Author

admin

Browsing

Syntheia Corp. (‘Syntheia’ or the ‘Company’) (Syntheia.ai), CSE SYAI, a Canadian leader in conversational AI, is pleased to announce that the Company’s leadership team rang the bell to open the market in collaboration with the Canadian Securities Exchange to celebrate its successful listing under the symbol ‘SYAI’.

We look forward to great success through our partnership with the CSE as we commercially launch our conversational AI to the market. On behalf of the Company, I would like to thank everyone who has made this milestone happen, ‘ commented Tony Di Benedetto, Chief Executive Officer at Syntheia.

The opening bell ceremony can be viewed on CSE TV here .

For more information, visit Syntheia.ai

About Syntheia

Syntheia is an artificial intelligence technology company which is developing and commercializing proprietary algorithms to deliver human-like conversations. Our SaaS platform offers conversational AI solutions for both enterprise and small-medium business customers globally

Cautionary Statement

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release contains certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘may’, ‘will’, ‘would’, ‘potential’, ‘proposed’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Forward-looking statements in this news release include, but are not limited to the expected launch of Syntheia’s platform. Readers are cautioned that forward‐looking information is not based on historical facts but instead reflects the Company’s management’s expectations, estimates or projections concerning the business of the Company’s future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made.

Although the Company believes that the expectations reflected in such forward‐looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements. Please refer to the Company’s listing statement available on SEDAR+ for a list of risks and key factors that could cause actual results to differ materially from those projected in the forward‐looking information. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward‐looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.

Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

The securities of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241120927927/en/

Tony Di Benedetto
Chief Executive Officer
Tel: (844) 796-8434

News Provided by Business Wire via QuoteMedia

This post appeared first on investingnews.com

NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) (‘NorthStar’ or the ‘Company’) announces that on December 3rd at 11am ET, the Company’s CEO, Michael Moskowitz, will be presenting the Company’s third quarter earnings results and an update on current operations and upcoming milestones. The Company expects to announce its third quarter 2024 financial results on November 27, 2024. NorthStar invites all investors and other interested parties to register for the webinar at the link below.

Date: Tuesday, December 3rd, 2024
Time: 11am ET
Register: Webinar Registration

HAVE QUESTIONS? Management will be available to answer your questions following the presentation on the webinar platform. You may submit your question(s) beforehand in the registration form linked above.

About NorthStar Gaming Holdings Inc.

NorthStar proudly owns and operates NorthStar Bets, a Canadian-born casino and sportsbook platform that delivers a premium, distinctly local gaming experience. Designed with high-stakes players in mind, NorthStar Bets Casino offers a curated selection of the most popular games, ensuring an elevated user experience. Our sportsbook stands out with its exclusive Sports Insights feature, seamlessly integrating betting guidance, stats, and scores, all tailored to meet the expectations of a premium audience.

As a Canadian company, NorthStar is uniquely positioned to cater to customers who seek a high-quality product and an exceptional level of personalized service, setting a new standard in the industry. NorthStar is committed to operating at the highest level of responsible gaming standards.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Cautionary Note Regarding Forward-Looking Information and Statements

This communication contains ‘forward-looking information’ within the meaning of applicable securities laws in Canada (‘forward-looking statements’), including without limitation, statements with respect to the following: expected performance of the Company’s business, expected benefits of the introduction of product innovations, and player engagement levels. The foregoing are provided for the purpose of presenting information about management’s current expectations and plans relating to the future and allowing investors and others to get a better understanding of the Company’s anticipated financial position, results of operations, and operating environment. Often, but not always, forward-looking statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘continues’, ‘forecasts’, ‘projects’, ‘predicts’, ‘intends’, ‘anticipates’ or ‘believes’, or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘should’, ‘might’ or ‘will’ be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. This forward-looking information is based on management’s opinions, estimates and assumptions that, while considered by NorthStar to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such forward- looking information. Such factors include, among others, the following: risks related to the Company’s business and financial position; risks associated with general economic conditions; adverse industry risks; future legislative and regulatory developments; the ability of the Company to implement its business strategies; and those factors discussed in greater detail under the ‘Risk Factors’ section of the Company’s most recent annual information form, which is available under NorthStar’s profile on SEDAR+ at www.sedarplus.com. Many of these risks are beyond the Company’s control.

