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☆ Ranking the biggest winners, and losers, in the current economy
▼ + stars: | 2023-11-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

NEW LOOK 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 . In today's big story, we're ranking how different generations are doing in the current economy. After watching their parents and predecessors (millennials) struggle with finances, Gen Z is taking matters into their own hands. A May survey found more than half of Gen Z respondents had already started investing.

Persons: —, Tom Brady, Brooks Kraft, who's, It's, They've, Gen Zers, Gen Z, Gen, they've, Zers, HENRY, There's, aren't, Jamie Dimon, Dimon, Banks, Goldman Sachs, Joel Saget, Loren Elliott, Andreessen Horowitz, Elon, Barack Obama's, Allen Berezovsky, Getty, Roberto Machado Noa, Rowan Jordan, Tyler Le, Bob Iger's, it's, that's, Scooter Braun's, Camila Sterling, David Bolno, Sterling, Vivek Ramaswamy, Nikki Haley, Chris Christie, Will Smith, LL, Queen Latifah, Remy Ma, Chris Sattlberger, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Brooks Kraft LLC, Alpha, Beta, Getty, JPMorgan, Treasury, MDs, AFP, Getty Images Google, Microsoft, Google, US, Disney, Republican, NBC News, CBS, Walt Disney Company, Bayer, Airbus Locations: Ukraine, California, Florida, New York City, San Diego, London, New York

SAN FRANCISCO (AP) — Walt Disney Co. on Wednesday reported sharp profit growth for its fiscal fourth quarter while announcing an expansion of its cost-cutting drive under returning CEO Bob Iger. Disney said its net income jumped 63% to $264 million in the quarter that ended Sept. 30, up from $162 million a year earlier. The company credited cost-cutting and other efficiencies from restructuring as well as continued subscription growth in its streaming business. On the streaming front, Iger said the company added nearly 7 million core Disney+ subscribers in the quarter. But he noted that Disney is also looking for ways to begin delivering more sports events via ESPN's streaming platform.

Persons: Bob Iger, Iger, Bob Chapek, ”, “ Organizations: FRANCISCO, Walt Disney Co, Disney, Hulu, Industry, Revenue, ESPN Locations: FactSet, Burbank , California

☆ Bob Iger's return as Disney's CEO once sparked hope inside the company. Now, insiders are anxious and losing faith.
▼ + stars: | 2023-11-07 | by ( Lucia Moses | Reed Alexander | ) www.businessinsider.com time to read: +15 min

"There was a lot of excitement and hope at the return of Bob Iger a year ago," a current Disney staffer told Insider. Uncertainty about the company's future and about who's deciding what on the creative side has left execs in a state of inertia, according to an entertainment lawyer with knowledge of Disney's business. The declining linear TV business culminated in a standoff with Charter Communications over terms for a new contract for carrying Disney's cable channels. And Disney's streaming business, which was supposed to make up for the decline in cable revenues, has lost $11 billion since Disney+ launched in 2019. Churn is a top concern in Disney streaming, some employees said.

Persons: Goofy, what's, Bob Iger, Bob Chapek, He's, confidants, Zenia Mucha, Alan Braverman, Alan Horn, Jayne Parker, Christine McCarthy —, Mickey, Ariel, grumbled, Iger's, It's, he's, Iger, Paul Verna, Chapek, Bob, it's, Ron DeSantis —, Iger —, Nelson Peltz, he'd, hasn't, Verna, Disney, Ike Perlmutter, Peltz, Perlmutter, Ike, Disney's, Paul Singer, Kevin Mayer, Tom Staggs, Puck, Stagg's Blackstone, Intelligence's Verna Organizations: Walt Disney Co, Disney, ABC, Hollywood, CNBC, Writers Guild of America, Wall, Insider Intelligence, Marvel, Lucasfilm, Century Fox, Google, Facebook, Netflix, Communications, Florida Gov, Hulu, ESPN Iger, FX, Geographic, ESPN, Apple, Electronic, Elliott Investment Management, Bloomberg, Mayer Locations: Burbank, Hollywood, Florida's, Iger

☆ Disney taps PepsiCo veteran Johnston as CFO
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 6 (Reuters) - Walt Disney (DIS.N) on Monday hired PepsiCo (PEP.O) veteran Hugh Johnston as its chief financial officer, strengthening top boss Bob Iger's hands as he tries to turn around the media giant facing a decline in its cable business and investor pressure. Johnston had also helped guide the Doritos maker through its bitter battle with activist investor Nelson Peltz's Trian Fund Management. At PepsiCo, Johnston will be replaced by Jamie Caulfield, currently CFO at the company's North America business. Johnston will receive an annual base salary of $2 million, Disney said, compared with the $1 million base salary he received at PepsiCo at of the end of 2022, according to a regulatory filing.

