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Raleigh bike brand faces chop after owner begins insolvency proceedings
Accell Group, the Dutch owner of the historic Raleigh bicycle brand, has begun insolvency proceedings after failing to find a buyer, putting the future of the 139-year-old British name in the hands of court-appointed administrators. Raleigh was founded in 1887 and once made a million bicycles a year at its Nottingham factory with more than…
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Tubi Hits 110 Million Monthly Users as Fox Streamer Delivers Highest Revenue Quarter Yet (Exclusive)
Tubi, the free ad-supported streaming service owned by Fox, has surpassed 110 million monthly active users and just posted its highest-revenue quarter to date, according to figures shared exclusively with The Hollywood Reporter. Chief executive Anjali Sud says the milestone validates a decade-long bet on free, ad-supported streaming, arguing that audiences increasingly favour choice and…
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Glen Hansard’s Swell Season Bandmate Markéta Irglová Pays Tribute, Bono Shares Re-Written ‘Beautiful Day’ Lyrics: ‘Big Spirit on a Big Mission’
A day after Glen Hansard was laid to rest in Dublin, his former Swell Season bandmate Markéta Irglová paid tribute to him in a Facebook post, describing him as “a big spirit on a big mission” whose gift she had been honoured to help carry. The Oscar-winning musician, 56, died in an early-morning motorcycle crash…
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Fox Ad Revenue Surges In June Quarter On World Cup
Fox reported a sharp rise in advertising revenue for its fiscal fourth quarter, driven by its broadcast of the FIFA Men’s World Cup, as total company revenue climbed 28% to $4.21 billion for the quarter ending in June. The results underline the commercial value of major live sports rights to traditional broadcasters at a time…
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You’re running out of time to get my all-time favorite Lego Disney set
The Lego Disney Castle set has now retired, so it’ll only be available while stocks last. Here’s why you should consider grabbing it before it’s gone
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One potential breakout star for each Premier League club this season
The Guardian’s Opta Analyst has picked out one young player at each Premier League club who could break through this season, spotlighting emerging talent from academy graduates to recent signings still adapting to English football. The list highlights how clubs are increasingly blending homegrown prospects with promising imports as they look to next-generation stars to…
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Versant In Transition As It Diversifies Business With Strategy Taking Shape In Q2, Stock Pops
Versant, the media company recently spun off from Comcast, reported declining revenue and profit for its second quarter as it reshapes its business through divestitures, acquisitions and new digital ventures. The transitional period included selling SportsEngine, acquiring interactive golf business Full Swing, converting the Fandango ticketing app into an advertising-funded streaming service, and preparing digital…
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Reform pledges to create ‘Turkish barber tip line’ in bid to crack down on illegal workers
Reform UK has announced plans for a so-called “Turkish barber tip line”, encouraging the public to report businesses suspected of employing illegal migrant workers, as part of a wider crackdown on illegal working practices. The policy, unveiled by home affairs spokesperson Zia Yusuf, would require police and trading standards to investigate credible tips and comes…
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Omilia raises $67M to scale its customer support platform
Omilia, an Athens-based customer support automation company founded in 2002, has raised $67 million in a Series B round led by Expedition Growth Capital. The funding comes amid a wave of AI-driven customer service startups such as Sierra, Decagon and Parloa, but Omilia’s chief executive Dimitris Vassos argues that deploying large language models for every…