DIS - The Walt Disney Company

NYSE - NYSE Delayed Price. Currency in USD
+1.93 (+1.74%)
At close: 4:02PM EST
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Previous Close110.66
Bid112.49 x 2200
Ask112.50 x 1400
Day's Range111.03 - 112.63
52 Week Range97.68 - 120.20
Avg. Volume8,145,719
Market Cap167.847B
Beta (3Y Monthly)0.52
PE Ratio (TTM)15.42
EPS (TTM)7.30
Earnings DateFeb 4, 2019 - Feb 8, 2019
Forward Dividend & Yield1.76 (1.59%)
Ex-Dividend Date2018-12-07
1y Target Est126.45
Trade prices are not sourced from all markets
  • Reuters7 hours ago

    Fiascos and fumbles: Oscar organizers stumble to restore glory

    First it was the furor over a proposed new "popular" film category, then it was the fiasco over planned host Kevin Hart, and last month the organizers of the Oscars were accused of intimidating celebrities not to present at rival award shows. Last week, another storm erupted when, as part of a pledge to shorten next Sunday's Oscars ceremony, plans to present awards for cinematography, film editing, live-action shorts and makeup/hairstyling during commercial breaks were slammed as insulting by actors, directors and cinematographers. It's been a tough 12 months for the Academy of Motion Picture Arts and Sciences as it battles to restore its annual Oscars show to a must-see event after the U.S. television audience slumped to an all-time low last year.

  • 3 Reasons Disney World Is Increasing Prices This Month
    Motley Foolyesterday

    3 Reasons Disney World Is Increasing Prices This Month

    After 30 years of ticket hikes, the world's leading theme park resort isn't going to stop now.

  • TheStreet.comyesterday

    Disney, Activision, Chipotle and more: 'Mad Money' Lightning Round

    Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Friday evening: The Walt Disney Co. : "You don't sell Disney, you stick with it for the long term.

  • The Wall Street Journal2 days ago

    [$$] Ronald W. Miller Endured Hard Knocks as Football Player and Disney CEO

    Ronald W. Miller, who died Feb. 9 at age 85, owed his career to a blind date. Handsome, dark-haired and 6-foot-5, Mr. Miller was a football star at the University of Southern California in the early 1950s when he was set up with Diane Disney, a USC student and the older daughter of Walt Disney. Soon, however, Mr. Miller sensed that both Ms. Disney and her father were sizing him up for a long-term role.

  • Reuters2 days ago

    Oscar organizers scrap plan to award four Oscars in commercial breaks

    The organizers of the Oscars ceremony on Friday scrapped a plan to award four Academy Awards during commercial breaks in the Feb. 24 telecast, following an uproar by Hollywood filmmakers, actors and others. Earlier this week, the academy announced that the Oscars for best cinematography, film editing, short films and makeup/hairstyling would be presented during the commercials in the telecast. The plan was part of an effort to make the Oscar telecast shorter and boost television viewership after the audience for the 2018 ceremony on ABC fell to an all-time low.

  • CNBC2 days ago

    Cramer's lightning round: Don't sell Disney yet—you'll want to own it long term

    It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.The Walt Disney Co. DIS : "Don't sell Disney yet.

  • Bob Iger Restored Disney's Magic Kingdom Through Creative Management
    Investor's Business Daily2 days ago

    Bob Iger Restored Disney's Magic Kingdom Through Creative Management

    When Bob Iger took over as CEO of Walt Disney Co.[ticker symb=DIS] in October 2005, he had a hard act to follow. Under Michael Eisner starting in 1984, Disney's movies were blockbusters for years, Broadway spinoffs danced off with awards. ESPN scored continuous touchdowns. Theme park attendance skyrocketed. Then management turmoil helped drive down the stock by one third over...

  • Epic surf store carves out a spot in Disney Springs
    American City Business Journals2 days ago

    Epic surf store carves out a spot in Disney Springs

    A Ron Jon Surf Shop will create waves when it opens by the end of this year at Disney Springs, Walt Disney World's entertainment, shopping and dining complex in Orlando. The Cocoa Beach-based surfing store has five Florida locations with two in Central Florida at the Florida Mall and on Cocoa Beach.

