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Willow Bay and Bob Iger will take a controlling stake in Angel City Football Club, the world's most valuable women's professional sports team. On Wednesday, Angel City of the National Women's Soccer League announced the couple had agreed to an investment of an undisclosed amount that values the team at $250 million. The club said Bay and Iger will invest an additional $50 million in the club's future growth. Bay will serve on and have full control of the Angel City FC board, the team said. Last year, Angel City FC generated the highest revenue of any women's team in the world.
Persons: Bob Iger, Willow Organizations: Walt Disney Co, Allen & Company Sun Valley Conference, Angel City Football Club, National Women's Soccer League, Angel City FC, ACFC Locations: Sun Valley , Idaho, Willow, Angel City
Bob Iger is now a controlling owner of the Los Angeles-based Angel City FC. Iger and his wife, Willow Bay, reached a deal with the soccer franchise worth $250 million. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBob Iger and Willow Bay are the new majority owners of Angel City FC. The deal makes Angel City FC the most valuable women's sports team in the world, and the couple plan to invest an extra $50 million into the club.
Persons: Bob Iger, Willow, Organizations: Los, Angel City FC, Iger, Service, Walt Disney Co, USC Annenberg School for Communication, Journalism, Business Locations: Los Angeles, Willow Bay, Willow
CNN —Shelley Duvall, best known for her roles in “The Shining” and several acclaimed Robert Altman films, has died, according to reports, citing a family spokesperson and her longtime partner. Duvall died in her sleep at their home in Blanco, Texas of complications of diabetes, Dan Gilroy, her life partner of more than 30 years, told The Hollywood Reporter. She returned to screens and in 2023 for the horror film “The Forrest Hills.”“I wanted to act again. And then this guy kept calling, and so I wound up doing it,” Duvall quipped in her interview with the Times. “If you ever do a horror film, other horror films are going to come to you, no matter what you do.”
Persons: CNN — Shelley Duvall, Robert Altman, Duvall, Dan Gilroy, ” Gilroy, Shelley, , Jack Nicholson, Robin Williams, Altman, “ Brewster, ” Shelley Duvall, Warner, Shutterstock Duvall, Hall ”, “ McCabe, Miller, Shelley Duvall, Williams, , Phil, Walt, hadn’t, it’s, Gilroy, ” Duvall Organizations: CNN, Hollywood, Warner Bros, Hawk Films, , Cannes, Boca Raton, Walt Disney, Paramount, New York Times, Times Locations: Blanco , Texas, , Texas, Forrest
Joe Biden is still standing, refusing to bow out — he reiterated that once again in a lengthy and mostly successful news conference on Thursday night. Some may view it as selfish and irresponsible. Some may even see it as dangerous. But I see it as remarkable. Despite sending a clear message — in his recent flurry of interviews and rallies, in his stalwart address this week to members of the NATO alliance and in his letter on Monday to congressional Democrats, in which he assured them that “I wouldn’t be running again if I did not absolutely believe I was the best person to beat Donald Trump in 2024” — there’s still a slow drumbeat from luminaries, donors and elected officials trying to write Biden’s political obituary.
Persons: Joe Biden, , Donald Trump, Ari Emanuel, Rahm Emanuel, Biden “, Stephen King, ” Abigail Disney, Walt Disney, , Biden Organizations: NATO Locations: Japan
Tokyo Disneyland's owner, Oriental Land, will invest $2 billion to bring Disney cruises to Japan. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTokyo Disneyland's owner is doubling down on the Disney magic with a new investment in cruises. Oriental Land, which owns and operates Disney Resorts in Tokyo, said on Tuesday it will invest $2 billion to launch Disney cruises in Japan.
