Walt Disney stock rallies as Disney+ streaming growth paints silver lining on third quarter
Across all platforms, Disney now has over 100mln streaming customers and more than 60mln of those signed up to Disney+ following its launch last year.
Company
Walt Disney Co
NYSE:DIS
Walt Disney Co is a diversified entertainment company that operates in three segments: Entertainment, Sports and Experiences.
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Disney strips ads from Facebook to join growing boycott over handling of hate speech, WSJ reports
Disney was the social media company's largest US advertiser, according to media reports
Tears for ears - Disney profits collapse as coronavirus closed theme parks, cinemas and sports
Disney has axed a US$1.6bn dividend whilst estimating a US$1bn loss for its theme park businesses alone.
Walt Disney Co.’s boss of 15 years nominates successor as he heads for the exit
Bob Iger is replaced by Bob Chapek, who has been at Disney for 27 years
Disney's revenues jump as streaming service makes stunning launch
Revenue for the quarter to 28 December jumped 36% to US$20.8bn helped by 26.5mln new subscribers
Disney+ streaming service exceeds expectations with 10mln sign-ups
The results were achieved despite technical glitches on launch day which brought over 7,000 people issuing formal complaints
Disney gets revenue boost from film revamps, parks but streaming service costs weigh on earnings
Revamps of The Lion King, Toy Story 4 and Aladdin drove a 52% rise to US$3.3bn in studio entertainment revenues, offset by spending on streaming services
BT faces extra pressure on dividend from Virgin Media fibre acceleration
BT's Openreach has "little choice but to accelerate" its fibre broadband rollout in order to gain scale quickly amid reports that Virgin Media is seeking to expand its fibre footprint
Netflix subscriber miss could place ITV in the takeover crosshairs
Analysts at Liberum said that the FTSE 100 broadcaster would be an "obvious" acquisition option for the streaming giant due to its substantial content production arm, ITV Studios
Rival streaming services could cost Netflix 65% of its viewing hours, says Wedbush
The launch of rival streaming services by the likes of Disney and NBCUniversal was expected to result in a slow bleed of content away from Netflix's service
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Ted Baker tumbles to seven-year low as HSBC slashes target
A look at the day's major movers, including Ted Baker, IAG, easyJet, Bagir, Blue Prism, EVR, Blackbird, Nu-Oil & Gas, Anglo Asian Mining and Petrel Resources
Wall Street finishes in the green thanks to late surges from Qualcomm, Boeing
Qualcomm settled with Apple, and Boeing inked a major defense contract, giving the major indices a much-needed afternoon boost
Disney to launch streaming service with Marvel and Star Wars spin-offs at nearly half the price of Netflix
Disney Plus will be available in the US on November 12 at a price of US$6.99 a month, nearly half Netflix’s standard US$12.99 plan
Hardware & electrical equipment
FAANG Report: Google overhauls sexual harassment policy; Netflix ready for streaming battle with Disney
Facebook making available a feature to unsend messages, but only for 10 minutes
European Commission seeks input on investigation into Disney pay-TV commitments
The watchdog said it was concerned that clauses in contractual deals between six film studios, including Disney and Sky, could prevent programmes being shown across borders
Early Movers: Disney in focus as 'Black Panther' and 'Incredibles 2' power quarterly profits while Yelp plunges
Finisar, which provides parts to Apple, is also pushing higher on news of its takeover by II-VI
Sky's contracts with Disney at risk after Comcast takeover
Berenberg said: "Disney missed buying Sky and competes with Comcast. Disney now doesn’t have any incentive to renew its programming deals with Sky unless it’s on extremely good financial terms”
Disney makes concessions as it seeks European approval for US$71bn Fox takeover
The proposals were submitted on Friday, although no details have been released so far as to what the concessions might be
James Murdoch steps down from Sky board after Comcast completes takeover
Comcast now owns 76.84% of Sky after successfully outbidding Fox in an auction to take over the broadcaster last month
ITV could fetch £245mln for sale of London south bank headquarters, say analysts
Liberum said ITV could use the proceeds of the disposal to reduce debt, return cash back to shareholders, support mergers and acquisitions, for investments