Tag: $Disney

Josh D’Amaro’s first earnings report as Walt Disney DIS -0.82% CEO couldn’t have gone much better. The entertainment company’s shares rallied on Wednesday after it beat analysts’ targets and issued solid guidance.

Walt Disney (DIS) is planning to cut more jobs—but new CEO Josh D’Amaro will need to take bigger swings than that to turn the entertainment giant’s long-suffering stock around.

ByteDance will take steps to prevent the unauthorised use of intellectual property on its AI video generator Seedance 2.0, the Chinese technology firm said on Monday, following threats of legal action from U.S. studios, including Disney (DIS).

Disney has named Josh D’Amaro, chairman of Disney Experiences, as its next CEO, succeeding Bob Iger and clinching a closely watched succession race at the Mouse House.

Walt Disney (DIS) stock was rising early Monday after the company beat expectations for its first-quarter results with strong income from its streaming unit.

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.