  • New hotel planned at Disney's Flamingo Crossings
    American City Business Journals2 days ago

    New hotel planned at Disney's Flamingo Crossings

    A new Hilton Worldwide Holdings Inc. (NYSE: HLT) flag hotel is in the works at Walt Disney World's Flamingo Crossings mixed-use development. Anchorage-based JL Properties Inc. filed plans with the state this month for a new 250-room hotel property at Flamingo Crossings — its third property on site. Flamingo Crossings, which was master-planned by Disney, has drawn outside investors to build lodging and retail.

  • ‘Star Wars,’ ‘Frozen’ merchandise to hit store shelves at same time
    American City Business Journals2 days ago

    ‘Star Wars,’ ‘Frozen’ merchandise to hit store shelves at same time

    “Star Wars: Episode IX” doesn’t even have a title yet, but we now know when we can start buying toys, clothes and even housewares tied to the movie.

  • McDonald's lags in new study of nation's most intimate brands
    American City Business Journals2 days ago

    McDonald's lags in new study of nation's most intimate brands

    Among Chicago's most intimate brands, the burger behemoth fell behind another familiar comfort food brand.

  • Netflix Stock Is All About The Innovator’s Dilemma
    InvestorPlace2 days ago

    Netflix Stock Is All About The Innovator’s Dilemma

    The rally since the December lows has certainly been impressive. But as for Netflix (NASDAQ:NFLX), it has made this bull move look kind of tame. Since late December, the shares have soared from $234 to $360 -- or about 53%.Source: Netflix Now, NFLX stock has a pretty good track record anyway. Consider that for the past decade the average annual return has been a blistering 51.8%!This really goes to how important major changes can be with large markets. It's essentially about the innovator's dilemma -- a concept developed by Harvard professor and entrepreneur Clayton Christensen in the 1990s -- where the incumbents cannot react quickly enough. The main reason is fear of cannibalizing the existing business.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut this can prove fatal. Over the years, we've seen how industries can be disrupted, such as with Amazon.com (NASDAQ:AMZN) in e-commerce, Uber with the taxi cab business and Salesforce.com (NYSE:CRM) with enterprise software.With Netflix stock, the main catalysts for the disruption opportunity have been the availability of high-speed internet access and pervasiveness of smartphones. But there has also been a move towards affordable subscriptions. The result is a secular change in how people consume entertainment content. * 10 Hot Stocks Leading the Market's Blitz Higher The trend is clearly evident with cord-cutting. According to research from eMarketer, about 50 million Americans will abandon cable and satellite TV by 2021, up from 20 million this year.By being a first mover, Netflix has some significant competitive advantages that should last for quite some time. The company's name has become of top-of-mind for streaming. The company also has a lead in critical areas like AI, which has allowed for more effective content creation. And yes, there is the scale of the user base. There are currently about 139 million subscribers across 190 countries. In other words, Netflix is winning the "land grab" of the streaming opportunity.To put things into perspective, look at some of the findings from Lab42, a market research firm. About 89% of streaming subscribers are customers of Netflix and the renewal rate is 93%. By comparison, AMZN's is at 75% and Hulu's is 64%.With high levels of customer loyalty, NFLX has been able to build a substantial recurring revenue stream. It also means the company is in a position to periodically increase the pricing. Bottom Line On Netflix StockNo doubt, there are notable risk factors for Netflix stock. The competitive environment is getting more intense. Some of the rivals include Disney (NYSE:DIS), CBS (NYSE:CBS), Amazon, Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Apple (NASDAQ:AAPL).Although, interestingly enough, the most recent Netflix shareholder letter notes that the wildly popular game, Fortnite, is much more of a competitor! The reason is that it is essentially a big draw on people's attention.Another nagging issue is that content development can be dicey. Even with the power of analytics, there could still be a string of flops. Zynga (NASDAQ:ZNGA) is definitely an example of this. Despite having a large user base and large amounts of data, it has had a tough time creating engaging new titles.But for NFLX, there are few signs that the company is losing its touch in creating standout content. For example, its movie Bird Box has been streamed in 80 million homes.True, Netflix stock is far from cheap, with the forward price-to-earnings ratio at 54X. But then again, as we've seen over the years, this hasn't been much of a factor anyway, especially as the company should remain a leader in the disruption of the entertainment market.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? * 7 Strong Buy Stocks With Over 20% Upside * 7 Reasons Stock Buybacks Should Be Illegal Compare Brokers The post Netflix Stock Is All About The Innovatora€™s Dilemma appeared first on InvestorPlace.