Persons: Organizations: Disney, Service, Disney Resorts, Walt Disney Company, Business Locations: Tokyo, Oriental, Japan
Read previewPresident Joe Biden canceled an early evening meeting with the German chancellor Olaf Scholz at the last minute because he had to go to bed, according to a report by The Wall Street Journal. According to the report, the chancellor and his aides were surprised by Biden's absence and Blinken's appearance. Related storiesThe Journal report said that the White House has consistently reduced Biden's daily schedule and shielded him from impromptu meetings. AdvertisementBoth CNN and The New York Times have reported that Biden told governors he needed to get more sleep and stop holding events after 8 p.m. The White House has not responded to these claims.
Persons: , Joe Biden, Olaf Scholz, Antony Blinken, Biden, Axios, Donald Trump, ABC's George Stephanopolous, Abigail Disney, Walt Disney's grandniece Organizations: Service, Wall Street, Business, State Department, White, CNN, The New York Times, Democratic, Senate Foreign Relations, Trump, Alliance, Biden Locations: Germany, Ukraine, China, Russia, Washington
President Joe Biden is facing an uprising from some his own party's wealthy donors, including an heiress to the Disney family fortune, who say they will no longer fund the Democratic Party until Biden drops out of the presidential race following his disastrous debate performance. The president has said he has no plans to withdraw from the race, despite calls for him to do so. "I intend to stop any contributions to the party unless and until they replace Biden at the top of the ticket. Disney pointed to Vice President Kamala Harris as a solid alternative to Biden, arguing she'd be able to defeat Trump. Jurvetson is among the top 50 donors this cycle across the country, donating over $5 million to Democrats, according to OpenSecrets.
Persons: Joe Biden, Donald Trump's, Disney, Biden, Abigail Disney, Roy O, Donald Trump, Lloyd Doggett, Jane Fonda, Kamala Harris, she'd, quibbling, Gideon Stein, he's, Stein, I've, Karla Jurvetson, Jurvetson Organizations: U.S, Supreme, Republican, White, Democratic Party, Walt Disney Company, CNBC, Trump, New York Times, Sienna, Representatives, Disney, Biden, Democratic, FEC Locations: Washington , U.S, Texas
Amy Poehler and Maya Hawke voice Joy and Anxiety, respectively, in Disney and Pixar's "Inside Out 2." The animated feature has tallied $1.014 billion worldwide as of Sunday, making it the highest-grossing film of 2024 and the first film since Warner Bros.′ "Barbie" to top $1 billion at the global box office. A once prolifically successful studio, Pixar has suffered at the box office in the wake of the pandemic. As a result, before "Inside Out 2," no Disney animated feature from Pixar or its Walt Disney Animation studio had generated more than $480 million at the global box office since 2019. "Inside Out 2" has also showcased how vital the family audience is to the box office.
Persons: Amy Poehler, Maya Hawke, Joy, Disney's, Michael O'Leary, Mario Organizations: Warner Bros, National Association of Theatre, Pixar, Disney, Walt Disney Animation, Mario Bros, Comcast, CNBC Locations: Disney, EntTelligence, NBCUniversal
Here's a rapid-fire update on all 33 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Best Buy : Jim said Best Buy's pullback in recent days has created a buying opportunity in the electronics retailer. Salesforce : The stock has in recent weeks clawed back some of its post-earnings plunge , even before Thursday's 6% surge. Wynn Resorts : Wynn is another stock in the portfolio that, it's become increasingly clear, trades based on its exposure to China. 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, Wall, Abbott, Johnson, We're, haven't, it's, Walt Disney, Estee Lauder, levered, Eli Lilly, Lilly, Morgan Stanley, Goldman Sachs, OpenAI, Jensen Huang, Nikesh Arora's, Stanley Black, Decker, TJX, We've, Wells, Charlie Scharf poaches, Wynn, Jim Cramer, Michael M Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Abbott Laboratories, Prime, Web, Broadcom, VMWare, Costco Wholesale, Costco, Coterra Energy, DuPont, Walt, Disney, Nvidia, Ford Motor, Ford, Blue, Motors, GE Healthcare, GE, Management, Honeywell, Linde, Microsoft, Palo Alto Networks, Procter & Gamble, Constellation Brands, Modelo, Corona, Fed, TJX, JPMorgan, Wynn Resorts, Wynn, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty Locations: China, Covid, Dover, Eaton, Palo Alto, U.S, Wells Fargo, Las Vegas
Disney World is replacing its Genie+ service and individual Lightning Lane entry pass. Guests can use the Lightning Lane Multi Pass and Lightning Lane Single Pass starting July 24. AdvertisementWalt Disney World will allow guests to make ride reservations a week in advance — but there's a catch. "Walt Disney World will introduce new, simpler names to provide more clarity for everyone," a press release published Tuesday read. "Disney Genie+ service will become Lightning Lane Multi Pass, while individual Lightning Lane will now be known as Lightning Lane Single Pass."
