Topline Disney+ lost over two million subscribers, while Netflix gained over 7 million and ESPN+ and Hulu have made slow but steady gains—here’s where the major streaming services stand with subscribe...
Tag: Disney
Disney proxy fight is over, Nelson Peltz says
Nelson Peltz declared his proxy fight with Disney was over Thursday after the entertainment giant unveiled a vast restructuring plan, cost cuts and 7,000 layoffs. “Now Disney plans to do everyth...
Is Disney stock a ‘buy’ after Nelson Peltz ditched the proxy fight?
Walt Disney Co (NYSE: DIS) is in the green today after reporting a market-beating quarter and making a series of announcements that cheered shareholders. Nelson Peltz says the proxy fight is over Last...
Everything is on the table now with Hulu, Disney CEO Iger says
Disney CEO Bob Iger said Thursday that “everything is on the table” with streaming service Hulu. Disney owns two thirds of the streaming service, which focuses on more adult-oriented gener...
Disney CEO Bob Iger says he prefers to stay only two years
Disney CEO Bob Iger appeared on CNBC’s “Squawk on the Street” Thursday following the company’s announcement it would cut 7,000 jobs and slash $5.5 billion in costs as part of a...
Tapestry, Credit Suisse, Disney and more
CNBC: Coach Store Harry Reid International Airport A Coach store inside Harry Reid International Airport. Check out the companies making the biggest moves in premarket trading: Tapestry — The company...
Disney announces layoffs, reorganization, cost cuts
Disney said Wednesday it is planning to reorganize into three segments, while also cutting thousands of jobs and slashing costs. The media and entertainment giant said it would now be made up of three...
Disney CEO Bob Iger puts turnaround plans in place after a solid quarter
Disney (DIS) reported a stronger-than-expected fiscal 2023 first quarter after the closing bell Wednesday, and Bob Iger struck the right tone on his first conference call since returning as CEO, prior...
Why Disney+ Suffered First-Ever Decline In Subscribers
Disney+ subscribers were off 2.4 million, the first time the service has experienced a decline. Getty Images No streamer is immune from the subscription losses that have plagued the services in the po...
Disney (DIS) earnings Q1 2023: Bob Iger returns
LOS ANGELES – Smaller subscriber losses and a beat on the top and bottom lines were the highlights of Disney‘s fiscal first-quarter earnings report. While the company’s linear TV and direc...
2023 Layoffs: Disney To Cut 7,000
Disney unveiled plans on Wednesday to lay off as many as 7,000 employees in a massive restructuring plan, following major layoffs at Zoom, eBay, Boeing and Dell—the latest U.S. companies to reduce the...
Disney Will Reinstate Dividends, Cut 7,000 Jobs As Bob Iger Hones In On Bottom Line
Topline Disney CEO Bob Iger outlined his plan to turn around the entertainment behemoth in the first quarterly earnings call since his return, laying out a plan to save $5.5 billion by eliminating abo...
Disney’s $300 Million Bet To Tempt Back Cinemagoers
Harrison Ford as the eponymous archaeologist in the tank chase scene from Indiana Jones and the Last … [+] Crusade (Photo by Murray Close/Getty Images) Getty Images Ahead of its first quarter ea...
Stocks moving in after hours: Disney, Affirm, Mattel, Robinhood
Disney posted a quarterly earnings beat and announced a new company structure as it aims to streamline the business and reduce costs. The restructure will consist of three core business units: Enterta...
Disney Plans to Reinstate Its Dividend and Cut 7,000 Jobs. The Stock Jumps.
Walt Disney stock jumped on Wednesday after the entertainment giant topped earnings expectations, while also announcing it was planning to cut jobs and reinstate its its dividend. Disney reported non-...
Disney to lay off 7,000 workers, cut $5.5 billion worth of costs in latest reshuffle
Disney (DIS) will lay off 7,000 workers as the company seeks to slash $5.5 billion in costs. As a result, the media giant plans to restructure the organization into three core business segments: Disne...
