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Comcast, Disney ‘Tens of Billions’ Apart on Hulu Valuation, Now Aiming at Early 2024 Agreement (Report) - thewrap.com
thewrap.com
25.05.2023 / 15:37

Comcast, Disney ‘Tens of Billions’ Apart on Hulu Valuation, Now Aiming at Early 2024 Agreement (Report)

The Wall Street Journal reported that the two media and entertainment giants want to reach a deal to resolve the ownership of Hulu, but the disagreement over how much the nation’s fifth-largest streaming service is worth is stalling progress. Neither Disney nor Comcast responded to requests for comment.Disney owns two-thirds of Hulu, while Comcast owns one-third, acquired when it took control of one of the streamer’s founding backers, NBCUniversal, in 2011.

Disney Begins Round Of Layoffs Outside The U.S. - deadline.com - Britain - France - London - Germany
deadline.com
25.05.2023 / 10:15

Disney Begins Round Of Layoffs Outside The U.S.

EXCLUSIVE: The layoffs impacting thousands of Disney staff in the U.S. have spread to Europe, the Middle East, and Africa.

Disney Begins Third Round Of Planned Layoffs - deadline.com
deadline.com
22.05.2023 / 18:39

Disney Begins Third Round Of Planned Layoffs

EXCLUSIVE: The third wave of layoffs at Disney got under way today, sources tell Deadline.

Disney Parks Chief Josh D’Amaro Says Clash With Florida Gov. Ron DeSantis Has Not Hurt Business; Company Still Plans To Spend $17B In State Over Next Decade - deadline.com - Florida
deadline.com
22.05.2023 / 14:21

Disney Parks Chief Josh D’Amaro Says Clash With Florida Gov. Ron DeSantis Has Not Hurt Business; Company Still Plans To Spend $17B In State Over Next Decade

If the feud between Disney and Florida Gov. Ron DeSantis was going to be escalated yet again, parks chief Josh D’Amaro didn’t seem like he would be the one to do it.

Florida Man Attacks! Ron DeSantis Says “Zero” Chance He’ll Back Down In Disney Battle; Wants “Woke” Judge In Mouse House Suit Tossed - deadline.com - California - Florida - state New Hampshire
deadline.com
19.05.2023 / 22:49

Florida Man Attacks! Ron DeSantis Says “Zero” Chance He’ll Back Down In Disney Battle; Wants “Woke” Judge In Mouse House Suit Tossed

If you figured the war between Disney and Gov. Ron DeSantis was going to take a breather for the weekend, think again.

Disney Sticks It To DeSantis & Scraps Plan To Move Staffers To Florida From California; “Considerable Changes” In Situation, Parks Boss Josh D’Amaro Says - deadline.com - California - Florida - Lake
deadline.com
18.05.2023 / 20:45

Disney Sticks It To DeSantis & Scraps Plan To Move Staffers To Florida From California; “Considerable Changes” In Situation, Parks Boss Josh D’Amaro Says

Just over a week ago, Bob Iger rhetorically asked the adversarial  Gov. Ron DeSantis if Florida really wanted Disney’s considerable business and tax revenue, or not. Now, without mentioning the would-be presidential contender nor his attacks on the company, the Mouse House has pulled some of that business and taxes revenues from the Sunshine State.

Disney Content Spending in 2023 May Be Lower Because of Writers Strike, CFO Says - variety.com - New York
variety.com
17.05.2023 / 15:17

Disney Content Spending in 2023 May Be Lower Because of Writers Strike, CFO Says

Todd Spangler NY Digital Editor Disney has pegged total cash content spending at around $30 billion for this year — but the ongoing Writers Guild of America strike may drive that down, CFO Christine McCarthy said. “If you haven’t noticed we’re in the middle of a writers strike,” McCarthy said, speaking Wednesday at MoffettNathanson’s Technology, Media and Telecom Conference in New York. The WGA walkout may reduce Disney’s cash spending on content for the balance of the year, she said. At the MoffettNathanson conference, MCarthy appeared alongside Disney president of ad sales Rita Ferro. The two Disney execs spoke a day after the media conglom’s upfront presentation in the Big Apple to ad buyers and brands — which was noticeably light on scripted fare, given the writers strike. Marvel’s Kevin Feige previewed upcoming Disney+ series “Secret Invasion,” featuring Samuel L. Jackson and Don Cheadle, and announced premiere dates for “Loki” Season 2 and “Hawkeye” spinoff “Echo.”

