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    Reuters

    Long Island City, New York-based AlmondNet sued Amazon in 2021 (Image: Reuters)
    Amazon hit with $122 mln US verdict in internet-advertising patent case

    After a week-long trial, jurors agreed with AlmondNet Inc that elements of Amazon’s advertising platform infringe two AlmondNet patents related…

    By Reuters
    June 18, 2024 10:45 IST
    Microsoft intends to offer Apple'siOS-based devices to its employees in China to access authentication apps
    Microsoft’s Xbox marketing chief to depart for Roblox

    Jerret West oversaw the creation and delivery of multiple marketing campaigns, including those of games and consoles

    By Reuters
    June 18, 2024 09:25 IST
    Concerns about false news content online rose by three percentage points from last year (Image: Reuters)
    Global audiences suspicious of AI-powered newsrooms, report finds

    The institute’s annual Digital News Report published offers a picture of the hurdles news media faces in lifting revenue and…

    By Reuters
    June 17, 2024 17:15 IST
    Google introduces new AI model
    Google loses bid to end US antitrust case over digital advertising

    US District Judge Leonie Brinkema in denied Google’s motion during a hearing, according to court records

    By Reuters
    June 17, 2024 12:45 IST
    Musk, pay package, tesla
    Elon Musk’s Rs 4.65 lakh crore pay package won an overwhelming 77% of votes

    In 2018, 73% of Tesla investors had voted in favor of the same pay package, which was voided by a…

    By Reuters
    Updated: June 14, 2024 18:02 IST
    Skydance Media's CEO David Ellison reduced an initial $2.5 billion bid for National Amusements (Image: Reuters)
    Edgar Bronfman Jr expresses interest in Paramount owner, source confirms

    It is unclear what Bronfman’s interest might mean for the leading bidder for Paramount, independent studio Skydance Media

    By Reuters
    June 13, 2024 15:15 IST
    Sony Pictures Entertainment and private equity firm Apollo Global Management had earlier expressed interest in acquiring Paramount Global.
    Sony Pictures Entertainment buys cinema chain Alamo Drafthouse Cinema

    Alamo, which was founded in 1997, will continue to operate all 35 of its cinemas across 25 metro areas under…

    By Reuters
    June 13, 2024 10:10 IST
    us fed ap
    Fed holds rates steady, sees just one cut in 2024 despite inflation progress

    Recent progress has been slow, and Fed officials now project a slightly higher end-of-year inflation rate of 2.6% versus the…

    By Reuters
    June 12, 2024 23:59 IST
    Media companies are pouring millions of dollars into buying rights to live sporting events (Image: Reuters)
    Warner Bros Discovery’s TNT Sports inks 10-year deal to broadcast French Open in US

    The deal with the French Tennis Federation for an average of about $65 million per year will add Roland Garros…

    By Reuters
    June 12, 2024 13:00 IST
    In 2021, Spotify announced the HiFi audio feature to let premium subscribers in select markets upgrade their sound quality
    Spotify to introduce expensive plan later this year, Bloomberg News reports

    The new tier’s pricing will vary as per each user’s base plan but it is expected to average out to…

    By Reuters
    June 12, 2024 11:54 IST
    Financial details of the deals, however, were not disclosed (Image: Reuters)
    Rogers Communications signs content deals with NBCUniversal and Warner Bros Discovery

    The move comes at a time when Rogers is looking to boost its presence in sports and entertainment content

    By Reuters
    June 11, 2024 17:00 IST
    By comparison, Nike’s sales in the Greater China market rose 4.5% in its most recent quarter, though off a much higher base than smaller rivals.
    In China, a search for identity boosts Lululemon, premium sportswear brands

    Sportswear is a rare bright spot in China’s sluggish consumer market, as health and wellness have become a priority for…

    By Reuters
    June 11, 2024 10:42 IST
    Three months into 2024, and the buzz around AI refuses to die down
    US election officials split on AI disclosure rules for political ads

    There is growing concern in Washington that AI-generated content could mislead voters in the November presidential and congressional elections.

    By Reuters
    June 7, 2024 18:30 IST
    The upgrades include larger title cards, restructured information and a fresh "My Netflix" tab
    Netflix, Central Park Five prosecutor settle defamation lawsuit

    Tuesday’s settlement averts a trial over Fairstein’s portrayal in the series “When They See Us”

    By Reuters
    June 5, 2024 15:00 IST
    Benarroch is known as a hard-charging executive
    Joe Benarroch to step down as head of business operations of X, WSJ reports

    Benarroch held significant sway as an adviser to Yaccarino, including overseeing corporate communications, WSJ said, citing his former employees

    By Reuters
    June 5, 2024 12:30 IST
    The government says the legislation will ensure that online streaming services promote Canadian music (Image: Reuters)
    Canada says online streaming services must hand over 5% of their domestic revenues

    The CRTC said the money would be used to boost funding for local and aboriginal broadcasting

    By Reuters
    June 5, 2024 11:15 IST
    Meta has suspended several Instagram and Threads accounts
    Australia should force Meta to pay for news, News Corp executive says

    Meta struck payment deals with Australian media firms in 2021, most of which lapse this year

    By Reuters
    June 5, 2024 09:58 IST
    Paramount has shed about $18 billion in market value since December 2019, when Redstone reunited two halves of the family's media empire, CBS and Viacom.
    Paramount Global’s co-CEOs to lay out strategy for shareholders

    Under the terms of the latest offer from Skydance, Paramount would acquire the independent studio in an all-stock transaction valued…

    By Reuters
    June 4, 2024 18:20 IST
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