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FuboTV DD (First time making DD, please give advice)
I tried to make it easy to skip around if you just want to see the financials or estimates. Just scroll to them if you don't care what the company is or their sectocompetition/management. TL;DR at bottom with final thoughts. Introduction “FuboTV ($FUBO) is an American streaming television service that focuses primarily on channels that distribute live sports, including NFL, MLB, NBA, NHL, MLS and international soccer, plus news, network television series and movies. Launched on January 1, 2015 as a soccer streaming service, FuboTV changed to an all-sports service in 2017 and then to a virtual multichannel video programming distributor (vMVPD) model. As a vMVPD, FuboTV still calls itself sports-first but its expanded channel lineup targets cord cutters, offering a selection of major cable channels and OTT-originated features that can be streamed through smart TVs, mobile and tablets and the web. The service is available in the United States, Canada and Spain as of 2018." From their home page: They are the only competitors in their space of digital sports broadcasting, offer 4K streaming and upscaling of live sports, cloud DVR capability ranging from 250 or 1000 hours on standard plans, and is available on Roku, Apple TV, Amazon Fire TV, Chromecast, Samsung Smart TVs, Xbox One, Android TV, Android Smart TVs, and Android/iOS smartphones and tablets, with plans ranging from $24.99/month to $79.99/month (not including add-ons). They have also recently acquired one company and have made plans to acquire another to allow for in-house sports betting. They have stated in a press release that they plan to release a sportsbook before the end of the year. This will push them into a broader spectrum outside of only TV and sports streaming, and into the sports betting sector along with DraftKings ($DKNG), FanDuel ($PDYPY), and Penn National Gaming ($PENN). Plans and Add-ons FuboTV offers three standardized plans as of February 8, 2021: the Family plan is priced at $64.99/month (normally $75.97/month), Elite at $79.99/month (normally $100.95/month), and Latino Quarterly at $24.99/month, along with offering additional add-ons. Each plan offers a range of channels, cloud DVR capabilities (which allows fast-forwarding through commercials), and casting to multiple devices simultaneously. Only the Elite plan does not offer a 7-day free trial (Channels page). The Family plan includes 117 channels (mostly news and entertainment with roughly 40 that offer sports, including ESPN), up to 250 hours of DVR space, and casting to 3 devices at once. The quarterly prepaid includes a free upgrade to 1000 hours of DVR space and 5 casting devices at home with 3 on the go (Channels page). The Elite plan includes 164 channels (includes an additional “47 entertainment channels”), up to 1000 hours of DVR space, and casting to 5 devices at home with 3 on the go. This plan does not offer a quarterly prepaid (Channels page). The Latino Quarterly plan includes 250 hours of DVR space and can be streamed on up to 3 devices at once, but only has 32 channels. This plan needs to be prepaid every 3 months for a total charge of $74.97 and does not offer a monthly service (Channels page). Upgrades include additional DVR space--1000 hours for an additional $6.99/month for the Family and Latino Quarterly--and increased device casting--an additional 2 devices at home with 3 on the go for another $9.99/month for the Family and Latino Quarterly plans. You can also add a variety of channels and sports packages (the Latino Quarterly has fewer channel add-ons compared to the Family and Elite plans, which both have the same channel varieties). Sports Plus with NFL RedZone is an additional $10.99/month, but includes all professional and college sports broadcasting services for football, basketball, baseball, hockey, tennis, fighting, etc. (Channels page). Fubo has recently removed its former Standard plan, which included only 65 channels, up to 2 casting devices, and only 30 hours of DVR support for $60/month. Financials and Growth Fubo has yet to file an annual report as they have gone public in October of 2020, but they have filed a 10-Q for Q3 2020. All numbers in thousands. Assets- Between December 31, 2019 and September of 2020, assets have increased from $368,225 to $799,313 (a 117% increase) . Total current assets increased from $17,973 to $58,016, but accounts receivable decreased from $8,904 to $6,975--this may be attributed to the increase in prepaid subscriptions which increased from $1,445 to $12,177 which shows strong customer satisfaction and retention. Liabilities- Liabilities have increased from $145,049 to $290,376 (a 100% increase). The largest contributors to their liabilities are “Due to related parties” increasing from $665 to $85,847, “Warrant liabilities” increasing from $24 to $28,085, and “Accounts payable” from $36,373 to $61,679. Long-term borrowings have decreased from $43,982 to $25,905. Revenues- Subscription revenues increased by $53,433, totaling $92,945 for the year. Total revenues including advertisements and licensing have increased by $61,202, totaling $112,669 for the year and an increase of 47% YOY. Q4 revenue is estimated to be between $94,000 and $98,000 which would be a 77-84% increase YOY. Expenses- Subscriber related expenses total $114,315 for the year. Total expenses have totaled $500,249 for the year. Subscribers- Ended Q3 with 455,000 paid subscribers, a YOY increase of 58%, and plans to end 2020 with over 545,000, an increase of 72% YOY. Competition Its closest competitors are Hulu + Live TV (owned by Disney ($DIS)), YouTube TV (owned by Alphabet ($GOOG)), and Sling TV (owned by Dish Network ($DISH)). Hulu + Live TV
Includes league networks
50 hours of free DVR (200 hours for $9.99/month)
More than 74 channels
Unskippable ads on DVR without upgrade to 200 hours
2 streams at a time
$64.99/month
Can add ESPN+ and Disney+ for an additional $7/month
YouTube TV
Includes league networks
Unlimited DVR storage
More than 85 channels plus YouTube Red Originals
3 streams at a time
Sports Plus package for an additional $10.99/month
NBA LeaguePass for an additional $40/month or $119.99 annually
Starting at $64.99/month
Sling TV Blue
Includes league networks
DVR up to 50 hours (200 hours for $5/month)
More than 45 channels
3 streams at a time
Sports Extra package for an additional $11/month
Starting $35/month
Can be combined with Sling TV Orange for a total of $50/month
Sling TV Orange
Includes league networks
DVR up to 50 hours (200 hours for $5/month)
More than 30 channels
1 stream at a time
Sports Extra package for an additional $11/month
Starting at $35/month
Can be combined with Sling TV Blue for a total of $50/month
Merger with FaceBank for $100 million revolving credit
Analysts and Estimates Average analyst ratings put Fubo at a Buy to Strong Buy rating with an average price target of $45.50 with a high of $60 and a low of $30. EPS estimates are estimated to be -5.23 for 2020 and -1.64 for 2021. Currently has a short float of about 75%, but the short volume has been holding at roughly 15-20% over the last month and has drastically declined from its October short volume of over 50%. Originally valued at $700 million less than a year ago, a current valuation of $3.19 billion is respectable for this company and is on par for its current performance. Risks
Marketing fails and Fubo is never known as a household name, so consumers stick with other more known providers
Their sportsbook fails and becomes dead weight and wasted money
Subscriber count and streaming drops as quarantine lifts, reducing revenues while maintaining expenses
Consumers opt for cheaper options
People paying for the sports package cancel when the season is over, creating a boom and bust cycle if not managed correctly
Final Thoughts / TL;DR With its drastic growth over the last year (400% in the last 4 months), support from FaceBank and well-known investors, and plans to join the sports betting sector, FuboTV has potential to become a household name and grow well beyond its current valuation by combining both sports broadcasting and online sports betting into one convenient place. Although unlikely to overthrow any of the current forces, it can become the best live sports broadcaster that people can turn to when they cut cable but want to keep live sports. It has many hurdles to overcome (creating their sportsbook, better marketing, increasing subscriber count, etc.) before it is any real competition to its already established competition. At a $3.19 billion market cap and very high (75%) short interest, it will be very difficult to realize consistent growth, but it is on par for a company with almost $100 million in revenue. My Position 25 shares at $47.30 Edit: edited final thoughts/TL;DR Please provide feedback! First time actually researching and compiling information for a company and not just reading about them on here. Also, please ask questions to clear up any confusion; it was kinda hard to put everything together neatly, so I might have accidentally left stuff out or oveunder explained some things.
Jan/19/2021 news: __ Prominent arms supplier Mr. Davo, MOD, and Army officials charged with embezz. __ Public officials required to disclose transactions __ Tougher drivers' license law __ New settlement in Artsakh __ Drone engineering __ High tech++ __ POW & casualties __ Gambling bust __ more news
Your 12-minute Tuesday report in 2793 words.
NSS investigates corruption in MoD and Army / prominent arms supplier charged
Arms supplier Davit Galstyan, aka Mr. Davo, who acted as former Defense Minister Davit Tonoyan's adviser, has been reportedly charged as part of 4 felony investigations. NSS said: several officials of the Ministry of Defense used their position to reach an agreement with the employees of a number of private companies, including "Moston Engineering" company owned by Mr. Davo. A decision has been made to involve Davo as a defendant. He has been charged with embezzlement. Galstyan goes through 4 felony cases regarding arms supplies made by his company. Evidence was obtained showing that officials from the General Chief of Staff office and Ministry of Defense abused their powers to embezzle at a large scale. https://www.civilnet.am/news/2021/01/19/Դավիթ-Գալստյանին-մեղադրանք-է-առաջադրվել-խոշոր-չափերով-յուրացման-համար-նա-անցնում-է-չորս-քրեական-գործերով/416572 Who is Mr. Davo? His name began circulating in 2007 when Prime Minister Serj Sargsyan ordered the privatization of Defense-related companies "Neytron" and "Bagavan". Both were purchased by an offshore firm managed by Davo in Seychelles Island. He used the companies to form a new company DG Arms which announced plans to produce bullets. In 2009 it accumulated debt and got sued. The UN Security Council wrote a report, stating that Davo's DJ Arms illegally supplied arms to Libya, by using Armenia and other countries. In 2011, Davo transported weapons from Albania to Libya with the help of a company managed by the Albanian Defense Ministry, says the UN Security Council. In 2013, a Ukrainian company decided to sue Davo's company in Armenia for $1.3 million. Several of Davo's properties were frozen. Fast forward to 2018. Pashinyan met Davo to discuss the production of Kalashnikov weapons in Armenia. Davo signed a contract with the Russian Kalashnikov company and opened the factory. Full report in the article: www.civilnet.am/news/2019/02/19/Ո՞վ-է-Հայաստանում-«Կալաշնիկով»-արտադրողը-Լիբիա-մատակարարած-զենքից-մինչև-վճարումներ-Պորոշենկոյի-ընկերությանը/354981
former president Robert Kocharyan & Co trial resumes
Context: Kocharyan (president) and his co-defendants Seyran Ohanyan (chief of general staff), Yuri Khachaturov (deputy MoD), and Armen Gevorgyan (Kocharyan assistant), were charged with toppling the constitution in 2008 by illegally using the military against civilian protesters during a period before the March 1st, 2008 emergency was declared. Kocharyan and his assistant are also charged with large-scale bribery in a case involving a mining businesswoman who testified about the multi-million-dollar bribe allegedly paid by her. The trial has been repeatedly delayed by defendants for almost 2 years under various pretense, at one point prompting prosecutors to ask the court to punish defendants for the delays. Prosecutors want to advance to the evidence stage. The trial resumed today. The defense asked the judge to dismiss the general prosecutor from the case, citing concerns that "he is following orders". Prosecutors denied the claim. The defendants began discussing the 44-day war during the trial. Prosecutors complained and described it out-of-topic. The two sides shouted at each other, prompting an intervention by the judge. https://armenpress.am/arm/news/1040640.html , https://armenpress.am/arm/news/1040671.html , https://youtu.be/bQry4ljbgdA , https://factor.am/329591.html , https://factor.am/329597.html , https://factor.am/329607.html
Parliament votes: anti-corruption bill to make transactions transparent
Parliament voted 84-0-2 to approve a government bill to establish the Expenditure Declaration Institute. Single transactions over ֏2 million ($3,900) will need to be disclosed by public officials. If there are multiple smaller transactions instead, these transactions must be published if they exceed ֏3 million. To fight against corruption in which a public official buys property as a gift for a friend but uses it for personal benefit, the official will be required to disclose the property that is legally owned by a friend but brings any kind of revenue to the official, or a property that was gifted but is being managed by the official. https://armenpress.am/arm/news/1040597.html
Parliament voted 115-0-4 to approve a LHK bill. If a debtor fails to pay his debt, the guarantor who had earlier vouched for the debtor will bear subsidiary liability, but only after the claim is made against the debtor. The guarantor's property can be confiscated only after such an attempt is made against the debtor's property. More: https://armenpress.am/arm/news/1040611.html
Parliament votes։ radioactive convention
Parliament voted 88-0 to ratify a CIS convention about improving communication between CIS member-states while transporting radioactive materials. It should improve safety by providing mutual assistance to detect safety issues, safer transport, info, etc. https://armenpress.am/arm/news/1040596.html
Parliament votes: convention about children
Parliament voted 85-0 to ratify a child protection convention against child trafficking and pedophilia. "With the ratification of the Protocol, the Republic of Armenia is obligated to pay due attention to the views and recommendations of the Committee on the complaints of persons under its jurisdiction." https://armenpress.am/arm/news/1040602.html
reforms: driver's license tests and exams
As part of recent reforms, the process of obtaining a driver's license will become harder. The written exams will be available in English, Russian, Farsi, and Arabic. The exams will last 30 minutes instead of 15, with 20 questions instead of 10. Moped will require a license. A, A1, and B1 license requires a behind-the-wheel test in special racetracks. B license requires a test on the streets. All other licenses require both: on the streets and in racetracks. A, B, BE licenses require medical approval if the applicant has certain impairments. Certain commercial licenses require a medical test for everyone. Foreign citizens must present a document proving their status as a legal resident. https://armenpress.am/arm/news/1040661.html , https://youtu.be/MJWe0ad9lqc
post-reform stats: how many drivers received points and suspension?
