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☆ Matthew Lillard turned down 'Dancing with the Stars' because he worried it would ruin his chances of someday winning an Oscar
▼ + stars: | 2024-11-05 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +3 min

Matthew Lillard starred as Shaggy in two "Scooby-Doo" movies, but Warner Bros. scrapped its sequel plans. With his career on a downturn, he considered accepting an offer to join "Dancing with the Stars." AdvertisementMatthew Lillard almost went on "Dancing with the Stars," but his decision to turn it down marked a major turning point in his career. 1 on the call sheet for the next 10 years of movies," Lillard told BI of his expectations at the time. And I was like, if I do 'Dancing with the Stars,' I'll never win an Academy Award," Lillard recalled.

Persons: Matthew Lillard, Shaggy, —, Lillard, Warner, I'd, Michael Buckner, William Afton, He'll, Mike Flanagan's buzzy, Chuck Organizations: Warner Bros, Service, Business, WB, Variety Locations: Hollywood, Universal's

There are many commemorations that mark important milestones for queer people and their allies: Pride Month, LGBTQ History Month, Lesbian Visibility Week and Transgender Day of Remembrance, among many others. For celebrities and others in the public spotlight though, coming out also means sharing their sexuality or gender identity with millions of people around the world. Here are a few of the people who have come out so far in 2024. Heidi Gutman / NBCU Photo Bank via Getty Images fileJulia FoxActor and author Julia Fox appeared to come out as a lesbian in a TikTok video shared in July. Stefania D'Alessandro / WireImage fileBruce Joel Rubin“Ghost” screenwriter Bruce Joel Rubin proved in June that it’s never too late to come out.

Persons: Reneé Rapp, Chappell Roan, Sophia Bush, Ashlyn Harris, “ I’ve, ”, ” Sophia Bush, Dimitrios Kambouris, Amber Ruffin, “, ” Ruffin, ” Amber Ruffin, Heidi Gutman, Julia Fox, Fox, Emily Gracin, ” Fox, Ye, Rachpoot, Bauer, Griffin, Maren Morris Singer Maren Morris, Tucker Carlson, Maren Morris, Jim Bennett, Trey Cunningham, he’s, Cunningham, Louisa Jacobson, Louisa Jacobson’s, Jacobson, Oscar, Meryl Streep, Christopher Polk, Zamata, Michael Buckner, Amanda Tori Meating, ” Meating, she’s, Richard Shotwell, Maya Massafera, Massafera poignantly, Roberto Cavalli, Stefania D'Alessandro, Bruce Joel Rubin, it’s Organizations: Pride, Getty, Fox News, U.S, The New York Times, Times, Glasgow . MI, New York Times, Lesbian, Variety, Entertainment, Vogue, Hollywood, Guardian Locations: Glasgow, Milan

☆ Internet celebrities are facing an era of reckoning — and their fans are tired of forgiving them
▼ + stars: | 2024-08-23 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

An era of cancel culture in the late 2010s saw creators rise and fall, most notably with what was dubbed "Karmageddon." Fans feel dupedOver the past few weeks, some major internet stars have come under fire. "Fans are no longer passive consumers of content; they are active participants in holding creators accountable for their past and present actions," she said. This, she said, reflects "a broader cultural fatigue with the constant churn of content creators who appear authentic only to later reveal problematic pasts." AdvertisementRecovery is a delicate balanceCessie Cerrato, a publicist and influencer marketing strategist who founded Cessie C. Communications, told BI that fans are tired of forgiving their favorite online celebrities.

Persons: —, They're, Cody Ko, Tana Mongeau, Ko, cohost Brooke Schofield, Schofield, Katya Varbanova, MrBeast, Jimmy, Donaldson, Ava Tyson, Kevin Mazur, Varbanova, else's, Alix Earle, Natacha Rousseau, influencers, Rousseau, he's, Cessie, Mikayla Nogueira, mascara, Cerrato, Michael Buckner, Jasmine Bloemhof, Bloemhof Organizations: Service, Business, Communications, Brands, PR Locations: LA

☆ Meet the mastermind behind 'Mamma Mia!' — the musical that's been playing in London for 25 years
▼ + stars: | 2024-07-28 | by ( Chris Johnston | ) www.businessinsider.com time to read: +9 min

"Mamma Mia!" AdvertisementBjorn Ulvaeus and Benny Andersson at the London premiere of "Mamma Mia! "Mamma Mia!" Dave M. Benett/Getty ImagesThe film's huge success meant a sequel was always on the cards — and "Mamma Mia! musical, Craymer had a stint as chair of Universal Music that spanned its stock market debut in September 2021.

