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Walt Disney tweaked Robert Iger’s compensation package, removing $13.5 million in potential salary and incentive awards available for the CEO after the company closes its acquisition of 21st Century Fox assets.
Read the memo Disney CEO Bob Iger sent to employees after closing the $71 billion Fox deal cnbc.com Disney CEO Bob Iger said there will be challenges ahead as the two companies integrate following the $71 billion deal’s close.
Many expect layoffs in the thousands to eliminate duplicate staff between Disney and Fox.
Disney stands to gain key content for its upcoming streaming service through the acquisition.
'Avengers: Endgame' has sold nearly twice as many advance tickets as 'Aquaman,' 'The Last Jedi,' 'Infinity War' and 'Captain Marvel' combined cnbc.com The strong advance ticket sales for the latest Marvel flick bodes well for Disney.
Disney draws second upgrade in two days as Wall Street eagerly awaits streaming service launch cnbc.com BMO Capital Markets upgrades Walt Disney Co. to outperform and tells clients to expect 20% upside over the next 12 months.
“When we upgraded Disney to Market Perform from underperform in April 2018, we noted a lack of catalysts: that is now changing,” Daniel Salmon tells clients.
Wall Street expects Disney to detail its hotly anticipated new streaming service, Disney+, at its investor day on Thursday.
Disney Prices New Streaming Service at $6.99 a Month
Disney+ is set to launch in November and offer subscribers ad-free viewing
By Updated April 11, 2019 8:54 p.m. ET
LOS ANGELES—Walt Disney Co.’s new streaming service, Disney+, will launch in November at a price of $6.99 a month, the company told investors Thursday, positioning the offering as an affordable addition to the streaming marketplace.
The linchpin of Disney’s streaming strategy, Disney+ will be an ad-free subscription service anchored by programming based on Disney’s biggest franchises, including “Star Wars” and Marvel Studios, as well as original programming. Its price—it will also be offered for an annual payment of $69.99—is...
Disney has a 'major advantage' as the streaming war heats up, says RBC's Mark Mahaney
Disney's back catalog gives it a leg up over incumbent competitors such as Netflix, which has to spend more to differentiate their service with original content, according to RBC Capital Market's Mark Mahaney. cnbc.com
I am thinking of moving this board to the home page with tech stocks, it gets more views and since they are now streaming I would consider it technology. Any objections before I move it? Or do you want to leave it where it is? Please advise.
There's a long article in Barron's dated yesterday.
Disney's Streaming Goals — Barrons.com
by Dow Jones & Company, Inc.
9:54 PM ET 04/12/2019
Walt Disney finally did it. After spending the bulk of the past four years stuck between about $100 and $120 a share, an 11.5% pop on Friday sent it smashing through the roof. Disney ( DIS ) finished the day at $130.04, its highest close ever.