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☆ Stocks making the biggest moves premarket: Ford, Clorox, Boeing, Pinterest and more
▼ + stars: | 2024-10-01 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

Ford Motor — The automaker jumped 2.3% after Goldman Sachs upgraded shares to buy from neutral. CVS Health – Shares rose 2% after CNBC, citing people familiar with the matter, reported that CVS is working with advisors on a strategic review of its business. Clorox — Shares of the household supplies company rose more than 1.5% after an upgrade to buy from hold at Jefferies. Pinterest — Shares of the online platform added 3.3% after Goldman Sachs added Pinterest to its "Americas Conviction List." Datadog — The cloud analytics company rose 1.7%.

Persons: Goldman Sachs, Raymond James, Ric Prentiss, Clorox, Pinterest, Datadog, Davidson, Oppenheimer, — CNBC's Sean Conlon, Sarah Min, Samantha Subin, Pia Singh, Michelle Fox, Jesse Pound Organizations: Ford, Super, Disney —, CVS, CNBC, Reuters, Anheuser Busch InBev, Citi, Anheuser, Busch, Jefferies, Boeing, Bloomberg, Alcoa, Bank of America

☆ Disney lands an upgrade — plus, why we're considering adding to this laggard stock
▼ + stars: | 2024-09-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Don't overlook Disney : Shares of Club name Disney have quietly put together a solid September, up about 6% in the month. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jerome Powell, Powell, we've, Jim Cramer's, Coterra, McCormick, We'll, Jim Organizations: CNBC, Federal, National Association for Business Economics, Disney, Seaport Research, Seaport, Energy, Coterra Energy, Jim Cramer's Charitable Trust, Jim Cramer's Charitable Locations: Nashville

☆ The Max-Hulu-Disney+ bundle seems to be off to a strong start
▼ + stars: | 2024-09-23 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Discovery teamed up with Disney to create an anticipated Max-Hulu-Disney+ bundle, which launched in late July for $17 per month. AdvertisementThere were less than 2 million net streaming subscribers additions in the US in Q2, according to Antenna. In August, Hulu's cancellation rate rose to its highest level since January, and Max's churn rate jumped to its highest mark since November. AdvertisementWhen taken in the context of Antenna's other data, it looks like some Hulu and Max customers are canceling their subscriptions so they can subscribe to the Max-Hulu-Disney+ bundle without paying twice. The Max-Hulu-Disney+ bundle is one of several streaming packages that media giants have conjured up.

Persons: —, Max each, Peacock, Max, it's Organizations: Service, Warner Bros, Discovery, Disney, Hulu, Business, Paramount, WBD, Comcast, Netflix, Apple, ESPN

☆ Disney's plans to future-proof its TV business could help kill the cable bundle even faster than expected
▼ + stars: | 2024-09-20 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Discovery to form sports streaming service Venu, which promised to offer access to tons of live sports at less than half the cost of traditional cable bundles. Unlike ESPN+, this service will have all of ESPN's content, including Monday Night Football games and shows like "First Take." Disney is doing everything it can to make sure it's not in the same boat — hence its investments in projects like Venu and ESPN Flagship. Despite that drawback, Nollen is optimistic about ESPN Flagship. If ESPN Flagship hits those milestones, it can fully offset the losses from pay TV, which it will — ironically — be partially responsible for.

Persons: —, Venu, Tim Nollen, Nollen, Fubo, Venu Sports, Craig Moffett, Michael Nathanson, MoffettNathanson, Margaret Garnett, Garnett, It's, Peacock Organizations: Service, Disney, Media, Business, Netflix, Fox, Warner Bros, ESPN, Football, US, DirecTV, ESPN Flagship, Paramount, NBC, CBS Locations: skinnier

☆ Disney to ditch Slack following July data breach
▼ + stars: | 2024-09-19 | by ( Sarah Whitten | ) www.cnbc.com time to read: +1 min

The Mickey Mouse and Minnie Mouse float passes by during the daily Festival of Fantasy Parade at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. The Walt Disney Company will no longer use Slack for in-house company communication months after a hack that involved more than a terabyte of company data being leaked to the public. Representatives from Disney and Salesforce, the owner of Slack, did not immediately respond to CNBC's request for comment. "Companies also have to take the right measure to prevent phishing attacks and to lockdown their employees' social engineering," he added. Benioff noted that Disney continues to use Salesforce products in other aspects of its business including its Disney store, Disney guides, sales and service operations and its call centers.

