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Tech Across the Globe

Disney disappoints: Disney’s latest earnings results underscore the strength of its streaming and parks businesses, but the company’s annual profit forecast disappointed some investors.

Sony does not: Even with the looming threat of Trump’s semiconductor tariffs in the air, Sony’s June-quarter report swept away a decline in its Tokyo-traded shares and the entertainment giant inched closer to a fresh all-time high on Thursday. Its games and music divisions are humming and investors are treating them as a safe bet.

iQiyi’s IPO: The Netflix-style streaming service owned by Baidu is seeking to raise $300 million in a Hong Kong market debut this year, according to people familiar with the matter.

Revalued

The National Football League will sell most of its media businesses to Disney in exchange for a 10% stake in ESPN, deepening the ties between the league and one of its top broadcast partners. The assets include NFL RedZone, a subscription-based highlights service, and the NFL Network cable channel. Disney will also get to air more NFL games.

Must Read

Character.AI has introduced an AI-based social feed that may point to the future of social media, Kurt Wagner reports in today’s Tech In Depth. But after sampling the service, Wagner writes that he’s not sure artificial conversations created by an algorithm are exactly what people want in their social feeds.

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This Week in Cyber Bulletin

Hackers have stolen login credentials from thousands of people working with the UK’s National Health Service, putting the organization at risk of further cyberattacks, Ryan Gallagher reports in this week’s Cyber Bulletin. The hack is linked to a malicious software known as infostealer, Gallagher writes.

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