meantime, former hewlett-packard ceo and jeffrey katzenberg closing a 1 billion dollar funding round or media company is getting in early. let's get out to julia borsten sitting down with whitman and katzenberg. >> thank you both so much for joining us today after announcing this big news, a bill billion dollars from every major media company pretty much and alibaba and banks as well. what will you do with the billion dollars? >> it's about the billion dollars but more importantly every single major hollywood studio joined in this round along with as you pointed out technology companies and strategic financial investors, a platform optimized for easy on the go mobile viewing and allows top talent in hollywood to tell stories in an entirely new way. >> so we're going to use the money for content and help in those story tellers tell stories in a new way which is fwgoing to be premium content delivered in bite sized fort mats. >> does that mean they are committed to provide ag certain amount of content? >> the hollywood studios want to provide con tent for the new platform because it's a

jeffrey ca jeffrey katzenberg raising money for a new platform they call new tv which they plan to launchd the end of next year. they haven't announced how much they'll charge for this subscription service but katzenberg telling me the focus on high quality, professionally generated content that's short form and designed to be watched on your mobile phone and not the television set is a new niche. >> i think what we are building both in terms of what meg is designing in terms of the platform itself and to make this a mobile first product, that is not the case for any of the people that you just named, take netflix, less than 10% of netflix, less than 10% of hulu viewing is mobile. and it is not optimized for it either the content itself which is primarily an hour length is not optimized for on the go, in between viewing. >> now, the one billion investment is coming from a range of different media companies, including disney, fox, sony, nbc universal, cnbc's parent company, alibaba and others meg whitman says they'll benefit from alibaba's platform, they also have their own engineering tea

yesterday jeffrey katzenberg announced newtv. another streaming service.an disney with the world's best cache of content compete that remains to be seen. >> certainly a hyper competitive environment in the media landscape for sure disney is a big player in it porter bibb, thank you very much for joining us >>> we are just getting started on "worldwide exchange." up next we're talking pizza, dating and disappearing messages three big stocks that need to be on your radar. >>> and later one of tv's most iconic homes has a new owner we'll tell you who bought the brady bunch house when we return it's all so... smart. but how do you work with it? ask this farmer. he's using satellite data to help increase crop yields. that's smart for the food we eat. at this port, supply chains are becoming more transparent with blockchain. that's smart for millions of shipments. in this lab, researchers are working with watson to help them find new treatments. that's smart for medicine. at this bank, the world's most encrypted mainframe is helping prevent cybercrime. that's sm

she moved on, of course, with jeffrey katzenberg but hp reporting earnings after the bell last night.quarter net revenues it was up 4% 1% when just adjusted for currency most importantly the company did raise the 2018 gap to $1.85 to $1.90. and as well as nongap also moving up. new outlook $1.50 to $1.55 so raising that return 1.1 billion to shareholders above free purchases and dividends and raise the quarterly cash dividend by 50% aligned with what they indicated previously would be the case and you can see a positive response for what has been a fairly good year of shares of hp after last year not the case the stock up about 19.5 or 20% this year. >> i want to bring up campbell's soup our interests collide here as an update tomorrow is the day this company is supposed to release the results of its strategic review and its earnings which have promised the last time it reported which was the time where it was revealed that denice morrisson, seven-year ceo would be abruptly stepping down. all sortsds of questions about what the review will entail. it doesn't look like they're heading