Persons: Mickey Mouse, Mouse, Hugh Johnston, Slack, Marc Benioff, Benioff, Disney Organizations: Magic, Walt Disney World, Walt Disney Company, Disney, CNBC, Bloomberg Locations: Orlando , Florida

☆ Disney is ditching Slack after hackers gained access, and some employees aren't happy. Read the CFO's memo.
▼ + stars: | 2024-09-19 | by ( Lucia Moses | Jyoti Mann | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDisney is gearing up to stop using the messaging platform Slack, causing apparent grumblings in some corners of the company. Some of the workers complained about an apparent plan to transition to Microsoft Teams, a Slack rival, according to the screenshots. Read the full memo from Disney's CFOFellow Employees and Cast Members, Collaboration is at the heart of our employee culture. Our technology teams are now managing the transition off Slack by the end of Q1 FY25 for most businesses, with DX and more complex use cases following in Q2 FY25.

Persons: —, Slack, Hugh Johnston, Oliver Darcy, Disney's Slack, Hugh, they'd Organizations: Service, Business, Disney, Wired, Street Journal, Microsoft Teams, Microsoft

Read previewOn Monday, Amazon mandated corporate workers return to the office five days a week beginning January 2nd. AdvertisementHere's a list, in alphabetical order, of major companies requiring employees to return to offices. BlackRockLast year, BlackRock mandated employees return to the office four days a week. MetaMeta updated its remote work policies in September 2023, requiring employees to head into the office three days a week. AdvertisementWalmartAlong with slashing hundreds of jobs, Walmart also asked previously remote employees in the US to move to offices.

Persons: —, Goldman Sachs, Andy Jassy, We've, Jassy, Insider's Ashley Stewart, It's, Apple's, Tim Cook, Rob Goldstein, Caroline Heller, Chipotle, Bob Iger, Iger, signees, David Solomon, Fortune, Fiona Cicconi, Arvind Krishna, Jamie Dimon, Redfin, Glenn Kelman, Salesforce Salesforce, Marc Benioff, Howard Schultz, Schultz, Tesla, Elon Musk, nodded, Musk, X, Yao Yue, Yue, Dara Khosrowshahi Organizations: Service, JPMorgan, Business, Amazon, Apple, BlackRock, Hudson, Bloomberg, Citigroup Citigroup, HSBC Holding Plc, Barclays, Citigroup, Reuters, Disney, The Washington Post, CNBC, Google, San Francisco Bay Area, IBM IBM, IBM, Meta Meta, Frisco, San Francisco Standard, Engineers, Starbucks, Elon, Twitter, National Labor Relations, Walmart, Street Journal Locations: Seattle, New York City, San Francisco Bay, San Francisco, Dallas , Atlanta, Toronto, Arkansas, New Jersey

Disney's networks went dark on Sept. 1 after the two sides could not agree to terms on fees and bundle structures. DirecTV called Disney anti-consumer, and ESPN Chairman Jimmy Pitaro called the responses DirecTV made to Disney's package offers "basically hypotheticals." The amount of customers DirecTV lost during the dispute was not "immaterial," said DirecTV Chief Marketing Officer Vince Torres at Goldman Sachs' Communacopia & Technology Conference on Thursday. DirecTV offered its customers a $30 credit, financed by stopping payments to Disney as soon as the blackout began, Torres said. This was the second dispute in a year that left pay TV customers without Disney's networks.

