|Bid||600.21 x 1800|
|Ask||602.00 x 2900|
|Day's Range||594.00 - 625.50|
|52 Week Range||478.54 - 700.99|
|Beta (5Y Monthly)||0.81|
|PE Ratio (TTM)||54.29|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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If the entertainment powerhouse wants to boost its subscriber base significantly, it will need to spend big -- and not just on the same types of content that got Disney+ this far.
Netflix Inc. has lost an appeal of a ruling from 2019 that ordered the company to stop poaching executives from Disney’s Fox unit. A California appeals court on Thursday upheld an injunction that prevented Netflix from hiring away employees under contract at Fox, according to the Hollywood Reporter. Fox and Netflix have been engaged in a legal battle since 2016 when Fox sued Netflix (Nasdaq: NFLX) for hiring away two of its executives — executive Tara Flynn and marketing executive Marcos Waltenberg — double their salaries.
René Rechtman, CEO and co-founder of Moonbug Entertainment, was gearing up to launch an IPO for his 3-year-old digital kids’ content company. But earlier this year, two of his former Disney colleagues — Tom Staggs and Kevin Mayer — came calling with an offer he couldn’t refuse. The duo dangled $3 billion in cash and […]