112.00 -0.39 (-0.35%)
After hours: 5:37PM EDT
|Bid||111.75 x 4000|
|Ask||112.28 x 900|
|Day's Range||112.00 - 113.00|
|52 Week Range||96.20 - 117.90|
|PE Ratio (TTM)||14.19|
|Earnings Date||Nov 7, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||1.68 (1.49%)|
|1y Target Est||119.34|
Zynga Inc. (znga) has signed a deal with Walt Disney Co. (dis) to develop and publish a new "Star Wars" mobile game, the company said late Tuesday. Disney stock was flat. The terms of the deal include an option for Zynga to produce another "Star Wars" title and assume the operation of the live service of "Star Wars: Commander," a free-to-play game launched in 2014.
Walt Disney Co. has discussed reorganizing its news operations under the leadership of Ben Sherwood, its most senior television executive and the former head of its news division, according to people familiar with the matter. Sherwood, who currently runs ABC, Freeform and Disney Channel, would become the head of worldwide news and nonfiction content at the company under one scenario that’s been discussed, said the people, who asked not to be identified because the talks are private. Disney hasn’t made any decisions yet, and the outcome may depend on the success of its bid for U.K broadcaster Sky Plc, which operates a large news division.
Company announced late last month it will eliminate single-use plastic straws and plastic stirrers at all owned and operated locations across the globe. Disney introduced the ban in response to concerns over the amount of waste plastic being dumped in the world’s oceans. It’s a lofty statement, but I believe a more realistic assessment of the policy—and similar policies announced by other companies such as American Airlines and Starbucks Corp.—is that these enterprises are implementing low-cost, inconsequential measures to burnish their environmental credentials.
For several years between early 2015 and mid 2018, shares of entertainment giant Disney (NYSE:DIS) were stuck in neutral. The company was plagued by cord-cutting headwinds which depressed its biggest operating segment (Media Networks). From early June 2018 to early August 2018, Disney rallied from below $100 to above $115.
Disney (NYSE:DIS) disappointed Wall Street last week after posting third-quarter earnings of $1.87 per share, 8c shy of the consensus and the company’s first earnings miss since last fall. Is DIS stock finally ready to break out of its multi-year sideways pattern and hit new highs? Multi-year consolidation is a promising foundation for a breakout to new highs, especially since Wall Street has been recalibrating its expectations.
Can Hulu Satisfy Disney's Streaming Appetite? Streaming service provider Hulu, which is jointly owned by Walt Disney (DIS), Comcast (CMCSA), Twenty-First Century Fox (FOXA), and Time Warner (now known as WarnerMedia), has been steadily posting losses. In the second quarter of 2018, Hulu lost $357 million, which compares to a loss of $173 million in the year-ago quarter.
Netflix stock maintained that standing for a good part of the year, and at one point in early July, Netflix was up 120% year-to-date. Since peaking in early July, Netflix has dropped more than 20% in just over a month. Netflix has remained weak ever since thanks to deteriorating sentiment both at Netflix and across the board at all red-hot tech companies.
Can Hulu Satisfy Disney's Streaming Appetite? The Walt Disney Company (DIS) will have a 60% holding in Hulu, a streaming service provider, after it closes its acquisition of Twenty-First Century Fox (FOXA). Disney already holds a 30% stake in Hulu.
Burbank, California.-based Walt Disney Co. has operations around the country. It also owns ABC Television, ESPN Inc., Pixar, Marvel Studios and Lucasfilm Ltd., and is also in the process of buying 21st Century Fox’s entertainment assets. Here are recent stories on Disney reported by The Business Journals and other media.
Netflix (NFLX) has signed a new agreement with American television producer and writer Kenya Barris as the streaming giant consistently expands and diversifies its original content. Netflix has also struck similar deals with a list of TV-hitmakers, including Shonda Rhimes and Ryan Murphy.
Netflix (NFLX) stock has tanked nearly 25% since it announced its second-quarter 2018 results last month. The company missed analyst estimates on subscriber base, which is the most important metric for Netflix at this stage. Netflix added “just” 4.47 million subscribers internationally, while analysts were expecting 5.11 million additions.
The Walt Disney Company (DIS) is set to acquire the following: Twenty-First Century Fox’s (FOXA) film and television studios cable networks FX Networks and Fox Sports Regional Networks Fox Networks Group stakes in National Geographic Partners Indian satellite TV businesses such as Star network UK-based satellite TV group Sky other vital assets
Discovery (DISCA) is considering joining Walt Disney (DIS) in launching its own standalone direct-to-consumer streaming video service, its CEO, David Zaslav, hinted when he spoke at a recent industry event. In April, Disney launched a streaming service called ESPN Plus that’s aimed at sports fans. The company is also on track to launch another streaming service aimed at a broader audience next year to take on Netflix (NFLX).
Sky (SKYB.L) said on Monday that it expected to pay its advisers between 90 million pounds and 97 million pounds ($123.7 million) if Twenty-First Century Fox (FOXA.O) succeeds with its takeover of the British broadcaster. The UK pay-television group will spend as much as 61.5 million pounds on financial and broking advice and up to 20 million pounds on lawyers for their work on the Fox bid, according to a circular published by Sky. Other costs include fees for accountancy and public relations advice.
Dish Network (DISH) is still losing customers due to cord-cutting, as its latest quarter results showed. However, the company’s streaming service Sling TV is a bright spot in its second-quarter results. There are now more than 2.3 million Sling TV subscribers after the service gained 41,000 customers in the second quarter.
Mickey's Not-So-Scary Halloween Party is a sellout on its opening night at Disney World, and that's a good omen for others hosting themed events in the coming weeks.
As 21st Century Fox (FOX) nears the closing of its deal to sell most of its entertainment operations to Walt Disney (DIS), the shape of the remaining Fox is starting to emerge. During its fiscal fourth-quarter earnings call on August 9, Fox’s leadership hinted that live sports and news programming are expected to be the cornerstones of the slimmed-down Fox. Fox agreed to sell most of its entertainment assets, including the movie production business, to Disney for $71.3 billion.
Twitter (TWTR) is looking at ways to add more sports content to its video offerings, the company’s head of US content partnerships, Laura Froelich, said at a recent technology summit hosted by Bloomberg. Twitter is betting on an expanded sports offering to help it grow its video viewership by attracting more cord cutters. While the cord-cutting trend is robbing traditional media companies such as the Walt Disney Company (DIS) of pay-TV customers, the trend is expanding the market for Internet video providers such as Twitter and Amazon (AMZN).
In July, Comcast (CMCSA) withdrew from the race with Walt Disney (DIS) to acquire the majority of 21st Century Fox’s (FOX) operations. Comcast recently noted that it decided to pull back from pursuing Fox because it couldn’t justify the price it needed to pay to get a deal done. Comcast needed top Disney’s sweetened bid to keep Fox interested in a deal with it.
Disney today announced that ‘Mickey: The True Original Exhibition,’ an interactive art exhibit, will open in New York in honor of the 90th anniversary of Mickey Mouse. “As Walt said, ‘I only hope that we never lose sight of one thing—that it was all started by a mouse’,” said Bob Chapek, Chairman of Disney Parks, Experiences and Consumer Products.