The traffic enforcement law was changed recently. All drivers have 9 points that they can waste annually before being suspended. The most serious violations result in instant suspension. This was partly done so "rich" drivers wouldn't "get away" with paying only monetary penalties. In 2020, some 2175 drivers got suspended for 6 months. 414,825 citations were issued to deduct points. Traffic safety violations by year: 2018: 1.6 million 2019: 1.9 million 2020: 1.7 million https://www.armtimes.com/hy/article/204606
update: Artsakh residents closed a Qarvachar road for Azeri vehicles
Context: two roads used to connect Artsakh to Armenia. The northern road was traveling through Qarvachar (Kelbajar), which is one of the 7 adjacent regions that is now under Azeri control. It used to connect Armenia's Vardenis to northern Artsakh. After the war, only Lachin road is available, so Artsakh's northern residents must travel long distances via Lachin to visit Armenia. Yesterday, a group of residents from Artsakh's northern Drmbon village closed a road that travels through the village into the Qarvachar region. Azeris were using this Armenian road to connect to Qarvachar. In exchange for using the Armenian road in Drmbon, the residents want Azeris to unblock the northern Qarvachar road so Artsakh residents can once again have the second road to connect to Armenia's Vardenis. Russian peacekeepers met the residents to hear their complaints. Residents said the closure of the 90km northern Qarvachar road forces them to travel 500km via Lachin. Russian peacekeepers said their job is only to provide peace and monitor infrastructure, and that such issues would need to be resolved at higher levels. The peacekeeper promised to do his part in resolving the issue. https://armenpress.am/arm/news/1040627.html , https://youtu.be/UZVJyNsmEt0
POWs and diplomacy
Artsakh MFA Babayan sent letters to international institutes to pressure Azerbaijan to reveal information about POWs. He accused Azerbaijan of illegally holding captive 64 soldiers who were captured during skirmishes in the Hadrut region. https://armenpress.am/arm/news/1040631.html Arab human rights foundation Maat has urged Azerbaijan to return Armenian POWs. "The actions of the Azerbaijani authorities are a gross violation of international humanitarian law." https://armenpress.am/arm/news/1040645.html The human rights ombudsman met the German ambassador to discuss issues relating to POWs. https://armenpress.am/arm/news/1040684.html Parliamentary Defense Committee chairman: recently we met the families of POWs and missing soldiers to present the progress and hear their opinions. When the topic of POWs is publicly raised on certain platforms, it only harms the process of the speedy return of POWs. This issue has no immediate solution. (likely in response to some opposition MPs who left the Parliament floor yesterday after fiery speeches). https://armenpress.am/arm/news/1040682.html
protesters block opposition BHK's entry to Syunik province
A group of demonstrators were against the BHK leadership's visit to Syunik. They also criticized the former regime PM candidate Vazgen Manukyan for calling Gyumri protesters "hobos" and accused him of "plundering Gyumri" in the past. BHK leadership met the protesters and accused Pashinyan of violating the November 9th statement by pulling troops from Syunik borders, "which is a violation of one of the Statement paragraphs which states that troops can remain in their positions." The residents accused the BHK MP of misrepresenting the Statement, saying that "the Armenian troops are being removed from the Artsakh-side of the border and not Syunik... You would have done the same thing if you were in Nikol's place." https://youtu.be/GwEttPsYZ4I , https://factor.am/329542.html
explosion on Syunik borders
Two emergency crew workers received wounds after a bomb explosion in a bordering area near the south-eastern part of Syunik. The crews were searching for war casualties when the incident took place. https://armenpress.am/arm/news/1040669.html
Search crews found the bodies of 7 soldiers and 1 civilian in the Hadrut, Jabrayil, and Davit Bek regions. The Hadrut civilian was identified by relatives. The identities of others are being checked by medical teams. https://armenpress.am/arm/news/1040613.html
jobs for Artsakh refugees living in Armenia
Labor Ministry: we'll help Artsakh residents to find jobs. There are two programs that teach skills and help find work. 660 people have already applied. We consulted with businesses to find available positions. The applicant will be paid ֏100,000/month to receive skills. We will pay the business ֏34,000/mo to teach the skills. The second program will help refugees to find community work and get paid ֏8,000/day. https://armenpress.am/arm/news/1040656.html
new settlements will be built in Artsakh with local materials
Most of the masonry produced in the Martakert mine will be used for building a new settlement in Artsakh. The government and "Future Generation Foundation" are still discussing the location and design of the new settlement. The work will begin this Spring. The new mine near Martakert will replace two others that went under Azeri control during the war. https://armenpress.am/arm/news/1040642.html
Lachin school returns to daily life
Lachin corridor has several Armenian villages that remain under Armenian control. The school in Aghavno village has resumed its operations after renovating the damaged building. The attendance is twice lower than in pre-war time but the numbers grow as more families return. https://armenpress.am/arm/news/1040647.html
Pashinyan met the new Healthcare Ministry officials
Pashinyan: It should be noted that during now-former Minister Torosyan's tenure, the Healthcare Ministry was one of our most effective departments. Since 2018, large-scale people-oriented reforms have been implemented. The goal was to expand the quality and scope of the health services. There was a time when we were criticized for the handling of COVID. Critics would show other countries and say "Here is how to fight the coronavirus." But we are confident that we have taken the balanced road. Our approach was justified in reality. (he is saying that some countries initially had lower infections numbers but eventually "caught up", despite causing more harm to their economies with stricter closures in the initial period) Our next challenge was the war. We currently have a problem with identifying the bodies. Despite the complications, the work has recently gained a very acceptable pace. Our new Healthcare Minister is Anahit Avanesyan, who was the Deputy Minister and was part of Torosyan's team. Her appointment is a result of our trust in them. I wish her good luck. I hope that the pace of reforms in the healthcare sector will increase. https://armenpress.am/arm/news/1040635.html
Armenia saw the smallest decline in the EAEU trade bloc when it comes to industrial production. It stood at $3.766 billion after a -0.2% decline. EAEU -2.8%. Russia -3%. Belarus -0.7%. Kazakh -0.8%. Kyrgyz -5.5%. https://armenpress.am/arm/news/1040581.html
massive illegal gambling network busted
Police said: Poker gambling was organized in a Yerevan building without a license. Dealers were hired. Drugs were circulated. The organizer was making ֏600K/day by receiving 4% of the winning amount. 10 people were detained. ֏5.5 billion in total damages and unpaid fees. https://armenpress.am/arm/news/1040695.html , https://youtu.be/Z5GZnivFKqQ
hikers trapped on snowy mountains
A group of hikers got stuck on a mountain near Dzoraglukh, Aragatsotn, and couldn't climb down. Emergency crews were sent to hospitalize them. https://factor.am/329755.html
Ministry addresses concerns about grain harvest / Subsidy for high-yield wheat seed
"Armenia is self-sufficient in a number of crops. The gap is filled with imports. The supply of grain has not stopped even in the most difficult conditions of the epidemic and the war," said Economy Ministry in response to concerns that Armenia could face "hunger". "The concerns about hunger was raised back in March 2020 when it was claimed that Armenia, just as other countries facing pandemic-related difficulties, could face hunger by November. At the time, we assessed the situation, and the EAEU bloc not only met the demand but produced 46 million tons in excess and decided to export it to non-member states. The EAEU ensures its members have supplies before exporting." "We're constantly in touch with food importers and storage operators to monitor the supplies. We haven't recorded deficiencies." "Armenia is self-sufficient in fruits, vegetables, eggs, goat and lamb meat, somewhat beef. We import poultry, wheat, legumes." "25% of Armenia's demand was met by imports from Artsakh. The 2019 harvest was mostly collected in 2020 and brought to Armenia just before the war. There is a subsidy program that distributes free seeds and fuel to Artsakh farmers." "In the Autumn of 2020, we launched a program to help farmers in Armenia. The purchase of high-quality wheat seeds is being subsidized by the government. 5,000 tons of seed will be planted in 20,000 hectares. On average, the wheat yield is 1.8 tons. We plan to increase it to 3 tons." https://armenpress.am/arm/news/1040580.html
meeting between Pashinyan and Dutch ambassador
They spoke about high tech and possible investments from the Netherlands. The ambassador will inform Dutch business circles about opportunities. The two spoke about the proposed unblocking of trade routes in the region. https://armenpress.am/arm/news/1040696.html
high-tech industry
High Tech Minister Arshakyan held a meeting to present Armenian tech companies that won as part of the "Virtual Bridge" initiative, which was organized by the Draper University, AGBU, and the Ministry. "Each of these companies has the opportunity to attract large investments and conquer markets in Armenia and abroad. On January 28, they will have the opportunity to present their programs to international investors." "The ministry will soon announce new business grant programs." https://armenpress.am/arm/news/1040598.html
drone production in Armenia: ArMath in the air
ArMath is a high-tech program that teaches robotics and engineering to students across Armenia. They launched a new "ArMath in the skies" program to teach students "drone production and love towards high tech." All 65 cities in Armenia and Artsakh will have a workshop. Anyone between the ages of 15-18 can join. The project will cost ֏422 million. Each workshop will operate for a year and build 7 drones. 750 students will be trained annually. "The army will receive 2,500 trained personnel within 2 years." https://armenpress.am/arm/news/1040664.html
1910: famous Armenian writer Hrachya Kochar was born. 2007: Armenian-Turkish journalist and activist Hrant Dink was killed in Turkey for being Armenian and supporting the recognition of the Armenian genocide. https://armenpress.am/arm/news/1040575.html
Kond is looking for architects
Kond is an old district in Yerevan with dozens of cultural-historical monuments. The government wants to "turn it into a tourist spot, revive and develop it", so they launched an auction to find the best sketch-design for development. Briefly about the planned work: 1) Arranging access and attractiveness of all entrances to the district 2) Development of a system for easier communication within the district 3) Specialized cafes (artists, architects, etc.) open and closed, Visitor Information Center. 4) Open public areas with relevant themes. 5) Disability access. 6) No cars. (more details in links) https://armenpress.am/arm/news/1040600.html , https://www.armtimes.com/hy/article/204696
PredictIt 1099-Misc: Gambling or Self Employment Income?