Persons: Brendan McDermid, Walt Disney, Hugh Johnston, Bob Iger's, Johnston, Nelson Peltz's, Trian, Michael Ashley Schulman, Christine McCarthy, Jamie Caulfield, Disney, Akash Sriram, Aishwarya Venugopal, Sriraj Organizations: Walt Disney Company, New York Stock Exchange, REUTERS, Monday, PepsiCo, ESPN, Fund Management, Disney, Running, Microsoft, HCA Healthcare, Hollywood, Thomson Locations: New York, U.S, America, Bengaluru

The Walt Disney Co. on Monday named 34-year PepsiCo veteran Hugh Johnston as its new chief financial officer. Johnston, who has been PepsiCo's CFO since 2010, will replace Kevin Lansberry effective Dec. 4. Johnston has served a variety of roles at PepsiCo beginning in 1987. Johnston will report to Disney CEO Bob Iger, who returned to the Burbank, California entertainment giant just less than a year ago. Ron DeSantis of Florida, where Disney runs the giant Walt Disney World theme park resort.

Persons: Hugh Johnston, Johnston, Kevin Lansberry, Lansberry, Bob Iger, ” Iger, Iger, Bob Chapek, Chapek, Ron DeSantis, “, ” Organizations: Walt Disney Co, PepsiCo, Merck & Co, Microsoft, HCA Healthcare, Disney, Gov, Walt Disney Locations: , New York, Burbank , California, America, Florida

☆ Wall Street will try to maintain momentum next week after a strong start to November
▼ + stars: | 2023-11-03 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Stocks will try to maintain their upward momentum next week after a strong start to November, with Treasury yields falling from their highs and investors betting the Federal Reserve may well be done raising interest rates. Those gains came after the Fed kept rates unchanged for a second straight meeting, and as bond yields tumbled. Earnings and economic data Of course, investors will absorb some notable data next week. "Bond yields are the primary concern for investors and what drives bond yields are supply and demand," Stovall said. Initial Claims (11/04) Earnings: Wynn Resorts Friday, Nov. 10, 2023 10 a.m. Michigan Sentiment preliminary (November) 2 p.m. Treasury Budget (October)

Persons: Stocks, Sam Stovall, Stovall, FactSet, D.R, Horton, Jerome Powell, he's, they've, Dave Sekera, Cook, John Williams, Sekera, you've, Erika H, James, Ralph Lauren, Warner Organizations: Treasury, Reserve, Nasdaq, Fed, Stock Traders, International Monetary Fund, Morningstar Research Services, Duke University, New York Federal Reserve, Duke University ,, Economic Club of New, Harvard Club, Consumer Credit, Occidental Petroleum, eBay, Air Products, Chemicals, DC, Walt Disney Company, MGM Resorts International, Warner Bros, Wynn Resorts, Treasury Budget Locations: Michigan, U.S, Washington ,, Duke University , Durham, N.C, Economic Club of New York, Horton, Washington, a.m

☆ Sports betting, online casino boom fuels big DraftKings revenue gains as rivals vie for market share
▼ + stars: | 2023-11-03 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

The growth of online sports betting and casino gaming across the U.S. has led to soaring revenue for sportsbook companies, but an already crowded race for consumers' dollars is about to get more competitive. Its success, which sent shares more than 16% higher Friday, came not only from sports betting, but also from online versions of casino games. Revenue is expected to grow yearly by 17.3% to reach a projected market volume of $14.4 billion by 2027. Meanwhile, despite being legal in just six states, revenue in the online gaming market is projected to reach $19.1 billion in 2023, according to Statista data. Revenue for online gaming is projected to grow 12.9% yearly and hit $31.1 billion by 2027.