Dispatches From The WGA Picket Lines Day 15: Striking Writers Hit Disney At NY Upfronts, Where There’s A Bob Iger Sighting & At Studio In Burbank - deadline.com - New York - Los Angeles - city Burbank
deadline.com
17.05.2023 / 02:01

Dispatches From The WGA Picket Lines Day 15: Striking Writers Hit Disney At NY Upfronts, Where There’s A Bob Iger Sighting & At Studio In Burbank

It was a tale of two coasts today, as WGA picketers and their allies targeted Disney’s upfront presentation in New York and also the company’s Burbank lot in Los Angeles. And the two scenes were very different.

As Florida Standoff Continues, Disney Ad Chief Rita Ferro Calls On Upfront Buyers In New York To “Lean Into All Aspects Of Diversity” - deadline.com - New York - New York - Florida
deadline.com
16.05.2023 / 22:09

As Florida Standoff Continues, Disney Ad Chief Rita Ferro Calls On Upfront Buyers In New York To “Lean Into All Aspects Of Diversity”

Rita Ferro, Disney’s ad sales and partnerships chief, urged media buyers at the company’s New York upfront Tuesday to “lean into all aspects of diversity” with their marketing commitments.

Brian Roberts Says Comcast “More Likely Than Not” To Sell Hulu Stake To Disney; Calls Mike Cavanagh, Who Stepped In For Fired Jeff Shell, “Calming Influence” - deadline.com
deadline.com
16.05.2023 / 15:57

Brian Roberts Says Comcast “More Likely Than Not” To Sell Hulu Stake To Disney; Calls Mike Cavanagh, Who Stepped In For Fired Jeff Shell, “Calming Influence”

The CEO of NBCUniversal parent Comcast said it’s “more likely than not” the company will end up selling its third of Hulu to Disney, after his Mouse counterpart indicated clearly last week that this would be Disney’s preferred outcome. There’s been some grandstanding over the past year as the deadline approaches, but both of Hulu’s parents appear to be on or near the same page now.

Comcast CEO Brian Roberts Says It’s ‘More Likely Than Not’ They’ll Sell Remaining Hulu Stake to Disney - thewrap.com
thewrap.com
16.05.2023 / 15:21

Comcast CEO Brian Roberts Says It’s ‘More Likely Than Not’ They’ll Sell Remaining Hulu Stake to Disney

Comcast CEO Brian Roberts addressed the company potentially selling its 33% stake in the streamer. “I think it’s more likely than not,” Roberts said. “I’m pretty certain if and when we sell our Hulu stake, it’ll be for more than what we have, and in fact, that’s contractually certain.”Disney currently owns 67% of Hulu with with Comcast’s NBCUniversal holding a minority stake.

Brian Roberts Says Comcast “More Likely Than Not” To Sell Hulu Stake To Disney - deadline.com
deadline.com
16.05.2023 / 14:55

Brian Roberts Says Comcast “More Likely Than Not” To Sell Hulu Stake To Disney

The CEO of NBCUniversal parent Comcast said it’s “more likely than not” the company will end up selling its third of Hulu to Disney, after his Mouse counterpart indicated clearly last week that this would be Disney’s preferred outcome. There’s been some grandstanding over the past year as the deadline approaches, but both of Hulu’s parents appear to be on or near the same page now.

Disney Shares Fall On Mixed Quarter Amid Hulu & Succession Overhang; Wall Street Analysts Say Stock Undervalued - deadline.com
deadline.com
11.05.2023 / 18:41

Disney Shares Fall On Mixed Quarter Amid Hulu & Succession Overhang; Wall Street Analysts Say Stock Undervalued

Disney is the DJIA’s worst performer today with shares down over 8% after reporting fiscal second quarter earnings that were mixed and a bit messy as the company and industry reset.

Disney Stock Falls on Uncertainty Over Streaming Profitability, Ad Weakness - variety.com - Canada
variety.com
11.05.2023 / 16:07

Disney Stock Falls on Uncertainty Over Streaming Profitability, Ad Weakness

Todd Spangler NY Digital Editor Shares of Disney slipped as much as 9% in trading Thursday after the media conglomerate reported earnings for the first three months of 2023. Disney’s earnings report showed progress on the cost-cutting front — with streaming losses narrowing for the quarter — but analysts cited a weak advertising outlook and uncertainty over when its streaming business can contribute to the bottom line. As of 11:30 a.m. ET, Disney’s stock price was $92.86/share, down 8.2%, and off its 52-week high of $126.48. Disney+ lost 4 million subscribers for the quarter ended April 1, including a loss of 300,000 in the U.S./Canada. But the company narrowed its streaming losses by $400 million, down 26% year over year, and Disney said it would remove content from Disney+ to cut costs while also expecting to raise prices on the ad-free Disney+ tier. In addition, CEO Bob Iger announced that the company would launch an integrated Disney+/Hulu “one-app experience” in the U.S. by the end of 2023 — indicating Disney’s desire to hold on to Hulu.

