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Comcast is made up of three parts. The core cable business owns networks capable of providing television, internet access, and phone services to 64 million US homes and businesses, or nearly half of the country. About 50% of the locations in this territory subscribe to at least one Comcast service. Comcast acquired NBCUniversal from General Electric in 2011. NBCU owns several cable networks, including CNBC, MSNBC, and USA, the NBC network, the Peacock streaming platform, several local NBC affiliates, Universal Studios, and several theme parks. The firm plans to spin off most of its cable networks later in 2025. Finally, Sky, acquired in 2018, is a large television provider in the UK and Italy, and it also has a presence in Germany and Austria.

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Comcast Corporation - Class A Common Stock

Comcast Corp

On Wednesday, Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) scored a legal victory as a federal judge ruled that the company&#8217;s use of <a href="https://www.benzinga.com/general/entertainment/23/07/33158772/sarah-silverman-and-other-authors-allege-openai-meta-wield-ai-tech-to-steal-info">copyrighted books</a> to train its AI models is protected under the fair use doctrine.
What Happened: A lawsuit filed by 13 authors, including Sarah Silverman, claimed Meta illegally used their copyrighted works to train AI models.
However, U.S. District Judge Vince Chhabria sided with Meta, granting summary judgment and stating that the company's actions fell under fair use, <a href="https://techcrunch.com/2025/06/25/federal-judge-sides-with-meta-in-lawsuit-over-training-ai-models-on-copyrighted-books/">reported</a> TechCrunch.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/45988600/mark-zuckerbergs-meta-dangled-100-million-signing-bonuses-to-openai-team-members-says-sam-altman-happy-none-of-our-best-people-took-them" target="_blank" rel="noreferrer noopener">Mark Zuckerberg&#8217;s Meta Dangled ‘$100 Million Signing Bonuses&#8217; To OpenAI Team Members, Says Sam Altman: Happy ‘None&#8217; Of Our Best People Took Them</a>
&#8220;The plaintiffs presented no meaningful evidence on market dilution at all,&#8221; Judge Chhabria said. He went on to say that while the case was narrowly focused, AI model training can be deemed transformative, meaning Meta's models didn't simply replicate the authors' works.
Judge Chhabria added that this decision doesn't make all AI model training legal, but pointed out that the plaintiffs failed to make sufficient arguments about market harm.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It&#8217;s Important: The decision follows a <a href="https://www.benzinga.com/markets/tech/25/06/46088008/elon-musk-agrees-google-had-all-the-tools-but-still-lost-the-ai-race-to-openai-echoes-social-media-post-having-the-pieces-isnt-the-same-as-playing-the-game">similar ruling in favor</a> of Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) backed Anthropic, another AI company.&nbsp;
However, multiple other lawsuits are ongoing against tech firms accused of using different types of copyrighted content for AI training.
This includes The New York Times's <a href="https://www.benzinga.com/news/24/02/37121678/openai-lawsuit-judge-calls-sarah-silverman-other-authors-copyright-infringement-claim-insufficient">case against</a> OpenAI and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) over the use of its news articles, while Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) and Comcast Corp's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) Universal Studios have taken legal action against Midjourney for <a href="https://www.benzinga.com/news/legal/25/06/45895643/disney-universal-studios-sue-ai-image-generator-midjourney-for-copyright-infringement">allegedly training AI models</a> on movies and television content.
Price Action: Meta shares declined by 0.49% in Wednesday's regular trading and edged up by 0.017% in after-hours trading, as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Benzinga's Edge Stock Rankings show a steady upward trajectory for META over short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'">Additional performance insights can be found here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25225004/Screenshot-2025-06-26-at-8.18.07%E2%80%AFAM.png" alt="" class="wp-image-962394" /></a></figure>
Photo Courtesy: Skorzewiak on Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Mark Zuckerberg's Meta Beats Lawsuit Over AI Training On Books, Judge Finds 'No Meaningful Evidence On Market Dilution'

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector.
<h3 class="wp-block-heading">Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>)</h3>
<ul class="wp-block-list">
<li>Dividend Yield: 3.75%</li>
<li>Rosenblatt analyst Bbarton Crockett maintained a Neutral rating with a price target of $36 on April 28, 2025. This analyst has an accuracy rate of 72%.</li>
<li>Morgan Stanley analyst Benjamin Swinburne maintained an Equal-Weight rating and slashed the price target from $38 to $37 on April 25, 2025. This analyst has an accuracy rate of 77%.</li>
<li>Recent News: Comcast will host a conference call with the financial community to discuss financial results for the second quarter on Thursday, July 31.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to latest <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0625">CMCSA news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0625"><img loading="lazy" decoding="async" width="903" height="578" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25075049/image-379.png" alt="" class="wp-image-961480" style="width:611px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25075049/image-379.png 903w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25075049/image-379-300x192.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25075049/image-379-768x492.png 768w" sizes="(max-width: 903px) 100vw, 903px" /></a></figure>
<h3 class="wp-block-heading">Omnicom Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>)</h3>
<ul class="wp-block-list">
<li>Dividend Yield: 3.86%</li>
<li>JP Morgan analyst David Karnovsky maintained an Overweight rating and lowered the price target from $116 to $104 on April 16, 2025. This analyst has an accuracy rate of 74%.</li>
<li>Wells Fargo analyst Steven Cahall maintained an Equal-Weight rating and slashed the price target from $99 to $84 on April 16, 2025. This analyst has an accuracy rate of 67%.</li>
<li>Recent News: On April 15, Omnicom Group reported worse-than-expected first-quarter revenue results.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0625">OMC news</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0625"><img loading="lazy" decoding="async" width="890" height="717" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25075116/image-380.png" alt="" class="wp-image-961482" style="width:569px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25075116/image-380.png 890w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25075116/image-380-300x242.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25075116/image-380-768x619.png 768w" sizes="(max-width: 890px) 100vw, 890px" /></a></figure>
<h3 class="wp-block-heading">AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>)</h3>
<ul class="wp-block-list">
<li>Dividend Yield: 3.93%</li>
<li>UBS analyst John Hodulik maintained a Buy rating and raised the price target from $30 to $31 on June 18, 2025. This analyst has an accuracy rate of 76%.</li>
<li>Tigress Financial analyst Ivan Feinseth maintained a Buy rating and raised the price target from $32 to $34 on April 29, 2025. This analyst has an accuracy rate of 73%.</li>
<li>Recent News: AT&amp;T will release second-quarter earnings on July 23.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0625">latest T news</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0625"><img loading="lazy" decoding="async" width="922" height="822" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25075149/image-381.png" alt="" class="wp-image-961483" style="width:590px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25075149/image-381.png 922w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25075149/image-381-300x267.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25075149/image-381-768x685.png 768w" sizes="(max-width: 922px) 100vw, 922px" /></a></figure>
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Read More: 
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Photo via Shutterstock

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Wall Street's Most Accurate Analysts Spotlight On 3 Tech And Telecom Stocks With Over 3% Dividend Yields

<ul>
<li>Comcast Advertising partners with Mastercard to measure ad performance.</li>
<li>Universal Ads partners with digital marketing pioneer Marpipe to bring dynamic product insertion to streaming TV for the first time.</li>
<li>FreeWheel introduces new attribution tools and an enhanced partnership with PlaceIQ to fuel its buying technology.</li>
</ul>

Comcast Advertising Launches Industry-First Performance Tools With Mastercard, Marpipe, And PlaceIQ to Prove TV's Full-Funnel Value

Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) stock could benefit from a strong 2025 film lineup, which could help its Peacock streaming platform and help offset weakness <a href="https://www.benzinga.com/news/earnings/25/04/44978343/comcast-hit-hard-by-subscriber-exodus-nearly-630000-customers-gone-in-q1">from cable subscribers.</a>
The company's live-action "How to Train Your Dragon" film is already setting franchise records.
What Happened: While not all<a href="https://www.benzinga.com/25/03/44465410/snow-white-disappoints-at-box-office-will-remake-hurt-disneys-marvel-magic-in-2025"> </a><a href="https://www.benzinga.com/25/03/44465410/snow-white-disappoints-at-box-office-will-remake-hurt-disneys-marvel-magic-in-2025" target="_blank" rel="noopener">live-action remakes </a>of animated films are hits for Disney, Comcast's Dreamworks Animation segment has an early hit with "How to Train Your Dragon."
The film grossed $83.7 million domestically in its opening weekend and has a total worldwide gross of $197.8 million, as reported by <a href="https://deadline.com/2025/06/box-office-how-to-train-your-dragon-1236432834/">Deadline</a>. This total is the best domestic opening weekend for the franchise, breaking the totals of the previous three animated hits.
Here's a look at the <a href="https://www.boxofficemojo.com/search/?q=how+to+train+your+dragon">past </a>box office of the first three animated films:
<ul class="wp-block-list">
<li>"How to Train Your Dragon" (2010): $217.6 million domestic, $494.9 million worldwide, $43.7 million domestic opening</li>
<li>"How to Train Your Dragon 2" (2014): $177.0 million domestic, $621.5 million worldwide, $49.5 million domestic opening</li>
<li>"How to Train Your Dragon: The Hidden World" (2019): $160.9 million domestic, $540.0 million worldwide, $55.0 million domestic opening</li>
</ul>
The latest film opening is significantly higher than any of the animated films and gave movie theaters a strong Father's Day weekend total of $155 million. The total was down from last year's $214 million, helped by "Inside Out 2," but ahead of a pre-COVID 2019 total of $135.9 million.
While the film&#8217;s success doesn't mean we'll get live-action "Shrek" or "Kung Fu Panda" movies anytime soon, it does mean that Comcast has another extension of one of its strong Dreamworks Animation franchises. The studio is already working on a sequel to the live-action film, which will be released on June 11, 2027.
Strong demand for the film's trailers, which had three-quarters of a billion views before the release, helped. The movie studio also worked on several promotional campaigns, including with Roblox, Burger King, WWE, the NBA, and the NHL.
A "How to Train Your Dragon"-themed game within Roblox has had over 10 million plays and is on pace to be Universal&#8217;s most-played Roblox integration.
Read Also:<a href="https://www.benzinga.com/general/entertainment/24/12/42750888/top-anticipated-2025-movies-for-big-screen-success-and-stocks-investors-should-watch"> Top Anticipated 2025 Movies For Big Screen Success And Stocks Investors Should Watch</a>
Why It's Important: The success of "How to Train Your Dragon" could have reciprocal effects on the company's streaming platform that will land the film in the future and the company's theme parks division with a new Epic Universe park in Florida featuring the franchise in several immersive worlds.
It also sets Comcast up for a strong 2025 box office showing with another top hit. The movie is already ranked 12th domestically for year-to-date box office. Comcast's only current top-10 film is "Dog Man," which had $98.0 million in domestic box office and will likely fall from the top 10 soon.
Comcast had four top-ten films domestically last year and ranked second by studios at $1.74, trailing only Disney.
The company's upcoming film slate includes a couple of Dreamworks Animation with "The Bad Guys 2" in August and "Gabby's Dollhouse: The Movie" in September.
Comcast also has several upcoming blockbusters including July's "Jurassic World Rebirth" and November's "Wicked: For Good."
Last year's "Wicked" ranked third domestically and was one of the top-grossing films worldwide for the year. The last Jurassic World franchise movie came out in 2022 and grossed $376.9 million domestically and over $1 billion worldwide.
A continued strong showing by "How to Train Your Dragon" could help pad Comcast's box office total as it heads into the release of other highly anticipated films in 2025.
CMCSA Price Action: Comcast stock traded at $34.98 on Monday, compared to a 52-week trading range of $31.44 to $45.31. Comcast stock is down 6.5% year-to-date in 2025.
Read Next: 
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<li><a href="https://www.benzinga.com/general/entertainment/25/03/44084789/2025-academy-awards-winners-and-losers-how-netflix-donald-trump-hulu-anora-and-more-stack-up">2025 Academy Awards Winners And Losers: How Netflix, Donald Trump, Hulu, &#8216;Anora&#8217; And More Stack Up</a></li>
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Photo: Shutterstock

Live Action 'How To Train Your Dragon' Box Office Soars Above Cartoon Films: Inside Comcast's 2025 Movie Magic

