Dan Loeb ’s Third Point Management has earned annualized returns of 15.7% since its inception in 1995 through December 2016. In 2021, Third Point saw annual returns of 22.7%, as markets saw record highs. Over the course of the second quarter, Loeb purchased roughly 3.8 million shares of Ovintiv and 1 million shares of Walt Disney (NYSE: DIS ). While selling the firm''s stake in Intuit (NASDAQ: INTU ) and S&P Global (NYSE: SPGI ). See Also: 3 Retail REITs With The Highest Upside According To Analysts Discover two dividend stocks Loeb still holds through the volatility. Ovintiv Inc. (NYSE: OVV ) offers a dividend yield of 2.18% or … Full story available on Benzinga.com
In a bold move, the Walt Disney Company forced Charlie Ergen''s DISH Network and Sling TV to pull down the signals of all of its cable networks, including ESPN, ACC and SEC Network.
The streaming industry has become increasingly saturated and, at the same time, speculative over the past few years. A decade ago, Netflix was the only game in town. Now, other giants, along with their streaming initiatives like Amazon’s (NASDAQ: AMZN) Prime Video, Disney''s (NYSE: DIS) Disney+ platform, and AT&T’s (NYSE: T) HBO, are all striving to capture market share. What these platforms lack, though, are high-quality sports and educational content. That''s where fuboTV (NYSE: FUBO) and CuriosityStream (NASDAQ: CURI) come in, as they exclusively focus on each one of these two categories.
Wall Street put Walt Disney (DIS) and Microsoft (MSFT) under the microscope this week, two Club holdings we''re sticking with for the long run.
Walt Disney (DIS) has entered a support agreement with activist investor Daniel Loeb and his Third Point firm, and will add Facebook veteran Carolyn Everson to its board with…
BURBANK, Calif.--(BUSINESS WIRE)--The Walt Disney Company (NYSE: DIS) today announced that Carolyn Everson, a veteran media and technology executive, will join its Board of Directors, effective November 21. Ms. Everson, 50, a well-respected executive with deep experience in consumer-facing companies, will be included in the Company’s slate of director nominees in the proxy statement for Disney’s 2023 Annual Meeting of Shareholders. Ms. Everson’s selection follows a lengthy and comprehensive sea
"We''re Horrified": Major Brands Pull Twitter Ad Campaigns Over Child Porn When it comes to policing mean tweets - or any opinion to the right of Mao, Twitter''s army of pink-haired social justice censors is on it . But when it comes to pedophiles , the social media giant''s censorship is so lax that major advertisers - including Dyson, Mazda, Forbes and PBS Kids - have suspended their marketing campaigns or removed ads from ''parts of Twitter'' because their promotions were featured next to tweets soliciting child pornography , Reuters reports. DIRECTV and Thoughtworks also told Reuters late on Wednesday they have paused their advertising on Twitter. Brands ranging from Walt Disney Co, NBCUniversal and Coca-Cola Co to a children''s hospital were among more than 30 advertisers that appeared on the profile pages of Twitter accounts peddling links to the exploitative material, according to a Reuters review of accounts identified in new research about child sex abuse online from cybersecurity group Ghost Data. -Reuters Easily filtered keywords including "rape" and "teens" were featured alongside promoted tweets from corporate advertisers, a Reuters review found.
Walt Disney World (DIS) will start a "phased" reopening Friday, following a two-day shutdown to brace for the impact of Hurricane Ian
Walt Disney Co on Thursday named Alisa Bowen, who has led global business operations for the company’s streaming platforms, president of Disney+. (Reporting by Chavi Mehta in Bengaluru; Editing by Sriraj Kalluvila)
Some major advertisers including Dyson, Mazda and chemicals company Ecolab have suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions are appearing alongside tweets soliciting child pornography, the companies told Reuters. Ads for at least 30 brands, ranging from Walt Disney Co , Comcast Corp’s NBCUniversal and Coca-Cola Co. […]
Some major advertisers including Dyson, Mazda and chemicals company Ecolab have suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions are appearing alongside tweets soliciting child pornography, the companies told Reuters. Ads for at least 30 brands, ranging from Walt Disney Co , Comcast Corp’s NBCUniversal and Coca-Cola Co. […]
In this piece, we used TipRanks'' Comparison Tool to compare Disney and Cedar Fair to see where Wall Street analysts stand. Theme park plays are under considerable pressure amid mounting economic woes. That said, shares are oversold, with Disney (NYSE:DIS) and Cedar Fair (NYSE:FUN) stocks likely ready to move on from their more than 50% haircuts. With COVID-19 cases retreating rapidly and the end of the pandemic finally in grasp, the theme park powerhouses may finally have permission to rally higher. Still, lofty inflation and a looming recession have acted as another dreaded setback that could postpone the theme park boom to a later date.
