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January 20, 2023

Netflix Shows Mixed Results with Q4 Earnings Report

Streaming giant Netflix released its Q4 report on Thursday. In the last quarter, the company added 7.66 million subscribers, far exceeding the 4.57 million projection. This helped drive shares up even as its revenue fell. In a corresponding investors’ note, the company’s co-founder and co-CEO, Reed Hastings, revealed that he will transition to the post of executive chairman, while Greg Peters, the company’s chief operating officer has been promoted to co-CEO. However, the promising report was not enough to drive after hours trading into the black. The stock is down 3% before the opening bell.

Boardroom’s Shlomo Sprung has all the details on the streaming giant’s latest financials.

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Pete Davidson and Snoop Dogg Set to Take Over Sidelines as Pro Bowl Coaches

Pete Davidson and  are facing off against one another and no, it’s not a movie, commercial, or anything related to social media. The two have officially been named team captains of the 2023 Pro Bowl where Davidson will be the NFC captain joining head coach Eli Manning, and Snoop Dogg leads the AFC alongside Peyton Manning as head coach.

Read more about the 2023 NFL Pro Bowl from Boardroom’s Randall Williams.

Google Lays off 12,000 Employees

It’s a tough time to work in tech. In the same week that Microsoft announced that it will let go of 10,000 employees, Google boss Sundar Pichai wrote a letter to his employees confirming a difficult decision. The company is laying off 12,000 employees worldwide. However, those affected will transition with a robust severance package that includes at least 16 weeks of salary, six months of healthcare, and a payout of their 2022 bonuses and remaining vacation days. The company will host a town hall on Monday to discuss its future.

NBA Targets International Fans with New Partnership with France

Thursday marked the NBA’s return to Paris as the Bulls beat the Pistons 126-108 at the Accor Arena. To kick off the event, the NBA and France announced a number of initiatives to elevate the game globally. As part of the deal, the French Government and the Association will appoint a group of senior executives to coordinate with the French Basketball Federation in the run up to the 2024 Summer Olympic and Paralympic games in Paris. Furthermore, France and the NBA plan to further invest in basketball infrastructure in Africa, including multipurpose facilities that can host BAL and NBA games, and that will drive economic growth in communities across the continent.

Anthony Puccio unpacks the details on the NBA’s latest partnership.

NBA Announces Alternative Broadcast with Bill Walton

The NBA announced a new alternate telecast hosted by hoops legend Bill Walton called Throw It Down With Bill Walton — named after his famous call in the booth after an electrifying dunk. The first telecast will be on Jan. 23 for SpursTrail Blazers match up and will feature Dr. J and Phil Knight. “I’m the luckiest guy in the world. Please help me throw it down as this volcanic eruption celebrates the best of life, nature, sport, the NBA and everything else. We promise to blast through the real, imaginary and self-imposed limits of the known universe and beyond. Won’t you come with me. Hold on if you can. Hold on if you dare.” Walton will bring his one-of-a-kind announcing style to the broadcast, but will he also bring his signature tye-dye? We’ll soon find out.

John Harbaugh “200%” Sure that Lamar Jackson Will Return to the Ravens

In the Ravens’ end-of-season press conference, coach John Harbaugh said “Lamar Jackson is our quarterback” and says there is a “200 percent” chance he stays. In addition to Harbaugh’s comments, he mentioned how Jackson will be involved in the offensive coordinator hiring. The 2019 MVP QB is a free agent this upcoming offseason after rejecting a contract reported at $250 million. Jackson, 26, denied the offer because Baltimore only guaranteed $133 million — he wanted a fully guaranteed deal.

Boardroom’s Anthony Puccio has more details on what could be next for Lamar Jackson.

MLP Secures TV Partner as Season Prepares to Kick Off

Major League Pickleball kicks off next week in Mesa, AZ. As the league’s teams assemble for the first time, MLP announced the addition of two new teams – the St. Louis Shock and Orlando Squeeze – finalizing the the 32-team league. In addition, it has expanded its broadcasting partnership with the Tennis Channel, which will stream select matches.

Keep an eye on Boardroom for exclusive coverage of the event!

Allyson Felix Receives Ultimate Honor with USC Field Naming

The seven-time Olympic gold medal winner may have hung up her spikes, but Allyson Felix‘s impact on the sport of track and field remains. The University of Southern California announced it will name a field in the Katherine B. Loker Track Stadium after Felix. In a tweet, the LA native and Trojan alum said she is so “honored and humbled” by the recognition.