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Robert Downey Jr. speaks onstage during the Marvel Studios Panel in Hall H at SDCC in San Diego, California on July 27, 2024. After its worst performance of all-time at the box office last November, the studio is back on top with "Deadpool & Wolverine." It's a promising development for the Disney -owned Marvel Studios, which has struggled to maintain box office momentum in the wake of 2019's historic "Avengers: Endgame." At the same time Marvel Studios was still reeling from pandemic-related production shutdowns and dual Hollywood labor strikes. And that's good news for a studio that has generated more than $30 billion in box office since 2008.
Persons: Robert Downey Jr, Marvel, It's, Hugh Jackman's Wolverine, Jonathan Majors, Kang Organizations: Marvel Studios, Marvel Cinematic, Disney Locations: SDCC, San Diego , California
I recently stayed in a $990-a-night studio villa at Disney's Polynesian Village Resort. We had easy access to two theme parks and ate at one of the best restaurants at Disney World. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . My parents and I recently booked a studio villa at Disney's Polynesian Village Resort using our Disney Vacation Club points.
Persons: , I've Organizations: Disney, Service, Business
Thursday night preview numbers are folded into Friday's box office haul and calculated as part of a film's three-day opening weekend. The latest entrant in the Marvel Cinematic Universe is one of the most anticipated releases of 2024 and the first R-rated film in the comic book franchise. Disney and Marvel's "Deadpool & Wolverine" has secured $38.5 million in Thursday previews and is on pace for a domestic debut north of $150 million, which would be a record for an R-rated film. "Deadpool & Wolverine" is expected to tally between $160 million and $180 million at the domestic box office during its debut. This haul would mark the highest opening weekend for a film in 2024 and the biggest debut of an R-rated film ever.
Persons: Paul Dergarabedian, Shawn Robbins, Marvel, Kang, Jonathan Majors — Organizations: Blockbuster, Marvel, Disney, Motion, Association, Century Fox, CNBC, Marvel Studios, San Diego Comic Con Locations: San
If you ask Zaslav, though, the reason Roberts and other potential buyers of media assets aren't interested is because the government has scared them away. Or, perhaps, legacy media companies are simply undesirable assets to own. He extended the life of his previous company, Discovery Communications — and probably his own tenure running a media company — by merging it with AT&T's WarnerMedia in 2022. Without a deal, Discovery would have wallowed as a subscale content provider and owner of declining cable networks. Discovery with another legacy media company, such as Paramount Global , Fox or Disney , or NBCUniversal, if it were spun off from Comcast.
Persons: David Zaslav, David Grogan, Brian Roberts, " Roberts, Comcast's, Roberts, Zaslav, Shari Redstone, Rob Kindler, Paul, Weiss, they've, Kindler, haven't, Morgan Stanley's, Donald Trump's, There's, Joe Biden's, Simon, Simon & Schuster, JD Vance, Lina Khan's, Lina Khan, Biden, Vance, Kamala Harris Organizations: Allen & Company Sun Valley Conference, CNBC Comcast, Warner Bros, Discovery, Allen & Co, Sun, Paramount, Skydance Media, CNBC Redstone, Starz, AMC Networks, Vice Media, Discovery Communications, NBA, Apple, Paramount Global, Fox, Disney, Comcast, CNBC, Google, Scripps Networks Interactive, Time Warner, Scripps, Viacom, CBS, Sky, AMC, IFC, Sundance, Lionsgate, Media, Republican, Democratic, Donald Trump's Department of Justice, Simon &, Random, MGM, Federal Trade, & $ Locations: Sun Valley , Idaho, RemedyFest
Those marks include the highest domestic opening of 2024 and the biggest debut ever for an R-rated film. "Deadpool and Wolverine" is the 34th film to be released under the MCU banner and the first to garner an R-rating from the Motion Picture Association. The previous two Deadpool films, both rated R, were produced and released through 20th Century Fox. Jacob said "Deadpool and Wolverine" is filled with Easter eggs and audiences will return to try and see them all. There's also a genuine curiosity about how the MCU's first R-rated film will play out and hold to the qualities which made the first two Deadpool films and [Jackman's 2017 Wolverine film] 'Logan' so popular."