Persons: Disney, DirecTV's, Jimmy Pitaro, It's, ESPN's Pitaro, Vince Torres, Goldman Sachs, Torres, Venu, DirectTV, ESPN — Organizations: Clemson Tigers, season's, Clemson, NCAA Division, DirecTV, Disney, ESPN, U.S ., Atlanta Falcons, Philadelphia Eagles, CNBC, & Technology Conference, ABC, Antitrust, Warner Bros, Discovery, Fox Corp, Federal Communications Commission, FCC, Charter Communications

☆ Hollywood's secret weapon is an independent animation studio called Titmouse
▼ + stars: | 2024-09-14 | by ( Sarah Whitten | ) www.cnbc.com time to read: +5 min

Amazon Prime Video's "The Legend of Vox Machina" is one of the many shows using animation from independent studio Titmouse Animation. Amazon StudiosThere's a powerhouse in the entertainment industry that remains unknown to many casual cartoon viewers — it's called Titmouse Animation. Titmouse worked on Disney's "Star Wars Galaxy of Adventures," a series of animated shorts set in the Star Wars universe. "When we were looking at animation studios, Chris [Prynoski] made it really clear that Titmouse wanted to get into prime-time-style adult animation and that their No. Netflix's "Big Mouth" was produced through Titmouse's animation studio.

Persons: it's, haven't, you've, Chris Prynoski, doesn't, Titmouse, Prynoski, we've, Chris, Shannon Prynoski, Daria, Beavis, Ben Kalina, they've, Kalina, Andrew Goldberg Organizations: Amazon, Amazon Studios, Netflix, Paramount, Hollywood, Disney, Universal, MTV, Cartoon Network, MTV Animation, Wars Galaxy, Star Wars, Warner Bros

☆ WBD scored a crucial cable deal — by making HBO free for millions of people
▼ + stars: | 2024-09-12 | by ( Peter Kafka | James Faris | ) www.businessinsider.com time to read: +4 min

AdvertisementCharter will end up paying WBD for the right to give away Max with ads (as well as Discovery+, WBD's much-less-popular streamer), which sells for $10 a month. So WBD isn't exactly giving Max away. But by making a version of Max free to millions of Charter subscribers, WBD is basically inviting existing Charter/Max subscribers to trade down. But this time around, LightShed analyst Rich Greenfield calls the deal a "victory" for WBD, given the weakened position of its cable channels. Related stories"Nobody had faith in Zaslav/WBD to get a Charter deal done, especially a deal that was not even up for an entire year," he writes.

Persons: —, WBD, Max, there's, Warner, Rich Greenfield, Nobody, Greenfield, John Malone, Malone, David Zaslav, Goldman Sachs, He'll Organizations: Service, Warner, TNT, NBA, Business, HBO, Charter, Disney, ESPN, Analysts, Comcast, DirecTV Locations: Zaslav, DirectTV's

☆ A couple say they spent $400,000 trying to regain access to Disney's exclusive club and lost the legal battle
▼ + stars: | 2024-09-11 | by ( Nora Redmond | ) www.businessinsider.com time to read: +1 min

A couple said they spent $400,000 in legal fees to rejoin Disney's exclusive Club 33. Club 33 is an invite-only members club with hefty annual fees. Go to newsletter preferences Thanks for signing up! AdvertisementAn Arizona couple say they have spent $400,000 in legal fees trying to regain membership to Disney's exclusive Club 33 after being booted out seven years ago — only to lose the case this month. Club 33 is an invite-only private dining members club that reportedly costs $31,500 a year and has, at times, had a waiting list of up to 14 years.

Persons: —, Scott, Diana Anderson Organizations: Disney's, Service, LA Times, Business Locations: Arizona, California

☆ James Earl Jones said he didn't speak for 8 years because his stutter was 'painful.' The Darth Vader actor went on to have one of Hollywood's most iconic voices.
▼ + stars: | 2024-09-10 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewJames Earl Jones, who died on Monday, said he didn't speak for eight years as a child because of his stutter. He would go on to voice some of Hollywood's most iconic characters, including Darth Vader in "Star Wars." AdvertisementIn 2010, Jones told the Daily Mail how difficult it was to stutter in front of his classmates: "Stuttering is painful. So my first year of school was my first mute year and then those mute years continued until I got to high school," Jones said.

