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Spotify Technology SA is planning a $1-a-month increase in the price of its premium subscription, the ad-free version of its music and podcast streaming service.The timing of the increase — which would boost the price to about $11 a month — isn't definite, but could be announced as early as next week, said a person familiar with the company's thinking who asked not to be identified. A higher price would fit with Spotify's intention, initially reported by Bloomberg last month, to introduce a super-premium plan with…

LeBron James of the Los Angeles Lakers at a game against the LA Clippers at ESPN Wide World Of Sports Complex on July 30, 2020 in Lake Buena Vista, Florida.Mike Ehrmann | Getty ImagesAs Disney considers a strategic partner for ESPN, Chief Executive Officer Bob Iger and ESPN head Jimmy Pitaro have held early talks about bringing professional sports leagues on as minority investors, including the National Football League, National Basketball Association and Major League Baseball, according to people familiar with the…

An artist's rendering of the Project Kuiper satellite processing facility in Florida.AmazonAmazon will invest $120 million to build a satellite processing facility at NASA's Kennedy Space Center in Florida, as the company prepares to launch the first satellites for its Project Kuiper internet network, the tech giant announced Friday.The facility will be built at the Launch and Landing Facility that was once where NASA landed Space Shuttle missions. The LLF is now leased and operated by Space Florida, which serves as the…

Rafael Henrique | Lightrocket | Getty ImagesWalmart is reducing the cost of its subscription service for Americans who receive food stamps and some other types of government assistance, as it pushes to grow the program and notices more price sensitivity among shoppers.The nation's largest retailer said Thursday that it will cut the price of Walmart+ in half for those low-income households. Starting July 20, customers who are eligible for qualifying government aid can pay $49 a year or $6.47 on a monthly basis for…

Macy's launch event for its new private brand, On 34th, also marked one of the first public appearances by Tony Spring (left) since he was named incoming CEO. Spring is CEO of the company's higher-end department store chain, Bloomingdale's. He will succeed Jeff Gennette (right) in February.Melissa Repko | CNBCNEW YORK — Macy's, the 165-year-old department store chain, is looking for ways to keep up with the newer kids on the block.The retailer faces slumping sales, and its stock has struggled in a good year for the…

Visitors and cosplayers at a poster at San Diego Comic-Con.Ullstein Bild | Ullstein Bild | Getty ImagesSan Diego Comic-Con will return to is roots this weekend, as Hollywood A-listers skip out on promotional panels and walk picket lines in Los Angeles.Actors went on strike last Friday, effectively shutting down the film and television industry.As part of their strike, actors are not permitted to promote any work tied to TV or theatrical contracts with studios. That means no interviews, premieres, social media posts and no…

Bloomingdale's is just one of the retailers and brands trying to tap into Barbie buzz. It has a pop-up with exclusive Barbie-inspired apparel and accessories, along with a life-sized Barbie box where shoppers can strike a pose.Bloomingdale'sNEW YORK CITY — In the middle of Manhattan, shoppers can step inside of a life-sized Barbie box, strike a pose by a hot pink slide and browse earrings, dresses and candles inspired by the iconic plastic doll.The pop-up shop inside Bloomingdale's flagship store is just one example of…

Striking Writers Guild of America (WGA) members walk the picket line in front of Netflix offices as SAG-AFTRA union announced it had agreed to a 'last-minute request' by the Alliance of Motion Picture and Television Producers for federal mediation, but it refused to again extend its existing labor contract past the 11:59 p.m. Wednesday negotiating deadline, in Los Angeles, California, July 12, 2023.Mike Blake | ReutersTraditional TV is dying. Ad revenue is soft. Streaming isn't profitable. And Hollywood is practically…

Disney is open to potentially selling an equity stake in ESPN and is looking for a strategic partner in the business as it prepares to transition the sports network to streaming, CEO Bob Iger said Thursday.The linear TV business has degraded over the past year more than Iger expected, the Disney CEO told CNBC's David Faber Thursday in an interview at Sun Valley, Idaho. Disney announced yesterday Iger has extended his contract to 2026 as CEO. He returned to run Disney last year after stepping down as CEO in 2020.Disney has…

A test of a BE-4 engine at the company's Launch Site One facility in West Texas on Aug. 2, 2019.Blue OriginJeff Bezos' space company Blue Origin suffered a rocket engine explosion while testing its BE-4 rocket engine last month, CNBC has learned, a destructive setback with potential ramifications for the company's customers as well as its own rocket.During a firing on June 30 at Blue Origin's facility in West Texas, a BE-4 engine detonated about 10 seconds into the test, according to several people familiar with the…