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Australian Stocks Rise; Star Entertainment Shares Surge After Swinging to Earnings
Australian shares ended higher on Tuesday following overnight gains on Wall Street after Anthropic f
Risks spelled out for Anthropic investors include possible harms from runaway AI
Any time a company looks to start selling shares on Wall Street, it’s required to disclose potential risks for investors.
Connections: Sports Edition today: Hints and answers for Oct. 27, 2026, puzzle No. 764
Welcome to Connections: Sports Edition Coach — a spot to gather clues and discuss (and share) scores.
Political science professor shares insight on tight election races
Some people think the GOP is concerned with tight Kansas races after the second visit in October from the federal administration.
Political science professor shares insight on tight election races
Some people think the GOP is concerned with tight Kansas races after the second visit in October from the federal administration.
JYP Entertainment soars 10% on reports of tender offer plan to buy up to half of firm
South Korean pop music agency JYP Entertainment's KRX:035900 shares jumped 10% on Tuesday after Korean media reported Japan's Nexroc Group and related firm SVCV Inc were planning to announce a tender offer to buy up to a 50% stake in the company.The 50% stake is worth about 700 billion won ($528.04…
JYP Entertainment shares rally on report of tender offer to buy up to 50% stake
South Korean pop music agency JYP Entertainment's KRX:035900 shares rallied on Tuesday, jumping 10% after Korean media reported Japan's Nexroc Group and SVCV Inc were planning to announce a tender offer to buy up to a 50% stake in the company.The 50% stake is worth about 700 billion won ($528.04 mi…
Business First Bancshares (BFST) Is Back In Focus, What Is The Market Weighing?
Business First Bancshares (BFST) is back in focus after third quarter results topped earnings expectations, accompanied by stronger loan and deposit trends, wider net interest margin, and tighter cost control following the Progressive Bank integration. Business First Bancshares’ latest update has arrived after a year of solid progress, with the share price at $31.82 and a clear shift in sentiment following the earnings beat, active buybacks, and fresh common and preferred dividend...
JYP Entertainment shares rally on report of tender offer to buy up to 50% stake
South Korean pop music agency JYP Entertainment KRX:035900 shares rallied on Tuesday, jumping 10% after Korean media reported Japan's Nexroc Group and SVCV Inc were planning to announce a tender offer to buy up to a 50% stake in the company.
Bernie Taupin shares how he dealt with songwriting partner Elton John being ‘horrible and difficult’ on tour
Bernie Taupin is explaining how he dealt with his songwriting partner, Elton John, when the singer was acting ‘horrible and difficult’ on tour.
Maxime Penaud talks about winning the Slayer Sword
A closer look at the stunning miniature and a chat with the winning painter.
Rancho Cordova city council to hold public hearing on proposed sports and entertainment complex
Rancho Cordova residents can attend a special city council meeting tonight to learn more and share their opinions on the proposed Downtown Dova sports and entertainment complex.
Rancho Cordova city council to hold public hearing on proposed sports and entertainment complex
Rancho Cordova residents can attend a special city council meeting tonight to learn more and share their opinions on the proposed Downtown Dova sports and entertainment complex.
Allyson Felix, Pat McAfee top USC Next Level Sports Conference lineup
The Olympic legend and the ESPN host joined an all-star roster to share their roads to success and how to navigate a changing sports landscape.
Shared framework aims to redefine heart health for girls and women
The American Heart Association, American Academy of Pediatrics, American College of Obstetricians and Gynecologists and the Society for Maternal-Fetal Medicine have released a publication that redefines ...
Alan Dysert of ‘All My Children’ fame dies
“My heart is broken as I share that my beloved husband, Alan, passed away on October 23, 2026,” his wife said.
What Is the Relationship Between Doing Good History and Entertainment?