Time to Grow Up, Disney+ and Hulu: Content Cuts Coming as Part of Streaming’s ‘Maturation Process’ - variety.com
variety.com
11.05.2023 / 01:43

Time to Grow Up, Disney+ and Hulu: Content Cuts Coming as Part of Streaming’s ‘Maturation Process’

Cynthia Littleton Business Editor Disney is going on a diet — but Hulu is still on the menu. Disney CEO Bob Iger and chief financial officer Christine McCarthy delivered a clear message on Wednesday to Wall Street and to Hollywood during Disney’s quarterly earnings call. Disney will cut the overall volume of content produced for its streaming platforms — primarily Disney+ and Hulu — as it deals with a much tighter macroeconomic environment, not to mention the uncertain impact of the writers strike that began May 2. After spending just under $30 billion on content in Disney’s 2022 fiscal year (which ends in September), Iger has targeted $3 billion in savings for 2023. Of that $30 billion, about 30% is devoted to sports rights for ESPN and ABC Sports.

Bob Iger Is ‘Bullish’ on AI Prospects at Disney: ‘Our Legal Team Is Working Overtime’ - thewrap.com
thewrap.com
10.05.2023 / 23:25

Bob Iger Is ‘Bullish’ on AI Prospects at Disney: ‘Our Legal Team Is Working Overtime’

second fiscal quarter of 2023, CEO Bob Iger addressed the artificial intelligence elephant in the room, making it clear that Disney isn’t shying away from the technological frontier — quite the opposite, in fact.“AI developments represent some pretty interesting opportunities for us,” Iger said. “In fact, we’re already starting to use AI to create some efficiencies and ultimately to better serve consumers.”Beyond confirming that AI has already found a home within the house of the mouse, Iger addressed the natural challenges that come with any new, disruptive technology, including the managerial complexities.“It could be extremely difficult to manage, particularly from an IT management perspective,” Iger said, referring to the tech’s advanced nature.

Disney CEO Bob Iger Calls AI “Disruptive,” Difficult To Manage From An “IP Perspective” - deadline.com
deadline.com
10.05.2023 / 23:05

Disney CEO Bob Iger Calls AI “Disruptive,” Difficult To Manage From An “IP Perspective”

Disney chief executive Bob Iger weighed in on AI today, staying general but calling the battleground technology good for Disney’s business, but disruptive.

Disney CEO Bob Iger Places Future of Hulu in Comcast’s Lap - thewrap.com
thewrap.com
10.05.2023 / 22:15

Disney CEO Bob Iger Places Future of Hulu in Comcast’s Lap

combined into one app offering by the end of the year on Wednesday, Disney CEO Bob Iger has suggested that the future of the hybrid subscription/ad-supported streamer remains in the hands of rival Comcast. Under a 2019 put/call agreement, Disney can buy out the NBCUniversal parent’s 33% minority stake in Hulu as early as January 2024 – and Comcast can require that Disney do so.

Disney CEO Bob Iger Slams Ron DeSantis’ Legal Actions in Florida: It’s ‘A Matter of Retaliation’ - variety.com - Florida
variety.com
10.05.2023 / 21:21

Disney CEO Bob Iger Slams Ron DeSantis’ Legal Actions in Florida: It’s ‘A Matter of Retaliation’

William Earl Disney CEO Bob Iger criticized Florida governor Ron DeSantis’s political moves in Florida on the company’s May 10 Q2 earnings call. The business-political feud was brought up as a result of a shareholder asking about the parks in Florida while there are political battles with the governor. “Regarding Florida, I got a few things I want to say about that bill,” he said. “First of all, if the case that we filed last month, made our position and the facts very clear, and that’s really that this is about one thing and one thing only and that’s retaliating against us for taking a position about pending legislation. And we believe that in us taking that position we are merely exercising our right to free speech. Also, this is not about special privileges or a level playing field or Disney in any way using its leverage around the state of Florida.

Disney+ to Add Hulu Content in ‘One-App Experience’ Later in 2023 - variety.com
variety.com
10.05.2023 / 21:21

Disney+ to Add Hulu Content in ‘One-App Experience’ Later in 2023

Todd Spangler NY Digital Editor Disney is pulling Hulu tighter into the Mouse House. On Disney’s earnings call Wednesday, CEO Bob Iger said the company will soon launch a “one-app experience” in the U.S. that incorporates Hulu content into Disney+. The new combined offering will launch by the end of 2023, he said. “While we will continue to offer Disney+, Hulu and ESPN+ as standalone options, this is a logical progression of our [direct-to-consumer] offerings that will provide greater opportunities for advertisers while giving bundle subscribers access to more robust and streamlined content, resulting in greater audience engagement and ultimately leading to a more unified streaming experience,” Iger said.

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