Chinese entertainment giant Wanda Group is reportedly in the mood for shopping, and it now has its eye on Dick Clark Productions, a company that owns far more than ABC’s New Year’s Eve programming. The transaction would give Wanda and its billionaire owner control of programs like the American Music Awards, Academy of Country Music Awards, the Golden Globe Awards, and the Miss America pageant. [More]
The terms and conditions for short-term, high-cost loans can often be confusing, making it difficult to decipher just how much a borrower will spend to repay an initial loan. That was apparently the case for TMX Finance, the company behind TitleMax, as federal regulators fined the company $9 million for allegedly luring consumers into costly loan renewals by presenting them with misleading information about monthly plans. [More]
Kill them with kindness, that appears to be the motto for a video game company after it found links to some of its games posted for free on Reddit. [More]
The Federal Communications Commission has been stewing over a proposal that would shake up the cable set-top box market for months. They’ve got a vote on the final proposal coming up this week, but in the face of partisan bickering and opposition from the cable industry, the matter has become controversial. So today, a whole passel of folks called on the FCC to approve the measure ASAP, for consumers’ sake.
Backlash is growing against a proposal by the National Park Service that would allow some corporate logos and signage within park boundaries, with the majority of folks who weighed in on the idea during a public commenting period saying they’re against it. [More]
Last week, when Mylan CEO Heather Bresch told a congressional panel that her company only makes $50 profit per EpiPen — the emergency allergy treatment that has risen in price by 600% in recent years — lawmakers found that hard to believe. And now that Mylan has revised that profit figure to $80 per EpiPen, the company’s critics are only getting louder. [More]
In case you hadn’t noticed, Americans watch TV a bit differently today than they did 50 years ago. But just even though many people aren’t sitting down to view programs live as they air — or even soon after on a DVR — they’re still getting their fill of TV content. [More]
It used to be that a warehouse club membership was a necessity for suburban families: depending on where they lived, they might belong to BJ’s, Costco, or Sam’s Club, or some combination of the three. Yet while warehouse club membership has stayed pretty steady over the last few years, membership in Amazon Prime has increased instead. [More]
It may seem like the golden age of cable and the age of internet TV is upon us, but when you get right down to it, a whole lot of households still subscribe to monthly pay-TV. That said, the latest edition of an annual survey does indeed find that both cable prices and cord-cutting are on the rise — a completely coincidental pair of facts, we’re sure. [More]
For years we’ve talked about “showrooming” — the practice of going to a bricks-and-mortar retailer just to look at a product you intend to buy online, and now Amazon has apparently supplanted traditional search engines as the place for most Americans to begin their product hunt.
When you pay with a credit card, you’d probably like to know if you could save money by using one type of card over another. However, stores that accept American Express are barred from steering customers toward less-expensive cards. Last year, a federal court ruled that AmEx’s policy violates antitrust laws, but today a federal appeals court overruled that decision. [More]
Last week, when the CEO of drugmaker Mylan was testifying before Congress, Rep. Jason Chafee of Utah spoke for the American people when he wondered whether the company actually earns only $52 profit per pen when the retail list price is $608 each. The company has now clarified its answer: that $104 per two-pack figure is Mylan’s profit after taxes. Before taxes, the profit is $88 per pen, or $166 per two-pack. [More]
It’s not every day that you get a package out of the blue from someone you’ve never met, containing an expensive (looking) watch. So when that exact situation happened to a California woman recently, she had a sneaking suspicion that something was fishy — and she was right. [More]
The Walt Disney Co., the well-known operator of theme parks, movie production studios, and cable television networks could soon be a huge player in social media — at least according to reports claiming that Big Mouse is working on a bid for Twitter. [More]
A Verizon Wireless employee has pleaded guilty to violating federal law by selling customer phone records and location data to a private investigator, starting at a measly $50 a month. [More]
No good deed goes unrewarded, or so they say, and if you’re lucky, that reward might just come in the form of free pizza. For a year. [More]