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An appeals court in Pakistan suspended former Prime Minister Imran Khan’s three-year prison sentence on Tuesday, the latest twist in a political showdown between Mr. Khan and leaders of the powerful military establishment who appear intent on sidelining him from politics. Mr. Khan had been arrested earlier this month after a trial court gave him the three-year term in a corruption case — a sentence that the Islamabad High Court suspended on Tuesday after an appeal by Mr. Khan’s legal team. It was not immediately clear on what grounds the court had suspended the sentence, or whether he would be promptly released from prison. The possibility that Mr. Khan could remain behind bars or be rearrested after he is released looms over him. He faces dozens of court cases, part of what he and his allies have characterized as a coordinated effort by the military to keep him out of politics.
Persons: Imran Khan’s, Khan Organizations: Court Locations: Pakistan, Islamabad
But Indian billionaire Mukesh Ambani snatched IPL rights away in a $2.9 billion bid last year, and then streamed games for free. Soon, Disney subscribers fled - out of 61 million users in October, roughly 21 million had left by July. It retains digital streaming rights but last year licensed the TV broadcast rights to Indian's Zee Entertainment (ZEE.NS) for around $1.5 billion, a source said. In the United States, ad-free Disney+ streaming service subscription rates are set to rise by 27% to $13.99 per month. By contrast in India, Disney+ Hotstar service costs $3.62 a month.
Persons: Anushree, India's Ambani Hotstar, Walt Disney, Disney, Mukesh Ambani, That's, JioCinema, Sivanandan, Daoud Jackson, Bob Iger's, Nancy Lee, Ambani, Aditya Kalra, Munsif, Dawn Chmielewski, Muralikumar Organizations: ICC Men's Cricket, REUTERS, Companies Disney India, Century Fox, Indian Premier League, Disney, Reuters, Asia, Cricket, Indian's Zee Entertainment, IPL, Blume Ventures, Hotstar, Staff, Media Partners, Netflix, JioCinema, Thomson Locations: Gurugram, India, Burbank, Disney India, United States, New Delhi, Bengaluru, Dawn, Los Angeles
Former Pakistani Prime Minister Imran Khan pauses as he speaks with Reuters during an interview, in Lahore, Pakistan March 17, 2023. REUTERS/Akhtar Soomro/File Photo Acquire Licensing RightsISLAMABAD, Aug 28 (Reuters) - A Pakistani court dismissed murder abetment charges against former Prime Minister Imran Khan on Monday, his lawyer said, providing some relief for the cricket hero turned politician who was jailed on corruption charges earlier this month. Khan had been charged in June with abetting the murder of Supreme Court lawyer Abdul Razzaq, who was killed in a drive-by shooting in the southwestern city of Quetta in the same month. Razzaq's son had accused Khan of being behind his father's murder. The political turmoil has caught Pakistan while the country has been struggling through one of its worst economic crises.
Persons: Imran Khan, Akhtar Soomro, Khan, Abdul Razzaq, Razzaq's, Naeem Panjutha, wasn't, Razzaq, Asif Shahzad, Simon Cameron, Moore Organizations: Pakistani, Reuters, REUTERS, Rights, Twitter, Thomson Locations: Lahore, Pakistan, Rights ISLAMABAD, Quetta, Islamabad
BUDAPEST, Aug 27 (Reuters) - Olympic champion Neeraj Chopra became the first Indian to win a gold medal at the World Athletics Championships when he pipped Pakistan's Arshad Nadeem in the men's javelin on Sunday with an 88.17 metre effort in the final. Chopra won Olympic gold in Tokyo but managed only a silver at the worlds in Eugene last year. After the Olympic gold I really wanted to win the world championships. This is brilliant for the national team but it was my dream to win gold at the world championships," Chopra said. "I wanted to throw more than 90m tonight but it needs all parts of the puzzle to be there.
