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Next month Disneyland in California will début a glittering new float in its night time parade Paint the Night and although it has all the bells and whistles, the real magic is behind the scenes. The first night time parade which rolled through Disneyland was the Main Street Electrical Parade in 1972. Named after the turn-of-the-century-themed street it passed through, the parade featured floats shaped like classic Disney characters which were covered in brightly-colored light bulbs.
Disney's Bob Iger, center, and Mickey Mouse ring the market's opening bell with NYSE's Tom Farley last November. As of late this week, Netflix was worth more, by market capitalization at least, than Disney or Comcast. For the rest of Memorial Day weekend at least, Netflix remains the world's most highly valued media and entertainment company.
On its face, a $71 million Fri-Sun figure was a terrific number for an opening weekend. It's somewhat rare, especially in this frontloaded and Netflix-and-Chill era, but it does happen from time (Sherlock Holmes: A Game of Shadows) to time (Batman Begins). All of this brings us to Solo: A Star Wars Story.
In Asia, President Trump's abrupt termination of the North Korea summit sent shares lower, but his decision to keep the possibilities open a day later led to a modest recovery. Looking at technical indicators, the relative strength index (RSI) appears neutral at 56.80, but the moving average convergence divergence (MACD) could see a near-term bearish crossover. Looking at technical indicators, the RSI appears neutral at 55.19, but the MACD could see a bearish crossover.
Rio Tinto Limited (ASX:RIO) is currently trading at a trailing P/E of 12.8x, which is lower than the industry average of 14x. While this makes RIO appear like a greatRead More...
Big-company earnings per share swelled nearly 25% during the first quarter, the biggest gain since 2010. Exceptional chief executives are preparing for tomorrow’s challenges by putting today’s cash windfall to good use. Others are arms dealers to companies investing online, including list newcomers James Whitehurst at Red Hat (RHT) and Jayshree Ullal at Arista Networks (ANET).
LONDON—The environmental damage around the site of two Royal Dutch Shell PLC oil spills in Nigeria a decade ago has worsened significantly after years of delay to cleanup efforts, according to a report that the oil giant has been accused of trying to shield from public view. The spills from a ruptured Shell pipeline spewed thousands of barrels of oil over parts of the Bodo fishing community in the crude-rich Niger Delta. Although the company in 2015 reached an out-of-court settlement with the local community, admitting to liability and agreeing to pay £55 million, or around $80 million at the time, in compensation, controversy around the case has remained.
The milestone for Netflix is the latest sign that investors remain faithful to the handful of technology and internet firms that have powered the broader market in the past few years.
A prominent media analyst Friday urged shareholders of Twenty-First Century Fox to delay voting on a hookup with Walt Disney until rival suitor Comcast has a chance to make a promised higher bid. “Do not let Disney steal Fox from Rupert,” urged Rich Greenfield of BTIG Research — offering investors some food for thought ahead of a long holiday weekend. “We have yet to talk to a large Fox investor that does not prefer a meaningfully superior cash offer from Comcast to an all-stock bid from Disney – regardless of the tax implications,” he wrote in a blog post.
Disney (DIS) has been hoping to acquire 21st Century Fox’s (FOX) assets for quite some time. Comcast announced that it plans to make an all-cash bid for Fox. Disney launched a $52.4 billion all-stock bid for some of Fox’s assets in December 2017, though this planned acquisition did not include Fox Broadcasting, Fox Business, or Fox News.
Walt Disney Co. slashed its opening-weekend forecast for “Solo: A Star Wars Story” as early returns from theaters signaled a deeply disappointing opening for the company’s newest space adventure film. Sales at U.S. and Canadian theaters are likely to total $105 million to $115 million through the four-day Memorial Day weekend, Disney said Friday in an email. The “Star Wars” films are a key part of Disney’s movie slate, which also includes the hugely successful Marvel movies and animated features from Pixar.
When Riot Games Inc. announced a $350 million deal with BAMTech 18 months ago, it marked a hallmark moment for the growing economy of professional video gaming. The first major media rights deal in esports, it suggested a future in which major video game competitions could make money in the same ways major league sports do. Riot on Friday announced a new streaming agreement with ESPN+, the digital platform launched this year by Walt Disney Co.’s ESPN.
Foundation for the Carolinas CEO Michael Marsicano tends to dream big. And, as with previous ambitious philanthropy campaigns, his latest depends heavily on buy-in from Charlotte’s corporate sector.
The Charlotte region’s Fortune 500 headquarters count remained steady at six in Fortune magazine’s listing of the largest U.S. public and private corporations for 2018. There were no companies in South Carolina that made the Fortune 500 ranking. Among local companies, Sealed Air Corp. (NYSE: SEE) was the biggest mover on the list, dropping 59 spots to No. 456.
The Walt Disney Company (DIS) is launching a food-focused digital channel called Disney Eats under its Disney digital networks arm. The digital network was previously known as Maker Studios, a business that Disney acquired for $500 million in 2014. Disney is now stepping up its efforts to make more money off the digital network.
Recent stories on Netflix, Amazon, Hulu and other streaming services reported by The Business Journals and elsewhere.
has thrown a lifeline to Rue21 allowing the fresh-out-of-bankruptcy teen retailer stock up for the coming back-to-school season just as it failed to get an extra $25 million loan from Pathlight Capital, according to people familiar with the matter. Bank of America, Rue21 Inc.’s lender, has agreed to upsize its loan to the teen retailer, after the company’s effort to sign up a separate junior loan from Pathlight Capital failed collapsed when lenders vetoed the move, people familiar with the matter said. Rue21’s revolver lender, Bank of America, however, has recently upsized its asset-based loan to the retailer to close to $140 million, from $125 million, according to the people.
This review contains no spoilers. There are a lot of movies released nowadays that the world didn’t ask for or need. Just this summer, we can look forward to a fourth sequel to Jurassic Park; a sequel to The Incredibles released 14 years after the original; Ocean’s Eleven‘s numerically confusing third sequel; and a sequel…
Fox released a cute Golden Girls-ish Deadpool commercial online today, presumably to coax folks to either see the movie or see the movie again over the long Memorial Day weekend. The hope is that the holiday weekend will soften the blow of what otherwise might be a hefty second-weekend drop, and we'll see if it ends up closer to $220 million or $230m domestic by Monday night. The movie has earned $164m in its first week of domestic release, meaning it has earned at least $370m worldwide on a $110m budget.
The additions will be Disney's biggest "single-themed land expansion" ever, according to Disney CEO Bob Iger. Each will be an expansive 14 acres.
NetApp (NTAP) stock has returned 69% in the last 12 months, -2.3% in the last month, and -5.5% in the last five days. It rose 36% in 2016 and 60% in 2017. Since the start of 2018, the stock has risen 21%.