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The Walt Disney Company Add to portfolio

INX:DIS, Apr 26, 04:37 UTC

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Disney Stock Is Rising Because It Might Buy Comcast’s Hulu Stake

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Walt (DIS) stock (ticker: DIS) closed higher Thursday after CNBC reported that (CMCSA) is considering selling its stake in Hulu. A deal could give Disney full control of the platform ahead of its coming streaming push. Disney built a majority stake in Hulu last month when it finally acquired most of 21st Century Fox’s entertainment assets for $71.3 billion, which included a 30% stake in the joint-venture.

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Guess How Many Subscribers Plan to Cancel Netflix for Disney+

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Guess How Many Subscribers Plan to Cancel Netflix for Disney+. Several other would-be competitors, including Hulu, Prime Video from Amazon (NASDAQ: AMZN), and others, have tempted to wrest the lead from its digital grasp. But Netflix's relentless focus on spending to bulk up its library has thus far laid waste to all comers. A Netflix killer? As much as 14.5% of Netflix's current U.S. subscriber base of 60 million said they are considering canceling the service in order to sign up for Disney+, according to a survey by the website Streaming Observer in partnership with data analysis firm Mindnet Analytics. The study, which was conducted earlier this month, found that 12.3% of current subscribers said they "might cancel Netflix and get Disney+" while another 2.2% said they will "definitely cancel Netflix" once Disney+ is available.

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'Avengers: Endgame' marks a new beginning for Disney stock

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"Avengers: Endgame" is forecast to be the highest-grossing movie in history, and stock analysts think it could help to push Disney shares higher. Captain America, Iron Man, and Thor's latest outing has already scored the biggest box-office opening ever in China and sold five times as many pre-sale tickets as its prequel, "Avengers: Infinity War". The movie is slated to rack up $280 million in ticket sales in its opening weekend, and go on to generate $800 million at the US box office and north of $2 billion worldwide. The movie is the first release of a "very robust film slate" for Disney that includes "Aladdin," "Toy Story 4," "The Lion King," "Frozen 2," and "Star Wars: Episode IX," said Goldman Sachs analyst Drew Borst in a research note. However, it's also the final film of Phase 3 of the Marvel Cinematic Universe (MCU) — the shared world that Marvel's big-screen heroes live in.

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Comcast is in talks to sell its 30% stake in Hulu to Disney

DIS CMCSA

Comcast is weighing a number of factors with regard to a sale, including valuation, using sale proceeds to pay down debt and support the dividend, and future controls over Hulu. Comcast CMCSA has had a frustrating run as a partial owner of video streaming platform Hulu, but that doesn't make the decision to sell its minority stake in the company any easier. That gave Roberts and NBC CEO Steve Burke some say in the company's future. But just as Comcast came off the sidelines, 21st Century Fox agreed to sell its 30% stake in Hulu to Disney. Right now, Hulu has 25 million subscribers, less than half of Netflix NFLX 's 58 million paying U.S. customers. But Netflix's valuation, at $167 billion, is more than 11 times that of Hulu. While Hulu's valuation has expanded from $5.8 billion to $15 billion since August 2016, a gain of 158%, Netflix has gained more than 300% over the same period. If Comcast expects Hulu's value to rise as much as Netflix, it would be silly to sell now unless Disney offers an insanely high premium.

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Comcast is in talks to sell 30% stake in Hulu to Disney — here's how it will decide

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Comcast has had a frustrating run as a partial owner of video streaming platform Hulu, but that doesn't make the decision to sell its minority stake in the company any easier. That 9.5% stake will be split between Disney and Comcast, unless Disney consolidates the entire company. "And we have no new news today on it, other than it's really valuable. And we're really glad we own a large piece of it." For years, Comcast was barred from having a say in Hulu's direction — part of a consent decree Comcast agreed to when it acquired NBCUniversal in 2011. Right now, Hulu has 25 million subscribers, less than half of Netflix's 58 million paying U.S. customers. But Netflix's valuation, at $167 billion, is more than 11 times that of Hulu. While Hulu's valuation has expanded from $5.8 billion to $15 billion since August 2016, a gain of 158%, Netflix has gained more than 300% over the same time period. If Comcast expects Hulu's value to rise like Netflix's has, it would be silly to sell now unless Disney offers an insanely high premium.