Persons: Mike Bowers, Fandango —, Ryan Reynolds, Deadpool, Bowers, Ellis Jacob, Jacob, Shawn Robbins, Disney, Robbins, Reynolds, Jackman, There's, Logan Organizations: Harkins Theatres, Marvel, Motion, Association, Century Fox, Disney, Cineplex Locations: Arizona, Canada
I've dined at almost every restaurant at Disney World, and some are better than others. The newest restaurant at Disney Springs, eet by Maneet Chauhan, is one of my new favorites. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI'm an annual passholder who's been visiting Disney World for over 30 years. Luckily, I've had the chance to dine at nearly every restaurant at the parks, resorts, and Disney Springs, so I know which ones are worth it.
Persons: I've, Maneet Chauhan, , who's, I'm Organizations: Disney, Turf, Disney Springs, Service, Business Locations: Springs, eet, Florida
Read previewTwo lions recently proved that there's no river wide enough to keep them from potential mates. In February, the pair of brothers, Jacob and Tibu, swam for nearly a mile across a channel between two lakes in Uganda's Queen Elizabeth National Park. This story is available exclusively to Business Insider subscribers. Advertisement"We didn't know lions could do this," Braczkowski, told Business Insider in an email. And when it does come down to a fight, Jacob probably wouldn't be all that helpful to Tibu, Packer said, "but he's still better than nothing."
Persons: , Jacob, Tibu, Alexander Braczkowski, Braczkowski, Craig Packer, Bosco Atukwatse, King, Packer, wouldn't Organizations: Service, Uganda's Queen Elizabeth, Griffith University, Business, Lions, New, University of Minnesota's Lion Locations: Uganda's Queen, Uganda, what's
Here are Wednesday's biggest calls on Wall Street: RBC upgrades Estee Lauder to outperform from sector perform RBC said it sees an attractive risk/reward. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by shares of Tesla following the release of disappointing earnings. Morgan Stanley initiates Biohaven as overweight Morgan Stanley said it sees "value creation" for the biotech company. Morgan Stanley downgrades General Motors to equal weight from overweight Morgan Stanley said it sees a more "balanced" risk/reward for shares of GM. " Cantor Fitzgerald downgrades Tesla to neutral from overweight Cantor downgraded Tesla following earnings on Tuesday.
Persons: Lauder, Raymond James, Taylor Morrison, it's, Morgan Stanley, Tesla, Tesla's, TD Cowen, JFrog, Cowen, Lockheed Martin, Goldman Sachs, Goldman, Smith, Stifel, GOOGL, Jefferies downgrades, Gamble, Jefferies, Piper Sandler downgrades Ulta, Piper, Gordon Haskett, Joel Anderson, Cantor Fitzgerald downgrades Tesla, Cantor Organizations: RBC, Taylor Morrison Homes, Tesla, Lockheed, Spotify, JPMorgan, Garden Entertainment, Apple JPMorgan, Apple, Jefferies downgrades Colgate, Palmolive, Procter, Colgate, Gamble, Deutsche Bank, Deutsche, Motors, GM, Barclays, Disney, Universal Studios, Davidson Locations: GenAI, Malibu
On Tuesday, "Inside Out 2" surpassed $1.46 billion in global ticket sales, making it the highest-grossing animated feature of all time, usurping another Disney title, "Frozen II." The record-breaking box office for "Inside Out 2" comes after a series of theatrical hits and misses from the company, especially from its animated releases. In particular, Pixar has suffered at the box office in the wake of the Covid-19 pandemic. Of note, Disney does not consider its 2019 "The Lion King" to be an animated feature despite nearly the entire film being computer animated. Otherwise, it would be the highest-grossing animated feature, as it collected more than $1.6 billion during its theatrical run.
