On Monday, in the course of current trade, Shares of Alibaba Group Holding Limited (NYSE:BABA), dropped -0.05%, and is now trading at $86.59.
Alibaba Group Holding Limited, said it’s planning to launch a pay to watch video streaming service called Tmall Box Office in China in two months, The Wall Street Journal reports.
“We aim to become [the equivalent of] Time Warner’s (TWX) HBO and Netflix (NFLX) in the U.S.,” Liu Chunning, Alibaba’s Digital Entertainment Unit president said, according to The Journal.
Alibaba will offer the service through a set-top box and smart TVs that carry its operating system.
The service will mostly offer foreign and local films in addition to TV content. Alibaba will also stream its own original content, The Journal said.
Alibaba Group Holding Limited, through its auxiliaries, operates as an online and mobile commerce company in the People’s Republic of China and internationally. It operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers.
During an Afternoon trade, Shares of Morgan Stanley (NYSE:MS), dipped -0.29%, and is now trading at $39.49.
Morgan Stanley Global Sports & Entertainment (GSE) declared that former NFL linebacker Bart Scott and former NBA forward Antoine Walker will serve as consultants for the division, assisting to provide insight to clients and Financial Advisors based on their first-hand experience with the financial opportunities and challenges encountered by professional athletes. In this role, both Walker and Scott are participating in the rollout of GSE programs, counting a financial education program tailored to the unique needs of those in the sports and entertainment fields.
GSE’s consulting relationship with Scott and Walker is part of the division’s commitment to provide experience, tools and resources that assist meet sports and entertainment professionals’ unique wealth administration needs. Their personal experiences with navigating financial issues that come from sudden wealth and careers spanning varied timeframes – together with the social, mental and physical demands of their professions – will complement the experience of GSE’s Financial Advisors, who by virtue of their knowledge and education are designated as Sports and Entertainment Directors.
Both Walker and Scott bring unique sets of experiences to GSE as they led different professional career paths with varying degrees of financial success. On the heels of winning the NCAA Men’s Basketball Championship at the University of Kentucky, Walker was the sixth overall pick in the 1996 NBA Draft. He played 13 seasons in the NBA, was a three-time NBA All-Star and won an NBA Championship with the Miami Heat in 2006. After earning more than $108 million during his career, Walker filed for Chapter 7 bankruptcy two years after retirement. Since then, he has regained footing working as an NBA Analyst for 120 Sports in Chicago. Walker is committed to assisting others avoid the mistakes he made and is teaming up with GSE to tell his story. Scott began his NFL career in 2002 as an undrafted free agent, played 11 seasons and was selected to the 2006 Pro Bowl. After the NFL, Scott embarked on a broadcasting career with CBS Sports starting in 2012.
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide.
Finally, IAMGOLD Corp. (NYSE:IAG), is flat Monday.
Gold prices gained in early Asia on Monday with Greece a prime focus as what appear to be last-ditch talks to avoid missed payments are set to resume.
Greece remains open to finding a deal with lenders and is prepared to bridge a budget gap as demanded by lenders but not by cutting pensions or raising taxes, the deputy prime minister said on Sunday after a breakdown in negotiations, Reuters stated.
IAMGOLD Corporation primarily engages in the exploration, development, and operation of gold mining properties. It also explores for silver and copper deposits.
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