If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other risk factors not presently known to the Company or that the Company presently believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents NorthStar’s expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

For further information:

Company Contact:
Corey Goodman
Chief Development Officer
647-530-2387
investorrelations@northstargaming.ca

Investor Relations:
RB Milestone Group LLC (RBMG)
Northstar@rbmilestone.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230815

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Sarama Resources Ltd. (“Sarama” or the “Company”) (ASX:SRR, TSXV:SWA) is pleased to announce it has received binding commitments to undertake a A$2 million (before costs) equity placement (the “Placement”).

Funds raised will be used to undertake exploration activities, general administration and for general working capital purposes. The Placement was well supported by existing shareholders and professional and sophisticated investors.

The Placement will comprise the issue of up to 66,666,666 Chess Depository Interests (“CDIs”) at an issue price of A$0.03 per CDI to raise gross proceeds of up to A$2 million. The issue price represents a ~15% discount to Sarama’s 10-day VWAP and a 21% discount to the last traded CDI price on the Australian Securities Exchange (“ASX”) on Monday, 18 November 2024 of A$0.038 and a ~24% discount to Sarama’s 10-day VWAP and a 7% discount to the last traded share price on the TSX Venture Exchange (“TSXV”) on Friday, 15 November 2024 of C$0.03. Each new CDI issued under the Placement will rank equally with existing CDIs on issue and each CDI will represent a beneficial interest in 1 common share of the Company. The Placement CDIs will be issued pursuant to the shareholder approval obtained at the annual general meeting.

Subject to the receipt of shareholder approval, Sarama will issue 1 free attaching unlisted option (“Placement Option”) for every 4 new CDIs issued pursuant to the Placement. Each Placement Option will be exercisable at A$0.09 and will expire on 30 November 2028.

Australian resources brokers, Ventnor Securities Pty Ltd and RM Capital will act as Advisor and Lead Manager for the Placement and will receive up to 14,000,000 broker options, depending on quantum of funds raised, (“Broker Options”) at an exercise price of A$0.09 each and expiring on 30 November 2028. Ventnor Securities Pty Ltd will also receive a capital raising fee of 6% of funds raised. The issue of the Broker Options is subject to shareholder approval.

The Placement is comprised of two tranches:

  • Tranche 1 consists of 66,666,666 new CDIs which will be issued pursuant to the approval granted by shareholders at the annual general meeting held on 11 September 2024. The Company expects to complete allotment of the new CDIs under Tranche 1 by 27 November 2024.
  • Tranche 2 consists of up to 16,666,666 Placement Options and up to 14,000,000 Broker Options which are subject to shareholder approval at a special meeting of shareholders anticipated to be held in late January 2025 (“Special Meeting”). No funds will be received from Tranche 2.

The Placement remains subject to the approval of the TSXV.

Members of Sarama’s Board and Management do not intend to subscribe for any CDIs in the Placement, however concurrent with the Placement the Company’s executives and non-executive directors have agreed to receive a portion of their deferred salaries and director fees, in an aggregate amount of A$393,981.18 in common shares or CDIs of the Company.

In September 2023, the Company’s executives and non-executive directors agreed to suspend the payment of salaries and fees to ensure the Company had sufficient financial resources to work through the period of uncertainty created by the illegal withdrawal of the Company’s rights to the Tankoro 2 exploration permit in August 2023.

The Company intends to issue shares (CDIs) and warrants (options) on the same terms as the Placement in part settlement of deferred executive salaries and director fees, subject to the ASX Listing Rules and the prior approval of the TSXV.

Click here for the full ASX Release

This post appeared first on investingnews.com

Tin has a long history as a key metal in global economic growth.

Alloyed with copper to make bronze, tin is recognized as one of the seven metals of antiquity. Today, the critical meta is ubiquitous in advanced technologies such as electric vehicles, smartphones, Internet of Things (IoT) devices, and artificial intelligence chips.

In this article

    What is tin?

    Tin is a silvery-white metal that is mainly found in the mineral cassiterite contained in alluvial deposits. Tin’s symbol on the periodic table of elements is Sn.

    The metal can be isolated by reduction methods, which involve the removal of the oxygen molecules, with coal or coke in a smelting furnace. The result is a malleable and ductile metal that is not easily oxidized in air. It’s also lightweight, durable and fairly resistant to corrosion.

    What is tin used for?

    Tin’s positive characteristics mean it has a slew of important uses. Tin is primarily used to coat other metals due to its ability to retain a high polish and prevent corrosion. Tin is also an alloy metal used in soldering and the production of rare earths superconducting magnets.

    Today the electronics industry is the sector to watch for investors who are keeping an eye on tin. The metal is used in semiconductor circuit-board soldering, an application that accounts for about half of global tin consumption. As electronics become more advanced, they require more semiconductor chips, and hence, more tin. AI chips are especially complex and represent an emerging source of increased demand for the metal.

