Business
Wazupnaija – Naija Entertainment blogs & Forums – Business
Netflix Announces It Will Spend $18 Billion USD on Content This Year
Netflix is doubling down on providing more content this year. According to the streaming giant's CFO Spencer Neumann, Netflix is expecting to spend $18 billion USD in cash on content for 2025. Heading towards greater expansion, Neumann spoke at the 2025 Morgan Stanley Tech, Media & Telecom Conference telling the audience, "We're not anywhere near a ceiling." In regards to Netflix as a global entertainment company, he said, "I think we are still just getting started." The $18 billion USD cash content spending would be an 11% increase from last year's $16.2 billion USD. Neumann also spoke of the anticipated revenue from the spending and reveals that Netflix has "pretty good predictability about [it]" as the spending is seen as a way of achieving margin targets. At the end of 2024, Netfli...
Serena Williams Is Now Part-Owner of WNBA’s Toronto Tempo
Serena Williams has officially become a part-owner of Toronto's inaugural WNBA team. Taking to social media to announce her new role, Williams i slated to join the Toronto Tempo ownership group just ahead of its first season. In her social media announcement, Williams can be seen bouncing a tennis ball that then morphs into an official WNBA basketball alongside text that reads, "New Court, New Game." The 23-time Grand Slam winner said in statement, "This moment is not just about basketball; it is about showcasing the true value and potential of female athletes -- I have always said that women's sports are an incredible investment opportunity. I am excited to partner with Larry [Tanenbaum] and all of Canada in creating this new WNBA franchise and legacy." Toronto Tempo is primarily owned by...
T-Pain Is Selling Publishing Catalog and Select Masters to HabourView Equity Partners
In today's latest music industry moves, T-Pain has agreed to sell his publishing catalog and select masters to HarbourView Equity Partners. Selling over 50 million singles in the course of his career, T-Pain has cemented himself as an industry legend. He amasses billions of streams across the world and has accumulated over 10 Billboard Hot 100-charting singles. Some of his biggest hits have landed him six Grammys with this year marking two decades since the release of his most popular tracks, "Buy U a Drank (Shawty Snappin')," "Bartender (feat. Akon)," "I'm N Luv (Wit a Stripper) feat. Mike Jones," Flo Rida's "Low" and "I'm Sprung." In a statement regarding his most recent deal, T-Pain said, "I'm excited for this next chapter and to partner with HarbourView Equity as they help preserve the...
Live Nation Urban Announces Investment Partnership With Breakr, Which Aims To Empower Creators
Live Nation Urban announced an investment into Breakr. Founded by brothers Anthony and Ameer Brown, Break aims to empower creators.
Cartoon Network Website Has Officially Shut Down
Cartoon Network has officially shuttered its doors on its website after 32 years of operation. The nostalgic and beloved childhood television channel that shaped many generations of youth in the past three decades is making a significant transition into the modern streaming world with the closure. A digital playground riddled with nostalgia, featuring exclusive features and interactive games, the website's shut down is all a part of Warner Bros. Discovery's cost-cutting measures.Since Warner Bros. Discovery now owns Cartoon Network, the channel is a part of the overall strategy for the company to consolidate its digital platforms, which inevitably contributed to the website's closure. While the website is closed, the channel remains operational. Visitors of the CartoonNetwork.Com will now ...
Richard Parsons, Black Executive Who Oversaw Time Warner & Citigroup, Dies At 76
Richard Parson, a leading Black executive who oversaw Time Warner and Citigroup, has died at the age of 76.
Buzzfeed Sells First We Feast for $82.5 Million USD
Hot Ones is going independent. Buzzfeed has officially announced that it will be selling the First We Feast studio for $82.5 million USD. The studio is best known for the popular YouTube hot sauce and chicken wing celebrity talk show hosted by Sean Evans. The group acquiring First We Feast is a consortium of investors including founder of First We Feast Chris Schonberger, Hot Ones host Sean Evans, Mythical Entertainment -- the media company company created by YouTube stars Rhett and Link, podcast company Crooked Media and Soros Fund Management. Additional investors are expected to be announced at a later date. According to the New York Times, the deal will give Buzzfeed the ability to "pay down tens of millions of dollars in debt that was scheduled to come due this month." With proceeds fr...
Jaguar Unveils Brand Overhaul to Mark All-Electric Transition
This week Jaguar unveiled its forthcoming rebrand to accompany its push toward all-electric vehicle manufacturing. The auto brand has described its new philosophy as "Exuberant Modernism" characterized by "bold designs, unexpected and original thinking."The new thin and rounded typeface couldn't be more different than the sleek condensed sensibilities of the original logo, forgoing the think lettering for an ultramodern wordmark that combines uppercase and lowercase letters. The logo is not all that is changing; Jaguar unveiled the brand identity with colorful imagery featuring a diverse cast of models against bright pink backdrops–reflecting their new approach, celebrating individuality and non-conformity. View this post on InstagramA post shared by Jaguar (@jaguar)However, Jaguar's new b...
Auditor queries Kenya Power prime land lease deal with firm
Ms Gathungu revealed that internal valuers at Kenya Power valued the land in February 2023 at a...
Banking executive who led transformative initiatives loses long battle with Lupus
On August 5, she was admitted to the Aga Khan University Hospital in Nairobi. She never made it...
Inside climate financing mechanism Africa wants
The roots of this heated debate over climate finance stretch back to 1992, when nations were...
Bancassurance premiums hit Sh35bn as more firms join
The growth of the life insurance from bancassurance business has been largely fueled by credit...