Persons: It's Organizations: Caesars, MGM, Walt Disney Company, ESPN BET, Revenue Locations: U.S

☆ 'Sound of Freedom,' hit child-trafficking thriller endorsed by Trump, will stream on Amazon
▼ + stars: | 2023-11-03 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Amazon Prime Video has secured the rights to one of the hottest box office releases of 2023 — Angel Studios' "Sound of Freedom." Angel Studios calls the model "pay it forward." Angel Studios, which has become known for its faith-based content, has a wide variety of projects on the docket going forward. The studio is set to release a sci-fi thriller called "The Shift" in December and biographical drama "Cabrini" in March. Correction: An earlier version of this story misstated how many "pay it forward" tickets Angel Studios sold for "Sound of Freedom."

Persons: Jim Caviezel, Donald Trump, Cabrini Organizations: Amazon, Angel, Angel Studios, Century Fox, Walt Disney Co Locations: U.S, Colombia, Bedminster , New Jersey

☆ A Hulu exec details how elaborate partnerships 'surprise and delight' audiences and boost followings for big releases like Oprah-produced 'Black Cake'
▼ + stars: | 2023-11-01 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Disney's Hulu has a lot riding on "Black Cake," its adaptation of Charmaine Wilkerson's New York Times bestseller that centers on a Black family and spans decades and geographies from Jamaica to Scotland to California. Several Caribbean bakeries across the US will give out samples of black cake, the rum-soaked treat that's at the heart of the story. Hulu's partnerships start with the audienceMatthews and her team put together about a dozen partnerships a year tied to big releases. For "Black Cake," the book's fan base and defining themes were front and center for Hulu. Customers must be members of Barnes & Noble's Premium Membership ($39.99 a year) to see the "Black Cake" sneak peek, which let the bookseller promote its rewards program.

Persons: Charmaine Wilkerson's, Marissa Jo Cerar, Oprah Winfrey, Aaron Kaplan, Hulu, Noble, Adia Matthews, Matthews, screeners, —, Danny Trejo —, Postmates, Selena Gomez's, Cynthia Di Meo, Mabel Mora, Influencers, Barnes Organizations: Hulu, Charmaine Wilkerson's New York Times, Harpo Films, Entertainment, Barnes, Spelman College, Howard University, Hollywood, Con, Samba, Walt Disney Co, Disney Locations: Jamaica, Scotland, California, Caribbean, it's, Southern California, Los Angeles, LA, American, Hollywood

Walt Disney Co. said it will acquire a 33% stake in Hulu from Comcast for approximately $8.6 billion, a deal that will give Disney undisputed control of the streaming service. Disney has actually run Hulu since 2019, when Comcast ceded its authority to Disney and effectively became a silent partner. Disney joined in 2009, planning to offer shows from ABC, ESPN and the Disney Channel. A decade later, Disney gained majority control of the business when it acquired 21st Century Fox. Disney has treated Hulu as one of its own services for years — for instance, when it launched its own streaming service, Disney+, in 2019 and immediately offered a streaming bundle that included Hulu, Disney+ and ESPN+.

Persons: Walt, Disney, “, ” Hulu, Bob Iger, ” Iger, We’re Organizations: Walt Disney Co, Comcast, Disney, Hulu, ABC, ESPN, Disney Channel, Century Fox Locations: Hulu

☆ Disney Says It Will Take Full Control of Hulu
▼ + stars: | 2023-11-01 | by ( Brooks Barnes | More About Brooks Barnes | ) www.nytimes.com time to read: +1 min

The Walt Disney Company said on Wednesday that it would take full control of Hulu, one of the world’s most popular streaming services, by paying at least $8.61 billion to buy out Comcast, which owned a 33 percent stake. Comcast, which recently stopped supplying Hulu with shows like “Saturday Night Live” and “The Voice,” rerouting them instead to its Peacock streaming service, said in September that it had sped up negotiations to sell Hulu to Disney. Previously, Comcast and Disney agreed that Comcast could force Disney to buy its stake early next year (the “put”). At the same time, Disney had the ability at that point to require Comcast to sell (the “call”). “The acquisition of Comcast’s stake in Hulu at fair market value will further Disney’s streaming objectives,” Disney said in a statement.