    ‘The development of AI equipment requires the use of specialized semiconductor chips — graphic processing units (GPUs) — which use tin as both a solder and as anti-corrosion protection within circuit boards,’ according to Fastmarkets.

    Tin supply and demand trends

    The tin market has been in deficit for the past decade, and supply is expected to remain constrained as demand rises. This overhang alongside surging electronics demand has supported tin prices in recent years.

    In addition, signs of rebounding Chinese demand and the need for tin’s soldering properties in infrastructure and AI chips are prompting bullish sentiment for the metal.

    In 2024’s second quarter, these factors helped the tin price hit a two year high when it moved above US$35,000 per metric ton (MT).

    Those interested in tin investing should pay attention to tin inventory changes on the London Metal Exchange (LME), as this offers insight on tin market developments. As the bullish story for tin developed at the start of 2024, speculative buying increased on the LME. This resulted in headline tin stock levels on the exchange dropping by 46 percent between the beginning of 2024 and mid-April, coinciding with the two year price high for the metal.

    Of course, supply is also a big factor, and keeping an eye on supply disruptions out of important tin-producing jurisdictions is also key. Tin supply constraints from delays in export licensing in Indonesia and mining disruptions at Myanmar’s Man Maw mine contributed to the high prices seen earlier this year.

    Indonesia and Myanmar are two of the biggest tin-producing countries, with output of 52,000 MT and 54,000 MT respectively. The only country with higher output in 2023 was China, the world’s top tin-producing country with output of 68,000 metric tons. Peru and the Democratic Republic of Congo (DRC) rounded out the top five with 23,000 MT and 19,000 MT, respectively.

    Unsurprisingly, the world’s top tin-producing companies can be found in these countries. China’s Yunnan Tin (SZSE:000960), Peru-based private company Minsur, Indonesia’s PT Timah (IDX:TINS) and Malaysia’s Malaysia Smelting (SGX:NPW) are a few of the largest producers.

    Another factor impacting supply is escalating violence in the DRC. Like tungsten, tantalum and gold, tin is a conflict mineral, and armed groups in the DRC earn hundreds of millions of dollars every year by trading these minerals.

    Currently, the Dodd-Frank Act in the US requires public companies that source minerals from the DRC to produce independently audited reports about the ownership and origin of these mined commodities. these documents must be provided to the US Securities and Exchange Commission.

    How to invest in tin?

    As mentioned, investing in tin is becoming more and more appealing as demand for the metal grows. Tin investing can be done by buying shares of tin-focused companies and tin exchange-traded funds (ETFs) as well by taking positions in tin futures.

    Tin stocks

    Alphamin Resources (TSXV:AFM,OTC Pink:AFMJF).
    Alphamin Resources is a low-cost tin concentrate producer that has rapidly ramped up its production capacity. It operates the Bisie tin complex in the DRC, which includes the high-grade Mpama North tin mine and the newly operational Mpama South underground tin mine and concentrate plant. This tin stock also pays a dividend to shareholders twice per year.

    Cornish Metals (TSXV:CUSN,LSE:CUSN)
    UK-based Cornish Metals’ flagship asset is the advanced-stage South Crofty tin project in Southwest England. It has existing mine infrastructure in place, as well as an active mine permit. An April 2024 preliminary economic assessment (PEA) for South Crofty shows a base case after-tax net present value of US$201 million and an internal rate of return of 29.8 percent.

    Elementos ( ASX:ELT)
    Elementos owns two tin projects: the Cleveland tin project in Tasmania, Australia, and the Oropesa project in Spain. The company is on track to complete a definitive feasibility study for Oropesa by Q1 2025 and is aiming to bring the project into commercial production by Q4 2027.

    Eloro Resources ( TSX:ELO,OTCQX:ELRRF)
    Eloro Resources has a portfolio of gold and base-metal properties in Bolivia, Peru and Canada. The company’s main focus is the Iska Iska project, a notable silver-tin polymetallic porphyry-epithermal complex in Southern Bolivia’s tin belt. The company is currently working on a PEA for the project, and has the option to acquire a 100 percent interest in it.

    Metals X (ASX:MLX,OTC Pink:MLXEF)
    Metals X has a 50 percent stake in Renison, Australia’s largest tin-producing mine. Located in Tasmania, the mine produced 9,532 MT of tin in 2023. The company also holds a 22.45 percent in LSE-listed First Tin’s (LSE:1SN) Taronga tin project in Australia.