<h3 class="wp-block-heading">New On The Block</h3>
Bankers say these biscuits are worth billions. The $1.5 billion asking price for Bojangles, the fried chicken and biscuit fast-food chain, is about triple what private equity firms Durational Capital Management and TJC paid in 2019—just four years after <a href="https://www.benzinga.com/news/15/05/5492635/bojangles-prices-ipo-at-19-high-end-of-range">the chain went public</a>.
According <a href="https://www.wsj.com/business/deals/bojangles-is-exploring-a-sale-while-the-fried-chicken-market-is-hot-5cc6fb9e?mod=e2tw">to</a> the Wall Street Journal, both strategic restaurant operators and private equity buyers are interested.
The North Carolina–based fast-casual brand has been expanding thanks to U.S. chicken chain sales spiking 9% last year. 
The potential sale comes amid a broader M&amp;A wave in the restaurant industry. Recent deals include Roark Capital's <a href="https://www.benzinga.com/markets/large-cap/25/06/45829771/heres-how-daves-hot-chicken-went-from-humble-beginnings-to-a-billion-dollar-food-empire">acquisition of</a> Dave's Hot Chicken, Blackstone's <a href="https://www.benzinga.com/markets/24/11/42167861/blackstone-takes-a-bite-out-of-jersey-mikes-with-8-billion-investment">stake in</a> Jersey Mike's, and Sycamore Partners' purchase of Playa Bowls. 
Meanwhile, Apollo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) and Irth Capital have <a href="https://www.benzinga.com/m-a/25/06/45908298/papa-johns-takeover-rumors-swirl-but-doubts-are-creeping-in">made a $2 billion bid</a> for Papa John's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>). Coincidentally, Irth's co-founder previously led the Bojangles buyout at Durational.
Also for sale:
<ul class="wp-block-list">
<li>South Korean retailer Homeplus; The <a href="https://www.bloomberg.com/news/articles/2025-06-13/mbk-seeks-buyer-for-struggling-korean-supermarket-chain-homeplus?srnd=phx-deals&amp;sref=TBDibEcD">seller</a> is MBK Partners, Bloomberg reports.</li>
<li>Texas-based Healix Infusion Care, a portfolio company of TA Associates, <a href="https://www.axios.com/pro/health-tech-deals/2025/06/12/ta-associates-healix-infusion-care-sale">per</a> Axios.</li>
</ul>
<h3 class="wp-block-heading">Updates From The Block</h3>
<ul class="wp-block-list">
<li>Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) <a href="https://www.benzinga.com/markets/tech/25/06/45919069/meta-invests-in-scale-ai-at-29-billion-valuation-taps-ceo-alexandr-wang-to-drive-internal-ai-push-as-part-of-deepening-partnership">acquired a 49% stake</a> in Scale AI, a startup that values the company at more than $29 billion. The $14.8 billion all-cash transaction marks Meta's largest investment in a company since its $19 billion acquisition of WhatsApp a decade ago. As part of the agreement, Scale AI CEO Alexandr Wang will join Meta, although Meta will hold only non-voting stock and forgo governance rights such as board representation, veto power, or drag-along rights. These structural decisions are widely viewed as a strategy to avoid triggering antitrust concerns at a time when regulatory scrutiny of <a href="https://www.benzinga.com/topic/big-tech">Big Tech remains high</a>.</li>
</ul>
<ul class="wp-block-list">
<li>Advent International is in exclusive talks to acquire Air Wick maker Essential Home, the consumer goods unit of Reckitt (LSE: RKT), Reuters <a href="https://www.reuters.com/business/finance/reckitt-talks-exclusively-advent-essential-home-sale-sources-say-2025-06-11/">reports</a>. </li>
</ul>
<ul class="wp-block-list">
<li>Craneware (LSE: CRW), a British enterprise software firm, rejected a £938.4 million offer from Bain Capital, calling the private equity firm&#8217;s offer a lowball. The £26.50 per share bid was a 38% premium—but apparently not enough to impress. </li>
</ul>
<h3 class="wp-block-heading">Off The Block</h3>
<ul class="wp-block-list">
<li>After over two years of corporate tug-of-war, Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) has finally bought out Comcast's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) one-third stake in Hulu. According to Variety, Disney managed to haggle the price down. Instead of shelling out the full $27.5 billion valuation Comcast wanted, Disney — which had about $5.852 billion in cash on hand for the quarter ending March 31 — will pay about $9 billion for the stake. This includes an extra $438.7 million recently agreed upon after arbitration.</li>
</ul>
<h3 class="wp-block-heading">Bankruptcy Block</h3>
<ul class="wp-block-list">
<li>Auto parts supplier Marelli Holdings Co., which serves major automakers like Nissan and Stellantis (Jeep), has <a href="https://www.wsj.com/articles/auto-supplier-marelli-files-for-bankruptcy-to-hand-lenders-control-ed401dda?gaa_at=eafs&amp;gaa_n=ASWzDAjPClGFpuU2kdlfILXFqkzYYLEbGSGEDi8wU1vCxDz-KDhuumjVHnQd2E3iGdA%3D&amp;gaa_ts=684c436c&amp;gaa_sig=GZX70VBs_FQJP-fMVXsnMyK8bwQpKg8SiPUs7IOdakriGJ3Dhr774aDbj60rWEAo5-LRilaHNhgaQDPINOS7UQ%3D%3D">filed</a> for bankruptcy protection due to years of losses, a heavy debt load, and worsening conditions tied to Trump-era tariffs. The company, formed in 2019 through a KKR-led merger of Fiat Chrysler&#8217;s parts unit and a Japanese supplier, employs over 40,000 people globally.CEO David Slump said Marelli was already weakened by Covid-related supply chain disruptions when its financial position deteriorated further in March due to tariffs that hit import/export-dependent businesses like theirs especially hard. The firm, burdened with nearly $5 billion in debt, was also hurt by the prolonged semiconductor shortage. Despite the filing, Marelli plans to continue operating under a restructuring deal backed by over $1 billion in new financing.</li>
</ul>
<ul class="wp-block-list">
<li>Sunnova Energy International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NASDAQ">NOVA</a>), one of the largest rooftop solar companies in the U.S., has received court approval to begin using a $90 million bankruptcy loan to keep operating while it looks to sell its business under Chapter 11. Judge Alfredo Perez approved an initial $15 million draw, with the rest pending future approval. Earlier this week, a Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-03-19/oaktree-buys-up-position-in-sunnova-debt-ahead-of-talks">report</a> suggested Oaktree Capital Management has been <a href="https://www.benzinga.com/news/25/03/44423358/sunnova-energy-nova-stock-is-volatile-whats-going-on">buying up debt in the company</a>.</li>
</ul>
<h3 class="wp-block-heading">Notes From The Block</h3>
Benzinga sat down with 28-year-old financial advisor Luke Lloyd, founder of the newly launched Lloyd Financial Group. Formerly a wealth advisor at Strategic Wealth Partners, where he helped manage $1.5 billion in client assets, Lloyd brings a sharp eye for macroeconomic trends, individual stock analysis, and deal-making dynamics. 
Now running his own RIA firm, he's focused on delivering personalized, strategic investment guidance with a deep understanding of today's fast-moving financial landscape, including hot takes on M&amp;A:
<h3 class="wp-block-heading">Benzinga: Where do you think the most consolidation is going to happen this year and next?</h3>
Lloyd: It&#8217;s going to be where all the money&#8217;s at. It&#8217;s going to be big tech. Take Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and add up all their cash accounts. If these tech giants are collecting 5% of their cash on interest, and interest rates drop at all, they will go out there and buy everything they can buy. I also think the most divesting will also happen in tech. These big corporations are too inefficient. They&#8217;re too big. 
<h3 class="wp-block-heading">BZ: What should they do?</h3>
Lloyd: The most efficient way is to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/02/11119830/6-analysts-react-to-the-paypal-ebay-split">do something like</a> eBay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) and PayPal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) did. There are all these ways you can break up your company and actually make more money and add more shareholder value. These guys can write $2 billion checks to these small, mid-cap companies and not even feel a single thing. They&#8217;re making more on their interest, on their cash accounts, than they are writing those checks. Divesting the big parts of tech will also happen, probably in the next couple of years. I&#8217;m not saying it will happen this year, but in the next couple of years — I talked about this on Fox Business, probably six months ago — Apple will get broken up to focus on growth areas, like AI. Apple is behind the eight-ball with AI compared to others. 
<h3 class="wp-block-heading">BZ: That&#8217;s something that Senator Bernie Sanders would like to <a href="https://www.politico.com/story/2019/07/16/bernie-sanders-facebook-google-amazon-1416786">hear</a>.</h3>
Lloyd: I&#8217;m not saying the government&#8217;s going to do it. I&#8217;m saying I think it&#8217;s in the company&#8217;s best interest. Corporations themselves should want to break up in some ways because they make more money and become more efficient. If they can lean up certain sectors and areas, they can actually be able to deliver more shareholder value.
<h3 class="wp-block-heading">BZ: We&#8217;re not hearing much of that conversation from big tech.</h3>
Lloyd: I&#8217;m not either. I just hope it happens to add more shareholder value. I think they&#8217;re too fat and fluffy, and I think that it&#8217;s definitely possible and something that could happen that I&#8217;m keeping an eye on.
Check back soon for our whole conversation with Lloyd; <a href="https://www.benzinga.com/m-a/25/06/45822510/deal-dispatch-tv-stations-for-sale-this-buyer-wants-seconds-on-pasta">For last week&#8217;s edition of the Deal Dispatch, click here</a>.
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Image created using a photo from Shutterstock.

