Media
We’re fed up after Disney’s terrible quarter and streaming losses. It’s time for some big changes
Disney (DIS) reported weaker-than-expected fiscal fourth-quarter results after the closing bell Tuesday. We are shocked and stunned by the poor performance, and we’re certainly not alone. The stock fell roughly 7% in after-hours trading. As shareholders for the Club, we think it’s time for a leadership change. Revenue for the quarter increased 9% year over […]
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Disney wants you to focus on revenue and profit instead of streaming subscribers — just not this quarter
The Disney+ Marvel website home screen on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Gabby Jones | Bloomberg | Getty Images The biggest companies in media and entertainment are telling investors to focus on revenue and profit instead of streaming subscriber growth — that message backfired […]
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Disney misses on profit and key revenue segments, but sees strong streaming growth
Bob Chapek, Disney CEO at the Boston College Chief Executives Club, November 15, 2021. Charles Krupa | AP Disney fell short of expectations for profit and key revenue segments during the fiscal fourth quarter, but saw strong streaming growth for its Disney+ platform — a rare bright spot in the report out Tuesday. The company’s […]
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Decide denies disgraced former Theranos CEO Elizabeth Holmes’ movement for new trial
Theranos founder and former CEO Elizabeth Holmes pauses even though likely through a stability checkpoint as she arrives for demo at the Robert F. Peckham Federal Creating on December 07, 2021 in San Jose, California. Justin Sullivan | Getty Illustrations or photos A federal decide denied Theranos founder Elizabeth Holmes’ movement for a new demo Monday, […]
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Shares of Trump-linked SPAC soar 66% as former president hints at 2024 run
The social media app will be developed by Trump Media and Technology Group (TMTG). Rafael Henrique | LightRocket | Getty Images Shares of Digital World Acquisition Corp., the company set to take Trump Media and Technology Group public, spiked Monday after former president Donald Trump hinted at a 2024 presidential run. Shares of DWAC gained […]
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While building Truth Social, Trump spoke with rivals about competing partnerships
The TRUTH Social website is seen on a mobile device with an image of former US president Donald Trump in the background in this photo illustration in Warsaw, Poland on 23 February, 2022. Nurphoto | Getty Images Months after Donald Trump began building his social media platform, Truth Social, he considered jumping ship and backing […]
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The K-pop ETF has not been doing properly, but its creator suggests Korean information is at ‘inflection point’
K-pop lady group BlackPink executed at The Late Late Clearly show with James Corden airing Thursday, April 18, 2019. (Photo by Terence Patrick/CBS via Getty Images) Cbs Photo Archive | Cbs | Getty Photos The creator at the rear of the new exchange-traded fund aimed at changing world wide fans of Korean material into an […]
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Fox loses legal battle to buy a stake in FanDuel from parent company Flutter at a lower valuation
The FanDuel Inc. app. Andrew Harrer | Bloomberg | Getty Images Fox lost a legal battle to buy an 18.6% stake in sports betting company FanDuel Group from its parent company Flutter at a reduced valuation, according to a ruling Friday from a New York arbitrator. Should Fox exercise its option to take the stake, […]
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Shonda Rhimes is among the creators unhappy with Netflix’s mid-video ads, sources say
Shonda Rhimes attends 2018 Vanity Fair Oscar Party on March 4, 2018 in Beverly Hills, CA. Presley Ann | Patrick McMullan | Getty Images Shonda Rhimes, the high-powered producer behind “Bridgerton” and “Inventing Anna,” is among a number of showrunners, creators and writers who have expressed displeasure with Netflix‘s decision to include mid-video ads in […]
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Warner Bros Discovery stories underwhelming earnings, suggests new streaming provider coming earlier
Warner Bros. Discovery noted its 3rd-quarter earnings on Thursday, lacking analyst expectations, as it felt the results of a tricky advertising and marketing setting and fees involved with its publish-merger restructuring. CEO David Zaslav also introduced that the merged variation of the firm’s HBO Max and Discovery+ streaming services will be coming in the spring, […]
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