    Stellar Resources (ASX:SRZ)
    Stellar Resources is developing its high-grade Heemskirk tin project in Western Tasmania. The company plans to power the project via renewable energy sources, including hydro and wind. A 2019 scoping study for Heemskirk highlights a 350,000 MT per annum underground mine and an on-site processing plant.

    Tincorp Metals (TSXV:TINUS,OTCQX:TINFF)
    Tincorp Metals has a portfolio of exploration-stage projects in Bolivia and Canada. The company has two tin-focused projects in Bolivia’s tin belt: the SF Tin project and the Porvenir project. Both properties also host zinc and silver mineralization.

    Tinka Resources (TSXV:TK,OTCQB:TKRFF)
    Tinka Resources’ flagship property is its 100 percent owned Ayawilca zinc-silver-tin project in Central Peru. The project’s Tin Zone has an estimated indicated mineral resource of 1.4 million MT grading 0.72 percent tin and an inferred mineral resource of 12.7 million MT grading 0.76 percent tin. The company released an updated PEA for the project in February 2024.

    Tin futures

    Those wishing to begin tin investing may want to consider tin futures, a derivative instrument tied directly to the price of the actual metal, are another option for those interested in aluminum investing. Futures are a financial contract between an investor and a seller. The investor agrees to purchase an asset from the seller at an agreed-upon price based on a date set in the future.

    Rather than intending to take possession of the material asset, investors speculating in the futures market are instead making bets on whether the price of a particular commodity will rise or fall in the near future.

    For example, if you buy a tin futures contract believing the price of metal is set to rise, and your prediction proves correct, you could gain a return on your investment by selling the now more valuable futures contract before it expires. However, be advised that trading futures contracts is not for the novice investor.

    Traded under the code SN, an LME Tin futures contract is for 5 metric tons with contract pricing in US dollars per MT. Clearable currencies include the US dollar, yen, pound and euro.

    Tin ETFs

    There is only one tin-focused ETF available on Western exchanges, the WisdomTree Tin (LSE:TINM) ETF. Listed on the LSE, the WisdomTree Tin fund is an exchange-traded commodity designed to give investors total return exposure to tin futures. The fund tracks the Bloomberg Tin Subindex plus a collateral return.

    Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com

    Nvidia as poised to become the first $4 trillion company, driven by its AI dominance. As the AI chipmaker prepares to report fiscal Q3 earnings, expectations are high for another standout performance. Analysts anticipate a $2 billion revenue beat and robust forward guidance, which could further solidify investor confidence.

    Wedbush highlights Nvidia’s leadership in AI capital expenditures, forecasting over $1 trillion in spending tied to its GPUs, which they describe as “the new oil and gold.” The company’s Blackwell chips are expected to play a pivotal role, with demand and production momentum signaling strong growth potential. CEO Jensen Huang’s commentary during the earnings call is likely to underscore this bullish outlook.

    The broader market context also supports Nvidia’s trajectory. Recent AI-related results from Microsoft, Amazon, and Google demonstrate robust cloud demand, reinforcing the case for sustained AI investment. Analysts point to a favorable macroeconomic backdrop, including a potential Federal Reserve rate-cutting cycle and easing regulatory pressures, as factors that could further boost tech stocks.

    Wedbush’s projection extends into 2025, with Nvidia positioned at the forefront of the AI revolution. They believe the market continues to underestimate the demand curve for AI-driven technologies, underscoring Nvidia’s path toward its unprecedented valuation goal.

    Nvidia Stock Chart Analysis

    Chip stocks are down 3% since the election. Meanwhile, the S&P 500 is up by about the same measure.

    Nvidia has roared back strong since its July slump, rising 45% from the major August low. The chip stock — up nearly 200% this year and up over 1100% in the last two years — hit record highs following the election.

    But many of Nvidia’s peers, especially smaller ones, have become a net drag on the industry and US stocks writ large since the start of the second half of the year.

    Shares in chipmaker Nvidia were flat in pre-market trading ahead of the release of its highly anticipated third-quarter earnings after the bell on Wednesday.

    Nvidia has become a bellwether for gauging the strength of the global push in AI, with demand for its chips as an enabler of this trend continuing to drive the company’s shares higher. The stock is up 197% year-to-date, with Nvidia recently overtaking Apple to become the world’s most valuable company, at a market capitalisation of $3.6tn (£2.8tn).

    The post Nvidia hit a $4 trillion market valuation appeared first on FinanceBrokerage.

