Latest Walt Disney Co News
Rupert Murdoch's surprise exit from Fox leaves son Lachlan in line of succession at media empire
NEW YORK (AP) — Magnate Rupert Murdoch's surprise announcement Thursday that he's stepping down as leader of his two companies leaves his son Lachlan firmly in line of succession at Fox and the rest of the media empire. The 92-year-old Australian billionaire's creation of Fox News...
Disney pouring $60 billion into theme parks, cruises over the next 10 years
The Walt Disney Co. is planning to invest approximately $60 billion into its theme parks and cruise lines over the next decade, as the company looks to continue growing one of its more successful business segments. The company said in a regulatory filing on Tuesday that the planned...
Disney, Charter settle cable dispute hours before 'Monday Night Football' season opener
NEW YORK (AP) — If Aaron Rodgers has as much influence on the football field as he apparently had in ending a multibillion-dollar business dispute, the New York Jets will be very happy. The Walt Disney Co. and Charter Communications announced the resolution of their fight on...
Disney, Spectrum direct customers to other TV services as dispute keeping ESPN off air continues
NEW YORK (AP) — Both sides of a dispute that has left nearly 15 million cable TV subscribers without ESPN or other networks affiliated with The Walt Disney Co. are directing customers to other services where they can watch television. The offers speak to the unusual nature of the...
Ahead of big sports weekend, dispute with Disney leaves millions of cable subscribers in the dark
A company representing nearly 15 million cable subscribers and The Walt Disney Co. blamed each other Friday for a dispute that has cut off Disney-owned stations to viewers on the eve of a big sports weekend for U.S. Open tennis and college football fans. The dispute between Disney...
Dell, Lululemon Athletica rise; Walgreens Boots Alliance, Olin fall, Friday, 9/1/2023
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Walgreens Boots Alliance Inc. (WBA), down $1.88 to $23.43. Rosalind Brewer is departing as CEO after less than three years at the helm of the drug store chain. Dell...
ESPN networks go dark on Charter Spectrum cable systems on busy night for sports
ESPN is among a number of Disney Entertainment channels that have gone dark on Charter Spectrum cable systems. The channels went off the air Thursday night due to a carriage dispute between the nation's second-largest cable TV provider — which is the major carrier in New York and...
Disney to boost prices for ad-free Disney+ and Hulu services and vows crackdown on password sharing
Walt Disney Co. CEO Bob Iger vowed to make its streaming services profitable via a planned October price hike on its ad-free Disney+ and Hulu plans and a crackdown on password sharing expected to extend through next year. The increases will raise the monthly cost of ad-free Disney+...
Disney: Fiscal Q3 Earnings Snapshot
BURBANK, Calif. (AP) — BURBANK, Calif. (AP) — The Walt Disney Co. (DIS) on Wednesday reported a loss of $460 million in its fiscal third quarter. The Burbank, California-based company said it had a loss of 25 cents per share. Earnings, adjusted for non-recurring costs, were $1.03...
ESPN strikes $1.5B deal to jump into sports betting with Penn Entertainment
You know ESPN the sports media giant. Now brace yourself for ESPN Bet, a rebranding of an existing sports-betting app owned by Penn Entertainment, which is paying $1.5 billion plus other considerations for exclusive rights to the ESPN name. The deal, announced Tuesday, could take...