EBAY

GOOG

NOVA

PYPL

PZZA

Deal Dispatch: Chicken Chains, Solar Pains And Disney's Hulu Gains — Plus, Why Big Tech Should Break Up

The new generative AI offerings of Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) are finding a lot of takers among enterprise customers, who prioritize intellectual property safety.
What Happened: During the company&#8217;s <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45915038/adobe-q2-earnings-revenue-beat-eps-beat-raised-fy-guidance-continued-investments-in-ai-innovation">second quarter results</a> on Thursday, Adobe&#8217;s President of Digital Media, David Wadhwani, highlighted that customers are choosing Firefly not just for its creative capabilities, but because of the legal safeguards built into the product.
&#8220;We have trained our Firefly models, as many of you know, on stock and other content that we have access to,&#8221; he said, adding that the company has a &#8220;contributor fund&#8221; that pays out to creators of stock and other content used in its models, thus sidestepping the IP risks that other generative AI models face.
According to Wadhwani, the strategy is resonating well in boardrooms, with a lot of companies selecting Adobe&#8217;s Firefly generative AI solution because of the &#8220;safety of it.&#8221;
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45920502/elon-musks-tesla-files-lawsuit-alleging-ex-employee-stole-humanoid-tech-to-launch-rival">Elon Musk&#8217;s Tesla Files Lawsuit Alleging Ex-Employee Stole Humanoid Tech To Launch Rival</a>
While the company didn&#8217;t explicitly link any new customer wins to this strategy, it did highlight a string of high-profile enterprise adoptions tied to its Firefly and GenStudio platforms during the quarter.
&#8220;Select key global customer wins include Cisco, County of Los Angeles, the Defense Information Systems Agency, Macy's [and] Ulta Beauty," the company said, also noting that &#8220;top sports leagues like MLB, the NFL, and Premier League&#8221; had joined its growing roster of clients.
Emphasizing the need for IP-safe tools in enterprise content creation, the company&#8217;s CEO, Shantanu Narayen, said, &#8220;You're not going to use something that's not been designed to be intellectually… yeah, the intellectual property being correct. For production.&#8221;
Why It Matters: This comes amid growing concerns of copyright infringement by generative AI tools such as Midjourney and OpenAI. 
Early this week, the Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) and Comcast Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) Universal Studios <a href="https://www.benzinga.com/news/legal/25/06/45895643/disney-universal-studios-sue-ai-image-generator-midjourney-for-copyright-infringement">filed a lawsuit</a> against MidJourney, calling the platform a &#8220;bottomless pit of plagiarism.&#8221;
Several other GenAI platforms have faced <a href="https://www.benzinga.com/news/23/12/36432485/new-york-times-sues-openai-and-microsoft-ai-copyright-infringement-amid-54-stock-surge">threats of lawsuits</a> in recent years, including OpenAI and Microsoft, from the New York Times Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) and Rupert Murdoch&#8217;s Dow Jones and New York Post, <a href="https://www.benzinga.com/news/24/10/41442679/rupert-murdochs-dow-jones-new-york-post-sue-jeff-bezos-backed-perplexity-for-copyright-infringement">initiating proceedings against</a> the Jeff Bezos-backed Perplexity AI. 
During its <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45915038/adobe-q2-earnings-revenue-beat-eps-beat-raised-fy-guidance-continued-investments-in-ai-innovation">second quarter results</a> on Thursday, Adobe reported $5.87 billion in revenue, ahead of consensus estimates at $5.79 billion. Profits stood at $5.06 per share, beating estimates of $4.96 per share.
Price Action: Adobe&#8217;s shares were up 0.20% on Thursday, ending the day at $413.68, but are down 2.10% after hours, following its second quarter earnings.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="148" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13051834/Screenshot-2025-06-13-at-2.48.24-PM-1024x148.png" alt="" class="wp-image-948700" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13051834/Screenshot-2025-06-13-at-2.48.24-PM-1024x148.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13051834/Screenshot-2025-06-13-at-2.48.24-PM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13051834/Screenshot-2025-06-13-at-2.48.24-PM-768x111.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13051834/Screenshot-2025-06-13-at-2.48.24-PM.png 1524w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Adobe shares score well on Growth, but lag on most other metrics, with a favorable short-term price trend. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock. 
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Photo courtesy: Charles-McClintock Wilson / Shutterstock.com

Equities

ADBE

Cisco, NFL And The Premier League Are Picking Adobe Over OpenAI Because of Its 'Commercially Safe' Models Says ADBE's David Wadhwani

Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) and Comcast Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) Universal Studios on Wednesday filed a copyright lawsuit against Midjourney, an AI-powered <a href="https://www.benzinga.com/news/24/08/40500831/midjourney-opens-web-experience-to-all-amid-controversy-over-unauthorized-use-of-artists-work">image generation service. </a>
What Happened: The companies submitted the lawsuit in a federal court in Los Angeles and accused Midjourney of unauthorized use and distribution of the studios' most famous characters, according to a Reuters report. 
The lawsuit called Midjourney&#8217;s platform a "bottomless pit of plagiarism." 
Read Next: <a href="https://www.benzinga.com/markets/tech/25/06/45885805/nvidias-jensen-huang-sparks-quantum-stock-frenzy?utm_source=articleShare">Nvidia&#8217;s Jensen Huang Sparks Quantum Stock Frenzy</a>
The companies alleged that Midjourney unlawfully copied and distributed countless images featuring characters such as Darth Vader from "Star Wars," Elsa from "Frozen" and the Minions from "Despicable Me," among others.
Disney and Universal claimed they had previously asked Midjourney to stop infringing on their copyrighted works or, at least, to implement technical measures to prevent such use, but the company reportedly ignored these requests. 
Instead, the studios argued, Midjourney continued to release improved versions of its service, resulting in higher-quality infringing images. The lawsuit was filed by seven corporate entities representing the Disney and Universal film units that owned or managed the copyrights for these characters.
Disney and Universal are seeking a preliminary injunction to block Midjourney from copying their works or offering its image and video generation services without protections against copyright infringement. The studios are also pursuing unspecified damages.
Read Next: <a href="https://www.benzinga.com/news/space/25/06/45840240/trump-musk-feud-fuels-spacex-rivals-space-stock-countdown?utm_source=article">Trump, Musk Feud Fuels SpaceX Rivals: Space Stock Countdown</a>
Why It Matters: Midjourney was also named in a <a href="https://www.benzinga.com/general/24/02/37398914/the-4-700-artist-ai-controversy-artists-accuse-midjourney-and-other-ai-firms-of-unauthorized-use-in">separate 2023 lawsuit</a>, which remains ongoing.
The suit claimed several AI image generators, including Midjourney, had used the works of over 4,700 artists, including well-known names such as Norman Rockwell and Wes Anderson, to train their systems without consent or compensation.
The controversy gained traction after artist Jon Lam shared the "Midjourney Style List" on social media, sparking debate about the lack of regulation in the AI-generated art space. 
The list, reportedly disclosed by Midjourney's founder in a public forum, fueled artists' frustrations over being excluded from the profits made by AI platforms that monetize their styles through subscription services. 
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Image: Shutterstock

Disney, Universal Studios Sue AI-Image Generator Midjourney For Copyright Infringement

