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Warner Bros. Stock Hits Lowest Price Since Paramount Deal: Merger Odds Around 50%
Barrons.com16d agoneutral
Warner Bros. Stock Hits Lowest Price Since Paramount Deal: Merger Odds Around 50%

Warner Bros. Discovery stock Monday hit its lowest point since the company’s merger with Paramount Skydance was reached in February as Wall Street appears to be putting little more than a 50% chance that the deal will get done. Warner Bros. stock dropped 1.8% Monday to $25.28, ending about 18% below the $31-a-share cash offer from Paramount, whose stock also declined Monday. Warner Bros. stock had been trading around $27 in June.

JAKKS Pacific Q2 Earnings Call Highlights
MarketBeat20d agoneutral
JAKKS Pacific Q2 Earnings Call Highlights

JAKKS Pacific (NASDAQ:JAKK) reported second-quarter results that Chairman and Chief Executive Officer Stephen Berman said were “modestly better” than the company’s expectations, with revenue rising from a year earlier as North American sales rebounded from tariff-related disruption in the prior-year

Comcast's Peacock records first ever profit on World Cup, 'Love Island USA' boost
Reuters21d agoneutral
Comcast's Peacock records first ever profit on World Cup, 'Love Island USA' boost

Comcast's Peacock streaming service reported its first quarterly profit ever on Thursday, as the soccer World Cup and the hit reality ‌show "Love Island USA" attracted more subscribers. Shares of the company were up 3% ‌in premarket trading. The $189 million pre-tax profit marks a major win for the streaming service, which was a ​late entrant in 2020 and had to spend billions of dollars on content to establish a foothold in a market dominated by Netflix, Disney+ and Amazon Prime Video.

Kraft Heinz Strikes Deal With Disney to Supply Resorts and Tap Characters
The Wall Street Journal23d agoneutral
Kraft Heinz Strikes Deal With Disney to Supply Resorts and Tap Characters

Mickey Mouse, meet Kraft Mac & Cheese. Kraft Heinz and Disney struck a deal that gives the food conglomerate a foothold in one of America’s most enduring entertainment empires. Under the multiyear partnership, Disney will serve Kraft Heinz products at its properties throughout North America, and Kraft Heinz will be able to use Disney’s characters on some goods in stores.

Bloomberg23d agoneutral
Paramount-Warner Deal at Risk of Delays That Would Cost Billions

(Bloomberg) -- Paramount Skydance Corp. was on the brink of closing its blockbuster $110 billion takeover of Warner Bros. Discovery Inc. Now the companies are facing a legal hurdle that risks putting the deal on hold for months at a cost that could quickly climb to billions of dollars. Most Read from BloombergSaudi-Led Coalition in Yemen Vows to Protect Ships From HouthisUS Strikes Iran in Escalating Campaign After Troops KilledIran Says Mediators Stepping In After Days of US ClashesMoonshot’s K

Disney streaming margins and parks business in focus ahead of earnings
Proactive23d agoneutral
Disney streaming margins and parks business in focus ahead of earnings

Walt Disney Co (NYSE:DIS, XETRA:WDP) is scheduled to report fiscal third quarter results on August 5, with UBS analysts expecting accelerating earnings growth as first-half headwinds ease and forecasting the company will maintain its fiscal 2026 guidance. UBS expects Disney to report fiscal...

Bloomberg27d agoneutral
Circle Gets Street-Low Target as Stablecoin Competition Heats Up

(Bloomberg) -- Circle Internet Group Inc. shares have lost more than three-quarters of their value from the highs seen just after their initial public offering last year and as more stablecoins come to market, one analyst is warning it could get worse.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthCIA Says AI Drones Give Russian T

Universal Studios gives up on controversial ride
TheStreet27d agoneutral
Universal Studios gives up on controversial ride

When Universal Studios or Walt Disney bases a ride on popular intellectual property, they run the risk of not meeting the expectations of that property's hardcore fanbase. That's something Disney largely escaped with its Star Wars: Galaxy Edge lands. The company intentionally created a new setting ...

Disney (DIS) Stock Looks Cheap On Earnings And Cash Flow
Simply Wall St.34d agoneutral
Disney (DIS) Stock Looks Cheap On Earnings And Cash Flow

Walt Disney stock has had a tough run over the past few years, yet both the Discounted Cash Flow (DCF) intrinsic value estimate and the market multiple checks currently point to the shares trading at a discount to those fundamentals. Walt Disney shareholders have seen the stock decline 46.1% over the past 5 years, which sets expectations low even as current valuation tools suggest more value in the business than the share price reflects. Heavy capital spending on parks and streaming can...

FuboTV names Disney's Bowen CEO, removes veteran Gandler
Reuters34d agoneutral
FuboTV names Disney's Bowen CEO, removes veteran Gandler

Streaming firm FuboTV on Thursday named Disney executive Alisa Bowen as CEO ‌effective July 10, while removing company veteran David ‌Gandler as top boss. Bowen, 53, joins FuboTV from Walt Disney, ​where she served as president of the media giant's streaming platform Disney+ since September 2022. Her career also includes leadership positions at News Corp Australia, Dow Jones ‌and Thomson Reuters.

Netflix Is Exploring Live TV and Bundles as It Struggles to Keep Viewers Hooked
The Wall Street Journal34d agoneutral
Netflix Is Exploring Live TV and Bundles as It Struggles to Keep Viewers Hooked

Top Netflix executives who gathered for its annual business review this spring had a lot to be cheerful about. At the time, it was a small part of a conversation about the company’s goals, but it has since become a frequent topic of discussion at meetings, people familiar with the matter said. Engagement, which measures how long people spend watching content and how frequently they finish a movie or series, is the holy grail in modern Hollywood.

Netflix joins Disney and YouTube in chasing World Cup
TheStreet34d agoneutral
Netflix joins Disney and YouTube in chasing World Cup

Live sports are the last thing on American television that everyone still watches at the same moment. Scripted hits get binged alone. Award shows shed viewers every year. But when the national team plays a knockout match in July, tens of millions of people show up at once, and advertisers pay ...

Disney World closing one of Epcot's most iconic restaurants
TheStreet37d agoneutral
Disney World closing one of Epcot's most iconic restaurants

Walt Disney World visitors planning a trip to Epcot later this year will soon lose access to one of the park's most iconic dining experiences. The restaurant is unlike any other at Disney World, allowing guests to dine beside a massive living coral reef aquarium through floor-to-ceiling windows ...

ITV and Sky reshape British TV landscape with $2.1 billion deal
Reuters38d agoneutral
ITV and Sky reshape British TV landscape with $2.1 billion deal

Comcast's Sky has agreed to buy the broadcast channels and streaming service of Britain's ITV for £1.6 billion ($2.13 billion), creating a British champion with the scale to compete with global players like Netflix, Amazon ‌and Disney. Sky CEO Dana Strong said the deal, announced on Monday and confirming a recent Reuters story, was a "defining moment", ‌one of the biggest in the history of British broadcasting. The combination of Britain's biggest free-to-air commercial broadcaster and the pay-TV ​company Sky would have been unthinkable just a few years ago, but the rise of YouTube and the streaming giants, has left traditional companies exposed.