Streetbeat News

Partnerships

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

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

DIS

Disney has announced a $1.5 billion investment in Epic Games, the creator of Fortnite, to collaborate on new content. This strategic partnership aims to leverage Disney's extensive media and entertainment portfolio with Epic's gaming and technology expertise.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:13 pm

FUBO

FuboTV shares are trading lower following the announcement of a joint venture by ESPN, Fox, and Warner Bros. Discovery to launch a new streaming sports service in the U.S. This development introduces significant competition for FuboTV in the sports streaming market.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 8:29 pm

DIS

Walt Disney Co (NYSE:DIS) shares are trading flat following an announcement of a joint sports streaming service launch this fall with ESPN, Warner Bros Discovery, and Fox. The service will offer a wide range of sports channels and the option to bundle with Disney+, Hulu, and Max. Disney is also preparing to report its fiscal first-quarter financial results, with expected earnings of 99 cents per share on $23.643 billion in revenue. Disney shares experienced a slight decline of 0.31% to $98.98.

Portfolio Pulse from Adam Eckert

February 07, 2024 | 8:11 pm

COIN

Prometheum Inc., a U.S.-based crypto securities platform with regulatory approval, plans to offer Ethereum's Ether (ETH) custody services to its clients. Despite not generating revenue yet, the co-CEOs aim to start these services soon, with plans to expand to other significant tokens. Prometheum's move into regulated crypto custody and trading could influence how the SEC views ETH, amidst debates over its classification as a security or commodity. The company targets asset managers, hedge funds, and banks, potentially benefiting from SEC rules on crypto asset custody.

Portfolio Pulse from Murtuza Merchant

February 07, 2024 | 8:06 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

AVNW

GLT

HOLO

SNAP

TCS

TGI

YUM

U.S. stocks traded higher with the Dow Jones, NASDAQ, and S&P 500 all seeing gains. Yum! Brands reported disappointing Q4 results, missing sales and EPS estimates. MicroCloud Hologram, Glatfelter Corporation, and Aviat Networks saw significant stock price increases, while Triumph Group, The Container Store Group, and Snap Inc. experienced notable declines. Oil prices rose, while gold remained mostly flat.

Portfolio Pulse from Avi Kapoor

February 07, 2024 | 7:32 pm