Tag Archives: Disney

Disney (DIS) reported fiscal fourth-quarter earnings on Tuesday after the bell, missing on both the top and bottom lines. Macroeconomic challenges, including the global advertising slowdown, weighed on earnings as the company also battled higher-than-expected streaming losses. Disney stock moved lower on the heels of the report, with losses accelerating as investors digested the results — down as much as 10% in after-hours trading. Here are Disney’s fourth-quarter results compared to Wall… Source link

Disney CEO Bob Chapek wants to combine personal consumer data from the Disney+ streaming service and Disney parks to give customers a unique experience. Chapek, speaking at The Wall Street Journal’s Tech Live conference, said the company is working on ways to combine two main businesses consisting of parks, experiences and … Source link

Former Disney CEO Bob Iger said on Wednesday the entertainment giant had determined that a “substantial portion” of Twitter’s users were “not real” in 2016, when Disney was weighing a purchase of the social network.Iger said the Walt Disney Co. and Twitter Inc. boards were prepared to enter negotiations when he got cold feet. He said that, with Twitter’s help, Disney had learned that “a substantial portion — not a majority -” of users were fake.“I remember discounting… Source link

By Dawn Chmielewski and Sheila Dang (Reuters) – Former Disney CEO Bob Iger said on Wednesday the entertainment giant had determined that a “substantial portion” of Twitter’s users were “not real” in 2016, when Disney was weighing a purchase of the social network. Iger said the Walt Disney Co and Twitter Inc boards were prepared to enter negotiations when he got cold feet. He said that, with Twitter’s help, Disney had learned that “a substantial portion – not a majority -” of users were fake. “I… Source link

Dan Loeb is once again bullish on Disney (DIS). According to a letter the activist investor sent to CEO Bob Chapek, Loeb’s Third Point has repurchased “a significant stake” in the media giant, causing shares to rise 2%. Loeb, who previously held a stake in the company from 2020 to early 2022, praised Disney’s positive Q3 earnings results, citing strength in Disney’s streaming business. “We’re particularly pleased to see the strength in DTC subscriber growth, the key driver of Disney’s… Source link

Disney (DIS) has inked a deal with Korean pop band BTS. The world-famous band will appear in two exclusive shows on Disney’s streaming services after the media conglomerate struck a deal with the band’s label Hybe Co. Disney confirmed to Yahoo Finance that the two companies will produce five streaming titles, including three exclusive projects (docuseries, concert film and reality show) that feature BTS or BTS members. The titles will air on Disney+ in all Asian markets and all international… Source link

Disney (DIS) reported second quarter financial results after the bell on Wednesday that missed on both the top and bottom lines, although net additions for its fledging streaming platform Disney+ came in at 7.9 million, well above estimates of 4.5 million. The surprise upswing caused shares to climb as much as 5% in after-hours trading; however, Disney quickly erased those gains during the company’s earnings call in which CFO Christine McCarthy warned on both a tough economic environment as… Source link

Disney (DIS) versus DeSantis. As the media conglomerate continues to grapple with the aftermath of Florida Governor Ron DeSantis revoking the company’s special tax district, business leaders around the globe are contemplating their own company values as political issues take center stage. “I don’t think [Disney CEO Bob Chapek] did his homework,” Bill George, a Harvard Business School professor and former chairman and CEO of medical device company, Medtronic, told Yahoo Finance. “We’re in a… Source link

Republicans used to argue that government should get out of the way and leave businesses free to work their capitalist magic. Ronald Reagan is so passé. In Florida, Texas and other GOP states, Republicans are now enlisting businesses in culture-war politics and punishing them if they don’t go along. Disney is now in a standoff with Florida Gov. Ron DeSantis and other state Republicans over a new law banning instruction on sexual orientation and gender identification among young… Source link

Direct-to-customer streaming is now a focus for Disney, and today it took another step in organizing that business by announcing a new CTO for the Disney Streaming business unit that includes Disney Plus, Hulu, ESPN Plus, and Star Plus. Jeremy Doig is a tech industry veteran with several decades of experience including stints with the BBC and Microsoft, and who has worked for Google for the last 18 years. Variety reports that Doig will take over for Joe Inzerillo, who helped build Disney… Source link