Sports fans have a growing number of streaming options available, but Netflix (NASDAQ: NFLX) isn't going to be the home of live sports anytime soon. Big tech companies like Amazon, Apple, and Alphabet (via YouTube) are all spending big on sports rights. The cost of sports has never been higher, and there might not be room in Netflix's budget. Read More...
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Why GoPro Stock Was a Winner on Wednesday
Content is king, as the old maxim goes, and investors clearly took this to heart with GoPro (NASDAQ: GPRO) stock on Wednesday. The digital camera maker’s share price rose by nearly 3% on the day, thanks to the announcement of a new content deal. GoPro, in collaboration with streaming video specialist Cinedigm (NASDAQ: CIDM) and content producer Roundtable Entertainment, is developing the GoPro Channel, Cinedigm announced Wednesday morning.
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