    Apple (NASDAQ) has proposed a $100 million investment in Indonesia to establish a manufacturing plant for accessories and components, according to the country’s industry ministry. The move follows a ban on sales of Apple’s iPhone 16 due to the company’s failure to meet Indonesia’s local content requirement, which mandates that 40% of smartphone components sold domestically be locally produced.

    The proposed facility in West Java signals Apple’s intent to align with the regulation and regain market access in Southeast Asia’s largest economy. The industry minister’s forthcoming meeting on Thursday underscores the government’s openness to Apple’s commitment.

    Apple’s existing footprint in Indonesia includes application developer academies established since 2018, with investments totaling approximately 1.6 trillion rupiah ($99 million). This latest proposal would mark Apple’s first manufacturing presence in the country, showcasing its willingness to deepen its ties with local industries.

    The ban is not exclusive to Apple; Alphabet (NASDAQ) has faced similar restrictions for non-compliance with the same regulation. These challenges highlight the increasing push by Indonesia to boost its domestic manufacturing capabilities and reduce reliance on imports.

    Apple’s response to these regulatory hurdles could set a precedent for other global tech firms aiming to operate in the region, balancing compliance with local laws and maintaining competitive advantages in emerging markets.

    Apple Share Stock Chart

    Apple (AAPL 0.11%) remains a dominant force, with a market cap hovering around $3.4 trillion after peaking at $3.6 trillion. For the tech giant to hit a $4 trillion valuation, its stock would need an 18% gain—potentially achievable given its 17% rise this year and steady financial performance.

    In Q4 FY2024, Apple reported $95 billion in revenue, a 6% year-over-year increase, with Wall Street projecting mid-single-digit growth moving forward. Earnings per share are expected to rise modestly, although the impact of Apple Intelligence on future results remains uncertain.

    Valuation, however, raises questions. Trading at 37 times trailing 12-month earnings—above its five-year average of 29—Apple stock may be overvalued, creating near-term risks. While the company’s dominance justifies a premium, its elevated valuation and recent pullbacks could signal caution for investors. Despite this, Apple’s steady growth trajectory keeps its $4 trillion milestone within reach.

    The post Apple Shares: $100M Investment Proposal appeared first on FinanceBrokerage.

    It’s certainly eye-catching: A group of multiracial, gender-bending models emerge from an elevator in cutting-edge makeup and bright-colored clothing to a techno-industrial beat into an austere, prismatic landscape.

    But one thing is missing from the storied British carmaker Jaguar’s new rebrand: cars.

    The spot has drawn some reactions online that range from puzzled to dismayed, with several commentators comparing the potential fallout to Bud Light’s use of a trans influencer in straying far afield from its core demographic.

    One communications professional on X called the advertisement ‘disastrous’ for being overly focused on branding and not on the product itself.

    ‘Jaguar should be saying … some version of ‘our cars are engineered to the gills and go very very fast,” wrote Lulu Cheng Meservey, co-founder of Rostra PR group. ‘Art school grads simply aren’t associated with elite engineering ability, I’m sorry.’

    In a press release accompanying its rebrand, Jaguar’s chief creative officer, Sir Gerry McGovern, explained the thinking behind the rollout.

    ‘New Jaguar is a brand built around exuberant modernism,’ he said. ‘It is imaginative, bold and artistic at every touchpoint. It is unique and fearless.’

    Jaguar sold fewer than 67,000 cars in the entire world last year, approximately half the number it sold in the fiscal year incorporating the beginning of the Covid-19 pandemic. Today there are just 122 Jaguar dealerships in the U.S., down from a peak of around 200, according to Car and Driver magazine.

    The revamp is designed to turn things around, in part by introducing new emblems that will be featured on future Jaguar vehicles.

    In the lead-up to the campaign’s debut, Jaguar announced it was discontinuing five models with “close to zero profitability,” CEO Adrian Mardell told investors this year, as it developed three new ultra-luxury electric vehicles, one of which is set to be unveiled at Miami’s Art Basel event next month.

    In response to other X users asking why the ad didn’t feature any cars, Jaguar’s X account responded, “The story is unfolding. Stay tuned,” and “Think of this as a declaration of intent.”

    A spokesperson for Jaguar Land Rover, today a unit of India-based Tata Motors, did not respond to a request for comment.

    ‘To bring back such a globally renowned brand we had to be fearless,’ Rawdon Glober, Jaguar’s managing director, said in the release. ‘Jaguar was always at its best when challenging convention. That ethos is seen in our new brand identity today and will be further revealed over the coming months. This is a complete reset. Jaguar is transformed to reclaim its originality and inspire a new generation. I am excited for the world to finally see Jaguar.’

