DIRS.INFO The most relevant business & tech news

☆ Anant Ambani pre-wedding bash: Celebrities, tycoons jet to Indian billionaire heir’s celebrations in Jamnagar
▼ + stars: | 2024-03-01 | by ( Story Reuters | ) edition.cnn.com time to read: +3 min

New Delhi Reuters —Charter jets for tycoons and celebrities, a performance by Rihanna and directions to don “jungle fever” outfits when visiting an animal rescue center — that’s how billionaire Mukesh Ambani is kickstarting big fat Indian wedding celebrations for his son. The occasion of the moment that has India transfixed is a three-day pre-wedding jamboree for his youngest son Anant Ambani, 28, who is set to marry his long-time girlfriend Radhika Merchant, 29. Anant is a director at Reliance’s new energy business and one of Ambani’s three children who are the heirs to his empire. Ambani also made headlines with his daughter Isha’s wedding in 2018 which was described by some as a mini-Davos summit. Guests to Anant Ambani’s celebrations are set to savor 500 dishes created by around 100 chefs.

Persons: Rihanna, Mukesh Ambani, Ambani, Anant Ambani, Radhika Merchant, Anant, David Blaine, Bill Gates, Meta’s Mark Zuckerberg, Gautam Adani, Kumar Mangalam Birla, Shah Rukh Khan, Salman Khan, Bob Iger, Hillary Clinton, John Kerry, Anant Ambani’s Organizations: Delhi Reuters —, Reliance, Forbes, Disney, Reliance’s, Encore, Former U.S, Reuters Locations: Delhi, India, Jamnagar, Reliance’s, Gujarat, Davos, Former, New Delhi, Mumbai

☆ Read the open letter Disney heirs wrote to shareholders, defending Bob Iger and slamming activist investors as 'villains'
▼ + stars: | 2024-03-01 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

The heirs backed Iger and his management for being "faithful" to Disney's "magic" and said the CEO has "grown this company in a modern world." Peltz's Trian Fund Management, which owns about $3 billion of Disney stock, has criticized Disney's leadership and is seeking seats on its board. In early February, Iger and Peltz threw jabs at each other following Disney's better-than-expected earnings report. They understand that the longevity of The Walt Disney Company isn't only the result of smart business decisions; it is rooted in the strong emotional connection Disney continues to forge with generations of people from around the globe. To the contrary, their "I alone can fix it" mentality makes clear that they are not interested in preserving the Disney magic, but stripping it to the bone to make a quick profit for themselves.

Persons: Iger, Peltz's, Disney's, Peltz, Roy O, Walt Disney, Walt, Roy, Snow White, Mary Poppins, Bob Iger, Saul Steinberg —, Nelson Peltz —, Roy P, Disney Susan Disney, Abigail E, Disney Tim Disney Organizations: Peltz's Trian Fund Management, Disney, Trian Fund Management, Variety, The Walt Disney Company, Walt Disney Company, Directors Locations: Iger

☆ The Oscars Give Hollywood a Chance to Celebrate. After That? It’s Grim. - The New York Times
▼ + stars: | 2024-03-01 | by ( Mark Harris | ) www.nytimes.com time to read: +2 min

The Oscars are the climax of an awards season that’s a prolonged exercise in collective congratulation, and in early March the rest of the year still looks bright. The Sundance Film Festival and its attendant bidding wars have wrapped up, offering nothing but promise and excitement. At the box office, the biggest bets of the year have typically not yet opened and thus have not yet bombed. For Hollywood, 2023 was not so much a disaster as a preview of disasters to come. That fury persists: Each new headline about the huge compensation package for Robert Iger, Disney’s chief executive, or decisions by David Zaslav, the chief executive of Warner Bros.

Persons: that’s, blithely, Robert Iger, David Zaslav Organizations: Sundance Film, Hollywood, Warner Bros

☆ Disney Heirs Line Up Against Activist Investors
▼ + stars: | 2024-02-29 | by ( Brooks Barnes | ) www.nytimes.com time to read: +1 min

It’s a classic Disney movie plot: A family comes together to fight an enemy. Only this time it is happening in real life, with the grandchildren of Walt and Roy Disney, who founded the company in 1923, joining forces to oppose Nelson Peltz, the activist investor who is waging a proxy battle for board seats. The heirs — nine in total, including Abigail E. Disney, who has at times been a harsh critic of Robert A. Iger, Disney’s chief executive — publicly lined up behind Mr. Iger and the current Disney board on Thursday. “These activists must be defeated,” Roy P. Disney, 66, said by telephone. Trian invests in great companies like Disney and helps them grow and thrive for the long term — and we have the track record to prove it at companies like P&G, Heinz and Mondelez.”

