The Netflix team played it cool Thursday as CFO Spencer Neumann attempted to reassure Wall Street that “there’s no structural change in the business that we see.” The company’s shares had plunged 20% in after-hours trading earlier Thursday, pulling media stocker down. Execs speaking on a post-earnings video Q&A shrugged off the slower than anticipated
Business
One of the only facilities in the world that uses carbon capture and storage technology to reduce the emissions of hydrogen production has the same carbon footprint as 1.2 million petrol cars, according to a new report seen exclusively by Sky News. In a first-of-its-kind investigation into the plant, which is owned and operated by
UPDATE: Hannah Price, daughter of rock musician Chris Daughtry, died by suicide, her family said in a statement reported by People magazine. Price, 25, was under the influence of narcotics on Nov. 12 at her home in Fentress County, Tennessee. the family said. “Our beloved Daughter Hannah Price passed away on November 12th, 2021,” the statement
Wetherspoons boss Tim Martin said he was “breakdancing round my living room” after COVID-19 restrictions were eased – amid signs of a return to normal trading from a number of businesses. Mr Martin made the comments to Sky News a day after his company revealed a slump in sales over the Christmas period blamed on
UPDATE, 7:26 PM PT: Democrats efforts to pass voting rights legislation stalled again in the Senate, as they fell short in securing a filibuster rules change that would allow them to clear the bills with a simple majority. The failure of the legislation was expected, after Sen. Kyrsten Sinema (D-AZ) and Sen. Joe Manchin (D-WV)
The governor of the Bank of England has voiced “concern” that inflationary pressures in the UK economy could prove more stubborn than it expected. Andrew Bailey told a committee of MPs a key element of this was market forecasts since Christmas of higher than normal natural gas costs through 2023 as households and businesses grapple
As The Simonetta Lein Show continues to kick off the year of 2022, the show continues its series of panel interview episodes, showcasing local and international entrepreneurs, business owners, and artists, looking to share their industry insights and experiences. For the 12th consecutive panel episode, The Simonetta Lein Show showcases the topic, “How Can You
Filmhub, which bills itself as a Substack-like solution for independent filmmakers looking to profit from streaming without forfeiting rights to their work, has raised a $6.8 million seed funding round. The round was led by a16z and included the participation of 8VC, FundersClub, Eleven Prime and several individual investors working in the tech sector. Along
Inflation climbed to 5.4% last month, its highest rate since March 1992, as Britain’s cost of living squeeze intensified, official figures show. The consumer price index (CPI) measure of inflation, up from 5.1% in November, was higher than economists had expected. It comes a day after official data showed wage rises for UK workers are
Gov. Kathy Hochul proposed extending New York State’s film and television production tax credit by three years — through 2029 – in a budget she presented today. The proposed executive budget plan for fiscal 2023 doesn’t elaborate on the credits – they show up as a line item in a section of chart called ‘Other
Households in Britain could soon be spending more of their money on energy than any previous generation, including during the oil shocks of the 1970s and ’80s, according to Sky News analysis. If the energy price cap rises in line with current wholesale prices, by the end of the year the share of family expenditure
EXCLUSIVE: Martin Kove, otherwise known as Sensei John Kreese, is hosting his own Cobra Kai podcast. The actor has teamed up with LiveOne-owned audio platform PodcastOne, to launch Cobra Koves. The series, which launches on January 20, will see Kove, who starred in the original Karate Kid movies as well as the television spin-off, and
UK workers saw their wage rises wiped out by surging inflation late last year, official figures show. Weekly earnings – excluding bonuses – rose by 3.8% in the three months to November compared to the same period a year earlier, according to the Office for National Statistics (ONS). But with inflation climbing to a ten-year
Ralph Emery, the country music disc jockey and television host who came to prominence on Nashville’s WSM, died on Saturday of natural causes, while surrounded by family at Nashville’s Tristar Centennial Medical Center, his son Michael told AP. He was 88. Among those paying tribute to Emery today was “American Pie” singer-songwriter Don McLean. “Ralph Emery
Credit Suisse’s chairman has resigned just nine months into the role after breaching COVID-19 quarantine rules – in fresh controversy for the global investment bank as it recovers from a string of scandals. Antonio Horta-Osorio’s departure was announced by the Switzerland-based lender on Monday in an abrupt move that comes less than a year after
Sports streaming service DAZN has rejigged its leadership structure, with Shay Segev becoming sole CEO, and the appointment of a new CFO. DAZN co-founder James Rushton, who had been serving as co-CEO, will step down from the position but remain at the company with his existing responsibilities overseeing growth in local markets, rights and content.
Amazon has announced that it will not stop accepting Visa credit cards for UK payments later this week as had been planned. In an email to customers, the online retailer said it was “working closely with Visa on a potential solution”. The move had been due to take effect on 19 January with Amazon blaming
On Saturday, Los Angeles County passed the milestone of 28,000 Covid-related deaths, reporting 66 new deaths, as well as 41,765 new positive cases. Today’s death count is the highest the Department of Public Health has reported in a single day since April 2, 2021, with daily deaths having increased fourfold in the course of the
A former executive at Farfetch, the online luxury fashion platform, is a contender to become the next boss of ASOS, the £2.3bn digital retailer. Sky News has learnt that Andrew Robb, who left Farfetch in 2020, is among the candidates being considered by the London-listed company as the successor to Nick Beighton. The choice of
Dallas Frazier, the songwriter behind such country hits as The Oak Ridge Boys’ “Elvira,” The Hollywood Argyles’ “Alley Oop” and Emmylou Harris’ “Beneath Still Waters,” has died, according to the Country Music Hall of Fame and Museum’s CEO Kyle Young. He was 82. “Dallas Frazier is among the greatest country songwriters of all time. He
SA Brain, one of Wales’s most prominent brewers, is to sell the freeholds to scores of its pubs to a consortium that includes a global private equity powerhouse – the latest in a string of significant deals in the sector. Sky News has learnt that Brains is close to agreeing a deal to offload approximately
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