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...A spokesperson for ESPN told the Financial Times on Tuesday that the network has started providing secure logins to The Walt Disney Company app to some US Open players who have requested access, including...
...He was central to the decision-making behind Disney’s recent $1.5bn investment in Epic Games, which will see the two companies create a new version of Fortnite built around the company’s characters....
...Hulu and YouTube have live TV options while Amazon Prime offers access to multiple channels. Like them, the new sports streaming companies hope that there is safety in numbers....
...It predicted it would meet or exceed its target of $7.5bn in annualised savings this year....
...ValueAct Capital has built a significant stake in Walt Disney, adding another activist investor to the entertainment company’s shareholder list, as it contends with a sinking share price and a decline in...
...The scale of Disney’s $7.5bn cost-cutting plan is impressive. Enjoy the Marvel blockbusters while you can because content spend is falling. Dividends are back....
...Walt Disney handily beat Wall Street’s expectations in its latest quarterly earnings and announced shareholder-friendly measures including a $3bn share buyback programme and a 50 per cent boost to its dividend...
...These could be similar to the deal it has struck with Disney over the production and distribution of Doctor Who around the world, one person familiar with the plans said....
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...Disney shares have fallen about 7 per cent in the past year....
...Along with what Trian owns itself — 6.8mn shares — Peltz has in his pocket 32.3mn Disney shares. Unfortunately for him, though, that’s a mere 1.7 per cent of the company’s equity....
...Mentioned in this podcast: Eurozone inflation falls to 2.4% in March Chinese companies revive Mao Zedong-era militias Where Tesla departs from the Mag 7 The big worry for carmakers: what if the EV slowdown...
...The businesses are clearly very different: Disney has a content machine that feeds other distribution channels, while Netflix is single-channel....
...Linear television channels “may not be core to Disney”, Iger told CNBC, speaking from the ski resort town....
...Iger last month said he would slash an additional $2bn in costs at Disney, on top of last year’s $5.5bn in cuts which resulted in about 7,000 dismissals at the company....
...Walt Disney reported stronger-than-expected earnings for its most recent quarter and forecast that it would cut another $2bn from its costs while generating higher levels of cash in the coming year....
...Walt Disney and Charter Communications agreed to resolve a dispute over cable channel coverage, ending almost two weeks of frustration between that left millions of the telecommunications group’s customers...
...Walt Disney reported stronger than expected earnings for its most recent quarter and forecast that it would cut another $2bn from its cost base while generating higher levels of cash in the coming year....
...Disney, the largest traditional media company, is in the midst of a gutting restructuring that has featured 7,000 job cuts and attacks from activist investors....
...The agreement includes a smaller, “more curated” line-up of Disney networks, including the full suite of ESPN sports channels, FX, and Nat Geo, among others....
...The US company’s operating margin for its sports business was 15.7 per cent in fiscal 2022 — but excluding Star and ESPN International, the group would have posted margins of 19.2 per cent....
...Disney shares have dropped by 6.7 per cent this year, underperforming the broader stock market. They were little-changed on Wednesday....
...Disney channels including ESPN have gone dark on the screens of around 15mn Charter Communications pay-TV customers. Such “carriage” disputes occur sporadically. But this one may be existential....
...Peltz called off his fight against Disney two months after Bob Iger returned as Disney chief executive and a day after the company unveiled a plan to cut 7,000 jobs and reinstate the dividend suspended during...
...The prompt for Winfrey’s soul-searching is a high-profile dispute with Walt Disney, which at the end of August pulled its TV channels from Connecticut-based Charter’s cable services after the two failed...
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