Persons: Neeraj Chopra, pipped Pakistan's Arshad Nadeem, Chopra, Bobby George, Pakistan's Nadeem, Jakub Vadlejch, Nadeem, Julian Weber, Vadlejch, Kishore Jena, DP Manu, Rohith Nair, Pritha Sarkar, Toby Davis Organizations: Olympic, DP, Thomson Locations: BUDAPEST, Tokyo, Eugene, Paris, Czech, India, Pakistan, Budapest, Germany, Bengaluru
People in Mumbai celebrate the successful lunar landing of Chandrayaan-3 on the south pole of the Moon on August 23. Chandrayaan-3’s journeyAs Chandrayaan-3 approached the moon, its cameras captured photographs, including one taken on August 20 that India’s space agency shared Tuesday. India’s lunar lander consists of three parts: a lander, rover and propulsion module, which provided the spacecraft all the thrust required to traverse the 384,400-kilometer (238,855-mile) void between the moon and Earth. The lander, called Vikram, completed the precision maneuvers required to make a soft touchdown on the lunar surface after it was ejected from the propulsion module. A view of the moon as viewed by the Chandrayaan-3 lander during Lunar Orbit Insertion on August 5, 2023.
Persons: Vikram, India’s, , Somanath, Abhishek Chinnappa, , Ashish Kumar Verma, Charvi Katare, Shah Rukh Khan, Sachin Tendulkar, “ Humble, Ursula von der Leyen, Narendra Modi, Russia’s Luna, Indranil Mukherjee, Modi, Jaishankar, Sergey Lavrov, ” Lavrov, Somnath, Bill Nelson Organizations: New, New Delhi CNN, Wednesday, Indian Space Research Organization, ISRO, Indian Space Research Organisation, of Scientific, Industrial Research, Twitter, European Union, Russia –, Soviet Union, Workers, Getty Images, ” India’s, NASA Locations: New Delhi, India, Sikh, Mumbai, , Russia, United States, China, Washington, assertiveness, Ukraine, Delhi, Moscow, South Africa, Johannesburg
CNN —Millions in India will be cheering on the teen chess prodigy known as Pragg as he takes on Norwegian grandmaster Magnus Carlsen for the title of World Chess Champion on Tuesday. Born and raised in Chennai in southern India, Praggnanandhaa took an interest in the game after his older sister, Vaishali, started playing at age 6. Then, in 2016, he created history after winning his ninth round game at the KIIT International Chess Festival in Bhubaneswar, India. Arun Sankar/AFP/Getty Images/FilePraggnanandhaa earned his third international master norm, an achievement handed out for high level of performance in a tournament. Having earned two previous norms already, at the age of 10 years, 10 months and 19 days, he became an international chess master – the youngest ever.
Persons: Magnus Carlsen, Rameshbabu Praggnanandhaa, Fabiano Caruana, Praggnanandhaa, Carlsen, Narendra Modi, Sachin Tendulkar, ” Praggnanandhaa, Vaishali, Andrzej Iwanczuk, , Arun Sankar, Organizations: CNN, CNN Sport, Bloom, KIIT, Getty Locations: India, Baku, Azerbaijan, Chennai, Vaishali, Warsaw, Poland, Bhubaneswar, Indian,
In 2022, there were only about 1.4 million visitors, according to data provided by the government, still considerably below pre-pandemic levels. That’s why events like the Women’s World Cup are so important. Cities like Wellington and Auckland have catered to World Cup tourists by making public transportation free on game days for anyone with a match ticket. The extra effort has not gone unnoticed by tourists, especially those who have traveled to other World Cup events. Compared to the last Women’s World Cup in France, more businesses seem excited to welcome tourists, said US fan Carly Andler.
