Latest news with #Collision
Yahoo
2 days ago
- Business
- Yahoo
AEW CEO Tony Khan: The breakup of Warner Bros. Discovery won't affect our business
The looming breakup of struggling TV player Warner Bros. Discovery (WBD) won't bodyslam All Elite Wrestling's (AEW) business, says CEO Tony Khan. "We have great relationships with everybody at the top, both on global networks and streaming and studios," Khan told Yahoo Finance at the Cannes Lions International Festival of Creativity on Tuesday (watch above). "Mr. Zaslav [CEO David Zaslav] himself put our deal together. Gunnar [CFO Gunnar Wiedenfels], who will be running global networks, also was very involved in our deal." Warner Bros. Discovery said this month it will split up amid the shift to streaming that's financially hammering its legacy TV assets. The company joins rival Comcast (CMCSA) in separating TV operations from streaming assets. Last October, AEW and Warner Bros. Discovery signed a multiyear media rights deal for a reported $185 million annually. The wrestling league's two weekly shows, 'Dynamite' and 'Collision,' air on Warner Bros. Discovery's TBS and TNT networks. As part of the new deal, AEW's programming began streaming on Max for US subscribers in January. AEW was launched in 2019 by Tony Khan, a longtime wrestling fan, and his father, Shad Khan. The promotion represented the first credible rival to the WWE since WCW folded in 2001. Shad and Tony Khan are co-owners of the NFL's Jacksonville Jaguars and Premier League soccer team Fulham FC. AEW debuted with an impressive roster of talent, led at the time by former WWE star Cody Rhodes. While Rhodes has since returned to the WWE, the league has maintained a roster of top talent, including former WWE stars Jon Moxley and Bryan Danielson. Besides the big media breakups, the operating landscape for AEW is ever-shifting. In September 2023, Endeavor completed a $21 billion merger between WWE and UFC, forming TKO Group (TKO). Netflix (NFLX) began exclusively streaming WWE's flagship Raw show in January as part of a $5 billion, 10-year rights deal. Speculation has since surfaced that TKO Group may look to unload WWE. Meanwhile, the competition for eyeballs has never been fiercer as Gen Z spends outsized time on platforms such as YouTube and Spotify. "I think they [linear TV networks] still have a strong life. I just don't know how long it is," former BET CEO Debra Lee told Yahoo Finance at Cannes Lions about legacy media. Lee is currently a board member at Warner Bros. Discovery. "The viewing audience is still there," Lee added. "You know, you look at channels like BET or TNT or Discovery, so the audiences are still there. Not everybody wants to be on streaming." Read more from Yahoo Finance's coverage of the Cannes Lions International Festival of Creativity Time CEO on embracing AI: It's better to have a seat at the table X CEO Linda Yaccarino rejects claims of advertiser pressure, touts X Money, other progress under Musk Marriott CEO on summer travel demand: We haven't seen any softness Brian Sozzi is Yahoo Finance's Executive Editor and a member of Yahoo Finance's editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
AEW CEO Tony Khan: The breakup of Warner Bros. Discovery won't affect our business
The looming breakup of struggling TV player Warner Bros. Discovery (WBD) won't bodyslam All Elite Wrestling's (AEW) business, says CEO Tony Khan. "We have great relationships with everybody at the top, both on global networks and streaming and studios," Khan told Yahoo Finance at the Cannes Lions International Festival of Creativity on Tuesday (watch above). "Mr. Zaslav [CEO David Zaslav] himself put our deal together. Gunnar [CFO Gunnar Wiedenfels], who will be running global networks, also was very involved in our deal." Warner Bros. Discovery said this month it will split up amid the shift to streaming that's financially hammering its legacy TV assets. The company joins rival Comcast (CMCSA) in separating TV operations from streaming assets. Last October, AEW and Warner Bros. Discovery signed a multiyear media rights deal for a reported $185 million annually. The wrestling league's two weekly shows, 'Dynamite' and 'Collision,' air on Warner Bros. Discovery's TBS and TNT networks. As part of the new deal, AEW's programming began streaming on Max for US subscribers in January. AEW was launched in 2019 by Tony Khan, a longtime wrestling fan, and his father, Shad Khan. The promotion represented the first credible rival to the WWE since WCW folded in 2001. Shad and Tony Khan are co-owners of the NFL's Jacksonville Jaguars and Premier League soccer team Fulham FC. AEW debuted with an impressive roster of talent, led at the time by former WWE star Cody Rhodes. While Rhodes has since returned to the WWE, the league has maintained a roster of top talent, including former WWE stars Jon Moxley and Bryan Danielson. Besides