Scottie Scheffler has taken the golf world by storm <a href="https://www.benzinga.com/general/sports-betting/24/07/39940590/scottie-scheffler-gold-medalist-golfer-looks-to-turn-2024-pga-tour-success-into-a-2024-oly">in recent years</a> and enters the 2025 US Open as the heavy betting favorite. The golfer shared a unique story about his Venmo account ahead of the tournament.
What Happened: Scheffler has made bettors <a href="https://www.benzinga.com/news/22/04/26569375/scottie-scheffler-wins-the-masters-how-much-a-100-bet-on-the-golfer-paid-out-and-how-one-bettor-made">plenty of money</a> in recent years with his top form on the golf course, which includes several major tournament wins.
Those who bet on Scheffler are also the reason why the golfer no longer has a Venmo account, the financial app to send money to other people owned by PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>).
When asked about being the betting favorite for this year's U.S. Open, June 12-15 at the Oakmont Country Club in Oakmont, Pennsylvania, Scheffler got real with the difference between him and fan expectations.
"I think everybody hears from fans whether they have a financial benefit. That's why I had to get rid of my Venmo," Scheffler <a href="https://x.com/GolfDigest/status/1932550169527984156">said</a>, as shared by Golf Digest.
Scheffler said that it wasn't a good feeling after he lost to get requests from fans.
"I was either getting paid by people or people were requesting a bunch of money when I didn't win."
Scheffler said he received a "couple of bucks" here and there when he would win, but the requests would always outnumber the payments when he was on the losing end.
The golfer said he doesn't pay attention to betting odds and starting Thursday, all the golfers in the U.S. Open are at par and playing against the golf course.
Read Also: <a href="https://www.benzinga.com/news/22/04/26581052/cinderella-story-not-quite-but-scottie-schefflers-masters-win-adds-to-incredible-run-of-success-in-2">Cinderella Story? Not Quite, But Scottie Scheffler&#8217;s Masters Win Adds To Incredible Run Of Success In 2022</a>
Betting Odds: The U.S. Open kicks off Thursday and coverage will be provided by Comcast Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) via television on USA and NBC and streaming on Peacock. Thursday's opening round kicks off at 6:30 a.m. ET and goes to 8 p.m. ET with Sunday's coverage going from 9 a.m. to 7 p.m. ET.
Scheffler begins his round Thursday at 1:25 p.m. ET.
At sportsbook DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), Scheffler is the betting favorite at +275, significantly ahead of Bryson DeChambeau (+75O), Jon Rahm (+1,200) and Rory McIlroy (+1,200), who round out the top four picks.
According to <a href="https://x.com/DavidPurdum/status/1932817555623719110">ESPN</a>, there have been more bets on Scheffler winning than all other golfers combined at ESPN Bet, which is operated by PENN Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>).
Scheffler, being a heavy favorite, puts him in similar company to Tiger Woods. The golfer has been the favorite or co-favorite for 11 consecutive major golf tournaments, which is the third-largest streak in the past 40 years as <a href="https://www.actionnetwork.com/golf/tiger-territory-scottie-schefflers-historic-odds-at-2025-u-s-open">reported </a>by Action Network. Scheffler trails only two streaks by Woods for the longest streak.
Scheffler has had odds of +275 or lower five times and won two of those five tournaments.
On the current PGA Tour <a href="https://www.pgatour.com/player/46046/scottie-scheffler/results">season</a>, Scheffler has three wins from 12 events, nine top 10 finishes, 12 top 25 finishes and made the cut in all 12 tournaments.
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<li><a href="https://www.benzinga.com/general/sports/25/04/44803388/rory-mcilroys-masters-win-good-for-golf-bad-for-sportsbooks-bettors-backing-golfer-to-win-more-majors">Rory McIlroy&#8217;s Masters Win Good For Golf, Bad For Sportsbooks: Bettors Backing Golfer To Win More Majors</a></li>
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Sports Betting

Sports

DKNG

PENN

Scottie Scheffler Is The US Open Betting Favorite: Just Don't Ask Him For A Refund On Venmo If He Loses

President Donald Trump's upcoming birthday bash comes with tanks, troops—<a href="https://www.benzinga.com/topic/donald-trump">and no primetime</a>.
What Happened: A $45-million military parade in Washington D.C. to celebrate <a href="https://www.benzinga.com/markets/25/05/45184301/us-armys-250th-anniversary-parade-to-coincide-with-trumps-79th-birthday">the Army's 250th anniversary</a>—and Trump's 79th birthday on June 14—won't air on any major broadcast networks, as top media outlets prioritize sports and streaming.
Unlike events like <a href="https://www.benzinga.com/general/entertainment/25/01/43139381/how-many-people-watched-donald-trumps-2025-inauguration-spoiler-less-than-biden-four-years-ago">Trump&#8217;s inauguration in January</a>, the president's military parade will be relegated to streaming platforms and off-broadcast television for major media networks.
ABC News, which is a unit of The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), will cover the parade on its ABC News Live streaming platform Saturday, Variety <a href="https://variety.com/2025/tv/news/trump-military-parade-tv-news-coverage-cbs-nbc-abc-1236425125/">reported</a>.
Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) will utilize its NBC News Now streaming outlet to cover the event instead of its NBC broadcast channel.
Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>) will cover the event on its CBS News 24/7 streaming network.
Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) will also keep coverage off its FOX channel. Instead, it will utilize the right-leaning Fox News Channel, which will have four hours of special coverage from 6 p.m. ET to 10 p.m. ET.
Many media companies are choosing to air regularly scheduled programming over the parade.
Disney's ABC broadcast channel has the UFL Championship game Saturday night during the parade window. Comcast's NBC has US Open Golf coverage. CBS plans to air local programming, evening news and regularly scheduled programming. FOX has Major League Baseball coverage.
Along with the broadcast television sports coverage, there will also be Game 5 of the <a href="https://www.benzinga.com/news/sports/25/06/45783102/canadas-32-year-stanley-cup-drought-could-end-in-2025-oilers-vs-panthers-odds-schedule-how-to-watch">Stanley Cup Finals</a> taking place 8 p.m. ET during the parade time window. The NHL game will air on TNT and truTV and stream on MAX, which are all owned by Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>).
Read Also: <a href="https://www.benzinga.com/news/politics/25/06/45845332/musk-vs-trump-poll-says-this-is-the-person-to-support-in-feud-while-near-majority-say-they-would-publicly-support-neither">Musk Vs. Trump: Poll Says This Is The Person To Support In Feud, While Near Majority Say They Would Publicly Support Neither</a>
Why It's Important: Whether viewers tune into streaming coverage of the parade remains to be seen. The Army expects up to 200,000 people to attend and estimates it&#8217;ll <a href="https://apnews.com/article/military-parade-army-trump-birthday-veterans-0912f4009b4d9fc157b35bb9edf9375a">cost</a> taxpayers up to $45 million — a <a href="https://www.dailymotion.com/video/x9l5srk">price Trump called &#8220;peanuts.&#8221;</a>
Portions of Washington, D.C., will be closed for the event, which will feature heavy-duty army vehicles, aircraft, military members and a fireworks show at 9:45 p.m. ET.
Given the lack of coverage by broadcast television and the parade&#8217;s competition with several sporting events, viewership for the parade will likely be low. It will likely become a political talking point for those not supporting the current administration.
<a href="https://www.benzinga.com/general/entertainment/25/01/43139381/how-many-people-watched-donald-trumps-2025-inauguration-spoiler-less-than-biden-four-years-ago">Viewership for Trump's inauguration</a> was 24.5 million, less than the 33.8 million who tuned in for President Joe Biden's inauguration in 2021. It&#8217;s also down from the 30.6 million that watched Trump's first-term inauguration in 2017. Viewers watching on streaming platforms like Rumble Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) weren't included in the final tally.
The parade on Saturday comes as<a href="https://www.benzinga.com/news/politics/25/06/45851810/trump-supports-arrest-of-california-governor-gavin-newsom-as-us-deploys-700-marines-to-los-angeles"> protestors in California</a> and other regions of the country bring attention to Trump&#8217;s <a href="https://www.benzinga.com/news/events/25/06/45878983/us-cities-brace-for-escalating-immigration-protests-los-angeles-enforces-curfew-national-guard-deployed-amid-trump-crackdown">immigration crackdown</a> and use of the National Guard. Trump <a href="https://x.com/atrupar/status/1932479661386145833">warned</a> protestors who want to come out to Washington, D.C., that "they will be met with very heavy force.&#8221;
The U.S. Constitution protects the right to peacefully protest.
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Image: Shutterstock