Walt Disney Co will close its theme and water parks on Wednesday and Thursday as Hurricane Ian nears the coast of Florida, the company said on Tuesday.
The Magic Kingdom is shutting down in Florida for a few days. Walt Disney Co. on Tuesday announced it will shutter all four of its Orlando-based theme parks -- Animal Kingdom, Hollywood Studios, Epcot and Magic Kingdom -- on Wednesday and Thursday as Hurricane Ian bears down on the west coast of Florida. The company has canceled Star Wars: Galactic Starcruiser voyages set to depart Tuesday and Thursday, and Disney''s Typhoon Lagoon water park will halt operations Wednesday and Thursday. Blizzard Beach is already closed. The National Hurricane Center said the storm is careening toward Tampa and will likely pass over central Florida, where the Disney parks are located. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Walt Disney (DIS) and Universal (CMCSA) are closing Florida theme parks for two days ahead of the arrival of Hurricane Ian
In an apparent bid to expand into the Web3 space, entertainment giant Walt Disney Company DIS is seeking to hire an experienced corporate attorney to work toward developing technologies like non-fungible tokens (NFTs) and the metaverse. The company is seeking a ‘Principal Counsel – Corporate Transactions, Emerging Technologies & NFTs’ to work on transactions including NFTs, […] Walt Disney Forays Into Web3 Space, Seeks To Hire Lawyer With Experience In ‘Cutting-Edge Technologies’ – Walt Disney (NYSE:DIS)
An applicant has to have 5-8 years of experience to apply for the post, the job announcement read Read more
Since we first recommended Disney, the stock has been down some 32%, making the stock much more reasonably priced at the current levels. Read more here.
After Robert Sarver''s announcement that he is selling the Phoenix Suns and Mercury , an assortment of billionaire former CEOs have emerged as potential buyers. Amazon (NASDAQ: AMZN ) founder and former CEO Jeff Bezos could reportedly consider a bid, as might former Disney (NYSE: DIS ) CEO Bob Iger , former Oracle (NYSE: ORCL ) CEO Larry Ellison , and Laurene Jobs , widow of Apple (NASDAQ: AAPL ) co-founder and former CEO Steve Jobs. The market for NBA teams has … Full story available on Benzinga.com
The major players in the social media subscription market are Dollar Shave Club, Inc. , Blue Apron Holding Inc, Personalized Beauty Discovery Inc. (Ipsy), The Walt Disney Company, Hello Fresh, EdgeWell Personal Care (Harry`s), PetSmart Inc. The major players in the social media subscription market are Dollar Shave Club, Inc. , Blue Apron Holding Inc, Personalized Beauty Discovery Inc. (Ipsy), The Walt Disney Company, Hello Fresh, EdgeWell Personal Care (Harry`s), PetSmart Inc.
The Walt Disney Company (DIS)’s stock has witnessed a price declined of -1.85% from the previous close with its current price standing at $102.56. Its current price is -42.90% under its 52-week high of $179.63 and 13.67% more than its 52-week low of $90.23. Based on the past 30-day period, the stock price is -13.02% […]
Disney''s earnings have been depressed by a number of factors in recent years and its dividend has been paused. See why I will be continuing to hold DIS stock.
Disney’s public approval rating crashed from 77% to 33% in a year. Learn more about Strive''s questions and its action plan to DIS.
