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Marketing

PLNHF

NFL legend Ricky Williams, once criticized for his marijuana use, is now a prominent advocate for cannabis legalization and entrepreneurship. He has launched his own cannabis brand, Highsman, and is set to introduce a new brand, Highsman Sticky Ricky, at Planet 13 in Las Vegas during Super Bowl LVIII weekend. Williams' transition from a suspended athlete to a cannabis entrepreneur highlights the evolving perception of marijuana in sports and society.

Portfolio Pulse from Maureen Meehan

February 07, 2024 | 11:32 pm

WMG

Warner Music Group (WMG) announced it has started the process of exiting its owned and operated (O&O) media properties and in-house ad sales function. Additionally, WMG is in an exclusive process for the potential sale of its news and entertainment websites Uproxx and HipHopDX. The company also decided to wind down the podcasting brand Interval Presents and social media publisher IMGN.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 10:53 pm

CGC

Freshly Baked NYC, a new legal weed delivery service, has launched in Long Island City, NYC, serving Manhattan & Brooklyn. Co-founded by Pam and Dave Nicponski, the service aims to create a community around cannabis, offering a curated selection of products from New York's legal brands, including Camino, CANNA-CURE, and Jetty Extracts. The service emphasizes personalized cannabis experiences and community engagement, aiming to foster a positive cannabis culture in NYC.

Portfolio Pulse from Nicolás Jose Rodriguez

February 07, 2024 | 10:45 pm

FLUT

PARA

Martwon Weaver placed a $5 bet with FanDuel, a Flutter Entertainment plc unit, on five NFL awards with a potential payout of $680,960. The bet, which now has a market value of around $200,870, cannot be cashed out traditionally. Weaver, facing financial hardships, seeks to sell the bet through WagerWire. The NFL Honors awards ceremony, airing on CBS and streaming on Paramount+, could make this one of FanDuel's biggest unlikely odds wins.

Portfolio Pulse from Chris Katje

February 07, 2024 | 10:23 pm

MSFT

Microsoft's Activision announces a free trial for Call of Duty: Modern Warfare 3, starting Feb. 8, a day after Season 2 launches. Season 2 introduces new maps, a battle pass, cosmetics, and updates to multiplayer and Zombies mode. The trial offers access to nine multiplayer maps and full access to Modern Warfare Zombies. Season 2's release times vary by region.

Portfolio Pulse from Franca Quarneti

February 07, 2024 | 10:23 pm

GTN

Gray Television (GTN) has expressed support for the newly announced streaming service by Disney, Fox, and Warner Bros. Discovery (WBD), highlighting its potential to expand the reach of local broadcasting stations. The service aims to attract sports fans without pay-TV subscriptions.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 10:21 pm

DIS

Nick Saban, a renowned figure in football, has joined ESPN and will contribute to the network's NFL Draft coverage. This move is expected to enhance ESPN's draft coverage by leveraging Saban's expertise and insights into the game.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:53 pm

DIS

Taylor Swift's Eras Tour concert film will be available exclusively on Disney+ starting March 15, according to Reuters. This move could attract a significant number of new subscribers to the platform, leveraging Taylor Swift's massive fan base.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:38 pm

AMZN

GOOG

GOOGL

META

SNAP

Snap Inc's Q4 revenue missed estimates, causing its stock to plummet over 35%. Despite beating earnings per share estimates, analysts remain cautious, awaiting consistent execution. The company faces challenges from infrastructure investments, rising marketing expenses, and competition from larger platforms like Alphabet, Meta Platforms, and Amazon.com. Analysts from JPMorgan, Stifel, Truist Securities, and Oppenheimer provided mixed outlooks, highlighting the need for improved execution and market share recovery.

Portfolio Pulse from Surbhi Jain

February 07, 2024 | 7:55 pm

MSFT

Phil Spencer, head of Xbox, announced a business update event for next week to share details about Xbox's future vision, amidst rumors of Xbox titles being ported to other platforms like PlayStation 5. This move suggests a shift towards multi-platform gaming and a device-agnostic approach, potentially impacting Microsoft Corp.'s strategy by emphasizing accessibility and revenue diversification.

Portfolio Pulse from Franca Quarneti

February 07, 2024 | 6:08 pm