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The firm plans to push for multiple seats on the board this time, including one for Peltz, the people said. Peltz's activist firm, Trian Fund Management, has increased its stake in Disney to about 30 million shares, valued at roughly $2.5 billion, according to people familiar with the matter. A proxy battle between Nelson Peltz and Disney is brewing for the second time this year. It's been nearly a year since Bob Iger returned as Disney's CEO. Iger returned to Disney following a fallout with Bob Chapek, has handpicked successor.
Persons: Nelson Peltz, Peltz, It's, Bob Iger, Iger, CNBC's David Faber, Trian, Disney's, Bob Chapek Organizations: Alpha, Disney, Trian Fund Management, ESPN, Fox Locations: New York, Disney, Peltz
Disney' s ESPN has nabbed the broadcast rights to air matches from TGL, the startup golf league led by Tiger Woods and Rory McIlroy. TGL, which is in partnership with the PGA Tour, will have its debut Jan. 9 as part of a multiyear deal. Both TGL matches will air on traditional TV's ESPN and streamer ESPN+. The agreement between the PGA Tour and LIV has yet to be finalized. TGL, a new primetime, high-tech golf league created by Woods, McIlroy and former NBC Sports executive Mike McCarley, has attracted stars from the PGA Tour.
Persons: Rory McIlroy, Tiger Woods, TGL, LIV Golf, LIV, Woods, McIlroy, Mike McCarley, Jon Rahm, Justin Thomas, Collin Morikawa, Matt Fitzpatrick, Justin Rose, Adam Scott, Xander Schauffele, Max Homa, Rickie Fowler, Billy Horschel, Steve Cohen Organizations: Augusta National Golf Club, Disney, ESPN, PGA, ABC, College Football, NFL, Tour, Saudi Arabia's Public Investment Fund, Endeavor Group Holdings, Fenway Sports Group, CNBC, NBC Sports, Major League Baseball's New York Mets, New York, Private Ventures Locations: Augusta , Georgia, TGL, Palm Beach Gardens , Florida
Apple iPhone users don't know all the features and benefits they are missing. And early predictions are that the iPhone 15 will sell well , as users' existing iPhones age or break. There were some lines for the iPhone 15 at stores in Hangzhou, China and Mumbai, but those are locations where iPhone demand routinely outstrips supply and ownership is still somewhat of a status symbol. My iPhone 13 doesn't really look much different than a brand new iPhone 15. Google Pixel Tablet docking station and other Google tech hardware GoogleThe Google Pixel Fold balances the ability to use it as a great smartphone when closed while turning it into an iPad-mini-sized tablet when opened.
Persons: I've, , Steve Jobs, Let's Organizations: Apple, Service, Google, Samsung, European Union, TV Networks, Pepsi Locations: Hangzhou, China, Mumbai
Alexandra BruellAlexandra Bruell covers the news and magazine publishing industry and is part of The Wall Street Journal’s Media and Marketing Bureau in New York. Prior to taking on the publishing beat, Alexandra covered advertising for the Journal. Before joining the Journal in 2016, Alexandra worked as a reporter for Ad Age. There, she wrote about marketing and Madison Avenue, including a series of stories about allegations of kickbacks in the media-buying business. Earlier in her career, she covered the business of consumer marketing for a public relations trade publication.
Persons: Alexandra Bruell Alexandra Bruell, Alexandra Organizations: Journal’s Media, Marketing Bureau, Journal, Netflix, Ad, Madison, Tulane University Locations: New York, newsrooms, New York City
Look a little closer and you see how long he's been with the telecom giant: 50 years and two months. Turner, who goes by Kip, has far outlasted most of us in how long he's stayed with the same company. Government figures from 2022 show that the median time US workers have been with their current employer is 4.1 years. And I think people may be afraid to do that — that they think you're unhappy. For example, he's traveled around the country to complete technical training, which has helped him keep pace with the technology.
Persons: Paul, Kip, Turner, , Paul Turner, I've, they're, that's, It's, it'll, kiddos —, Clinton's, Kip Turner, He's, I'm, he's Organizations: Service, Bell Telephone Locations: Conway , Arkansas, Faulkner County , Arkansas, Little Rock , Arkansas, Hickory Ridge , Arkansas
After the September meeting pause last week, the target range for the fed funds rate remained at 5.25% to 5.50%. First, I don't know a soul besides me who agrees with that 20-year versus fed funds rate yield prognosis. They think the fed funds rate will come down or the 20-year yield is already extended. Second, I don't know anyone else who believes the economy is so strong that the Fed is correct to keep on an anti-inflation course. I don't think so.
Persons: We've, Jerome Powell, Powell, It's, , that's, — let's, it's, Bob Iger, Charlie Scharf, there's, Einstein, Salesforce, Elliott, Bill Newlands, Constellation, William Giles, Giles, Bud, Tom Jorden, Coterra, Jim Cramer's, Jim Cramer, Jim, Angela Weiss Organizations: Federal Reserve, Fed, Treasury, Apple, Club, Disney, Hulu, CNBC, Comcast, DIS, ABC, ESPN, Nexstar Media, YouTube, Apple's, Wells, Constellation Brands, Constellation, Elliott Management, Autozone, San, Coterra Energy, & Gas, Ford, Traders, New York Stock Exchange, AFP, Getty Locations: U.S, New Jersey, Gary's, Madison —, Wells Fargo, Wells, What's, slowdowns, Texas, San Miguel, Brooklyn , New York, AMZN, CTRA
TV Networks’ Last Best Hope: Boomers
  + stars: | 2023-09-23 | by ( John Koblin | More About John Koblin | ) www.nytimes.com   time to read: +1 min
This coming week, as the network fall television season gets underway, ABC will begin airing “The Golden Bachelor,” a spinoff of “The Bachelor” that centers on an offbeat twist: The main contestant is a 72-year-old man, and the 22 women vying for his affection range in age from 60 to 75. On Sunday nights, the network will carve out three hours for “The Wonderful World of Disney,” a television tradition that dates back to the 1950s. On Tuesdays, there’s “Dancing With the Stars.” On Wednesdays, there will be special prime-time episodes of decades-old standbys like “Wheel of Fortune" and “Jeopardy!”It’s no secret that network television ratings have plummeted in recent years as viewers have fled prime-time lineups in favor of stream-at-your-leisure outlets like Netflix and Hulu. But there’s one notable exception, a segment of the audience that has effectively become the broadcast networks’ core constituency: people over 60.
Persons: Organizations: ABC, Disney, Netflix, Hulu
Rupert Murdoch is stepping down as chairman of the board of both Fox Corp. and News Corp. , the companies said Thursday. Lachlan Murdoch, one of his sons, will become sole chairman of News Corp. and will continue as Fox Corp.'s executive chair and CEO. At the time, Fox had opposed having the elder Murdoch — as well as other top Fox executives — appearing in person, citing his age. Since July 2022, Murdoch had worked from his home in Montana rather than going into Fox or News Corp. offices, according to a securities filing. News Corp. owns newspapers The Wall Street Journal and New York Post, among other publications, while Fox is the parent company of right-leaning TV networks Fox News and Fox Business.
Persons: Rupert Murdoch, Murdoch, Lachlan Murdoch, , Joe Biden, Donald Trump, Murdoch's, Fox, Murdoch —, , Fox wouldn't, Tucker Carlson, Marvin Davis, Michael Wolff's, Read, Lachlan Organizations: Fox Corp, News Corp, Voting Systems, Fox News, Fox, Wall Street, New, New York Post, Fox Business, News, Century Fox, Fox News Channel, Disney Locations: Dominion, Delaware, Montana, New York, Australian, Adelaide, Australia, Britain, U.S, cahoots
Sports are coming to Warner Bros. CNBC previously reported Warner Bros. Warner Bros. In May, the streamer was renamed Max after the parent company blended the content of HBO Max and Discovery+ apps together. The move came more than a year after the merger of Warner Bros. and Discovery.
Persons: Cody Bellinger, Louis, Tommy Edman, Max, David Zaslav, CNN Max Organizations: Los Angeles Dodgers, Louis Cardinals, Dodger, Sports, Warner Bros, TNT, TBS, Major League, NHL, NBA, CNBC, Max, HBO Max, AMC Networks, CNN, Company
Disney said in a securities filing Tuesday it will nearly double its planned investment in its parks division to roughly $60 billion over the course of 10 years. Still, the company's domestic parks, particularly Walt Disney World in Florida, have seen a slowdown in attendance and hotel room occupancy. Disney will lean on its brands and intellectual property as it builds out its theme parks. The company planned to unveil more details about the investment at its investor day Tuesday. Disney highlighted the historical results of the parks and experiences business since 2017 on the back of heightened investment.
Persons: Disney, Bob Iger Organizations: Disney, Walt Disney Locations: Florida, Hong Kong, Paris, Tokyo, Shanghai
Disney starts drafting broadcast TV’s grand finale
  + stars: | 2023-09-14 | by ( Jennifer Saba | ) www.reuters.com   time to read: +9 min
It was pretty much the only way to watch “Gunsmoke” or “Howdy Doody” until cable networks arrived in force in the 1980s, bundled together for a monthly subscription fee. For Disney, ABC represented a watershed moment. Look deeper and the big broadcasters attracted only one in five viewers, while one in three watched cable networks. The TV group, excluding cable networks such as Fox News, generated an EBITDA margin of nearly 12% for the year ending June 30. Assume any deal includes cable networks such as Disney Channel and National Geographic.
Persons: Walt Disney, Bob Iger, , Howdy Doody, Fox, Rupert Murdoch, Michael Eisner, Iger, what’s, “ Abbott, Singer, Morgan Stanley, Disney’s, they’re, reckons Morgan Stanley, Jeffrey Goldfarb, Sharon Lam, Aditya Sriwatsav, Oliver Taslic Organizations: Reuters, Magic Kingdom, ABC, Disney, ESPN, Charter Communications, American Broadcasting Company, NBC, CBS, Capital Cities, RJR Nabisco, Paramount Global, Comcast, Warner Bros Discovery, Fox, Paramount, National Football League, NFL, Reuters Graphics Reuters, Bloomberg, Apple, Nielsen, BET, Wall Street Journal, Charter, U.S . Federal Communications Commission, Local, Disney Channel, Geographic, Apollo Global Management, TPG, Walt Disney, Thomson Locations: U.S, United States
Sept 14 (Reuters) - Walt Disney Co (DIS.N) has held exploratory discussions about selling its U.S. TV network ABC to regional TV station operator Nexstar Media Group Inc (NXST.O), people familiar with the matter said on Thursday. Nexstar's interest is preliminary and may not lead to any deal, one of the sources said. Nexstar and Disney did not immediately respond to requests for comment. Disney's ABC comprises a national television network and eight regional stations. It also has affiliation agreements with about 240 local television stations reaching almost all U.S. television households.
Persons: Bob Iger, Michael Eisner, Dawan Chmielewski, Akash Sriram, Josie Kao Organizations: Walt Disney Co, U.S ., ABC, TV, Nexstar Media Group Inc, Disney, Nexstar, Bloomberg News, Capital Cities, Thomson Locations: Los Angeles, Bengaluru
The media industry is in a transitional moment — from streaming to traditional TV — and the focus needs to be on ending the writers and actors' strikes, Warner Bros. The comments came a day after Warner Bros. The work stoppage has halted production on Hollywood sets, impacting companies like Warner Bros. Warner Bros. Still, like its peers, Warner Bros.
Persons: David Zaslav, Zaslav, Goldman Sachs, Warner, Max, Organizations: Warner Bros, Discovery, Technology, Writers Guild of America, Hollywood, Warner, Warner Bros . Discovery, NBA, Max, CNBC, Major League Baseball, AMC Networks, CNN
Even Charter thinks that cable TV sucks now
  + stars: | 2023-09-06 | by ( Nathan Mcalone | ) www.businessinsider.com   time to read: +4 min
Charter, the second-biggest cable company in the US, says the cable TV model is broken. Fights like this have been common across the history of cable TV. Because Charter pays companies like Disney per subscriber, fewer cable TV subscribers meant less money coming in for TV networks. Charter might never actually say it out loud, but it's clear from the presentation that it thinks the cable TV model sucks now and has become a bad deal for customers. I could easily imagine a new type of cable TV package that mixes some live news and sports channels with access to streaming services.
Persons: it's, That's, Lucia Moses, Chris Winfrey Organizations: Service, Disney, ESPN, Netflix Locations: Wall, Silicon
Warner Bros. Warner Bros. Warner Bros. Warner Bros. Discovery has been paying down the hefty debt load that stems from the 2022 merger of Warner Bros. and Discovery.
Persons: David Zaslav, Gunnar Wiedenfels, Goldman Sachs Organizations: Warner Bros, Discovery, Writers Guild of America, Technology
Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesCharter Communications CEO Chris Winfrey wants the pay-TV bundle to live. For Charter, a company that doesn't produce content itself, the TV bundle is still a big part of its business, even as broadband grows. Disney also noted its multi-billion dollar investments in exclusive content for Disney+, ESPN+ and Hulu. Disney has said it's a matter of time before it offers ESPN outside of the pay-TV bundle. Long live pay-TV
Persons: Rafael Henrique, Chris Winfrey, Winfrey, Barry Diller, Tom Rutledge, , Hulu —, Disney, Long Organizations: Communications, Getty, Charter, Disney, U.S ., Warner Bros, Discovery, Paramount Global, Comcast, Media, Paramount, ESPN, P Global Market Intelligence, Hulu Locations: U.S, Hulu
Barry Diller is calling on the legacy Hollywood studios to end the dual writers and actors strikes, otherwise it'll be "catastrophic" to the industry. The media mogul, speaking on the podcast "On with Kara Swisher," said the strikes would only strengthen streaming giant Netflix during a tumultuous time for legacy media. He also advised studios to cut Netflix and other streamers out of the negoations with the unions. He said the legacy studios, actors and writers should be "natural allies" given their century of working together. Diller said legacy media should take some of its "shows and creativity and build our networks back up.
Persons: Barry Diller, Kara Swisher, Diller, Netflix didn't, Bob Iger, Donna Langley, Ted Sarandos, David Zaslav, Comcast's NBCUniversal, Swisher Organizations: Hollywood, Netflix, IAC, Expedia, Fox, Paramount, ABC Entertainment, Apple, CBS, Guild of America, Alliance, Television Producers, WGA, SAG, Disney, Warner Bros, Discovery, Paramount Global, Comcast, CNBC
Warner Bros. Discovery announced Thursday that CNN Max will be added to its Max streaming service on Sept. 27, and will serve as a 24/7 live news hub. Discovery relaunched its flagship streaming service HBO Max as Max, combining content from Warner Bros. and Discovery+ under one roof. As for including sports on Max, Warner Bros. Discovery is targeting the start of MLB playoffs this fall to introduce sports on the streaming app, CNBC previously reported.
Persons: CNN Max, Jim Acosta, Rahel Solomon, Amara Walker, Fredricka Whitfield, Jim Sciutto —, Anderson Cooper, Jake Tapper, HBO Max, Max, Jeff Zucker, Chris Licht, Semafor, Mark Thompson, David Zaslav, we'll, We've, Zaslav, Warner, It's, Jim Sciutto Organizations: Cable News Network, CNN, Warner Bros . Discovery, Max, HBO, Warner Bros, Discovery, BBC, New York Times, MLB, CNBC Locations: Atlanta , Georgia
After a run of acquisitions during his first tour as Disney CEO, Bob Iger is looking to shrink the company. "They are our film studios, our parks business, and streaming, all of which are inextricably linked to our brands and franchises." Verizon has reached out to Disney about partnering on a new ESPN streaming service, The Information reported. 2024 will bring some clarity to Disney's streaming business. "The streaming business with ESPN going direct to consumer can generate a lot of subscriptions and hopefully be a positive earnings contributor.
Persons: Bob Iger, He's, Iger, Wells, Steven Cahall, MoffettNathanson's Michael Nathanson, Iger's, hasn't, Macquarie, Tim Nollen, Doug Shapiro, Shapiro, Disney, It'll, there's, Tim Cook, Eddy, Drew Angerer, Disney's, Penn, Joel Simkins, Stratechery's Ben Thompson, Thompson, — Iger, mused, signups, he's, Kevin Lansberry, I'm, Nollen Organizations: Disney, ABC, FX, Geographic, ESPN, Google, Netflix, Warner Bros, Discovery, Warner Bros . Discovery, Comcast, Marvel, Pixar, Apple, Walt Disney, Turner Broadcasting System, Apple's, Hulu, ESPN Iger, Penn Entertainment, Houlihan, Global Technology Group, LightShed Partners, Verizon, Flagship Locations: Orlando , Florida, Sun
The tech giant is gearing up for a big 'Thursday Night Football' season with key matchups and new ad offerings. After hitting some snags with its inaugural NFL "Thursday Night Football" season on Prime Video last year, Amazon is bringing plenty of swagger to the field this year. Amazon is getting more TV ad dollars this year as the twin Hollywood strikes rage on, a top exec said. Amazon last year had also softened on its initial ask that advertisers buy the entire season's games and gave them the option to buy a portion of the games. Some advertisers were forgiving, though, given it was Amazon's first go at a live sports broadcast.
Persons: It's, Jay, Amazon's, We're, Al Michaels, Kaylee Hartung, NFL's, haven't, Kelly Metz, Marine, We'll, we'll Organizations: NFL, Football, Minnesota Vikings, Philadelphia Eagles, Toyota, Fox, ESPN, Amazon, Marine, Omnicom Media
After a run of acquisitions during his first tour as Disney CEO, Bob Iger is looking to shrink the company. He's looking to Disney's IP-driven parks, streaming, and film studios to drive growth. "They are our film studios, our parks business, and streaming, all of which are inextricably linked to our brands and franchises." 2024 will bring some clarity to Disney's streaming business. "The streaming business with ESPN going direct to consumer can generate a lot of subscriptions and hopefully be a positive earnings contributor.
Persons: Bob Iger, He's, Iger, Wells, Steven Cahall, MoffettNathanson's Michael Nathanson, Iger's, hasn't, Macquarie, Tim Nollen, Doug Shapiro, Shapiro, Disney, It'll, there's, Tim Cook, Eddy, Drew Angerer, Disney's, Penn, Joel Simkins, Stratechery's Ben Thompson, Thompson, — Iger, mused, signups, he's, Kevin Lansberry, I'm, Nollen Organizations: Disney, ABC, FX, Geographic, ESPN, Google, Netflix, Warner Bros, Discovery, Warner Bros . Discovery, Comcast, Marvel, Pixar, Apple, Walt Disney, Turner Broadcasting System, Apple's, Hulu, ESPN Iger, Penn Entertainment, Houlihan, Global Technology Group, LightShed Partners, Flagship Locations: Orlando , Florida, Sun
Hulu + Live TV is among the best live TV streaming services you can sign up for. Hulu + Live TV pricing and plansWhat channels come with Hulu + Live TV? Though the service includes most popular cable stations, there is one notable exception: Hulu + Live TV does not support AMC. You can now access Hulu + Live TV through the Hulu app or website with your account. All Hulu + Live TV memberships include Disney Plus and ESPN Plus as part of a subscription.
Persons: Hulu, Nick Español, Ted Soqui, you'll Organizations: Hulu, Disney Plus, ESPN, Service, ESPN Plus, Disney, ABC, CBS, Fox, NBC, FX, CNN, Cartoon Network, Disney Channel, Bravo, Paramount Network, Food Network, AMC, Showtime, Cinemax, Starz, Channel BET, Boomerang, MTV2 MTV, Familia ESPN Deportes Fox Deportes, HGTV NBC, Racing, NFL, Outdoor Channel Locations: Wall, Silicon
Disney 's ESPN is launching a betting sportsbook, putting the sports entertainment unit deeper into the wagering world. U.S. gambling company Penn Entertainment said it is partnering with ESPN to rebrand and relaunch its sportsbook as ESPN Bet. ESPN Bet will take over Penn's Barstool Sportsbook and become ESPN's exclusive operation. As part of the deal, Penn will pay ESPN $1.5 billion in cash over the 10-year period. Correction: Penn Entertainment reported in February that its sports-betting business turned a profit in the final three months of the fiscal year.
Persons: Bob Chapek, Bob Iger, David Portnoy, Penn, Portnoy, — CNBC's Alex Sherman Organizations: Disney, ESPN, Penn Entertainment, ESPN Bet, Hulu, CNBC, Penn, Sports, Barstool Locations: U.S
Special episode: The growing pains of women's soccer
  + stars: | 2023-07-29 | by ( ) www.reuters.com   time to read: 1 min
This year's Women’s World Cup is the setting for a new generation of women at the top of their game. As the game grows, so does the risk of injury. In this special podcast, we look at the disparities in pay and resources between genders, and how what TV networks are willing to pay doesn’t always match up. Plus the big money in men's soccer is coming from a new direction - Saudi Arabia. What does that mean for the women's game?
Persons: doesn’t Organizations: Apple, Google, Reuters, Thomson Locations: Saudi Arabia
NBCUniversal's sports portfolio has been driving growth at its streaming service Peacock, and the company has no plans to let up, with other sports rights deals top of mind. Sports are a double-edged sword for media companies contending with relentless cord cutting and trying to make their streaming services profitable. At the same time, sports are serving as a propeller of growth for streaming, especially for fledgling services such as Peacock and Paramount Global's Paramount+. NBCUniversal's parent company, Comcast , on Thursday touted that Peacock nearly doubled its customer count year over year to 24 million. According to Cavanagh, simultaneous streaming has given the company and its sports assets "tremendous reach," and all at a lower cost to the consumer.
Persons: Travis Kelce, Raymond James Stadium, Peacock, Mike Cavanagh, Cavanagh, it's Organizations: Kansas City Chiefs, Tampa Bay Buccaneers, Paramount, Comcast, Sports, NFL, Nascar, Premier League, Telemundo —, Paris Olympics, Sunday, Football, Premier League soccer
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