DIS - The Walt Disney Company
Chart Events
Inside Bar (Bullish)
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 93.88 |
| Open | 97.26 |
| Bid | 0.00 x 800 |
| Ask | 99.91 x 1000 |
| Day's Range | 94.52 - 100.19 |
| 52 Week Range | 79.07 - 153.41 |
| Volume | 19,476,337 |
| Avg. Volume | 18,128,542 |
| Market Cap | 179.786B |
| Beta (5Y Monthly) | 1.10 |
| PE Ratio (TTM) | 16.76 |
| EPS (TTM) | 5.94 |
| Earnings Date | May 07, 2020 - May 12, 2020 |
| Forward Dividend & Yield | 1.76 (1.77%) |
| Ex-Dividend Date | Dec 12, 2019 |
| 1y Target Est | 137.54 |
Fair Value
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- Reuters
Roku launches ad-funded streaming channel in 'stay-at-home' Britain
Streaming-device maker Roku Inc launched its Roku Channel in Britain on Tuesday, offering free access to more than 10,000 movies, TV episodes and documentaries at a time when the coronavirus is driving demand for stay-at-home entertainment. The Roku Channel, which is available using a Roku streaming player, Roku TV or pay-TV company Sky's NOW TV device or Sky Q box, will show British series including "Homes Under the Hammer", "Ultimate Force" and "Skins" and Hollywood hits like "Get Carter", the company said. Rob Holmes, vice president of programming, said there was an opportunity to supplement subscription video-on-demand services like Netflix and Disney+ with a free offer.
- Benzinga
2 Pros On Disney's Stock: 'Dip Your Toes' And 'Take Your Time'
If Walt Disney Co (NYSE: DIS) was a pure theme park company, there would be a reason for "massive concerns." But this isn't the case, Michael Bapis, managing director at Vios Advisors at Rockefeller Capital Management said last Friday on a CNBC "Trading Nation" segment.Disney's Diversified Business Disney's business has evolved over the past five to seven years to the point where it's now heavily diversified, Bapis said. Most recently, the launch of the Disney+ streaming platform gives the company a new direct to consumer business and media distribution strategy.The company's theme parks unit "will hurt" in the near-term due to the coronavirus (COVID-19) pandemic and some level for pain could linger on for up to two years, he said. But in the interim, the streaming business offers a form of offset to lost revenue."It's just a product of the environment, it's a product of the markets that are just a 'sell everything' type of a market," Bapis said. "I do believe you could dip your toe into owning Disney now and you know, 12, 18, 24 months, it's definitely going to be higher."See Also: 7 Media And Entertainment Stocks To Buy, Sell And HoldBuy Disney's Stock Near $90? Investors should be aware that a stock like Disney will rebound before its business fully returns to normal, Miller Tabak equity strategist Matt Maley also said on "Trading Nation." In fact, stocks "always bounce" way before the company's fundamentals go back to normal.The $90 level coincides with a level of resistance seen over the past few years. But investors should "take your time" in buying near $90 per share and avoid jumping in "with both feet.""You're going to get some great prices here and one to two to three years, you're going to look really, really good in this stock," he said.Disney's stock traded higher by 4.5% around $98 per share at time of publication.Latest Ratings for DIS DateFirmActionFromTo Apr 2020Atlantic EquitiesUpgradesNeutralOverweight Apr 2020Guggenheim SecuritiesDowngradesBuyNeutral Apr 2020Imperial CapitalMaintainsIn-Line View More Analyst Ratings for DIS View the Latest Analyst Ratings See more from Benzinga * Disney's Bob Iger Addresses The Coronavirus: We Are 'Incredibly Resilient' * Beyond Meat Vs. Impossible Foods: Product Offerings And Pricing * Cramer On Buying Disney's Stock Right Now: 'Makes Sense To Me'(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
ReutersQuibi tests market for quick-hit videos with A-list stars
LeBron James, Liam Hemsworth and other celebrities starred in a new type of quick-hit entertainment that debuted on Monday to a changing media market as Americans sheltered at home to help fight the coronavirus. A new service called Quibi is a gamble by Hollywood that it can carve out another category in the crowded streaming video landscape. After more than two years of work, the company considered postponing Quibi's launch as authorities urged people to stay indoors to prevent spread of the coronavirus.