Politics

FOXA

PARA

PARAA

Airtime Denied: Trump B-Day, Military Parade Gets Streaming Treatment

<a href="https://www.nytimes.com/2025/06/11/business/media/disney-universal-midjourney-ai.html" title="https://www.nytimes.com/2025/06/11/business/media/disney-universal-midjourney-ai.html">https://www.nytimes.com/2025/06/11/business/media/disney-universal-midjourney-ai.html</a>
<a href="https://www.nytimes.com/2025/06/11/business/media/disney-universal-midjourney-ai.html" title="https://www.nytimes.com/2025/06/11/business/media/disney-universal-midjourney-ai.html">https://www.nytimes.com/2025/06/11/business/media/disney-universal-midjourney-ai.html</a>

'Disney and Universal Sue A.I. Firm for Copyright Infringement' -New York Times

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector.
<h3 class="wp-block-heading">Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>)</h3>
<ul class="wp-block-list">
<li>Dividend Yield: 3.71%</li>
<li>Rosenblatt analyst Barton Crockett maintained a Neutral rating with a price target of $36 on April 28, 2025. This analyst has an accuracy rate of 73%.</li>
<li>Morgan Stanley analyst Benjamin Swinburne maintained an Equal-Weight rating and cut the price target from $38 to $37 on April 25, 2025. This analyst has an accuracy rate of 77%.</li>
<li>Recent News: On Monday, Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) and Comcast finally resolved their years-long dispute over Hulu, with former agreeing to pay an additional sum to acquire Comcast&#8217;s remaining stake in the streaming platform.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to latest <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0611">CMCSA news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0611"><img loading="lazy" decoding="async" width="907" height="841" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11073916/image-158.png" alt="" class="wp-image-945988" style="width:599px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11073916/image-158.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11073916/image-158-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11073916/image-158-768x712.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<h3 class="wp-block-heading">Omnicom Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>)</h3>
<ul class="wp-block-list">
<li>Dividend Yield: 3.82%</li>
<li>JP Morgan analyst David Karnovsky maintained an Overweight rating and slashed the price target from $116 to $104 on April 16, 2025. This analyst has an accuracy rate of 73%.</li>
<li>Citigroup analyst Jason Bazinet reinstated a Buy rating with a price target of $103 on April 15, 2025. This analyst has an accuracy rate of 72%.</li>
<li>Recent News: On April 15, Omnicom Group reported worse-than-expected first-quarter revenue results.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest OMC <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0611">news </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0611"><img loading="lazy" decoding="async" width="910" height="832" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11073950/image-159.png" alt="" class="wp-image-945989" style="width:595px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11073950/image-159.png 910w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11073950/image-159-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11073950/image-159-768x702.png 768w" sizes="(max-width: 910px) 100vw, 910px" /></a></figure>
<h3 class="wp-block-heading">AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>)</h3>
<ul class="wp-block-list">
<li>Dividend Yield: 3.91%</li>
<li>Tigress Financial analyst Ivan Feinseth maintained a Buy rating and raised the price target from $32 to $34 on April 29, 2025. This analyst has an accuracy rate of 75%.</li>
<li>Scotiabank analyst Maher Yaghi maintained a Sector Outperform rating and increased the price target from $29 to $29.5 on April 24, 2025. This analyst has an accuracy rate of 72%.</li>
<li>Recent News: AT&amp;T expanded nation&#8217;s largest fiber network, now reaching more than 30 million fiber locations.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0611">latest T news</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0611"><img loading="lazy" decoding="async" width="905" height="847" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11074022/image-160.png" alt="" class="wp-image-945991" style="width:590px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11074022/image-160.png 905w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11074022/image-160-300x281.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11074022/image-160-768x719.png 768w" sizes="(max-width: 905px) 100vw, 905px" /></a></figure>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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</figure>
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Photo via Shutterstock

Wall Street's Most Accurate Analysts Spotlight On 3 Tech And Telecom Stocks Delivering High-Dividend Yields

As of June 10, 2025, two stocks in the communication services sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="ttps://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>)</h3>
<ul class="wp-block-list">
<li>On June 10, Walt Disney and Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) finally resolved their years-long dispute over Hulu, with former agreeing to pay an additional sum to acquire Comcast&#8217;s remaining stake in the streaming platform. Disney announced it would pay Comcast $439 million to complete the acquisition of the remaining 33% stake in Hulu, reported The Hollywood Reporter. Disney CEO Bob Iger said, &#8220;Completing the Hulu acquisition paves the way for a deeper and more seamless integration of Hulu&#8217;s general entertainment content with Disney+ and, soon, with ESPN&#8217;s direct-to-consumer product, providing an unrivaled value proposition for consumers.&#8221; The company's stock jumped around 5% over the past month and has a 52-week high of $118.63.</li>
<li>RSI Value: 74.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>DIS Price Action: Shares of Disney gained 1.6% to close at $115.66 on Monday.</li>
<li>Edge Stock Ratings: 63.05 Momentum score with Value at 53.11. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/quote/dis"><img loading="lazy" decoding="async" width="428" height="172" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10070935/image-138.png" alt="" class="wp-image-944523" style="width:311px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10070935/image-138.png 428w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10070935/image-138-300x121.png 300w" sizes="(max-width: 428px) 100vw, 428px" /></a></figure>
<h3 class="wp-block-heading">Globalstar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NASDAQ">GSAT</a>)</h3>
<ul class="wp-block-list">
<li>On May 8, Globalstar reported worse-than-expected first-quarter EPS and revenue. The company reaffirmed its FY2025 revenue guidance of $260–$285 million with a 50% EBITDA margin. CEO Paul Jacobs cited the launch of Globalstar&#8217;s two-way satellite IoT solution and leadership additions as steps toward growth in private wireless and wholesale capacity. The company's stock gained around 14% over the past five days and <a href="https://www.benzinga.com/quote/GSAT">has a 52-week high</a> of $23.63.</li>
<li>RSI Value: 71.2</li>
<li>GSAT Price Action: Shares of Globalstar gained 6.5% to close at $21.19 on Monday.</li>
</ul>
BZ Edge Rankings: Find out where other stocks stand—<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">explore the full comparison now</a>. 
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Photo via Shutterstock

Short Ideas

GSAT

Top 2 Tech And Telecom Stocks You May Want To Dump In Q2

On Monday, Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) and Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) finally resolved <a href="https://www.benzinga.com/general/entertainment/24/05/38659352/disney-comcast-seek-advisor-to-figure-out-how-much-hulu-is-really-worth-report">their years-long dispute</a> over Hulu, with former agreeing to pay an additional sum to acquire Comcast's remaining stake in the streaming platform.
What Happened: Disney announced it would pay Comcast $439 million to complete the acquisition of the remaining 33% stake in Hulu, <a href="https://www.hollywoodreporter.com/business/digital/hulu-value-revealed-disney-completes-deal-comcast-1236260404/">reported</a> The Hollywood Reporter.
The companies had agreed in 2023 to a minimum price of $8.61 billion, but differing views on <a href="https://www.benzinga.com/general/entertainment/23/10/35234574/comcast-disney-appoint-morgan-stanley-jpmorgan-to-determine-hulus-worth-as-sale-process-adv">Hulu's total valuation</a> led to a lengthy appraisal process.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/45830549/pierre-ferragu-takes-apple-to-task-for-dismissing-the-ai-revolution-has-its-head-in-the-sand" target="_blank" rel="noreferrer noopener">Pierre Ferragu Takes Apple To Task For Dismissing The AI Revolution: ‘Has Its Head In The Sand&#8217;</a>
Comcast had argued Hulu was worth significantly more and sought an additional $5 billion, while Disney maintained the floor price was fair.
The final deal amount indicates the valuation landed much closer to Disney's position.
The acquisition is expected to be finalized by July 24, 2025.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: The move strengthens <a href="https://www.benzinga.com/general/entertainment/24/06/39514678/disney-antitrust-suit-over-hulu-espn-ownership-moves-forward">Disney's competitive position</a> in the crowded streaming landscape as it combines Hulu content with Disney+ and prepares to expand ESPN's digital offerings.
In a statement, Disney CEO Bob Iger said, "Completing the Hulu acquisition paves the way for a deeper and more seamless integration of Hulu's general entertainment content with Disney+ and, soon, with ESPN's direct-to-consumer product, providing an unrivaled value proposition for consumers."
Comcast also issued a statement, saying, "Hulu was a great start for us in streaming that generated nearly $10 billion in proceeds for Comcast and created an important audience for NBCUniversal's world-class content."
Price Action: Disney shares rose 1.55% on Monday, closing at $115.66, while Comcast slipped 0.29% to $34.60, according to <a href="http://pro.benzinga.com/">Benzinga Pro data</a>.
Benzinga's Edge Stock Rankings highlight a positive price trend for Disney across the short, medium, and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed metrics are available here</a>.
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Photo Courtesy: Top_CNX on Shuttertsock.com
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disney Will Pay Comcast $439 Million To Seal Hulu Deal, Ending Years-Long Streaming Power Struggle