Persons: James Johnson, , ” Johnson, , Monchy, CNN’s Richard Quest, Iain Walker, Chow Tory, Chow Tory's, Tara Subramaniam, Carly Andler, Andler, we’ve Organizations: Wellington CNN — Soccer, Football Australia, Tourism, Zealand’s Ministry of Business Innovation, New Zealand, Air New Zealand, FIFA, CNN, New Zealand’s Football Ferns, Wellington Chocolate Factory, Wellington City Council Locations: Australia, New Zealand, Tourism New Zealand, New, Tourism Australia, Cities, Wellington, Auckland, Dunedin, Hamilton, United States, Costa Rica, Spanish, Swedish, Italy, Japan, Rosebud, Bundaberg, Zealand, France
CNN —It is the kind of unlikely love story that would make the scriptwriters of Asia’s biggest movie business proud. Film & Casting TempleHarman Baweja starred alongside Priyanka Chopra in “Love Story 2050,” shot in South Australia and released in 2008. “Australia realized that after ‘servicing’ Bollywood for over 13 years it was time to shift gears and move to collaboration with Indian cinema,” said Sharma. Salim MerchantChanging global appetiteOf no little importance is the growing audience for Bollywood productions in Australia. Anupam Sharma films for Australia's first ethnic reality show, "Bollywood Star," on SBS TV by WTFN.
Persons: Anthony Albanese, Narendra Modi, Tony Burke, , , Anupam Sharma, Sharma, Feroz Khan –, “ Bollywood’s Clint Eastwood ” –, I’m, , “ Prem Aggan, Khan, Harman Baweja, Priyanka Chopra, Mike Rann, Baweja, Harry Baweja, Ajay Devgan, ” Sharma, Garth Davis, Dev Patel, Nicole Kidman, David Wenham, Weinstein, ” Brothers Salim, Sulaiman Merchant, “ UnIndian, Salim Merchant, Salim, Sulaiman, Mitu Bhowmick Lange, Bhowmick Lange “, ” Bhowmick Lange, Bhowmick Lange, La Trobe, Anupam, “ Everyone’s Organizations: CNN, Asia’s, Australian, Indian Film, of Melbourne, Sydney Opera House, Baweja Studios, , Mumbai, , , Co, “ Salaam, La Trobe University, La, SBS, WTFN Locations: Australia, Delhi, Brisbane, Sydney, Australian, Melbourne, India, Lake Gairdner, South Australia, Western Australia, “ Australia, ” Australia, Canada, China, Mumbai, Victoria, China Town
(If you didn’t watch it — and the show’s undeserved lack of buzz suggests you didn’t — stream it before starting the new one. It’s 10 quick episodes, and you’ll want to be up to speed on the serialized story.) Craig has started his saw palmetto farm with Jillian, only to see the first crop threatened by another invasive swamp thing, the giant African land snail. The struggle to save the farm deepens the partnership between Craig, softhearted but realistic, and Jillian, the persistent Jiminy Cricket on his shoulder. “Killing It” shares a low-rent vibe with series like the late, raunchy “Florida Girls,” whose Melanie Field steals scenes as Craig and Jillian’s domineering assistant, Shayla.
Persons: Craig, Jillian, Dot, Marie Jones, Jackie, larcenous Boones, , Melanie Field, Shayla Organizations: palmetto, Cricket Locations: horning, Florida
Pakistan pacer Riaz announces international retirement
  + stars: | 2023-08-16 | by ( ) www.reuters.com   time to read: +1 min
Cricket - ICC Cricket World Cup - Pakistan v Bangladesh - Lord's, London, Britain - July 5, 2019 Pakistan's Wahab Riaz looks dejected after being bowled out by Bangladesh's Mohammad Saifuddin Action Images via Reuters/Paul Childs/File Photo Acquire Licensing RightsAug 16 (Reuters) - Pakistan's Wahab Riaz has retired from international cricket, drawing the curtain on a 15-year career, the left-arm fast bowler announced on Wednesday. Wahab, who made his debut in 2008, has 83 wickets in 27 tests, 120 wickets in 91 one-day internationals and 34 wickets in 36 Twenty20s. The 38-year-old said he will continue to play franchise cricket. "It has been an honour and a privilege to represent Pakistan on the international stage. Reporting by Pearl Josephine Nazare in Bengaluru; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.