  • CBS's Setbacks Are Offset By Smart Streaming Plans
    Bloomberg2 days ago

    CBS's Setbacks Are Offset By Smart Streaming Plans

    CBS’s programming prowess always seemed inextricably linked to Moonves, who remained deeply involved in the creative side of the TV network in a way that other media CEOs aren’t. Removing Moonves from his post will never have not been the right decision. CBS reported fourth-quarter results late Thursday, its first full operating period without Moonves.

  • InvestorPlace2 days ago

    Twitter Stock Still Has a Valuation Problem

    I've been skeptical about Twitter (NYSE:TWTR) stock for some time now. Admittedly, even though TWTR stock has been range-bound since late July, I've been too skeptical towards it, as Twitter stock has rallied over the last two years, roughly doubling during that period.As I wrote in December, the gains of Twitter stock have been deserved, at least to some extent. The company's total user base (as represented by MAUs, or monthly active users) hasn't grown much. But its engagement is up, as shown by increases in its DAUs (daily active users). And Twitter has become a better, more valuable partner for advertisers.Yet that success hasn't done much for TWTR stock of late. Its Q3 earnings, which were reported in October, sent Twitter stock soaring. Yet a 10% decline after the Q4 release earlier this month wiped out most of those gains. Twitter stock now actually is down 7.4% over the past twelve months.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Hot Stocks Leading the Market's Blitz Higher There's one big reason why: valuation. TWTR looked hugely expensive at $45 in June, but even at $31, where it currently trades, it's not exactly cheap. And with Twitter's earnings growth likely to be muted in 2019, it's tough to see how concerns about its valuation will ease any time soon. The Valuation of TWTR StockTwitter stock still trades at about 17 times its enterprise value-EBITDA ratio. After backing out close to $5 per share of net cash, TWTR trades at about 30 times analysts' 2019 earnings-per-share consensus of 89 cents. (Those estimates may come down as analysts adjust their models.)Neither of those metrics is cheap. Based on both of the above criteria, Twitter is more expensive than Facebook (NASDAQ:FB), which continues to grow faster. It's more expensive than Alphabet (NASDAQ:GOOGL,GOOG), whose revenue is also rising faster than that of TWTR. The 30 times forward P/E multiple of Twitter stock is above the S&P 500's average valuation.At the very least, the valuation of Twitter stock suggests either that Twitter will grow for years or that Twitter will be sold. But an acquisition still seems unlikely: TWTR was clearly on the auction block in 2016, only to see Alphabet, Disney (NYSE:DIS), and Salesforce.com (NYSE:CRM) all pass on a deal.And so, TWTR has to grow to justify the valuation of TWTR stock. Even though Twitter's business has improved, that seems like a lot to ask after the company's Q4 report. How Twitter Stock Can Move HigherFrom a broad standpoint, there are three ways that Twitter's earnings can increase. It can attract more users. It can make more money from its users. Or it can lower costs as a percentage of its revenue, either by increasing its revenue more quickly or by cutting its costs.Again, Twitter has had some success. What the company now calls mDAU (monetizable daily active usage) rose 9% year-over-year in Q4, and about 10% for the full year. Monthly active users (which Twitter no longer will disclose ) declined, in part due to the removal of bots and fake accounts. The two figures show that the users who visit Twitter are using it more often.But the MAU figure also highlights a key problem: Twitter isn't attracting users who weren't previously familiar with the service. That alone suggests a potential headwind to growth.On the revenue per user front, Twitter is also making progress. Its Q4 revenue rose 24%, driven by the 9% increase of mDAU. The shift to video - a strategy of which I admittedly was highly skeptical - is attracting advertisers and increasing the company's revenue.But Twitter delivered relatively disappointing Q1 guidance. Its Q1 revenue guidance of $715-$765 million represents an increase of 7.5%-16.5%, slower growth than the company has posted in recent quarters. It looks as if the improvements in the monetization of its users are fading, another reason to believe that the company's overall revenue growth is going to decelerate. High Spending Will Dent Twitter's EarningsMeanwhile, Twitter's costs are set to move higher, both on an absolute basis and as a percentage of its revenue. Specifically, TWTR expects its GAAP and non-GAAP operating expenses to rise 20% in 2019.That means its costs likely are going to rise faster than its revenue will. The higher spending is being partly caused by Twitter's efforts to improve its IT security and users' experience.As a result, Twitter's Q4 earnings look a bit like the Q2 report that caused Facebook stock to plunge in July. Facebook's revenue growth slowed, and it warned that it would have to spend a great deal more money to protect its platform. Consequently, FB stock lost the most money in a single day in stock-market history.The selloff of TWTR stock obviously wasn't nearly as bad. Nor should it have been; Twitter's spending isn't spiking to anywhere near the same extent as Facebook's did.But it's worth noting that Facebook stock still trades below where it did after that plunge. And while the stories of the two stocks aren't identical, the results could be similar. Twitter stock still is pricing in quite a bit of earnings growth. The company is saying that that growth isn't coming, at least in 2019. That divergence could keep on a lid on TWTR stock for quite some time.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? * 7 Strong Buy Stocks With Over 20% Upside * 7 Reasons Stock Buybacks Should Be Illegal Compare Brokers The post Twitter Stock Still Has a Valuation Problem appeared first on InvestorPlace.

