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...The spat has pitted Charter, a traditional cable carrier fighting to hold on to subscribers amid years of cord-cutting, against media titan Disney, which in recent years has joined the push for direct-to-consumer...
...Disney’s ESPN was just one potentially formidable competitor that entered the market last year to challenge leaders Flutter — owner of FanDuel — and DraftKings....
...In a world of streaming, consumers can more easily opt out of paying for programming they don’t want....
...The service, to be offered in an as-yet unnamed app or bundled with Disney+, Hulu and Max streaming subscriptions, will be aimed at US consumers who have ditched traditional pay-TV packages in favour of...
...The service, to be housed in an as-yet unnamed new app, is aimed at consumers who have ditched traditional pay TV in favour of streaming....
...A self-styled “constructivist”, Peltz is best known for his turnaround campaigns at big consumer goods companies such as Mondelez, Heinz and Procter & Gamble....
...But the entrance of Disney — the entertainment giant behind Mickey Mouse and Pixar animation studios — into gambling, a product linked to addiction, is not without risks....
...WBD executives see the move as a chance to expand into new markets for consumers who either do not yet have a streaming service or who are willing to pay more for a rival service....
...Disney’s direct-to-consumer unit, which includes streaming service Disney+, is still reporting large operating losses....
...BDB says its client roster grew by 35 per cent last year and, in recent months, brands including Spotify, Diageo, Disney+, Amazon and Dove have committed to spending £11mn with the agency....
...Shares of health group Kenvue fell 5.8 per cent after the consumer health company missed revenue and profit expectations in its fourth quarter on soft demand for its products and a weak sales outlook....
...demand for its products and a weak sales outlook....
...Other consumer goods companies have raised prices to pass on higher commodity and operating expenses to consumers but have struggled to maintain volume growth....
...and Hasbro any more but competing against Universal Studios and Disney now....
...The Disney Parks, Experiences and Products unit accounted for just a third of total group revenue last year but generated two-thirds of operating income....
...Trian’s activist investment in Procter & Gamble was backed by a very specific account of why the consumer goods company was underperforming....
...And all the while it is expanding its product portfolio....
...Additionally, Disney will get warrants on Penn shares. If the new “ESPN Bet” meets certain market share targets, Disney receives a fifth of Penn’s stock....
...“We know [sports fans] want both betting content and the ability to place bets with less friction from within our products,” he said in a statement....
...Charter argues that Disney wants it both ways — charging high prices for traditional cable TV rights while creating a cheap streaming product....
...It seeks to prove lack of competition in markets in which Apple faces serious rivals and in which users are able to switch to different products and services....
...Disney made a $1.5bn investment in Fortnite’s creator Epic Games this month to create what the studio’s chief Bob Iger called “a huge Disney universe that will be for gaming and for play”, while Netflix...
...Disney’s direct-to-consumer streaming operations, which includes Disney+, made a large loss last year, and the company does not expect the business to return to profit until 2024....
...Macy’s central problem remains the same as 10 years ago: the products it sells and the environments in which it sells them fail to appeal, in particular, to younger consumers....
...PepsiCo has been one of the most aggressive, largely because consumers keep buying its products....
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