[Cross-posted from The Tattooed Historian’s Dispatch] What exactly are we doing when we communicate history to the public? Most of us would agree that accuracy matters, evidence matters, context matters, historical rigor matters. But we also live in a world where attention matters (and attention spans are dropping at an alarming rate). Subscribe Whether we’re posting on social media, producing videos, hosting podcasts, giving public talks, or designing museum programs, we’re all competing with countless other demands on people’s time. The public doesn’t simply stumble into history anymore. Now, good history has to find people where they already are. This raises a difficult question: Is making history entertaining part of good historical practice, or is it simply what we must do to remain relevant? “Entertainment” is often treated as the opposite of seriousness. But what do we mean when we use the term itself? Does entertainment mean simplifying the historical record? Does it mean telling compelling stories in a lively manner? Is there a difference between being engaging and being entertaining? And who gets to decide where that line is? Share These questions become even more complicated online. Social media platforms reward attention. Algorithms reward engagement (the positive and the negative). Visibility often depends on producing content that people are willing to click, watch, share, and discuss. What happens when those incentives shape the way history is presented? Can historians work within those systems without letting those systems define the work? Are public audiences being served better than ever before, or are platform incentives changing what kinds of history rise to the surface? These are just a few of the issues that I discuss with John R. Heckman in our latest installment of “Historians Off the Cuff.” Feel free to suggest future topics for us to discuss in the comments section below. Hope you are entertained. LOL Civil War Memory is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Subscribe
Business First Bancshares, Inc. Q3 2026 Earnings Call Summary
Moby summary of Business First Bancshares, Inc.'s Q3 2026 earnings call
Equities end higher as Anthropic’s IPO filing buoys AI stocks
Anthropic's IPO filing lifts us stocks and AI-related shares amid a week of key economic data and corporate earnings reports.
Mayor Sarno meets with DHHS Commissioner Helen Caulton-Harris and Health and Racial Equity Coordinator and Former Mayoral Aide Shenell Ford for an Update and Review
Mayor Domenic J. Sarno and Chief of Staff Molly Shea met with Department of Health and Human Services Commissioner Helen Caulton-Harris and Racial Equity Coordinator and former Mayoral Aide Shenell Ford for an update on the Youth Commission. Mayor Sarno stated, “It was great to be with DHHS Commissioner Helen Caulton-Harris and Health and Racial Equity Coordinator, my former Aide Shenell Ford as they shared updates and review in regards to the youth commission. I look forward to continuing to work with them both, and all partners on the youth commission for the betterment of our City. I commend both Commissioner Caulton-Harris and Shenell on their steadfast work to bring back this commission.”
Philippine Star
‘JUSTIN OPPA AND HAILEY UNNIE’🫰🤣 South Korean digital entertainment media outlet Dispatch shared photos of Justin Bieber and Hailey Bieber captured during their departure from Incheon International...
Sharing Wahine Superpowers That Drive Business Goals and Open Doors for Others
Speakers at the 17th annual Wahine Forum shared tips to navigate workplace friction, take career leaps and build lasting professional networks.
Jenny & Dave Marrs Share Health Update on Former ‘Fixer to Fabulous’ Guest
The couple also shared ways fans can support the guest and their family.
Small-business owner shares lessons on passion, research & earning customer trust
Cantrece Jones founded Acuity Design Group in 2008 and opened Aura Plant Studio more than four years ago. She said the businesses have grown gradually, with the plant shop expanding into commercial installations and event rentals as well as retail.
Women’s heart health gets a new playbook, starting in childhood
For the first time, four leading medical societies have banded together to create a shared framework for assessing and improving women’s heart health across the lifespan, starting in childhood.
Jon Batiste shares health update on wife's cancer battle with sweet selfie
Jon Batiste – whose wife, Suleika Jaouad, is battling cancer – shared new photos of the couple on social media amid Jaouad's treatment.