Persons: Lightning, Lane, Organizations: Disney, Service, Walt Disney, Disney Parks Blog, Lightning, Business Locations: Florida
Disney picked up an endorsement from a top Wall Street firm — but Jim Cramer said the analysts' reasons to buy are not enough to drive the stock higher. Goldman Sachs initiated coverage of Disney with a buy rating and $125-per-share price target, implying more than 22% upside from where the stock closed Monday. In addition to recommending Disney, analysts started coverage of Fox and Comcast , the parent company of CNBC, with buy ratings. The firm sees Disney as the best-positioned rival to streaming leader Netflix and predicted steady progress on profitability ahead. A sign welcomes visitors near an entrance to Walt Disney World on February 01, 2024, in Orlando, Florida.
Persons: Jim Cramer, Goldman Sachs, Jim, Goldman, Nelson Peltz's, we're, Bob Iger's, We're, hasn't, Jim Cramer's, Joe Raedle Organizations: Disney, ESPN, , Fox, Comcast, CNBC, Hulu, Sports, Entertainment, Netflix, Walt Disney World, Getty Locations: Orlando , Florida
Here are the stocks making headlines before Wall Street's opening bell on Tuesday. SolarEdge Technologies — The green energy stock fell more than 17% after announcing a new debt offering. SolarEdge said it will offer $300 million worth of convertible notes, due 2029. Pool Corp — Shares sank 12.4% after the wholesale pool supplies distributor revised full-year earnings guidance postmarket Monday. Enerpac Tool Group — The industrial supplies stock fell more than 9% after reporting sales declined year over year in the fiscal third quarter.
Persons: Wall, SolarEdge, Raymond James, Walt Disney — Goldman Sachs, , Alex Harring, Michelle Fox Theobald, Sarah Min Organizations: SolarEdge Technologies, Leslie's Inc, JPMorgan, Penn Entertainment, Disney, Microsoft, Xbox, Airbus — Locations: Singapore, France
Netflix wants to be Disney when it grows up
  + stars: | 2024-06-24 | by ( Lauren Edmonds | ) www.businessinsider.com   time to read: +6 min
The company will unveil its first Netflix House venues in 2025 at two US-based malls: King of Prussia and Galleria Dallas. "We've launched more than 50 experiences in 25 cities, and Netflix House represents the next generation of our distinctive offerings. At a 2019 conference, former Disney CEO Reed Hastings said that Netflix admired Disney. Advertisement"Think of Hollywood Studios," McCoy said, referring to the Walt Disney World theme park. Netflix House and then Netflix World?