NEW YORK , Sept. 20, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for WYNN, AAPL, DIS, KO, and HSY. … Full story available on Benzinga.com
"The Environment Has Gotten Worse": TV & Film Industry Sputters As Cost Cutting And Layoffs Take Hold First it was the streaming studio shift that shook up Hollywood - companies like Netflix were beating out movie theaters and traditional studios publishing content that went direct to streaming. Now, Hollywood is getting shaken up again - this time, because layoffs are on their way. The struggling TV and film industry continues to run face first into bad news. This week it was reported that Warner Bros. Discovery was firing 100 TV ad salespeople at the same time that Paramount has considered ending offering Showtime as a standalone service, Bloomberg reported . Netflix followed suit with their own layoffs, the report says. The company has reportedly let go hundreds of employees and abandoned some of its office space. At the same time, the firm''s stock price has collapsed and fallen more than 60% from its all time highs. Walt Disney Co. Chief Executive Officer Bob Chapek said in a recent interview with Bloomberg: “The very foundation that the streaming business sits on has been devolving on sand.
As the market looks ahead to the Federal Open Market Committee meeting, discussions over the weekend centered around the Fed decision and its implication for growth and the financial markets. Here''s a recap of a few major headlines that hit the wire over the weekend: Black Swan Author Slams Fed, Bitcoin: Nassim Taleb renewed his Bitcoin (CRYPTO: BTC ) bashing and also criticized the Fed for maintaining interest rates at extremely accommodative levels. “Zero interest rate for a long period of time, you are hurting the economy, you are creating a bubble, creating tumors like Bitcoin, ” he said. He renewed his call for the apex crypto going as low as 0. Disney-Comcast Lock Horns Over Hulu: Streaming platform Hulu is majority owned by Walt Disney Company (NYSE: DIS ), while Comcast Corporation (NYSE: CMCSA ) holds a 33% stake in the platform. Both companies have a deal in place to transfer full ownership in … Full story available on Benzinga.com
With the world’s most powerful central bank committed to tackling soaring prices, it may be time for investors to consider specific stocks to buy for falling inflation. Here’s the reason why forward-looking market participants anticipate lower prices over the next several months. In late August, Federal Reserve Chair Jerome Powell delivered his policy speech at the annual economic symposium at Jackson Hole, Wyoming. In it, the central bank leader acknowledged that raising rates to tackle inflation would cause “some pain.” However, not doing anything would lead to bigger problems down the line. More recently, during a question-and-answer session hosted by the Cato Institute, Powell reaffirmed his commitment to controlling inflation. “I can assure you that my colleagues and I are strongly committed to this project and we will keep at it until the job is done ,” he declared. That’s a good sign as any that investors should consider stocks to buy for falling inflation. Still, this thesis is predicated on the Fed lowering prices while not spiraling the economy into a recession.
At the close on the New York Stock Exchange, the Dow Jones fell 0.45% to hit a monthly low, the S&P 500 index fell 0.72%, and the NASDAQ Composite index fell 0.90%. The leading performer among the components of the Dow Jones index today was Home Depot Inc, which gained 4.43 points (1.63%) to close at 275.97. Amgen Inc rose 3.48 points or 1.53% to close at 231.14. Johnson & Johnson rose 2.52 points or 1.53% to close at 167.60. The losers were Boeing Co shares, which fell 5.49 points or 3.67% to end the session at 144.29. Chevron Corp was up 2.60% or 4.17 points to close at 156.45, while Walt Disney Company was down 2.28% or 2.52 points to close at 108. 25. Leading gainers among the S&P 500 index components in today''s trading were Iron Mountain Incorporated, which rose 3.35% to hit 55.29, Newmont Goldcorp Corp, which gained 3.09% to close at 43.71, and also Dollar Tree Inc, which rose 2.89% to end the session at 141.92. The biggest losers were FedEx Corporation, which shed 21.40% to close at 161.02.