Persons: —, James Earl Jones, Darth Vader, Jones, Conan, King, Oscar, I'd, " Jones, Donald Crouch Organizations: Service, Business, Daily Mail, Academy of Locations: America, Disney's, Mississippi, Michigan

☆ Before his death, Steve Jobs told Bob Iger to retire from Disney and try to enjoy the good things in life: report
▼ + stars: | 2024-09-09 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewBefore dying of pancreatic cancer in October 2011, the late Apple CEO Steve Jobs told his counterpart at Disney, Bob Iger to start planning his retirement. Jobs, Iger wrote in his memoir, played a critical role in Disney's acquisition of Marvel in 2009. In July 2023, Disney said that Iger's tenure as Disney CEO will run through 2026. Advertisement"The person that I think most of, that I was fortunate enough to have observed very closely, is Steve Jobs," Iger said of Jobs in an interview with Time magazine published in April 2023. Jobs, Iger told the magazine, had returned to Apple under "very different circumstances" than when he'd founded it.

Persons: —, Steve Jobs, Bob Iger, Jobs, Iger, Disney didn't, he'd, Ike Perlmutter, Marvel's, we'd, Ike, Steve Organizations: Service, Apple, Disney, New York Times, Business, Iger, Walt Disney Company, Pixar, Marvel, NeXT

Disney and DirecTV are not likely to reach a deal in time for "Monday Night Football" according to people familiar with the matter. As a result of the fight, DirecTV customers were unable to see the U.S. Open and the first full weekend of the college football season. DirecTV alerted customers on Friday to competitor alternatives for watching ESPN and also said it would provide a $30 credit to customers. However, Charter and Disney reached a deal hours ahead of "Monday Night Football" that allowed customers to tune in that night. The dispute between DirecTV and Disney has led to mudslinging between the two companies reminiscent of most carriage fights.

Persons: Rob Thun, Venu —, Venu, Disney, It's, Jimmy Pitaro, Nielsen, Pitaro, Adam Schefter, DirecTV's Thun Organizations: ESPN, Jacksonville Jaguars, Cincinnati Bengals, EverBank, DirecTV, Disney, FX, ABC, U.S ., CNBC, Walt Disney Co, Fox Corp, Warner Bros, NFL, Federal Communications Commission, Charter Communications, New York Jets, San Francisco 49ers Locations: Jacksonville , Florida, American, U.S

☆ NFL's games in Brazil, Europe are key to more revenue growth, Goodell says
▼ + stars: | 2024-09-06 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

This season, the NFL will play five games abroad in Europe and South America. "The reality is, when we bring our brand of our regular season games here, it creates a whole new environment," Goodell said. Goodell said it has been a learning process playing games abroad, as the league sees how players handle long flights and different time zones. Some games are streaming exclusive, including Friday's matchup in Brazil, which will air on NBC's Peacock platform. Yet, Goodell said 85% of NFL games are still available on broadcast television.

Persons: Roger Goodell, CNBC's, Goodell, they'll Organizations: National Football League, NFL, Southern Hemisphere, Official NFL, Global, Miami Dolphins, Los Angeles Rams, Seattle Seahawks, CNBC, Fox, ESPN, ABC, CBS, YouTube, Netflix Locations: South America, Sao Paulo, Brazil, Europe, London, Germany, Argentina, Colombia, South Korea, Japan, Canada, Austria, Switzerland

☆ Director of Disney's Lion King says AI is a 'Wild West,' echoes how animation changed film
▼ + stars: | 2024-09-06 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

Kevin Winter | Getty ImagesArtificial intelligence is a "Wild West" with "very few rules" — but it has the potential to democratize the film industry in the long term, according to the director of "The Lion King." Minkoff was speaking with CNBC ahead of the Reply AI Film Festival. 'Hyperbole' versus 'legitimate concerns'The arrival of new technology has for decades been a fear among people working in the film industry, Minkoff noted. Alexander de Lukowicz, co-director of "Gia Pham," told CNBC that humans are essential to how he and his team work to generate short films. We wanted to produce something like a film to really check the boundaries of what's possible," de Lukowicz told CNBC.

