Paris, France: The Walt Disney Co. said Wednesday that it had signed a deal with TikTok allowing users of the hugely popular video platform to add extracts of Disney films and characters, in what it billed a "first-of-its-kind agreement". "The agreement will bring creators to the forefront of Disney+, with a curated feed of fan-created content featuring our characters and stories," the entertainment giant said. Details of the content sharing accord were not disclosed in Disney's quarterly earnings statement, which showed a seven percent rise in quarterly revenue to $25.2 billion. But the move is part of its strategy of "Using advanced technologies to power our storytelling and increase monetisation and returns", the company said. It has already introduced vertical video feeds for previews of its Pixar, Marvel and "Star Wars" productions on its Disney+ streaming service, similar to TikTok's scrolling format. Net profit in its financial quarter to June 27 fell to $2.8 billion from $5.9 billion a year earlier, reflecting in part a higher tax bill in the period, but the results were above most analyst forecasts.
Muscat: The official price of Oman crude oil for October delivery dropped on Wednesday by USD 4.35 to USD 79.16 per barrel, compared to Tuesday's price of USD 83.52. The monthly average price for Oman crude oil for August delivery stood at USD 79.09 pb, marking a drop of USD 22.91 from the July delivery price.
Singapore: The US dollar held near six-week lows on Wednesday as currency markets awaited further developments after pressure on the Japanese yen eased. The US dollar index, which tracks the currency against six major peers, was little changed at 99.85, struggling to find direction after hitting a six-week low on Monday. The yen was slightly firmer at 157.60 per US dollar, after easing about 0.4% in the previous session from Monday's high of 155.20. The euro was steady at $1.1533, and sterling traded flat at $1.3458. The kiwi dollar was roughly down 0.3% at $0.5878 after New Zealand's unemployment rate climbed to a decade-high of 5.6% in the second quarter. The Aussie was flat at $0.7053.
Samsung celebrates first sale of latest Galaxy Z Fold8 Series,
Doha, Qatar: Samsung successfully celebrated the First Sale Ceremony of its latest Galaxy Z Fold8 Series and wearables at Safari Abu Hamour, marking another milestone in bringing Samsung’s newest innovations closer to customers in Qatar. The event was attended by...
Oil giant Aramco's profits soar 44 pct as war boosts prices
Riyadh, Saudi Arabia: Oil giant Saudi Aramco reported a 44 percent surge in net profits on Tuesday after the Middle East war sent energy prices soaring. Aramco, the world's biggest oil exporter and engine of the Saudi economy, is the...
Disney signs deal to let TikTok users add film extracts
Paris, France: The Walt Disney Co. said Wednesday that it had signed a deal with TikTok allowing users of the hugely popular video platform to add extracts of Disney films and characters, in what it billed a "first-of-its-kind agreement". "The...
QSE index opens lower
Doha, Qatar: Qatar Stock Exchange (QSE) general index fell 7.03 points, or 0.07%, at the start of Tuesday's trading, down to 10,126 points, under pressure from two sectors. The market data showed declines in the sectors of Banks and Financial...