I received a 1099-Misc for income from the political betting website PredictIt for about 3K. TurboTax is trying to assign this as self employment tax since I also received a 1099-Misc form 2 years ago when I made a similar amount of money (did not make or lose anything in 2019). I want to file this appropriately but I am not sure if it should be gambling winnings or self employment income. Thanks!
Jan/12/2021 news: __ Gas prices could rise: ֏ vs $ __ Jailed for taking Azeri bribe __ How much will AM-AZ railway cost? __ COVID strain, vaccine, stats __ POW & borders __ Childbirth subsidy __ Seismic resistance __ IRS to monitor casinos __ Environmentalists to have voice __ Yezidi theater __ more
Your 11-minute Tuesday report in 2562 words.
gas prices could rise due to currency fluctuations
Russian gas price (at the border) had increased from $150 to $165 per 1000m3 in 2019. Although the Russian currency Ruble was devaluing against the Dollar, Armenia was/is paying for gas with Dollars. Since 2019, the Pashinyan administration has been trying to convince Russia to implement a different gas payment mechanism within the EAEU trade bloc. Making payments in Rubles instead of Dollars was one of the priorities: "We are constantly talking about high dollarization within the EAEU, but we still pay for Russian gas in dollars. Our proposal was that it would be more correct if we paid for gas in rubles, because I think it is more logical, also within the EAEU," said Pashinyan in early 2020. This idea was also shared by Vladimir Putin's personal adviser back in October 2018. It appears the EAEU has been working towards this goal lately. But meanwhile, Armenia has to pay for Russian gas in Dollars. With Armenian Dram devaluing against the Dollar, the pricing for consumers will likely be revised. Consumers pay 139 Drams per cubic meter. This was calculated in 2020 when $1 was 480 Drams. Today $1 = 520 Drams. Large consumers pay in Dollars and have their rates adjusted periodically, while small consumers (general public) pays in Drams. Armenia imports 2.2 billion m3 gas from Russia annually, at the price of $165 per 1000m3. 0.7 billion of it is consumed by the general public. Dram was devalued by 6.6% since November. This could prompt the internal gas company to raise the prices, including for the general public. https://armenpress.am/arm/news/1039886.html http://www.armbanks.am/en/2020/04/07/128024/ https://neftegaz.ru/en/news/energy/406887-armenia-should-pay-for-russian-gas-in-rubles/
Public Council meets drone and robotics industry
The Public Council (linked to PM's office) held a meeting with engineers from the drone, robotics, AI, and nano-tech industries. They discussed ways to help the state to develop the military-industrial complex, drone production, aviation, and to bring their quality to international standards. https://factor.am/327477.html
former PACE MP sentenced to 4 years for taking bribes from Azerbaijan
An Italian court has concluded that Italian PACE representative Luca Volonte, who is the former head of the European People's Party, took €2.4 million in bribes from the Aliyev regime in 2012-2013. The bribe was handed over by Azerbaijan's PACE delegation leader Suleymanov. The scheme was coordinated by an Azeri lobbying firm based in Brussels. In return, the MP gave Azerbaijan favors during PACE and Italian Parliament sessions. https://armenpress.am/arm/news/1039927.html Tags: #caviar
POWs and searches
The search crews in Artsakh discovered bodies of 10 soldiers and 1 civilian in Jabrayil, Hadrut, and Sgnakh regions. The civilian has already been identified by his relatives. The cause of death is being investigated. Many bodies under the possession of the Armenian side are yet to be identified, while more bodies will likely be found during daily searches for the foreseeable future. Overall, 575 calls have been made by families who are looking for missing relatives, says the Russian humanitarian envoy in Artsakh. https://armenpress.am/arm/news/1039900.html , https://www.panarmenian.net/arm/news/289293/ Human Rights Ombudsman Tatoyan once again criticized Azerbaijan for intentionally politicizing and delaying the POW swap mission. "It is against international laws to file felony cases and arrest POWs because that's a form of a prohibited punishment. Azerbaijan is also hiding the true number of POWs." The Ombudsman has noted that Armenian residents in Tegh, Vorotan, and several other bordering villages have lost access to 2500 hectares of farming lands due to border changes. (some lands that were internationally recognized as part of Azerbaijan were given to Azerbaijan after the war). https://armenpress.am/arm/news/1039933.html , https://factor.am/327226.html , https://www.armtimes.com/hy/article/204175
POW discussions: general prosecutor meets Azeri counterpart
Chief prosecutor Arthur Davtyan and his Azeri counterpart were invited to Russia. The three sides held a conversation about the establishment of future contacts in the field of international law and other related topics. Prosecutor Davtyan mentioned the importance of implementing the November 9th statement about the return of POWs, "which will serve as an assurance for implementation of other [trade unblocking] issues." https://armenpress.am/arm/news/1039953.html , https://armenpress.am/arm/news/1039972.html
how much will a new railway network cost?
Azeri economists believe it will cost around $430 million to build a railway network connecting Kars(TR)-Nakhijevan(AZ)-Meghri(AM)-Zangelan(AZ)-Baku(AZ). Overall, if you add Gyumri between Kars and Nakhijevan, it could cost about $434 million. Economists believe Armenia can use this network to connect with Russia via two directions: Gyumri-Nakhijevan-Meghri-Baku (southern trip), or Ijevan-Ghazakh-Baku (northern trip). https://www.panarmenian.net/arm/news/289313/
rumors & rebuttals: traitors are not selling Azeri juice in Armenia
Telegram channel Mediaport circulated rumors that "Azeri Sandora juice is being sold in Armenia". The misinformation was picked up by several outlets and caused confusion among the buyers. Fact-checkers contacted Sandora's local importer who said the producer is a Ukrainian company that sells its product in multiple post-Soviet republics, so they have one unified tag that contains information both in Armenian and Azeri languages. https://fip.am/14469
Pricing for 43 commonly-consumed items was examined by the consumer protection agency in Artsakh. 12 became more expensive, 5 cheaper, 26 remained the same. Onion +25%, cottege cheese +6%, milk +6%, gloves +5%, ..., pear -12%, rice -1%, eggs -1%, butter -1%. Several dairy product prices went up, and since Artsakh has dairy companies that own dominant market share, the consumer agency will launch an investigation to see if there was price-fixing. https://armenpress.am/arm/news/1039946.html
seismic resistance assessment for old buildings
A significant portion of Armenia's large apartment complex buildings were built half a century ago. They may not be seismically safe, considering Armenia's geolocation. After the 1988 earthquake, some buildings remain populated despite being deemed highly unsafe. Many other buildings have safety irregularities. It is necessary to assess the situation, so the Urban Development Committee has drafted a bill "Methodology for assessing the priority of increasing the seismic resistance of buildings and structures". https://armenpress.am/arm/news/1039887.html
IRS will closely monitor gambling industry / RFID chips & servers
IRS press release: gambling facilities and online betting services will be more closely monitored. We worked with international experts to digitize the gambling industry and bring it on par with international standards. All gambling machines and platforms operating in Armenia will be connected to one server which will be connected to a monitoring Center. All betting and winning transactions will be recorded. The Center will also install RFID microchips in casinos to monitor the movement of chips, the chips purchased or won by players, in real-time. The government's Digital Council has approved the bill, which is yet to be discussed and voted in the Parliament. The goal is to be able to monitor the financial flows in this sector and to estimate the actual revenues. It will combat money laundering. (BHK skipping a Parliament session due to "COVID" in 3, 2, 1, ... /joke) https://armenpress.am/arm/news/1039915.html
new "public council" will advise Nature Ministry
Nature Minister Romanos met several environmental organizations and environmentalists and discussed the creation of a new Council, which will advise him on nature protection issues, help draft bills and roadmaps, work with other environmental organizations and NGOs. The Council is accepting applications. https://armenpress.am/arm/news/1039896.html
large quantities of illegally-cut trees were busted
Context: An incident happened last week between parents of drafted soldiers and military officials at a military unit. The parents wanted assurances that their sons would be safe after being deployed on Artsakh borders. The parents wanted to know why Armenian soldiers are still being sent to Artsakh "despite the November 9th statement saying Armenians should withdraw from Artsakh." During the confrontation, an incident happened between a military official and a journalist. The official struck the camera and instructed it to be turned off. Several media outlets released a message condemning the officer for hindering the journalist's work. https://armenpress.am/arm/news/1039973.html
infrastructure upgrades
Four settlements in Kotayk province (Yeghvard, Nor Gegh, Aragel, Zovuni) have a newly renovated irrigation pipeline as part of a govt subsidy program. https://www.armtimes.com/hy/article/204202
today in history
1932: First Yerevan tramway began operating in Yerevan 1951: The UN Convention on the Prevention and Punishment of the Crime of Genocide was implemented. https://armenpress.am/arm/news/1039885.html
get your free colonoscopy today
The National Center for Oncology has purchased the latest generation tools and will perform a free and enjoyable colonoscopy for residents over the age of 45, for the next 6 months. The goal is to detect suspicious growths at an early stage. It's the third most common cancer among adults in the world. It has become more common in Armenia in the past decade. When detected early, it can be fully treated. https://armenpress.am/arm/news/1039911.html
... we lift some of the restrictions! "Aye, aye, Captain!" "I can't hear you!" "The rule that limits attendance to non-commercial gatherings to no more than 60 people has been removed. All other safety requirements remain in place," said a Healthcare official. "You can enter Armenia via air or land by presenting negative COVID test results that were taken within the past 3 days. If you don't, you will be tested at the airport and will need to self-isolate until the results arrive." https://armenpress.am/arm/news/1039931.html
Armenia will soon import COVID vaccines
Healthcare Ministry: we are negotiating with multiple entities. The first batch of vaccines will arrive between late-January and mid-February. We are negotiating with producers whose vaccines have passed the necessary tests: Sputnik V, Pfizer, Moderna, and AstraZeneca. In the first phase, the vaccines will be given to the most vulnerable 10% of the population. https://armenpress.am/arm/news/1039921.html
Sputnik V vaccine has already been tested in Armenia
Healthcare Ministry: no complications were reported by the 15 patients, including Minister Torosyan. The often-discussed "skin redness" in the injection area has not been observed, either. The first injection gave a 91.4% efficiency. The second increased it to 94%. Even if the vaccine doesn't fully prevent the infection, it can save the patient's life by making the case mild (is that right??). https://armenpress.am/arm/news/1039925.html
the new COVID strain: good news, bad news
Doctor Davit Melik-Nubaryan: the version of COVID that mutated in the UK will eventually reach Armenia. Preliminary data shows that those who have already been infected and gained immunity from the original COVID will be immune to this new strain. It is believed that the immunity will last 6-12 months for the majority. The good news is that the new strain isn't more deadly and doesn't result in heavier cases. The bad news is that it spreads a lot faster. The Healthcare system could be overloaded again. The vaccines against the original strain will likely work against the new one. Pharmaceutical companies may have to modify the vaccines, but it will only take weeks. Closing borders with the UK won't be helpful to prevent it. We may already have the new strain. We need to develop a new strategy from the ground up. Viruses mutate all the time. It's part of the evolution. Sometimes they cause more severe symptoms, sometimes lesser. From the evolutionary and survival standpoint, viruses want to cause less severe symptoms for the host so they can have a chance to spread wider. https://armenpress.am/arm/news/1039856.html
Armenian scientists will study the COVID strain
CDC chief Bakunts: Armenia will have the ability to study the genetic mutations of the coronavirus. Active work is underway to invest in research resources. Meanwhile, we can submit a virus sample to a WHO laboratory to conduct a study for us. https://armenpress.am/arm/news/1039962.html
families with newborn children receive mortgage subsidy
450 families have so far taken advantage of a government subsidy program that helps with purchasing apartments. ֏526 million will be paid as part of this 2020-2023 program. It is part of a recent initiative to boost the birthrate. Two other aid programs went into effect in mid-2020. Provincial families received a downpayment subsidy equalling 5% of the total price. Another one subsidizes insurance payments. The same family can apply for all three programs, and there is no age limit for parents. https://factor.am/327385.html
diaspora-government cooperation expands: iGorts
iGorts is a program that recently recruited 48 highly skilled diasporan Armenians to visit Armenia and work at 19 various government agencies. Three more volunteers have arrived today to begin their work: Shila Palyan from Canada, Zaven Ayvazyan from Russia, and Anahit Mikaelyan from Cyprus. https://www.armtimes.com/hy/article/204211
Yerevan to install 32 more elevators in apartment complexes
Arabkir district is the next recipient. Hundreds of units were installed in 2020. They replace the decades-old elevators that have become dangerous and poopy. The new elevators come equipped with running water and flush so you can drain your crap /s. https://armenpress.am/arm/news/1039954.html
have you been buying stuff right and left lately?