A leading streaming platform is owned by two competing media companies. With a deal in place to transfer ownership, leading to a future transaction, things could become heated as a battle now takes place over the value of the platform and what’s next. What Happened: Streaming platform Hulu is 67% owned by The Walt Disney Company (NYSE: DIS ) and 33% owned by Comcast Corporation (NASDAQ: CMCSA ), two competing media companies. Hulu was launched in 2007 as a partnership between several media companies as a platform to air past episodes of television series. While several media companies and private equity investors formerly owned a piece of the company, it was Disney’s buyout of 21st Century Fox in 2019 that gave the company majority control and ownership of the platform. Comcast has a deal in place to sell its Hulu stake to Disney as early as 2024 based on a fair market value. Under the terms of the deal, Hulu will be valued at a minimum valuation of $27.5 billion, which would make Comcast’s stake worth $9.08 billion.
Some people seem to believe that “the market” is all-knowing. But that’s far from the case. In fact, “the market” often greatly overestimates and underestimates companies. Because of the latter phenomenon, it’s quite possible to identify stocks under $2 that can, in a few years, rocket to $20 or even higher. If you’re looking for a recent example, consider Plug Power (NASDAQ: PLUG ). At the start of 2019, shares were trading for $1.24. In January 2021, the stock hit a high above $75 for a gain of nearly 6,000%. PLUG stock was propelled higher by a number of factors, including the increased interest in renewable fuels and the explosion of e-commerce during the pandemic. Or take Luckin Coffee (OTC: LKNCY ), which was trading for well under $2 in May 2020 and closed yesterday at $16.26. After the company’s accounting scandal, many left shares for dead. But with the help of some angel investors, forgiving regulators and the brand’s continued popularity in China, LKNCY stock made a huge comeback.
Walt Disney (NYSE: DIS ) has outperformed the market over the past 15 years by 1.57% on an annualized basis producing an average annual return of 7.93%. Currently, Walt Disney has a market capitalization of $196.67 billion. Buying $1000 In DIS: If … Full story available on Benzinga.com
Entertainment magnate Disney (NYSE:DIS) recently put on its D23 event, revealing upcoming dates and events on the Disney release calendar. However, several unexpected holes emerged and left fans scratching their heads. Most of Disney''s recent losses seem connected to the D23 event. The event revealed that the release of "Star Wars" spin-off movie “Rogue Squadron” had been removed from the slate altogether. Streaming releases of “Star Wars” properties are all still in play. One upcoming release will feature relative newcomer Ahsoka Tano. However, the confirmation that “Rogue Squadron” is out of the running left fans, and investors, clearly disappointed.
Part of WBD and Disney’s success comes from not going all-at-once with episodes and being able to create a period of collective viewing that draws out more conversations.
Though deeply embattled this year, at least one prominent voice on Wall Street believes streaming giant Netflix (NASDAQ: NFLX ) can make a comeback. Indeed, NFLX stock popped up 5% on Thursday morning, later gaining around 7% in the afternoon session. Sentiment increased as the company received an analyst upgrade and price target bump. Specifically, Evercore ISI Group analyst Mark Mahaney rated NFLX stock as “outperform.” Previously, Mahaney had the company rated as “in-line,” according to Benzinga . Further, the analyst raised the price target on NFLX to $300 from $245. Bolstering the refreshed optimistic take is new revenue opportunities from the company’s decision to include an advertisement-supported streaming tier. In part, the move reflects broader changes in the streaming industry. For instance, entertainment king Disney (NYSE: DIS ) announced it will launch an ad-supported tier on its Disney Plus platform. With competition intensifying between these two brands, Netflix can’t afford to lag.
Following are excerpts from the unofficial transcript of a CNBC exclusive interview with Walt Disney Co (NYSE:DIS) CEO Bob Chapek on CNBC’s “Squawk on the Street” (M-F, 9AM-11AM ET) today, Thursday, September 15th. Disney CEO Bob Chapek On Rising Operating Costs, Activist Investor Dan Loeb Disney CEO Bob Chapek: ESPN Will Not Be Your Father’s […]
Comcast (NASDAQ: CMCSA) is highly unlikely to sell off its minority stake in Hulu cheaply, the media giant''s CEO, Brian Roberts said at a conference on Wednesday. Roberts'' comments came after Disney''s (DIS) CEO, Bob Chapek''s comments that he would like to buy off Comcast''s minority stake, of around 33% in Hulu as quickly as possible. According to Reuters, the deal reached back in 2019 had looked at a minimum valuation of $27.5 billion for Hulu. The report stated that Chapek''s comments in an interview with Financial Times suggested that since viewers have grown increasingly indifferent about streaming, a more modest payout for Hulu was warranted.
