Tag: $Disney

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.

Walt Disney is trying out a new tactic to bolster its share price as the battle with Nelson Peltz, the chief executive officer of Trian, continues to rumble.

Disney stock advanced Friday after the company said it was reinstating its dividend, having cut the payout amid the Covid-19 pandemic and promising earlier this year to bring it back.

Walt Disney animated feature Wish came up short at the holiday weekend box office, dealing the House of Mouse another cinematic blow.

Nov 21 (Reuters) – Walt Disney said on Tuesday the new collective bargaining agreements with the Directors Guild of America, WGA and SAG-AFTRA will lead to increased costs to create content.

Walt Disney shares were rising after the entertainment giant posted quarterly earnings that edged ahead of Wall Street’s estimates.

Walt Disney on Wednesday said that Comcast has exercised its right to sell its one-third stake in the streaming service to Disney, which holds the other two thirds.

BENGALURU, Oct 23 (Reuters) – Disney (DIS.N) is nearing a deal to sell its India operations, which it values at around $10 billion, to Reliance Industries (RELI.NS), its biggest rival in the country, rather than sell the business in parts, Bloomberg News reported on Monday.

Nelson Peltz’s Trian Fund Management has increased its stake in Disney  and the activist investor is expected to request multiple board seats, including for himself, the Wall Street Journal reported on Sunday.

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.