...because trade turnover increased by +34%, and the number of printed receipts by +7%, during this year's New Year's holidays. ֏91 billion was spent between December 29-31, which is ֏23 billion more. https://www.armtimes.com/hy/article/204195
would your majesty be pleased to take a salt bath?
Nerqin Getashen will have a halotherapy "salt bath" center to help alleviate certain conditions. It's the first in Gegharquniq province. There will also be rooms for aromatherapy (oils), ogyxenotherapy (oxygen cocktails), and massage. The owner claims it helps boost immunity and alleviates breathing, allergy, and insomnia issues (take the claim with a bath of salt). https://armenpress.am/arm/news/1039974.html
first Yezidi theater to open in Armenia
"шəp' y əBин" or "war and love" will be the first performance in a newly opened Yezidi theater in Ejmiatsin. It's part of a «Եզդիների կողքին» cultural initiative. The crew had planned a major performance about Yezidi national legend but the 44-day war began and some were drafted. The crew ended up performing the "шəp' y əBин" during the war. It's about the importance of Yezidis in Armenia, and their love for the country. The January 17th performance will be dedicated to Yezidis who died fighting. The performers aren't professional actors but they received acting training on-the-fly. "It seems to work because their enthusiasm is great. A very good team has been formed," said the producer. https://armenpress.am/arm/news/1039941.html
Aram Khachaturian House-Museum will resume "Musical Thursdays"
Netherlands college will donate large quantities of school supplies
Several thousands of desks, chairs, furniture pieces, computers, lockers, etc. are being loaded in containers to be shipped to Armenia. The Hermann Wesselink college is renovating its building with new items so they decided to donate the old stuff to Armenian kids. This will be enough to equip 15 provincial schools. https://factor.am/327135.html
Help with Owner's EIN or Single Member LLC's EIN Tax Filing Situation
My situation: • Started my own business in 2019. (It's still going! Woo hoo!) • Formed a single member LLC (SMLLC) for the liability protection. • Business coach told me to get an EIN in my LLC's name to open a business bank account and also read that it was a good idea to get an EIN for your LLC, so that when vendors request a W-9 you don't have to provide your SSN. Yes, please. • Following advice above, I got an EIN in my LLC's name and used it to open a business bank account. • Didn't have income in 2019 that reached the threshold to generate tax forms to me (1099s), but filed 2019 taxes with what I'd made (lost), putting my LLC's EIN on line D of Schedule C per the IRS instructions that "if you are the sole owner of an LLC that is not treated as a separate entity for federal income tax purposes, enter on line D the EIN that was issued to the LLC (in the LLC's legal name) for a qualified retirement plan, to file employment, excise, alcohol, tobacco, or firearms returns, or as a payer of gambling winnings. If you do not have such an EIN, leave line D blank." • Got my first W-9 and saw that it (see page 4) actually says (!!!) that "If you are a single-member LLC that is disregarded as an entity separate from its owner, enter the owner’s SSN (or EIN\, if the owner has one).* Do not enter the disregarded entity’s EIN."* • Was surprised by this and wasn't comfortable giving out my SSN to this vendor, so I looked online for how other folks had handled this, and found that people often used their SMLLC's EIN despite the clear instructions not to (which seemed like a bad idea) or would request an EIN in their own name (an "owner's EIN") and then provide that EIN, since the W-9 instructions say an owner's EIN can be used. • So, I subsequently requested an EIN in my own name (just as a sole proprietor) and have used that on W-9s and for PayPal and Stripe 1099-Ks. • Now, I just got a 1099-INT from my bank for the business bank account that I opened in my LLC's name with its EIN, and so of course the 1099-INT has the LLC's name (just its name, in fact) on it and its EIN. My main questions: Is any of this a problem? If it is, what should I do to fix it? My secondary / specific questions: 1 - Does my bank need to re-issue the 1099-INT in my name and SSN or EIN (or at least with my SSN or EIN?), per the IRS that "for federal income tax purposes, a single-member LLC classified as a disregarded entity generally must use the owner's social security number (SSN) or employer identification number (EIN) for all information returns and reporting related to income tax"? 2 - Schedule C instructions say that "if you are the sole owner of an LLC that is not treated as a separate entity for federal income tax purposes,enter on line D the EIN that was issued to the LLC(in the LLC's legal name) for a qualified retirement plan, to file employment, excise, alcohol, tobacco, or firearms returns, or as a payer of gambling winnings. If you do not have such an EIN, leave line D blank." I got the LLC's EIN to open a bank account (which is specifically allowed by the IRS), but does that mean that I should keep putting my LLC's EIN on line D of Schedule C or leave line D blank when I file for 2020 and in the future? 3 - Is the IRS going to have a problem that I'm using the EIN in my name ("owner's EIN") for tax purposes (W-9s, 1099-Ks) for my LLC, since the IRS doesn't allow me to use the LLC's EIN? Will they have issues connecting that the 1099s they receive with my EIN number are being reported on my Schedule C with my LLC's EIN number and instead be looking for a separate Schedule C with the EIN number in my name / "owner's EIN" on it?
Owner's EIN or Single Member LLC's EIN Tax Filing Question
My situation: • Started my own business in 2019. (It's still going! Woo hoo!) • Formed a single member LLC (SMLLC) for the liability protection. • Business coach told me to get an EIN in my LLC's name to open a business bank account and also read that it was a good idea to get an EIN for your LLC, so that when vendors request a W-9 you don't have to provide your SSN. Yes, please. • Following advice above, I got an EIN in my LLC's name and used it to open a business bank account. • Didn't have income in 2019 that reached the threshold to generate tax forms to me (1099s), but filed 2019 taxes with what I'd made (lost), putting my LLC's EIN on line D of Schedule C per the IRS instructions that "if you are the sole owner of an LLC that is not treated as a separate entity for federal income tax purposes, enter on line D the EIN that was issued to the LLC (in the LLC's legal name) for a qualified retirement plan, to file employment, excise, alcohol, tobacco, or firearms returns, or as a payer of gambling winnings. If you do not have such an EIN, leave line D blank." • Got my first W-9 and saw that it (see page 4) actually says (!!!) that "If you are a single-member LLC that is disregarded as an entity separate from its owner, enter the owner’s SSN (or EIN\, if the owner has one).* Do not enter the disregarded entity’s EIN."* • Was surprised by this and wasn't comfortable giving out my SSN to this vendor, so I looked online for how other folks had handled this, and found that people often used their SMLLC's EIN despite the clear instructions not to (which seemed like a bad idea) or would request an EIN in their own name (an "owner's EIN") and then provide that EIN, since the W-9 instructions say an owner's EIN can be used. • So, I subsequently requested an EIN in my own name (just as a sole proprietor) and have used that on W-9s and for PayPal and Stripe 1099-Ks. • Now, I just got a 1099-INT from my bank for the business bank account that I opened in my LLC's name with its EIN, and so of course the 1099-INT has the LLC's name (just its name, in fact) on it and its EIN. My main questions: Is any of this a problem? If it is, what should I do to fix it? My secondary / specific questions: 1 - Does my bank need to re-issue the 1099-INT in my name and SSN or EIN (or at least with my SSN or EIN?), per the IRS that "for federal income tax purposes, a single-member LLC classified as a disregarded entity generally must use the owner's social security number (SSN) or employer identification number (EIN) for all information returns and reporting related to income tax"? 2 - Schedule C instructions say that "if you are the sole owner of an LLC that is not treated as a separate entity for federal income tax purposes,enter on line D the EIN that was issued to the LLC(in the LLC's legal name) for a qualified retirement plan, to file employment, excise, alcohol, tobacco, or firearms returns, or as a payer of gambling winnings. If you do not have such an EIN, leave line D blank." I got the LLC's EIN to open a bank account (which is specifically allowed by the IRS), but does that mean that I should keep putting my LLC's EIN on line D of Schedule C or leave line D blank when I file for 2020 and in the future? 3 - Is the IRS going to have a problem that I'm using the EIN in my name ("owner's EIN") for tax purposes (W-9s, 1099-Ks) for my LLC, since the IRS doesn't allow me to use the LLC's EIN? Will they have issues connecting that the 1099s they receive with my EIN number are being reported on my Schedule C with my LLC's EIN number and instead be looking for a separate Schedule C with the EIN number in my name / "owner's EIN" on it?