Persons: Walt, Roy Disney, Nelson Peltz, Abigail E, Robert A, —, Iger, “, ” Roy P, Peltz, Disney, Trian, Heinz, Mondelez, ” Organizations: Disney, Trian Partners

☆ Disney, Ambani’s Reliance create new India media giant with 750 million viewers
▼ + stars: | 2024-02-28 | by ( Diksha Madhok | Hanna Ziady | ) edition.cnn.com time to read: +3 min

New Delhi/London CNN —Disney is joining forces with Asia’s richest man to create a new media giant in India that says it will reach a domestic audience of more than 750 million people. Billionaire Mukesh Ambani’s Reliance Industries and Disney have combined their digital streaming platforms and 100 TV channels in the country in a joint venture worth about $8.5 billion, the companies said in a statement Wednesday. Disney (DIS) made a major push into the country in 2019, when it acquired most of 21st Century Fox, including its vast Star India network. “India is the world’s most populous market, and we are excited for the opportunities that this joint venture will provide to create long-term value for the company,” said Disney CEO Bob Iger. Disney salvaging its Indian dreamDisney has faced multiple challenges in India, which boasts a vibrant media and entertainment sector.

Persons: Mukesh, ”, Mukesh Ambani, Nita M, Ambani, Viacom18, Bob Iger, Mouse, Weeks, JioCinema, Iger, “, Mihir Shah Organizations: London CNN, Disney, Reliance Industries, Century Fox, Star, Reliance, Indian Premier League, Warner Bros ., HBO, CNN, Media Partners Locations: New Delhi, London, India, Star India, Viacom18

☆ Giving Big, a California Couple Gets Gratitude and Scrutiny
▼ + stars: | 2024-02-26 | by ( Robin Pogrebin | ) www.nytimes.com time to read: +1 min

Standing on the grand staircase of Lynda and Stewart Resnick's opulent Beverly Hills mansion at a party last fall — where Diane Keaton, Bob Iger and Brian Grazer were among the luminaries making small talk over crudités and Sazerac cocktails — the author Walter Isaacson took a moment to thank his hosts. Not only were the Resnicks giving the party to celebrate his new biography of Elon Musk, they had also been major supporters of his former professional home, the Aspen Institute, donating $36 million to the think tank over the years. Isaacson was not the only one in the room with reason to be grateful to them. Overall, the Resnicks — whose Wonderful Company business empire includes Pom Wonderful pomegranate juice, Wonderful Pistachios, Fiji Water, Halos mandarins and Teleflora, the flower-delivery service — have donated $1.9 billion of their estimated $13 billion fortune to academic institutions, climate change initiatives, cultural organizations and programs in California’s Central Valley. Their gifts have landed them on the Chronicle of Philanthropy’s annual list of the 50 biggest donors three times.

Persons: Stewart, Diane Keaton, Bob Iger, Brian Grazer, Walter Isaacson, Elon Musk, Isaacson, Picasso, Fragonard, Boucher, Michael Govan, Ann Philbin, Michael Milken Organizations: Aspen Institute, Angeles County Museum of Art, Milken Institute, Wonderful Company Locations: Beverly, Fiji, Central Valley

☆ 'I hate losing money' — Jim Cramer says he will vote to put Nelson Peltz on Disney's board
▼ + stars: | 2024-02-25 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

As a Disney shareholder for the Club, Jim Cramer has decided to support activist investor Nelson Peltz's fight for seats on the board of the entertainment and theme parks giant. It means he's going to vote to put the Trian Partners founder Peltz and former Disney CFO Jay Rasulo on the Disney board. Jim believes Peltz and Rasulo will hold Disney's board and management accountable for making changes to fix the business and turn around the company's underperforming stock. "It is ridiculous to me that Netflix has crushed Disney," Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Nelson Peltz's, Jim, Peltz, Jay Rasulo, Ike Perlmutter, Perlmutter, Mondelez, Kraft Heinz, Bob Iger, Iger, Nelson Peltz, Hugh Johnston, Jim —, Jim Cramer's Organizations: Club, Trian Partners, Disney, Marvel Entertainment, Marvel, Netflix, Procter & Gamble, CNBC Locations: New York City, PepisCo