Persons: —, Meryl Streep, Pierce Brosnan, Colin Firth, Judy Craymer, Mia, Craymer, Benny Andersson, Björn Ulvaeus, Abba, Tim Rice, Cramer didn't, Bjorn Ulvaeus, Wiktor Szymanowicz, Catherine Johnson, Phyllida Lloyd, Johnson, Lloyd, Andersson, Ulvaeus, I'm, — I'm, they're, Streep, Donna, Bertolt Brecht's, Courage, Ashley Lilley, Amanda Seyfried, Stellan Skarsgård, Julie Walters, Dominic Cooper, Dave M, Cher, Mamma Mia, Meryl, Pierce, Cameron Mackintosh, Andrew Lloyd Webber, Bruce Milton Miller, Richard East, Taylor Swift, Lucian Grainge, Michael Buckner Organizations: Service, Business, London, Cher, London's Guildhall School of Drama, Fairfax Media, Universal, Variety Locations: London, Swedish, New York, Cannes, North America, Sweden

☆ There are 23 artists who have been featured on a Taylor Swift song — here they all are
▼ + stars: | 2024-05-03 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +1 min

Colbie CaillatColbie Caillat and Taylor Swift backstage at the 2008 American Music Awards. Michael Buckner/Getty Images for AMASongs: "Breathe," "Breathe (Taylor's Version)"Albums: "Fearless," "Fearless (Taylor's Version)"Backstory: Colbie Caillat, best known for hits like "Bubbly" and "Lucky," was the first artist ever to be featured on a Taylor Swift album after the two singers met in Nashville. In 2021, when Swift announced that "Fearless" would be her first rerecorded album, fans were thrilled that Caillat had also returned to rerecord her vocals. "Singing it again reminded me what a beautiful song it is, and that we can all relate to it at different times in our lives," she added. "I know this is a special song for Taylor."

Persons: Colbie Caillat Colbie Caillat, Taylor Swift, Michael Buckner, Colbie Caillat, Taylor, Caillat, Swift Organizations: Getty Locations: Nashville

☆ Why people hated Anne Hathaway, as the actor speaks out about "Hathahate" over a decade on
▼ + stars: | 2024-03-26 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +5 min

Read previewAnne Hathaway has spoken out about losing movie roles over the "Hathahate" phenomenon that unfolded over a decade ago. In the wake of criticism, Franco threw Hathaway under the bus, and told the "Late Show with David Letterman" that year: "Anne Hathaway is so energetic, I think the Tasmanian Devil would look stoned standing next to Anne Hathaway." Anne Hathaway changed her mind three hours before the Oscars to wear this white Prada dress. Christopher Nolan and Anne Hathaway. Matthew McConaughey and Anne Hathaway in "Interstellar."

Persons: —, Anne Hathaway, Hathaway, hadn't, Oscar, Anne Hathaway's, James Franco, Kevin Winter, — Hathaway, Franco, David Letterman, Christopher Nolan's, Jason Merritt, It's, Brie Larson, Rachel Zegler, Christopher Nolan, Julien De Rosa, Michael Buckner, didn't, Nolan, Matthew McConaughey Organizations: Service, Business, Getty, Huffington, Paramount Locations: AFP

☆ 19 things you probably don't know about 'The Hills'
▼ + stars: | 2024-02-02 | by ( Arielle Tschinkel | ) www.businessinsider.com time to read: +1 min

Both of Brody Jenner's big relationships on the show were mostly smoke and mirrors. Getty/Michael Buckner"Brody and I were always more friends than anything," Conrad told Us Weekly in 2016. "It was one of those things where producers really wanted us to be together, and we both knew we didn't have that kind of chemistry." "Literally, we would film a scene of us kissing and being in this lovey-dovey scene, and then right after it'd be like, 'Cut!' and we'd be like, 'OK, good to see you,' and go our separate ways," he told Entertainment Tonight in 2011.

