Fobi selected among nine other companies from over 1,500 applicants across 52 countries for this year's sports tech accelerator program. VANCOUVER, BC, Feb. 22, 2024 (GLOBE NEWSWIRE) -- February 22, 2024, Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the "Company" or "Fobi"), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce that Fobi has been selected among nine other companies from over 1,500 applicants across 52 countries for this year's sports t ...

ATLANTA, Feb. 20, 2024 /PRNewswire/ -- The Russell Innovation Center for Entrepreneurs (RICE), the largest center in the world dedicated to growing, scaling, and developing Black Entrepreneurs, proudly announces a $1 million grant by Comcast NBCUniversal to help advance RICE initiatives aimed at uplifting entrepreneurs in the Atlanta community and beyond. The grant will help propel the acceleration of Digital RICE, the "Level UP" Speaker Series, and the RICE Data Science Initiative, which together will prov ...

Movie awards season hit Britain on Sunday evening as actors, directors and movie execs celebrated the 2024 BAFTAs. Notable winners include Christopher Nolan’s Oppenheimer, which picked up the Best Film, Best Director, Best Actor and Best Supporting Actor along with awards for cinematography, sound and editing. Also picking up several awards were Poor Things starring Emma Stone, The Holdovers and The Zone of Interest. However, were any investors left smiling by the results? Universal Pictures, which is owned ...

Paramount Global recently held talks with Comcast on joining forces for a streaming deal, the Wall Street Journal reported Friday, citing people familiar with the matter.The two companies discussed a streaming partnership or joint venture for Paramount+ and Peacock, among several strategic options Paramount was pursuing, the report said.The development comes after Fox, Walt Disney’s ESPN and Warner Bros Discovery said earlier this month they would launch a joint sports streaming service from their broad por ...

ATLANTA--(BUSINESS WIRE)--Georgia State University (GSU) and CodePath announced today a partnership that will the launch of the CodePath E3 Program. This new program, which will be run by GSU and CodePath, provides students with high-quality, tech industry co-developed and vetted courses, student course and program support services, access to a network of professional engineers, and a career center offering 1:1 coaching and mentorships. CodePath, the organization dedicated to reprogramming higher educati ...

PITTSBURGH--(BUSINESS WIRE)--Ricky Frazier Jr. has been appointed Senior Vice President of Comcast’s Keystone Region overseeing the organization’s operational, strategic and financial performance across western, central and northeastern Pennsylvania, eastern Ohio, northern West Virginia and the Maryland panhandle. “Ricky is a people-first leader who has consistently focused on delivering a great customer experience,” said Amy Lynch, President of Comcast’s Northeast Division, which includes 14 northeaster ...

Comcast NBCUniversal Partners with News is Out and Word In Black to Launch Fellowship Program that Highlights Black and LGBTQ+ Issues (Graphic: Business Wire)Comcast NBCUniversal Partners with News is Out and Word In Black to Launch Fellowship Program that Highlights Black and LGBTQ+ Issues (Graphic: Business Wire)PHILADELPHIA--(BUSINESS WIRE)--News is Out, a queer media collaborative of six of the nation’s legendary LGBTQ+ publications, and Word In Black, a collaborative of ten of the nation’s legendary Bl ...

Competition is indeed heating up for streaming players as many households are starting to use Free-ad supported streaming services and the “average viewing time” of paid streaming services is dropping. In October, research firm Kantar reported that, as of the third quarter “Free-ad supported streaming (FAST) (was) the fastest growing streaming tier in the U.S., with 47% of U.S. households using a FAST service each week.” Moreover, the firm noted that “11% of all (video-on-demand) streaming services (went) u ...

Sky announced its decision to eliminate around 1,000 jobs across its UK operation on Tuesday evening. Job cuts are expected to primarily impact the engineering teams responsible for installing satellite dishes, reports revealed. It’s part of a strategic pivot towards digital streaming services, a transition accelerated by the growing consumer preference for platforms like Sky Glass and Sky Stream. These platforms highlight a shift away from the satellite dishes which originally made Sky a household name. Th ...

Layoffs and Workforce Reduction - Comcast's Sky division is laying off approximately 1,000 employees, which represents about 4% of its workforce [1] - The layoffs are primarily affecting engineering and installation roles due to the shift from satellite dish services to internet streaming [2] - This follows a previous round of layoffs in May 2023, where hundreds of workers were let go for the same reason [2] Financial Performance and Strategic Shifts - Comcast reported Q4 2023 revenue of $31.25 billion, a 2.3% increase from $30.55 billion in the previous year [3] - Adjusted EPS rose to 84 cents from 82 cents year-over-year, and free cash flow grew by 28.5% to $1.70 billion [3] - Shareholders received a dividend increase of 6.9%, bringing the annualized dividend to $1.24 [3] - Sky's shift to internet streaming is driven by customer preference, with 80% of new customers opting for streaming services [2] Acquisition and Impairment - Comcast acquired a majority stake in Sky from 21st Century Fox in 2018 for $40 billion, representing a 15x EBITDA multiple [1] - As of 2018, Comcast held over 75% of Sky's issued outstanding shares [1] - The company incurred an $8.6 billion non-cash impairment charge in October 2023, suggesting potential overpayment for the acquisition [1] Sky's Business Operations - Sky operates as a media and entertainment company in Europe, offering sports, news, video streaming, original content, and mobile connectivity [1] - The company also sells hardware like Sky Glass, Protect, and Stream, and serves 23 million customers across six countries [1]