☆ Disney CEO Bob Iger has fundamentally restructured the company, says board member Carolyn Everson
▼ + stars: | 2024-02-16 | 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 CEO Bob Iger has fundamentally restructured the company, says board member Carolyn EversonCarolyn Everson, Disney board member and former Meta global business group vice president, joins 'Squawk on the Street' to discuss CEO Bob Iger's performance, Nelson Peltz and his looming proxy fight against Disney, the company's investment in Epic Games, new sports streaming alliance, growth outlook, and more.

Persons: Bob Iger, Carolyn Everson Carolyn Everson, Bob Iger's, Nelson Peltz Organizations: Disney, Epic Games

☆ Nelson Peltz on Disney CEO Bob Iger: He is talking like he just got into office a week ago
▼ + stars: | 2024-02-14 | 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 on Disney CEO Bob Iger: He is talking like he just got into office a week agoNelson Peltz, Trian Partners founding partner, joins 'Money Movers' to discuss why Peltz didn't love Disney's latest quarterly earnings and the company's buyback announcement.

Persons: Nelson, Bob Iger, Nelson Peltz Organizations: Disney, Trian Partners

☆ Here are 10 undervalued stocks in our portfolio despite some of them around record highs
▼ + stars: | 2024-02-14 | by ( Paulina Likos | ) www.cnbc.com time to read: +16 min

The PEG ratio, another valuation tool, starts with the price-to-earnings ratio and divides the P/E by estimated earnings growth. A good PEG ratio is 1 or lower. There is a major consideration when analyzing five-year valuation average comparisons: interest rates. The company's P/E ratio of 21.5 times is about 20% cheaper than peers and below its historical average of 29.6. Honeywell Price-to-earnings ratio (P/E): 19.4 P/E vs. peers: 10% cheaper P/E-to-growth ratio (PEG): 2.3 We like how Honeywell 's stock is valued post-earnings .

Persons: Bard, it's, Pacifico, Jim Cramer, Disney Price, Nelson Peltz, Jim, Peltz, Bob Iger, Honeywell Price, Nvidia Price, Nvidia's, Salesforce Price, we're, Wells Fargo, Charlie Scharf, Wynn, WYNN, Jim Cramer's, NVDA, New York Stock Exchange Michael Nagle Organizations: Apple, Microsoft, Meta, Nvidia, Google, Gemini, Amazon, Services, Constellation Brands, Modelo, Beer, Constellation, . Management, Disney, Management, Honeywell, Aerospace, Productivity Solutions, Starbucks, Wells, Silicon Valley Bank, Wynn Resorts EV, Wynn Resorts, Boston, WYNN, CNBC, New York Stock Exchange, Bloomberg, Getty Locations: FactSet, Corona, China, Israel, Wells Fargo Price, Wells Fargo, Silicon, Macao, Las Vegas

☆ Why Tuesday's pullback is a healthy break in the rally and how we are playing it
▼ + stars: | 2024-02-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. A healthy break: Stocks are down after the consumer price index came in slightly hot, leading to a delay in interest rate cut expectations. 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'll, it's, Eli Lilly, Cramer, Bob Iger's, Stanley Black, Decker, Martin, Jim Cramer's, Jim, NVIDIA Jensen Huang, Michael M Organizations: CNBC, Nvidia, U.S, Treasury, Utilities, Disney, MGM Resorts, Martin Marietta Materials, CME Group, Barrick Gold, Jim Cramer's Charitable, NVIDIA, New York Times, Santiago, Getty Locations: We're, Philadelphia, Robinhood, New York City

A general view of Super Bowl signage displayed in the NFL Super Bowl Experience ahead of Super Bowl LVIII on February 06, 2024 in Las Vegas, Nevada. Super Bowl 58 kicks off at 6:30 p.m. The Super Bowl is advertising's biggest stage, with companies jockeying for a limited supply of spots to get their products in front of millions of consumers. Even as linear ad revenue slips, companies know there's no opportunity guaranteed to reach more people than the Super Bowl. — Amelia Lucas, Michael Wayland, Micah Washington, Gabrielle Fonrouge, Lorie Konish, Drew Richardson and Jordan Novet contributed to CNBC's Super Bowl coverage.

Persons: Bob Iger, Jason Momoa, Quinta Brunson, Jenna Ortega, Tina Fey, Kate McKinnon, Pete Davidson, Addison Rae, Usher, — Amelia Lucas, Michael Wayland, Micah Washington, Gabrielle Fonrouge, Lorie Konish, Drew Richardson, Jordan Novet Organizations: NFL, Super, AFC, Kansas City Chiefs, NFC, San Francisco 49ers, Disney, CBS Locations: Las Vegas , Nevada, Las Vegas, U.S

☆ Nelson Peltz and Bob Iger are still throwing punches despite Disney's killer start to 2024
▼ + stars: | 2024-02-08 | by ( Jordan Hart | Madeline Berg | ) www.businessinsider.com time to read: +3 min

Disney CEO Bob Iger and activist investor Nelson Peltz are still sparring despite stellar earnings. All signs point to the fact that Peltz's second Disney proxy fight is still on. AdvertisementDespite what one analyst has called Disney's "epic quarter," tensions between CEO Bob Iger and activist investor Nelson Peltz seem to be running as high as ever. And the verbal jabs both sides threw at each other indicate the proxy fight is still on. Peltz has specifically lamented Disney's streaming losses, a pause in dividends, and the lack of a comprehensive succession plan.

Persons: Bob Iger, Nelson Peltz, Peltz's, —, Taylor Swift, Disney's, hasn't, Iger, Trian, Peltz, Peltz hasn't Organizations: Disney, Peltz's Trian, Service, Epic, Fund Management, CNBC

☆ This is the year of the password-sharing crackdown
▼ + stars: | 2024-02-08 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +5 min

Streaming companies turned a blind eye to password-sharing for years. Users of the family-oriented streaming platform received emails this week notifying them of changes to the terms of service. The new terms note that different service tiers may permit some degree of password-sharing — if you're willing to pay. Disney's updated terms of service are almost identical to those of Hulu and ESPN+, which were also announced on January 25. Iger's comments came in the wake of Netflix's successful crackdown earlier last year, when the streaming giant announced it would start charging $8 for users outside the household.

Persons: Nice Guy, Hugh Johnston, Johnston, Bob Iger, Netflix's, Nicholas De Leon, We've, De Leon, It's Organizations: Business, Hulu, ESPN, Disney, Netflix, Consumer, Spotify, Costco, Amazon Prime, Apple Locations: Wednesday's

☆ Caitlyn Jenner seemingly asks Elon Musk for legal help after claiming Disney and Bob Iger discriminated against her
▼ + stars: | 2024-02-08 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

Caitlyn Jenner has asked Elon Musk for legal help after claiming Disney discriminated against her. The reality star also criticized Disney CEO Bob Iger in earlier social-media posts. AdvertisementCaitlyn Jenner asked Elon Musk for legal help on X (formerly known as Twitter) after claiming that Disney and Bob Iger discriminated against her. — Caitlyn Jenner (@Caitlyn_Jenner) February 7, 2024Musk had not publicly responded to Jenner as of Thursday morning. AdvertisementRepresentatives for Disney, Caitlyn Jenner, and Elon Musk did not immediately respond to requests for comment from Business Insider.

Persons: Caitlyn Jenner, Elon Musk, Jenner, Bob Iger, —, Disney, Musk, Richard Grenell, Bruce ’, Bob, … — Caitlyn Jenner, Iger, Hunter Biden, Gina Carano Organizations: Disney, Service, Hulu, Marvel, ESPN, ABC, Iger, X Corporation, Business Locations: Hulu

☆ All of Disney's fundamental issues on both the streaming and TV side are still there: Tom Rogers
▼ + stars: | 2024-02-08 | 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 EmailAll of Disney's fundamental issues on both the streaming and TV side are still there: Tom RogersTom Rogers, Oorbit Gaming executive chairman and former NBC Cable president, joins 'Squawk Box' to discuss Disney's quarterly earnings results, the company's Epic Games investment, CEO Bob Iger's performance, new sports streaming alliance, and more.