    This post appeared first on NBC NEWS

    Friday’s anticipated boxing match between former heavyweight champion Mike Tyson and YouTuber-turned-boxer Jake Paul will be remembered for more than its unique card.

    The bout shown on Netflix was the most streamed global sporting event ever with 65 million live concurrent streams and 108 million total live viewers around the world, according to a Netflix release. The Amanda Serrano and Katie Taylor fight before the Tyson-Paul match averaged 74 million live global viewers, the most watched professional women’s sporting event ever in the U.S. with 47 million viewers, the company said.

    The event notched several other wins, including being the biggest boxing gate in history outside of Nevada.

    Both Tyson and Paul made 10-figure paydays, according to Most Valuable Promotions co-founder Nakisa Bidarian, whose company promoted the fight. Serrano and Taylor received record pay for women’s boxing, he said.

    This event was crucial for Netflix as it prepares for its Christmas Day stream of NFL games — its first time showing the most popular sport in the U.S. live. Viewers complained of buffering issues, but Chief Content Officer Bela Bajaria said she is not concerned about the company’s ability to stream the NFL games.

    Netflix is not the first streamer to wade into live sports. Amazon has carried Thursday Night Football games since 2022, and NBCUniversal’s Peacock streamed an NFL playoff game last season.

    This post appeared first on NBC NEWS

    Comcast announced a plan Wednesday to spin off most of its cable television networks into a separate publicly traded company.

    The new company will include the USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and the Golf Channel. Comcast will retain key NBCUniversal assets, including the NBC broadcast network, NBC News, NBC Sports, the streaming service Peacock and the cable channel Bravo.

    “The transaction will be structured as a tax-free spin to existing shareholders,” Comcast President Mike Cavanagh said in an internal memo. “While we don’t have a precise timetable for completing the transition, we are estimating that it will take approximately a year.”

    Comcast owns NBCUniversal, the parent company of NBC News.

    The move comes as the traditional cable television bundle faces stiff economic headwinds, most notably the rise of cord-cutting and the shift to streaming alternatives. Comcast’s cable portfolio still contributes to its financial bottom line and helps expand its cultural footprint.

    “The well-capitalized, independent company will be positioned to lead in the changing landscape for cable networks given the strength of its portfolio and the quality and focus of its management team,” Cavanagh said. 

    The new company, known for the time being as SpinCo, “will have significant cash flow, a strong balance sheet, and the financial flexibility to pursue growth opportunities, both organically and potentially through acquisitions,” Cavanagh added.

    Cavanagh said the new company will be led by Mark Lazarus, chairman of NBCUniversal’s media group. Anand Kini, NBCUniversal’s chief financial officer, will serve as the CFO and chief operating officer.

    The plan was first reported by The Wall Street Journal and then confirmed to NBC News on Tuesday by two people familiar with the matter.

    The new business structure is notable partly because it would separate MSNBC and CNBC from the central newsgathering operations of NBC News. It was not immediately clear whether the cable news channels and the network’s core news division would continue to share editorial resources.

    Dan Ives, a managing director and senior equity research analyst covering the technology sector at Wedbush Securities, said in an email that the spinoff move is appealing to investors. Comcast’s stock price rose by about 0.5% in premarket trading Wednesday.

    “The Street wanted to see this move and we believe it will be a smart strategic move for both Comcast and the new spinoff with golden jewel cable assets like CNBC and MSNBC,” he said. “The cord cutting dynamic is a headwind but we see brighter days ahead as cable defines a new monetization and streaming path with subscriptions and content to build on its strong advertising base looking forward.”

    Rich Greenfield, a media and technology analyst who often criticizes media companies for what he views as a belated reaction to cord-cutting, framed the move in blunt terms in an appearance on CNBC: “This is sort of a very clear, direct statement by Comcast.”

    “They are exiting the cable network business,” said Greenfield, a co-founder of research firm LightShed Partners. “This is them saying we don’t want to be in this business. This is no longer a growth business. It’s going to be around for a long time, but it’s just no longer a growth business.”

    Cavanagh on Wednesday also announced a reorganized leadership team for NBCUniversal.

    Cesar Conde will continue leading the NBCUniversal News Group as chairman. The division includes NBC News, the NBC News Now streaming product, Telemundo and the company’s owned-and-operated local stations. Cavanagh added Conde “will work closely with me on other growth opportunities for NBCUniversal.”