Persons: Amy Poehler, Maya Hawke, Joy Organizations: Disney, Pixar, Walt Disney Animation Locations: Disney, Japan
Feige told DiscussingFilm on Tuesday that if they brought back Downey Jr. and Evans, they would have to handle the move carefully. And we've been spending, you know, the last two-plus years figuring that out for Wolverine," Feige said. AdvertisementIf pulled off correctly, the return could be a great move for Marvel, Downey Jr., and Evans. A cameo from Downey Jr. or Evans could help bring back audiences to the cinemas. But after winning his first Oscar for "Oppenheimer," Downey Jr. seems more open to reprising the role.
Persons: , Kevin Feige, Hugh Jackman's, Robert Downey Jr, Captain America, Chris Evans, Wolverine, Feige, DiscussingFilm, Downey, Evans, Hugh Jackman, Ryan Reynolds, Jay Maidment, We're, Russo, Man's, Axelle, Bauer, Griffin, FilmMagic, Anthony Russo, Joe Russo, Joe Rogan, Oscar, Oppenheimer, America Chris Evans, America, Steve Rogers, Evan Agostini, Marvel Evans, he's, Johnny Storm, Marvel, Joseph Quinn, Captain, I'm, Anthony Mackie, Mackie Organizations: Service, Captain, Business, Marvel, Marvel Studios, Wolverine, Iron, Feige, Man, GamesRadar, Sands, Disney, MTV, Captain America, GQ Locations: Logan, St Andrews, Scotland
Verizon misses quarterly revenue estimates on slow phone upgrades
  + stars: | 2024-07-22 | by ( ) www.cnbc.com   time to read: +2 min
Verizon Communications missed quarterly revenue estimates on Monday due to slow phone upgrades in the United States, taking the shine off strong growth in wireless subscribers and sending shares of the telecom firm down 3.4% before the bell. Verizon reported second-quarter revenue of $32.8 billion, compared with analysts' average estimate of $33.06 billion, according to LSEG data. Verizon said it added 148,000 net monthly bill-paying wireless phone subscribers from April to June, above analysts' average estimate of 127,870 additions, according to Visible Alpha. It even raised the price of some older plans in March to prompt customers to switch to the new plans. The company's consumer business reported net losses of 8,000 wireless retail postpaid phone subscribers in the latest quarter, compared with 136,000 losses a year earlier.
Persons: Warner Bros Discovery's Max Organizations: Verizon Communications, Verizon, Apple, IDC, Mobile, Netflix, Warner Bros Discovery's Locations: United States
Insider Today: A historic outage
  + stars: | 2024-07-21 | by ( Matt Turner | ) 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. Since then:This story is available exclusively to Business Insider subscribers. You can get the latest on what the political turmoil might mean for businesses, the economy, and markets right here or by downloading the Business Insider app. This week's dispatchMaster/Getty, Yevgeniy Sambulov/Getty, Tyler Le/BIA historic outageComputers at Australian retailer Woolworths froze with the blue screen of death. An update gone wrong from a single company many hadn't heard of before Friday morning brought retailers, banks, hospitals, production lines, and airlines to a halt.
Persons: , It's, Donald Trump, Yevgeniy Sambulov, Tyler Le, Cash, Tesla, Crowdstrike, Jenny Chang, Rodriguez, Slack, de Haro, Gen Z, Rebecca Zisser, Mickey Mouse, Lizzie McGuire, Hannah Montana Organizations: Service, Business, Woolworths, Airline, Microsoft, Getty, Workers, BI Tech, Big Tech, Disney, YouTube Locations: Japan, Alaska
Thousands of Disneyland workers vote to authorize a strike
  + stars: | 2024-07-20 | by ( ) www.cnbc.com   time to read: +1 min
People walk toward an entrance to Disneyland on April 24, 2023 in Anaheim, California. Four unions representing more than 14,000 workers at Disney's theme parks and resort properties in Southern California announced late Friday that members have voted to authorize a strike, citing alleged unfair labor practices during contract negotiations. The thousands of workers at Disneyland, Disney California Adventure, the Downtown Disney retail district and Disney-owned hotels authorized a walkout, the unions announced. If a strike does occur, it would be the first at Disneyland in 40 years. The unions said there was "a 99% membership vote in favor of authorizing their Disney Workers Rising bargaining committee to call for an unfair labor practice strike."