Persons: Brody Jenner's, Michael Buckner, Brody, Conrad, Jenner, it'd, Kristin Cavallari, Bethenny Frankel Organizations: Getty, Us, Entertainment Locations: Beach

☆ Ayo Edebiri: Why ‘The Bear’ star is ruling the red carpet
▼ + stars: | 2024-01-16 | by ( Nicole Mowbray | ) edition.cnn.com time to read: +4 min

CNN —The breakout star of hit series “The Bear,” has proven that her ability to dazzle extends well beyond the screen. Over the last two weeks, Ayo Edebiri has taken home a Golden Globe, a Critics’ Choice award and a Primetime Emmy for her portrayal of Sydney Adamu — swapping her chef’s whites for some seriously good red carpet looks. The 28-year-old, Boston-born actor has been bringing joy to the red carpet for a couple of years now, with her adventurous approach to red carpet dressing. Neilson Barnard/Getty ImagesThe Critics Choice Awards on January 14, 2024, called for a white suit by The Row. Amy Sussman/WireImage/Getty ImagesIn Thom Browne, one of Ayo Edebiri's labels of choice, this time with a train at the Critics Choice Awards on January 15, 2023.

Persons: ”, Ayo Edebiri, Sydney Adamu —, Danielle Goldberg —, Mary, Kate, Ashley Olsen —, Kaia Gerber, Olivia Rodrigo, Greta Lee, Thom Browne, Loewe, ” Edebiri, “, that’s, Edebiri, Louis Vuitton, Neilson Barnard, Bauer, Griffin, Versace, Rodin, Steve Granitz, Schouler, Michael Buckner, Dan Doperalski, Dimitrios Kambouris, Valentino, Frazer Harrison, la, —, Amy Sussman, WireImage, Bode, Rosie Assoulin, Giambattista Valli, Mike Coppola, Loewe's, Taylor, Gilbert Flores, suiting Organizations: CNN, Globe, “, W Magazine, Getty, BAFTA Tea Party, Dior Haute Couture, Motion, Arts & Sciences, Variety, Golden Globe, Prada, Lincoln Center, Axelle, Screen, HCA Locations: Boston, Los Angeles, New York

☆ Katherine Heigl walked the Emmy Awards red carpet for the first time in 10 years — See her red-carpet style then and now.
▼ + stars: | 2024-01-16 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Katherine Heigl attended the 2024 Emmy Awards on Monday. On Monday, Heigl walked the 75th annual Primetime Emmy Awards red carpet in a strapless red gown by Reem Acra. Katherine Heigl at the 2024 Emmy Awards on January 15, 2024. At the time, Heigl wore a vintage John Hayles dress with Louboutin heels and a matching clutch designed by Oroton, per People. Katherine Heigl at the 2014 Emmy Awards in August.

Persons: Katherine Heigl, It's, Heigl, Reem Acra, —, Michael Buckner, John Hayles, Heigl wasn't, Justin Chambers, Ellen Pompeo, James Pickens Jr, Chandra Wilson, Grey's, I'm, Shonda Rhimes, Pompeo, Chambers, Bevy Smith, Scott Garfield Organizations: Service, Oroton, Fairchild, Disney, Entertainment

☆ Selena Gomez reminds us of the elegance of elbow gloves at the 2023 Academy Museum Gala
▼ + stars: | 2023-12-04 | by ( Leah Dolan | ) edition.cnn.com time to read: +3 min

CNN —At the 2023 Academy Museum Gala in Los Angeles last night, not one, but three celebrities arrived in a decidedly retro accessory: Evening gloves. First popularized in the 16th century, the opera glove (usually categorized as being between 19 and 23 inches in length) has long been a dependable garment to elevate and exaggerate any ensemble. Gomez wore her accessories over her opera gloves. Marilyn Monroe created an iconic opera gloves moment, teaming them with a bustier dress in the 1953 movie "Gentlemen Prefer Blondes." For its latest Fall-Winter 2023 campaign, Versace dressed down a pair of black croc-effect leather elbow gloves with blue denim jeans.