Persons: Pakistan's Wahab Riaz, Bangladesh's Mohammad, Paul Childs, Wahab, Riaz, Pearl Josephine Nazare, Muralikumar Organizations: Cricket, ICC Cricket, Pakistan, Thomson Locations: Pakistan, Bangladesh, London, Britain, Bengaluru
England's Stokes comes out of ODI retirement ahead of World Cup
  + stars: | 2023-08-16 | by ( ) www.reuters.com   time to read: +2 min
Stokes retired from ODIs last July, two months after being named England's test captain, and the reversal opens the door for him to play in their 50-overs World Cup title defence in October and November. "I am certain that every fan will enjoy seeing (Stokes) back in an England ODI shirt again," national selector Luke Wright said in a statement. He also hit a match-winning unbeaten 52 to lead England to the Twenty20 World Cup title last year, with victory over Pakistan in the final in Melbourne. White-ball coach Matthew Mott had said earlier that Stokes would be welcomed back into the ODI squad with open arms. England will play four T20s against New Zealand starting on Aug. 30, followed by a four-match ODI series from Sept. 8-15They face New Zealand in their World Cup opener on Oct. 5 in Ahmedabad, India.
Persons: Ben Stokes, Australia's Pat Cummins, England's Moeen, Andrew Boyers, Stokes, Luke Wright, Matthew Mott, Gus Atkinson, Atkinson, Josh Tongue, John Turner, Hritika Sharma, Simon Jennings, Peter Rutherford Organizations: England, New Zealand, Australia, Ireland, New, Zealand, Thomson Locations: Australia, London, Britain, England, Pakistan, Melbourne, Surrey, New Zealand, Ahmedabad, India, Hyderabad
England to host Zimbabwe in one-off test in 2025
  + stars: | 2023-08-15 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Aug 15 (Reuters) - England will host Zimbabwe in a one-off four-day test match in 2025 as part of a concerted effort to improve relations between the two cricket boards, officials said on Tuesday. It will be the first time Zimbabwe travel to England for bilateral cricket since 2003, when England fast bowler James Anderson took 5-73 on his debut at Lord's. "We are committed to developing a closer relationship with Zimbabwe Cricket and the announcement of this Test against our England Men’s team is a step in that ambition," England and Wales Cricket Board (ECB) chief executive officer Richard Gould said in a media release. Zimbabwe have not played an away test against England, India or Australia since 2003. The test will be played from May 28-31 at a venue which is still to be confirmed.
Persons: James Anderson, Richard Gould, Givemore Makoni, Nick Said, Ed Osmond Organizations: Zimbabwe, Zimbabwe Cricket, England, Wales Cricket Board, ECB, Thomson Locations: England, Zimbabwe, Lord's, India, Australia
SYDNEY, Aug 15 (Reuters) - Australia and England re-engage one of the oldest and fiercest rivalries in sport when they meet with a place in the Women's World Cup final on the line at a sold out Stadium Australia on Wednesday. While England boast the pedigree as twice World Cup semi-finalists and winners of the European title last year, Australia's plucky Matildas have captured the hearts of a nation usually invested in other sports. In Dutchwoman Sarina Wiegman, they have one of the best coaches in the game and most of their players play for top clubs in highly competitive European leagues. Before Saturday's win, much of the narrative around Australia at the tournament focused on the injured calf of the one Matildas player everyone in the country knows, striker Sam Kerr. Reporting by Nick Mulvenney; Editing by Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.
Persons: Australia's, Mackenzie Arnold's, Cortnee Vine's, Sydney's, Sarina, Millie Bright, Keira Walsh, Chloe Kelly, Lauren Hemp, Saturday's, Sam Kerr, Kerr, Hayley Raso, Mary Fowler, Caitlin Foord, Wiegman, Nick Mulvenney, Peter Rutherford Organizations: SYDNEY, Australia, Sports, England, Thomson Locations: Australia, England, France, Spain, Nigeria
CNN —Australia and England will meet on Wednesday as each team looks to seal a historic Women’s World Cup final appearance. Neither side has ever qualified for a World Cup final before and in such an open tournament, both will have aspirations of going all the way. Australia vs. England begins at 6 a.m. And on Wednesday, the two will once again do battle, this time in the semifinal of the Women’s World Cup. This is first the time that Australia has contested a Women’s World Cup semifinal.