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Wednesday, April 24


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Survey Finds 8.7M Netflix Subscribers May Switch To Disney+

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Survey Finds 8.7M Netflix Subscribers May Switch To Disney+. Walt Disney Co (NYSE: DIS) shares are up 15 percent since the company announced it would be launching its new $6.99-per-month Disney+ streaming service starting in November. Disney+ will focus on providing family friendly content and will be undercutting the price of the standard Netflix, Inc. (NASDAQ: NFLX) by nearly 50 percent. Of course, at the time, the Disney+ alternative wasn't available for Netflix customers. What may be more troubling to Netflix investors is that 2.2 percent of survey respondents indicated they're definitely canceling their Netflix subscription in favor of Disney+. Even if none of the subscribers in the “considering” camp actually leave, losing 2.2 percent of Netflix’s U.S. subscribers would cost the company 1.3 million users.

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Disney heir calls on company to give 50 percent of exec bonuses to lowest-paid employees

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Disney heir calls on company to give 50 percent of exec bonuses to lowest-paid employees. Just days after calling the pay of Disney's top brass "insane," the granddaughter of company co-founder Roy Disney wrote an. , in which she acknowledged she "struck a nerve with a Twitter thread about wage inequality at the Walt Disney Co." "I believe that Disney could well lead the way, if its leaders so chose, to a more decent, humane way of doing business," she wrote in a piece published Tuesday. She proposes the company put aside half of the bonuses its executives earn, distributing that to the bottom 10% of Disney's 200,000 employees.

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Netflix at risk of losing 8.7 million subscribers to Disney+, survey finds

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About 14% of Netflix Inc. subscribers, equal to 8.7 million people, are considering dropping the streaming service in favor of the coming $6.99-a-month offering from Disney Co., at a cost to Netflix of about $117 million in lost revenue a month, a new survey has found.

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Disney vs Netflix: Here's which stock would have made you richer if you invested $1,000 10 years ago

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Media giants Disney and Netflix have both proven to be extremely successful companies over the years, and each landed a spot on the Forbes list of the world's most valuable brands in 2018. According to CNBC calculations, a $1,000 investment in Netflix on April 23, 2009, would be worth more than $58,000 as of April 23, 2019, for a total return of over 5,700%. If you put $1,000 in Disney over the same period, your investment would be worth about $7,700, a total return of over 680%. The difference between the two investments comes to more than $50,000. While Netflix would have made you more money, any individual stock can over- or underperform and past returns do not predict future results. We have all bought these," he said. "I've bought every single property of Disney. [For] my kids, it just was kind of a rite of passage." Iger, he added, "has transformed this company back to a growth stock in a way that people are saying, 'Finally, I've got one with earnings, with a balance sheet, with a great CEO; I don't have to risk it anymore.' That's what this story is." Overall, he concluded, "Wow.

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Tuesday, April 23


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Disney reportedly being offered stake in Nexon sale

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Disney's hunger for acquisitions has never been a secret, especially as the ink has dried on the 21st Century Fox deal. The deal had the potential for creating antitrust issues between Pixar, Marvel, and Fox coming under Disney control, but the SEC has determined that Disney is welcome to bring more beloved franchises under its mouse-eared umbrella. Now Disney has its sights set on Nexon, which GameDaily originally reported on in January. "And we found over the years that we haven't been particularly good at the self-publishing side, but we've been great at the licensing side, which obviously doesn't require that much allocation of capital. And since we're allocating capital in other directions, even though we certainly have the ability to allocate more capital, we've just decided that the best place for us to be in that space is licensing and not publishing." If it turns out that Disney is eyeballing MapleStory 2's developer to be folded into its growing corporate portfolio, it might be that Nexon will continue to operate as though Disney has nothing to do with it, much like how Tencent invests with a light-touch throughout the game industry. If Iger's comment stands, even in the midst of a potential purchase that could be worth 15 trillion won ($13.2 billion US), perhaps Nexon would be well-suited to create licensed Disney games in the MapleStory style. If it turns out that Disney wins the grand prize (to the tidy tune of $13.2 billion), it could mean that Nexon as we know it will be dismantled.

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