Tag: Disney
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Disney Writes $8.61 billion Check to Comcast For Hulu Stake, But More is Coming
Comcast is $8.61 billion richer thanks to Walt Disney acquiring the cable giant’s 33% stake in the streaming service Hulu, but more is expected to come. The “check is cleared, it’s in the account,” said Comcast President Mike Cavanagh, who spoke at the UBS investor conference on Monday morning, as reported by Next TV. “We…
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Disney Under Siege As Major Disgruntled Investor Seeks More Control
Walt Disney has a shareholder fight on its hands. Activist investor Nelson Peltz, who runs Trian Fund Management, said on Thursday that he would make his case directly to shareholders for a seat on Disney’s board. This comes after Disney added new directors and promised to turn the struggling business around, but ultimately rejected his…
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Disney+ Just Added a Ton of Perks and Discounts for Subscribers Including Deals At Walmart+, D23, Walt Disney World, and More
Disney’s streaming service, Disney+, unveiled a treasure trove of special perks for its subscribers. The deal runs now through January 31, 2024 for viewers with an active subscription. “It’s our way of saying ‘thank you’ for being the best part of our story,” Disney said in a post on X, formerly Twitter. During the holiday…
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Disney CEO Bob Iger Says He’ll ‘Definitely’ Step Down in 2026, Also Weighed Selling Hulu to Comcast
Walt Disney CEO Bob Iger said on Wednesday that he would “definitely” step down in 2026 when his current contract runs out. The executive made the comments at the New York Times Dealbook Conference, which was covered by Reuters, CNBC, and other media outlets. Iger said that the succession process is “robust,” according to CNBC…
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Disney CEO Bob Iger Denies ABC, Cable Networks, and ESPN Are For Sale
Walt Disney CEO Bob Iger backtracked on his prior suggestion that some assets, whether it’s ESPN or its ABC network, might be for sale, saying that was “not the case.” “I did not think everyone would run with a story that everything is being sold, which is not the case,” Iger told Disney employees at…
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The Recap: Disney Shuts Networks Down, Bally Sports Drama Gets Messier, and More
It was a critical week for Bally Sports, which took one step forward and another back as the regional sports network drama continues. Disney, meanwhile, shut down some cable channels overseas that may have implications back home, and DISH Network ended a two month-long blackout by settling a dispute with Hearst. Amazon offered a little…
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Disney is Shutting Down All Cable Channels in Asia. U.S. Networks Could Be Next
Disney further paring down its international cable operations could signal big changes for its networks in the U.S. The media giant is set to pull the plug this year on its remaining linear TV channels in Southeast Asia, Hong Kong, Taiwan, and Korea. Just last month, Disney shut down cable operations in Vietnam, pulling The…
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Disney CEO Confirms Talks With Tech Companies to Partner on ESPN’s New Streaming Service
Walt Disney CEO Bob Iger said that he has been in talks with multiple companies on potentially partnering to bring ESPN to consumer directly as a streaming service. “As we prepare to take ESPN in a direct-to-consumer direction, we believe we have an opportunity to strengthen our hand,” Iger said on a Wednesday conference call…
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The Recap: Disney Spills Hulu-Disney+ and ESPN Plans, More Bally Sports Drama, and More
Earnings season trucks on, but Walt Disney took the spotlight based on just how much it spilled this week. We got updates on its efforts to integrate Disney+ and Hulu, as well as ESPN, and even its password-sharing crackdown plans. DISH likewise offered a lot of nuggets of info in its earnings. Bally Sports, meanwhile,…
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Disney Reportedly Is Looking at Selling Freeform, National Geographic, & More to A+E Networks
Ever since back in July 2023, in an interview with CNBC, Disney CEO Bob Iger left an option open to sell some of its TV assets, including ESPN, ABC, and more. Now we have a new report that Disney may have a buyer in mind for some of its networks, including Freeform and National Geographic.…