Organizations: Disney, Downtown Disney, Disneyland, Disney Workers, Disney Workers Rising, Walt Disney Company Locations: Anaheim , California, Southern California, Disney California
A mass IT outage has disrupted operations in many industries, including theme parks. Disneyland Paris display screens went blank, while Universal Studios Japan suspended in-person ticket sales. The outages came at the height of the summer tourist season. AdvertisementThe mass IT outage is causing problems for everyone — even Mickey Mouse. The outage has disrupted industries and organizations worldwide, including Disney's international theme parks.
Persons: , Mickey Mouse Organizations: Universal Studios Japan, Service, The Financial Times, CNN, Business Locations: Paris, Hong Kong
While the media and entertainment landscape around Netflix is in a state of change, the world's largest streamer is fine with the status quo. "Because when we delight people with our entertainment, Netflix can drive higher engagement, revenue and profit than the competition. This in turn creates a more loved and valued entertainment company — for our members, creators and shareholders — that we can strengthen and grow over time." But rather than worry about YouTube's competition, Netflix is content to focus on the other 80% of the TV market, the company reiterated. Netflix's focus remains building its advertising business and adding streaming subscribers on the back of its strength of content.
Persons: Disney's, It's Organizations: Netflix, Paramount Global, Skydance Media, Warner Bros, NBA, Nielsen, YouTube, Warner, Disney Locations: U.S
Penn Entertainment will lay off about 100 employees as it focuses on growth for ESPNBet. "This led us to temporarily set aside any potential organizational changes that would typically follow a major acquisition." Penn went on to say it's embarking on a new phase of growth in its interactive business, which include ESPNBet, a $2 billion branding partnership with Disney's ESPN. Penn's release of new ESPNBet features this fall during football season should meaningfully improve its product, Jonas said, and a focus on costs indicate the company's commitment to seeing its investment yield results. Truist has a buy rating on Penn and a price target of $25.
Persons: Jay Snowden, theScore, Snowden, Penn, it's, Barry Jonas, Jonas, Truist Organizations: ESPN, Penn Entertainment, ESPNBet, PENN, CNBC, Disney's ESPN, Donerail, Penn, ESPN Bet Locations: New York
YouTube just took a big victory lap
  + stars: | 2024-07-17 | by ( Amanda Perelli | ) www.businessinsider.com   time to read: +5 min
Their answers have rarely surprised me, and I've heard the phrase, "YouTube is king," too many times to count. YouTube didn't always exude confidenceMusical.ly's 2018 TikTok rebrand launched the platform into stardom, shifting creator and audience attention away from YouTube. AdvertisementThe rise of TikTok forced YouTube to fight for eyeballs by introducing its own short-video feature, YouTube Shorts, in 2021 and developing a new team of partner managers and programs to recruit and retain talent. YouTube Shorts hosted a parking-lot-sized drive-thru activation at VidCon 2022, when TikTok was the title sponsor. With all this, it's no surprise YouTube seems to be taking a victory lap around its competitors.
Persons: , I've, influencers, TikTok, Addison Rae, YouTube isn't, TikTok —, VidCon's, JP Mangalindan, Morgan Stanley, Influencers, they'd, It's, Lucia Moses, it's Organizations: Service, YouTube, Business, Nielsen, Netflix, Spotify, Apple, Disney
Hacking group Nullbulge said it published internal Slack information from "almost 10,000 channels." AdvertisementAn apparent leak has made messages, files, code, and other data from Disney's internal Slack public. In it, it said people could gain details on Disney's planned projects, some log-in information, and more, all taken from the company Slack messaging system. Business Insider couldn't verify Nullbulge's claims regarding the size of the hack. This story is available exclusively to Business Insider subscribers.