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- American City Business Journals
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- Bloomberg
It’s a Quibi! Quirky Streaming Service for Smartphones Is Born Into Quarantining Nation
(Bloomberg) -- After a long stint embedded in his home office, Jeffrey Katzenberg felt almost ready to take a break. He was looking forward, he said on a Zoom call in late March, to watching more of “Tiger King,” the wacko documentary series from Netflix about big-cat trainers behaving badly, which was currently captivating large numbers of homebound viewers. A few years ago, Katzenberg said, he’d come across Joe Exotic, the incarcerated zookeeper at the center of the Florida-noir series, and had considered making a show about him. But it never came to pass, and now he was in the same boat as everybody else, stuck at home, watching the hit program on Netflix. The special powers of exotic animals seemed to be lingering on his mind. The press could hound him all they wanted but he didn’t scare easily, he explained. He leaned forward, took a pinch of his arm, and held it up to his computer’s camera. “This is rhino skin,” said Katzenberg. In the days ahead, he will certainly need all the big rhino energy he can muster. On Monday, Katzenberg and his business partner Meg Whitman, the former chief executive officer of EBay, are overseeing the much-anticipated launch of Quibi, a short-form mobile video service that arrives into a crowded field of fierce competitors who are digging in for a long, bloody battle. Quibi, which will eventually cost $5 a month with ads, or $8 without them, will roll out 175 shows this year. The kaleidoscopic slate of programming is a mix of comedic series, dramas, reality shows, and topical news programs — all of it serialized into brief episodes. The idea is to reach out and grab users’ attention for a few minutes at a time whenever they’re idly staring down at their phones. In one cooking competition, food is blasted out of a cannon onto participants’ faces. In another show, a sex therapist talks about how to date during a pandemic.While Quibi can sometimes sounds like a film school fever dream, it’s one of the more ambitious projects to emerge in recent years from the crossroads of Hollywood and Silicon Valley. To date, the company has collected about $2 billion worth of investment, much of it coming from major media companies. It has written checks to some of the biggest celebrities in the world. Steven Spielberg and Bill Murray are contributors. “The first thing you have to understand is, if you are a storyteller and you work in Hollywood — movies, television, animation, I don’t care, any part of it — you are an entrepreneur,” said Katzenberg. “And that entrepreneurial spirit hasn’t been tapped in a while.”Despite Katzenberg’s impressive track record in the entertainment business, plenty of competitors, critics and industry analysts are betting on Quibi to lose. “Our reaction out of the gate was: ‘I think this is gonna be pretty tough,’” said Stephen Beck, founder and managing partner of management consulting firm CG42. “Free short-form video on your mobile phone already exists, and you can get a lot of it by relatively big-name stars.” See, for example, YouTube. Katzenberg said he has found some of the more pointed criticism of the yet-to-launch service downright amusing. In February, the New York Times published a lengthy essay by writer Dan Brooks entitled “What’s a Quibi? A Way to Amuse Yourself Until You’re Dead,” which argued that the service cynically aimed to exploit consumers’ already unhealthy addictions to smartphones. Katzenberg said that after reading the piece, he reached out to its author and set the guy up with a phone loaded with Quibi content. That’s Rhino Skin, buddy. (Brooks said in an email the shows he saw were “uneven.”) “I asked my kids: ‘Are your friends watching stuff on their phones?’ They said: ‘Absolutely.’ So we wrote the script.”On Feb. 2, Quibi ran a Super Bowl ad in which a bunch of bank robbers wait for their getaway driver, who is distracted mid-heist by a Quibi show on his phone. Tagline: “Episodes in 10 Minutes or Less.” In the weeks that followed, Katzenberg and his colleagues were planning to advertise heavily during other major sports events, including March Madness. The campaign was supposed to culminate with a star-studded premiere party at 3Labs in Culver City, California. All of it was conceived to generate a ton of free press. Getting Quibi’s quirky-sounding name out as much as possible was important. Outside of the entertainment and media industries, few people knew what Quibi was. In a poll commissioned by the Hollywood Reporter and Morning Consult in March, 81% of adults said they’d heard little or nothing at all about Quibi. But before Quibi could promote itself to America’s legions of live-sports viewers, the pandemic hit and the entire sports industry ground to a halt. Quibi would have to turn elsewhere for introductions en masse. In mid-March, with businesses and schools shutting down around the country, Katzenberg, Whitman and the board discussed the possibility of delaying Quibi’s April 6 launch date. "We said, ‘OK, we can launch, but should we launch?’” Whitman told Bloomberg Television. “We’re not health-care professionals, we’re not first responders. But we thought what we do is inform, entertain and inspire. So we thought we could bring a little joy and light and levity to people’s challenges right now. So we decided to go."Rather than postponing, they tweaked the rollout. They decided to give away the service for free for the first 90 days, a way of appealing to cash-strapped viewers suddenly grappling with a dire economic situation. Quibi also shifted the focus of its advertising blitz away from live TV events and onto social media.Katzenberg and his colleagues have since rolled out a campaign in which the company is paying its series’ stars like Chrissy Teigen to hype Quibi on Twitter, Instagram and TikTok. Meanwhile, many contributors in Hollywood are watching the launch with curiosity. Peter and Bobby Farrelly, the fraternal screenwriters known for comedies like “Dumb and Dumber” and “There’s Something About Mary,” have a Quibi show in the works, entitled “The Now,” starring Dave Franco and Bill Murray, which will premier in May. In separate phone interviews, the Farrelly Brothers said it was a little weird to make a film that needed a cliffhanger every 10 minutes, but ultimately that it was “a fun experiment.”“I rarely watch things on my phone, certainly not television,” said Peter Farrelly. “So I asked my kids: ‘Are your friends watching stuff on their phones?’ They said: ‘Absolutely.’ So we wrote the script.”While the new service may feel experimental, Katzenberg is quick to point out that Quibi has plenty of historical precedents. He cites Charles Dickens as a producer of Quibi-like narratives, as well as Dan Brown, the author of “The DaVinci Code.” Both writers, Katzenberg said, were masters of feeding audiences long stories in installments. For readers lacking time or self-discipline, that meant they could consume a sprawling, complex tale in brief increments over weeks or months without losing the plot. Quibi’s kickoff comes not long after the debut of Disney+, the robust streaming service that arrived in the U.S. in November and quickly attracted more than 28 million subscribers. Disney can be a tough act to follow. Katzenberg should know. During the ’80s and early ’90s, he oversaw a major revival of Disney’s animation division. While he may have missed out on “Tiger King,” back in 1994, he found an epic feline hit in “The Lion King,” which went on to gross hundreds of millions of dollars at the box office for Disney and has since spawned an impressive litter of spinoff movies and shows. These days, “The Lion King” franchise is still hard at work, attracting streaming subscribers to Disney+. “They got 100 years, the greatest brands ever known, the most amazing library ever, and ‘The Mandalorian,’” said Katzenberg, referring to a popular Star Wars show.Quibi, by contrast, has got some interesting mobile viewing technology, a large batch of unproven programming and some great expectations. Katzenberg said that of the 50 shows that Quibi will offer people in the first two weeks, he expects eight to 10 to go viral. “Meaning, in the same way we’re laughing about ‘Tiger King,’” he said. “You’re hearing about it through a connection. We’re not allowed to be around one another, but we are all still connected.” For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- MarketWatch
‘Honestly, we don’t know what to expect’: Meg Whitman’s big-money streaming startup Quibi launches in a new world
Quibi, the mobile streaming service that has raised a staggering $1.75 billion, debuts Monday in the most unpredictable of circumstances. Most of the country sits at home, thirsting for any form of entertainment. But will they consume content designed for on-the-go viewing while commuting to work or waiting in line for coffee?