Persons: Selena Gomez, Valentino, Cara Delevigne, Jared Leto’s, Givenchy, Gomez, Michael Buckner, Elizabeth I, Marilyn Monroe’s, ”, ” Monroe, —, Monroe, Marilyn Monroe, Bella Hadid, Anne Hathaway, Olivia Rodrigo, Zoë Kravitz, Emma D’Arcy, Mia Goth, Cambridge, Paula Rowan, Versace, Kodi Smit, McPhee, Kendall Jenner, Angela Weiss, lá Gomez Organizations: CNN, Variety, Fox Locations: Los Angeles, Shutterstock, Buckingham

☆ Red carpet fashion moments from the Billboard Music Awards
▼ + stars: | 2023-11-20 | by ( Christy Choi | ) edition.cnn.com time to read: +2 min

Gilbert Flores/Penske Media/Getty ImagesDiamonds are a girl's best friend. Canadian singer-songwriter Tate McRae wears a sheer white tank, utilitarian Givenchy kilt, black boots paired with sparkling chokers and rings. Gilbert Flores/Penske Media/Getty ImagesKnockout! Gilbert Flores/Penske Media/Getty ImagesA moment of brightness: Social media stars Anna Sitar and Josh 'Bru' Brubaker brought splashes of color to the otherwise monochromatic affair. Gilbert Flores/Penske Media/Getty Images

Persons: Mariah Carey, Karol G, Bebe Rexha, Carey, songstress Bebe Rexha, Queen, Chanel, Gilbert Flores, Tate McRae, Jermaine Dupri, Dior, Bebe, Garo Sparo, Boxer Mike Tyson accessorized, Anna, Josh ' Bru, Brubaker, Michael Buckner, Gianvito Rossi Organizations: CNN, Billboard, Penske Media, Nike Air Force Locations: California, Colombian, Canadian

☆ Disney's wildest ride: Iger, Chapek and the making of an epic succession mess
▼ + stars: | 2023-09-06 | by ( Alex Sherman | ) www.cnbc.com time to read: +88 min

Iger told Chapek that he lived for those "two-shower days," according to people familiar with the conversation. In January 2020, Iger told Chapek the plan was back on. During his 27 years at the company, Chapek had only attended one annual meeting — as a guest in the audience. Bob Iger, Disney CEO, during a CNBC interview, Feb. 9, 2023. WATCH: Disney CEO Bob Iger's exclusive July 2023 CNBC interviewTake the 'A'During Chapek's tenure as CEO, Disney lost more than a quarter of its market value.

