Disney+ ups the ante against Netflix with first live stream
Disney+ had 118mln subscribers at the end of October
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NYSE:DIS
Walt Disney Co is a diversified entertainment company that operates in three segments: Entertainment, Sports and Experiences.
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Disney+ had 118mln subscribers at the end of October
New subscriber additions to Disney+ dependent on success of new offerings, as theme parks rebound
"Susan is the perfect choice for chairman of the board, and I am confident the company is well-positioned for continued success under her guidance and leadership," Bob Iger said.
“The streaming pandemic party has firmly come to an end for Disney,” said analyst Paolo Pescatore.
The whole of the 2022 Marvel release schedule has been set back
Meanwhile, streaming services Disney+, ESPN+ and Hulu have racked up nearly 174mln subscribers in total
The Hollywood actor is claiming that the decision of the media giant to release the superhero epic simultaneously on its streaming service and in cinemas deprived her of potential earnings
The latest instalment of the Marvel movie franchise starring Scarlett Johansson reportedly grossed US$80mln in the US and Canada in its opening weekend, a high water market for the box office during the pandemic
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Tesla and Facebook each added more than 3% as tech stocks broadly outperformed
Quarterly earnings beat expectations but streaming subscribers fell short of forecasts.
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Market sentiment picked up on Thursday, allowing the main indices in New York to stage a rebound
Investors will obviously look to the performance of Disney+ and the reopening of the theme parks, but some cheeky dividend news will also be well received
The streaming service helped offset losses in other parts of the business as COVID-19 closures caused a US$2.6bn hit on profits in the parks segment
The entertainment giant now expects the streaming platform to amass 230mln-260mln subscribers by 2024, well above its initial forecasts of 60mln-90mln
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The S&P 500 fell for its 3rd-straight day to close out a losing week
The house of mouse said it is planning to cut 32,000 jobs in the first half of next year, up from 28,000 layoffs announced in September
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The DJIA gained 4% for the week following news Monday that Pfizer's vaccine was more than 90% effective in trial
The media giant's paid streaming platform, Disney+, reported 73.7mln subscribers at the end of its fourth quarter, a breakneck pace of growth following its US launch in November last year
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Equities turned even lower after Federal Reserve Chairman Jerome Powell said the US economic outlook remained uncertain even after positive vaccine news earlier this week
Under the plans, the media giant said it will separate content production from distribution in a bid to be more responsive to consumer demands