- Bloomberg
What Happens When Hollywood Shuts Down
(Bloomberg Opinion) -- Todd Garner was in Puerto Rico filming his latest comedy “Vacation Friends” — for 20th Century Studios and starring John Cena — when it started to become evident that the coronavirus was going to be a serious problem. While the U.S. government wasn’t quite yet relaying such severity, “I could see the anxiety on everybody’s faces” among the cast and crew, Garner recounted on a recent episode of his podcast. Questions arose that filmmakers haven’t had to confront before: Should so many people be working in such close quarters? Is it safe for makeup artists to be touching the actors’ faces? Two weeks into production, and with six weeks to go, they put the film on ice.It’s hardly the only movie that’s had to temporarily stop filming and send everyone home for an unknowable period of time. Indeed, “show business” is neither right now. Garner, who co-produced “Paul Blart: Mall Cop,” said he also had two TV series for Netflix Inc. that were already far along and had to cease production. Netflix’s “Stranger Things,” HBO’s “Succession,” ABC’s “Grey’s Anatomy,” AMC Networks Inc.’s “The Walking Dead,” Hulu’s “Handmaid’s Tale” and Apple Inc.’s “The Morning Show” are among other series with highly anticipated returning seasons that will be delayed by national stay-at-home orders. And it’s not just scripted shows. For example, it seems unlikely that the “Friends” reunion special can still be filmed in time for the arrival of HBO Max, a new streaming-TV service launching in May from AT&T Inc.’s WarnerMedia, which reportedly paid $425 million last year to snatch away from Netflix the streaming rights to the popular 1990s-early aughts sitcom.Movie theaters are closed and there aren’t any sports to watch. For an audience bored by the isolation on a good day, and entirely dispirited by it on the bad ones, it’s all the more devastating to not be able to look forward to our favorite shows.The Hollywood shutdown hit just as media giants like Comcast Corp. and Walt Disney Co. are getting their streaming products off the ground, each looking to spend billions of dollars on new content. Disney+ and Apple TV+ both launched in November, while Comcast’s NBCUniversal is introducing its Peacock service April 15. Quibi, a startup created by a pair of media and tech veterans that’s reportedly raised $1.75 billion in funding, launched Monday. With everyone home and glued to their TVs and devices, these companies will have a chance to attract more subscribers, while viewers gain more options for passing the time.Even so, none of these apps on its own may have enough to watch or offer sufficient variety for the average household. The most sought-after programs have been divvied up among the different services, which each charge their own monthly fees. Viewers might just grow tired with of any of these streaming apps when forced to spend so much extra time with one, potentially creating more volatile churn rates — the closely tracked measurement of customers canceling subscriptions. It’s a test for the streaming newbies and even Netflix that’s made all the more challenging if new content stops flowing in.New theatrical releases have gotten caught in the middle of this, too. For a big-budget film like “F9,” the latest installment of “The Fast and the Furious” franchise, bypassing hundreds of millions of dollars in box-office revenue isn’t really an option. That’s why Universal Pictures pushed back the release by almost a whole year to next April. But with “Trolls World Tour,” Universal decided to make the movie available to rent on-demand for $20 instead of just delaying its theatrical debut. Other studios are having to make similar decisions. It raises the question of how all these delayed movies will fit into exhibitors’ schedules once theaters do reopen. As movie-goers grow accustomed to being able to see first-run films at home, and as streaming services try to juice their subscriber bases, a potential outcome may be shorter theatrical windows and an industry that’s forever changed.The pain is also being felt by contractors and local businesses in Atlanta, which became the new U.S. hub for TV and film production in recent years. About 400 works were filmed, resulting in $2.9 billion invested in Georgia for the fiscal year ended June 2019, according to the state. “Film & Entertainment” is featured prominently on the Georgia Department of Economic Development website, but visit the “now filming” section and you’ll find a bare page that reads: “Production in Georgia has been largely suspended due to the Covid-19 outbreak.”Hollywood isn’t the only industry where workers’ safety has been suddenly put at odds with their livelihoods. Still, as housebound viewers devour more content than ever, new shows and movies aren’t getting made. That makes TV entertainment one area where the effects of the pandemic could be most striking for the everyday consumer.This column does not necessarily reflect the opinion of Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Zacks
Disney (DIS) Alters Movie Release Dates, Boosts Disney+ Suite
Disney (DIS) announces new slate of movie release dates and expands Disney+ content portfolio with Artemis Fowl.
