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☆ Disney to shutter Florida theme parks as Hurricane Ian draws near
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +1 min

Sept 27 (Reuters) - Walt Disney Co (DIS.N) will close its theme and water parks on Wednesday and Thursday as Hurricane Ian nears the coast of Florida, the company said on Tuesday. read moreThe attractions that will be closed on Wednesday and Thursday include Animal Kingdom, Hollywood Studios, Epcot and Magic Kingdom, a spokesperson said. Register now for FREE unlimited access to Reuters.com RegisterWalt Disney had earlier said that some of its hotels in the region would be closed through Friday. Comcast Corp's (CMCSA.O) Universal Resort and SeaWorld Entertainment Inc (SEAS.N) also announced the closure of their theme parks on Wednesday and Thursday. Register now for FREE unlimited access to Reuters.com RegisterReporting by Akash Sriram in Bengaluru and Helen Coster in New York; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ ESPN would help Disney and Comcast settle a score
▼ + stars: | 2022-09-23 | by ( Jennifer Saba | ) www.reuters.com time to read: +7 min

NEW YORK, Sept 23 (Reuters Breakingviews) - When it comes to modern corporate sagas, few deliver the drama between Walt Disney (DIS.N) and Comcast (CMCSA.O). Comcast Chief Executive Brian Roberts is in position to let his counterpart squirm, but there’s a neat solution to help settle the score: ESPN. He feared Comcast “would have paid more later.”Register now for FREE unlimited access to Reuters.com RegisterBefore long, Comcast clashed again with Disney. To settle the matter, the two parent companies agreed that in January 2024 Comcast could force Disney to buy its stake or Disney could require Comcast to sell based on a minimum valuation of $27.5 billion. Disney owns two-thirds of Hulu and Comcast owns the rest.

☆ Disney doesn’t need Loeb to kick ESPN out the door
▼ + stars: | 2022-09-12 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

NEW YORK, Sept 12 (Reuters Breakingviews) - Pushy investor Dan Loeb has changed his mind, somewhat, about Walt Disney (DIS.N). He is backing off his demand that the $210 billion entertainment giant run by Chief Executive Bob Chapek sell sports network ESPN. Amid the glad-handing of Disney devotees, Chapek, talking to reporters, maintained that ESPN is still a fit for the Magic Kingdom. On a multiple more than rival Fox (FOXA.O) but less than Netflix (NFLX.O), Disney could fetch $40 billion for ESPN. CONTEXT NEWSActivist investor Dan Loeb said in a tweet on Sept. 11 he is backing off his push for Walt Disney to spin off cable sports network ESPN.

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