Persons: , Nullbulge, Slack Organizations: Disney, Service, Street Journal, Business
Kids increasingly prefer to zone out for hours watching free short-form videos instead of full-length TV episodes and movies. In April, Nielsen estimated, kids 2 to 11 watched three times as much YouTube as Disney+ content. Kids watching Disney clips on YouTube may have no need for Disney+. 5 spot for kids' entertainment on YouTube in 2023, according to Tubular, a social video analytics company. Kids preferring short-form videos on YouTube over full-length episodes and movies is a problem that Disney doesn't seem to be able to solve.
Persons: Bob Iger, Bob Chapek's, Iger, Taylor Swift, Nelson Peltz, Disney, Alexia Raven, it's, Gen Alpha, , Liz Huszarik, Nick Macknight, King, Aladdin, Justin Timberlake, Zendaya, Ariel, Bernstein, Discovery's Max, Florida's Gov, Ron DeSantis, Macknight, Lucia Moses Organizations: Disney, Epic Games, Investors, Disney Channel, Nielsen, YouTube, Warner Bros, Discovery, Media, Comcast, Paramount, Google, Netflix, Moonbug Entertainment, Disney's, Hulu, Marvel, Lucasfilm, Florida's, Pixar, Dallas, Business Locations: WarnerMedia, Dallas
History, however, is why some say they wouldn't dream of living in one particular house in the heart of New Orleans' French Quarter. Later that day, the Zillow listing said the property, wnown as the LaLaurie Mansion, was already "pending sale," which broker Patrick Knudsen confirmed to Business Insider. Regions Bank scooped up the mansion for $2.3 million at auction before selling it to Whalen a year later. AdvertisementThe property has a dark history of torture and slaveryAs the Journal reported, the home was built to replace the original LaLaurie Mansion, which burned down in 1834. AdvertisementThe original LaLaurie Mansion was ransacked and destroyed when people found out the owner was torturing people inside.
Persons: , Michael Whalen, Patrick Knudsen, Whalen, Nicolas Cage, Cage, Delphine LaLaurie Organizations: Service, Street, Business, Blum, Regions Bank, British, Post, New, University of New Locations: New Orleans, Houston, University of New Orleans
Julius Onah will direct the fourth Cap film, "Captain America: Brave New World" (previously titled "New World Order"). AdvertisementAnthony Mackie will be joined by familiar faces from the MCU and new additionsMackie, Carl Lumbly, and Danny Ramirez star in "Captain America: Brave New World, directed by Julius Onah. AdvertisementGiancarlo Esposito will make his MCU debut as a villainGiancarlo Esposito plays a mysterious, villainous character in "Captain America: Brave New World." 'Captain America: Brave New World' is set for release on February 14, 2025Harrison Ford and Anthony Mackie costar in "Captain America: Brave New World." Then in May, The Hollywood Reporter said that "Brave New World" would undergo reshoots over the course of 22 days.
Persons: , America, Anthony Mackie, Mackie, I've, Julius Onah, Carl Lumbly, Danny Ramirez, Corey Nickols, Isaiah Bradley, Joaquin Torres, Tim Blake Nelson, Samuel Sterns, He's, Liv Tyler, Betty Ross, Thaddeus Ross, Shira Haas, Sabra, Xosha Roquemore, Sebastian Stan, Bucky Barnes, Mackie's, he'll, Florence Pugh's Yelena Belova, David Harbour's, Wyatt Russell's, Anthony, Stan, Chris Evans, Steve Rogers, Variety, Chris, I'm, Sebastian, Wyatt, Harrison Ford, William Hurt, Ford, Ross, Sam Wilson, Kevin Feige, Tim Blake Nelson's, Stern, Bruce Banner's, Sam, Onah, Brandon Davis, Giancarlo Esposito, Esposito, he'd, Jesse Grant, Eli Adé, Marvel Studios Onah, Marvel, Matthew Orton, Hulk, Haas, Ruth Bat Organizations: Service, Disney, Marvel, Business, Guardian, Entertainment, Marvel Studios, America, Universal Pictures, ComicBook.com, Hollywood Reporter, Government Locations: Anaheim , California, United States, CCXP, Brazil, CinemaCon
Tokyo Disneyland's owner, Oriental Land, will invest $2 billion to bring Disney cruises to Japan. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTokyo Disneyland's owner is doubling down on the Disney magic with a new investment in cruises. Oriental Land, which owns and operates Disney Resorts in Tokyo, said on Tuesday it will invest $2 billion to launch Disney cruises in Japan.