Persons: Tom Rogers Tom Rogers, Bob Iger's Organizations: Oorbit Gaming, NBC Cable, Epic Games

☆ Disney shares pop 7% in premarket trade after earnings beat and Epic Games, Eras Tour news
▼ + stars: | 2024-02-08 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Disney said the partnership will see it work together with Epic to create new games using its intellectual property, including Disney, Pixar, Marvel, Star Wars and Avatar. Taylor Swift performs onstage during "Taylor Swift | The Eras Tour" at Allianz Parque on November 24, 2023 in Sao Paulo, Brazil. Disney lost customers on streaming platform Disney+, but revenue was higher due to a hike in subscription costs. Stock Chart Icon Stock chart icon Walt Disney Company share price. The Epic Games partnership could prove fruitful but is likely to be a "slow burn," he said in a note.

Persons: Bob Iger, Disney, Taylor, Taylor Swift, Buda Mendes, Ben Barringer, Quilter Cheviot, Nelson Peltz Organizations: Disney, Epic Games, Pixar, Marvel, Star Wars, ESPN, Allianz Parque, Getty, Walt Disney Company, Parks, CNBC Locations: Sao Paulo, Brazil, Buda

☆ The biggest winners and losers from the new sports streaming service
▼ + stars: | 2024-02-08 | 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. ESPN, Warner Bros., and Fox announced plans this week for a new sports streaming service set to launch this fall . That could put an end to cable TV as we know it , Nathan McAlone, Business Insider's deputy media editor, writes. Ashley Rodriguez, BI's media editor, has a breakdown of the six biggest questions about this new sports streamer . Games on YouTubeTV, for example, are noticeably delayed compared to cable TV broadcasts .

Persons: —, Katie Notopoulos, David Jensen, Nathan McAlone, it's, Ashley Rodriguez, Peter Kafka, BI's, Peter, Nathan, Ashley —, We've, Ashley, Fox, Rick Wilking, Reuters Leon Cooperman, Marc Rubinstein, Yi Huiman, Xi Jinping, Jordan Hart, It's, Justin Metz, Blackstone, Bob Iger, Donald Trump, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, ESPN, Warner Bros, Fox, ESPN2, ABC, FOX, Peter : Media, Nathan, Warner Bros ., NFL, Cable, Comcast, Paramount, Reuters, Signature Bank, New York Community Bancorp, Securities, Commission, that's, Apple Vision, Microsoft, BI, of Foreign Labor, Apollo, KKR, Bain Capital, Disney, Epic Games, ConocoPhillips, US Locations: New, China, Beijing, New York, London

Disney's fiscal first-quarter earnings per share beat expectations and it said its full-year EPS will rise at least 20% from 2023. Iger also unveiled his strategy and timeline for bringing Disney's flagship sports network ESPN into the streaming era. AdvertisementThe company will launch a stand-alone streaming service with ESPN and its sister networks in the fall of 2025, something Iger called "inevitable." Even if there's consumer demand, the JV faces several hurdles, from challenges brought by existing distributors to antitrust opposition, LightShed Partners wrote in a note published ahead of Disney's earnings release. Challenges aside, the new sports streaming strategy is a big step forward for Iger and Disney.

Persons: —, Bob Iger's, Iger, Taylor Swift, Nelson Peltz, Bob Chapek's, Peltz's, Disney, Paul Verna, Alpha, LightShed, Iger didn't, Trian, Elon Musk, Gina Carano's, Iger's Organizations: Service, Disney, Epic Games, Peltz's Trian Fund Management, Blackwells, ValueAct, Business, Iger, Insider Intelligence, ESPN, Disney's, Fox, Warner Bros, JV, LightShed Partners, Marvel, CNBC Locations: Moana

SAN FRANCISCO (AP) — The Walt Disney Co. posted stronger than expected earnings in the October-December quarter, boosted by cost cuts and growing revenue from its theme parks business. Disney earned $1.91 billion, or $1.04 per share, in the fiscal first quarter. Disney said it is achieving “significant cost reductions” across its businesses and reduced its selling, general and other operations expenses by $500 million. It expects to add up to 6 million subscribers in the current quarter. The company based in Burbank, California, said its theme parks business saw record revenue and operating income during the quarter.