Persons: Lion, Roger Allers, Rob Minkoff, Kevin Winter, it'll, Minkoff, Stuart Little, Simba, Filippo Rizzante, Rizzante, Gia Pham, Alexander de Lukowicz, It's, de Lukowicz Organizations: CNBC, American Society for Composers, Publishers, Broadcast, Inc Locations: Venice

☆ NFL team sales are likely to stall as valuations soar
▼ + stars: | 2024-09-05 | by ( Alex Sherman | ) www.cnbc.com time to read: +10 min

Abbie Parr | Getty Images Sport | Getty ImagesThe Seattle Seahawks may be the next National Football League team to sell. The average NFL team is now worth $6.49 billion, and no team is valued at less than $5.25 billion, according to CNBC's Official 2024 NFL Team Valuations. Seven of the last 10 NFL teams to be sold outperform the S&P 500 on a percentage-gained basis since the sale. Each of the last four NFL team sales has set a new record, showcasing the rise in valuations. WATCH: New England Patriots owner Robert Kraft on new NFL private equity ruleswatch now

Persons: Abbie Parr, Paul Allen, Allen's, Jody, Marc Ganis, Roger Goodell, It's, There's, Neal Pilson, That's, Ganis, —, Daniel Snyder, Josh Harris, Terry Pegula, Kim, Ralph Wilson, David Tepper's, Jerry Richardson, Rob Walton, Pat Bowlen, Virginia Halas McCaskey, George Halas, McCaskey, George McCaskey, They're, Goodell, Curtis Martin, Tracy Gallagher, Gallagher, Robert Kraft, Kraft Organizations: Getty, Seattle Seahawks, National Football League, Former Seahawks, Microsoft, NFL, Disney, National Basketball Association, Netflix, CBS Sports, Pilson Communications, NBA, Washington, Philadelphia 76ers, National Hockey League's New Jersey Devils, Billionaire, Buffalo Bills, Carolina Panthers, Panthers, Walmart, Denver Broncos, Bills, Broncos, Chicago Bears, Bears, The Miami Dolphins, Los Angeles Chargers, Ares Management, Sixth Street Partners, Arctos Partners, Equity, Blackstone, Carlyle Group, Capital Partners, Arta Finance, NHL, Major League Baseball, New England Patriots, CNBC Locations: U.S, Spain, Germany, Brazil

☆ Summer box office bounced back thanks to 'Inside Out 2,' 'Deadpool & Wolverine'
▼ + stars: | 2024-09-04 | by ( Sarah Whitten | ) www.cnbc.com time to read: +5 min

Thanks to some anthropomorphic emotions and a bad-mouthed, fourth-wall breaking antihero, the domestic summer box office scraped together $3.6 billion in ticket sales. Box office analysts and cinema owners braced themselves a few months ago for the possibility that the summer movie season could be the worst showing in a decade. But it wasn't until mid-June that the box office got a proper surge of moviegoers. Through Labor Day, the film was the highest-grossing summer movie with $650 million in box office receipts. Box office analysts foresee the summer's momentum carrying over into the fall, ultimately bolstering the overall third-quarter box office results.

Persons: Paul Dergarabedian, it's, Guy, George Miller's, Max, Disney's, Dergarabedian, Romulus, Eric Handler, Roth MKM, Shawn Robbins Organizations: Comscore, Labor, Marvel, Disney, Marvel Studios, Warner Bros, Deadpool, Universal, Fathom, Comcast, CNBC Locations: Kingdom, NBCUniversal

☆ Cable TV's collapse deepens: 'It is becoming increasingly clear that there is no longer any floor'
▼ + stars: | 2024-09-03 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Pay-TV distributors — that's conventional cable guys like Comcast, satellite-TV outfits like DirecTV, and digital alternatives like YouTube TV — lost 1.6 million subscribers in the second quarter of 2024, according to analysts at MoffettNathanson. But not as bad as other Q2s, like in 2023, when the industry lost 1.7 million subscribers, or in 2022, when it lost 1.8 million subs. And in other good news for the TV industry … well, that's about it. That's why YouTube TV lost subscribers for the first time in the first quarter, and added only 50,000 subscribers in the second.

