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Shawn Carter, known as Jay-Z, has taken to Twitter to defend his $56 million investment in the Tidal streaming music service. The company, which charges $9.99 or $19.99 per month for two different subscription packages, must compete with Spotify, Pandora, Rdio, and more established competitors - and Jay-Z thinks competitors could be engaged in a smear campaign.
Using the hashtag #TidalFacts, Carter was quick to point out that Tidal provides a better payment system for artists, and needs time to mature.
Jay-Z also described how Tidal pays musicians:
Tidal pays 75% royalty rate to ALL artists, writers and producers - not just the founding members on stage.- Mr. Carter (@S_C_) April 26, 2015
Federal regulators weren't happy about a Comcast acquisition of Time Warner Cable, but it looks like Charter Communications wants a second crack at TWC. Charter failed during its first attempt to take over TWC, which opened the door for Comcast to step in and try to acquire the company.
Since the first merger attempt, however, Charter's stock value has increased - and would be more lucrative to TWC - but TWC "also is open to deals with companies other than Charter."
It's unknown if Charter will try to surpass its original $37.3 billion offer for TWC, which was topped by Comcast offering $45 billion. It's possible the company, assuming no outsiders are interested, could try to lowball TWC into a merger.
Apple has reported its post-holiday quarter results, where we have seen the company pull in $58 billion in revenue, with a net profit of $13.6 billion. These numbers beat Wall Street expectations, with analysts begging Apple to report somewhere in between $52 billion and $55 billion in revenue.
During the same quarter of 2014, Apple made $45.6 billion in revenue with $10.2 billion in profits. So we can see a decent improvement year-over-year, with nearly an extra $13 billion in revenue and 30% increase in profits.
We know that Apple sold a huge 61.2 million iPhones during the quarter, which is the second highest number of iPhones sold in a single quarter to date. But, while iPhone sales continue to grow, iPad sales are dwindling. Apple sold just 12.6 million iPads during the three-month period, down from 16.4 million in the same quarter of 2014. Mac sales were also strong, with 4.6 million units being sold, up from the 4.1 million in the same quarter of last year.
Apple CEO Tim Cook said Best Buy will begin accepting Apple Pay mobile payments later this year, including as a payment method for apps.
This is a major victory for Apple, as Best Buy is a partner of the Merchant Customer Exchange (MCX), which is developing its own CurrentC mobile payment ecosystem. Best Buy reportedly has an exclusivity agreement signed with MCX, and that's why Apple Pay can't go live until the fall.
"We understand - and strongly support - our merchant partners' quest to do what's best for their customers," said Scott Rankin, COO at MCX, in a statement published by the New York Times. "As we have stated in [the] past, we are of the firm belief that there need to be at least 2-3 major players within the mobile payments ecosystem for it to succeed."
AOL and Yahoo will not merge together despite financial industry rumors, and the former ISP giant is focusing on developing niche business units. An AOL-Yahoo merger has been rumored for years, but investors from both companies said it's not worth the trouble of bringing up a possible merger until it's seriously brought to the table.
"We have to really make a decision whether we want to take a step back, and go back and think about doing something like [a merger], versus, do we focus on growth?" said Tim Armstrong, chairman and CEO of AOL, in a statement to CNBC.
Instead of worrying about a merger, AOL will seriously consider acquisitions that help its supply business, customer data, and video and automated ads. "You should assume we're going to do everything we possibly can to move those three things forward."
Last week, Comcast dropped its effort to take over Time Warner Cable, as antitrust regulators and business watchdog groups showed their displeasure with the takeover attempt.
"Today, we move on," said Brian Roberts, chairman and CEO of Comcast, following news of Comcast's decision to leave behind TWC. "Of course, we would have liked to bring our great products to new cities, but we structured this deal so that if the government didn't agree, we could walk away."
However, it looks like Charter Communications, the No. 4 largest cable company in the United States, is considering another effort to acquire TWC. Prior to Comcast's effort to purchase TWC last year for almost $159 per share, Charter offered $130 and $132 per share for TWC - which the company rejected.
It wasn't long ago that Uber was banned in Portland, but the US city has just unbanend the ridesharing company's operations, after months of talks between civic and community leaders.
Uber has now relaunched in Portland with a "safer and more reliable" version of its UberX in Rose City, with the new agreement seeing Uber drivers having to pass background and driving history checks. Their cars must also pass a vehicle safety inspection which needs to be done by a certified mechanic.
Each UberX fare will also feature a $1 Safe Rides Fee, which you can see in the table above.
As according to the latest press release, Logitech has reportedly exceeded its fiscal year 2015 expectations with a 28 percent growth in sales in the category of gaming, tablet and other accessories.
Logitech's GAAP operating income was rated at $141 million with its GAAP earnings per share equaling $0.81 compared to $0.46 last year. This massive growth marks its best earnings per share rating since the 2008 fiscal year.
When asked about future development plans, president and CEO Bracken Darrell stated "we will accelerate our transformation of Logitech into a simpler, faster, growing company. We will focus on our growing Retail Strategic business."
Warner Bros. has some seriously large tentpole movies coming out in the next five years, with movies like Batman v Superman: Dawn of Justice next year, followed by Suicide Squad, Godzilla 2 and many more.
The company has announced a new multi-picture agreement with IMAX Corporation that will see 30 films from Warner Bros. upcoming line up through 2020, as a continuation of the companies' continued partnership. Under this new agreement, "IMAX will be part of a number of high-profile tentpoles from Warner Bros. Pictures, including The Man from U.N.C.L.E., In the Heart of the Sea, Batman v Superman: Dawn of Justice, the Tarzan movie, the King Arthur movie, Suicide Squad, Geostorm, Fantastic Beasts and Where to Find Them, Jungle Book: Origins, and Godzilla 2. The deal also encompasses a number of upcoming DC tentpoles, as well as future LEGO movies, including The LEGO Movie Sequel", reports Cosmic Book News.
IMAX CEO Richard L. Gelfond has said: "We've had an incredible partnership with Warner Bros. for more than 10 years, which has helped IMAX filmgoers enjoy Warner movies around the world. We're excited and grateful to extend that partnership".
This is exciting news, especially with Warner Bros. upcoming movies like Batman v Superman: Dawn of Justice, Godzilla 2 and many more of DC's tentpoles splashing up onto IMAX's screens.
Tesla Motors has been enjoying some great sales of late, but Elon Musk nearly sold the electric vehicle maker to Google in early 2013. Musk was reportedly very close to securing a deal for Google to buy Tesla, at a time when Tesla wasn't selling too many cars.
The deal would've seen Musk maintain control of the company for eight years, or when Tesla's mainstream electric vehicle hit the road. The deal disintegrated because Tesla quickly became successful. Now, both Tesla Motors and Google have so far refused to comment on the rumor of Tesla being sold to Google.