Page 3 - Disney

Disney returns to profit in Q3 as streaming business starts making money

Disney returned to a profitable third quarter as its combined streaming business started making money for the first time and the movie Inside Out 2 did well in theatres. Operating income for the entertainment segment nearly tripled to USD 1.2 billion thanks to better performances from its direct-to-consumer and content sales/licensing and Other segments. The Walt Disney Co. said Wednesday that its direct-to-consumer business, which includes Disney+ and Hulu, reported a quarterly operating loss of USD 19 million, which was smaller than its loss of USD 505 million a year earlier. Revenue climbed 15 per cent to USD 5.81 billion. For the period ended June 29, Disney earned USD 2.62 billion, or USD 1.43 per share. A year earlier it lost USD 460 million, or 25 cents per share. Stripping out one-time gains, earnings were USD 1.39 per share, easily topping the USD 1.20 analysts polled by Zacks Investment Research expected. Revenue for the Burbank, California, company rose 4 per cent to US

Hotstar, JioCinema beat parent companies' TV businesses in valuation race

On February 28, RIL and Disney finalised a deal to merge Star India and Viacom18, resulting in a new entity valued at Rs 70,352 crore, which includes a Rs 11,500 crore capital infusion from RIL

Fox, Disney, Warner Bros's sports-streaming JV priced at $42.99 per month

The companies announced the service in February to woo younger viewers who are not tuned in to cable TV by bundling their broad portfolio of sports rights

CCI sends antitrust queries to Reliance, Disney for $8.5 bn merger: Report

The CCI has also asked the companies details on which entity owns which sports rights and for how long, as well as information on who had bid for them previously

Disney's Slack under attack: Hacktivists expose chat data on artist rights

Hacktivist group NullBulge accessed Disney's network through a compromised video game mod installed by a developer. Unlike typical hackers, the group appears to be uninterested in financial gains

The Devil Wears Prada to get a sequel after 18 years: All you need to know

Disney is working on a sequel to the 2006 hit movie 'The Devil Wear Prada' starring Meryl Streep, Anne Hathaway and Emily Blunt

OTT releases this week: Pill to Showtime, here are the top 5 releases

Many top series and movies are going to be released on different OTT platforms like Netflix, Zee5, and Disney+ Hotstar. Here are the top 5 releases of this week

Popular talk show Koffee with Karan set to return in 2025, Johar confirms

Karan Johar is returning with his popular talk show 'Koffee with Karan' in 2025. Season 8 of the show premiered on Disney+ Hotstar

In a first, Disney+ Hotstar launches 'pause ads' feature for CTV feed

Users pause content four to five times daily, with 90% of these pauses lasting less than 10 seconds; Disney+ Hotstar is the first platform in India to introduce the 'pause ads' feature

Disney, Florida Governor end feud with deal on 15-year expansion plan

Under the agreement with the Central Florida Tourism Oversight District, Disney said it would spend at least $8 billion at the resort over a decade with a total of $17 billion invested over 10-20 year

Billionaire Peltz's Trian sells entire Disney stake after board fight

Disney shareholders had last month backed CEO Bob Iger and other company directors after a multimillion-dollar, mud-slinging battle launched by Peltz and Blackwells Capital

Disney to sell 30% stake in Tata Play to Tata Group, valuing co at $1 bn

The transaction values Tata Play Ltd. at about $1 billion, the people said. Tata Group took full control of the TV platform after buying the 29.8% stake from Disney

Disney, Warner Bros to start streaming bundle of Disney+, Hulu and Max

Customers will be able to sign up on any of the three individual websites and chose from an ad-free or ad-supported plan. No prices were disclosed

Disney's surprise streaming entertainment profit offset by weaker TV biz

Revenue from traditional television business declined 8% to $2.77 billion and operating profit fell 22% from a year ago

'Hardest decision', says Ananya Birla as she quits music for business

Ananya Birla is the founder of microfinance company Svatantra Microfin and design house Ikai Asai; she is the elder daughter of Aditya Birla Group chairman Kumar Mangalam Birla

'Mufasa: The Lion King': Disney's Live-Action Prequel Movie Gets First Look

Disney amazed fans on Monday, April 29, with the arrival of the much-awaited mystery trailer for 'Mufasa: The Lion King,' the prequel to the 2019 remake of the classic animated movie

RIL-Disney propels Q1 M&A activity to nearly two-year high: Report

The USD 8.5 billion merger between Reliance and Disney helped the overall deal activity in the March quarter of 2024 reach a nearly two-year high, a report said on Tuesday. The overall number of transactions, including mergers and acquisitions and private equity investments, inched up to 427 from 422 in the quarter-ago period, but the values surged by 43 per cent to USD 20.416 billion, the report by the consultancy firm Grant Thornton Bharat said. This performance is the highest in deal activity since the June quarter of 2022, the report said. The March 2024 quarter witnessed a 36 per cent drop in the number of high-value deals of over USD 100 million from 28 to 18, while billion-dollar deals registered an uptick compared to the previous quarter. There were three billion dollar deals collectively valued at over USD 12 billion, that accounted for nearly 59 per cent of the total deal values in Q1 2024, it said. The overall deals included 120 merger and acquisition transactions, whil

Nelson Peltz loses board room fight at Disney; changes may still be ahead

For his own investors at Trian, Peltz is delivering what they care about most - returns

Hunt to find Disney CEO Bob Iger's successor kicks into high gear

The board has extended Iger's retirement date five times, continually deferring decisions about finding a replacement

Disney shareholders back CEO Robert Iger, rebuff activist shareholders

Disney shareholders rallied behind longtime CEO Robert Iger, voting Wednesday to rebuff activist investor Nelson Peltz and his ally, former Disney chief financial officer Jay Rasulo, who had sought seats on the company's board. The company had recommended a slate of directors that did not include Peltz or Rasulo. The dissident shareholders had said in a preliminary proxy filing that they wanted to complete a successful CEO succession at Disney and align management pay with performance. Disney announced in November 2022 that Bob Iger would come back to the company as its CEO to replace his hand-picked successor, Bob Chapek, whose two-year tenure had been marked by clashes, missteps and weakening financial performance. Iger was Disney's public face for 15 years as chief executive before handing the job off to Chapek in 2020, a stretch in which Iger compiled a string of victories lauded in the entertainment industry and by Disney fans. But his second run at the job has not won him ...