    Donna Langley will become chair of NBCUniversal Entertainment & Studios, a role that will give her broad oversight over all entertainment programming and marketing across NBC, Peacock and Bravo, as well as the company’s film and television studios.

    Matt Strauss will become chairman of the NBCUniversal Media Group. Mark Woodbury will continue in his role as chairman and chief executive officer of Universal Destinations & Experiences, the unit that runs the theme parks and global consumer products business.

    Comcast agreed to buy a majority stake in NBCUniversal from General Electric in 2009, combining one of the country’s largest operators of cable TV with the sizable NBC media and entertainment operation. The cable channels were seen as a particularly lucrative acquisition.

    Since then, the rise of streaming entertainment has eaten into the cable television business, leading to waves of consumers canceling their cable subscriptions in favor of platforms such as Netflix and Amazon Prime Video.

    In this environment, many cable channels are still profitable businesses, with some continuing to generate strong cash flows for their corporate owners. But the media industry writ large considers the cable marketplace to be in decline.

    Comcast, like other leading media conglomerates, has invested heavily in streaming. Peacock, home to a large library of NBCUniversal content and programming licensed from other studios, added 3 million subscribers during the third fiscal quarter, according to the company’s most recent earnings report. Comcast lost 365,000 cable customers during that period.

    This post appeared first on NBC NEWS

    The Disney fleet is expanding.

    Next month, the Disney Treasure cruise ship will make its maiden voyage from Port Canaveral, Florida, to the Caribbean, officially becoming the sixth ship in the company’s lineup.

    The Treasure, which is 221 feet tall and 1,119 feet long, can carry 4,000 passengers and 1,555 crew members. Like Disney’s other cruise ships, the Treasure features themed dining, curated lounges and premium on-board live entertainment.

    As the Treasure sets sail, Disney, too, is embarking on its own journey. The company, which hadn’t launched a new ship in a decade prior to the Disney Wish’s debut in mid-2022, is entering an era of rapid expansion.

    Disney’s fleet will double by 2031, with two ships arriving in 2025 — the Disney Destiny and the Disney Adventure — followed by four additional Disney-branded vessels and a partnership with Oriental Land Company to bring Disney’s cruise vacations to Japan.

    “Disney Cruise Line is going through an unprecedented period of growth,” said Thomas Mazloum, president of Disney’s new experiences portfolio and Disney signature experiences. “The demand that we’re seeing right now for Disney Cruise Line is very strong. We’re a premium brand, occupancy is high, and frankly, the business is doing really, really well.”

    Disney cruises are part of the company’s experiences division, alongside parks, resorts and consumer products. According to the company’s earnings report on Thursday, the division posted record revenue and profit for fiscal 2024, with revenue up 5% for the full year to $34.15 billion and operating income up 4% to $9.27 billion.

    The Disney Treasure cruise ship.Disney

    The experiences segment was the second-highest revenue driver for Disney last year behind its entertainment division, which tallied $41.18 billion in fiscal 2024. However, the entertainment segment’s operating profits were smaller, just $3.92 billion.

    Full-year revenue growth in experiences was the strongest of any Disney division, and the company expects to see 6% to 8% profit growth for experiences in fiscal 2025.

    Disney has become a leader in the family cruising space, despite its relatively small number of ships. For comparison, the three largest cruise lines are Carnival, with more than 100 vessels, Royal Caribbean, with more than 40, and Norwegian Cruise Line, with around 30.

    Disney is considered slightly more expensive than Carnival and Royal Caribbean for base pricing, but if guests choose to upgrade to larger cabins or add food packages or experiences to their itineraries, the prices are quite similar.

    Disney’s Treasure offers seven-night cruises starting at $4,277 for two guests and $6,994 for a family of four. These prices increase if travelers select cruises tied to Halloween or Christmas.

    What sets Disney apart is its innovations in cruising and its focus on storytelling, said Gavin Doyle, founder of MickeyVisit.com.

    “Disney redefined the cruising space when they entered, and that was in the way they were designing the ships in a guest-centric way that they serviced people on board, and also the beloved characters and intellectual properties that they can integrate,” he said.

    Doyle noted that Disney accommodates diners using “rotational dining” on its cruise ships. Passengers don’t eat in one large mess hall — they are prescheduled to dine at different themed restaurants. Disney rotates the restaurant staff, too, to follow each group of passengers to their scheduled restaurant. In so doing, guests have the same servers, busboys and restaurant managers throughout their trip, and the waitstaff gets to know the guests — and their preferences.

    “They’re able to just deliver this level of customer service that does feel like magic,” Doyle said.