Mid-Columbia Ballet prepares for 50th anniversary of "The Nutcracker"
RICHLAND, WA. — For 50 years, the Mid-Columbia Ballet has brought the holiday classic The Nutcracker to audiences in the Tri-Cities. This year, the organization is celebrating that milestone with 144 dancers, new costumes and months of preparation to bring the beloved production to life. The annual performance is a major undertaking for the dancers, instructors and volunteers who work behind the scenes to make the show possible. Rehearsals span 13 weeks, with dancers practicing four days a week for multiple hours at a time.This year’s production will feature new costumes for the Waltz of the Flowers, including a sequence with as many as 25 dancers on stage at once. The show also brings together performers across generations, including adults who have been part of the production for more than 20 years. For Artistic Director Debra Rogo, the preparation begins long before the curtains open.Rogo has been involved with the Mid-Columbia Ballet for 40 years and says planning for The Nutcracker takes place throughout the year. While organizing a production of this size requires significant time and effort, she says watching young dancers grow and develop a passion for ballet makes it all worthwhile. “It’s why I do this,” Rogo said. “It is overwhelming ina good way. To be able to share into their lives and watch them develop a love of this art form and the hard work … it makes me very proud.”Rogo’s decades of involvement reflect the lasting impact the production has had on the local dance community. For many performers, The Nutcracker is more than a seasonal performance. It is an opportunity to build skills, create relationships and become part of a tradition that continues year after year.While the dancers spend weeks rehearsing their routines, a large team of volunteers works behind the scenes to support the production.More than 100 volunteers are involved this year, helping make the performance possible. Their contributions reflect the range of people who come together to support the arts in the Tri-Cities.Randy Haven, a longtime volunteer, says the sense of community is one of the things that makes the experience so special.“The people that you hear volunteering, it’s incredible,” Haven said. He described seeing people from different backgrounds working together backstage, from employees at Hanford to parents raising large families.Haven says that shared commitment creates a family-like atmosphere among the people involved in the production. For Rebecca and Torrie, the Mid-Columbia Ballet has been part of their lives since childhood. Both began dancing with the organization at age seven and have since returned as teachers, helping introduce the next generation to the art form.Their connection to the ballet has continued into their adult lives, creating an opportunity to share their love of dance with younger performers.Torrie now has three daughters performing in The Nutcracker, giving her the chance to watch them experience a tradition that was also part of her own childhood.Being able to see her daughters participate in the production has made the experience especially meaningful, she said.Although audiences can see productions of The Nutcracker in major cities such as New York and Seattle, those involved with the Mid-Columbia Ballet say the local performance offers something distinctive.The community atmosphere allows audiences to experience the production while supporting local performers and the people who dedicate their time to the arts.Rebecca says experiencing a live performance alongside other people is particularly meaningful in a world where so much time is spent looking at screens.She believes live art gives people an opportunity to connect with one another through a shared experience.The ballet’s production also gives local dancers the chance to perform for their community while continuing a tradition that has been part of the Tri-Cities for five decades. When to see ‘The Nutcracker’ in RichlandThe Mid-Columbia Ballet will present its 50th-anniversary production of The Nutcracker Dec. 10 through Dec. 13 in Richland.Tickets go on sale Nov. 1. Audiences can look forward to seeing 144 dancers, new costumes and the work of more than 100 volunteers come together for the holiday production.COPYRIGHT 2026 BY APPLE VALLEY NEWS NOW. ALL RIGHTS RESERVED. THIS MATERIAL MAY NOT BE PUBLISHED, BROADCAST, REWRITTEN OR REDISTRIBUTED.
Anthropic wants investor money — but doesn't give them decision power
Dario Amodei and his cofounders will be happy to sell you shares in their AI giant. But you won't get a voice in the way they run their company.
Warriors’ Stephen Curry Compares Rookie to 6-Time All-Star
The Golden State Warriors are three games into the season and the picture is already becoming clear. The roster is banged up. The veterans are managing workloads. And the player who has looked most ready to carry a larger share of the offensive burden is a rookie.Yaxel Lendeborg scored 26 points, grabbed nine rebounds, and […] The post Warriors’ Stephen Curry Compares Rookie to 6-Time All-Star appeared first on HEAVY.
Bon Secours Mercy Health to acquire majority stake in Surgery Partners in $5.7B deal
Bon Secours Mercy Health is acquiring a majority share in healthcare services company Surgery Partners in a take-private deal valuing the acquiree at $5.7 billion, the organizations announced Monda | The pending deal values the short-stay surgical platform at $5.7 billion, and is the latest example of large health systems' push to build out their ambulatory networks.
SouthEast Alaska Regional Health Consortium invests additional $375K for tribal-led wellness efforts
The Healthy is Here program will help build a shared community smokehouse in Juneau
Ilhan Omar joins 'polarizing and dangerous' streamer at campaign event despite Democratic backlash
Rep. Ilhan Omar is set to share the stage with Hasan Piker despite fellow Minnesota Democrats urging her to cancel the appearance before midterm elections.
Jon Batiste shares health update on wife's cancer battle
Even in hard times, Jon Batiste knows he can lean on love.
Dr. Dave offers holistic approaches to breast health
Naturopathic doctor shares ways to support breast health through diet and supplements.