Persons: , of Prussia, We've, Marian Lee, Joe Burbank, Reed Hastings, playbook, Steinberg, Ericka McCoy, there's, King of Prussia, McCoy, Matt Voda, Voda, it's Organizations: Service, Netflix, Galleria Dallas, Business, Walt Disney Company, Walt Disney, Orlando Sentinel, Tribune, Getty, Disney, Zeta Global, . Orlando Sentinel, Sears, Hollywood Studios, Hollywood Studios . Orlando Sentinel, OptiMine Locations: California, Magic, Florida, Lycoming Mall, Pennsylvania
Disney and Pixar's "Inside Out 2" could be the first film since Warner Bros.' "Barbie" to top $1 billion at the global box office. "Inside Out 2" has yet to open in Japan, which contributed nearly $33 million to the $850.5 million global total of the first film in 2015. Before "Inside Out 2," no Disney animated feature from Pixar or Walt Disney Animation had generated more than $480 million at the global box office since 2019. "'Inside Out 2's' performance is the culmination of many things," said Shawn Robbins, founder and owner of Box Office Theory. Last year, that audience came out in droves for Universal's "The Super Mario Bros. Movie," which generated more than $1.36 billion at the global box office.
Persons: Phyllis Smith, Amy Poehler, Paul Dergarabedian, Shawn Robbins, Mario, Robbins, NBCUniversal Organizations: Disney, Warner Bros, Pixar, Walt Disney Animation, Force, Mario Bros, Comcast, CNBC Locations: Japan, NBCUniversal
Dividend payouts hit a record high during the first quarter of 2024. Below are 14 names with the highest yields among buy-rated stocks, according to TipRanks. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Amid rising profits, US companies paid a record $164.3 billion in dividends to shareholders in the first quarter, according to the Janus Henderson Global Dividend Index. And there's more to come: S&P 500 companies are forecast to increase dividend payments by 6% this year, a step up from the 5.1% growth last year, according to S&P Dow Jones Indices.
Persons: , you've, Janus Henderson, Walt Disney, Dow Organizations: Service, Meta, Mobile, Dow Jones, Business
For a Story on Disney, a Writer Tests New Waters
  + stars: | 2024-06-19 | by ( Brooks Barnes | ) www.nytimes.com   time to read: +1 min
Times Insider explains who we are and what we do and delivers behind-the-scenes insights into how our journalism comes together. I suppose I qualify as a Disney Adult, the pejorative term for grown-ups who visit Disney theme parks without children in tow. Disney has 12 theme parks and two water parks around the world, and I’ve been to all of them. I was at Walt Disney World in Florida when the theme park reopened in July 2020 after closing for four months during the coronavirus pandemic. And this month, when Disney World began testing its newest ride, Tiana’s Bayou Adventure, I was on it.
Persons: I’ve, Mickey Mouse Organizations: Disney, Walt Disney Locations: Florida, California, Turkey
CNN —Two employees are suing the Walt Disney Company, saying the company moved their jobs from California to Florida, only for Disney to cancel the project and move them back, hurting them financially and emotionally. But in May 2023, after CEO Bob Iger returned, the company canceled the $1 billion Lake Nona office complex amid a legal and political battle with Republican Gov. The plaintiffs, Maria De La Cruz and George Fong, both work for Disney’s product design division. The complaint alleges that Disney misrepresented and concealed its true plans for the Lake Nona project, hurting – financially and otherwise – at least 250 employees who had made the move from California to Florida. De La Cruz, Mr. Fong and many others dutifully moved to Florida because they love their jobs, they love the people they work with, and they love Disney,” Attorney Jason Lohr said.
Persons: They’re, Bob Chapek, Bob Iger, Ron DeSantis, Maria De La Cruz, George Fong, De La Cruz, Fong, Lohr Ripamonti, Disney, , Disney “, De, Ms, Jason Lohr Organizations: CNN, Walt Disney Company, Disney, Republican Gov, Lohr, Superior Court of, Lake, Florida Locations: California, Florida, Nona, Superior Court of Los Angeles, De La, Southern California, Central Florida
Business Insider spoke with former Disney World employees about their favorite places to eat on the property. AdvertisementFlame Tree Barbecue at Animal Kingdom is a must-tryFor former Magic Kingdom employee Kaitlyn Cahalen, Flame Tree Barbecue is the main Animal Kingdom restaurant she frequents. Jenna ClarkIf you're traveling to Disney World with picky eaters, Roundup Rodeo BBQ in Toy Story Land at Hollywood Studios can be a lifesaver. AdvertisementKalyn Breisch, a former Disney College Program participant who worked at Epcot, told Business Insider that she can be picky. First, because it's always delicious, and second because it reminds me of very happy memories of when my parents came to Disney World."