Persons: Elham, Bob Iger, Bob Chapek, Iger, wasn't, Chapek, Michael Eisner, —, who's, he's, Clint Eastwood, Eastwood, Arthur Bochner, Jackie Hart, Kareem Daniel, Chapek —, Eisner, Michael Ovitz, Ovitz, Bob, Disney's, Kevin Mayer, Mayer, Bryan van der Beek, he'd, Tom Staggs, Staggs, Staggs —, Steve Jobs, cajoled Ike Perlmutter, George Lucas, Rupert Murdoch, Iger's, Susan Arnold, Arnold, Peter Rice, David Paul Morris, Rice, CNBC's Julia Boorstin, Mark Parker, Mary Barra, Michael Froman, Willow, Parker, John Donahoe, Roy Disney, Walt Disney, Stanley Gold, David A, CNBC Eisner, Big Bob, Little Bob, Christine McCarthy, Patrick T, He'd, McCarthy, Iger —, Coronavirus, Gavin Newsom, Michael Kovac, curtly, Nancy Pelosi, Chuck Schumer, Ben Smith, Smith, Disney, Randy Shropshire, Agnes Chu, Ricky Strauss, Chu, Strauss, Kevin Feige, Kathleen Kennedy, Who's, Alan Bergman, Bergman, Bob Kyncl, Daniel —, Iger didn't, Daniel rankled, Daniel, Chapek didn't, James Pitaro, Jesse Grant, CNBC Chapek, Jimmy Pitaro, Zenia Mucha, didn't, Mucha, Barbara Walters, Charles Eshelman, Scarlett Johansson, Scarlett Johansson —, Florence Pugh, Natasha, Yelena, " Johansson, Bryan Lourd, Johansson, Lourd, Steven Spielberg, Al Michaels, David Muir, Robin Roberts, Michael Strahan, Spielberg, Geoff Morrell, Alan Braverman, Alan Horn, Jayne Parker, Bochner, Claire Lee, Paul Richardson, Josh D'Amaro, Ron DeSantis, Morrell, Disney Animation —, George Floyd, Reba Saldanha, Reuters Chapek, DeSantis, Nicholas Maldonado, Octavio Jones, Chapek she'd, we're, " Morrell, CNN's Chris Wallace, Kristina Schake, John Skipper, Daniel steamrolled, Latondra Newton, Newton, Charles Krupa, Pitaro, NBCUniversal's Peacock, Dana Walden, Thomas Murphy, Josh Kushner, Privately, Schake, Barack Obama, Michelle Obama, Michelle Obama's, David Dee Delgado, Kara Swisher, hadn't, Netflix's, overhiring, McCarthy hadn't, Safra Catz, Kareem, DMED, Horacio Gutierrez, Justin Warbrooke, Alexia Quadrani, Bryan Castellani, Michael Buckner, Quadrani, Lindsay Lohan, Winnie, Nelson Peltz, Catz, Donald Trump's, they'd, Walden, Gutierrez, D'Amaro, Rich Polk, Walden he'd, Iger she'd, Mickey Mouse, Mark Rightmire, haven't, Indiana Jones, Halle Bailey, Ariel, Hamilton Faber, Rich Greenfield, Bob Iger's, — Mayer, McCarthy —, doesn't, they'll Organizations: Disney, Marvel, CNBC, Bloomberg, Getty, Walt Disney, Indiana University, Michigan State University, Shanghai Disney, Man, Hong Kong Disneyland, Walt Disney Parks, Resorts, Pixar, Fox, Chapek, Nike, General, Mastercard, Foreign Relations, University of Pennsylvania, Grogan, Disney's, Fallon, ABC, ESPN, ABC News, California Gov, New York Times, Disney confidants, Hollywood, Marvel Studios, Lucasfilm, Walt Disney Television, Walt Disney Studios, Hulu, HBO Max, Walt Disney Company, YouTube, Companies, Netflix, Apple, Disney Media, Entertainment, Stanford, Rights, Junior, petulant, Filmmagic, Brunswick Group, Covid, CAA, onetime Defense Department, Century Fox, Human, Florida Gov, Republican, Disney Animation, Reuters, Human Rights, HRC, Walt Disney World, Employees, American Foundation for Equal Rights, AP, Amazon Prime, Paramount, South Pacific, Capital Cities, Dow Jones, CVS, Kingdom, Variety, Trian Partners, Charter Communications, U.S, Comcast, Charter's, MediaNews, Orange, Allen, Co, Candle Media, Advisors Locations: Burbank , California, Midwestern, Brentwood, Los Angeles, Westlake Village, Iger, Hammond , Indiana, Shanghai, China, Hong, Fox, Willow Bay, Raleigh , North Carolina, Orlando, U.S, Hulu, Iger's Brentwood, coronavirus, Brunswick, Hollywood, Hawaii, Disney's, Marvel's, Anaheim , California, Montana, Florida, Rye , New Hampshire, Chapek, Hong Kong, California, missteps, South, DMED, Burbank, New York, India, Atlantic, Sun Valley , Idaho, America

☆ Warren Buffett, Michael Burry, and other top investors revealed striking portfolio changes this week. Here are 4 key trades.
▼ + stars: | 2023-08-19 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Getty Images / Michael BucknerWarren Buffett's Berkshire Hathaway established stakes in a trio of homebuilders last quarter: Lennar, NVR, and DR Horton. The positions were worth a combined $814 million — a small bet in the context of Berkshire's roughly $350 billion stock portfolio. Buffett's portfolio managers, Todd Combs and Ted Weschler, were likely behind the purchases given their size. On the other hand, it exited its wagers on McKesson, Marsh & McLennan, and Vitesse Energy in the period. Buffett and his team also pared their positions in Activision Blizzard, Chevron, Celanese, General Motors, and Globe Life.

Persons: Warren Buffett Warren Buffett, Michael Buckner Warren, Berkshire Hathaway, DR, Todd Combs, Ted Weschler, Buffett Organizations: Getty, Capital, Occidental Petroleum, McLennan, Vitesse Energy, Activision Blizzard, Chevron, General Motors, Globe Locations: Capital One, Marsh, Celanese

☆ Greta Gerwig got a ‘Barbie’ flash mob from Ryan Gosling for her birthday
▼ + stars: | 2023-08-07 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —Ryan Gosling knew just what to get his “Barbie” director Greta Gerwig for her birthday. According to the movie’s verified Instagram account, the actor, who portrayed Ken in the hit film, sent Gerwig a flash mob in honor of her special day. “Ken Ryan sent these special Barbies and Kens to start Greta’s birthday with all the feelings! !”Greta Gerwig and Ryan Gosling at the premiere of "Barbie" held at Shrine Auditorium and Expo Hall on July 9, 2023 in Los Angeles, California. At the end the group yelled, “Happy birthday, Greta!”Gerwig, appeared to get emotional, called it “beautiful” and gave out hugs to the flash mob members.