Market legend Jeremy Grantham has just sounded the alarm that the market is in a super bubble, and it isn’t good news for bulls hoping for a turnaround. He says that several factors will lead to an ultimate bloodbath in both stock markets and housing prices, predictions that investors have met with much anticipation. The market is unpredictable, and it’s hard to know when stock prices will go up or down. However, if an expert investor makes a prediction, then you should definitely pay attention because their insights can help protect your investments from any potential harm. The world of finance has many ups and downs every day, but one thing is guaranteed in this environment: the need for preparedness! Whether buying land before prices skyrocket over time, creating emergency funds using savings accounts so they’re ready whenever life throws us curveballs or purchasing the right kind of stock to protect again a market downturn. If you want to put every foot right and ensure you are prepared in case of any economic downturn, here are seven stocks that need to be in your back pocket in case Jeremy’s prediction of the super bubble comes true.
What’s New In Activism – Third Point Backtracks On ESPN Third Point Partners’ Dan Loeb backtracked on his push for a spinoff of sports broadcaster ESPN after parent Walt Disney rejected the idea. Over the weekend, Walt Disney CEO Bob Chapek told several media outlets that he had confidence in ESPN’s value within the media […]
. Speaking at a panel discussion at the company''s global fan event D23 Expo here late Friday, Campbell said that Disney wants to serve its viewers in every market with locally produced stories that resonate with the audience. It will also take the very best of its global brands and IPs across the globe.
A whale with a lot of money to spend has taken a noticeably bullish stance on Walt Disney . Looking at options history for Walt Disney (NYSE: DIS ) we detected 39 strange trades. If we consider the specifics of each trade, it is accurate to state that 61% of the investors opened trades with bullish expectations and 38% with bearish. From the overall spotted trades, 11 are puts, for a total amount of $677,330 and 28, calls, for a total amount of $1,259,452. What''s The Price Target? Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting … Full story available on Benzinga.com
ESPN provides an important source of cash flow for The Walt Disney Co., fueling its investment in streaming. Click here to read our analysis of the DIS stock.
New and exciting details about Disney 100 Years of Wonder were revealed this past weekend to fans during D23 Expo 2022 presented by Visa. Disney100 will be the largest cross-company global celebration in the 100-year history of The Walt Disney Company, and it will officially kick-off during Dick Clark’s New Year’s Rockin’ Eve with Ryan Seacrest on ABC. “Ten decades of creativity, innovation,
NEW DELHI: A unit of Sony Group and India’s Zee Entertainment have proposed offering concessions such as pricing discounts to help ease concerns of the country’s antitrust regulator over their merger, which will create a $10-billion TV behemoth, two sources told Reuters. The concessions are a bid to iron out antitrust worries of the Competition Commission of India (CCI), which in an Aug. 3 notice warned the companies of further scrutiny, saying their “humongous market position” would allow them to enjoy “un-paralleled bargaining power” with 92 channels in India’s massive media and entertainment market. In particular, the CCI was concerned over how big an impact on competition the merged entity would have in terms of advertising and channel pricing, particularly in the popular Hindi language segment. Legal experts and former CCI officials said such scrutiny was set to delay the deal approval process. Last week, Sony-Zee submitted “voluntary remedies” to the deal in writing to assuage the watchdog’s concerns, though that did not include structural changes such as the sale of certain channels to reduce the threat of competition, said the two sources, who declined to be named due to confidentiality concerns.