- Bloomberg
Top Fund Manager Is ‘Hoovering Up’ Huge Amounts of Cheap Credit
(Bloomberg) -- At a time when the chaos in global markets seems unending, a top-rated fund is pivoting toward taking on more risk and loading up on corporate debt.Half of the Allianz Strategic Bond Fund is now in investment grade credit, a turnaround from most holdings being in government bonds in January. This shift away from highly defensive is based on the global economy rebounding toward the end of the year, according to Mike Riddell, who manages the $1.5 billion fund with Kacper Brzezniak. This would bode well for riskier assets such as corporate debt.“In the last few weeks we are buying a lot of very cheap assets at distressed prices, which shouldn’t be distressed at all,” said Riddell in a media webcast by Allianz Global Investors. “It is really a great opportunity to be picking up lots of very cheap assets, we have actually been hoovering up a huge amount of corporate bond issuance.”The fund has beaten 98% of its peers over the past three years. In March, a tumultuous period for markets, it also outperformed and returned 7.8%, according to Bloomberg data. The past month saw stocks, bonds and even havens such as gold crash as the rising death toll from the coronavirus shuttered nations and businesses.March was particularly brutal for companies globally, with many of them rushing for government bailouts. In all this uncertainty corporates are ramping up borrowing to build reserves, with worldwide debt sales surging past $200 billion in the past week.U.K.-based Riddell, now working from home with the City of London deserted, pointed to how some solid and highly-rated corporates are issuing debt at levels seen for single-B junk rated names back in January. His top holdings include debt from Walt Disney Co. and he also bought issues from United Parcel Service Inc., Coca-Cola Co. and McDonald’s Corp.“There is no way that higher rate single-A companies in the U.S. are going to be allowed to go bust because of what I think is a temporary crisis,” Riddell said.The past week has been a record one for global corporate debt issuance. In the U.S., the biggest sale came from Oracle Corp. with a $20 billion offering, while T-Mobile US Inc. raised $19 billion. In Europe, Anheuser-Busch InBev NV led the way with a 4.5 billion-euro ($4.9 billion) deal, which Riddell’s fund snapped up along with Nestle SA.Before the spread of the virus, effectively a fifth of the fund was instead shorting the credit market. Those bearish positions were closed in March after a sell-off in corporate bonds, making returns of 4%, with Riddell then able to use the fund’s liquidity to grab the new issues.Free Money“To give an idea of how much ‘free money’ was available for investors who came into the crisis liquidity rich, Disney, which is a very strong A-rated corporate, issued 30 year bonds yielding 2.85% more than U.S. Treasuries of a similar maturity,” Riddell said. “The position in Disney, which was 2% of the fund, has returned 30%.”Now, with the current deluge of monetary and fiscal stimulus expected to eventually trickle through to the economy and given the recent collapse in oil prices, Riddell sees a revival in consumption and corporate investment once the virus spread abates.“You can have a lot of things that are headwinds suddenly become tail winds in six to nine months from now,” he said. “My base case is that by the fourth quarter this year we could be having a very strong response from the global economy and we just have to get through this bad patch now.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Yahoo Finance
Disney an early streaming winner as Americans are stuck indoors amid coronavirus pandemic
At-home entertainment is seeing a dramatic surge amid the coronavirus pandemic, with streaming platforms like Disney+ (DIS) and Netflix (NFLX) benefitting.
- Barrons.com
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- InvestorPlace
Dow Jones Today: Ides of March Linger as Jobs Report Punishes Stocks
Equities slumped to finish the week as the Labor Department's March jobs report was far worse than expected, prompting speculation that next few monthly employment updates will be as bad or even worse because of the coronavirus pandemic.Source: Provided by Finviz * The S&P 500 sagged 1.51% * The Dow Jones Industrial Average dropped 1.69% * The Nasdaq Composite declined 1.53% * Managed care provider UnitedHealth (NYSE:UNH) was the Dow's worst-performing component today, shedding 4.55%.Getting back to the aforementioned jobs report, the Labor Department said 701,000 jobs were lost last month, well above economists' forecast of 100,000. That projection was probably on the light side given that the last week of March brought more than 3 million jobless claims and that the coronavirus has led to a hiring freeze across multiple industries.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhat can't be debated is that March 2020 was the first month of lost jobs on a net basis since 2010. The jobless rate increased to 4.4%. Adding to the pressure on equities today is the pricing in of more bad jobs reports to come. As was noted here yesterday, first-time jobless claims spiked to a record 6.6 million last week, setting the stage for potentially dour April employment update. * 7 Telecom Stocks That Are Worth a Close Look With jobs being one of the most economic reports in the U.S., 28 of 30 Dow stocks were lower in late trading. Bank BoondoggleIn late trading, JPMorgan Chase (NYSE:JPM) was tussling with UNH for worst-performing Dow stock. In the case of JPM, this appears to be a symptom of overall market weakness and reports that the bank, along with plenty of its rivals, would be unable to accept applications for the Small Business Administration's (SBA) stimulus loans. However, JPM said later in the day it is in fact taking those applications. Oil RetreatFoul jobs numbers have a tendency to weigh on oil prices. After leading the Dow yesterday, Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) gave back some of those gains today. Analysts are tepid on oil stocks in general, but some are pointing to Chevron's ability to protect its dividend as a positive sign."While the cuts don't completely close the post-dividend outspend, the clear commitment to protecting the balance sheet, and thus the dividend, in this environment should be rewarded and we continue to see Chevron as best positioned to weather this downturn," said Tudor Pickering Holt & Co. in a recent note to clients. 