Persons: —, MoffettNathanson's Craig Moffett, Michael Nathanson, we've, Nathanson, Venu, Warner, Fox —, Moffett, James Faris, Jimmy Pitaro Organizations: Service, Comcast, DirecTV, YouTube, Business, Hulu, Moffett, Warner Bros, Disney, Fox, ESPN, ABC

☆ How Disney created a PR nightmare with its response to a wrongful-death lawsuit
▼ + stars: | 2024-09-02 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +8 min

Read previewEarlier this month, Disney walked itself into a PR nightmare. Jeffrey J. Piccolo named the entertainment giant in a wrongful-death lawsuit in February after his wife, Kanokporn Tangsuan, died at a restaurant in Disney Springs in Florida. Disney backtracksOne X user called the Disney+ argument "very dystopian," while others encouraged people to cancel their subscriptions in retaliation. AdvertisementRepresentatives for Disney issued a statement about the wrongful-death lawsuit. Legal proceedings for the lawsuit are still ongoing, but Triana said Disney has the opportunity to mend its public image now through transparency.

Persons: —, Disney, Jeffrey J, Piccolo, Kanokporn Tangsuan, Tangsuan, Joe Burbank, David Triana, I'm, Triana, I've, Josh D'Amaro, we've, Natela, Shenon, it's, They're, they've Organizations: Service, Business, Hollywood, Disney, Pubs, Inc, Disney Springs, Walt Disney, Media, Associated Press, Orlando Sentinel, Tribune, Getty, Axia Public Relations, Washington Post Locations: Disney Springs, Florida, New York, Pubs Florida, Raglan, California

☆ DirecTV is on the warpath against Disney in a battle it says is existential for cable TV
▼ + stars: | 2024-08-27 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

They really just want to disintermediate all of pay TV and drive everyone to themselves. Fresh off a vicarious victory over Disney, Thun is still looking for revenge. For DirecTV, it's skinny bundles or bustDirecTV believes these strict bundling requirements are to blame for putting pay TV on life support. Disney is "completely responsible" for the fall of pay TV, Pachter said, "because they think the only direction that retransmission fees should go is up." Without skinny bundles, pay TV is 'going to die'If skinnier bundles can't solve pay TV's woes, it's unclear what could.

Persons: —, Venu Sports, Venu, Rob Thun, Thun, Venu didn't, DirecTV's, Geo, They've, Venu wouldn't, Margaret Garnett, I'm, Michael Pachter, he'd, Pachter, Brian Wieser, Puck's John Ourand, Rich Greenfield, Greenfield, — we're, Wieser Organizations: Service, Disney, Fox, Warner Bros ., DirecTV, Business, ESPN, balk, YouTube, Wedbush Securities, Madison, Cable, Paramount, LightShed Partners, Charter Locations: Thun, Wall

☆ 2 reasons why Disney's stock is worth buying despite a theme-park slowdown
▼ + stars: | 2024-08-24 | by ( Paulina Likos | ) www.cnbc.com time to read: +11 min

In fiscal 2022 and 2023 combined, Disney's experiences unit, which houses the parks, generated 67.5% of the company's operating income. That represents a significant deceleration in growth from its first and second quarters, when operating income rose 8% and 12%, respectively. Nispel argued that negative sentiment around Disney's theme parks performance could be a reason to have less conviction on the stock in the near term. The more excitement around its movies, the more interest in everything from theme parks to streaming services to branded merchandise. Operating income, in particular, rose more than $350 million year over year to $254 million.

