Media
Disney CEO Bob Iger wastes no time putting turnaround plans in place after a solid quarter
Disney (DIS) reported a stronger-than-expected fiscal 2023 first quarter after the closing bell Wednesday, and Bob Iger struck the right tone on his first conference call since returning as CEO, prioritizing creativity and profitability. Revenue increased about 8% year-over-year, to $23.51 billion, beating analysts’ expectations for $23.37 billion, according to estimates compiled by Refinitiv. Earnings-per-share (EPS) fell 6.6% […]
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Dominion Voting attorney calls out Fox for missing evidence in defamation lawsuit
A person walks past Fox News Headquarters at the News Corporation building on May 03, 2022 in New York City. Alexi Rosenfeld | Getty Images Dominion Voting Systems is calling out Fox News and its parent company, Fox Corp, for failing to turn over evidence, with less than two months before the companies are set […]
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Disney will reorganize into three divisions as it slashes costs and cuts 7,000 jobs
Disney World celebrated its 50th anniversary in April 2022. Aaronp/bauer-griffin | Gc Images | Getty Images Disney said Wednesday it is planning to reorganize into three segments, while also cutting thousands of jobs and slashing costs. The media and entertainment giant said it would now be made up of three divisions: Disney Entertainment, which includes […]
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Disney earnings are out — here are the numbers
Bob Iger poses with Mickey Mouse attends Mickey’s 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles. Valerie Macon | AFP | Getty Images LOS ANGELES – Disney reported earnings after the bell. Here are the results. Earnings per share: 99 cents per share, adj. vs 78 cents per share expected, according […]
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Netflix commences cracking down on password-sharing in four nations
Netflix indication in web page shown on a laptop computer sscreen and Netflix brand exhibited on a cellular phone monitor are noticed in this illustration photo taken in Krakow, Poland on January 2, 2023. Jakub Porzycki | Nurphoto | Getty Photos Netflix on Wednesday outlined its lengthy-awaited password sharing tips for users in Canada, New […]
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Alphabet shares drop 7% following Google’s A.I. celebration
Google CEO Sundar Pichai speaks throughout the Google I/O keynote session at Shoreline Amphitheatre in Mountain Perspective, California on May 7, 2019. Josh Edelson | AFP | Getty Images Shares of Google’s dad or mum Alphabet tumbled additional than 7% on Wednesday following the company held an celebration that promoted its new artificial intelligence chatbot […]
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Movie theaters get creative with food and drink as they struggle to fill seats
The AMC Empire 25 near Times Square is open as New York City’s cinemas reopen for the first time in a year following the coronavirus shutdown, on March 5, 2021. Angela Weiss | AFP | Getty Images Movie theaters have struggled to fill seats during the Covid pandemic, but some are facing another problem — […]
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Uber beats estimates and the stock is up
Dara Khosrowshahi, CEO of Uber, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 18th, 2023. Adam Galica | CNBC Uber documented fourth-quarter earnings Wednesday that conquer analysts’ estimates. Shares were being up extra than 6% in premarket investing. Here’s how the enterprise did: Earnings for every share: 29 cents vs. 18 […]
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Microsoft’s $69 billion Activision takeover could damage players, British regulator says
An Activision Blizzard’s Phone of Responsibility: Contemporary Warfare video clip activity is inserted into the Microsoft’s Xbox 1 online video game console organized in Denver, Colorado, on Wednesday, Jan. 19, 2022. Michael Ciaglo | Bloomberg | Getty Illustrations or photos The British competitors regulator stated Wednesday that Microsoft’s $69 billion acquisition of gaming huge Activision […]
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What will TV look like in three years? These industry insiders share their predictions
Illustration by Elham Ataeiazar The media industry is in the middle of change. There’s little doubt legacy cable TV will continue to bleed millions of subscribers each year as streaming takes over as the primary way the world watches television. Still, the details of what’s about to happen to a transitioning industry are unclear. CNBC […]
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