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The Latest Breaking News from DTC

Glossier CEO says the DTC beauty unicorn embraced Sephora sales after listening to its customers

"DTC isn't our value proposition. It's a channel."

Fortune

Bob Iger to fix streaming by gutting Disney content

Now that Iger knows what drives subscriber growth and what doesn't, he wants to thin out the bloated library of content on his loss-making streaming platforms.

Fortune

Warner Bros. Discovery Streaming Subs Hit 97.6M

Direct-to-consumer segment showed positive EBITDA of $50M in Q1 a major turnaround from negative $654M EBITDA a year ago

TV Tech

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Warner Bros. Discovery Posts $1.07 Billion First-Quarter Loss

Streaming subscribers increase by 1.6 million ahead of launch of enlarged Max as DTC business swings to profit

Broadcasting & Cable

30-year-old man dies after being hit by bus in Delhi's RK Puram

A 30-year-old man died after he was hit by a Delhi Transport Corporation (DTC) bus in the RK Puram area of New Delhi. Read further on Dynamite News:

Dynamite News

Aventon Abound E-Cargo Bike review: a reasonably priced, surprisingly fun cargo hauler

We tested Aventon's Abound e-Cargo Bike and came away impressed

Cycling Weekly

Direct-To-Consumer Marketers Boost CTV Spending: Digital Remedy

57/% of those using CTV and over-the-top plans to increase budgets

Broadcasting & Cable

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Hyundai Finds Causes For Ioniq 5's 12V Battery Drain, Reveals Fixes

Some Ioniq 5 vehicles were reportedly seeing as many as 5,000 Bluelink requests per day; Hyundai has now limited server traffic to 20 transactions per day.

InsideEVs

Delhi women's commission gives away 90 awards on International Women's Day

The Delhi Commission for Women gave away 90 awards on International Women's Day to honour those inspirational people, both men and women, who have displayed untiring commitment towards the cause of women and girls. Read further on Dynamite News:

Dynamite News

DN Exclusive: Loud Music By Drivers In DTC Buses Continues Causing Severe Torture To Commuters

In a number of DTC and Cluster buses, drivers and sometimes conductors too play loud music including even indecent songs causing lot of humiliation to passengers especially ladies. Read this exclusive report on Dynamite News:

Dynamite News

How a Disney senior staff rebellion put the final nail in Bob Chapek’s CEO coffin

Trouble had been brewing for months as CFO Christine McCarthy and other senior figures campaigned with the Disney board to force Chapek out.

Fortune

Plays by Black writers are finally getting the spotlight, from Broadway to the West

DALLAS — It’s a great time to be a Black playwright.

Tribune News Service

The disability champion who conquered a tricky national series

It’s 20 years since a highly significant accomplishment for disability motorsports was achieved by a driver who was on the cusp of Formula 1 before a life-changing accident. Jason Watt reflects on his path back to racing, and winning the Danish Touring Car Championship title

Autosport

House Of The Dragon Or Lord Of The Rings: The Rings Of Power — Which Do Benzinga Followers Prefer?

Two of the most anticipated new television series are launching on streaming platforms in August and September.

Benzinga

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The Hindu

46 private buses seized for carrying commercial goods

ANANTAPUR

Benzinga

House of the 'House of the Dragon' Is On Fire: Why Is Warner Bros. Discovery Stock Tanking?

Since being spun off from AT&T Inc. (NYSE: T), media company Warner Bros. Discovery (NASDAQ: WBD) has seen shares fall. An earnings report and a new strategy shift are sending shares down further Friday.

Benzinga

Read Needham's Take On Disney in Brief

Needham analyst Laura Martin reiterated a Hold rating on Walt Disney Company (NYSE:DIS) while raising her FY22 EPS view to $4.05 from $3.72 in a note titled "DIS's Parks have Superpowers." Martin added $1.66 billion to her forecast for Operating Income for the Parks segment for Q2, doubling estimates to $3.3 billion on better than…

Benzinga

Why Canada Goose Shares Are Gaining Today

Canada Goose Holdings Inc (NYSE:GOOS) (TSX:GOOS) reported fourth-quarter FY22 sales growth of 6.8% to C$223.1 million versus C$208.8 million last year. DTC revenue grew 8% Y/Y, and wholesale revenue increased 3.5%. Gross profit rose 11.2% Y/Y to C$154.1 million, with the margin expanding 270 basis points to 69.1%. The operating margin contracted 300…

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Benzinga

Is Trouble Ahead For Netflix's US Dominance? Another Streaming Rival Reports Q1 Gains

Shares of many streaming-related companies were dragged down after market leader Netflix Inc (NASDAQ: NFLX) reported April 19 a loss in quarterly subscribers for the first time in over 10 years.

Benzinga

Cannabis Company Kiaro Announces DTC Eligibility Approval

Kiaro Holdings Corp. (OTCPK:KIARF) (TSXV:KO) , a national omnichannel cannabis retailer and wholesale distributor, announced that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company in the United States.

ABC News

Zindzi Okenyo on racism in Australian theatre and honouring Saartjie Baartman in Seven Methods of Killing Kylie Jenner

Cultural appropriation and systemic racism has generations of young, black women doubting themselves – so did the performer and Play School host, until she decided to reclaim her power.

Benzinga

Xebra Stock Slightly Up On Receiving DTC Eligibility To Improve Liquidity And Access To U.S. Investors

Cannabis company Xebra Brands Ltd.'s (CSE:XBRA) (OTCQB: XBRAF) (FSE:9YC) common shares have been made eligible for book-entry and depository services of the Depository Trust Company to facilitate electronic clearing and settlement of transfers of its common shares in the United

Benzinga

Here's How Morgan Stanley Views Disney

Morgan Stanley analyst Benjamin Swinburne lowered the price target on The Walt Disney Co (NYSE:DIS) to $170 from $185 and reiterated an Overweight rating on the shares. The price target implies an upside of 19.34%. Swinburne lowered his long-term direct-to-consumer margin expectations following the reset of his Netflix Inc (NASDAQ:NFLX) expectations. Related Content: Here Are Two IT Stocks…

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