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New sports streaming platform: What to know

Los Angeles Lakers forward LeBron James, #23, during the NBA game between the Los Angeles Clippers and the Los Angeles Lakers at Crypto.com Arena in Los Angeles on Jan. 7, 2024.Jevone Moore | Icon Sportswire | Getty ImagesThe U.S. media world was rushing — or panicking? — Wednesday to try to figure out the ramifications of Disney, Warner Bros. Discovery and Fox's new joint venture, an unprecedented move to work together in the years since media companies broke out their own competing streaming platforms.The service will…

SpaceX, T-Mobile send first texts via Starlink satellites

SpaceX founder Elon Musk and T-Mobile CEO Mike Sievert on stage during a T-Mobile and SpaceX joint event in Boca Chica Beach, Texas, on Aug. 25, 2022.Michael Gonzalez | Getty ImagesSpaceX successfully sent text messages via Starlink satellites using T-Mobile's network, it announced Wednesday, as Elon Musk's company aims to bring its direct-to-device cell service to market in the coming year.The recent test comes as major players pursue the market to connect unmodified phones directly to satellites, a nascent subsector of…

Media, telecom companies face rough 2024

The GrinchSource: Universal Studios It's human nature for a new year to bring optimism and hope.For executives, investors and employees in the entertainment and telecommunications industries, 2024 is set to disappoint.Maybe that's too grinchy. Some things will get better. The actors' and writers' strikes are over. The 2024 U.S. presidential election should help boost advertising dollars as global TV ad revenue is on pace to decline 18% this year, according to media investment firm GroupM.Companies such as Warner Bros.…

T-Mobile sued after employee stole nude images from phone

T-Mobile is once again being accused of failing to protect sensitive consumer data after an employee at one of its retail stores stole nude images from a customer's phone when she came to trade in an old device, according to a lawsuit filed Friday. The incident is similar to at least eight others levied against T-Mobile in the past, according to court records and news reports. The lawsuit comes as wireless companies and other tech giants face increasing pressure from lawmakers to do more to protect customer data. The…

Iridium, Qualcomm end satellite-to-phone partnership

A Qualcomm sign is pictured at the Mobile World Congress in Shanghai.Aly Song | ReutersU.S. semiconductor giant Qualcomm ended its partnership with satellite communications company Iridium to provide satellite-to-phone services, Iridium announced on Thursday.Iridium stock fell more than 8% in after-hours trading from its close at $37.14 a shareThe company said that while the parties "successfully developed and demonstrated the technology," smartphone makers "have not included the technology in their devices," leading…

Pfizer to raise $31 billion for Seagen deal in debt offering

A logo for Pfizer is displayed on a monitor on the floor at the New York Stock Exchange, July 29, 2019.Brendan McDermid | ReutersPfizer plans to raise $31 billion through a debt offering to fund its proposed acquisition of cancer drugmaker Seagen, for what would be its largest takeover since 2009, according to a new filing with the Securities and Exchange Commission.Pfizer expects to complete the $43 billion Seagen buyout later this year or in early 2024. The debt offering is expected to close on May 19, according to a…

Ballpark food gets more expensive

Sodexo Live, a food and hospitality company, says food inflation is also hitting the ballparkCourtesy: Seattle MarinersThose peanuts and crackerjacks may soon cost you more at the ballpark, thanks in part to food inflation, the CEO of a top hospitality company told CNBC."It doesn't matter what industry you're in, everybody is noticing prices going up, and scarcity being an issue in certain product lines," said Belinda Oakley, Sodexo Live CEO. "Of course, we were no exception to that."Sodexo Live operates food, beverage…

TikTok live event ad business grows as it faces possible ban

The TikTok application for download in the Apple App store on a smartphone arranged in the Brooklyn borough of New York, US, on Thursday, March 9, 2023. The US is moving closer to restricting access to the popular video-sharing app TikTok, with Senate Intelligence Committee Chairman Mark Warner set to unveil a bill Tuesday that the Biden administration is poised to support, according to people familiar with the issue. Photographer: Gabby Jones/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesTikTok is…

SpaceX to test Starlink, T-Mobile cell service this year

Sopa Images | Lightrocket | Getty ImagesWASHINGTON — SpaceX plans to begin testing its Starlink satellite-to-cell service with T-Mobile this year, an executive of Elon Musk's company said on Monday."We're going to learn a lot by doing — not necessarily by overanalyzing — and getting out there," Jonathan Hofeller, SpaceX vice president of Starlink enterprise sales, said on a panel at the Satellite 2023 conference in Washington, D.C.The market for space-based data services directly to devices on the ground, such as for…