  • CBS Corporation (CBS) Q4 Earnings & Revenues Increase Y/Y
    Zacks2 days ago

    CBS Corporation (CBS) Q4 Earnings & Revenues Increase Y/Y

    CBS Corporation (CBS) fourth-quarter 2018 results benefit from its strong content portfolio across it traditional and over-the-top (OTT) platforms.

  • Funko acquires a board game company as it takes aim at Hasbro
    Yahoo Finance2 days ago

    Funko acquires a board game company as it takes aim at Hasbro

    Funko enters the board game space as it seeks to diversify further from its popular pop culture dolls.

  • Disney Announces Unprecedented Global Launch for Star Wars and Frozen 2-Inspired Product Setting at Retail on October 4
    Business Wire2 days ago

    Disney Announces Unprecedented Global Launch for Star Wars and Frozen 2-Inspired Product Setting at Retail on October 4

    Fans of two of the most anticipated films of 2019 – Star Wars: Episode IX and Disney’s Frozen 2 – can begin counting down to October 4 when new products inspired by these two major entertainment events will begin hitting shelves around the world. Marking Disney’s first-ever, global simultaneous rollout for two entertainment juggernauts, retailers around the world will create unique celebrations for each of the franchises to honor their individual legacies. “This is truly an epic moment for fans, families and retailers as products for two of the biggest-ever entertainment franchises hit shelves simultaneously,” says Ken Potrock, President, Consumer Products Commercialization.

  • The Zacks Analyst Blog Highlights: Snap, Amazon, Viacom and Disney
    Zacks2 days ago

    The Zacks Analyst Blog Highlights: Snap, Amazon, Viacom and Disney

    The Zacks Analyst Blog Highlights: Snap, Amazon, Viacom and Disney

  • Buy Netflix (NFLX) Stock on the Dip While You Still Can?
    Zacks3 days ago

    Buy Netflix (NFLX) Stock on the Dip While You Still Can?

    Shares of Netflix (NFLX) have soared over 55% since Christmas, to crush Facebook (FB), Amazon (AMZN), and its other FAANG peers. Despite this impressive resurgence, NFLX stock rests roughly 15% below its 52-week high.

  • Apple Planning Star-Studded Launch For Streaming Video Service
    Investor's Business Daily3 days ago

    Apple Planning Star-Studded Launch For Streaming Video Service

    Apple reportedly plans to hold a high-profile media event replete with Hollywood stars to launch its long-awaited streaming video service. Apple is looking to hold the event March 25.