Persons: that's, Disney, we're, Jim Cramer, Jeff Marks, amortization —, Brandon Nispel, Nispel, Bob Iger, Goldman Sachs, Goldman, Jim, Romulus, King, KeyBanc's Nispel, Jim Cramer's, Mickey Mouse, Minnie Mouse, Gary Hershorn Organizations: Disney, Magic, Club, Magic Kingdom, DIS, Comcast, CNBC, KeyBanc, Universal, Americas, —, Hulu, ESPN, Walt Disney World, Corbis, Getty Locations: California, Florida, Magic, Orlando , Florida, Orlando, Animal Kingdom

☆ Disney told a man he couldn't take it to court over his wife's death at one of its parks because he once had a Disney+ trial. Now it's backing down.
▼ + stars: | 2024-08-20 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Kanokporn Tangsuan, a 42-year-old doctor in New York, died in October 2023 from anaphylaxis after eating at a restaurant at Disney Springs at Walt Disney World in Orlando, according to the lawsuit. Walt Disney World's Disney Springs is home to a number of shops, restaurants, and attractions. This includes "any related disputes involving The Walt Disney Company, its subsidiaries, or its affiliates," the terms say. Piccolo agreed to the terms again when he logged into his Disney account to book tickets for Walt Disney World's Epcot park, Disney said. "Whether Piccolo actually reviewed the Disney Terms is also immaterial," the company's lawyers wrote.

Persons: —, Disney, Kanokporn, Walt Disney, Jeffrey Greenberg, Jeffrey Piccolo, Piccolo, Walt, Kanokporn Tangsuan, Josh D'Amaro, we've Organizations: Service, Disney, Disney Springs, Walt Disney, Business, Getty, Irish Pubs, Walt Disney Company, CNN Locations: Florida, New York, Orlando, Raglan, Irish Pubs Florida, Kanokporn

☆ Judge temporarily blocks sports streaming service Venu, siding with Fubo on antitrust concerns
▼ + stars: | 2024-08-16 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Discovery and Fox from launching their sports streaming service, Venu, according to court filings. The temporary injunction, granted in response to a lawsuit brought by Fubo TV , comes just weeks ahead of the start of the National Football League season. Fubo, an internet TV bundle akin to the traditional pay TV package, alleged in its lawsuit that Venu was anticompetitive and would upend its business. Discovery, Fox and Disney's ESPN announced the formation of the joint venture streaming service in February. On Friday, Fubo said it intends to move forward with its antitrust lawsuit against the companies for their anticompetitive practices.

Persons: Venu, David Gandler, Fubo, Sen, Elizabeth Warren, Bernie Sanders, Joaquin Castro, Venu Sports, Judge Margaret Garnett, Garnett, " Garnett Organizations: NFL, ESPN, Chicago Bears, Minnesota Vikings, Soldier, Disney, Warner Bros . Discovery, Fox, Fubo TV, National Football League, Warner Bros, Discovery, Disney's ESPN, National Basketball Association, National Hockey League, Major League Baseball, ABC, TNT, TBS, Paramount, CBS, NBC Locations: Chicago, U.S, Texas

☆ Disney's 'Deadpool & Wolverine' becomes the highest-grossing R-rated film of all time
▼ + stars: | 2024-08-16 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

The trio of Ryan Reynolds, Hugh Jackman and Shawn Levy has captured lightning in a bottle with "Deadpool & Wolverine." As of Thursday, the Disney and Marvel film is the highest-grossing R-rated title of all time, surpassing Warner Bros.' "Joker." With $516.8 million in domestic ticket sales and $568.8 million from international audiences, "Deadpool & Wolverine" has exceeded $1.085 billion globally. "Deadpool & Wolverine" arrived in theaters late July on the back of a string of hits and misses from one of Disney's most bulletproof franchises. The last film released by the studio was "The Marvels," which arrived in November and had the lowest opening and lowest overall box office haul for an MCU film ever.

Persons: Ryan Reynolds, Hugh Jackman, Shawn Levy, Shawn Robbins, That's, Kevin Feige, Reynolds, Levy, Robbins, Marvel Organizations: Disney, Marvel, Warner Bros, Century Fox, San Diego Comic, & $

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