Warner Bros. Discovery, a company led by David Zaslav (1960), is planning a new move that will shake up the sports streaming market: it will offer live sports at no additional cost on its Max streaming service for a short time. With that, it will compete against big companies like ESPN+, YouTube TV, and Apple TV+. (TA)
They all wear the same socks
For athletes, socks are the key to comfort, and in Santa Fe, the members don’t seem to leave them to chance, as all the players and even the coaching staff have decided to wear them. Socks FC announced that it has signed a commercial agreement with the Colombian team to receive exclusive training rights. (HH)
The strategy to continue consuming
With inflation rising in the region, consumers now have 25% less purchasing power, but they have reduced their spending by just 1% compared to two years ago, according to Kantar. The strategy of continuing to consume, according to the company, is based on limiting the ticket, looking for more channels and slightly reducing the volume of each category to maintain the number of categories purchased. (CS)
Flights between the US and Cuba have been suspended
It was revealed that three US airlines had applied to the Department of Transportation for an exemption from inactivity on several routes due to low demand for travel between the US and Cuba. JetBlue requested a three-year extension of inactivity for 20 weekly flights, Delta a waiver from October 29, 2023 to March 2024, and United Airlines is closing the Newark-Havana route with no return. (AG)
Criticism of the corporation
Amid the Colcap’s historic crash, the light at the end of the tunnel for some analysts is the integration between the Colombian, Chilean and Peruvian stock markets. However, after getting to know the board of directors, criticism arose. Several economists have denied that not a single woman has been named among the 16 people from three countries who will be on the governing body of the regional holding. (CR)
Fewer fintechs go public
In the first half of the year, only nine fintech initial public offerings (IPOs) were carried out worldwide. According to a report by CB Insights, that’s 50% less than the same period in 2022 (18). No US-based fintech company went public in the second quarter of the year. Of the five IPOs that took place during this period, four were from Asia-based fintechs. (XBS)
Would Egan switch teams in 2024?
Egan Bernal (1997) continues to compete in the Tour of Spain and has been able to return to the level he was before the accident that almost disabled him. Sources in Europe say that Movistar is keen to hire the Colombian broker’s services, even though the latter has a contract with Ineos until 2026. From Movistar they recently see him as the key to their project. (CJ)
Restructuring in progress
Alsea, the group led in Colombia by Juan Pablo Castaño (1975) and operating brands like Domino’s, Starbucks and Archie’s to name a few, is in the midst of a South Cone restructuring plan. These projects will not only determine how the operation will develop in the region and what expansion plans it has, but also determine who will be represented on the executive board. (JL)