  • InvestorPlace3 days ago

    3 Reasons Netflix Will Survive Its Subscription Price Hike

    Those of you who are Netflix (NASDAQ:NFLX) customers are certainly aware by now that the cost of your subscription is about to rise, from $1 to $2 per month, depending on your plan. The news went viral in a matter of minutes when it broke back on Jan. 15. To that end, those of you who own Netflix stock are understandably concerned.The price tag is still negligible for most consumers, but there are a growing number of cheaper alternatives. Perception is everything.This is one of those (many) cases where worry isn't necessary though. Obviously some paying members will revolt by unsubscribing, but most won't, for three key reasons.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 U.S. Stocks That Are Coming to Life Again 3 Reasons This Won't Ruin Netflix StockDon't misread the message. Streaming giant Netflix has a number of issues to address, not the least of which is its increasingly negative free cash flow. The figure reached a record-breaking $1.31 billion last quarter, with no end in sight. Despite the business model's unusual nature, the trend isn't indefinitely sustainable.Simultaneously, now that Netflix has proven and even developed the whole business of piping in digital video content straight to consumers, legitimate competitors are stepping up their game.Case(s) in point: Hulu, co-owned by Comcast (NASDAQ:CMCSA), Walt Disney (NYSE:DIS) and a couple of other media players, continues to add subscribers, as does Amazon.com (NASDAQ:AMZN) to its Prime platform.Hulu, in fact, countered Netflix's recent price hike with a price cut. Disney, meanwhile, still intends to launch its own standalone streaming service later this year, drawing on its hit franchises like Star Wars and Marvel's Avengers universe.They're all good reasons to wonder if Netflix stock will ultimately be up-ended by the price increase, even if it hasn't happened yet.Of all the things that could prove problematic, however, higher prices isn't one of them for thee related reasons.1.Americans unaware of subscription-based spendingEarlier this month, management consulting firm Waterstone Group published some recent findings from a recently-conducted survey that indicated U.S. consumers have no idea how much they're actually spending on subscription services like Netflix or Spotify.Of them, 84% vastly underestimate how much they spend per month on recurring services.And, on average, they weren't even close. Even given extra time to think about it, consumers estimated they spent around $112 per month on subscriptions, but actually spent closer to $237.The lack of awareness is arguably unhealthy for America's household budgets, but as long as consumers aren't bothering to crunch the numbers, most won't think twice about the extra couple of bucks they'll now be shelling out for Netflix.2.More hours spent watching"Netflix prices, compared to the value it provides, is still attractive if you look at Hulu, HBO, etc.," explains Ravi Dhar, the director of the Center for Customer Insights at Yale School of Management.Dhar goes on to say, "How much does a movie cost in a theater? Compare that to how much content people watch on Netflix and its cost. It is still far more economical and easy to justify."And Netflix watchers are certainly extracting more value from their Netflix subscription. The average Netflix subscriber streams 64% more content than Hulu customers do.Netflix is also winning the war for perceived value when stacked up against traditional cable television.Though the average one hour and eleven minutes per day watching the service's videos is less time than most consumers spend watching cable television, much of that cable time is split up among several television channels, and focus may be minimal.And, even though viewers are watching more cable television, they're paying dearly for it. Whereas traditional cable television costs roughly 67 cents per hour actually watched by subscribers, according to number-crunching from CordCutting.com, Netflix's cost per hour works out to about 12 cents.3.First to market, most market shareFinally, it's more of a qualitative reality than a quantitative idea, but being the first to the market has helped Netflix cultivate a loyal following that simply may not want to go to the trouble of unsubscribing.Nearly 90% of streaming subscribers are Netflix customers, and though that doesn't preclude them from adding another competing services, it does make it clear which provider is the go-to choice. Though Netflix needs to work on margins and profitability, the hard part, establishing the biggest customer base is done.And as reminder, although Netflix has been bumped around by previous price increases, none of them stopped the company's long-term growth train. Bottom Line for Netflix StockTo be clear, being the biggest and most successful in a particular business doesn't inherently translate into profitability.It matters. Amazon may well be losing money with Prime, but it's offsetting that loss by inducing sales of merchandise. The average Prime customer spends roughly $1300 per year shopping at Amazon.com, versus only $700 per year for non-Prime members.Disney and Comcast, meanwhile, can use repurposed existing content to populate Hulu's library, lowering its net costs. Netflix, meanwhile, only makes money by selling subscriptions to its service. It's still not clear profits and positive cash flows are reliably meaningful with that monolithic model.What should be clear to owners of Netflix stock, however, is that most of the company's subscriber base isn't going anywhere despite the rising cost of its service.That loyalty is at least something for Netflix stock to build on.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 U.S. Stocks That Are Coming to Life Again * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 5 Tips to Become a Better Stock Trader Compare Brokers The post 3 Reasons Netflix Will Survive Its Subscription Price Hike appeared first on InvestorPlace.

  • Disney's CEO and CFO Talk Streaming Services, Park Visitors' Deep Pockets, and Fox Acquisition
    Motley Fool3 days ago

    Disney's CEO and CFO Talk Streaming Services, Park Visitors' Deep Pockets, and Fox Acquisition

    Here are three key takeaways for investors from Disney's first-quarter earnings call.

  • InvestorPlace3 days ago

    Is Apple Set to Unveil New TV Service and “Netflix for News” in March?