the big media breakups, the operating landscape for AEW is ever-shifting. In September 2023, Endeavor completed a $21 billion merger between WWE and UFC, forming TKO Group (TKO). Netflix (NFLX) began exclusively streaming WWE's flagship Raw show in January as part of a $5 billion, 10-year rights deal. Speculation has since surfaced that TKO Group may look to unload WWE. Meanwhile, the competition for eyeballs has never been fiercer as Gen Z spends outsized time on platforms such as YouTube and Spotify. "I think they [linear TV networks] still have a strong life. I just don't know how long it is," former BET CEO Debra Lee told Yahoo Finance at Cannes Lions about legacy media. Lee is currently a board member at Warner Bros. Discovery. "The viewing audience is still there," Lee added. "You know, you look at channels like BET or TNT or Discovery, so the audiences are still there. Not everybody wants to be on streaming." Read more from Yahoo Finance's coverage of the Cannes Lions International Festival of Creativity Time CEO on embracing AI: It's better to have a seat at the table X CEO Linda Yaccarino rejects claims of advertiser pressure, touts X Money, other progress under Musk Marriott CEO on summer travel demand: We haven't seen any softness Brian Sozzi is Yahoo Finance's Executive Editor and a member of Yahoo Finance's editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email
Cision Canada
2 days ago
- Business
- Cision Canada
Airfairness Launches AI Flight Compensation Tool After Acquiring Weekend-Built Startup via LinkedIn
Collision 2024's #1 Startup to Watch in 2025 Moving Fast toward launch of Groundbreaking Flight Delay Compensation Platform TORONTO, June 18, 2025 /CNW/ - Following a splash at last year's Collision tech conference and selection as the #1 startup to watch in 2025, airfairness is launching the public-facing component of its next-generation, first-of-its-kind platform, the Flight Navigator. This AI-powered tool offers a faster, smarter method for air travellers to determine whether they are eligible for flight compensation in less than two minutes. The Flight Navigator makes it simple for passengers to build their trip and determine what part of their itinerary caused the disruption to their travel plans. With more than $350 million in potential compensation every day, the tool helps travellers claim what they're owed. It checks the fine print against international passenger rights legislation, like those in Canada and Europe, and immediately informs passengers if they might be eligible to claim up to $1,000 each in compensation. "When a flight has been delayed or cancelled, it's bad enough. The last thing you want to do is to become a lawyer to see if you are owed compensation," says John Marzo, CEO and Co-founder of airfairness. "The Flight Navigator changes that. It puts clarity and confidence in the hands of the traveller." The launch represents the first milestone in airfairness' ambitious rollout of an end-to-end AI platform aimed at removing the stress, paperwork, and uncertainty from flight delay claims. Subsequent AI-driven features will roll out later this summer, equipping travellers with even greater tools to clarify their rights and receive what they are owed with no back-and-forth and no fine-print surprises. To aid this next stage of growth, airfairness has acquired a New York-based travel tech AI startup founded by Máuhan M. Zonoozy, the former Head of Innovation at Spotify. "AI is ripping at an unprecedented rate, and companies should recalibrate how they think products are built to remain at the bleeding edge," stated Zonoozy. "What used to take a year to build now takes a weekend, a cursor pro account, and a couple upper deckies. This is the future." Zonoozy and his protégé, Chloe Meuse, were inspired by the massive impact of the CrowdStrike outage in July 2024, which stranded millions of airline passengers. Over a single weekend, they built and launched a tool to help passengers. The site quickly caught fire after Zonoozy mentioned it on LinkedIn. The post caught Marzo's eye, and within 11 LinkedIn comments, the value was realized, and the acquisition was closed. This deal strengthens airfairness' ability to navigate aviation data and real-time analytics and decipher complex flight information. Its intelligent tools work together to reveal the real reasons behind delays. "This acquisition fast-tracks our vision to make airfairness the world's smartest passenger rights platform," says David Linardi, CTO and Co-founder. "We're all about fairness, efficiency, and building something passengers can rely on – without needing a law degree." With thousands of travellers compensated and increasing interest from all over the world, airfairness is solidifying its position as a leader in travel tech and consumer protection. The Flight Navigator is now live at — and this is just the beginning.
