As global markets reel from a brutal selloff and a subsequent rally, the cable and media industry has been battling a home-grown rout of its own.» Read More
I would just stay away, says Rich Greenfield, BTIG analyst, sharing his thoughts on the company's outlook on the heels of a downgrade.
Aug 4- Walt Disney Co lowered profit guidance for its cable networks unit and reported quarterly revenue slightly below Wall Street forecasts, sending its shares down 6 percent on Tuesday. The media company now expects annual operating income growth at the unit in the mid-single digits for fiscal years 2013 to 2016, Chief Financial Officer Christine...
Aug 4- Media company Walt Disney Co on Tuesday posted record profit in the June quarter, but its revenue missed Wall Street expectations for the first time in two years and its shares fell more than 2 percent in extended trading. Disney recorded net income of $2.48 billion for April through June, up 11 percent from a year earlier, and revenue of $13.1 billion, just shy...
The marketplace forces undermining traditional media conglomerates are being exploited by Netflix, media analyst Rich Greenfield tells CNBC.
One of the advantages of being the CEO of Disney is getting to watch "Star Wars: Episode VII - The Force Awakens" before the world gets to see the film...
Disney chief Bob Iger says ESPN could be eventually sold directly to consumers. He also talked China, technology and "Star Wars."
Walt Disney Chairman and CEO, Bob Iger, told CNBC he was “extremely bullish” about China’s long-term prospects.
CNBC's Eunice Yoon talks with Disney's Bob Iger about the unveiling of its $5.5 billion theme park.
Disney's CEO, Bob Iger, explains why opening a theme park in Shanghai and working in China is great for Disney.
BOSTON, July 12- U.S. companies often pay their CEOs far too much compared with their lowest-paid workers as boards of directors compete to compensate their top executives more than peers. "It would be healthier for our society if CEOs were paid less," said Michael Kagan, who oversees about $9 billion in assets as a senior portfolio manager at ClearBridge...
People looking to fly into the Sun Valley might face crowded airport tarmacs, packed with billionaires' private jets.
Even without awards, a motion picture with memorable characters will win over the hearts - and wallets - of people everywhere.
Playmation Studios is being unveiled as Disney releases a new line of high-tech toys. David Bank, RBC Capital Markets, discusses the potential benefit to the company.
Playmation Studios is being unveiled and will retail for $120 starting in October. CNBC's Julia Boorstin explains how the 5-piece package works.
June 1- Walt Disney Co said James Rasulo, a 29- year veteran of the media company, would step down as chief financial officer at the end of the month. Rasulo, 58, will continue to work in an advisory capacity to Chief Executive Bob Iger, Disney said on Monday. Rasulo was the second-highest paid executive at Disney, earning $16.2 million in the year ended Sept. 27.
After he leaves the position, Rasulo will stay on in an advisory position to Walt Disney's CEO Bob Iger.
June 1- Walt Disney Co said James Rasulo has stepped down as chief financial officer, effective June 30. Disney said Rasulo would continue to work in an advisory capacity to Chief Executive Bob Iger. The company said a new CFO would be named at a later date.
As the summer season hits, sequels promise to be big business for Hollywood studios, according to box office data.
BOSTON, May 12- Investors in some top U.S. media companies have had a rough ride as their shares have lagged the rest of the market. The CEOs of 11 major media companies were given median compensation of $32.9 million for 2014, much higher than any other industry group in the Standard& Poor's 500 index, according to regulatory filings posted in the first four months...
May 5- Walt Disney Co's quarterly revenue beat analysts' expectations, helped by increased spending by visitors at its theme parks and strength in the company's TV networks business. The sequel opened last weekend with $191.2 million in ticket sales in the United States and Canada- the second-biggest opening of all time. "As much as the quarter itself was strong...