Paramount Skydance has confirmed that it will join HBO Max, Paramount+ and Discovery+ into a single streaming service. Both HBO and Paramount used to supply content to DStv, MyBroadband reported.
The company said the move should cut down on the number of separate apps viewers need. It said one service would also make things simpler for users. The report was first carried by Ars Technica.
The streaming news came in a daily roundup that also covered a warning about artificial intelligence from billionaire investor Ray Dalio.
Dalio said the AI boom is a “classic bubble” that is nearing a point where it could burst. He said rising interest rates were making it more expensive to borrow money.
According to Bloomberg, Dalio said huge AI spending paid for with debt could trigger a collapse. He said pressure to turn wealth into cash could add to that risk.
On world markets, Asian shares slipped while Wall Street kept climbing to record highs. MSCI’s Asia Pacific share index dropped 0.7% as tech shares in South Korea and Hong Kong fell.
In the United States, hope about tech company profits pushed the S&P 500 and Nasdaq 100 to all-time highs. Analysts expect third-quarter S&P 500 profits to rise by about 25% from a year earlier.
“There’s a sense that Asian markets are starting to lose some of the relative momentum they enjoyed earlier,” said Tim Waterer, chief market analyst at KCM Trade.
Hebe Chen, a market analyst at Vantage Global Prime, said Wall Street and Asia were reacting differently to higher bond yields. She said cash-rich AI companies in the US could still outrun the higher cost of borrowing.
Oil prices rose after Iran stepped up attacks on tankers in the Strait of Hormuz. Brent crude climbed 1% to about $101.60 a barrel. Bitcoin fell 1.7% to about $84,100.
Nvidia’s market value moved close to $6 trillion. People familiar with the matter said Elon Musk’s SpaceX was in talks to raise $40 billion in debt to buy Nvidia chips.
In other tech news, South Korean President Lee Jae Myung said AI agents may have been used in cyberattacks on the country’s banks. Authorities are looking into breaches at Shinhan, KB Kookmin and other banks.
Apple has reportedly teamed up with LG to make smart home devices, according to Bloomberg. These could include a smart lock, a thermostat, a doorbell and security cameras.
New filings with the Wi-Fi Alliance also showed two new PlayStation model numbers, CFI-Y2000 and CFI-Y2105. Samsung Electronics is expected to report its largest-ever quarterly profit when it releases early results on Thursday.
Source: this article is based on reporting by MyBroadband. Image: MyBroadband. Written with the help of AI and published by the Tzaneen Voice Entertainment desk. See our Editorial Standards.
Rirhandzu Baloyi writes about entertainment for Tzaneen Voice. Rirhandzu covers South African music, film, TV, streaming, awards and celebrity news, from amapiano and local soapies to Showmax and Netflix releases. Stories stick to what happened, who was involved and when fans can watch or listen.