Business Standard
13-06-2025
- Business
- Business Standard
Kernex Microsystems JV bags Kavach project worth Rs 311 cr
Kernex Microsystems (India) announced that Kernex- VRCC consortium has received letter of acceptances for the following project of Southern Railways, Chennai:1. Provision of Kavach (Train Collision Avoidance System), in MAS-GDR, MAS-AJJ, AJJ-RU, Sections of Chennai Division in Southern Railway for Rs. 173.11 crore (Incl. GST@18%) 2. Provision of Kavach (Train Collision Avoidance System) along with Tower and 48 Fiber OFC as back bone network in ARAKKONAM (AJJ IN)-JOLARPETTAI (JTJ IN) Section of Chennai Division in Southern Railway for Rs. 137.92 Crores (Incl. GST@18%)The Company is partner of the said Joint Venture with a share of 60%. The accepted Bid costs for the projects are Rs. 311.03 crore (Incl. GST@J8%)Powered by Capital Market - Live News
Time of India
11-06-2025
- Entertainment
- Time of India
What is former WWE star Ric Flair's net worth in 2025? Current earnings and more explored
Ric Flair, one of the most iconic names in professional wrestling, remains a household name in 2025. With a career spanning over five decades and countless accolades, Flair's legacy in the squared circle is unparalleled. Tired of too many ads? go ad free now But while his in-ring success is undisputed, fans continue to wonder: what is Ric Flair's net worth in 2025? What is Ric Flair's net worth in 2025 According to Celebrity Net Worth, Ric Flair's estimated net worth in 2025 stands at $500,000. The number may surprise many, considering his status as a 16-time World Champion and two-time WWE Hall of Famer. However, Flair's personal financial journey has seen its share of ups and downs, including legal troubles, medical expenses, and spending habits that he has openly discussed in the past. How does Ric Flair earn his money now? Although retired from active wrestling, Ric Flair remains involved in the industry through media appearances, endorsements, and his presence in All Elite Wrestling (AEW). He was last seen on AEW television in May 2025, paying tribute to his long-time friend Steve 'Mongo' McMichael on Collision. He also earns through endorsement deals. Flair's partnership with Adidas, which began in 2019, led to a merchandise line inspired by his flamboyant wrestling attire. He is also associated with brands like Roots of Fight and Wrestlecon. Flair has stepped into the business world with products that carry his signature style. His 'Ric Flair Drip' cannabis line, launched in collaboration with Mike Tyson, has generated significant buzz. He also owns 'Wooooo! Energy Drink,' a mushroom-based wellness beverage, and operates his own online merchandise store. Beyond wrestling, Flair has made multiple appearances in pop culture. Tired of too many ads? go ad free now From guest roles in TV shows like Baywatch and The Cleveland Show to voice overs in video games and animated series, his recognizable persona continues to resonate. His film appearance in Magic Mike XXL and hosting of the WOOOOO! Nation podcast added to his media profile. Flair, now 76, recently confirmed he is undergoing treatment for skin cancer—his second battle with the disease in three years. Despite health setbacks, he remains active in charity work, supporting children's hospitals and cancer research. From legendary wrestler to cultural icon, Ric Flair's story continues to evolve in 2025. While his net worth may not reflect his immense influence, his legacy - both inside and outside the ring, remains priceless. Also Read:
