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☆ Disney doesn't plan to change its TV networks portfolio anytime soon
▼ + stars: | 2024-11-14 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +1 min

Disney has done the math on separating its TV networks business, and it appears too messy to be done — at least for now. The company's chief financial officer, Hugh Johnston, said Thursday on CNBC's "Squawk Box" that the "cost is probably more than the benefit" when it comes to separating its TV networks business, given the "operational complexity." The future of the traditional TV network business has been top of mind in the media industry. In late October, Comcast executives said they were exploring a separation of the cable networks business. Disney reported Thursday that revenue for its traditional TV networks was down 6% for its most recent quarter to $2.46 billion, while profit in the division sank 38% to $498 million.

Persons: Hugh Johnston Organizations: Disney, Comcast

☆ Stocks making the biggest moves midday: Tapestry, Capri, Disney and more
▼ + stars: | 2024-11-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Disney — The media stock popped 6% on stronger-than-expected earnings and guidance, aided by growth in its streaming business. Capri , Tapestry — Both luxury apparel stocks rose after the companies called off their planned merger , citing regulatory hurdles. Cisco Systems — The cybersecurity stock fell 2.1%. Ibotta said it expects fourth-quarter revenue to range between $100 million and $106 million, versus a FactSet estimate of $110.3 million. CNH Industrial — Shares rose more than 6% after Greenlight Capital's David Einhorn revealed at CNBC's Delivering Alpha conference that he took a medium-sized position in the agricultural equipment company.

Persons: Charles Schwab —, Charles Schwab, Ancora, Campbell, Piper Sandler, Ibotta, Greenlight Capital's David Einhorn, —, Jesse Pound, Pia Singh, Alex Harring, Hakyung Kim, Sean Conlon Organizations: Disney, Amazon, ASML, Cisco Systems, Wall, Revenue, Norfolk Southern, American Airlines —, Barclays, Alpha, Advance Locations: Capri

☆ Trump's victory has turned up the heat on Disney and its CEO, Bob Iger
▼ + stars: | 2024-11-14 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

AdvertisementSome Disney insiders worry about the impact of a second Trump term on the company amid culture wars. Disney CEO Bob Iger and Donald Trump publicly sparred during Trump's first presidential term. During Trump's first term, Iger seemed to publicly align with his opposition. One person close to Disney speculated about whether the political climate would lead news outlets such as Disney's to self-censor. "The risk to these guys is, they have to tone down the rhetoric," the person close to Disney said.

Persons: Bob Iger, Donald Trump, Trump's, Iger, Trump, Harris, Puck, Elon Musk, Nelson Peltz, Dana Walden, Kamala Harris, Disney, I'm, irking Trump, Walden's Harris, He's Organizations: Disney, Trump, Business, ABC, Elon, CNBC, New York Post, ABC News, Warner Bros, Hulu, Sinclair Locations: Hollywood, Iger, Paris, Fox

☆ Here's why investors are so excited about Disney's quarterly results
▼ + stars: | 2024-11-14 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Revenue in the fiscal fourth quarter totaled $22.57 billion, topping the $22.45 billion expected by analysts, according to estimates compiled by LSEG. And the good run should continue, with management forecasting earnings growth acceleration over the next couple of years. Roughly $15 billion in cash flow from operations vs. $14.8 billion expected, and about $8 billion in capital expenditures vs. $6.54 billion expected. That implies free cash flow of about $7 billion vs. $8.1 billion expected. In entertainment, the team forecasts double digit percentage growth in operating income, with 10% operating margin in its streaming businesses.

Persons: Robert Iger's, Iger, hasn't, Jim Cramer's, Jim Cramer, Jim, Mickey Mouse, Mouse, Gary Hershorn Organizations: Disney, Revenue, LSEG, Management, ESPN DTC, ESPN, DIS, Comcast, Netflix, Warner Bros Discovery, Paramount Global, Sports, CNBC, Magic, Walt Disney World, Corbis, Getty Locations: Florida, India, Orlando , Florida

☆ Disney gives investors years to cheer about
▼ + stars: | 2024-11-14 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —Disney did something extraordinary Thursday, giving investors a rare three-year financial outlook, even at a time of economic uncertainty. Shares of Disney (DIS) are exploding higher – up 10% just after the market open Thursday. And it forecast profits from streaming will rise another $875 million in the new fiscal year, helping to lift results. Legacy media companies such as Disney that have gotten into streaming in the last five years have struggled to make the business profitable as they sought to catch up with Netflix, which had been the only profitable streaming service until recently. Disney needs to have improved results from streaming as its cable and broadcast network business continues to suffer from a combination of ad sales declines an cord cutting by consumers.

Persons: New York CNN —, segement Organizations: New, New York CNN, New York CNN — Disney, Disney, Netflix, Pixar Locations: New York

☆ Disney's earnings reveal streaming's path to profit is less spending: NYT's Jim Stewart
▼ + stars: | 2024-11-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney's earnings reveal streaming's path to profit is less spending: NYT's Jim StewartJim Stewart, New York Times columnist, joins CNBC's 'Power Lunch' to discuss Disney's fourth-quarter earnings beat, how he sees the media landscape changing, and more.

Persons: Jim Stewart Jim Stewart Organizations: Jim Stewart Jim Stewart , New York Times Locations: Jim Stewart Jim Stewart ,

☆ MNTN CEO Mark Douglas: You will be seeing a lot of profits in Disney's streaming business
▼ + stars: | 2024-11-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMNTN CEO Mark Douglas: You will be seeing a lot of profits in Disney's streaming businessMNTN CEO Mark Douglas joins CNBC’s ‘The Exchange’ to discuss Disney as the company reported its fiscal fourth-quarter earnings, the performance of its streaming business, and more.

Persons: Mark Douglas, CNBC’s Organizations: Disney

☆ Disney earnings offer hope that streaming can successfully supplant linear TV
▼ + stars: | 2024-11-14 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +2 min

For Disney's fiscal 2025, streaming will generate enough operating income to offset the parallel decline in operating income from linear TV, Johnston said in an interview. Disney projects entertainment direct-to-consumer operating income will increase by about $875 million next year over fiscal year 2024. That would put the division at over $1 billion in operating income for the coming fiscal year. Disney's combined streaming businesses improved their profitability in the company's fiscal fourth quarter, posting operating income of $321 million. For the year, Disney's entertainment streaming platforms (Disney+ and Hulu) made $143 million in operating income.

Persons: Gabby Jones, Warren Buffett, CNBC's Becky Quick, it's, Buffett, Hugh Johnston, Johnston Organizations: Disney, Bloomberg, Getty, Paramount Global, Warner Bros, Hulu, ESPN Locations: Brooklyn, New York, Omaha

☆ Disney CFO: I wouldn't change anything about our portfolio
▼ + stars: | 2024-11-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney CFO: I wouldn't change anything about our portfolioHugh Johnston, Disney CFO, joins CNBC's 'Squawk Box' to discuss the company's most recent earnings report.

Persons: Hugh Johnston Organizations: Disney

☆ Disney dodges the Trump question
▼ + stars: | 2024-11-14 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Last week, Warner Bros. "In a way, we've already consolidated," he said on the company's earnings call Thursday morning, in response to a question about M&A possibilities during Trump 2.0. Disney, like other media companies that have news organizations, has already drawn Trump's ire, during the 2024 campaign. During that fight, conservatives harped on the company, calling it too "woke," while liberals — including some Disney employees — felt the company wasn't forceful enough in standing up for diversity. AdvertisementIt's no surprise, then, that Iger didn't say the word "Trump" once during his call.

Persons: Bob Iger, Iger, he's, —, Trump, we've, Rupert Murdoch's Fox, David Zaslav, Zaslav, John Malone, Malone, it's, JD Vance, Matt Gaetz, Murdoch's, Kamala Harris, He's, Paramount's, Ron DeSantis, harped Organizations: Warner Bros, Discovery, Service, Trump, Disney, Comcast, Big Tech, of Justice, Time Warner, Murdoch's Disney, ABC, Paramount's CBS, Gov Locations: Hulu, Disney's, Florida

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. This time around, Trump's tariff proposals on Chinese imports could help Amazon in its competition against low-price online sellers Temu and Shein. Salesforce : Not a Trump stock, but it wasn't a Kamala Harris stock either. Constellation Brands : The Mexican beer importer has been punished on fears about what Trump's tariff and immigration proposals could do to its business. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, Donald Trump's, Trump's, Abbott, Trump, Hock Tan, Tan, We'll, it's pricier, Morgan Stanley, Wells, Kamala Harris, Agentforce, That's, Biden, Dover, Eaton's, Elon, Waymo, JD Vance, we've, Linde, that's, Eli Lilly, Robert F, Kennedy Jr, Kennedy, Lilly, Mark Zuckerberg, Zuckerberg, Goldman Sachs, shouldn't, Nextracker, Brian Niccol, Niccol, Stanley Black, Decker, TJ Maxx, Wells Fargo, Jim Cramer Organizations: Jim Cramer's Charitable Trust, CNBC, Abbott Laboratories, Abbott Labs, White, Biden, AMD, Trump, Wednesday, Broadcom, VMWare, BlackRock, Costco, Coterra Energy, Coterra, DuPont, Disney, GE Healthcare, GE Aerospace, Google, Honeywell, Elliott Investment Management, Linde, Microsoft, Big Tech, Apple, Meta, Financial Times, Nvidia, Palo Alto Networks, Yum Brands, Taco Bell, Constellation Brands, Management, TJX, Marshalls, Jim Cramer's Charitable Locations: China, India, Missouri, Wells Fargo, BlackRock, Shanghai, Dover, U.S, Palo, HomeGoods

☆ CNBC Sport: NBC still doesn't have a deal for John Tesh's 'Roundball Rock' theme
▼ + stars: | 2024-11-14 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +15 min

NBC Sports still expects to come to a deal with Tesh, according to a person familiar with the matter. How to value a theme song like "Roundball Rock" is nebulous at best. Any sports fan of the 1990s can tell you that John Tesh's "Roundball Rock" is synonymous with "The NBA on NBC." NBC Sports still expects to come to a deal with Tesh, according to a person familiar with the matter. How to value a theme song like "Roundball Rock" is nebulous at best.

Persons: Alex Sherman, John Tesh, I'm, Tesh, NBC Sports isn't, hasn't, Marv Albert, Bob Costas, NBA hasn't, there's, he's, Mark Wilf, Donald Trump, Wilf, Adam Silver, Silver, NBCU's Peacock, David Zaslav, John Malone, Greg Maffei, Malone, Diamond, That's, Mike Tyson, Jake Paul, it's, CNBC's Lillian Rizzo, Mike Ozanian, –, Juan Soto, Ohtani, Paul Archuleta, John Tesh's Organizations: CNBC, NBA, NBC, NBC Sports, Disney, Amazon, Warner Bros, Fox Sports, Big East, Chicago Bulls, Tesh, Minnesota Vikings, Major League Soccer's Orlando City, Orlando Pride, Vikings, Orlando, Paley Center for Media, Summit, ESPN, TNT, CNBC Sport, Liberty Media, Liberty, Atlanta Braves, Diamond Sports, Major League Baseball, NHL, Fitness, Holdings, Netflix, NFL, Philadelphia Phillies, NBC Sports Philadelphia, Industry, Hallmark, Universal Studios Hollywood, Getty Locations: Nashville, Orlando City, Trump, Texas, London, Universal City , California

☆ Nelson Peltz says postelection market rally won't last
▼ + stars: | 2024-11-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNelson Peltz says postelection market rally won't lastNelson Peltz, founding partner and CEO at Trian Partners, joins CNBC’s Delivering Alpha 2024 to discuss Trian’s proxy battle with Disney and CEO Bob Iger, his outlook on the consumer and the economy, his vision for the next four years post-presidential election, and more.

Persons: Nelson Peltz, Bob Iger Organizations: Trian Partners, CNBC’s, Disney

☆ Disney could win streaming wars in the long-term, says Needham's Laura Martin
▼ + stars: | 2024-11-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney could win streaming wars in the long-term, says Needham's Laura MartinLaura Martin, senior internet and media analyst at Needham, joins CNBC's 'The Exchange' to discuss why Disney may come out on top in the streaming wars, why parks may be critical to long-term success despite falling revenue, and more.

Persons: Needham's Laura Martin Laura Martin Organizations: Disney, Needham

☆ Cisco reports fourth straight quarter of declining revenue
▼ + stars: | 2024-11-13 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Cisco CEO Chuck Robbins speaks at The Wall Street Journal's Future of Everything Festival in New York on May 21, 2024. Cisco reported a fourth straight quarter of declining revenue even as results topped analysts' estimates. Net income fell to $2.71 billion, or 68 cents per share, from $3.64 billion, or 89 cents per share, in the same quarter a year ago. During the quarter, Cisco acquired security startups DeepFactor and Robust Intelligence. Analysts expected adjusted earnings for the year of $3.58 per share on $55.89 billion in revenue.

Persons: Chuck Robbins, Robbins, Scott Herren, Herren Organizations: Cisco, Everything, StreetAccount, Dell, White, Intelligence, Cisco Systems, Applied Materials, Disney Locations: New York

☆ Obscure Disney 2003 game set in ‘Winnie the Pooh’ universe becomes horror favorite online
▼ + stars: | 2024-11-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Kahlan-Rosenblatt.Jpg | Kalhan Rosenblatt | ) www.nbcnews.com time to read: +3 min

Piglet’s Big Game, released as a tie-in with the Disney film “Piglet’s BIG Adventure,” follows the beloved character as he enters the dreams of his “Winnie the Pooh” friends. At some point in the game, Piglet realizes that his friends have all fallen asleep and he must then enter their dreams to complete tasks and help them wake up. Piglet’s Big Game was released on the GameCube, PlayStation 2, GameBoy Advanced, Mac and PC, but each iteration varies in gameplay. Many gamers who saw the viral videos drew comparison to popular horror games they play regularly. Disney Games also did not immediately respond to a request for comment regarding the recent interest in Piglet’s Big Game.

Persons: Piglet, Winnie, ”, Roo, X, who’s, Mateusz, Piglet’s, ” Lenart Organizations: Disney, Google, eBay, PlayStation, Disney Games, Gotham Games

☆ Iger's successor: Disney board chair James Gorman creates system to identify replacement
▼ + stars: | 2024-11-12 | by ( Julia Boorstin | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIger's successor: Disney board chair James Gorman creates system to identify replacementCNBC's Julia Boorstin reports on the latest news from Disney.

Persons: James Gorman, Julia Boorstin Organizations: Disney

☆ Airbnb CEO says most employees don't want full autonomy at work — and those that do should start their own companies
▼ + stars: | 2024-11-12 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

I think their actions don't say the same thing," he told Fortune. Chesky, who inspired the term "founder mode," says those seeking autonomy should be entrepreneurs. The Airbnb CEO recently spoke with Fortune about the "founder mode" model of leadership. But I don't think people for the most part want to be disintegrated. AdvertisementHe said that his operating in founder mode "flies in the face of everything we're taught about modern leadership."

Persons: Fortune, Chesky, —, Brian Chesky doesn't, Paul Graham, Graham, Airbnb, he'd, they're, we're, Steve Jobs, Walt Disney, Jensen Huang, Elon Musk Organizations: Service Locations: America

☆ Denzel Washington says he has 'not that many' films left to make before he retires — but one will be 'Black Panther 3'
▼ + stars: | 2024-11-12 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +3 min

He also said director Ryan Coogler is writing a role for him in "Black Panther 3." I don't know how many more films I'm going to make, probably not that many," Washington said. After that, Ryan Coogler is writing a part for me in the next 'Black Panther.' Related storiesMarvel fans were quick to pounce on Washington's comment about "Black Panther 3," which the studio has not yet announced. During the closing credits of "Wakanda Forever," text on the screen explicitly promises that "Black Panther will return."

Persons: Denzel Washington, Hannibal, King Lear, Ryan Coogler, —, Denzel Washington doesn't, he's, Paul Mescal, Antoine Fuqua, Steve McQueen, I'm, Washington, I've, Coogler, Tom Holland Organizations: Service, Denzel, Netflix, Marvel, Disney Plus, Disney Locations: Washington

☆ Here's why Jim Cramer is hesitant to buy this AI chip stock right now
▼ + stars: | 2024-11-12 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. If management has anything positive to say about the highly profitable segment, it "would really move the stock," Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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, we've, Jim, Evercore, Stocks, Bristol Myers, Shopify, Tyson, Okta, Jim Cramer's Organizations: CNBC, Club, Home Depot, Citigroup, Analysts, Broadcom, Google, Nvidia, Disney, Evercore ISI, Netflix

☆ Live Nation CEO talks consumer demand, says live music is 'a very scarce commodity'
▼ + stars: | 2024-11-12 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Live Nation CEO Michael Rapino told CNBC's Jim Cramer on Tuesday that the nature of live music keeps it in demand, which helps the business stay strong — even though some consumer-oriented companies report a pullback due to inflation. Live Nation, which also owns Ticketmaster, has its hand in many aspects of the industry. Live Nation shares jumped more than 4% Tuesday after the company posted earnings and reported its most successful summer concert season to date. Rapino claimed that 2025 would likely be "a record year" with a lot of stadium performances, adding that Live Nation has already sold more than 20 million tickets. "The amount of music available to the consumer today has just propelled this idea that they want to see the live show."