Persons: , Kaitlyn Cahalen, Jenna Clark, Kalyn, Le Cellier, Josie Maida Aguirre, Matt Stroshane, Walt, Joyce Wingate Boyden, Wingate Boyden, Breisch, Brown, Carly Caramanna, Hollywood Brown Organizations: Service, Business, Disney, Magic, Kingdom, Hollywood Studios, Disney College, Epcot, Disney World, Walt Disney, Vine, Hollywood Brown Derby, Brown Derby, Hollywood Locations: Animal Kingdom, Canada, Magic, California
Disney agreed to a $9.5 million settlement with guests who purchased a Dream Key pass in 2021. A lawsuit claimed Disney misled guests into believing the annual pass had no block-out dates. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDisneyland guests who paid nearly $1,400 for a Dream Key annual pass can soon expect a check from Disney. Payments from the $9.5 million settlement were sent to eligible class action lawsuit members through the mail and digitally on June 14.
Persons: Disney, , Jenale Nielsen Organizations: Disney, Service, Walt Disney Parks and Resorts, Business Locations: California
"Inside Out 2" debuted with an estimated $155 million domestically, the second-highest theatrical opening of an animated film and the first film since Warner Bros.' "Barbie" to top $100 million during its debut. Of note, Disney does not consider its 2019 live-action remake of "The Lion King," which generated $191.7 million during its debut, an animation film. "Let's issue a collective 'welcome back' to Disney, Pixar, and the summer box office," said Shawn Robbins, founder and owner of Box Office Theory." Typically, these films average $100 million to $200 million openings, with 2019's "Avengers: Endgame" hitting a record $357.1 million. It boasts the biggest domestic debut of 2024, surpassing "Dune: Part Two" and its $82.5 million in opening weekend ticket sales.
Persons: King, Shawn Robbins, Robbins, Paul Dergarabedian, Guy, Comscore's Dergarabedian, Disney, Hunter Organizations: Disney, Pixar, Warner Bros, Walt Disney Animation, Marvel, Labor, Comcast, CNBC Locations: North America, Comscore, NBCUniversal
Disney | PixarDisney is looking to bring a little joy to theaters with its upcoming release of Pixar's "Inside Out 2." For comparison, 2019's "Toy Story 4" generated $12 million on its Thursday previews and snared $120.9 million for its opening weekend. Only a rare few films would extend beyond that date — usually massive franchise films or blockbuster hits. "Ninety-day windows were always going to be unsustainable," said Jeff Kaufman, senior vice president of film and marketing at Malco Theaters. Box office experts are looking to "Inside Out 2" as a barometer for the health of Pixar and its future.
Persons: Disney, Jeff Kaufman, Daniel Loria, Loria, There's, Scarlet Johannson, Sean Gamble, Luca Organizations: Disney, Pixar Disney, Warner Bros, Pixar, Universal, Malco, Box Office Company, Studios, Hollywood, Lionsgate, Universal —, Paramount, Sony, Fox, Searchlight —, Marvel, Walt Disney Animation Locations: United States, Canada, North America, U.S
Read previewCentral Florida's tourism district unanimously approved a $17 billion development deal with Disney that could mean a new era for the company's profitable theme parks. Members of the Central Florida Tourism Oversight District's board of supervisors pushed through the landmark deal on Wednesday evening during a meeting at its Lake Buena Vista headquarters. "This agreement is a big win for central Florida and will lead to numerous jobs and improved guest experiences." It will also permit Disney to build a fifth major theme park and two minor theme parks — something Disney fans have fantasized about for years. The development deal also authorizes Disney to add more rooms to its Central Florida hotel and expand its retail and restaurant space.
