NEW YORK (Reuters Breakingviews) - Kevin Mayer may have to learn some new moves if he’s to succeed as TikTok’s new chief executive. The departing Walt Disney executive brings a lot to the party that the video app needs. He was most recently head of the Magic Kingdom’s streaming service and before that an M&A maestro. But TikTok Chinese parent ByteDance, where Mayer will also serve as chief operating officer, also needs him to navigate tensions between Washington and Beijing.
NEW YORK (Reuters Breakingviews) - Dark movie theaters may just be a taste of the near future. Even before Covid-19 completely shut down projectors at venues offered by the likes of AMC Entertainment, attendance was in decline and streaming services like Netflix on the rise. AMC is fighting back, but the notion that America's cinemas will fill up again may be as quaint as a silent film.
NEW YORK (Reuters Breakingviews) - Netflix is making the most of a near-captive audience. The $190 billion streaming service is benefiting as stay-at-home edicts around the globe have people searching for online distractions. And it doesn’t share the various worries besetting rivals like Walt Disney, AT&T and Apple.
NEW YORK (Reuters Breakingviews) - Christy Pambianchi oversees the well-being of more than 100,000 people. She explains how Verizon quickly rewrote the rule book to address the coronavirus outbreak from getting people set up at home to ensuring the safety of field employees providing critical infrastructure.
NEW YORK (Reuters Breakingviews) - The risks to Walt Disney’s business are multiplying. Most of its theme parks and movie theaters are empty thanks to Covid-19. Though Disney has some more virus-resistant properties, that's just the start. Former Chief Executive Bob Iger has left his successor with serious headaches.
NEW YORK (Reuters Breakingviews) - A major rift between Saudi Arabia and Russia has sent oil prices plummeting just as the Covid-19 outbreak saps demand. The fallout is pummeling U.S. shale producers and calling traditional energy-security concepts into question. Plus, market fallout in Japan, China and India.
NEW YORK (Reuters Breakingviews) - Americans are already freaked out about healthcare. The coronavirus is adding a new urgency. The two Democratic party’s main candidates for president, Vermont Senator Bernie Sanders and former Vice President Joe Biden, have very different ideas for tackling the issue.
NEW YORK (Reuters Breakingviews) - U.S. Fed Chairman Jerome Powell surprised markets with a rate cut ahead of schedule. Democratic presidential contender Joe Biden unexpectedly won the most states on Super Tuesday. Covid-19 may show up in China M&A clauses. The coronavirus is inspiring flights to safety.
NEW YORK (Reuters Breakingviews) - Walt Disney Chief Executive Bob Iger is finally working his way to the exit – Hollywood-style. The Magic Kingdom’s boss is handing the reins to Bob Chapek but is sticking around as executive chair and will keep watch over “creative endeavors” for another two years. It’s the first-part sequel, but the Iger show drags on.
NEW YORK (Reuters Breakingviews) - The race to the White House is well underway. President Donald Trump has already bought prominent advertising on YouTube on Election Day. Yet parent Alphabet is in regulators’ crosshairs and campaign money is a tiny slice of revenue. It’s a wonder why the $1 trillion company accepts political ads at all.