Persons: ” Disney, “, ” Organizations: Walt Disney Company, Hulu, Comcast, Disney, ABC, Fox Locations: Hulu

☆ The sad, lonely secret behind America's never-ending wave of Marvel movies and Disney reboots
▼ + stars: | 2023-10-24 | by ( Walt Hickey | ) www.businessinsider.com time to read: +12 min

If the key driver of reboots is nostalgia — then the key driver of nostalgia is loneliness. Next, participants took Batcho's Nostalgia Inventory, a psychological test developed by Krystine Batcho in 1995 to quantify how deeply people feel nostalgia at a given time. If the key driver of reboots is nostalgia — then the key driver of nostalgia is loneliness. American health insurer Cigna has conducted a large loneliness survey since 2018, with over ten thousand respondents in the sample annually. In 2020, 61% of those surveyed were lonely, up 7 percentage points since the survey was first conducted in 2018.

Persons: Harry Potter, Krystine Batcho, lonelier, Cigna, reboots, Indiana Jones, Heather Jones, Walt Hickey, Zelda, backlist, SpongeBob, Percy Jackson, Workman Organizations: Walt Disney Company, Warner Bros, Sony, Fox, Southampton University, UCLA, Research Center, Pew Research, Gallup, Netflix, Recreation Locations: Wonderland, Orlando, England, Hogwarts, Kingdom, America, Hollywood

☆ Joe Flint — Reporter at The Wall Street Journal
▼ + stars: | 2023-10-22 | by ( Joe Flint | ) www.wsj.com time to read: 1 min

Joe FlintJoe Flint is a media and entertainment reporter for The Wall Street Journal based in the Los Angeles bureau covering everything from broadcast networks and sports to cable and streaming. Joe first joined The Wall Street Journal in 1999 in New York and left in 2006. He rejoined The Wall Street Journal in 2014 after several years with the Los Angeles Times. Joe has also been a senior writer at Variety and Entertainment Weekly. With more than three decades of experience, Joe is considered the dean of media reporters.

Persons: Joe Flint Joe Flint, Joe Organizations: Wall, Journal, Netflix, Apple, Warner Bros, Walt Disney Co, Wall Street, Los Angeles Times, Variety, Entertainment Locations: Los Angeles, New York

☆ Actors and Hollywood Studios to Restart Negotiations
▼ + stars: | 2023-10-21 | by ( Nicole Sperling | More About Nicole Sperling | ) www.nytimes.com time to read: +1 min

The major entertainment studios and the union representing tens of thousands of striking actors will return to the negotiating table on Tuesday, less than two weeks after talks were suspended because the sides remained far apart on significant issues. The restart of negotiations was announced in a joint statement on Saturday from the Alliance of Motion Picture and Television Producers, which bargains on behalf of the studios, and SAG-AFTRA, the actors’ union. On Oct. 9, the Writers Guild of America ratified its new contract and there had been hope that a new deal with the actors would follow. The strikes have been devastating financially for many, both within and outside the industry. But an agreement with the actors would mean getting back to work without losing the entirety of the fall television schedule or having next summer’s moviegoing season upended.

Persons: —, Donna Langley, Ted Sarandos, Robert A, David Zaslav — Organizations: Alliance, Television Producers, SAG, Netflix, Walt Disney Company, Warner Bros, Writers Guild of America Locations: California

☆ Robbie Whelan — Reporter at The Wall Street Journal
▼ + stars: | 2023-10-12 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

Robbie WhelanRobbie Whelan covers Walt Disney Co. and the business of Hollywood for The Wall Street Journal in Los Angeles. Robbie has worked for the WSJ since 2010 and has been based in New York City and Mexico City. In previous roles, he covered hospitals and public health policy, the shipping industry, commercial real estate, home-building companies and the U.S. housing market. From 2016 to 2020, Robbie was based in Mexico City working as a foreign correspondent for the Journal, covering corporate news, economics, politics, migration, trade and the drug war. He is a massive Steelers fan and an accomplished performer of rock, country and bluegrass music.

