On the heels of an earnings report that was right in line with expectations, Disney’s CEO Bob Iger says he has “great confidence in Disney’s availability to sustain growth” from its biggest business, the media networks.
Disney CEO Robert Iger said that dealing with the “fiscal cliff” is not something that can fall prey to the typical Washington rhetoric and must be dealt with immediately.
Bob Iger, president & CEO of The Walt Disney Company, offers insight on the company's quarter, the Lucasfilm buy and its digital plans. "I look forward to continuing to interact with George [Lucas], but he will be a consultant," he says. He also weighs in on the fiscal cliff. With CNBC's Maria Bartiromo and Julia Boorstin.
While the videogame industry relies heavily on the holiday period to help boost publisher profits, some companies may find coal in their stocking this year.
A blog reports there is a potential deal brewing between the toymaker and Disney. CNBC's David Faber has the details.
LOS ANGELES, Nov 4- ``Wreck-It Ralph,'' Disney's animated film about a videogame character who destroys everything in his path, scored the highest-grossing opening weekend in Disney animation history with $49.1 million, as box office attendance picked up in the aftermath of superstorm Sandy.
The tally for ``Wreck-It-Ralph, which featured the voices of John C. Reilly and Jane Lynch, hammered the Denzel Washington film'' Flight, `` which generated ticket sales of $25 million at U.S. and Canadian theaters, according to studio estimates. Walt Disney Co released'' Wreck-It Ralph. ``'' Flight`` was distributed by Paramount Pictures, a unit of Viacom Inc.
Nov 1- DreamWorks Animation SKG Inc's third-quarter results beat analysts' estimates, riding t he international box office success of `` Madagascar 3: Europe's Most Wanted''. The company said Madagascar 3, which released in June, raked in nearly $720 million worldwide, of which 70 percent was from international markets.
Nov 1- DreamWorks Animation SKG Inc's third-quarter results beat analysts' estimates, riding t he international box office success of `` Madagascar 3: Europe's Most Wanted''. DreamWorks' last movie for 2012, ``Rise of the Guardians'', featuring the voices of Alec Baldwin, Hugh Jackman and Jude Law among others, will release on Nov. 21 in the United States.
*Dow off 0.1 pct, S&P 500 up 0.02 pct, Nasdaq off 0.4 pct. The Dow and the S&P 500 closed little changed while the Nasdaq Composite edged lower in a session with slightly less than average volume.
Wall Street consensus on the Disney-Lucasfilm deal was very positive, with analysts noting that over the next two years Disney will buy back the approximately 40 million shares it issues in this transaction.
*Dow off 0.2 pct, S&P 500 down 0.2 pct, Nasdaq off 0.5 pct. Traders made it through the darkened streets of downtown Manhattan before sunrise to the New York Stock Exchange at 11 Wall Street, one of the only buildings with any electricity in that area after Sandy crippled power supply and disrupted mass transit throughout the New York metropolitan region.
Quicker than you can say "hyperspace", Disney Parks has released a new video celebrating the marriage of the Magic Kingdom and Star Wars.
*Ford, Home Depot among the biggest gainers. *Apple shares fall, weighing on Nasdaq index. Ford Motor Co rallied 5 percent to $10.83 as the most-traded stock on the New York Stock Exchange after reporting strong results during the market closure.
*Ford, Home Depot among the biggest gainers. Among the biggest gainers of the day were Ford Motor Co, which reported strong results during the market closure, and Home Depot, which rallied as people bought supplies to repair storm damage.
KETTERING, Ohio- President Barack Obama and Republican Mitt Romney briefly put aside their fierce battle for the White House on Tuesday, avoiding politics to focus on relief efforts after mammoth storm Sandy left millions of Americans struggling to recover.
The Star Wars creator's wealth will soar to more than $5.2 billion after Disney purchases Lucasfilms.
As two big mergers were announced this week — Disney acquiring Lucasfilm for $4.05 billion, and PVH set to buy Warnaco in a $2.9 billion deal — one appeared to have a lot more room to run, the CNBC “Fast Money” pros said Wednesday.
Disney CEO Robert Iger weighs in on the entertainment giant's $4 billion acquisition of George Lucas' Lucasfilm. With CNBC's Julia Boorstin.
The surprise acquisition of Lucasfilm by Disney Tuesday will certainly shake up the film world, but the deal also looks set to have substantial ripple effects in other parts of the entertainment industry.