Bloomberg Tesla, Nio Supplier CATL''s Chinese Rival Eyes $2B Hong Kong IPO Chinese battery maker CALB Co., a rival to companies like Contemporary Amperex Technology Co Ltd. (CATL) and Warren Buffett -backed BYD Co. (OTC: BYDDF ), has started gauging investor demand for its $2 billion Hong Kong initial public offering. The Jiangsu-based lithium battery maker will analyze the demand for its shares from September 12 to September 22, per terms of the deal obtained by Bloomberg. Wall Street Journal Deere Invests Billions In Self-Driving Tractors, Smart Crop Sprayers After conquering the farm industry hardware, Deere & Co (NYSE: DE ) aims to extend its dominance to software to boost the productivity of those machines and agriculture. Deere is rolling out self-driving tractors capable of plowing fields and sprayers that distinguish weeds from crops. Deere, which helped make satellite-guided tractors universal in the U.S. Farm Belt over the past two decades, invested billions of dollars in developing more innovative machines to boost farming productivity.
Major players in the mobile gaming market are Activision Blizzard Inc, CyberAgent Inc, Electronic Arts Inc, GungHo Online Entertainment Inc, Microsoft Corp, NetEase Inc, Niantic Inc, Tencent Holdings Ltd, The Walt Disney Co, Ubisoft Entertainment, Nintendo, MocoSpace, Nexon, Gamevil and DeNA Co Ltd. Major players in the mobile gaming market are Activision Blizzard Inc, CyberAgent Inc, Electronic Arts Inc, GungHo Online Entertainment Inc, Microsoft Corp, NetEase Inc, Niantic Inc, Tencent Holdings Ltd, The Walt Disney Co, Ubisoft Entertainment, Nintendo, MocoSpace, Nexon, Gamevil and DeNA Co Ltd.
Although the technology sector remains embattled heading into the fall, the red ink opens opportunities for the best tech stocks to buy in September. To be fair, the narrative for the innovation space presents significant challenges. Glaringly, the Nasdaq Composite shed 26.5% on a year-to-date basis heading into the first full week of September. In contrast, the benchmark S&P 500 dipped 18% during the same period. Neither indicator brings much joy to investors. However, to the battle-hardened speculator, the best tech stocks to buy bring a magnitude of excitement that’s rarely matched. Primarily, while these companies suffer from market headwinds, over time, their underlying businesses could become extraordinarily relevant. Moreover, investors seeking maximum growth potential likely won’t find it trading in relatively safe categories. While not every firm tied to innovation stands poised for robust returns, the economy incorporates more digitalization, not less. Therefore, if you have the patience and stomach for volatility, these may be the best tech stocks to buy in September.
The Indian market and the Star brand are very important to Walt Disney Co. from a linear as well as digital perspective, says Rebecca Campbell, chairman of international content and operations at Walt Disney Co.
Disney (DIS) CEO Bob Chapek is said to have rejected activist investor Third Point''s suggestion that the entertainment behemoth spin off sports network ESPN.Chapek he has been…
My love of the Walt Disney Company began at a young age and it still persists at 35 years old. I''ve been labeled a "Disney adult" for many years, but I don''t think it''s a bad thing. As an adult, I am learning to turn those labels into positive aspects of my character. As someone who has been labeled many things over the years, being a "Disney adult" is not one I''m not ashamed of. "Disney adult" is a name used (often negatively) to describe grown-up fans of the company. We older fans have seen our fair share of animosity and scrutiny over the years, often being called "weird" or too old to love Disney. But why? Being passionate about something is part of the human experience. At 35 years old, the thing I''m passionate about just happens to be Disney. My love of Disney began as a child My father''s military service gave me the opportunity to see the world, and one of my first childhood memories revolves around the Walt Disney Company. Growing up, I consumed a lot of Disney''s animated content — "The Little Mermaid" is still my favorite movie — but when I was around 6 years old, I had my first experience with its theme parks.
The Walt Disney Company (DIS)’s stock is trading at $114.98 at the moment marking a rise of 2.36% from the last session close. As of this writing, shares are priced at -38.70% less than their 52-week high of $187.58, and 27.43% over their 52-week low of $90.23. Based on the past 30-day period, the stock […]