Persons: Robbie Whelan Robbie Whelan, Robbie Organizations: Walt Disney Co, The Wall Street, Johns Hopkins University, Steelers Locations: Hollywood, Los Angeles, New York City, Mexico City, Pittsburgh

☆ London exhibition celebrates 100 years of Disney
▼ + stars: | 2023-10-12 | by ( Marie-Louise Gumuchian | ) www.reuters.com time to read: +2 min

LONDON, Oct 12 (Reuters) - From Mickey Mouse sketches to Cinderella's glass slipper, a new exhibition opening in London on Friday celebrates 100 years of the magical world of Disney. More than 250 items are on display at "Disney 100: The Exhibition", which begins with an introduction to animator and producer Walt Disney and his character, Oswald The Lucky Rabbit, said to be a prototype for Mickey Mouse. Also featured are sketches and interactive stations, and items from Marvel, Pixar and the "Star Wars" films, now part of the Disney conglomerate. "These characters can remain true and universal for decades," said Goldberg, who has worked on various Disney characters starting with the Genie in the 1992 animated feature "Aladdin". The exhibition at London's ExCel, of which another version will open in Chicago next month, runs as The Walt Disney Company marks 100 years since its founding, considered to be when Walt and his brother Roy Disney signed a contract with New York cartoon distributor Margaret Winkler on Oct. 16, 1923.

Persons: Mickey, Walt Disney, Oswald The Lucky Rabbit, Mickey Mouse, Dick van Dyke, Mary Poppins, Lumiere, Cogsworth, Eric Goldberg, Goldberg, Bret Iwan, Walt, Roy Disney, Margaret Winkler, Marie, Louise Gumuchian, Richard Chang Organizations: Disney, Walt Disney Archives, Marvel, Pixar, Reuters, ExCel, Walt Disney Company, New York, Thomson Locations: London, Chicago, New

☆ Opinion: Julia Ormond is speaking for a generation of women who won’t be silenced
▼ + stars: | 2023-10-11 | by ( Opinion Sara Stewart | ) edition.cnn.com time to read: +8 min

Ormond’s claim alleges that Weinstein sexually assaulted her in 1995 after a business dinner and that Ormond told her agents about it, and that they advised her against speaking out about it. “Harvey Weinstein categorically denies the allegations made against him by Julia Ormond and he is prepared to vehemently defend himself,” a representative for Weinstein told CNN in a statement. It includes awful, if unsurprising, details from the lawsuit about what happened when she told her agents at the time. In addition, after the incident and her disclosure of it to her agents, Ormond says CAA lost interest in representing her and her career was damaged dramatically anyway. I once wrote an awards-season story about an actor/director accused of sexual harassment by multiple women on his team.

Persons: Sara Stewart, CNN —, Sara Stewart Todd Thompson, Julia Ormond, Harvey Weinstein, Weinstein, Ormond, Bryan Lourd, Kevin Huvane, “ Harvey Weinstein, ”, Ormond’s, Brad Pitt, Anthony Hopkins, Sean Connery, Sabrina ”, Harrison Ford, Greg Kinnear, wouldn’t, Annabella Sciorra, Darryl Hannah, Ashley Judd, Mira Sorvino, Rosanna Arquette, Heather Graham, Claire Forlani, Rae Dawn Chong, Salma Hayek, Uma Thurman, I’ve, I’m, Amber Heard, Russell Brand, who’ve Organizations: CNN, Variety, Creative Rights Agency, CAA, Walt Disney Company, Miramax, Mr, ” CNN, Women, Brennan Center, Justice Locations: Pennsylvania, “, Rolling, Hollywood

☆ Disneyland, Disney World lift some park ticket prices
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

A Spider Bot is pictured on a backpack ahead of the opening of the Avengers Campus area at Disney California Adventure Park in Anaheim, California, U.S., June 1, 2021. REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsOct 11 (Reuters) - Walt Disney Co (DIS.N) said on Wednesday it is raising some theme-park ticket prices for its Disneyland resort in California and Walt Disney World in Florida, weeks after the entertainment giant unveiled a hefty spending plan for its parks business. The company has hiked prices at Disneyland by up to 8.9%, with the price per ticket on busy days such as holidays increasing by 8.4% to $194. Yearly pass prices at Walt Disney World in Orlando are rising by up to 10%, with the most expensive Incredi-Pass now selling for $1,449, up $50. Earlier this month, Disney said it will offer discounts on ticket prices for children at its theme parks for a limited period as it looks to spur traffic.

