Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
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Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
The Walt Disney Company is home to box office powerhouses Marvel, Pixar and "Star Wars." In an earnings call on Tuesday, Iger explained that Disney doesn't need to spend a lot on trial and error to make hit content for its new service because it already owns the rights to such valuable properties.
"When you go to market with "Star Wars" movies, Disney movies, Pixar movies, Marvel-branded and branded television shows under those umbrellas ... that will give us the ability to probably spend less than if we had gone to market with a direct-to-consumer service without these brands," Iger said.
Disney knows it already has shows and movies that consumers want and are actively seeking. By making those exclusively available on its streaming service, Disney doesn't face the same pressure to outbid other companies in the content spending race. In January, Netflix said it plans on spending between $7.5 billion and $8 billion on content in 2018 alone.
Instead, the entertainment giant can focus on developing its existing franchises and originals. In August, Disney said it would be pulling its movies from Netflix in 2019, when it plans to launch its own streaming platform. The news sent Netflix shares down 4 percent in extended trading.
Besides the nostalgic benefits of Disney's original movies, there's plenty of new content on the horizon. Iger said Tuesday that "Black Panther" ticket presales were "outpacing every other superhero movie ever made, driven in part to the phenomenal reaction to the premiere last week."