The deal brings together CBS television network, CBS News, Showtime cable networks with MTV Networks, Nickelodeon, Comedy Central and the Paramount movie studios. The new company, ViacomCBS, will compete in an industry that has been reshaped after large-scale deals, including $85 billion purchase of Time Warner by AT&T and Walt Disney's buyout of Twenty-First...
Aug 6- Walt Disney Co reported a steeper earnings decline than Wall Street expected on Tuesday as the company poured money into its ambitious plunge into streaming media and began folding in assets purchased from Twenty-First Century Fox. Excluding certain items, Disney earned $1.35 per share for the quarter that ended in June, below average analyst...
Over the course of CEO Bob Iger's tenure, Disney has acquired Pixar, Marvel, Lucasfilm and, most recently, 20th Century Fox. The first three acquisitions alone have earned Disney more than $33.8 billion at the global box office.
Nine states, including Alabama, Georgia and Missouri have passed abortion laws this year that all but ban the procedure. Among the signees were Slack's Jack Dorsey, designer Rebecca Minkoff, Bloomberg L.P. board member Peter Grauer, Tinder Chief Executive Officer Elie Seidman and Warby Parker founders Neil Blumenthal and Dave Gilboa. Walt Disney Co Chief...
May 30- WarnerMedia will reconsider any new productions in Georgia if a new abortion law takes effect, the company told Reuters on Thursday, following similar statements by Walt Disney Co and Netflix. "If the new law holds we will reconsider Georgia as the home to any new productions," the company said. By Wednesday evening, Walt Disney Co CEO Bob Iger told Reuters it...
Walt Disney Chief Executive Bob Iger said it would be "very difficult" for the media company to keep filming in Georgia if a new abortion law takes effect because many people will not want to work in that state.
ANAHEIM, Calif., May 29- Walt Disney Co Chief Executive Bob Iger told Reuters on Wednesday it would be "very difficult" for the media company to keep filming in Georgia if a new abortion law takes effect because many people will not want to work in the U.S. state. Disney has filmed blockbuster movies in Georgia such as "Black Panther" and "Avengers: Endgame," and it would be a...
Disney's Bob Iger says the company's $2 billion investment in its new "Star Wars" theme parks will be a boon for the parks and the franchise.
The agreement, which ascribes a minimum equity value to Hulu of $27.5 billion, allows either company to trigger a sale or purchase of Comcast's 33% stake to Disney as early as January 2024. "It is important for Disney to have full control of the direction and content on Hulu," said Trip Miller, managing partner of Memphis- based hedge fund Gullane Capital Partners,...
The pay gap at Citigroup, led by Corbat since 2012, is the biggest among big U.S. banks
Sen. Bernie Sanders criticized CEO Bob Iger's salary and said Disney should use "Avengers: Endgame" box-office haul to give its workers raises.
"Endgame" generated an unprecedented $350 million in the United States and Canada from Thursday night through Sunday, according to Disney estimates. The three-hour action spectacle that revealed the fates of Iron Man, Thor and other popular comic-book heroes also made history in China, Brazil, France, Egypt, South Africa and 38 other markets.
Disney and Netflix are fighting to win the loyalty, and paid subscriptions, of the world's TV watchers.
Abigail Disney, granddaughter of Disney's co-founder, said the CEO's level of pay is too high compared with that of his median employee.
Disney's stock surged after the company introduced Disney+, a streaming platform and Netflix competitor.
Kay Koplovitz, former USA Networks chairman and CEO, joins 'Closing Bell' to discuss Disney's new streaming service and who are the big competitors in the field.
Some Wall Street analysts are doubtful of Disney+'s ability to disrupt Netflix's dominant position.
CNBC's "The Exchange" is joined by Jessica Reif Ehrlich from Bank of America Merrill Lynch to discuss what Disney's new streaming service means for investors as the company's shares soar in Friday's trading session.
Disney CEO Bob Iger sits down with CNBC's David Faber following Disney's investor day. The interview covers a wide range of topics including Disney's new streaming platform Disney+, job cuts to come from the consolidation process, where Disney stands in comparison to competitors like Netflix, and much more.
Disney announced Thursday at the company's investor day that Disney+ will be available starting on November 12 for $6.99 per month or $69 per year. Disney has already confirmed a number of television series and films solely available on Disney+. All films released in 2019 will also be available on Disney+ as soon as their theatrical and home entertainment windows have closed.