Persons: Mario Anzuoni, Disney, hasn't, Chavi Mehta, Devika Organizations: Disney, REUTERS, Walt Disney Co, Walt Disney, Thomson Locations: Anaheim , California, U.S, California, Florida, Orlando, United States, Bengaluru

☆ Peltz's Trian up 3% this year even as Disney bet soured
▼ + stars: | 2023-10-10 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +1 min

NEW YORK, Oct 10 (Reuters) - Nelson Peltz's Trian Fund Management returned nearly 3% in the first nine months of the year, investors said on Tuesday, as his bet on Walt Disney Co (DIS.N) contributed to the activist hedge fund lagging its peers' returns. Disney's stock price has tumbled roughly 30% since February, when Peltz ended a battle for a board seat but kept Trian invested in the stock. Some blue-chip activist investors, including Bill Ackman's Pershing Square Capital Management and Jeff Smith's Starboard Value, are posting better numbers. The average activist investor gained nearly 7% through the end of September, according to Hedge Fund Research data. At the end of June, the average activist investor was up 11.5% while Trian was up roughly 6%, HFR data and investors said.

Persons: Nelson, Peltz, Trian, Janus Henderson, Trian's, Bill Ackman's, Jeff Smith's, Svea Herbst, Bayliss, Nick Zieminski Organizations: Fund Management, Walt Disney Co, Disney, Reuters, Janus Henderson Group, Ferguson, Bill Ackman's Pershing, Capital Management, Pershing, Fund Research, Svea, Thomson Locations: Boston

☆ Cramer’s Stop Trading: Walt Disney
▼ + stars: | 2023-10-10 | 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 EmailCramer’s Stop Trading: Walt DisneyCNBC’s Jim Cramer explains why he is keeping an eye on shares of Walt Disney Co.

Persons: Disney, Jim Cramer Organizations: Walt Disney Co

☆ Nikki Haley could be the last, best chance for Republicans to unite against Trump before he steamrolls the GOP presidential field
▼ + stars: | 2023-10-06 | by ( John L. Dorman | ) www.businessinsider.com time to read: +7 min

Former President Trump remains well ahead of his fellow Republican presidential contenders. But Nikki Haley is in a solid position in both GOP statewide polling and general election matchups. As other candidates leave the race, Haley's viability as a top Trump alternative will likely strengthen. Meanwhile, Haley's stock may be low, but very importantly it's up: she's averaging around 8% in the FiveThirtyEight GOP polling average, up from 3% at the beginning of August. AP Photo/Meg KinnardA Public Opinion Strategies survey of New Hampshire had Trump ahead with 44% support, with Haley in second place with 17% support.

Persons: Trump, Nikki Haley, —, Nikki Haley's, Joe Biden, Ron DeSantis, Donald Trump's, Haley, she's, Meg Kinnard, Biden, DeSantis, Vivek Ramaswamy, Sen, Tim Scott of, Donald Trump, Jae Organizations: Trump, Service, South Carolina Gov, Gov, GOP, New, United Nations, AP, Boston Globe, New Hampshire, NBC, Trump White, Walt Disney Company, Sunshine State, Iowa Locations: Florida, Iowa, New Hampshire, South Carolina, Clive , Iowa, Suffolk, DeSantis, Tim Scott of South Carolina, Anaheim , Calif

☆ Disney to offer discounts on children's tickets at theme parks
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid//File Photo Acquire Licensing RightsOct 4 (Reuters) - Walt Disney (DIS.N) said on Wednesday it will offer discounts on ticket prices for children at its theme parks for a limited period as it looks to boost traffic. Disney CEO Bob Iger said in August during the third-quarter earnings conference call that the California-based company had seen "softer performance" at Walt Disney World, a part of its parks business, in Orlando. Although, Iger described the parks as "a tremendous business" and said Walt Disney World was still performing well above pre-pandemic levels. The company last month said it would nearly double its capital expenditure for its parks business to about $60 billion over the next 10 years. Walt Disney World will also introduce a package offer on Nov. 14 for families with discounted children's tickets for theme parks and dining plans, which can be used from March 3 through June 30 next year.

