Warner Bros. has a lawsuit against Paramount for $500 million
South Park: An End to End Game For The CWD Westonazimuthal XMM-Newton Comedy Streaming License
The entire library of the show, as well as the 30 new episodes for seasons 24, 25, and 26 were intended to be brought on by the deal. However, Warner Bros. Discovery alleges it didn’t get what it paid for. South Park Digital Studios did not deliver on its promise of 10 new episodes each season and charged the company extra for the 50-minute Pandemic Special.
Nearly all “South Park” episodes air first on Paramount-owned Comedy Central. The creators of “South Park” auctioned off streaming rights to the first 23 seasons of the show.
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The U.S. and China say they have made progress in trade talks
The US and China concluded the trade talks with a positive note despite the tensions between the two countries, US Trade Representative Richard Bessent said. “Neither side wants a decoupling…We do want trade, we want more balanced trade, and I think both sides are committed to achieving that,” he added. “China has always pursued win-win outcomes in its trade and economic negotiations,” a Chinese diplomat said.
The U.S. and China are holding talks about the US tariffs on Chinese goods
US Treasury Secretary Scott Bessent, who held two days of talks with his Chinese counterpart He Lifeng in Geneva, has said China has been the “missing piece” in the US-China trade war. “We’ve been trying to find a solution to the dispute,” he added. China had imposed tariffs on $50 billion worth of US goods last month in response to US tariffs on $250 billion of Chinese goods.
Cook bungled Apple’s control over the App Store
Apple believed that dropping its App Store fees would “be very attractive to developers”, The New York Times reported. Apple further believed that it had expected a lot of large developers and small developers to offer link-out purchases to their users. It prevented developers from using links that would keep users in, because the company wanted to make it harder for them to leave.
GM feels great about the 5 billion dollar hit it expects to take from tariffs
General Motors, the largest automaker in the US, has said it won’t be raising its profit forecast for 2020 following President Donald Trump’s decision to scrap the 25% tariff on all imported automobiles. Earlier, Stellantis, which owns the Jeep, Dodge, and Ram brands, had scrapped its outlook for the year. The company’s Chief Financial Officer Doug Ostermann said there was “no certainty” about its outlook.
Apple doesn’t seem to be concerned about the tariffs
Apple on Wednesday reported a profit of $15.2 billion in the July-September quarter, down from $19.3 billion in the same period a year earlier. iPhone sales grew 19% year-on-year, Macs saw a 15% increase and iPad sales rose by 7% year-on-year. Apple blamed the fall in iPhone sales on “continued weakness” in global smartphone sales, especially in China.
Apple isn’t worried about Trump’s tariffs
Apple’s market value rose to $669 billion on Wednesday compared to $638 billion on May 20. The value of Apple’s app store business grew by around 25% year-on-year (YoY) in the recent quarter. Apple’s growth in app store revenue was driven by higher iPhone sales and App Store transactions, according to the company’s quarterly earnings report.