Workforce Solutions Jobs Update, 10-26-26
Texas Border Business Below you will find our Hot Jobs for this week, all these jobs and many more are available on www.workintexas.com. U.S. Border Patrol Information Session Tuesday, October 27, 2026 9 am – 12 pm Workforce Solutions Mission 901 Travis St., Ste.7 Mission, TX 78572 https://www.facebook.com/share/1CACWSYGJW Kumori Group Hiring Event Tuesday, October 27, 2026 […]
Women’s Heart Health Care Starts at Puberty: New Shared Framework from Leading Medical Societies
The American Heart Association, American Academy of Pediatrics, American College of Obstetricians and Gynecologists and the Society for Maternal-Fetal Medicine released landmark publications that redefine women’s heart health, starting at puberty. Amanda Marma Perak, MD, MSCI, a pediatric cardiologist at Ann & Robert H. Lurie Children’s Hospital of Chicago was the Vice-Chair of the collaborative writing group.
Bon Secours Mercy Health affiliate will buy Surgery Partners for about $5.7 billion
Surgery Partners shareholders other than Bain Capital would receive $23.50 a share in cash; the deal is expected to close in early 2027
Behind Andrew Scott’s viral ‘hole for daddy’ clip: ‘I still can’t believe he did it’
‘It Gets Worse’ creator shares the story behind Andrew Scott’s viral ‘hole for daddy’ clip. ‘I still can’t believe he did it,’ comedian Leo Reich says.
“Breaking Bad” star RJ Mitte’s sister pays tribute to late brother: ‘I just lost my other half’
Lacianne Carriere shared photos and videos from her brother’s life on Instagram.
Quantum Art Research Outlines More Efficient Quantum Approach to Wave Modeling
Insider Brief Quantum Art presented research on a quantum algorithm that uses known wave physics to simplify large-scale wave simulations, with potential
Arsenal 29yo very keen to return to England squad
Ben White is keen to return to the England squad next month, and he’s enjoying finally being able to share his minutes with Jurrien Timber.Photo by Maurizio Lagana/Getty ImagesFor a long time at Ars...
Business First: Q3 Earnings Snapshot
(AP) — Business First Bancshares, Inc. (BFST) on Monday reported third-quarter profit of $24.
Oracle adds a semantic layer to ground AI agents in the business context
The new capability gives AI agents and analytics applications a shared understanding of enterprise metrics, hierarchies, and KPIs while Oracle expands planning and Apache Iceberg support in its AI Lakehouse.
A Dietitian’s ‘Perfect Fall Snack’ Is Packed With Plant Protein and Healthy Fats
In TODAY.com’s Expert Tip of the Day, a dietitian shares her easy recipe that’s full of fall flavor and plant protein.
Wisconsin health officials warn more than a third of moms bed-share with babies
Health officials are sharing steps to reduce infant sleep deaths.
Protesters Storm Rome’s Colosseum as Political Unrest Surges
Demonstrators forced their way inside Rome’s Colosseum on Saturday amid political and economic unrest that has rocked Europe in recent days. NBC’s Raf Sanchez reports for TODAY.
IDEA Grants Allow Sisters to Share Passion
'UConn helped me realize I can be a STEM student, but that doesn’t mean I’m not allowed to be creative and have fun hobbies. You get to be multidiscipl ...
To keep rural healthcare workers, Missouri is helping cover their childcare costs
New funding will expand a program that shares childcare costs among employers, families and the state. But finding available care still presents a challenge for many families.
TOC Predictions For The 2026-27 Basketball Season
TOC staff share their predictions for the Spartans upcoming season
Community investments: How affordable financing supports housing and small business growth
FHLBank Chicago’s Katie Naftzger shares how the institution has expanded their Mortgage Partnership Finance® (MPF®) Habitat for Humanity® Program in response to rising costs.
Live Nation Entertainment (LYV) Stock Trades Near Fair Value Following Its 121% Run
Live Nation Entertainment has rewarded long term holders, and the stock now trades around US$173.44, which puts its cash generation in sharp focus. With that kind of share price level, the question is whether the current market value can be backed up by the cash flows the business is expected to produce. Over the past 3 years the stock has returned 120.7%, so a lot of future cash flow strength is already being reflected in the price. The company leans heavily on converting concert promotion...
What Happened to the Neanderthals?
Scientists now know that they shared many of the sophisticated abilities of Homo sapiens. So why are we the only humans left standing?
Divided nation: Republicans prize patriotism, Democrats equality-Poll
As crucial midterms loom, a Gallup/With Honor survey found no consensus that basic American values are shared across party and other lines.
