FTX looks for $9.4 bln in rescue funds from investors, rivals

Nov 10 (Reuters) – FTX is scrambling to raise about $9.4 billion from investors and rivals, a source said on Thursday, as Chief Executive Sam Bankman-Fried urgently seeks to save the cryptocurrency exchange that has been buffeted by a rush of customer withdrawals. Over the past few hours, Bankman-Fried has discussed raising $1 billion each … Read more

Cryptoverse: Hack jitters push bitcoin investors back to the future

Oct 11 (Reuters) – It’s not easy being a crypto investor. They’ve seen the value of their holdings drop like a brick this year, and now many are stewing over the safety of their crypto cash after a series of heists that’s seen around $2 billion spirited away by hackers. Enter the ghost of technology’s … Read more

French TV shares slump after merger to challenge Netflix collapse

A view shows the headquarters of French television group M6 in Neuilly-sur-Seine, near Paris, France, May 21, 2021. REUTERS/Sarah Meyssonnier/File Photo Sign up now for unlimited FREE access to Reuters.com List PARIS/MILAN, Sep 19 (Reuters) – The collapse of a deal to form a French TV giant to challenge US streaming services like Netflix (NFLX.O) … Read more

French broadcaster gives up anti-Netflix merger deal

Sign up now for unlimited FREE access to Reuters.com List PARIS, Sep 16 (Reuters) – France’s two largest private broadcasters, M6 Group (MMTP.PA) and TF1 (TFFP.PA), scrapped their planned merger to fend off a resurgence of US streaming platforms, saying antitrust demands made the deal irrelevant. If successful, the deal would change the landscape of … Read more

Ubisoft CEO says still open to other partners after Tencent deal

Yves Guillemot, CEO of Ubisoft, speaks on stage during the Ubisoft E3 conference at the Orpheum theater in Los Angeles, California June 15, 2015. REUTERS/Mario Anzuoni Sign up now for unlimited FREE access to Reuters.com List ‘We can do whatever we want,’ says the founding CEO Ubisoft to make three mobile games with Netflix The … Read more

Lawyer of alleged crypto launderer urges Russia to discuss prisoner swap – letter

Alexander Vinnik, a 38 year old Russian man suspected of running a money laundering operation using bitcoin, is escorted by police officers to a court in Athens, Greece December 13, 2017. REUTERS/Costas Baltas Register now for FREE unlimited access to Reuters.com Register MOSCOW, Sept 5 (Reuters) – The lawyer of a Russian man accused of … Read more

Netflix agrees to show ‘Bardo’ in American theaters

Sign up now for unlimited FREE access to Reuters.com List VENICE, Sep 1 (Reuters) – In a break from its normal business model, US streaming giant Netflix (NFLX.O) has agreed to screen Oscar-winning director Alejandro González Iñárritu’s latest film in US and Mexican theaters before moving it online. “Bardo, False Chronicle of a Handful of … Read more

From burgers to gadgets, stressed consumers buy cheap

NEW YORK/LONDON, July 26 (Reuters) – Some global consumers are showing signs of cracking as shoppers stressed by record inflation stick to buying staples like food, bleach and cheap burgers, while those with larger bank accounts are buying $3,000 at Louis Vuitton. handbags Investors are closely watching second-quarter corporate results for signs that economies are … Read more

Tesla quarterly profit beats estimates; sells most of its bitcoin

A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson Register now for FREE unlimited access to Reuters.com Register July 20 (Reuters) – Tesla Inc (TSLA.O) on Wednesday reported a higher-than-expected quarterly profit as a string of price increases on its best-selling electric vehicles helped offset production challenges caused by … Read more

Hollywood veteran Chernin forms new studio by acquiring Red Arrow Studios

Cast member Christian Bale signs autographs at a special screening for the film “Ford v Ferrari” in Los Angeles, California, U.S., November 4, 2019. REUTERS/Mario Anzuoni/File Photo Sign up now for FREE unlimited access to Reuters.com List LOS ANGELES, July 6 (Reuters) – Hollywood veteran Peter Chernin announced Wednesday that he is forming a new … Read more