Having seen his 2024 White House bid embarrassingly misfire on the launch pad last week, Ron DeSantis is once again being mocked by both the Walt Disney Company and Donald Trump for his luckless battle with the Mouse House.
11.05.2023 - 16:07 / variety.com
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.
However, as the Hulu negotiations with Comcast are still in flux, “we believe it would be unwise for Disney to start talking up 2025 streaming profitability ahead of that closure,” MoffettNathanson senior analyst Michael Nathanson wrote in a research note. “As a result, any commentary about cost savings and revenue synergies that would arise from uniting Hulu and Disney+ globally will have to wait until this tug of war is resolved,” the analyst wrote. In addition, the biggest unknown variable in Disney’s linear TV biz is the impact of higher sports-rights costs, according to Nathanson. ESPN has pending renewals with the NBA, UFC, Pac-12 and the College Football Playoffs in the
Having seen his 2024 White House bid embarrassingly misfire on the launch pad last week, Ron DeSantis is once again being mocked by both the Walt Disney Company and Donald Trump for his luckless battle with the Mouse House.
It was heartbreak for Stockport County supporters as their team missed out on promotion in the cruellest of fashions.
A high heart rate in May is almost an annual tradition for Stockport County manager Dave Challinor.
Travel blog by Travels of Adam (Hipster Blog) – Travels of Adam (Hipster Blog) - Travel & Lifestyle Hipster Blog This former cinema theater located in the heart of trendy Södermalm at Mariatorget square is more than just a hotel. Read what makes it so special below… When preparing for my weekend trip to Stockholm, I knew one thing: hang out on the Södermalm island. From reading the Girl with Dragon Tattoo books and from my extensive research into Stockholm travel tips (thanks Pinterest!), I knew this was the island for me.
Another 144 new homes are planned for Stockport town centre - and they are all ‘affordable’. Housing association Great Places has submitted plans for 144 apartments split across two new buildings at the corner of King Street West and Chestergate. Properties include a mix of one and two-bedroom flats and duplexes.
HBO Max and Discovery+ have merged into one streaming platform called, simply, Max. This comes following the announcement in April that the two services would combine.“From the biggest superheroes to real-life champions; from culture-shaping dramas to taste-shaping entertainment; from fantastical realms to the realest of worlds, Max will offer an unrivaled range of choice,” said JB Perrette the President & CEO of Global Streaming & Games at Warner Bros.
Love is in the air on Netflix, as two of the steamer’s most popular romance franchises dominated the English-language television charts for the week of May 15 to May 21.
A new 'walkable neighbourhood' in Stockport has moved a step closer with the announcement of a funding partner for the 250 million scheme.
Todd Spangler NY Digital Editor Shares of Netflix jumped more than 10% Thursday on news that the streamer had signed up almost 5 million customers for its ad-supported plan within six months of launch. At Netflix’s first-ever upfronts event Wednesday — held virtually — the company touted that it had signed up nearly 5 million global monthly active users following its initial introduction in early November 2022. About 80% of viewing by subscribers on the ad plan is on a TV, and the median viewer age of 34, according to the company. In addition, Netflix said more than 25% of new customer signups are now choosing the ad plan in the 12 countries where it has been rolled out, including the U.S.
J. Kim Murphy Bob Chapek, the former Disney CEO who was abruptly ousted from the company last November, is among a group of executives facing a lawsuit claiming violations of securities law for allegedly providing misleading statements and omissions about Disney+ and its subscriber growth. The case, filed by Local 272 Labor Management Pension Fund on May 12 in the U.S. District Court for the Central District of California, also names former Disney executive Kareem Daniel and current CFO Christine McCarthy, as well as the Walt Disney Co. itself, as defendants. The document states that the case seeks a lead plaintiff and judicial determination for a class action suit representing Disney shareholders from Dec. 10, 2020 to Nov. 8, 2022.
To paraphrase Neil Young, Bob Chapek is gone from Disney but not forgotten.
Today (May 10), Beyoncé began her highly anticipated “Renaissance” tour after releasing the album of the same name last July. The tour kicked off in Stockholm, Sweden at the Friends Arena, where she performed for three hours.
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.
Beyoncé has kicked off her long-awaited Renaissance World Tour that has put some in debt buying tickets. The iconic singer started the tour in Stockholm, Sweden, at the Friends Arena, performing her latest album, Renaissance, on stage for the first time.
Stockport County have paid tribute to former record-signing Neil Matthews following his death with cancer aged 56. Matthews played a key role in County's legendary 1990-91 season, scoring two goals in the club's final day 5-0 win over Scunthorpe that secured the club's first promotion in 20 years.
Elsa Keslassy International Correspondent Viaplay Content Distribution has closed the first raft of deals for its ambitious action drama film “Stockholm Bloodbath” directed by Mikael Håfström. Ahead of Viaplay’s official streaming premiere in 2024, “Stockholm Bloodbath” will be distributed in the Nordics by Scanbox Entertainment. It will roll out in Denmark on Jan. 18th and in Sweden and Norway on Jan. 19. Splendid Film, meanwhile, has acquired all rights for Germany, Austria and German-speaking Switzerland. “Stockholm Bloodbath” is part of Viaplay Content Distribution’s roster which will be unveiled at the Cannes Film Festival to international buyers. The company will present new and exclusive material from the film.
Disney+ saw its average monthly revenue per user in the U.S. and Canada surge 20% during the second fiscal quarter of 2023, increased from $5.95 to $7.14 due to an “increase in average retail pricing.” CEO Bob Iger told analysts on the company’s quarterly earnings call Wednesday that a recent increase in the price of the streaming service was “de minimis.”The company continued to see losses shrink in its direct-to-consumer division.
The Walt Disney Co. reduced losses in its streaming business by 26% (about $200 million) in its fiscal second quarter as the company’s overall results matched Wall Street expectations.
Disney will be yanking some content from streaming as it rethinks its costs and strategy, and is looking at a content impairment charge of $1.5 billion to $1.8 billion as it does.
A mum has issued a message to a thief who swiped her £49k Range Rover as she slept. Learner driver Claire Francis' 'hard working' husband had bought her the car as a present when she turned 41 in March.