Patrick Mahomes Puts Chiefs on Notice After Career-Worst Performance
Kansas City Chiefs quarterback Patrick Mahomes shared a brutally honest take after his team lost to the Seattle Seahawks. The post Patrick Mahomes Puts Chiefs on Notice After Career-Worst Performance appeared first on HEAVY.
12 AI models were asked what they really think about humans — and almost all agreed on one uncomfortable truth
29 of 35 responses shared the same theme
BUSINESS MONDAY: Spotlight on Heart & Soil Collective’s latest offering—cooking classes!
These hands-on, farm-to-table classes bring people together to cook and share a locally grown meal while learning skills and building community.
Connections: Sports Edition today: Hints and answers for Oct. 26, 2026, puzzle No. 763
Welcome to Connections: Sports Edition Coach — a spot to gather clues and discuss (and share) scores.
Community members speak out during tense mental health advisory board meeting
Community members impacted by the withdrawal of Kings View services shared concerns during a mental health advisory board meeting last week, saying the closure of a local mental health center had left gaps in care. Board members also navigated a number of other tense moments during the meeting.
How to talk politics with family: Minnesota debate coach shares tips
A University of Minnesota debate coach is sharing advice on navigating political disagreements ahead of Election Day. He explains winning the argument isn't necessarily the goal of a political debate.
How to talk politics with family: Minnesota debate coach shares tips
A University of Minnesota debate coach is sharing advice on navigating political disagreements ahead of Election Day. He explains winning the argument isn't necessarily the goal of a political debate.
Shares fall in Asia after a decline on Wall Street, and oil prices fall more than 1%
Shares are mostly lower in Asia after a retreat on Wall Street, while oil prices have fallen more than 1%.
Nu Holdings (NU) Faces Political And Leadership Questions, Does It Look Fairly Valued?
Election shock and leadership change put Nu Holdings in focus Nu Holdings (NYSE:NU) is under fresh scrutiny after a Brazilian election result sparked a double digit overnight drop in the stock, just as the fintech disclosed a pending chief technology officer departure. Over the past month, Nu Holdings has seen an 11.55% share price return and a 4.12% gain over seven days, even though the year to date share price return is down 10.93% and the one year total shareholder return has declined...
Dad shares ‘complaints’ about his toddler’s restaurant business and it’s too adorable
"It's a very clean establishment, but whewww let me tell you about this owner."
New heist movie starring Pete Davidson to finally hit theaters in November
Billed as ”Point Break" meets “Fast and Furious,” Davidson will share the silver screen with Nicholas Hoult and Zoë Kravitz.
USC Drops Out of AP Top 25 Poll After Wisconsin Loss, UCLA Rises Again
Both the USC Trojans and the UCLA Bruins had their rankings in the Associated Press Top 25 poll following their results from Saturday. View this post on Instagram A post shared by LA Sports Report (@lasportsreport) What Happened to USC’s Ranking? Following their loss to Wisconsin on Saturday, USC dropped out of the Top 25. […] The post USC Drops Out of AP Top 25 Poll After Wisconsin Loss, UCLA Rises Again appeared first on LA Sports Report.
Sky Sports share rumours of unhappy Leeds United star live on air vs Sunderland
Daniel Farke looking unimpressed as Leeds United take on Sunderland at Stadium of Light on 25 October
Nintendo reveals why you don't actually fight Bowser in Super Mario Bros. 1
Nintendo’s Shigeru Miyamoto has shared some insight into why players don’t actually fight Bowser in the original Super Mario Bros. Miyamoto was present at a press conference at the end of the week to celebrate him becoming the first developer to win Japan’s Order of Culture award. During the event, he was asked to share behind-the-scenes stories about the making...
China Star Entertainment (SEHK:326) Stock Looks Richly Priced As Its 8.6x Run Continues
China Star Entertainment has logged very strong multi year share gains, so the key issue now is whether the current price can be supported by the value of assets on its balance sheet. For anyone looking at the stock today, the immediate question is how that share price lines up against its book value. Over the past 3 years the stock has returned about 8.6x. This puts a lot of weight on whether the underlying equity in the business justifies this kind of move when you compare it with the...
Jay Glazer Shares Jalen Hurts Health Update, NFL And NFLPA Joint Investigation
On "FOX NFL Sunday," Jay Glazer shared the latest on Jalen Hurts' health and said that the NFL and NFLPA are doing a joint investigation.
