Watch Club is producing short video dramas and building a social network around them [TechCrunch]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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Source: TechCrunch
dollar industry of apps that churn out formulaic, cringe-worthy content and use aggressive tactics to maximize in-app spending. “Ninety percent of these stories are, ‘I'm a poor girl! I fell in love with a secret billionaire! He's a werewolf, and his mother is a vampire, and she disapproves of me!'” Soong told TechCrunch. “There's a market for that, and we shouldn't laugh at that, but I think this can be so much bigger than just sloppy, AI-adjacent romance soap operas.” Soong's comments are a little combative, but they're not wrong. Competitor ReelShort made $1.2 billion in in-app purchases last year, while DramaBox made $276 million. The quality, he said, is so milquetoast that it could feasibly be made using AI-generated scripts. What would be the earning potential for a microdrama app that makes shows that are actually good and worth talking about? Soong is trying to answer that question with Watch Club, an app with microdrama stories made by SAG and WGA actors and writers
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- Verizon Communications (NYSE:VZ) had its price target raised by analysts at JPMorgan Chase & Co. from $47.00 to $49.00. They now have a "neutral" rating on the stock.MarketBeat
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VZ
Earnings
- 1/30/26 - Beat
VZ
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- 2/2/26 - Form 144
- 1/30/26 - Form 4
- 1/30/26 - Form 4
- VZ's page on the SEC website