US stocks climbed on Wednesday as investors remained hopeful for a stimulus bill breakthrough. Treasury Secretary Steven Mnuchin said Tuesday that Democrats and the Trump administration hope to reach a deal by the end of the week. Fears of rising US-China tensions eased following reports that senior officials from both […]
Markets rebounded in May from March lows as investors looked to economic reopenings following lockdowns to contain the spread of coronavirus. Investors continued to pile into some of their favourite stocks, in sectors including technology, entertainment, and food. Here are the top five stocks traded on the social and investing […]
The massive popularity of Baby Yoda memes suggests DisneyPlus is performing well in childless households, Rosenblatt Securities said in a Wednesday note. A streaming video survey prompted the research firm to raise its first-quarter subscriber expectation for Disney Plus to 25 million from 21 million. The survey showed increased awareness […]
Rosenblatt Securities analyst Bernie McTernan said after Disney Plus reached north of 10 million sign-ups in its first few days that Disney’s five-year guidance for subscribers could be conservative. Disney said during its investor day in April that it expects Disney Plus to have between 60 million and 90 million […]
Shares of Disney spiked as much as 4.4% Wednesday after the company announced its streaming service has more than 10 million sign-ups since launching on Tuesday. The media conglomerate said Tuesday that Disney Plus was experiencing technical difficulties due to customer demand exceeding expectations. Disney’s stock has risen more than […]
Disney’s new streaming platform could help catapult the company’s stock price as much as 20% over the next year, according to Bank of America Merrill Lynch. The bank’s analysts boosted their five-year subscriber target for Disney Plus to 90 million, up from a previous estimate of 60 million. Bank of […]
Disney cautioned investors on its fourth-quarter earnings call that the Hong Kong protests could cost the company $US275 million in operating profit next year. The media conglomerate is projecting operating income will fall $US80 million at Hong Kong Disneyland during the first quarter of 2020 alone. The warning comes as […]
Disney’s fourth-quarter earnings report Thursday will land just five days before the company releases its highly anticipated streaming platform Disney Plus. Wall Street has been evaluating the media conglomerate’s billion-dollar effort to break into the direct-to-consumer video space much more closely in recent months. Investors and analysts will be looking […]
JPMorgan slashed its earnings forecast for Disney and warned that further cuts could come in the future. The firm lowered its fourth-quarter earnings-per-share estimate to $US0.95 from $US1.05, citing increased spending ahead of Disney’s streaming launch and the costly integration of Fox assets. The revision comes as Disney is preparing […]
Disney’s stock slumped yesterday after Apple announced its upcoming streaming service would cost just $US4.99, much lower than its future competitors. But if Disney can attract 10 million subscribers to Disney Plus by the end of the year, it could mark an “inflection point” for the stock, according to Credit […]
Shares of Disney,Netflix, and Roku fell on Tuesday after Apple announced its upcoming streaming service will cost $US4.99 (A$7.99) , a lower figure than previously expected – and one that undercuts rival prices. Apple also said customers who buy a Mac, iPhone, or Apple TV will receive a free year […]
Disney started its direct-to-consumer (DTC) efforts in April 2018, launching the ESPN+ streaming service. Disney said it also plans to launch another DTC service, Disney+, in late 2019, and that it would remove all its movies from Netflix this year. Disney’s Direct-to-Consumer & International business will take a bite out […]
Disney beat on both the top and bottom lines. Management said it will continue to invest big in its sports channel ESPN and the network’s new streaming service, ESPN+. With more tech giants such as Facebook and Amazon bidding for top-tier sports stream rights, Disney’s problem will occur in a […]
Disney is set to report third-quarter earnings after the closing bell Tuesday. Millennial investors were snapping up shares ahead of the release, with 65,000 investors on Robinhood holding the stock. Investors will be looking for details about its proposed $US71 billion buyout of 21st Century Fox. Follow Disney’s stock price […]
Comcast is jumping after saying it’s not pursuing 21st Century Fox assets. Instead, it will focus on winning another bidding between itself, Disney, and Fox, for British broadcaster Sky TV. Watch Comcast trade in real time here. Comcast shares are jumping as much as 3% to more than $US35 apiece […]
It’s starting to look more likely Comcast will come back to the negotiating table over 21st Century Fox assets, RBC Capital Markets analyst Steven Cahall told Business Insider. Disney and Comcast are willing to pay a steep premium for 21st Century Fox’s “hugely strategic” assets. Comcast has the balance sheet […]
The bidding war between Disney and Comcast over 21st Century Fox assets could have some juice left in it, according to Jefferies analyst John Janedis. Disney and 21st Century Fox agreed to a $US71.3 billion deal Wednesday morning. The deal is reportedly close to receiving regulatory approval. Still, another Comcast […]