Jennifer Hawks explains why she should be California's State Treasurer
Jennifer Hawks, a candidate for California state treasurer, shared her qualifications and vision for the office in an interview on California Politics 360.
Cam Skattebo Update: Will Giants Star RB Play Against Texans?
New York Giants share news on RB Cam Skattebo after benching in Week 6. The post Cam Skattebo Update: Will Giants Star RB Play Against Texans? appeared first on HEAVY.
Google's next TV gadget may do much more than stream
A reported hardware overhaul could bring Gemini further into the living room.
Ranked: Countries With the Most Trust in Science
Discover which countries trust science the most and least in 2025, and how education, religion, and culture shape public confidence.
Seamus Power, Austin Smotherman Share Lead In Windy Bermuda Showdown
Seamus Power and Austin Smotherman share the Bermuda Championship lead at 16 under, with fierce winds and PGA Tour playing privileges adding drama to Sunday's finale.
The Health Benefits of Blueberries—and the Best Ways to Eat Them
Are blueberries good for you? Experts share the health benefits of these popular berries. Plus, discover what to look for when buying blueberries, the best way to store them, and how to use blueberries in your food and cooking.
CEO SUNDAY: Atomic Wings CEO shares his journey from Wall Street to the restaurant business
Atomic Wings CEO Zak Omar shares how his father’s influence, a leukemia diagnosis and a commitment to customer service shaped his path to building a 35-location restaurant chain.
Google DeepMind exec shares skills that can make graduates stand out
Extra-curricular activities on a CV show if someone has a preset for "lifelong learning," said Google DeepMind exec, Lila Ibrahim.
Connections: Sports Edition today: Hints and answers for Oct. 25, 2026, puzzle No. 762
Welcome to Connections: Sports Edition Coach — a spot to gather clues and discuss (and share) scores.
What Bears Saw Before Hims & Hers Health Slid
If you only glanced at the headlines on Hims & Hers Health, the story looked exciting. AI-native care, GLP-1 partnerships and global expansion sounded like the textbook setup for a win. For Hims & Hers Health shareholders, the loss over the past year was 43.2%, including dividends. If you had been deciding whether to buy on 23 October 2025, what clues were already on the table about rising costs, legal risk and dilution pressure? Hims & Hers Health is not the only name tied to this theme...
Sunday Preview – Orlocks rule the roads of Necromunda
See what’s coming up next week for Necromunda, Warhammer 40,000, and more.
'Arguably Better Than Face ID': the iPhone Duo Touch ID Tip to Try
An iPhone Duo owner has shared a Touch ID tip on Reddit they claim is "arguably better than Face ID". It involves registering the lowest part of your index finger instead of the pad of your fingertip. The poster says this segment rests naturally against the side button during pickup and unlocks the phone as you lift it, and it seems at least some users agree. The tip has since been shared on the MacRumors forums, where another Duo owner reports it working for them.
Atomic Wings CEO Zak Omar on leadership, family and building the business
Atomic Wings CEO Zak Omar shares how family, personal challenges and lessons in leadership helped shape his career and grow the chain to 35 locations.
Tiger Woods Gets Double Good News as Vanessa Trump Shares Health Update
Tiger Woods remains a presence in golf through his playing career, business ventures, and course-design work. His TGR Design firm has worked on several projects, while a proposed development in Northern Ireland has attracted attention from the golf industry.Away from golf, Woods has also drawn public interest through his relationship with Vanessa Trump. The couple […] The post Tiger Woods Gets Double Good News as Vanessa Trump Shares Health Update appeared first on HEAVY.
Milwaukee Brewers manager Pat Murphy ponders the purpose of ties
Milwaukee Brewers manager Pat Murphy shared his opinion about ties ahead of Game 2 of the World Series.
Jon Gosselin’s ex shares emotional reaction to Collin’s book: ‘I will always be your mom’
Colleen Conrad dated the “Jon and Kate Plus 8” star from 2014 to 2021.
Google gives Fitbit a major health upgrade with one catch
Some of its most advanced insights require a $9.99 subscription.