Persons: , Ron DeSantis, Joe Burbank, Brian Aungst, Charbel Barakat, DeSantis, Bryan Griffin, Disney hasn't, George Miliotes Organizations: Service, Disney, Central, Central Florida Tourism, Business, Florida Gov, Orlando Sentinel, Tribune, Getty, Walt Disney, Communications, Wine Bar Locations: Central Florida, Buena Vista, Disney, Florida, Disney Springs
On doing 10 auditions for 'Sixteen Candles' and casting John Cusack himselfJohn Cusack, Hall, and Darren Harris in "Sixteen Candles." Is it true that you were the one who cast John Cusack for the role of Bryce, one of Ted's geek friends? I remember John was doing post-production on "Sixteen Candles," and he wanted to show it to me. This is six or eight months later because he did "Sixteen Candles," "The Breakfast Club," and "Weird Science" consecutively. On Christopher Nolan's on-set uniform and developing a 'Succession'-like TV series with Robert Downey Jr.(L-R) Roberty Downey Jr. and Anthony Michael Hall.
Persons: Anthony Michael Hall, Chase, John Candy, John Hughes, Hall, Bill Gates, Christopher Nolan's, Michael Myers, Jessica Alba's, Stanley Kubrick's, Robert Downey Jr, John Candy Anthony Michael Hall, I'm, Eugene Levy, Michael, Uncle Buck, John Cusack, Darren Harris, Ted, Jackie Burch, John, Bryce, Ally Sheedy, Judd Nelson, Emilio Estevez, Molly Ringwald, Ilan Mitchell, Smith, Hughes, Ferris, Chateau Marmont, Mike Tyson, , I'd, Tim Burton, Edward Scissorhands, Matthew Modine, Davis, Stanley Kubrick, Kubrick's, Kubrick, that's, Chaplin, Winona Ryder, Fox, Jim, Tim Burton's, Tim, Walt Disney, Roberty Downey, Eric Charbonneau, WireImage, Christopher Nolan, Burton, Nolan, it's, Downey, It's, he's, You've, I've Organizations: Business, Netflix, Warner Bros, Hall, Columbia Locations: Hollywood, Silicon Valley, Polish, New York, Manhattan, Beverly Hills, Tampa
Disney is once again donating to politicians — just months after ending its feud with Ron DeSantis. The Florida theme park is even donating to Republicans who voted for the state's so-called "Don't Say Gay" bill. AdvertisementSince ending its feud with Florida Gov. Ron DeSantis, Disney has wasted no time donating to Republicans again. That's an about-face for the House of Mouse, which had paused political donations as it brawled with DeSantis.
Persons: , Ron DeSantis Organizations: Disney, Service, Florida Gov, Walt Disney Co, Republican, Orlando Sentinel Locations: Florida
Disney and Gov. Ron DeSantis of Florida have finally ended their feud, clearing the way for $17 billion in planned development at Walt Disney World near Orlando. On Wednesday night, the Central Florida Tourism Oversight District — an entity that Mr. DeSantis took over in 2022, ending 55 years of Disney control and sparking multiple lawsuits — gave the company a big part of what it wanted all along: a locked-in, long-term plan for expanding Disney World. At least for the next 15 years, the length of the new agreement, Disney can develop the resort without worrying about interference by Florida politicians. Put bluntly, state leaders can no longer use growth at the 25,000-acre resort as a political weapon, as Mr. DeSantis did two years ago after Disney said it would fight to repeal a state education law that opponents called anti-gay.
Persons: Ron DeSantis, DeSantis, , Disney, Jeff Vahle Organizations: Disney, Walt Disney, Central Locations: Florida, Orlando, Central Florida
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