Persons: England It’s, Sarina Wiegman, Wiegman, Sam Kerr, Lauren James, Nigeria’s Michelle Alozie Organizations: CNN —, Australia, FOX Sports, Telemundo, Seven Network, Optus Sport, BBC, ITV, FIFA, England, Netball, Brisbane, Spain Locations: CNN — Australia, England, Sydney, Australia, United Kingdom, Nigeria’s, Sunday’s
Sydney CNN —Two matches stand between Australia and a historic Women’s World Cup win, and the nation – perhaps prematurely – is debating the pros and cons of a national holiday should the squad defeat Spain on Sunday. Soccer mania has swept the country in a culture where rugby, cricket and the local “Aussie Rules” football usually dominates. Australia players celebrate after winning their quarterfinal match against France in Brisbane, August 12. Zara Borcak beams as she holds the jersey Sam Kerr gave her after Saturday's match against France, August 12, 2023. Maybe it’s because the last time the country came together to fight a common cause, they were desperately trying to stay apart.
Persons: Tertius Pickard, Asanka Brendon Ratnayake, Sam Kerr, , , , Zara Borcak, Selma Borcak, Anthony Albanese, Albanese, Andrew Cornaga, Ben Crowe, Crowe, Eleanor Roosevelt, Ash Barty, it’s, ” Mackenzie Arnold of Australia, Norvik, that’s, Mackenzie Arnold, I’ve Organizations: Sydney CNN, Spain, Sunday, England, Australia, France, FIFA, Reuters Sporting, – Basketball Australia, AFL, Australian Football League, Australian Broadcasting Corporation, , NRL, , Sweden, Wimbledon, Richmond AFL Locations: Australia, France, Australia’s, United States, Brisbane, Sydney, Green, Brazil, Zara, Spain, Eden, Auckland, Denmark, Melbourne
Inside the vast sweep of the Melbourne Cricket Ground, almost nobody was paying attention to what was happening on the field. Those fans who remained in their seats were staring up at the big screens, absorbed by a game a thousand miles away. The live sporting event playing out in front of them could not compete with the appeal of the Matildas. Over the course of the last three weeks, Australia has fallen — and fallen hard — for its women’s soccer team. Images of Matildas players beam out from billboards and television screens and the front pages of every newspaper.
Organizations: Melbourne Cricket, Australian Football League, Carlton, France, soccer Locations: Melbourne, Brisbane, Australia
Los Angeles 2028 decision on new sports in next few weeks-IFAF
  + stars: | 2023-08-14 | by ( ) www.reuters.com   time to read: +2 min
An LA2028 sign is seen at the Los Angeles Coliseum to celebrate Los Angeles being awarded the 2028 Olympic Games, in Los Angeles, California, U.S., September 13, 2017. REUTERS/Lucy Nicholson/File PhotoBERLIN, Aug 14 (Reuters) - A decision on which new sports will be included in the Los Angeles 2028 Olympics is likely to come in the next few weeks, the head of the International Federation of American Football said on Monday. "We expect a decision (from LA2028 organisers) in the coming weeks," IFAF President Pierre Trochet said in a call with reporters. Flag football is banking on its support in the United States, growing popularity abroad as well as potential participation of NFL players at the Games to make it to Los Angeles. The LA 2028 organisers can decide on several sports to be included.
Persons: Lucy Nicholson, Pierre Trochet, Brett Gosper, Karolos Grohmann, Hugh Lawson Organizations: Los Angeles Coliseum, REUTERS, International Federation of American Football, . Flag, Olympic Committee, Flag, NFL, Games, breakdancing, Tokyo Games, Thomson Locations: Los Angeles, Los Angeles , California, U.S, Los, Mumbai, United States, NFL Europe
SYDNEY—Even after Australia won the rights to co-host this year’s Women’s World Cup, it was under no illusions about the sport’s place in the national pecking order. This is a country that worships cricket, and rugby, and also two other versions of rugby. Soccer falls somewhere behind that.