Full credit to u/AlbibiG. The original post was posted on February 8th 2021. Enjoy. -
Introduction “FuboTV ($FUBO) is an American streaming television service that focuses primarily on channels that distribute live sports, including NFL, MLB, NBA, NHL, MLS and international soccer, plus news, network television series and movies. Launched on January 1, 2015 as a soccer streaming service, FuboTV changed to an all-sports service in 2017 and then to a virtual multichannel video programming distributor (vMVPD) model. As a vMVPD, FuboTV still calls itself sports-first but its expanded channel lineup targets cord cutters, offering a selection of major cable channels and OTT-originated features that can be streamed through smart TVs, mobile and tablets and the web. The service is available in the United States, Canada and Spain as of 2018." From their home page: They are the only competitors in their space of digital sports broadcasting, offer 4K streaming and upscaling of live sports, cloud DVR capability ranging from 250 or 1000 hours on standard plans, and is available on Roku, Apple TV, Amazon Fire TV, Chromecast, Samsung Smart TVs, Xbox One, Android TV, Android Smart TVs, and Android/iOS smartphones and tablets, with plans ranging from $24.99/month to $79.99/month (not including add-ons). They have also recently acquired one company and have made plans to acquire another to allow for in-house sports betting. They have stated in a press release that they plan to release a sportsbook before the end of the year. This will push them into a broader spectrum outside of only TV and sports streaming, and into the sports betting sector along with DraftKings ($DKNG), FanDuel ($PDYPY), and Penn National Gaming ($PENN). Plans and Add-ons FuboTV offers three standardized plans as of February 8, 2021: the Family plan is priced at $64.99/month (normally $75.97/month), Elite at $79.99/month (normally $100.95/month), and Latino Quarterly at $24.99/month, along with offering additional add-ons. Each plan offers a range of channels, cloud DVR capabilities (which allows fast-forwarding through commercials), and casting to multiple devices simultaneously. Only the Elite plan does not offer a 7-day free trial (Channels page). The Family plan includes 117 channels (mostly news and entertainment with roughly 40 that offer sports, including ESPN), up to 250 hours of DVR space, and casting to 3 devices at once. The quarterly prepaid includes a free upgrade to 1000 hours of DVR space and 5 casting devices at home with 3 on the go (Channels page). The Elite plan includes 164 channels (includes an additional “47 entertainment channels”), up to 1000 hours of DVR space, and casting to 5 devices at home with 3 on the go. This plan does not offer a quarterly prepaid (Channels page). The Latino Quarterly plan includes 250 hours of DVR space and can be streamed on up to 3 devices at once, but only has 32 channels. This plan needs to be prepaid every 3 months for a total charge of $74.97 and does not offer a monthly service (Channels page). Upgrades include additional DVR space--1000 hours for an additional $6.99/month for the Family and Latino Quarterly--and increased device casting--an additional 2 devices at home with 3 on the go for another $9.99/month for the Family and Latino Quarterly plans. You can also add a variety of channels and sports packages (the Latino Quarterly has fewer channel add-ons compared to the Family and Elite plans, which both have the same channel varieties). Sports Plus with NFL RedZone is an additional $10.99/month, but includes all professional and college sports broadcasting services for football, basketball, baseball, hockey, tennis, fighting, etc. (Channels page). Fubo has recently removed its former Standard plan, which included only 65 channels, up to 2 casting devices, and only 30 hours of DVR support for $60/month. Financials and Growth Fubo has yet to file an annual report as they have gone public in October of 2020, but they have filed a 10-Q for Q3 2020. All numbers in thousands. Assets- Between December 31, 2019 and September of 2020, assets have increased from $368,225 to $799,313 (a 117% increase) . Total current assets increased from $17,973 to $58,016, but accounts receivable decreased from $8,904 to $6,975--this may be attributed to the increase in prepaid subscriptions which increased from $1,445 to $12,177 which shows strong customer satisfaction and retention. Liabilities- Liabilities have increased from $145,049 to $290,376 (a 100% increase). The largest contributors to their liabilities are “Due to related parties” increasing from $665 to $85,847, “Warrant liabilities” increasing from $24 to $28,085, and “Accounts payable” from $36,373 to $61,679. Long-term borrowings have decreased from $43,982 to $25,905. Revenues- Subscription revenues increased by $53,433, totaling $92,945 for the year. Total revenues including advertisements and licensing have increased by $61,202, totaling $112,669 for the year and an increase of 47% YOY. Q4 revenue is estimated to be between $94,000 and $98,000 which would be a *77-84% *increase YOY. Expenses- Subscriber related expenses total $114,315 for the year. Total expenses have totaled $500,249 for the year. Subscribers- Ended Q3 with 455,000 paid subscribers, a YOY increase of 58%, and plans to end 2020 with over 545,000, an increase of 72% YOY. Competition Its closest competitors are Hulu + Live TV (owned by Disney ($DIS)), YouTube TV (owned by Alphabet ($GOOG)), and Sling TV (owned by Dish Network ($DISH)). Hulu + Live TV
Includes league networks
50 hours of free DVR (200 hours for $9.99/month)
More than 74 channels
Unskippable ads on DVR without upgrade to 200 hours
2 streams at a time
$64.99/month
Can add ESPN+ and Disney+ for an additional $7/month
YouTube TV
Includes league networks
Unlimited DVR storage
More than 85 channels plus YouTube Red Originals
3 streams at a time
Sports Plus package for an additional $10.99/month
NBA LeaguePass for an additional $40/month or $119.99 annually
Starting at $64.99/month
Sling TV Blue
Includes league networks
DVR up to 50 hours (200 hours for $5/month)
More than 45 channels
3 streams at a time
Sports Extra package for an additional $11/month
Starting $35/month
Can be combined with Sling TV Orange for a total of $50/month
Sling TV Orange
Includes league networks
DVR up to 50 hours (200 hours for $5/month)
More than 30 channels
1 stream at a time
Sports Extra package for an additional $11/month
Starting at $35/month
Can be combined with Sling TV Blue for a total of $50/month
Merger with FaceBank for $100 million revolving credit
Analysts and Estimates Average analyst ratings put Fubo at a Buy to Strong Buy rating with an average price target of $45.50 with a high of $60 and a low of $30. EPS estimates are estimated to be -5.23 for 2020 and -1.64 for 2021. Currently has a short float of about 75%, but the short volume has been holding at roughly 15-20% over the last month and has drastically declined from its October short volume of over 50%. Originally valued at $700 million less than a year ago, a current valuation of $3.19 billion is respectable for this company and is on par for its current performance. Risks
Marketing fails and Fubo is never known as a household name, so consumers stick with other more known providers
Their sportsbook fails and becomes dead weight and wasted money
Subscriber count and streaming drops as quarantine lifts, reducing revenues while maintaining expenses
Consumers opt for cheaper options
People paying for the sports package cancel when the season is over, creating a boom and bust cycle if not managed correctly
Final Thoughts / TL;DR With its drastic growth over the last year (400% in the last 4 months), support from FaceBank and well-known investors, and plans to join the sports betting sector, FuboTV has potential to become a household name and grow well beyond its current valuation by combining both sports broadcasting and online sports betting into one convenient place. Although unlikely to overthrow any of the current forces, it can become the best live sports broadcaster that people can turn to when they cut cable but want to keep live sports. It has many hurdles to overcome (creating their sportsbook, better marketing, increasing subscriber count, etc.) before it is any real competition to its already established competition. At a $3.19 billion market cap and very high (75%) short interest, it will be very difficult to realize consistent growth, but it is on par for a company with almost $100 million in revenue. My Position 25 shares at $47.30 Edit: edited final thoughts/TL;DR Please provide feedback! First time actually researching and compiling information for a company and not just reading about them on here. Also, please ask questions to clear up any confusion; it was kinda hard to put everything together neatly, so I might have accidentally left stuff out or oveunder explained some things.
MEGATHREAD & NEWS WRAP-UP --- Nov/18/2020: \\ War in Artsakh (Karabakh) \\ Artsakh's international recognition \\ roadmap for future \\ opposition & pro-govt demonstrations \\ suspects charged over hooliganism \\ Kievyan bridge incident \\ videos \\ humanitarian aid \\ COVID & healthcare \\ more...
Your 12-minute Wednesday report in 2971 words.
November 18 timeline
Nevada's Clarke County (Las Vegas) has officially recognized the Artsakh Republic. https://twitter.com/ANCA_Wstatus/1328753472565493761 9:37: 1700 Artsakh refugees have returned home so far. The population was around 145,000 before the war. Some 10-20% never left. https://armenpress.am/arm/news/1035190.html 10:09 PM Pashinyan presented the roadmap: It is time to talk about methods to overcome the current situation. I have already stated that I consider myself the number-one responsible for the situation. I am also responsible for overcoming the situation and establishing stability and security in the country. 1) Negotiations must resume in OSCE format, with the emphasis on Artsakh status and the return of Artsakh residents to their homeland. 2) Secure Artsakh residents' rights to return home. Fully restore daily life. Repair infrastructure. 3) Social aid for families of fallen soldiers. 4) Repairing infrastructure damaged in the Republic of Armenia. 5) Aid for wounded soldiers, obtaining prosthetics, educational training courses for changing professions if necessary. 6) Returning POWs and aid for their families. Clarification of the status of those who are missing, and aid for their families. 7) Rehabilitation system for those who participated in the war, and for the general public, too. 8) The beginning of reforms in the army. 9) Defeating COVID and overcoming its consequences. 10) Restoration of the environment for economic activity. 11) Activation of demographic programs. 12) Reforming electoral laws [opposition and the govt had agreed to lower the passing threshold to allow more opposition parties to enter Parliament, etc.] 13) Introduction of the Institute of Specialized Judges as the first step in establishing an anti-corruption courts. Launching the process to confiscate illegally embezzled property. 14) Conducting regular consultations with representatives of the Armenian political and civil community. 15) Consultations with diasporan institutes and individuals. The goal is to ensure the democratic stability of Armenia and to create guarantees that nothing threatens the formation of power in Armenia through the free will of the people. For this, I'll make changes to the government team. We will need 6 months to launch the aforementioned tasks. In June 2021, I will report to you the progress, and based on the public response, we will decide on what to do next. Full: https://armenpress.am/arm/news/1035193.html 11:11: US Senator Bob Menendez called on the US government to impose sanctions on Turkey and Azerbaijan for the military aggression, and to end weapon supplies to them. He called for a $100 million aid to Artsakh refugees. https://youtu.be/JCh49hna7hA https://armenpress.am/arm/news/1035203.html 11:42 COVID stats: +4,109 tested. +1,589 infected (down). +1,726 healed. +28 deaths. 38,082 active (down). HealthMin Torosyan: the percentage of positive tests and the absolute numbers are declining, but the healthcare system is still under stress. We still have 375 patients waiting for beds, 25 of whom are in serious condition. We will likely hospitalize them sometime today. A few days ago the waiting list was 800. The trend can change again with the resumption of schools. Our main issue right now is oxygen supplies. Without it, the medication is ineffective. We'll soon receive more oxygen stations, followed by four large stations in December. We had purchased many oxygen stations during the first wave but today's large numbers, partly a result of the war, were outside of our predications. We're negotiating over vaccines. There are agreements. They will likely arrive in mid-Spring. We have no shortage of COVID test kits. New test labs are opening; two in the past week alone. https://armenpress.am/arm/news/1035206.html , https://armenpress.am/arm/news/1035232.html 11:43: earlier this year, a part of a residential apartment complex collapsed in Yerevan. The govt has issued free housing certificates to the affected residents. https://armenpress.am/arm/news/1035207.html 12:05: several soldiers returned from Artsakh and decided to organize a demonstration in support of PM Pashinyan. PM's office and QP party urged them to stay home and not to gather, citing the Martial Law that currently prohibits large gatherings and demonstrations. A dozen prominent opposition figures were charged with ignoring the Martial Law and organizing demonstrations earlier. If found guilty, they are facing anywhere between a $415 fine to 2 months of jail. https://armenpress.am/arm/news/1035208.html , https://armenpress.am/arm/news/1035240.html , https://armenpress.am/arm/news/1035245.html , https://www.arlis.am/documentView.aspx?docid=69646 , https://news.am/arm/news/614215.html 12:27: Aznavour Foundation and the Armenian Foundation of France have launched a committee to coordinate the aid process from France. Earlier they met President Macron about humanitarian aid and Artsakh's recognition. Links in the article: https://armenpress.am/arm/news/1035213.html 12:38: Parliament Speaker QP MP Ararat Mirzoyan was severely beaten by rioters on November 10th. Healthcare Minister says he will soon recover after one more surgery [which was done today]. https://armenpress.am/arm/news/1035215.html , https://armenpress.am/arm/news/1035236.html 12:45: German-Armenian pianist Margarit Hovhannisyan gave a solo performance to collect aid for Armenia Fund (www.HimnaDram.org). She donated $5,000 in proceeds. The German colleagues expressed support for Artsakh and Armenians. https://armenpress.am/arm/news/1035216.html 12:49: diasporan-Armenian singer Iveta Mukuchyan went to Artsakh's Dadivank church and performed "Sirt im sasani" (Սիրտ իմ սասանի) religious music. Video: https://www.facebook.com/watch/?v=845836856202879 Mukushyan released a German-language video: https://www.facebook.com/watch/?v=782524012332940 13:50: The US will donate $5 million to Red Cross and other orgs to help those who suffered from the war. https://factor.am/311291.html 14:02: the identification of soldiers who died in battles continues. 81 more names were published, bringing the total identified to 1586. Around 800 remain unidentified. Several hundred bodies were exchanged recently. The process continues. MoD Tonoyan: The list of missing soldiers is shrinking; many soldiers end up being discovered alive and well. We drafted a bill to aid the families of soldiers who're missing. Update: HealthMin Torosyan: we've examined 2425 bodies. 250 of them remain unidentified. https://youtu.be/zrXQBUJLdK0 https://armenpress.am/arm/news/1035225.html , https://armenpress.am/arm/news/1035249.html , https://armenpress.am/arm/news/1035288.html 14:05 Armenia Fund (Himnadram) report: hundreds of thousands have donated. The aid was provided to Artsakh and Armenia from the first day of the war. Diesel generators, emergency vehicles, medical products, basic consumer products, heating devices, portable gas stoves, mobile fuel stations, beds, etc. were purchased during the war. Simultaneously, 100 tons of aid was coordinated. Himnadram will help Armenia's budget to pay for social welfare, healthcare, infrastructure repair, etc. The documents are ready. Tens of thousands of Artsakh refugees were aided. International independent auditors will examine the finances.
