Tag: $Disney

Walt Disney Animation Studios’ (DIS) “Zootopia 2” surpassed 2019’s “Frozen 2” to become its highest-grossing film ever, the company said on Wednesday, marking a bright spot in a year when global box office continues to trail pre-pandemic levels.

The Walt Disney Co. on Thursday announced it will make a $1 billion equity investment in OpenAI and will allow users to make videos with its copyrighted characters on its Sora app.

The animated Zootopia 2, which reunites Ginnifer Goodwin and Jason Bateman in a mystery against Ke Huy Quan as adversary Gary De’Snake, sold another $400.4 million internationally, for an estimated $556.4 million global opening.

Walt Disney stock was sliding on Thursday, after slumping movie and TV revenue led to the entertainment company missing Wall Street’s quarterly sales target.

Walt Disney’s (DIS.N), ESPN has reached a landmark deal with the National Football League to acquire NFL Network and other media assets from the league in exchange for the NFL taking a 10% equity stake in the sports network, the parties said on Tuesday.

Disney posted fiscal second-quarter earnings Wednesday that beat on the top and bottom lines, boosted by better-than-expected subscriber growth for its Disney+ streaming platform.

Disney is planning to reduce headcount by roughly 6% of the total workforce of ABC News Group and Disney Entertainment Networks, a person familiar with the matter said on Tuesday, as the entertainment giant grapples with declining TV audience.

Disney posted fiscal first-quarter earnings Wednesday that beat on the top and bottom lines, but revealed the beginnings of expected streaming subscriber losses at Disney+.

Disney, Fox and Warner Bros. Discovery have called off plans to launch their sports streaming service Venu, the companies said in a joint statement Friday

The Walt Disney Co. is raising its dividend. Shareholders can thank blockbuster movies like superhero team-up “Deadpool & Wolverine,” and sequels to its animated smash-hits “Inside Out” and “Moana.”

Formula One has opened negotiations with broadcaster ESPN over its next U.S. media rights deal with one year left on the existing contract, the Financial Times said on Thursday.

Walt Disney stock jumped 10% early Thursday as the entertainment giant’s streaming business swung to a strong profit in its fiscal fourth quarter.

Disney reported its fiscal third-quarter earnings Wednesday, topping analyst estimates as its combined streaming businesses turned a profit earlier than expected.

Marvel’s raunchy and violent “Deadpool & Wolverine” lit up box offices over the weekend with $205 million in U.S. and Canadian ticket sales, the biggest domestic opening of the year, distributor Walt Disney said on Sunday.

Disney and Florida Governor Ron DeSantis have put an end to their feud with a deal that allows the entertainment giant to develop the Walt Disney World Resort near Orlando for the next 15 years.

Walt Disney has one less activist investor to deal with. Trian Partners’ Nelson Peltz has sold his entire stake in the entertainment giant, according to a person familiar with the matter.

Disney reported fiscal second-quarter earnings Tuesday that beat analyst estimates after narrowing streaming losses. Revenue was in line with expectations.

Walt Disney Co, opens new tab has secured enough shareholder votes to defeat a challenge against its board mounted by Nelson Peltz’s hedge fund Trian Fund Management, people familiar with the matter said on Tuesday.

Walt Disney appeared to pull ahead of activist investors in the battle for board seats and the future of the global entertainment conglomerate, with more than half of all shares voted before the company’s annual meeting on Wednesday.

Walt Disney shares were up 7% in premarket trade early Thursday after a jam-packed earnings report.