Jim Cramer puts faith in Disney CEO Bob Iger after the entertainment giant missed Wall Street's third-quarter earnings expectations.
Aug 7- Walt Disney Co missed Wall Street profit targets as new technology costs rose during the quarter ended June 30, but Chief Executive Bob Iger said an exodus of consumers from its television channels was slowing. Shares of Disney, which have climbed nearly 9 percent so far this year, slipped 1.1 percent in after-hours trading on Tuesday to $115.45.
Netflix plans range from $8 to $14 a month. In the works for the Disney streaming service are a live-action "Star Wars" series, new episodes of the animated "Star Wars" series "Clone Wars," a live-action version of "Lady and the Tramp" and new series related to the "High School Musical" and " Monsters Inc." movies. The Walt Disney Co. on Tuesday reported fiscal third-quarter...
Despite the top and bottom line miss, the entertainment giant saw strong growth in its studio, parks and broadcast units.
The service's initial success or failure will depend a great deal on an ascendant Disney executive named marketer Ricky Strauss, who was recently given creative oversight of the service's programming, reports The New York Times.
Unions have accepted a proposed a 40 percent wage rise for the lowest paid employees.
Super PAC America Rising is gearing up for battle against potential 2020 candidates such as Dallas Mavericks owner Mark Cuban and former Starbucks executive chairman Howard Schultz, according to people familiar with the plan.
Comcast is ratcheting up the pressure on Disney over its pursuit of Sky, analysts told CNBC on Friday, shortly after it dropped out of the race to acquire Twenty-First Century Fox.
Comcast's withdrawal is a concession to Walt Disney Co, which last month sweetened its offer for the Fox assets to $71.3 billion, in a bid to unite two storied Hollywood studios and several television networks under one corporate umbrella. Comcast's move de-escalates one of the media industry's most high-profile confrontations, which pitted Comcast Chief...
It de-escalates one of the media industry's most high-profile confrontations, which pitted Comcast Chief Executive Brian Roberts against Fox Executive Chairman Rupert Murdoch and Disney CEO Bob Iger. Fox has also made an offer for the 61 percent of Sky it does not own, although Comcast is currently the highest bidder with a 14.75 pounds-per share-offer,...
CNBC's Julia Boorstin reports on Disney CEO Bob Iger's statement on Comcast dropping its rival bit for Twenty-First Century Fox assets.
July 19- Comcast Corp dropped its $66- billion bid for Twenty-First Century Fox Inc's entertainment assets on Thursday and said it would press on with its bid for European broadcaster Sky Plc, which Fox partly owns. It de-escalates one of the media industry's most high-profile confrontations, which pitted Comcast CEO Brian Roberts against Fox Executive...
The announcement ends one of the biggest battles in the media industry this year, as Comcast fought with Disney to acquire Fox's movie studio and television assets.
He did say, however, that ‘whatever happens will be positive for us.’
Disney is expanding its Manhattan property to now include 4 Hudson Square, according to the New York Business Journal.
Rupert Murdoch won't be able to dismiss any sweetened Comcast bid out of hand, New Yorker staff writer Ken Auletta says.
Michael Nathanson, MoffettNathanson senior media analyst and founding partner, discusses how the Justice Department's quick approval of Disney's acquisition of Fox assets will impact Comcast and trigger a bidding war.
People close to Sky are unsure about how Disney sees its future if CEO Bob Iger ends up victorious in buying Fox.
Walt Disney said it was willing to divest Twenty-First Century Fox assets that generated up to $1 billion to get a regulatory nod for the deal.
June 21- Walt Disney Co said on Thursday it was willing to divest Twenty-First Century Fox Inc assets that generated up to $1 billion in earnings before interest, tax, depreciation and amortization to get a regulatory nod for the deal. Fox has been in the middle of a bidding war between Disney and Comcast Corp, with Disney on Wednesday raising its bid for the bulk of...