Apple Becomes World’s Most Valuable Co. (After Saudi Aramco), Amazon CEO Jeff Bezos $7B Richer As Earnings Pump Stocks

Patrick Hipes Executive Managing EditorApple’s stock price is up almost five points in early morning trading Wednesday, eclipsing a benchmark that made it the first U.S. company to reach $2 trillion in market capitalization.

Todd Spangler NY Digital EditorMusic streaming on Twitch is booming — and now a group of artists is challenging owner Amazon to pay its fair share.In a letter Monday addressed to Amazon CEO Jeff Bezos, the nonprofit Artist Rights Alliance cited Bezos’ testimony during a House Antitrust Subcommittee hearing on July 29. The chief exec, who is the wealthiest person in the world, was asked by Rep.

coronavirus lockdown began, prompting artists and their labels to tackle Amazon over their music licensing policies.As the FT reports, the legal battle began in June when rights holders issued “takedown notices” against Twitch, with over 2500 claims being filed for the use of unlicensed music in the background of gaming streams and recording live streams.Since then, the Artists Rights Alliance has placed direct pressure on Bezos and will now send an open letter urging him to go beyond “the

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“Alexa, are we paying music royalties?"

straight to your inboxManchester United are closing in on their first signing of the summer transfer window as they near a deal for Jadon Sancho.Ole Gunnar Solskjaer was quick to identify Sancho as his No.1 target for the summer window and United are confident of acquiring his services this month.Borussia Dortmund have attempted to exert pressure on United by imposing their own deadline of August 10 for United to buy Sancho and demanding in excess of €100m, but their posturing has failed to

straight to your inboxManchester United have held on to their position as the Premier League’s most valuable team, and are the only English side to feature in the top 30 of the world’s top sports teams, according to Forbes.United sit tenth in Forbes’ list of the most valuable sports teams on the planet, with a valuation of £2.9billion.The business magazine’s latest compilation comes 10 years on from the club topping the list, five years after the Glazer family’s £790million takeover.NFL

Bloomberg’s Billionaires Index, as Facebook’s stock rocketed higher a day after the company reported Q2 revenue and earnings that topped Wall Street’s projections. The 36-year-old is now worth an estimated $96 billion.At the same time, Bezos was $6.3 billion wealthier by the end of Friday’s trading session as well, after Amazon’s share price increased 3.7% on the day.

Anthony D'Alessandro Editorial Director/Box Office EditorThe hope for NBCUniversal CEO Jeff Shell in the studio’s new unprecedented 17-day theatrical window collapse-PVOD deal with AMC Theatres is to make more money in the post theatrical windows which have waned in recent years.“Movies are our lifeblood,” said the NBCUniversal pro-PVOD exec, “Over the last couple of years, it’s become more increasingly difficult to generate the same returns over the first couple of windows.

James McClain Back in April, Jeff Bezos paid a record $165 million for David Geffen’s famed Jack Warner estate, the 10-acre compound that lies in Beverly Hills’ lower Benedict Canyon neighborhood.

Jill Goldsmith Co-Business EditorThe current throwdown between Amazon and HBO Max got pulled into a tech titan hearing on Capitol Hill Thursday.A member of a House subcommittee wondered why the Jeff Bezos company couldn’t rightfully be accused of a “structural conflict of interest” in negotiating terms as a video gatekeeper and a video competitor to the new streaming service.“I’m not familiar with the details of those negotiations. As you said, they’re underway right now.

MacKenzie Scott, ex of Jeff Bezos, just announced a donation of nearly this much money to charity… – TMZ JoJo Siwa is now taken! – Just Jared Jr Ask permission before using their songs… – DListed This “Karen” is going viral for shouting slurs.

Janette Manrara has shared one of her biggest dreams for life after the coronavirus pandemic – and fans instantly related.