sustainable clean energy worldwide. A long-term player, Scatec Solar develops, builds, owns, operates and maintains power plants and has an installation track record of more than 1.6 GW. The company has a total of 1.9 GW in operation and under construction on four continents.With an established global presence and a significant project pipeline, the company is targeting a capacity of 4.5 GW in operation and under construction by end of 2021. Scatec Solar is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol ‘SSO’. To learn more, visit www.scatecsolar.com.This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading ActAttachments * Notice of EGM 12 November 2020 * Proposed resolutions for EGM 12 November 2020
(Bloomberg Opinion) -- Forget dinner and a movie. As cinemas remain desolate, cooler weather puts an end to the enjoyment of safe outdoor dining and Covid-19 roars back across the world, takeout and Netflix sound more appealing than ever. And when something’s as in demand as Netflix is, prices go up.Netflix Inc. released results for its latest quarter on Tuesday afternoon, showing it added fewer subscribers to its base than Wall Street analysts predicted. That sent the stock price tumbling 6% in after-hours trading. Still, investors don’t need a report card to tell them of the increasing utility of the streaming-video service or its market dominance. Everyone’s been living it these last seven months. In fact, it may not have been the arrival of new streaming-video competitors like HBO Max and Peacock that hurt Netflix so much as the partial reopening of restaurants around the U.S. and other countries, with consumers itching to get out of the house.Now, the changing leaves are making way for frostier temperatures, which pose an added challenge this year for eateries and other indoor locales given how the novel coronavirus thrives in not-well-ventilated confines. Movie theaters also have nothing to show for the time being. For those reasons, it’s going to be the winter of Netflix — and Netflix knows it.As the company transitions from growth mode to capitalizing on its massive reach, it appears to be inching toward higher subscription rates in the U.S. It’s already implemented them in Canada, where the market often serves as a testing ground for its southern neighbor. The price of a standard plan, Netflix’s most popular, recently increased for Canadians by C$1 (76 cents in U.S. dollars) to C$15 a month; its premium service for 4K streaming went up C$2 to C$19 a month. The last time the company had a price hike in the U.S. was January 2019, so it’s about due for another.As the company improves its product, it will “occasionally go back and ask those members to pay a little bit more to keep that virtuous cycle of investment and value creation going,” Greg Peters, Netflix’s chief operating officer, said when asked about the potential for higher rates during Tuesday’s pre-recorded earnings video call. For further signs that Netflix is thinking differently about pricing: It’s phasing out free trials, so forget about creating phony Gmail addresses to avert a steeper bill. At this point, Netflix doesn’t need to offer free trials as the popularity of its shows travel by word of mouth and meme. Just before the September quarter ended, Nielsen reported that Netflix's "Ratched" starring Sarah Paulson — a prequel to the novel, "One Flew Over The Cuckoo's Nest" — was the top streaming program across Netflix, Amazon Prime, Disney+ and Hulu. In fact, Netflix hogged nine of the top 10 spots. It also expects to have a greater number of new original programs in 2021, though they may lean toward the second half of the year because of the Hollywood shutdown. And there’s simply not much else on television lately.While it may be in bad form to raise prices during a recession, users continue to suggest they wouldn’t mind paying more for Netflix. That’s because Netflix still provides the biggest bang for your buck relative to any other forms of TV entertainment, and that’s been especially true during the Covid-19 pandemic. Netflix had a relative advantage going into the pandemic because unlike its rivals, most of its productions for the year were already wrapped up. In a survey that Wall Street research firm Cowen & Co. regularly conducts, 53% of respondents said in September that they’d be willing to pay more for Netflix than they already do — a jump from 48% at the end of last year. Regardless of how long the pandemic persists — and as much of a leader as it is now with 195 million paying members — Netflix’s growth is slowing in the U.S., and so it’s going to need another way to pay for its immense content bills. The company added only 2.2 million net new subscribers globally during the period, missing its own forecast of 2.5 million. And once Hollywood can fully return to filming, the company is likely to ramp up spending again and resume burning cash, as executives reiterated in Tuesday’s letter. Plus, there’s the impending Disney threat. Walt Disney Co. just announced a shakeup that entails reorganizing its media operations around its streaming initiatives. That means the full force and imaginative brilliance of Disney is behind its budding streaming business, and its studios have been given direct orders to make it their life’s mission to propel Disney+. Until now, Disney+ has thrived mostly on brand power while lacking much in the way of actual new content — that’s about to change. The streaming wars haven’t been as brutal as the moniker indicates. Netflix has been enjoying an easy lead, and executives may be thinking now’s the time to cash in on its primacy before other fledgling rivals such as HBO Max figure out what they’ve been doing wrong. (The fifth paragraph was updated to include an executive’s reference to possible price increases on Netflix’s earnings call.)This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
NSW Nationals Leader John Barilaro has returned from a four-week break and revealed he almost quit parliament over an ugly coalition koala policy stoush.