Persons: CNN — Ryan Gosling, Barbie, Greta Gerwig, Ken, “ Ken Ryan, Kens, Ryan Gosling, Michael Buckner, “ I’m, Ken ”, Greta, ” Organizations: CNN, Auditorium, Variety Locations: Los Angeles , California

☆ Amazon plans to reboot its struggling Alexa business by working on its own ChatGPT-like technology, leaked document shows
▼ + stars: | 2023-05-02 | by ( Eugene Kim | ) www.businessinsider.com time to read: +7 min

One of its ideas is to add entertainment features for Prime Video search and recommendations. "It feels like Alexa is thinking vs. fetching from a database," the document, titled "Alexa LLM Entertainment Use Cases," said. The document focused on new entertainment features for Alexa, including more conversational video search, personal recommendations, and storytelling and news-reading capabilities. When the user asks about one of the recommended shows — Paramount+'s "Younger" is the example used in the document — Alexa shares a one-line summary. 'World's best personal assistant'Other video search features listed in the document include semantic search and personal recommendations.

☆ Harry Belafonte, calypso star and civil rights champion, dies at 96
▼ + stars: | 2023-04-25 | by ( Alex Johnson | Diana Dasrath | ) www.cnbc.com time to read: +9 min

Singer Harry Belafonte speaks during a press junket at The Bing Decision Maker Series with the Sing Your Song Cast and Filmmakers on January 22, 2011 in Park City, Utah. American singer Harry Belafonte performing in a recording studio, circa 1957. By the early 1960s, Belafonte had become a force in the civil rights movement. A crowd of over 10,000 civil rights marchers gathers in the Manhattan Garment Center as Harry Belafonte sings at spiritual at a civil rights rally. A capacity audience of civil rights advocates turned out to watch a glittering array of theater personalities perform.

☆ Tesla's price cuts highlight Elon Musk's last advantage in the EV business
▼ + stars: | 2023-04-23 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

Teslas are cheaper than everA Tesla Model Y. Patrick Pleul/Getty ImagesIn the market for a new car? Elon Musk's hoping that recent price cuts might turn you on to a Tesla. The billionaire might just be turning to his one remaining advantage in the EV business. But Tesla can cut prices and still deliver profits, something rival automakers struggle to do in their EV businesses. While Tesla investors are worrying about profits, Musk's rivals have their own reasons to be concerned, Stephen Beck, founder and managing partner of consultancy cg42, told Insider.

☆ Leaked Amazon memo shows plans to reduce employee stock awards in 2025
▼ + stars: | 2023-04-06 | by ( Asia Martin | ) www.businessinsider.com time to read: +4 min

Leaked Amazon memo shows plans to reduce employee stock awards in 2025. The company is considering increasing the cash portion of compensation to help cushion employees against its stock price going down in the future. In other news:The late Cash App founder Bob Lee. Cash App creator Bob Lee died after a reported stabbing in San Francisco Tuesday. Silicon Valley is grieving the loss of the founder of Cash App and the former chief technology officer at Square.

☆ We're fed up after Disney's terrible quarter and streaming losses. It's time for some big changes
▼ + stars: | 2022-11-08 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Operating income fell 91% to $83 million mostly due to higher than expected losses from the Direct-to-Consumer business. In better news, Disney ended Q4 with 164.2 million Disney+ subscribers, up 12.1 million from the prior quarter and well above estimates of about 160.45 million. Bundling has a negative effect on ARPUs, and Disney said Tuesday evening that bundled and multiproduct offerings now make up over 40% of domestic Disney+ subscribers. In terms of subscribers, Disney sees core Disney+ subscribers slightly increasing in its first quarter, though Disney+ Hotstar is expected to lose subs due to the absence of the Indian Premier League Cricket rights. After checking consensus estimates, this is a terrible miss compared to expectations of sales growing by 11% and operating income increasing by 17%.

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