    Plaza de Coco, named for the Disney and Pixar film “Coco,” is one of the many themed restaurants on the Treasure cruise ship.Disney

    While there are traditional amenities onboard the Treasure that are staples on cruise lines — upscale restaurants, pools, spas and gaming rooms for kids — Disney has integrated storytelling into these services to elevate them for guests.

    Its dinnertime restaurants are immersive and feature live entertainment. Plaza de Coco, the first theatrical dining experience themed to the 2017 film “Coco,” invites guests to gather at Mariachi Plaza for a festive meal and music.

    Meanwhile, over at Worlds of Marvel, guests will experience two different shows, one called “Avengers: Quantum Encounter” and the other “Marvel Celebration of Heroes: Groot Remix.”

    The high-tech venue has a number of screens for diners to tune in to during their meal to experience the heroic adventures.

    Worlds of Marvel, a restaurant on Disney’s cruise ship Treasure that was inspired by the Marvel Cinematic Universe.Disney

    There is also 1923, a restaurant named after the founding year of Walt Disney Animation Studios. This location is a bit more subdued and upscale. It features a collection of exploration-themed artwork from modern and classic animated films.

    In addition to the three main family restaurants, the Treasure has a number of places for casual dining and to grab quick bites during the journey. Those with a sweet tooth can head to Jumbeaux’s Sweets, which is based on the ice cream parlor from Disney’s “Zootopia.”

    The Treasure also features some adult-exclusive dining locations for those traveling without kids or looking for a night away.

    Palo Steakhouse and Enchante are upscale restaurants inspired by “Beauty and the Beast” and feature gourmet Italian and French menus. The Rose, a chic lounge at the entrance to the two restaurants, has pre-dinner aperitifs and after-dinner cocktails.

    Jumbeaux’s Sweets, inspired by the ice cream parlor in Disney’s “Zootopia,” is a gelato and sweets shop on Disney’s Treasure cruise ship.Disney

    The Disney Treasure marks the first time that Disney has brought intellectual properties from its parks to one of its ships.

    The Haunted Mansion Parlor is a bar that features ghostly design elements from the famed attraction as well as spirit-filled cocktails, mocktails and zero-proof beverages.

    “Walt Disney World has been around 50 years,” said Mazloum. “Disneyland even longer. Many of our guests over the years have been growing up by coming to our parks and over time you have these iconic attractions and experiences … Our Imagineers, and I’ve got to give them a lot of credit, came up with the idea.”

    “We were literally thrilled with that idea, and even more thrilled with the reception we’ve received,” he added.

    The Haunted Mansion Parlor is an adults-only bar on the Treasure cruise ship that was inspired by the Disney theme parks attraction.Disney

    Another fan-favorite parks property coming to the Treasure is Jungle Cruise. Skipper Society is a place to grab themed cocktails and light snacks surrounded by camp-style furnishings.

    Other adults-only spots include Scat Cat Lounge, based on “The Aristocats,” and Periscope Pub, based on “20,000 Leagues Under the Sea.”

    Of course, for many, Disney cruises are a family affair.

    “People often say that they have been designed with families in mind, which is absolutely correct,” said Mazloum. “I would go a step further and say they’ve really been designed for multiple generations so that everyone is allowed to enjoy their experiences.”

    According to the Cruise Lines International Association, cruises are a top choice for multigenerational travels, with one-third of families sailing with at least two generations. Another 28% of cruise travelers board with three to five generations, the organization said in its annual state of the cruise industry report published in April.

    Disney has dedicated spaces for every age group. It’s a Small World nursery offers babysitting services for children ages six months to three years, while older children can head over to Disney’s Oceaneer Club, which features several immersive spaces.

    Families can also catch “Disney the Tale of Moana” at the Walt Disney Theatre onboard the Treasure. The Broadway-style production features a massive Te Ka puppet and introduces an all-new song called “Warrior Face.” The stage will also feature “Disney Seas the Adventure” and “Beauty and the Beast.”

    Additionally, the Treasure will have Hero Zone and the Wonderland and Never Land Cinemas, popular spaces from the Disney Wish. Hero Zone is a sports and recreation venue with game show-style competitions and physical challenges, while cinemas are luxe screening rooms featuring first-run films from Disney, Pixar, Marvel and Lucasfilm.

    Similar to the Wish, the Treasure also has a Toy Story-themed area that includes a splash pool, wading pool and family waterslide. There’s also an adapted version of the Wish’s AquaMouse water coaster called “Curse of the Golden Egg.”

    This post appeared first on NBC NEWS