FuboTV Lawsuit Against Media Giants
FuboTV has filed a lawsuit in a New York federal court against media giants Walt Disney, Fox, and Warner Bros. Discovery. The lawsuit alleges that these companies have been obstructing…
Disney’s Urgency to Tackle Streaming Profitability
Disney has recently set a critical goal to improve its stock performance. The company is now acting with a strong sense of urgency to address this goal, particularly in its…
The Disney-Spectrum Feud: A Sign of Cable’s Vulnerability
The media industry is facing yet another disruption this summer, as a carriage dispute between Walt Disney Co. and Charter Communications Inc. intensifies. This conflict has caused ESPN to go…
Disney Stock Falls 5% as Q2 2022 Earnings Come Lower, Subscribers Grow
(Walt Disney) Shares of Walt Disney fell more than 5% in premarket on Thursday after reporting earnings per share of $0.26 in the second quarter of 2022. The earnings were…
Disney CEO Sends Stock Tumbling on Lower Q4 Subscriber Growth Projection
(CNBC) Disney shares closed down 4.1% on Tuesday after CEO Bob Chapek said the company will add “low single-digit millions” of subscribers in the fourth quarter. Chapek expects the fresh…
Walt Disney Posts a 45% Surge in Revenues in Q3 on Reopening of Parks and Resorts
(Walt Disney) Walt Disney’s revenue in the third quarter was $17.022 billion, up 45% from the comparable quarter of 2020. The sales were boosted by the economic reopening that saw…
Disney Pulls Out Stops for Streaming Services with Disney+ Announcements, Hikes Price
Disney, on Thursday, made impressive Disney+ announcements with over 100 movies and shows connected to franchises like Star Wars, Marvel, FX, and National Geographic, reports CNBC. The company also plans…