Tag: $Disney

Shares of Netflix NFLX –1.44% and Walt Disney were rising Wednesday after Hollywood writers agreed to a deal to end their strike.

Disney hasn’t yet decided what it will do with ABC and other traditional broadcast television channels, a spokesman said.

Walt Disney  and Charter Communications have come to an agreement to end an 11-day long channel blackout that has kept nearly 15 million Spectrum cable subscribers without college football, U.S. Open tennis, Good Morning America, and Dancing With the Stars—just in time for Monday Night Football.

Charter Communications  wants Walt Disney to rethink the cable bundle. Disney is perfectly happy with how things are currently, thank you very much. An unstoppable force has met an immovable object—and Disney stock is paying the price. Not much has changed for our stock pick, however. Disney stock still looks too beaten up to ignore.

Subscriber losses continued over the last three months, with the company reporting 146.1 million Disney+ subscribers during the most recent quarter, a 7.4% decline.

Online sports-betting company Penn Entertainment Inc. sealed a $1.5 billion deal with Walt Disney Co.’s ESPN to launch ESPN Bet, a branded sportsbook for fans in the U.S., and pivoted away from Barstool Sports on Tuesday, selling the platform back to founder Dave Portnoy.

Disney CEO Bob Iger opened the door to selling the company’s linear TV assets as the business struggles during the media industry’s transition to streaming and digital offerings.

NEW DELHI, July 12 (Reuters) – Walt Disney (DIS.N) is exploring options to sell or find a joint venture partner for its India digital and TV business, a source with direct knowledge said on Wednesday.

The Flash, a Warner Bros Discovery Inc. film based on the super-fast DC Comics hero, topped the box office this weekend with a lower-than-expected $55.1 million in domestic ticket sales.

Walt Disney said CFO Christine McCarthy would step down, and the entertainment company named another veteran executive, Kevin Lansberry, to act as interim CFO starting July 1.

Disney on Tuesday revealed a shake-up of its movie release calendar, delaying several entries in the Avatar, Marvel and Star Wars franchises.

Disney has abandoned plans to open up a new employee campus in Lake Nona, Florida, amid rising tensions with the state’s governor.

Disney on Wednesday reported that its streaming losses narrowed as price increases helped offset the loss of 4 million subscribers at Disney+.

Walt Disney Co’s quarterly revenue growth is expected to hit its lowest in nearly two years, underlining the hurdles that Chief Executive Bob Iger faces in revitalizing a company that is now caught in what could be a long strike by Hollywood writers.