Persons: SYDNEY — Organizations: SYDNEY, Australia, Soccer
Fairy-tale ending will elude Disney in India
  + stars: | 2023-08-11 | by ( Shritama Bose | ) www.reuters.com   time to read: +4 min
MUMBAI, Aug 11 (Reuters Breakingviews) - India has lost its magic for Walt Disney (DIS.N). Even if boss Bob Iger can find a buyer or joint venture partner, a fairy-tale ending will elude the Magic Kingdom. The combination of changing viewing preferences and Disney’s own conservatism in streaming puts Disney India in a weak spot. The average monthly revenue per subscriber held steady at 59 cents, compared to $7.31 per subscriber in its domestic Disney+ business. Disney is exploring strategic options for its Star India business, including a joint venture or a sale, the Wall Street Journal reported on July 11, citing unnamed people familiar with the matter.
Persons: Walt Disney, pare, Bob Iger, Iger, Mukesh, Ambani, JioCinema, Una Galani, Katrina Hamlin Organizations: Reuters, Fox, Kingdom, Netflix, Indian Premier League, HBO, Disney, Disney India, Walt Disney, Star India, Wall Street, Thomson Locations: MUMBAI, India, U.S, Mumbai, United States, Canada
Disney also posted quarterly revenue below expectations and fell slightly behind analyst projections for U.S. subscribers of Disney+. A sign is shown at one of the entrances to Disney Studios in Burbank, California, U.S., July 25, 2023. It added 800,000 Disney+ subscribers, 100,000 subscribers shy of analyst estimates, and shed 12.5 million subscribers to the Disney Hotstar service in India, or nearly a quarter of its subscribers, as it gave up rights to Indian Premiere League cricket matches. Disney's direct-to-consumer business reported a 9% increase in revenue to $5.5 billion, as the average revenue per subscriber rose at Disney+ and Hulu. The unit had lower operating income at its domestic parks, due to decreases at Walt Disney World Resort in Orlando, Florida.
Persons: Walt Disney, Bob Iger, , , I've, ” Iger, Wall, Iger, Mike Blake, Jesse Cohen, Dawn Chmielewski, Chavi Mehta, Aditya Soni, Peter Henderson, Sayantani Ghosh, Matthew Lewis Organizations: ESPN, Disney, Hulu, Netflix, Disney Studios, REUTERS, Indian Premiere League, Investing.com, Shanghai Disney Resort, Walt Disney World, Thomson Locations: Hollywood, Europe, Canada, Burbank , California, U.S, India, Disney's, Orlando , Florida, Los Angeles, Bengaluru
ISLAMABAD, Aug 10 (Reuters) - Pakistan's outgoing prime minister, Shehbaz Sharif, and the leader of the opposition will on Thursday meet to pick a caretaker leader to oversee a general election due by November, a government official said. Sharif and opposition leader Raja Riaz will meet in the afternoon, said the official in the prime minister's office, who declined to be identified pending the announcement of the meeting. Under the constitution, the two have three days to reach agreement on a caretaker. If they can't, the decision will go to a parliamentary committee, and if it can't, then the Election Commission of Pakistan will decide. The lower house of parliament was dissolved on Wednesday, three days before the end of its five-year term on Aug. 12.
Persons: Shehbaz Sharif, Sharif, Raja Riaz, Imran Khan, Asif Shahzad, Robert Birsel Organizations: Thomson Locations: ISLAMABAD, Pakistan
But now, seemingly in the blink of an eye, we’re all wearing green and gold for our newest heroes, Australia’s Women’s World Cup hopefuls, the Matildas. Sam Kerr takes the ball during a FIFA World Cup 2023 round of 16 match between Australia and Denmark at Stadium Australia on August 7. “A lot of people just frankly don’t want to believe women’s sport is doing well,” Lassey told CNN. Football Australia said part of the rationale for bringing the Women’s World Cup to Australia was to use it to grow the women’s game – backed by a 357 million Australian dollar ($232 million) FIFA legacy fund. Argus says the World Cup is a turning point for women’s sport because the turnout and viewing numbers have proven that there’s an enthusiastic audience.