During a Parliamentary session, the Deputy PM Mher Grigoryan confirmed that Himnadram has transferred some of the funds for humanitarian work. In response, former regime's HHK MP Armen Ashotyan, without evidence, claimed the money is being stolen. [Context: The former regime is mad because they were caught stealing Himnadram's donations in 2018. After the 2018 revolution, the Pashinyan administration busted HHK's Himnadram director with stealing the funds and using them on gambling. The director confessed and returned part of the stolen money. Himnadram then underwent a complete change in administration which raised the trust towards the fund. Now the former regime is sabotaging the diaspora's donation efforts for political gain.] More: https://armenpress.am/arm/news/1035224.html , https://news.am/arm/news/614194.html 14:14: there are over 40 suspects charged with mass riots, attempts to forcefully seize power, and overthrowing the constitutional order, after the November 10 attack on the government buildings. 5 are arrested, 5 are told not to leave the country. 70 suspects, some of whom severely beat Parliament Speaker Mirzoyan and vandalized PM's residence, were also identified. They are on the wanted list. Rioters who physically abused Pashinyan's spokeswoman Mane Gevorgyan, and broke into Azatutyun media outlet's office, are also wanted by police. Some were arrested. https://youtu.be/1qA8iJ1JXmM?t=197 https://youtu.be/kSQ389vQA8U?t=3 https://armenpress.am/arm/news/1035226.html 14:18: Opposition LHK has its roadmap: no elections necessary, PM resigns, the ruling QP party appoints new PM, the new PM appoints ministers from various political parties. [similar to what Pashinyan did in 2018 when he appointed opposition Ministers for a brief period]. https://factor.am/311328.html 14:19: Azerbaijan earlier shot a Russian helicopter in Armenia. Two Russian pilots died and one was wounded. Armenia issued them military service medals. https://armenpress.am/arm/news/1035227.html 14:49: video showing more Russian peacekeepers moving to Artsakh: https://youtu.be/o7nwWmN59d8 15:18: Italian community of Viareggio has officially recognized the Artsakh Republic. https://factor.am/311370.html 15:55: Aurora humanitarian organization will help Artsakh residents. IDeA's first aid program will begin today. They're open to humanitarian program suggestions. Link in the article: https://armenpress.am/arm/news/1035237.html 16:27: Aghdam is one of the adjacent regions that's being given/returned to Azerbaijan. Seven villages with a combined 2,000 population will be resettled elsewhere. https://news.am/arm/news/614171.html 16:42: food prices in October YoY rose +0.6%. Consumer price index +1.3%. https://factor.am/311385.html 16:44: the head of Military Control Service Movses Hakobyan had resigned on November 10th. It was announced today. https://armenpress.am/arm/news/1035242.html , https://news.am/arm/news/614169.html 17:04: will Germany follow France and ban the Turkish extremist-terrorist "Grey Wolves" organization? German Parliament will hold a discussion tomorrow. Two bills were proposed. One of them appears to be bipartisan. https://armenpress.am/arm/news/1035248.html 17:05 Healthcare Minister Torosyan: we need to build a new 250-bed center for wounded soldiers and their rehabilitation. We need to maximally use the existing resources; some of them require upgrades. This will cost approximately $5.2 million. https://armenpress.am/arm/news/1035247.html 17:09: Legatium Prosperity Index 2020 has ranked Armenia 55th in the world. That's a 23-step improvement over 2010. The strongest point was the business & investment atmosphere, with the environment being the weakest point. Georgia 53, Armenia 55, Azerbaijan 78, Iran 120. https://news.am/arm/news/614184.html 17:58: My Step charity foundation will double the number of wounded soldiers they help. The center will provide therapy, dental, and other services for 600 former soldiers. https://armenpress.am/arm/news/1035262.html 14:57: it's SNOWING in Gavar and Jermuk cities, and roads near Sevan and Aparan! Georgian roads are also snowy; the Lars transport hub with Russia is open only for large cargo trucks. https://armenpress.am/arm/news/1035233.html , https://armenpress.am/arm/news/1035253.html 17:38: Pashinyan was in Parliament to discuss various topics and answer questions. The opposition BHK and LHK parties boycotted and left. Ind. MP: do you support forming a government of national accord, which could be one of the ways to find a solution out of the current situation? Pashinyan: our task is to create an atmosphere of agreement in the country. No government can stay in power without the permission of the people. At atmosphere of agreement is not always achieved by forming [aforementioned type of govt consisted of various parties]. There is a need for agreement around two points: security and stability, and to guarantee democracy. Ind. MP: will there be changes in the government? Pashinyan: we are discussing it. Structural changes aren't being discussed right now. Full: https://youtu.be/64iJuNWbk_Q https://armenpress.am/arm/news/1035259.html , https://news.am/arm/news/614076.html 17:58: another video from November 4th showing battles on the outskirts of Shushi. [still believe it was "given away" without a fight? 🤔] Hovhannes Avagyan, one of the deputy Artsakh army commanders, was killed during Shushi battles on November 7th. He received the Combat Cross medal posthumously. https://youtu.be/yrzBbKvXFO4 https://www.panarmenian.net/arm/news/287858/ 18:18: the 16 opposition parties resumed their demonstrations. They demand the government's and Pashinyan's resignation. The police urged them to respect the Martial Law and not to gather. They will also hold a demonstration on Saturday and present a document, presumably their own roadmap. https://armenpress.am/arm/news/1035264.html , https://armenpress.am/arm/news/1035280.html 18:21 Police: body of the 27-year-old Garnik Petrosyan was found under Kievyan Bridge on November 13th. A medical examination was carried out and an investigation was launched. The examination revealed that Petrosyan was among the rioters who broke into the govt building and caused destruction on November 10th. A felony case was launched against him and he was arrested shortly afterward. On November 13th he was charged with multiple felony counts. The same day, at 8 pm, his 3-day detention period had expired so he was released from the police station. The same day, prosecutors asked the court to arrest him for 2 months before his trial. Petrosyan was questioned until 9 pm. The tragic incident happened at 10:04 pm. Social media spread rumors that he was allegedly murdered and it wasn't a suicide by jumping from the bridge. Investigation revealed a witness who was walking nearby and saw how a man grabbed a flag pole and climbed at the center of the bridge at around 10 pm. By the time the witness picked up the phone to call 911 it was too late. Immediately afterward, two other people and the witness looked down the bridge and saw the body laying on the road below the bridge. The police arrived. The witnesses were questioned. The victim was there alone. CCTV footages were examined. It showed how the victim went there by himself, climbed on the edge, and jumped. It was revealed that the victim had attempted suicide in 2010 by overdosing on medications. He was registered at a special center up until 2019, where he was taking special medication. He stopped taking them in January 2019 at his own will. [Media outlets run by the former regime, and a Telegram channel called Mediaport, had earlier circulated rumors, without evidence, that the rioter was murdered by a ruling party member Hayk Sargsyan. The latter often finds himself the target of rumors]: https://armenpress.am/arm/news/1035265.html 18:22: Ara Ayvazyan is the new Foreign Minister. He is a graduate of YSU eastern studies Arabic faculty. Served in the Soviet army. Graduated from Beirut's Haykazyan college. Worked in MFA since 1995. Served as ambassador to several states in 1996-2018. https://armenpress.am/arm/news/1035266.html 18:56: despite being told to stay home, Pashinyan supporters gathered in front of the govt building, urging him not to resign. "I came from Martakert outposts. I have participated in war since 1992, and so did my family members. They [former regime] should have purchased weapons instead of private islands and mansions," said one demonstrator. "By hitting the Parliament Speaker Mirzoyan you're hitting me." PM's aide met the demonstrators and said his resignation isn't being discussed. Pashinyan went outside to meet them and asked them to go home, "I know that there are tens of thousands of you who are ready to gather in Public Square if necessary. Thank you. I bow to all the volunteers, fallen soldiers, and their families. Go home now. If necessary, I will invite you." The police began telling the gathered crowd to leave, citing the Martial Law. Pashinyan goes outside: https://youtu.be/ueXhEKJhcwA Soldiers: https://youtu.be/vgoGD89vNeA Soldiers: https://youtu.be/KhXFjOiERY4 Soldiers: https://youtu.be/G00E049LsdY https://armenpress.am/arm/news/1035268.html , https://armenpress.am/arm/news/1035271.html , https://armenpress.am/arm/news/1035279.html 18:56: Russian humanitarian envoy will help Artsakh authorities to travel around and document the damage to civilian infrastructure. https://armenpress.am/arm/news/1035269.html 19:01: the army published names of soldiers who committed acts of bravery during the war. Lt. Colonel Ryurik Semyonov blew up 2 Kamaz trucks full of ammo, 2 anti-tank equipment, 3 tanks, 8 cars, 1 TR artillery unit. Lt. Colonel Arthur Qaramyan destroyed 3 and captured another 3 tanks. He helped to save 600 soldiers from encirclement. Private Suren Gabrielyan shot 6 armored vehicles and 2 tanks. Lieutenant Tigran Petrosyan shot 6 tanks. More: https://factor.am/311564.html 19:04: a soldier uploaded a video from trenches saying the army wasn't properly prepared and that the trenches have been in poor shape for 30 years. "Not deep enough to defend against explosions." He says this Martakert position was defended during the war despite the poor condtions. https://youtu.be/aWPzBZwk2j4 20:54: the opposition ended today's demonstration and promised to return at 2 pm on Saturday. They called for PM's resignation again. HHK Shawarmazanov said, "we won't engage in active politics if he resigns". Opposition Arthur Vanetsyan announced plans to participate in elections if they take place now. https://youtu.be/ZAuGcDRJ3uk https://news.am/arm/news/614243.html , https://news.am/arm/news/614239.html , https://factor.am/311610.html 21:05: the City Council of Paris has a resolution that urges the Paris mayor to ask the French MFA to officially recognize the independence of the Artsakh Republic. It takes into account a recent push by 15 French mayors to recognize Artsakh, Azeri-Turkish aggression and the use of hired jihadists, war crimes against Armenian civilians, destruction of 80% of infrastructure objects in Stepanakert (including schools and clinics). Full: https://armenpress.am/arm/news/1035284.html 21:11: Azerbaijan's opposition National Front criticized the govt for placing Russian peacekeepers on the borders with Artsakh. They held a demonstration and chanted "Putin, leave. Turkey, come." https://factor.am/311609.html 21:57 photos: these boys defended the borders: https://hetq.am/hy/article/124436 Here are the tankists: https://hetq.am/hy/article/124452 22:02: the government of Armenia and Artsakh formed a joint committee to coordinate humanitarian work. 1) Social issues 2) Education 3) Healthcare 4) Business environment 5) Infrastructure repair. https://armenpress.am/arm/news/1035291.html 22:50: Nations League Soccer Spoiler Alert! The Armenian team defeated Northern Macedonia 1-0, after winning the match against Georgia a few days ago. For the first time ever, the team, led by Spanish expert Joaquin Caparros, is the leader in its group. What does this victory mean? This tournament has four tiered Leagues: A, B, C, D. League A contains the "best" countries who compete for the champion's cup. The teams in lower leagues compete to climb up to higher leagues, with the ultimate goal of making into League A and winning the cup. Armenia has just advanced from League C to League B. https://armenpress.am/arm/news/1035292.html https://en.wikipedia.org/wiki/2020%E2%80%9321_UEFA_Nations_League 23:40: A1+ outlet wants to restore its TV broadcasting rights. They were suspended by the Kocharyan regime. They insisted it was politically motivated for their opposition views. The media outlet was targeted for covering the March 1st, 2008 events. Several outlets are currently competing for public airway licenses. The winners will be known in January. The TV regulator said those with the best programming will receive the license. https://www.armtimes.com/hy/article/201204 23:47: The French Senate will discuss the need to recognize the Artsakh Republic. Presidents of the five largest parties supported the idea to hold a discussion. http://www.civilnet.am/news/2020/11/18/Ֆրանսիայի-Սենատը-որոշում-է-կայացրել-քվերակության-ներկայացնել-«ԼՂՀ-ճանաչման-անհրաժեշտության-մասին»-բանաձևի-նախագիծը/408863
