Google’s new gaming service will let game makers use rival clouds, executive says

Google’s new gaming service will let game makers use rival clouds, executive says
SAN FRANCISCO (Reuters) – A Google executive offered new details on Wednesday about the company’s upcoming video game streaming service, telling Reuters that game makers may use competing cloud providers and must avoid some inappropriate content. Google vice president and general manager Phil Harrison speaks during a Google keynote address announcing a new video gaming streaming service named Stadia that... Read More

Tencent Music hits low pitch after first earnings report exposes costs

Tencent Music hits low pitch after first earnings report exposes costs
BEIJING (Reuters) – Chinese streaming firm Tencent Music Entertainment Group delivered its first earnings report as a public company, meeting market expectations but exposing soaring license and content production costs which pulled its shares down 6 percent. Tencent Music Entertainment company is seen officially listed on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December... Read More

Tencent Music meets profit estimates in first earnings report, shares fall

Tencent Music meets profit estimates in first earnings report, shares fall
Tencent Music Entertainment company is seen officially listed on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 12, 2018. REUTERS/Bryan R Smith (Reuters) – China-based music streaming company Tencent Music Entertainment Group on Tuesday posted an in-line quarterly adjusted profit, in its first earnings report since going public. The company’s shares, which have gained... Read More

Tencent Music reports full-year 2018 profit of $272.7 million

Tencent Music reports full-year 2018 profit of $272.7 million
Tencent Music Entertainment company is seen officially listed on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 12, 2018. REUTERS/Bryan R Smith (Reuters) – China-based music streaming company Tencent Music Entertainment Group on Tuesday reported a profit of 1.83 billion yuan ($272.7 million) for full-year 2018, in its first earnings report since going public.... Read More

Foxconn says Wisconsin factory production to launch by 2020

Foxconn says Wisconsin factory production to launch by 2020
(Reuters) – Foxconn Technology Group Ltd said on Monday it will complete work on a new factory in Wisconsin to assemble liquid crystal display screens and start production before the end of next year. FILE PHOTO: The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company’s building in Taipei, Taiwan, March... Read More

Warner Bros CEO Kevin Tsujihara steps down

Warner Bros CEO Kevin Tsujihara steps down
FILE PHOTO: Chairman and CEO of Warner Bros. Entertainment Kevin Tsujihara arrives at the premiere of “King Arthur: Legend of the Sword” at the TCL Chinese Theatre IMAX, in Hollywood, California, U.S., May 8, 2017. REUTERS/Danny Moloshok (Reuters) – Warner Bros Chairman and Chief Executive Kevin Tsujihara has resigned from one of Hollywood’s most powerful studios following a report that... Read More

Exclusive: Eldorado Resorts, Caesars explore merger – sources

Exclusive: Eldorado Resorts, Caesars explore merger – sources
(Reuters) – U.S. casino operators Eldorado Resorts Inc and Caesars Entertainment Corp are in the early stages of exploring a merger, people familiar with the matter said on Sunday. FILE PHOTO: The marquee sign at Caesars Palace hotel is seen on the strip in Las Vegas, Nevada, U.S. February 16, 2011. REUTERS/Steve Marcus/File Photo The deal talks come after Caesars... Read More

Big investors look past Khashoggi to opportunities in Saudi Arabia

Big investors look past Khashoggi to opportunities in Saudi Arabia
DUBAI/RIYADH (Reuters) – Big investors in Saudi Arabia are pushing ahead with deals and pouring money back into its stock market as the kingdom tries to move on from the murder of Saudi journalist Jamal Khashoggi. FILE PHOTO: Saudi Arabia’s Crown Prince Mohammed bin Salman speaks during a meeting with Indian Prime Minister Narendra Modi at Hyderabad House in New... Read More

AT&T restructures WarnerMedia to gird for Netflix fight: memo

AT&T restructures WarnerMedia to gird for Netflix fight: memo
FILE PHOTO – An AT&T logo is pictured in Pasadena, California, U.S., January 24, 2018. REUTERS/Mario Anzuoni/File Photo GLOBAL BUSINESS WEEK AHEAD (Reuters) – AT&T Inc is restructuring its WarnerMedia business, according to a memo sent to employees on Monday and seen by Reuters, as it girds for a streaming video battle with Netflix Inc and Walt Disney Co. The... Read More