Streaming bundle battle?
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 1 December 2023
⏱️ 5 minutes
🧾️ Download transcript
Summary
Show Notes
These small-cap stocks could do favorably in an economic downturn - BofA
J&J gets upgrade from UBS with 'high conviction' in outlook
Episode transcripts seekingalpha.com/wsb.
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis. |
| 0:10.0 | Good afternoon. Today is Friday, December 1st, and I'm your host Kim Khan. Our top story so far. |
| 0:17.0 | Apple has discussed bundling its streaming service, Apple TV Plus, with Paramount's own service to make both more affordable. |
| 0:24.5 | Discussions are still in the early stages, and it's unclear what form a bundle could take, |
| 0:28.5 | according to the Wall Street Journal. |
| 0:30.7 | Data research firm Antenna, says Apple TV Plus and Paramount Plus have higher than average |
| 0:36.0 | customer churn rates at more than 7%. |
| 0:39.8 | Paramount is no stranger to partnering for its streaming service. |
| 0:42.3 | In 2022, it teamed up with Walmart |
| 0:44.4 | to offer Paramount Plus as part of Walmart Plus, which is Walmart's answer to Amazon Prime. |
| 0:49.7 | Apple doesn't break out the number of subscribers it has for Apple TV Plus, home to shows and movies such as for all mankind. |
| 0:56.0 | Last month, Paramount disclosed that Paramount Plus, which streams shows and movies such as the Frazier reboot, |
| 1:02.0 | Top Gun Maverick, and Tulsa King, |
| 1:04.4 | top 63 million subscribers following its merger with Showtime streaming services |
| 1:09.2 | earlier this year. In today's training, Federal Reserve Chairman Jay Powell leaned to the hawkish side in remarks at |
| 1:16.8 | Spellman College, but the markets are taking it more in stride after a need-jerk reaction. |
| 1:21.8 | Powell said it would be premature to conclude with confidence that we have achieved a |
| 1:26.8 | sufficiently restrictive stance or to speculate on when policy might ease. |
| 1:32.1 | We are prepared to tighten policy further if it becomes |
| 1:34.7 | appropriate to do so. We are making decisions meeting by meeting based on the |
| 1:40.1 | totality of the incoming data and their implications for the outlook for economic |
| 1:44.6 | activity and inflation, as well as the balance of risks. |
... |
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