It's full of curse words to make it more palatable. Google Doc Here President Endorsement: Joe Biden As a nation, we cannot continue to plummet into a fascist regime. The most change happens locally, and so please pay attention to the less sexy details. US Senate Louisiana Endorsement: Adrian Perkins Close your eyes and imagine a world where Mitch McConnell is not our majority leader. Feels good, right? Well, it is gonna be an uphill battle that starts with Adrian Perkins. To win this election over incumbent, Bill Cassidy, would be a multifaceted victory. Cassidy vehemently opposes climate change, medicare for all, abortion access, mail in ballots and continuing unemployment stimulus amidst Covid-19. Perkins has the exact opposite platforms. Perhaps, most importantly, he wants to overturn Citizens United. Holy shit. Now a girl can really dream. And finally, fun fact- if Perkins wins, he would be the first black senator to represent Louisiana since 1887. US House Louisiana District 2 Endorsement: Colby James Oh, what a gerrymandering mess the second congressional district is. The Republicans that drew out this district really wanted to pack all the minorities together essentially guaranteeing there is only one Democratic seat up for grabs in the House of Representatives. Since all this gerrymandering has pretty much ensured the incumbent and Democratic darling Cedric Richmond the election, I feel comfortable indulging the third party voter locked deep in my heart for this election -not a game I’m willing to play with the rest of the ballot. We all know that Democrats and Republicans are two wings of the same bird that only serve the interest of the rich. That is why Colby James has caught my eye. James understands that you cannot truly fight corruption in government. He instead has a plan to work around the corruption to actually serve the people. The plan includes implementing new social aid programs, changing the federal tax code, and instituting a racial wealth divide audit. There I go dreaming again. Associate Justice Supreme Court 7th District Endorsement: Sandra Cabrina Jenkins Whoever wins this election will be the only black female to sit at the Supreme Court bench amongst the six white men. While there are three very capable candidates to fill the seat of the esteemed Chief Justice Johnson, Sandra Cabrina Jenkins is my favorite option. Piper Griffin seemed to rely too much on stock answers in the debate and seldom actually had details or formulated a well-rounded plan. Terri Love is a very compelling candidate, especially as she talks about holding transparency in the courtroom. Love understands the importance of community education and engagement. She wants to utilize social media to inform the public about judicial issues. This community outreach plan even involves “School House Rock like videos” to explain the issues in more palatable ways. Although I would love to see more dancing legal bills, it was not enough to stray my attention from Jenkins. Jenkins speaks in depth about the need to collaborate with legislation in order to obtain the real changes we seek in the justice system. This is particularly important for getting more funding allocated to the courts so that the financial burden of fines and fees can be taken off defendants. Furthermore, Jenkins wants to be present during legislature hearings in order to educate the policy makers on the issues within the judiciary branch. This is how we see real progressive reform.Ultimately I believe Jenkins is the best candidate to fill this seat because Griffin and Love talked of compromise with the other conservative judges, while Jenkins promised to always maintain her position and write powerful dissents that could eventually pave out the future we all deserve. I want a Justice with the balls to stand up to six white men. Orleans Parish District Attorney Endorsement: Jason Williams New Orleans has the highest incarceration and false conviction rate in the world. This alarming statistic is the fault of the District Attorney. Fuck crooked Leo Cannizzaro. We deserve better. One of the most important names on this ballot is Jason Williams. Something that reiterates throughout the debates is that he will not try a case that does not deserve to be on the desk of the prosecution. He says, ”just because we can win the case doesn’t mean we should try the case.” This means dropping menial cases that relate to mental health issues, drug addiction, nonviolent offenders, and unjust arrests through practices like stop and frisk.Williams goes on to denounce unjust arrests like incarcerating people for material witness – a practice of Leo’s that has been exclusively used against minorities. Furthermore, he is the only candidate who does not want to ever try juveniles as adults. He is also the only candidate to consistently condemn the death penalty. Arthur Hunter is not prepared. Keva Landrum is a vote for the status quo. Jason Williams is the candidate New Orleans deserves. Judge Civil District Court Division E Endorsement: Omar Mason Omar Mason is the incumbent and the chair of a committee that oversees the Covid procedures in the civil court. He has been endorsed by Forum for Equality, Voters Organized to Educate, Independent Women’s Organization, and Alliance for Good Government. Diane Alexander’s campaign website offers no compelling information that renders her more deserving of the job. Judge Civil District Court Division F Endorsement: Chris Bruno It ain’t often that an election for civil court gets juicy, but here we are. These two candidates found themselves in court over a heated fight regarding an attack ad. In this ad Jennifer Medley accused incumbent Chris Bruno of being a “deadbeat dad". Their day in court divulged into Bruno’s messy divorce, but did not produce enough evidence for Medley to be allowed to air the ad. But here is where things get good. Bruno’s defense was that Medley was carrying out revenge for fuckface Sidney Torres. Torres lost a case in Bruno’s courtroom last year, and has since been endorsing Medley. Torres called the ad “clear as day.” Anyone endorsed by a man who wants to put our entire city up for sale is not someone I want to vote for. Judge Civil District Court Division G Endorsement: Schalyece Harrison A neighbor of mine worked in close proximity with Schalyece Harrison at City Hall and fucking loved her. She describes Harrison as always prepared, respectful and competent. Not things you see often in City Hall. As the Administrative Hearing Officer, Harrison currently oversees safety and permits, short term rental violations, historic districts, and code enforcement. Think of all this as bootcamp. If she can stay prepared, respectful and competent with all this one her plate, Harrison can definitely run a courtroom. Judge Civil District Court Division I Endorsement: Elroy James Man, it is tempting to vote for Lori Jupiter solely because she was a research attorney for Chief Justice Johnson and so you know she has a sharp legal mind, but I would rather vote for a judge that emphasizes compassion. Jupiter has no promise on her campaign page to advocate for the disenfranchised. What she does have is an endorsement from the Sheriff and City Council, and so it is pretty clear that her candidacy is more of the same old status quo. Elroy Judge wants to “restore your faith in justice.” His campaign is centered around compassion and respect which is certainly something our courtrooms need more of. Judge Civil District Court Domestic Section 1 Endorsement: Bernadette D’Souza Bernadette D’Souza is the president of the National Association of Women Judge. She presented on “Integrated Domestic Violence Courts” at the United Nations Convention. For fucksake, she was invited by Pope Francis to speak on “Equal Access to Justice: The Importance of Civil Legal Aid and Delivery of Justice to Eradicate Poverty” at the First Pan American Judges Summit. Her opponent LaKeisha Jefferson might be good, but not that good. Judge Criminal District Court Section A Endorsement: Laurie White Dennis Moore is campaigning on “streamlining” and “modernizing” the courtroom. That was not enough to convince me that he is more qualified than the incumbent, Laurie White. White is a progressive judge who applies reasonable bonds, mental health care, and drug rehabilitation over just incarceration. In fact, she is in the midst of a three year, million dollar grant dedicated to drug treatment. While Moore might like to present himself as a more progressive candidate, there are obvious limitations to his plans. For instance, when asked about how he would uphold transparency of prosecutor case files, Moore said that he would allow the defense access to the prosecution's office. But what public defender has time to go to the prosecution's office? White puts the burden on prosecution to deliver this information. Moreover, White is much more realistic about repealing conviction fees. Moore wants to abolish these fees with no alternative plan on how to maintain the courts. White, while not opposing these fees, knows that the state legislature needs to allocate more money to the courts in order to alleviate this directly from the defendants who are often financially struggling. Essentially Moore is making false promises. Still, perhaps my favorite thing about White is that she has been a constant critic of crooked Leo Cannizzaro. Because, once again, fuck that guy. Judge Criminal District Court Section D Endorsement: Graham Bosworth Since there was no debate for this seat, I am following the endorsement by Nola Defenders for Equal Justice. “Graham has been an advocate for a fair judiciary throughout his career, as a public defender, and a Pro Tem judge in criminal district court. Graham has the legal training to make a knowledgeable judge. He serves as a Chair of the LA Bar’s criminal Justice Committee, and previously served as the Co-Chair of the Subcommittee on Incarceration Reduction. Graham understands how it feels to appear in front of a judge. He vows to treat everyone in his courtroom with respect.” Judge Criminal District Court Section E Endorsement: Derwyn Bunton Rhonda Goode-Douglas declined to partake in the debate, which gave me a full hour to listen to the soothing voice of Derwyn Bunton. The timbre of his voice aside, Bunton is an amazing candidate for judge. He refuses to accept the common mentality of a judge dismissing injustices in the courtroom as not their responsibility. New Orleans is both the incarceration and false conviction capital of the world. Bunton promises to withhold his signature from material witness arrests, fake subpoenas, illegal warrants, and hold prosecutors withholding evidence in contempt of court. These are all necessary measures to balance the scale currently tipped in the favor of prosecution to achieve true justice. Bunton has also promised to give five dollar bonds in nonviolent cases where the law mandates a bond. That’s freedom for the price of a footlong. So why did Goode-Douglas opt to skip this debate? Well there were still questions asked that were clearly meant for her. I guess she has a history of imposing conviction fees to punish those represented by a public defender. Judge Criminal District Court Section G Endorsement: Nandi Campbell Nandi Campbell is a career-long criminal defense lawyer. She understands the racial and financial injustices that are prevalent in the courtroom. While some of her plans for reform might seem overly idealistic, I would much rather see her win this seat than her opponent Lionel Burns. Burns has some very dangerous preconceived notions about equity in the courtroom. Most upsettingly, he is of the opinion that defendants requesting public defenders are “taking advantage of the system.” Burns insists that fifty dollars is too nominal of a fee for this service. By ”service” does he mean constitutional right to legal counsel? Burns goes on to say that defendants always have money for bail, and then go on to request a public defender as if it were a hand-out. So this dude is saying that if someone falls into the predatory system of bail bonds for sake of their freedom, they should have the money for private defense. That’s some bullshit. Finally, Burn’s demeanor in the debate is unprofessional. He takes little jabs at Campbell and shakes his head while she speaks. This is not how I want a judge to behave. Please vote for an idealist over an asshole. Judge Criminal District Court Section K Endorsement: Charles “Gary” Wainwright Yes, Wainwright's mustache might be unnerving, but he is the best candidate for this election. In his thirty years of experience in New Orleans courtrooms, he prides himself in being consistently liberal and tuned in to the intricacies of the system and its racial injustices. His plan to expedite the docket bogged down by Covid is to take all drug cases and “throw ‘em in the garbage.” In the middle of the debate, he holds up a handwritten sign that reads, “NO MORE DRUG WAR.” Meanwhile, the other candidates only provide vague information on plans, stock answers, and very much reflects the status quo of the system. It certainly also helps that Wainwright slams our crooked Leo Cannizzaro, and calls Trump “Criminal in Chief.” He sure is quotable. Judge Criminal District Court Section L Endorsement: Angel Harris Since there was no debate for this seat, I am following the endorsement by Nola Defenders for Equal Justice. “As a public defender and a civil rights lawyer, Angel has watched those in power disregard people simply because they were given the label ‘criminal.’ As judge, Angel will give every person the opportunity to stand before a judge who is impartial and fair. Angel will work to stop criminalizing poverty through the use of money bail and exorbitant fines and fees. Angel will expand the use of alternatives to incarceration, promoting a system rooted in rehabilitation, not mass incarceration.” Magistrate Section Criminal District Court Endorsement: Steve Singer Since there was no debate for this seat, I am following the endorsement by Nola Defenders for Equal Justice. “As a public defender and law professor, Steve has dedicated his career to the principle that money should not determine someone’s freedom. As judge, Steve will work to transform the Magistrate court from a system that processes people into incarceration to a court that works to serve our community. Steve will end money bail and incarceration first policies that criminalize poverty.” Judge Juvenile Court Section A Endorsement: Clint Smith Clint Smith is campaigning on putting the child first. He speaks on “engaging the family as a whole, as well as professionals and community-focused organizations, to collaborate across systems and support our youth before, during and after sentencing occurs.” This is a hell of a lot more than any of the other candidates. Kevin Guillory and Geraldine Baloney do not even have campaign pages. When you look-up Marie Williams all you get is a controversy in which the former Judge of this court, Frank Marullo, and her got caught up in a bribe. So if campaign style is any indicator of the work ethic that these candidates will invest in this job, the only suitable candidate is Clint Smith. Judge Juvenile Court Section F Endorsement: Tenee Felix Since there was no debate for this seat, I am following the endorsement by Nola Defenders for Equal Justice.”Tenne Felix is a brilliant, caring, competent professional. She thoroughly researches and litigates her cases and works tirelessly for her clients. Tenne is always prepared and organized for court. She forms strong relationships with the children she represents as well as with their families… she truly understands childhood development needs and obstacles.” Judge Municipal and Traffic Court Section A Endorsement: Meghan Garvey Incumbent Paul Sens does not deserve to even be a judge of a fucking dancing competition. The Inspector General has accused Sens of nepotism and is quoted, "I've never heard of a case where so many relatives of the leader of the organization were working at the organization." Sens shares a close relationship with Sheriff Marlin Gusman whose career goal was to expand the prison system. I have watched his demeanor in court which is aloof, at best. Sens seldom addresses the defendants and never asks for qualifying information from the prosecution or defense. Yet, he still manages to have a huge backlog on his docket. Meghan Garvey deserves the seat at that bench. Garvey wants to implement staggered subpoena times, hold remote courts in less accessible neighborhoods and develop childcare programs for parents attending court. These are three community focused ways in which she can begin to clean the mess of a backlog that Sens has created. Judge Municipal and Traffic Court Endorsement: Charlene Larche-Mason Since there is absolutely no campaign information available about Alexandre Bonin available online, by default my endorsement goes to Charlene Larche-Mason. It is kinda ironic because Larche-Mason is responsible for digitizing the city attorney’s office. She wants to apply similar technological innovations in this courtroom. With the looming threat of Covid, hurricanes, and government cyber-attacks (remember those?), it is imperative to have virtual courts done right. Member of School Board District 7 As a disclaimer, I only researched the school board election for my district. Endorsement: Jamar Wilson Nolan Marshall has had his seat on the board for eight years. Let’s knock out the incumbent with someone willing to do the work to actually create positive changes in schools. Jamar Wilson is that candidate. He openly supports that police officers in schools be replaced with social workers. He also wants to include parental and student voices on the accountability framework. I believe this promise, because his campaign has been significantly more engaging than the other two candidates. Amendment 1: No Right to Abortion Endorsement: No It fucking kills me to see the feminist legacy of the late Justice Ginsburg being thwarted by the nomination of Amy Coney Barret. This bill would essentially be undoing Ginsburg’s lifetime of work as a one-two punch. Denying women access to abortion is denying women equal rights and opportunity. Abortion is healthcare. With the federal threat of overturning Roe v. Wade under Barret, I urge you to protect women in Louisiana and vote no. Amendment 2: Include Oil and Gas in Tax Assessment Endorsement: Yes The idea behind this bill would be to allow tax assessors the ability to quantify the worth of a well, based on the production of oil and not the cost of building a replacement. Essentially, it is a more accurate way to assess property value. This bill has unanimously passed through our state House of Representatives and Senate without public criticism. Is it too optimistic to think this might elicit higher taxes on this billion dollar industry? Oil money, oil, money, oil money. Amendment 3: Use of Budget Stabilization Fund Endorsement: Yes Alright, so this bill would allow the legislature to use up to one third of the state’s “Rainy Day” fund, in the event of a federally declared emergency. It would still require a two-thirds majority vote through the House and the Senate to access this fund. Hurricanes are an obvious financial concern. Should this bill be denied, the State would have to continue to find the money needed for reconstruction somewhere else in the budget. And do you know what always gets cut first? Fucking education, social programs, and healthcare. Just let our politicians take the damn money from the “Rainy Day” fund instead. Amendment 4: Expenditures Limit Growth Endorsement: No Tax and expenditure limits are self-imposed restrictions that state governments create to restrict the amount they can tax or spend. Sounds sexy, right? Long term studies of states with expenditure tax laws in place do not actually have a positive impact on growth because of structural deficits and higher borrowing costs. Furthermore, critics of the bill fear that limiting growth will only hurt education and healthcare. Not so sexy now. Amendment 5: Payment in Lieu of Property Taxes Endorsement: No I am having trouble reading about this bill and finding any merit. What the politicians deem an “incentive” for manufacturers to conduct business in Louisiana really just seems like more corporate handouts. I mean, are we really proposing another way for businesses to get out of paying their fair share of taxes? And the cherry on top of this fucking bill is that it is supported by the Louisiana Sherriff’s Association. Amendment 6: Homestead Exemption Special Assessment Income Limit Endorsement: Yes Do you like old people? Do you want old people to be able to retire and not lose their homes? Cool, you’re a human. Special assessments freeze the property value on a home, so that their taxes cannot go up. This bill would expand this benefit to those making less than $100,000 annually. But old people are not the only ones who qualify. So do veterans, surviving spouses of veterans, and the totally disabled. Give these folks stability and peace of mind by voting yes. Amendment 7: Unclaimed Property Personal Trust Fund Endorsement: No Louisiana very well may owe you money. Every year, millions of dollars that you overpaid in taxes, insurance and bills goes to the State Treasurer’s Unclaimed Property Program. The purpose of this program is to find you and return your money. Perhaps, because of technological innovations, this program worked better than ever in 2019 and now the Treasurer is worried they are going to run out of money. But even with the increase in claims, there was still $12 million bucks left in the program. This bill would lock that $12 million in a trust just in case they run out of money instead of being allocated towards education and healthcare as the system currently allows. PW Authorize Sports Wagering Activities Endorsement: Yes We eat crawfish and wear cotton-blended shirts without fearing the wrath of god. Maybe it is okay to gamble on sports too.
Your gambling winnings are generally subject to a flat 24% tax. However, for the following sources listed below, gambling winnings over $5,000 will be subject to income tax withholding: Any sweepstakes, lottery, or wagering pool (this can include payments made to the winner (s) of poker tournaments). Once completed you can sign your fillable form or send for signing. All forms are printable and downloadable. Form W-2G Certain Gambling Winnings 2019. On average this form takes 37 minutes to complete. The Form W-2G Certain Gambling Winnings 2019 form is 7 pages long and contains: 0 signatures. 9 check-boxes. The US uses a flat 25% tax rate on all gambling winnings. Taxes are applied to all gambling, including sweepstakes and other prizes. When you hit a taxable win in a physical casino, you’ll get a... Thus gambling winnings should be considered in the same income section of the 1040 form and the losses up to the amount of the winnings would be indicated on the second line. The gambling winnings would then be determined by subtracting losses from winnings. Since this is done before the taxable social security and allowable medical determinations, the senior tax payer would not be unfairly ... Form W-2G. Both cash and the value of prizes are considered “other income” on your Form 1040.If you score big, you might even receive a Form W-2G reporting your winnings. The tax code requires institutions that offer gambling to issue Forms W-2G if you win:. $600 or more on a horse race (if the win pays at least 300 times the wager amount); Gambling and lottery winnings is a separate class of income under Pennsylvania personal income tax law. See 72 PA C.S. §7303(a)(7). Between July 21, 1983 and Dec. 31, 2015, all prizes of the Pennsylvania Lottery were excluded from this class of income. As a result of Act 84 of 2016, cash prizes of the Pennsylvania Lottery that are paid on or after Jan. 1, 2016, are included in this class of ... All forms are printable and downloadable. Certain Gambling Winnings Form W-2G 2019. On average this form takes 45 minutes to complete. The Certain Gambling Winnings Form W-2G 2019 form is 7 pages long and contains: 6 signatures. 9 check-boxes. 150 other fields. Gambling winnings are reported as Other Income on Schedule 1 (Form 1040) Line 8. While you may be able to deduct your gambling losses, gambling winnings are not directly offset by gambling losses in your tax return. You must be able to itemize deductions on Schedule A to deduct gambling losses and can only deduct an amount up to the amount of your gambling winnings. You may or may not have ... winnings and any federal income tax withheld on those winnings. The requirements for reporting and withholding depend on the type of gambling, the amount of the gambling winnings, and generally the ratio of the winnings to the wager. File Form W-2G with the IRS. You must provide a statement to the winner (Copies B and C of Form W-2G). The types ... Gambling Winnings. A payer is required to issue you a Form W-2G, Certain Gambling Winnings if you receive certain gambling winnings or have any gambling winnings subject to federal income tax withholding. You must report all gambling winnings as "Other Income" on Form 1040 or Form 1040-SR (use Schedule 1 (Form 1040) PDF), including winnings ...
Guide to IRS Form W-2G Certain Gambling Winnings ...
Don’t Let IRS Take Your Winnings Away! Be Smart, Understand Income Tax On Casino Winnings in 2019 by Watching a Short Video on Our Official Website!https://r... Find out how gambling income and losses can affect your federal taxes. For more information, go to https://www.irs.gov/forms-pubs/about-form-w-2-g. #lot #tax... The "Lucky 7s Gambling Winnings & Losses Tax Tip". Gambling winnings are taxable income, learn what you need to do when lady luck comes your way. How to write off losses against any gambling winnings on your tax return. It might seem like gambling is one of those activities that the IRS has nothing to do with. But according to the US tax laws, the IRS considers gambling inco... In order to claim gambling losses as deductions on a tax return, records must be kept of all winnings and losses during the whole year. Understand all the im... A quick video on how gambling losses are deducted on your tax return. ... Guide to IRS Form W-2G Certain Gambling Winnings - TurboTax Tax Tip Video - Duration: 3:25. https://turbotax.intuit.com Have you recently won big at the poker table? Before you go spending your winnings, you should watch this video and determine how... Whether its slots or the ponies, Gambling winnings are taxable. Learn what is taxable and how to offset those gains. If you play the ponies, play the cards, or pull the slots, your winnings are taxable. You must report them on your tax return. If you gamble these IRS tax t...