Persons: Barbie, Margot Robbie, Greta Gerwig, Australia’s, they’ve, Sam Kerr, Mary Fowler, Caitlin Foord, Hayley Raso, Daniela Porcelli, , , Jackie Schougaard, Alfred Hotel, “ Everyone’s, It’s, Jason Lassey, , ” Lassey, Matildas, , “ I’m, Hannah Mckay, Bruce McAvaney, I’m, Maddie Meyer, Kevin Argus, ” Argus, we’ve, Lassey, We’re, Robbie, Gerwig, Barbie ”, ” Gerwig Organizations: Australia CNN, Neighbours, Hollywood, Chelsea, FIFA, Stadium Australia, France, Brisbane, Caxton, Footy Industry, , AFL, Australian Football League, CNN, Denmark, Sydney, Football Australia, team, Royal Melbourne Institute of Technology, RMIT, Socceroos, , , Australian Broadcasting Corporation Locations: Brisbane, Australia, Denmark, Melbourne
The entertainment conglomerate also said it fell slightly behind analyst projections for U.S. subscribers of Disney+. It added 800,000 Disney+ subscribers, 100,000 subscribers shy of analyst estimates, and shed 12.5 million subscribers to the Disney Hotstar service in India, or nearly a quarter of its subscribers, as it gave up rights to Indian Premiere League cricket matches. Disney's traditional television business continued its decline, with lower revenue and operating income across the company's broadcast and cable TV business. TV revenue for the quarter decreased 7% to $6.7 billion, while operating income fell 23% to $1.9 billion. Disney's direct-to-consumer business reported a 9% increase in revenue to $5.5 billion, as the average revenue per subscriber rose at Disney+ and Hulu.
Persons: Mike Blake, Walt Disney, Bob Iger, Iger, Disney, Strange, Disney's, Dawn Chmielewski, Chavi Mehta, Aditya Soni, Peter Henderson, Sayantani Ghosh, Matthew Lewis Organizations: Disney Studios, REUTERS, Disney, Indian Premiere League, Hulu, Guardians, Shanghai Disney Resort, Walt Disney World, Thomson Locations: Burbank , California, U.S, India, Orlando , Florida, Los Angeles, Bengaluru
Disney’s streaming operation lost $512 million in the most-recent quarter, the company said, bringing total streaming losses since 2019, when Disney+ was introduced, to more than $11 billion. Disney+ lost roughly 11.7 million subscribers worldwide in the three months that ended July 1, for a new total of 146.1 million. (Last year, Disney lost a bid to renew the expensive rights to Indian Premier League cricket matches.) To make streaming profitable, Mr. Iger, Disney’s chief executive, has shifted the focus at Disney+ away from brisk subscriber growth, which requires expensive marketing campaigns. Instead, Disney has been trying to make more money from the Disney+ subscribers it already has.
Persons: Robert A, , Disney, Iger Organizations: Disney, Indian Premier League cricket Locations: India
Disney (DIS) reported fiscal third-quarter results after the closing bell Wednesday, and it was another mixed quarter even against low expectations. Still, there were enough pockets of optimism in the company's restructuring plan and streaming strategy to believe CEO Bob Iger's turnaround is working. Indeed, global Disney+ subscribers declined to 146.1 million from 157.8 billion, but nearly all of that was associated with Disney+ Hotstar and not Disney's core markets. Quarter over quarter, that loss of $512 million was narrower by $147 million. Thanks to the ongoing strength of Disney's international parks and cruise line business, Disney expects fourth-quarter operating margins at DPEP to exceed the prior year.
Persons: Bob Iger's, we've, Kevin Lansberry, Iger, Jim Cramer's, Jim Cramer, Jim, Bob Iger, CNBC's David Faber, David A Organizations: Disney, Refinitiv, DIS, Consumer, Hollywood, Indian Premier League cricket, Netflix, Disney Media, Entertainment, Linear Networks, ESPN, Penn Entertainment, Disney Parks, Walt Disney, Star Wars, CNBC, Allen, Grogan Locations: India, Florida, Europe, Canada, DMED, Sun Valley , Idaho
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