Steph Curry's house-of-brands conglomerate Thirty Ink generated $173.5 million in revenue in 2024, the company told <a href="https://www.cnbc.com/2025/06/04/steph-currys-thirty-ink-generated-174-million-in-2024-revenue.html">CNBC</a> on Wednesday.
Thirty Ink owns Unanimous Media, Gentleman's Cut bourbon, and Underrated Golf and Basketball. However, the highest percentage of the company's revenue comes from Curry's <a href="http://investor.underarmour.com/news-releases/news-release-details/under-armour-and-stephen-curry-enter-long-term-partnership">partnership with Under Armour </a>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAA#NYSE">UAA</a>, UA)). There, the NBA star is president of Curry Brand, a basketball and golf footwear and apparel line. As a part of the 2023 deal with the sportswear company, Curry was given 8.8 million common shares, which were valued at $75 million at the time.&nbsp;
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The company said that while it incurs annual expenses for using Curry's name, image, and likeness, it doesn't rack up traditional bottom-line operational costs, which allows for its exorbitant earnings.
Thirty Ink's secretary chair, Suresh Singh, told CNBC that every brand under the company's umbrella is profitable. "It's completely unique. One of the big things, I believe, is that there's a lot of athlete- and celebrity-driven partnerships and businesses that aren't necessarily focused on profit, aren't necessarily focused on mission. We do both," he said.&nbsp;
"Obviously, from a national perspective, a lot of the narrative is trying to peel back programs and opportunities that are programs and resources that are allowing people to have just a fair shot and a fair chance," Curry said in an interview with CNBC. "Everything that we do and what I can control is about true equity. If you look at all of our businesses — our DEI writers for Unanimous, or even looking at something like the Underrated brand — it's about creating true representation and opportunity from a grassroots level."
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"All that stuff is important to me. I want to actually walk the walk and live it. And hopefully that's an example for how our country should," he told CNBC.
Thirty Ink's <a href="https://www.thirtyink.com/">mission</a> is to "elevate the under" according to its website, a goal that manifests differently for every brand. Unanimous Media co-founder and co-CEO Eric Peyton told CNBC that it looks like hiring diverse writers to create projects about family, faith and sports. "[Curry's] vision is to inspire through media," he said. It's really a feeling when you watch our projects, hopefully you're a little bit happier, you know, maybe it makes you feel a little bit better."
Unanimous Media is currently four years into a first-look deal with Comcast's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) NBC Universal unit. Next year, it will release its first full-length feature film, "GOAT," with Sony Pictures Animation.&nbsp;
With Gentlemen's Cut and Underrated Golf and Basketball, that mission expresses itself as a commitment to DEI. Gentlemen's Cut was in talks with a buyer who wanted to feature Black-owned businesses, in 2024. The Trump administration's crackdown on DEI squashed the deal, but it would have valued the business between $120 million and $200 million, a source told CNBC. Underrated Golf, according to the company's website, is specifically designed to give Black children an opportunity to participate in a sport that hasn't historically catered to them.
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Steph Curry's Thirty Ink Generates $174 Million In 2024, 'It's About Creating True Representation And Opportunity From A Grassroots Level'

On November 1, 2023, a subsidiary of NBC Universal (collectively with its subsidiaries, "NBCU") provided notice to a subsidiary of The Walt Disney Company (collectively with its subsidiaries, "Disney") of its exercise of its right under a put/call arrangement to require Disney to purchase NBCU's 33% interest in Hulu, LLC ("Hulu") at a value based on NBCU's equity ownership percentage of the greater of Hulu's equity fair value, determined pursuant to a contractual appraisal process, or a guaranteed floor value of $27.5 billion (the "guaranteed floor value"). In December 2023, Disney paid NBCU approximately $8.6 billion, which reflected the guaranteed floor value less NBCU's unpaid capital call contributions.
During the initial phase of the appraisal process, Disney's appraiser arrived at a valuation below the guaranteed floor value, while NBCU's appraiser arrived at a valuation substantially in excess of the guaranteed floor value. The final equity fair value, which was completed on June 9, 2025, takes into account the valuation of a third appraiser, which if it had been equal to or below the guaranteed floor value would have resulted in no additional amount payable to NBCU and if it had been consistent with the NBCU's appraiser's valuation would have resulted in an additional amount of approximately $5 billion payable to NBCU as its share of the difference between the equity fair value and the guaranteed floor value.
Pursuant to the contractual appraisal process that was completed on June 9, 2025, an additional $438.7 million is payable by Disney to NBCU to purchase NBCU's interest in Hulu.
This amount will be recorded in "Net income attributable to noncontrolling interests" and thus reduce "Net income attributable to Disney" in our Condensed Consolidated Statements of Income for our fiscal third quarter. This amount is also expected to be excluded when Disney reports Adjusted EPS, the non-GAAP measure representing diluted earnings per share excluding certain items, and therefore is not expected to impact Disney's previous guidance on fiscal 2025 Adjusted EPS.

Disney To Pay Additional $438.7M To NBCUniversal Following Completion Of Hulu Equity Appraisal Process, Finalizing Purchase Of NBCU's 33% Stake; Payment To Be Recorded As Noncontrolling Interest Charge And Excluded From Adjusted EPS Guidance For Fiscal 2025

Comcast's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NYSE">CMCSA</a>) short percent of float has risen 3.27% since its last report. The company recently reported that it has 58.62 million shares sold short, which is 1.58% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.75 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Comcast Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749477627_0_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Comcast has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Comcast's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Comcast's peer group average for short interest as a percentage of float is 13.42%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Is the Market Bullish or Bearish on Comcast?

Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) has announced its plan to divide into two separate public entities by next year. The stock surged 8.86% in Monday pre-market.
What Happened: The media giant announced on Monday that it will divide into two entities: one focused on streaming and studios—housing its film assets and HBO Max—and another dedicated to global networks, including CNN, TNT Sports, and Discovery, among other brands.
CEO David Zaslav will lead the streaming and studios division, while current CFO Gunnar Wiedenfels is set to become CEO of the global networks unit. The separation is anticipated to be completed by mid-2026.
&#8220;By operating as two distinct and optimized companies in the future, we are empowering these iconic brands with the sharper focus and strategic flexibility they need to compete most effectively in today's evolving media landscape,&#8221; Zaslav stated.
The announcement confirms earlier reports about a possible company split, following a December restructuring seen as a step in that direction. It coincides with Comcast&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) move to spin off its cable networks, including CNBC, into a new public company called Versant.
SEE ALSO: <a href="https://benzinga.com/crypto/cryptocurrency/25/06/45832095/is-dogecoin-price-set-to-soar-analyst-predicts-explosive-rally-ahead-amid-correction" target="_blank" rel="noreferrer noopener">Is Dogecoin Price Set To Soar? Analyst Predicts Explosive Rally Ahead Amid Correction &#8211; Benzinga</a>
Why It Matters: The split announcement follows a series of significant events for Warner Bros. Discovery. In May 2025, the company reported a 9% decline in quarterly revenue to $8.98 billion, missing analyst consensus <a href="https://www.benzinga.com/general/entertainment/25/05/45327859/warner-bros-streaming-growth-cost-cuts-highlighted-analysts-stay-cautious">estimates</a>.
Furthermore, in June, an internal reorganization and an S&amp;P <a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/06/45731052/warner-bros-debt-downgrade-is-an-ironically-positive-event-analyst">debt downgrade</a>, viewed as an &#8220;ironically positive&#8221; event, were said to have increased WBD&#8217;s strategic flexibility. This strategic flexibility could be a driving factor behind the company&#8217;s decision to split.
Benzinga's Edge Rankings place Warner Bros. Discovery in the 34th percentile for value and the 66th percentile for momentum, reflecting its mixed performance. Check the detailed report <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a>. 
On a year-to-date basis, Warner Bros stock declined 7.88%.
<ul class="wp-block-list">
<li>READ MORE: <a href="https://benzinga.com/markets/macro-economic-events/25/06/45831613/collapse-in-immigration-poses-a-bigger-economic-threat-than-trumps-tariffs-warns-de" target="_blank" rel="noreferrer noopener">&#8216;Collapse In Immigration&#8217; Poses A Bigger Economic Threat Than Trump&#8217;s Tariffs, Warns Deutsche Bank: &#8216;Negative Supply Shock Is Not Good News For A Currency&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Warner Bros. Stock Surges Nearly 9% In Monday Pre-Market: What's Going On?

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Elon Musk amplified a cost-cutting move by President Donald Trump's Department of Government Efficiency (DOGE) on Wednesday, stating that the U.S. government may be wasting $100 million a year on inactive phone lines.
What Happened: In a post on X, formerly Twitter, DOGE's official handle revealed that an internal audit found 198 out of 1,048 phone lines at the U.S. Office of Personnel Management (OPM) were either unused or duplicated — roughly 19% of the total.
DOGE said canceling the lines took one hour and would save around $100,000 annually.
"Since OPM is ~0.1% of the federal government, this suggests that ~$100M/yr is wasted on unused lines," the agency wrote.
See Also: <a href="https://www.benzinga.com/media/25/05/45534314/elon-musk-just-got-grilled-on-doge-spending-hits-back-with-were-not-kings-here">Elon Musk Just Got Grilled On DOGE Spending, Hits Back With &#8216;We&#8217;re Not Kings Here&#8217;</a>
Musk, who helped lead DOGE's early initiatives but announced <a href="https://www.benzinga.com/25/05/45381782/elon-musk-vows-to-spend-less-time-in-white-house-doge-office-investors-warn-the-damage-is-done-and-teslas-troubles-are-far-from-over">plans to reduce</a> his involvement during <a href="https://www.benzinga.com/news/earnings/25/04/44937440/tesla-q1-misses-estimates-as-tariff-pressures-weigh-on-outlook-lower-cost-evs-still-on-track">Tesla's first-quarter earnings call</a>, reposted the update and added:
"Government is wasting about $100 million per year on unused phone lines!"
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Government is wasting about $100 million per year on unused phone lines! <a href="https://t.co/UZQflu9jhl">https://t.co/UZQflu9jhl</a>
&mdash; Kekius Maximus (@elonmusk) <a href="https://twitter.com/elonmusk/status/1925367674894270940?ref_src=twsrc%5Etfw">May 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
This latest move by DOGE could impact leading telecom providers that deliver services to both residential and business customers.
Only 2% of U.S. adults use landlines exclusively, according to a 2023 <a href="https://www.washingtonpost.com/business/2023/06/23/landline-telephone-holdouts/">report</a> by The Washington Post. In 2019, the Federal Communications Commission scrapped requirements that made it compulsory to run copper wires to each home. The report noted that Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) is the dominant landline player in the Northeast of the country.
Photo courtesy: Joshua Sukoff / Shutterstock.com
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Government

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Elon Musk Wants The US Government To Hang Up The Phone: 'Government Is Wasting About $100 Million Per Year On Unused Phone Lines'

<a href="https://www.wsj.com/business/media/nbcuniversal-bids-for-mlb-rights-espn-dropped-a98e16c5?msockid=21c662101c496b42343370ae1de86aaa">https://www.wsj.com/business/media/nbcuniversal-bids-for-mlb-rights-espn-dropped-a98e16c5?msockid=21c662101c496b42343370ae1de86aaa</a>

General

'NBCUniversal Bids for MLB Rights ESPN Dropped'- WSJ

Game shows have remained incredibly popular with television viewers over the years and one of the reasons that new shows <a href="https://www.benzinga.com/general/entertainment/24/05/38860861/amazon-betting-on-game-shows-for-streaming-growth-mrbeast-travis-kelce-pop-culture-jeopardy">keep getting launched</a> by media and streaming companies.
For all the people who have played along to a trivia game like "Jeopardy!" at home and answered questions for $0, there's a new game show that could make it pay to watch along.
What Happened: NBC, a unit of Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>), will soon air &#8221; Win-Win," a new trivia game that could <a href="https://www.benzinga.com/general/entertainment/24/03/37809533/mrbeast-confirms-beast-games-on-amazon-prime-video-with-1-000-contestants-5m-prize-its-gonn">change game shows.</a>
The trivia show will see 40 people answer trivia questions "based on a unique nationwide survey." Viewers at home watching the show can play along through an app and win prizes alongside the players on screen.
"Win Win" is based on a format from Hello Dolly, a production company, <a href="https://www.hollywoodreporter.com/tv/tv-news/nbc-game-show-viewer-prizes-win-win-1236222491/">according </a>to the Hollywood Reporter. A version of the show will debut on ITV in the United Kingdom.
NBCUniversal has secured the licensing rights to the show internationally, with the NBC version likely up first.
"Win Win is a fresh, high-stakes format that delivers on its name by giving viewers and contestants alike the chance to walk away winners," NBC executive VP unscripted programming Sharon Vuong said.
Read Also: <a href="https://www.benzinga.com/news/25/05/45458444/mrbeast-teases-two-more-seasons-of-beast-games-after-losing-millions-ideally-dont-lose-8-figures">MrBeast Teases Two More Seasons Of &#8216;Beast Games&#8217; After Losing Millions: &#8216;Ideally Don&#8217;t Lose 8 Figures&#8217;</a>
Why It's Important: If people like watching game shows and people like winning money, the concept of "Win Win" would appear to be an early hit among viewers.
"This is exactly the type of format that defines our ambitions as a studio," Universal Television Alternative Studio President Toby Gorman said.
Gorman said the unique viewing experience could keep "audiences on the edge of their seat."
For Comcast and Universal, this could drive higher live viewership, as audiences will need to tune in during the original broadcast to participate. The company may also benefit from increased app downloads, creating opportunities for cross-promotion and targeted advertising.
Read Next: 
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</ul>
Photo: CandyRetriever/Shutterstock

Think You're A Trivia Whiz? NBC's 'Win Win' Pays You To Play From Home

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