Persons: Organizations: Disney, Service, Disney Resorts, Walt Disney Company, Business Locations: Tokyo, Oriental, Japan
Read previewPresident Joe Biden canceled an early evening meeting with the German chancellor Olaf Scholz at the last minute because he had to go to bed, according to a report by The Wall Street Journal. According to the report, the chancellor and his aides were surprised by Biden's absence and Blinken's appearance. Related storiesThe Journal report said that the White House has consistently reduced Biden's daily schedule and shielded him from impromptu meetings. AdvertisementBoth CNN and The New York Times have reported that Biden told governors he needed to get more sleep and stop holding events after 8 p.m. The White House has not responded to these claims.
Persons: , Joe Biden, Olaf Scholz, Antony Blinken, Biden, Axios, Donald Trump, ABC's George Stephanopolous, Abigail Disney, Walt Disney's grandniece Organizations: Service, Wall Street, Business, State Department, White, CNN, The New York Times, Democratic, Senate Foreign Relations, Trump, Alliance, Biden Locations: Germany, Ukraine, China, Russia, Washington
In past years, media companies chased high subscriber numbers in an attempt to best each other. Nathaniel S. Butler | National Basketball Association | Getty ImagesWith the NBA's media rights negotiations still ongoing, sports will remain a topic of conversation at this year's gathering. League commissioners, especially the NFL's Roger Goodell, are often attendees of the Sun Valley conference. Discovery has been weighing whether to match a competing offer for the media rights as the league looks to finalize smaller package deals. Sports remain the glue holding the traditional pay-TV bundle together, and has proven invaluable for streaming services, too.
Persons: Drew Angerer, Discovery's David Zaslav, Bob Iger, Dana Walden, Alan Bergman, Josh D'Amaro, Hugh Johnston, Ted Sarandos, Greg Peters, Andy Jassy, Jeff Bezos, Tim Cook, it's, Shari Redstone, Neil Begley, Redstone, David A, Barry Diller —, Paramount —, Jeff Shell, Max, Jonathan Miller, Begley, Sun, Mark Boidman, Dwyane Wade, Nathaniel S, Butler, Roger Goodell, Miller, Donald Trump, Joe Biden, Andrew Harnik Organizations: Getty Images Media, titans, Allen, Co, Warner Bros, Netflix, Apple, Amusements, Paramount Global, Paramount, Moody's Investors Services, Co . Media, Technology Conference, Grogan, CNBC, Media, Shell, Disney, Hulu, ESPN, Fox Corp, Integrated Media, Hollywood, Solomon Partners, Sports, NBA, National Basketball Association, Getty, League, Sun, NFL, YouTube, Amazon Locations: Sun Valley , Idaho, Sun, Idaho, Atlanta
The Cabins at Disney's Fort Wilderness Resort offers a high-end twist on camping. The Disney World property consists of 500-square-foot cabins that sleep up to six. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOn Monday, Disney World opened the first phase of The Cabins at Disney's Fort Wilderness Resort, a luxurious twist on traditional camping. Fort Wilderness is one of the Orlando theme park's original lodging options, but the older log cabins have now been replaced with new, colorful ones.
Persons: Organizations: Wilderness, Disney, Service, Disney World, Business
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