Netflix’s Leadership Shake Up…Explained
(Welcome to the “Most Important Story of the Week”, my bi-weekly strategy column analyzing the most important (but often not buzziest) news story of the last two weeks. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. Please subscribe.) Well, I had a simple article planned for this week. Called “Whoa, I Missed It!”, I’d take a gander at a few important-but-under-the-radar stories I didn’t cover while I wrote about all things “Skydance. (Formerly known as “the saga of Netflix trying to buy Warner Bros., but not Discovery, then Paramount-Skydance bought all of Warner Bros. Discovery”.) Alas, that article will have to wait. Netflix made news. Ironically, my “Whoa, I Missed It!” article would have mostly been about “content” strategy decisions, which is also what today’s article is about. But instead of the entire industry, this article will only cover Netflix’s decision to upend their film and TV content teams. Just that! So that’s the full topic of the day. I’m going to tackle the issue in the opposite direction of the way “stuff” flows: uphill. We’ll start at film, then move onto TV, and then onto the CEOs themselves, and the strategy questions that still remain. But we start with the numbers driving this. Let’s dive in. Subscribe Most Important Story of the Week - Netflix Upends Their Corporate Hierarchy I’ve got a lot of thoughts, but we’ll start with the most common response to yesterday’s article. Let’s Talk Stock Price More than one person, responding to what I published two days ago, pointed out that, well, actually, the thing driving Netflix’s actions is this: In short, stock price! Even if Netflix isn’t obsessed with their own share price—they probably are, but, for the record, my strategic advice to every CEO is to absolutely ignore stock prices, which will, ironically, probably help the stock price long-term—most everyone thinks they are. By the way, I prefer market capitalization to stock prices, because it’s a more apples-to-apples way to compare companies: But there’s an even better way to look at it, and it kinda casts some doubt on the entire push here: price-to-earnings. I have a long list of articles that I wish I had written, and chief among them is an article titled, “Am I Still a Netflix ‘Bear’?” meaning someone who thinks Netflix’s stock is overvalued. As of last summer, Netflix had solved their biggest problem—which for me (circa 2019) was the lack of free cash flow—but their stock was CRAZY overvalued. That’s this chart here: Why did Netflix’s stock price increase to a price-to-earnings ratio of 50 last summer? What financial metric changed so quickly? Nothing. Given that, historically, mature entertainment companies average 10 to 20, with 16 being the average, that increase made little sense. Netflix’s stock swoon these last eight or so months wasn’t irrational; the stock price rise last year was. So if you want a really hot Netflix take, here it is: Netflix’s stock price has been going down because the financial industry recovered its senses, not because of any strategic mistake. Yes, that would imply that cleaning house may have been a mistake. That’s why the charts yesterday are so important, because they show that Netflix did have a strategic problem (a lack of hits) and that’s what they moved to address. (One could also argue the industry drastically overrated Netflix’s growth prospects, but that’s a financial industry problem, not a Netflix strategy problem per se. Some growth estimates are just crazy. *cough* AI *cough*) Now, the last time Netflix’s stock price crashed—circa 2022—it gave them an opening. I’d argue Netflix insiders knew they needed to expand post-COVID-19 crisis, adding advertising, cracking down on password sharing, and dabbling in sports. But if they had done that when their stock price was high, it would give folks a reason to second guess their strategy. (Arguably, last year, when Netflix pursued the Warner Bros. merger, it gave the industry a chance to review their business.) Instead, after the 2022 fall, they had the opening to make strategic changes. We may see Netflix pivot again following this latest slide. For example, the “binge versus weekly” conversation is alive and well again. Same for expanding into theaters even more. And adding both linear channels and streaming bundles. And maybe more either social, user-generated, vertical, or creator content. But the first shift came with who is making the content calls. A Message from Our Sponsor Last winter Pulp Fiction was on Netflix. For those same 90 days, it was also free, with ads, on Pluto TV and the Roku Channel. That is not a glitch, and it is not rare. The title has run on 20 different US streaming services since 2019, across 80 separate windows, and for more than 600 of those days it sat on a paid subscription service and a free ad-supported one at the same time. Almost nobody can see this, because when a title leaves a service, the record that it was ever there tends to leave with it. Reelgood keeps that record, dated to the day rather than the month: 4MM+ movie, show and episode titles across 300+ services globally, with timestamped arrivals, departures and moves across SVOD, AVOD, TVOD and vMVPD. Licensing teams price against every prior window. Rights teams check