3M Mask Dilemma3M (NYSE:MMM) was supposed to be one of the beneficiaries of increased demand for medical supplies, including surgical masks, due to the coronavirus. However, the company ran afoul of the White House by exporting some of those needed products, earning Twitter rebuke from President Trump and a loss of more than 3% today."We hit 3M hard today after seeing what they were doing with their Masks," the president tweeted. "Big surprise to many in government as to what they were doing--will have a big price to pay!"To be fair, the company released a statement this morning highlighting the humanitarian implications of breaking export chains of medical masks to Canada and Mexico, as well as the potential for retaliation that could cause "the net number of respirators … available to the United States [to] actually decrease."To be fair, the Dow company has been increasing production to meet increased demand, but being hit with the Defense Production Act (DPA) is still a bad look. Disney DingedDisney (NYSE:DIS) continues its run of being one of the worst-performing Dow names as the stock dropped 3.19% on news that its furloughing some theme park workers and that the pandemic is forcing a reshuffle of its movie lineup. So if you're waiting on the next "Mulan" installment, you'll be waiting until July. Bottom Line on the Dow Jones TodayIf this week's volatility wasn't enough for investors, more turbulence could be coming as the big banks, including JPM, kick off first-quarter earnings season in earnest in a couple of weeks.For those focusing on next week, market direction will remain beholden coronavirus headlines, meaning the U.S. desperately needs to flatten the curve and do so soon.Todd Shriber has been an InvestorPlace contributor since 2014. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * This Stock Picker's Latest Video Just Went Viral * The 1 Stock All Retirees Must Own The post Dow Jones Today: Ides of March Linger as Jobs Report Punishes Stocks appeared first on InvestorPlace.
ReutersUS STOCKS-Wall Street falls as coronavirus shreds U.S. payrolls
Wall Street's main indexes fell more than 1.5% on Friday as the coronavirus abruptly ended a record U.S. job growth streak of 113 months, intensifying fears of a deep economic slowdown. The survey considered data only until mid-March, before widespread U.S. lockdowns put more people out of work. "Even as investors may be bracing for some grim economic reports over the next several weeks, we got a very sober reminder of what is to come by way of today’s jobs report," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.
- TheStreet.com
Disney Postpones Film Releases in Response to Coronavirus Outbreak
Disney is postponing the release dates for most of its upcoming films due to the disruption caused by the coronavirus pandemic, a media report says.
- TechCrunch
'Artemis Fowl' is skipping theaters for Disney+
With movie theaters largely closed due to the COVID-19 pandemic, Disney is pushing back its slate of upcoming films. The company announced today that the film will debut exclusively on Disney+, and that the release date will be revealed soon. NBCUniversal broke the theatrical window by releasing "The Hunt," "The Invisible Man" and "Emma" as streaming rentals while they were ostensibly still in theaters, and it will release "Trolls World Tour" digitally on April 10 — the same day as its official theatrical release.
- MarketWatch
Dow down 481 points on losses in UnitedHealth, American Express shares
DOW UPDATE Dragged down by losses for shares of UnitedHealth and American Express, the Dow Jones Industrial Average is slumping Friday afternoon. The Dow (DJIA) was most recently trading 481 points lower (-2.
- MarketWatch
HBO is streaming ‘The Sopranos’ and ‘The Wire’ for free during the coronavirus outbreak
HBO and AMC Networks are making hundreds of hours of programming available for free online to help people want to stay at home.
- American City Business Journals
Port Canaveral to furlough 20% of its workforce
Port Canaveral, the primary sea hub for Central Florida, will furlough 20% of its workforce due to the economic impact of the coronavirus pandemic. The port, which has roughly 250 employees, said 50 workers from its cruise operations and recreation business segments will be affected. “While Port Canaveral is open and operating, the current pandemic situation has had significant impact on our businesses,” said the port in a prepared statement.
- Reuters
Disney to release 'Mulan' in July as part of virus-related movie shuffle
Walt Disney Co will release the action epic "Mulan" in movie theaters in July and Marvel's "Black Widow" in November, the company said on Friday as it reshuffled a schedule disrupted by the global coronavirus outbreak. Among other changes, Disney postponed the release of a new "Indiana Jones" movie by one year to July 2022, the company said in a statement.
