Tag Archives: Disney

Disney’s ad tier officially launched Thursday as the media giant looks to curb accelerating streaming losses. “We expect Disney to generate anywhere from about $500 million to even up to $1 billion dollars in ad-supported revenue on the Disney+ product in their first year of operation,” Geetha Rangathan, analyst at Bloomberg Intelligence, told Yahoo Finance Live. Rangathan said ad-supported revenue rise by up to $3 billion over the next three years, reiterating her confidence in the media… Source link

Disney (DIS) shares rose Monday following news Bob Iger replaced Bob Chapek as CEO, effective immediately. And the longtime CEO’s impact is already being felt upon his return. On Monday, Iger made his first big move as CEO — firing Kareem Daniel and restructuring Disney’s Media and Entertainment Distribution (DMED) division. DMED was one of Chapek’s first big swings as chief executive, but the reorganization was categorized as a controversial move that upset longtime veterans and reportedly… Source link

Disney (DIS) has some serious decisions to make now that Bob Iger has returned as CEO. One question includes the murky future of ESPN and whether or not the media giant should consider spinning off the popular sports network — a suggestion previously made by Third Point’s Dan Loeb. Loeb argued ESPN would have greater flexibility to pursue business initiatives, such as sports betting, if it was not part of Disney. “We’re very much against spinning off ESPN… that’s the dumbest thing ever,”… Source link

Wall Street seems to love this comeback story. Disney (DIS) stock soared early Monday, rising as much as 9% in early trading, after the media giant announced that former CEO Bob Iger will return to lead the company as its chief executive officer, effective immediately. Iger replaces Bob Chapek, who has stepped down from his position after less than three years on the job. Wall Street analysts, at first glance, appear optimistic the decision will improve the fortunes for a stock that has lagged… Source link

What’s old is new again at Disney (DIS) — Bob Iger is officially back as CEO. In a shocking turn of events, the media giant announced late Sunday that Iger will return to lead the company as its chief executive officer, effective immediately. Iger replaces Bob Chapek, who has stepped down from his position after less than three years on the job. Iger spent more than four decades at Disney, including 15 years as its CEO. According to the company, Iger will serve as CEO for two years, with a… Source link

What’s old is new again at Disney (DIS): Bob Iger is officially back as CEO. In a shocking turn of events, the media giant announced late Sunday that Iger will return to lead the company as its chief executive officer, effective immediately. Iger replaces Bob Chapek, who has stepped down from his position after less than three years on the job. Iger spent more than four decades at Disney, including 15 years as CEO. According to the company, Iger will serve as CEO for two years, with a mandate… Source link

Disney (DIS) is reining in its spending after the company reported weak fourth quarter earnings, which sent the stock plummeting to a new 52-week low as investors zeroed in on the media giant’s widening streaming losses. In an internal memo obtained by Yahoo Finance, Disney CEO Bob Chapek told division leaders on Friday that the company has established “a cost structure taskforce” to help Disney+ reach its profitability targets. “As we begin fiscal 2023, I want to communicate with you directly… Source link

Disney (DIS) faces an ultra-competitive landscape as it gets ready to roll out its $7.99 Disney+ ad tier in December, one month after Netflix’s (NFLX) much-anticipated debut. Despite the slowdown in ad spending, analysts remain bullish on the profitability prospects of ad-supported services. That said, investors will be watching Disney’s execution carefully as the fight for ad dollars escalates. “Disney has a burden of the brand where there’s a higher expectation in the quality of the ads… Source link

Disney (DIS) laid out key levers it can pull to help battle a potential recession — as the media giant’s theme parks business showed signs of weakness in the fourth quarter. On the earnings call following the disappointing results, Disney CFO Christine McCarthy noted that the company has tools, both new and old, that it can utilize to keep its parks business afloat should consumers pull back spending. According to the executive, one tool includes discounting — something that McCarthy noted… Source link

Disney (DIS): Despite reporting record full-year sales, Disney shares fell 6% in extended trading after missing on both the top and bottom lines in its fiscal fourth quarter. The company posted adjusted earnings of 30 cents a share on sales of $20.15 billion. Disney+ added 12 million subscribers during the quarter, topping estimates, but streaming losses grew to $1.5 billion, up from $630 million a year ago. Despite widening losses, CEO Bob Chapeck told investors he “still sees Disney +… Source link