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    Netflix Stock Slips After Streamer Announces $1.9 Billion Junk-Bond Offering

    Netflix’s eye-popping rise on the stock market has hit a speed bump: Shares of the streaming giant fell as much as 5% Tuesday, after the company announced its biggest junk-bond offering to date. The sell-off came after Netflix on Monday evening priced $1.9 billion in debt financing, cash it intends to use to feed its [...]

  • Bill Cosby departs after his sexual

    Bill Cosby's Defense Lawyer Calls Accuser 'Pathological Liar'

    NORRISTOWN, Pa. — A defense lawyer for Bill Cosby told jurors in his sexual assault retrial Tuesday that they should reject the “flimsy, silly, ridiculous” case against the entertainer and find him not guilty of all charges. Defense lawyer Thomas Mesereau directly addressed the #MeToo movement — the cultural awareness that has resulted from the [...]

  • Merger Mayhem

    Merger Mayhem: Media Companies Scramble to Bulk Up in Order to Survive

    Hollywood hasn’t been this on edge since the advent of talking pictures nearly a century ago. Across every studio lot, in the halls of every network, production company and talent agency, there’s a level of angst that has spiked far beyond the usual panic over opening-weekend box office numbers or the ratings of a big-budget [...]

  • Bruce Springsteen and Patti SmithWorld Premiere

    Bruce Springsteen Joins Patti Smith on Stage at Tribeca 'Horses' Premiere

    Monday night at the Tribeca Film Festival belonged to lovers of Patti Smith. Bruce Springsteen was a surprise guest at the Beacon Theater as Smith tore through a short set following the world premiere of Steve Sebring’s documentary “Horses: Patti Smith and her Band.” The docu chronicles Smith’s 2015 and 2016 tour marking the 40th [...]

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    APOS: Asian Video Market Set for Strong Growth (Study)

    Online video is set to grow rapidly in Asia for the next five years, according to a new study of the region’s TV, video and online markets. The study excludes the largely separate mainland China market. Media Partners Asia forecasts that online video will expand to 20% of total video industry revenues by 2023, up [...]

  • netflix debt

    Netflix Raises $1.9 Billion in Debt Financing, Its Biggest Round Ever

    Netflix priced a junk-bond offering of $1.9 billion — the streamer’s biggest round of debt financing to date — as it looks to fuel its continued content binge-spending. The $1.9 billion debt offering, announced Monday evening, was increased from Netflix’s plan announced earlier in the day to issue $1.5 billion in debt. Shares of Netflix [...]

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