what a licensee actually delivered, and when. Pick a title you think you know: data.reelgood.com/title-availability Film - Dan Lin Want to know why I don’t opine on individual film or TV executives, especially new hires? Dan Lin. As I always caution, it’s really, really, really tough to predict which executives will succeed in new roles and which won’t. The successful head of co-production/finance partner, Rideback, Lin was considered for the head of DC Studios job before taking the job as the head of Netflix. By all accounts at the time, this was a smart hire. (That’s my read of the news coverage anyways.) But now that Netflix has fired Dan Lin, we got a slew of news stories about how he was doing a terrible job. In sports media, Bryan Curtis, new Substack writer/podcaster from The Ringer, calls this the “now you tell us” story, when you only hear the bad news after a star athlete leaves a sports team. In this case, now they tell us that Dan Lin was bad with talent after he got kicked out the door. So was Dan Lin a flop? It’s actually tough to say. While film moves faster than TV, even two years isn’t really enough time to evaluate a person’s output. The new head hasn’t really taken control. As Emily Horgan noted, it takes much longer than two years to produce animated films, so yeah, it’s definitely too early to judge in that domain. As for live-action films, I just published an article by Brandon Katz called “Netflix’s Summer of Bummer”, but I’d point out Netflix had a bad summer two years ago too. Arguably, their best summer came from KPop Demon Hunters last year and Happy Gilmore 2, the latter of which I saw credited to Lin. Then, the stories came out that Dan Lin clashed with talent, both Ben Affleck and Greta Gerwig, classic “now they tell us” factoids to explain his firing. This may have been true, but also should have been expected given that he was given the mandate to bring budgets back in check, especially after Rebel Moon. So if he made folks upset, well, that’s what he was hired to do! But also, he was described as “well-liked” at his hiring! In that case, I’m a bit sympathetic to Lin, since he may have been undercut by senior leadership, as often happens. Basically, a CEO hires a subordinate to be their “bad cop” and keep budgets in check, but then when talent complains, the CEO ends up undercutting them. That’s how I think you end up with a Narnia movie as expensive as any of the other flops, along with a film executive the town no longer likes. As a result, I think that Netflix is now executing a classic “hire the opposite” move by hiring Peter Rice. This phrase comes from my experience following football and basketball coaching decisions, where teams generally hire the opposite of who they just had. If you have an offense-minded head coach, hire the defensive guy. Or in college football, if you have a strong recruiter, then you pivot to an “X’s and Os” type of guy. Or in pro basketball, if you have a very analytically minded coach, you hire the player-friendly guy. I see that here. After dropping Scott Stuber—arguably a talent-friendly executive with lax budget control—Netflix hired the business guy to keep costs in check. Now Netflix is pivoting back to Peter Rice and presumably a more talent-friendly regime. (Disney, by the way, has done this twice: hiring business guys to succeed talent-friendly Bob Iger. It didn’t work out last time.) When it comes to Peter Rice…we’ll see! Maybe he works out, but maybe he doesn’t. I’d actually say the biggest problem is that Netflix still hasn’t solved its “IP Problem”, in that they don’t own much IP, so they just have a lower hit rate. The new executive won’t solve that. (Though buying Lionsgate would help.) Share “Content” - Bela Bajaria I almost published yesterday’s article after this column, but ended up flipping the order, because it told the story so well. So if you want the data for why Netflix is looking at TV to fix their problems, it’s in that article, this graph in particular: I know I just wrote that it’s often hard to judge executives, but Bajaria ran TV for six years and film for three and a half more. That’s more than enough to judge hit rates, and Netflix needs more hits. That’s the story. Since 2023, Netflix hasn’t had as many hit shows as it used to, and many of its previous power house TV shows have ended their runs (Stranger Things most of all). Also, many shows from 2020 to 2022 probably pre-dated Bajaria’s tenure. (That said, one thing may have been outside of Bajaria’s control, which I explain below.) Let’s lump some content strategy thoughts about Netflix and TV into one place: We’re just getting started with this issue, but the rest is for paid subscribers of the Entertainment Strategy Guy, so if you’d like to find out… Why I partially blame Squid Game for Netflix’s latest troubles… What is “the football trap”... Why it might not be the TV shows or films’ fault at all… What change I don’t think Netflix will make... How Bela Bajaria evolved Netflix’s TV strategy in smart ways… Whose departure likely submarined Bajaria’s final few years… One sneaky explanation for Netflix’s content struggles... And a whole lot more... ...please subscribe! We can only keep doing this great work with your support.
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