    Apple (NASDAQ:AAPL) is reportedly planning a big event for Mar. 25. This one isn't going to feature new hardware. Instead, the next Apple event is expected to focus on the company's new push into digital services. A revamped, subscription-based Apple News -- described as a "Netflix for news" -- was the first of these services to leak. Now, it appears that AAPL's long-awaited TV service will also be announced.Apple stock posted slight gains as the rumors of the March event first surfaced, but it has since leveled out. However, with the company expected to increasingly rely on Services revenue as iPhone sales soften, the Apple March event announcements will have a real impact on AAPL going forward. Apple Event: Subscription-Based Apple NewsOn Tuesday, news hit that AAPL is planning an event for Mar. 25. Rumors had been flying that the company might release its second-generation AirPods wireless earbuds, the iPad Mini 5 or even its long overdue AirPower wireless charger. However, according to BuzzFeed, which first broke the news of the Mar. 25 date, this Apple event will be all about Apple News.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe company is reportedly going to offer a paid subscription option for its News app, offering all-you-can-read access for $10 per month. * The 10 Best ETFs You Can Buy It didn't take long for details to surface, or for potential cracks to show in AAPL's strategy. The Wall Street Journal reported that Apple is looking for a 50% revenue split from publishers, for its so-called "Netflix for news." And according to that report, some publishers are balking at AAPL's cut. The 50% rate is much higher than the 30% it receives from apps, and participating would also mean publishers would lose some subscribers from their own paywalled sites -- along with client-specific data and credit card info. There are also questions about how AAPL will distribute the remaining 50% of subscription fees among the participating publishers.Offsetting those concerns is the fact that Apple News is pre-installed on the 2 billion iOS devices Apple has shipped, and it is now available on its Mac computers as well. Apple's TV Streaming ServiceYesterday, the scope of the March Apple event expanded. Bloomberg reported that AAPL has begun sending invitations to Hollywood celebrities, as Mar. 25 will also mark the unveiling of the company's subscription TV service. Apple has been investing heavily in original content and it has been in discussion with networks and studios for years as it negotiates for additional programming. According to Reuters, AAPL has now signed deals with CBS (NYSE:CBS) and several other networks. Apple's streaming TV service will be taking on Netflix (NASDAQ:NFLX), Amazon (NASDAQ:AMZN) Prime video and Disney's (NYSE:DIS) forthcoming Disney+ streaming service.Bloomberg's sources say the new streaming service will be announced at the Mar. 25 Apple event, but Reuters says the company won't make the announcement until April. Either way, we'll know what Apple is up to before spring is out. Pricing details haven't yet been uncovered, but the timeline for the launch of the service is expected to be this summer. The Apple AdvantageNegotiations for content have been difficult and drawn out. Apple has reportedly been negotiating with networks for years, without inking a deal -- despite the success of its Apple TV set-top streaming box. * 7 Reasons to Own Coca-Cola Stock However, with iPhone sales on the decline and a focus on Services revenue to fuel future Apple revenue and AAPL stock growth, the pressure is on. And Apple has additional leverage with the success of Apple Music. AAPL's $9.99 streaming music service launched in 2015 and with the advantage of having the app pre-installed on every iOS device, Apple has grown the service to 50 million paying subscribers and second place globally. That growth for a paid service amid established competition is not just good news for AAPL shareholders, it's real leverage to convince content providers to sign on.If it can do the same with the subscription-based Apple News and Apple streaming video service, AAPL should be well on its way to a Services future. Watch for coverage of the Mar. 25 Apple event on InvestorPlace.As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 U.S. Stocks That Are Coming to Life Again * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 5 Tips to Become a Better Stock Trader Compare Brokers The post Is Apple Set to Unveil New TV Service and a€œNetflix for Newsa€ in March? appeared first on InvestorPlace.

  • Snap, LEGO Launch Augmented Reality Retail Clothing Store
    Zacks3 days ago

    Snap, LEGO Launch Augmented Reality Retail Clothing Store

    Snap (SNAP) collaborates with LEGO to launch an AR retail clothing store in London for a day, bolstering its e-commerce strategy in process.

  • How Fox’s Assets Will Boost Disney’s Portfolio
    Market Realist3 days ago

    How Fox’s Assets Will Boost Disney’s Portfolio

    Disney Update: Q1 Results, ESPN+, Disney+, Hulu, and the Fox Deal(Continued from Prior Part)Disney-Fox acquisitionThe Walt Disney Company (DIS) is set to close on a $71.3 billion deal to acquire the media and entertainment assets of 21st Century Fox