Persons: Brendan McDermid, Walt Disney, Bob Iger, Iger, Walt, Akash Sriram, Samrhitha, Shinjini Organizations: Walt Disney Company, New York Stock Exchange, REUTERS, Disney, Walt Disney, Thomson Locations: New York, U.S, COVID, California, Orlando, Bengaluru

☆ Julia Ormond sues Harvey Weinstein for battery along with Disney, CAA and Miramax as enablers
▼ + stars: | 2023-10-04 | by ( Dan Heching | ) edition.cnn.com time to read: +4 min

CNN —Actress Julia Ormond is suing disgraced former film producer Harvey Weinstein for battery and sexual assault she says occurred in 1995, according to a copy of the complaint obtained by CNN. Ormond is also suing the once Weinstein-owned Miramax as well the Walt Disney Company, which purchased Miramax in 1993, for negligence and Hollywood talent agency CAA (Creative Artists Agency), who represented the actress, for negligence and breach of fiduciary trust. (A majority stake of CAA was recently purchased by the Artémis investment firm.) In the complaint, first reported by Variety, Ormond alleges that in December 1995, she and Weinstein were supposed to have a business dinner to discuss a project. Weinstein, 71, was at the center of allegations that fueled the global #MeToo movement in 2017.

Persons: Julia Ormond, Harvey Weinstein, Ormond, Weinstein, Weinstein “, ” “ Harvey Weinstein, ”, Ormond’s, ” Ormond, Bryan Lourd, Kevin Huvane, “, Sabrina ”, Grandin, Ormond Douglas H, Wigdor, Effie Blassberger, Rosenberg Kirshner, Linder, he’d Organizations: CNN, Miramax, Walt Disney Company, Hollywood, CAA, Creative Artists Agency, Variety, Mr, Disney, ” CNN, Warner Brothers Discovery, AMC, Wigdor LLP, Linder LLP Locations: “, Clayman, Los Angeles, New York

☆ Disney is discounting child tickets at U.S. parks as industry attendance lags
▼ + stars: | 2023-10-04 | by ( Sarah Whitten | ) www.cnbc.com time to read: +4 min

It's about to be cheaper for families to visit Disney's domestic theme parks. The Walt Disney Company on Wednesday announced new, limited time discounts on children's tickets at Disneyland and Disney World. Universal's domestic parks, as well as region players like Six Flags and Sea World , have reported lower attendance this year. Meanwhile, the parks division saw a 13% increase in revenue during the third quarter, reaching $8.3 billion. The recent additions of the two Star Wars: Galaxy Edge lands in Disneyland and Disney World are estimated to have cost $1 billion each.

Persons: Price Organizations: Disney, Walt Disney Company, Wednesday, Walt Disney, Magic Kingdom, Big, Edge, Comcast, CNBC Locations: California, Orlando , Florida, U.S, Europe, Parks, Anaheim , California, Animal, Orlando, Magic, NBCUniversal

In her suit, Ormond says she was a star on the rise when she met Weinstein in 1994. She accuses CAA, Disney and Miramax, saying that they knew Weinstein presented a danger to women but did nothing to stop him or to help her. Political Cartoons View All 1199 ImagesThe lawsuit marks the first time Ormond has publicly accused Weinstein of sexual assault. The Associated Press generally doesn't name the alleged victims of sexual assault, but is in this case because Ormond has spoken publicly about it, including in an interview with Variety. Weinstein, 71, was convicted of rape and sexual assault in New York in 2020 and is in prison in the state.

Persons: — Julia Ormond, Brad Pitt, Harrison Ford, Harvey Weinstein, Ormond, Weinstein, Imran Ansari, Julia Ormond, “ Sabrina ”, ”, Sean Connery, Richard Gere, ___ Dalton Organizations: Walt Disney Co, Miramax, Creative Artists Agency, CAA, Disney, Associated Press, Variety, Pitt, Ford Locations: Manhattan, British, New York, Los Angeles

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