Persons: Michael Rapino, CNBC's Jim Cramer, Ben Folds, Rapino Organizations: Disney, Ticketmaster, U.S . Department of Justice, Nation, Spotify

☆ Activist investor ValueAct has $1 billion stake in Meta, sources say
▼ + stars: | 2024-11-12 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Activist investor ValueAct has a $1 billion stake in Facebook parent Meta , according to people familiar with the matter. ValueAct has a long history of investing in technology companies, and is generally considered to be more constructivist and collaborative than other activist funds. Meta is the parent company of Facebook, Instagram and WhatsApp. It is one of the largest companies to be targeted by an activist investor, with a market cap of nearly $1.5 trillion. Morfit has also pushed for change at other, smaller technology companies, including Spotify.

Persons: Mark Zuckerberg, ValueAct, Mason Morfit, Nelson Peltz's Trian, Meta, Brad Gerstner's, Gerstner, Morfit, — CNBC's David Faber Organizations: Meta, Inc, Orion, Facebook, Disney, Nelson Peltz's Trian Partners, Microsoft, Spotify Locations: Menlo Park , California

A brand-new Disney cruise ship rushed to the aid of a catamaran taking on water in the Atlantic on Sunday and plucked four people to safety, authorities said. The Disney Treasure responded, saying it was 80 miles from Serenity, before heading to the catamaran and arriving between 1 p.m. and 1:45 p.m., according to the Coast Guard. A life boat from the cruise ship Treasure heads toward a disabled Catamaran. It appeared Disney Treasure was only recently constructed and headed to its future home in Port Canaveral, Florida, when she was unexpectedly called to duty. The Disney Treasure "journeys across the Atlantic Ocean ... in preparation for its inaugural season this December," according to a Disney blog posting on Friday.

Persons: Christine Bills, Thomas, Meyer Werft Organizations: Disney, Coast Guard, U.S . Coast Guard, NBC News, U.S . Virgin Locations: Bermuda, Elizabeth City , North Carolina, U.S, Port Canaveral , Florida, Tortola, British Virgin Islands, St, U.S . Virgin Islands, Bahamas

☆ ‘Venom 3’ leads box office again, A24’s ‘Heretic’ scares up $11 million bebut in sleepy weekend
▼ + stars: | 2024-11-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Variety-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +5 min

“Venom: The Last Dance” is looming over the domestic box office in its third weekend of release. As a result, overall domestic box office revenues remain down more than 11% from 2023 and nearly 27% from 2019, according to Comscore. “Heretic,” featuring “Notting Hill” star Hugh Grant playing against type as a villain, notched third place with $11 million from 3,221 venues. The well-reviewed family film has endured at the box office with minimal week-to-week drops (this weekend was down only 11%), earning $130.2 million domestically and $292 million worldwide so far. Ticket sales declined 52% from its soft $5 million debut, bringing the Robert Zemeckis-directed film to $9.3 million domestically.

Persons: “, ”, Hill, Hugh Grant, Sophie Thatcher, Chloe East, Grant, Critics, David A, Gross, Dallas Jenkins, Judy Greer, Pete Holmes, Lauren Graham, Tom Hardy, Eddie Brock, ” Gross, Dwayne “, ” Johnson, Paramount’s “, ” “, Tom Hanks, Robin Wright, Robert Zemeckis, Ralph Fiennes, Paul Dergarabedian Organizations: Rotten, Entertainment Research, Sony Pictures, Everett, Universal, DreamWorks, Miramax, Sony Locations: Hollywood, North America, New York

☆ The Setup on Earnings this week: On Holdings, Home Depot, Spotify and Disney
▼ + stars: | 2024-11-11 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Setup on Earnings this week: On Holdings, Home Depot, Spotify and DisneyThe Investment Committee give you the setup on earnings reporting this week.

Organizations: Holdings, Home, Spotify, Disney The Investment

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