Disney stock rises after streaming losses narrow in first quarter
Disney (DIS) reported quarterly results after the bell on Wednesday that showed a beat on both the top and bottom lines as demand for the company’s theme parks soared during the holiday period. ...
DeSantis Set To Control Disney World’s Special District Under New Bill—Here’s What It Would Do
Topline Florida lawmakers are expected to pass legislation as soon as this week that would overhaul the special district that oversees Walt Disney World by giving Gov. Ron DeSantis (R) power to appoin...
Director Rob Marshall Celebrates Oscar-Winning ‘Chicago’ As It Turns 20
Catherine Zeta-Jones (middle) as Velma Kelly in ‘Chicago.’ Paramount Pictures “It still feels like a miracle that it actually happened,” confessed director Rob Marshall as we d...
Wakanda Forever’ Becomes Disney+ Most-Streamed Marvel Movie Premiere
Topline “Black Panther: Wakanda Forever” became the most-watched Marvel film to premiere on Disney+ worldwide, the platform announced Monday, beating out other popular franchises on the platform inclu...
Disney Drops ‘Simpsons’ Episode In Hong Kong Alluding To ‘Forced Labor’ In China
Topline Disney took down a Simpsons episode poking fun at Chinese human rights abuses from its Disney+ streaming service in Hong Kong, according to several reports Monday, as the entertainment giant a...
Walt Disney Co (DIS) Stock Price Prediction : DIS stock price prepares for gap down in the Q4 earnings ?
DIS stock price recovered 33% form the 52 week low Walt Disney stock breakout of the 200 day EMA but the follow up is missing NYSE : DIS stock price gained 24% on monthly basis and forming a bullish r...
Stock Market Investing Action Plan: Disney, A Nasdaq Power Trend And More Powell; Nasdaq’s Best January in 22 Years
January provided a hospitable start to 2023, giving investors a reminder of what upward stock market momentum feels like. Friday’s jobs report rattled hopes for a dovish Fed, and Jerome Powell m...
What To Stream This Weekend On Netflix, HBO, Disney+, Amazon Prime And More
Everything new to stream this weekend. Credit: Disney / Marvel It’s the weekend and that means that at least some lucky folks get to take a break from the 9-to-5 grind and relax. It’s also the middle ...
Disney pressured to replace Michael Froman with Nelson Peltz
Nelson Peltz David A. Grogan | CNBC The proxy battle between Disney and activist investment firm Trian Management LP is heating up ahead of the company’s annual shareholder meeting. Earlier in J...
‘The Mandalorian’ Season 3 Key-Art Poster Revealed Along With New Featurette Video
Disney and LucasFilm have released the key-art / poster for The Mandalorian Season 3. The poster features Mando (Pedro Pascal) standing on a spaceship, with his lil buddy Grogu / Baby Yoda sitting in ...
How Disney Sailed Off With $1.6 Billion From Its Cruise Line
Mickey and Minnie Mouse welcome the Disney Dream to her home port of Port Canaveral (Photo by David … [+] Roark/Disney via Getty Images) Getty Images Disney banked a total of $1.6 billion of div...
‘Avatar’ Sequel Continues To Top U.S. Charts After 7 Weeks—And Sets Sights On ‘Titanic’
Topline Avatar: The Way Of Water topped the domestic box office charts for the seventh consecutive weekend, earning an estimated $15.7 million in the U.S. from Friday to Sunday, according to Disney, a...
Wells Fargo gives a bullish endorsement to beleaguered Disney
Wells Fargo on Tuesday said it expects Walt Disney (DIS) to “come out swinging” when the entertainment conglomerate reports fiscal first-quarter results early next month. At the Club, we&#...
The Way Of Water’ Crosses $2 Billion In Box Office Sales After Six Weeks
Topline Avatar: The Way Of Water is now the sixth film in history to gross over $2 billion worldwide at the box office, Disney announced on Sunday, as the movie approaches the top four best-selling fi...