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Disney exits A+E as media conglomerate Hearst gains full ownership in $1.2 billion deal
Reuters15h agoneutral
Disney exits A+E as media conglomerate Hearst gains full ownership in $1.2 billion deal

Privately held U.S. media conglomerate Hearst on Tuesday struck a deal to acquire ‌Disney's 50% stake in A+E Global Media for about $1.2 ‌billion in cash, giving it full ownership of the television and ​content business. Disney's exit from A+E follows the company's efforts to prioritize streaming and ESPN, even as it evaluates the role of some traditional linear TV assets amid declining cable ‌subscriptions. The transaction ⁠is expected to close in September.

Disney (DIS) Faces A Fresh Box Office Test As Spider Man Nears Endgame
Simply Wall St.21h agoneutral
Disney (DIS) Faces A Fresh Box Office Test As Spider Man Nears Endgame

'Spider-Man: Brand New Day' opened to a record-setting domestic box office weekend, marking a major moment in Hollywood. The film is on track for the second-biggest domestic opening in history, directly referencing the benchmark set by Disney’s 'Avengers: Endgame'. This performance has put fresh attention on premium superhero franchises and how they stack up against Disney’s past box office records. For Walt Disney, ticker NYSE:DIS, this headline comes at a time when the stock sits at...

Can NFLX Stock Compound Its Way Higher?
Trefis1d agoneutral
Can NFLX Stock Compound Its Way Higher?

While the market focuses on streaming wars, a different category is quietly inflecting inside the business. Monthly players for cloud games have increased 11x since last October. This adoption is already outpacing the company's earlier push into mobile games, suggesting a new engagement engine is taking hold.

Option Volatility And Earnings Report For Aug 3 - 7
Barchart2d agoneutral
Option Volatility And Earnings Report For Aug 3 - 7

It is another big week on the earnings front with a lots of big name companies reporting. This week could make or break the market. This week we have SpaceX, Advanced Micro Devices, Palantir Technologies, Sandisk, Uber Technologies, McDonald’s, Caterpillar, Merck & Company, Disney, Shopify and Arista Networks all reporting in what shapes as a busy and pivotal week for stocks.

‘Spider-Man: Brand New Day’ Delivers Huge Debut as Hollywood Chases Record Year
Barrons.com2d agoneutral
‘Spider-Man: Brand New Day’ Delivers Huge Debut as Hollywood Chases Record Year

Columbia Pictures’ Spider-Man: Brand New Day is on pace to notch the second-biggest opening weekend in domestic box office history, with the potential to overpower the top movie after final ticket sales are tallied Sunday night. Spider-Man: Brand New Day surpassed already lofty projections and is projected to rake in $355 million from 4,487 locations in the U.S. and Canada, an average of $79,117 a location, becoming only the second film in domestic box office history to open above $300 million. It easily leapt over Spider-Man: No Way Home, which opened with $260.1 million at the domestic box office in December 2021, and could overpower the all-time highest domestic opening, which was April 2019’s Walt Disney’s Avengers: Endgame, selling $357.1 million over its first three days.

Earnings, PMI and Other Key Things to Watch this Week
Barchart2d agoneutral
Earnings, PMI and Other Key Things to Watch this Week

Markets enter an earnings-dominated week with a huge concentration of corporate results spanning technology, industrials, healthcare, consumer discretionary, and entertainment sectors. This will provide a critical assessment of economic health and corporate fundamentals amid persistent uncertainty about technology sector valuations and AI infrastructure spending.

El Niño Hits the Panama Canal
Barrons.com4d agoneutral
El Niño Hits the Panama Canal

Two of the world’s most important shipping lanes have been gummed-up by the Iran War. The canal is poised to reduce its capacity because of the onset of El Niño, a weather pattern that can cause severe droughts and other extreme weather events in various parts of the world. The canal authority has warned clients that the chances of a severe El Niño system had risen to 81% from 25%.

Activist Investors Shift Back to Basics: ICR Global Head of Governance Gabriel Hasson, Live at NYSE
CorpGov.com4d agoneutral
Activist Investors Shift Back to Basics: ICR Global Head of Governance Gabriel Hasson, Live at NYSE

CorpGov hosted a fireside chat on July 28 from the floor of the New York Stock Exchange with Gabriel Hasson, Global Head of Governance, Shareholder and Activism Advisory, Managing Director at ICR. The in-person interview was joined by Editor-in-Chief John Jannarone and they discussed the back to fundamentals for corporate governance as shareholder activism reaches […] The post Activist Investors Shift Back to Basics: ICR Global Head of Governance Gabriel Hasson, Live at NYSE appeared first on Co

Disney Selling 50% A+E Stake To Hearst For More Than $1B
MediaPost4d agobearish
Disney Selling 50% A+E Stake To Hearst For More Than $1B

The midsized cable TV network group, including A&E Network, History Channel, Lifetime, Vice TV and others, would now be 100% owned by Hearst. The deal is expected to be finalized at the same time as Disney's quarterly earnings release on August 5.