Andreessen Horowitz Backs Adam Neumann's Real-Estate Startup

Venture-capital firm Andreessen Horowitz is investing in Flow, a real-estate startup led by former WeWork executive and co-founder Adam Neumann. The firm, known as a16z, is investing $350 million in Flow at a valuation above $1 billion, said a person familiar with the matter, making it one of the largest-ever investments for an early-stage startup. …

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Nexstar to Buy Majority Control of CW Network

Updated Aug. 15, 2022 1:38 pm ET Listen to article (2 minutes) Nexstar Media Group Inc. agreed to buy majority control of the CW Network and said it would overhaul the programming of the youth-centric broadcast network to cater to an older audience. Under the terms of the deal, which was announced Monday, Nexstar will …

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Streaming Services See More Disloyal Subscribers

Updated Aug. 15, 2022 10:20 am ET Listen to article (2 minutes) Kate Bigel is the kind of customer who is frustrating streaming-video companies. She and her husband regularly rotate through the big streaming services, canceling one and signing up for another depending on which is carrying the shows they want at a given time. …

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Unity Board Opposes AppLovin Buyout Offer

Listen to article (2 minutes) Unity Software board has unanimously agreed that the $17.5 billion buyout offer from AppLovin isn’t in the best interests of shareholders. Unity on Monday recommended shareholders vote against the AppLovin deal and instead vote in favor of Unity’s planned deal to buy ironSource Ltd. for $4.4 billion, a merger that …

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Winemakers in Southern Europe Grapple With Extreme Weather

Lucio Salamini has witnessed the weather patterns around his family’s vineyard in northern Italy change dramatically over the past 30 years. But he says he has never seen anything like this summer before. After scorching hot days, the heat doesn’t let up at night, causing stress on his vines. And almost every month this year …

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Movie Theaters Plot Revival as Americans Show Up for Blockbusters

Listen to article (1 minute) America’s movie theaters are enjoying a happy plot twist for a change. The summer movie season is wrapping up with several blockbusters. Studio executives are signaling a commitment to the big screen. And the ravaged landscape of closed theater chains that many predicted two years ago hasn’t come to fruition. …

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Consumers Are Still Spending on Fun

Listen to article (2 minutes) Americans are splurging on summer travel and entertainment, putting their money toward experiences outside of the homes where they spent the early years of the pandemic. This week a range of businesses that cater to leisure time reported strong results. Hotel chains said tourists are shelling out top dollar for …

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YouTube Advances Plans for Streaming Video Marketplace

YouTube is planning to launch an online store for streaming video services and has renewed talks with entertainment companies about participating in the platform, according to people close to the recent discussions. The company hopes the new platform, which it is referring to internally as a “channel store” and which has been in the works …

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