Persons: Disney, Bob Iger Organizations: FRANCISCO, Walt Disney Co, Disney, Revenue, FactSet, ESPN Locations: Burbank , California

☆ Disney’s Bob Iger says the company has turned a corner. The stock is shooting higher
▼ + stars: | 2024-02-07 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

However, Disney continues to lose money in its streaming service business, though it has cut those losses compared to last year. The announcement of a planned ESPN service comes one day after ESPN, along with Fox Corporate and Warner Bros. it’s pretty dramatic in terms of the amount of time spent in games,” Iger said on CNBC. Disney’s foray into the video gaming space comes as competitor Netflix also ramps up their expansion into video games. In December, Netflix launched three mobile-friendly games from Grand Theft Auto, one of the best selling video game franchises ever.

Persons: CNN —, Bob Iger, Disney, ” Iger, Taylor, ”, Iger, “, Nelson Peltz, ‘ Fortnite, Alpha, Maruf Organizations: CNN, CNN — Disney, Wall, ESPN, Disney, Hulu, CNBC, Netflix, Fox Corporate, Warner Bros ., ‘, Epic Games, Theft Locations: Hulu, India

☆ Disney has over 40 movies coming to theaters through 2031 — here they are
▼ + stars: | 2024-02-07 | by ( Kirsten Acuna | Caralynn Matassa | ) www.businessinsider.com time to read: +1 min

"Moana 2" — November 27, 2024Disney unveiled a first look at "Moana 2" in February 2024. Walt Disney StudiosIn February 2024, Disney CEO Bob Iger announced that "Moana 2," originally planned as a TV series, would be coming to theaters. "'Moana' remains an incredibly popular franchise," Iger said, "and we can't wait to give you more of Moana and Maui when 'Moana 2' comes to theaters this November." According to Disney's press release, this sequel to the 2016 hit "takes audiences on an expansive new voyage with Moana, Maui and a brand-new crew of unlikely seafarers." The upcoming film is directed by Dave Derrick Jr. and will feature music by Grammy winners Abigail Barlow and Emily Bear, Grammy nominee Opetaia Foa'i, and three-time Grammy winner Mark Mancina.

Persons: Bob Iger, Iger, she's, Dave Derrick Jr, Abigail Barlow, Emily Bear, Opetaia Foa'i, Mark Mancina Organizations: Disney, Walt Disney Studios Locations: Moana, Maui, Oceania

☆ Disney CEO Bob Iger: Disney entering into a strategic partnership with Epic Games
▼ + stars: | 2024-02-07 | 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 CEO Bob Iger: Disney entering into a strategic partnership with Epic GamesCNBC's Julia Boorstin sits down with Disney CEO Bob Iger to talk Disney's new strategic partnership with Fortnite developer Epic Games.

Persons: Bob Iger, Julia Boorstin Organizations: Disney, Epic, Epic Games

☆ Disney's making a $1.5 billion bet on video games with Fortnite maker Epic Games
▼ + stars: | 2024-02-07 | by ( Paul Squire | Lucia Moses | ) www.businessinsider.com time to read: +1 min

Disney is taking out a $1.5 billion minority stake in the company behind Fortnite. Iger said the move will be the company's "biggest foray into the games space ever." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDisney is teaming up with video game giant Epic Games, taking out a $1.5 billion minority stake in the company behind the smash hit Fortnite, CEO Bob Iger announced Wednesday. In an interview with CNBC, Iger said the company's bet is "our biggest foray into the games space ever."

Persons: Bob Iger, Iger, — Organizations: Disney, Service, CNBC, Epic Games, Business

☆ ESPN will launch its flagship direct-to-consumer service in the fall of 2025
▼ + stars: | 2024-02-07 | by ( Alex Sherman | ) www.cnbc.com time to read: +1 min

ESPN will launch its flagship direct-to-consumer service in either August or the fall of 2025, Disney CEO Bob Iger announced during an interview Wednesday with CNBC's Julia Boorstin. The service will include all of ESPN's programming and feature new personalization and integration with ESPN's fantasy platforms and ESPN Bet. The direct-to-consumer service would have been the first time noncable subscribers could access ESPN outside of the traditional cable bundle. ESPN didn't announce a price for the flagship direct-to-consumer service. Disney already has a sports streaming service in ESPN+, which ended the quarter with 25.2 million subscribers, down from 26 million a quarter ago.

Persons: Bob Iger, CNBC's Julia Boorstin, ESPN didn't Organizations: NFL, ESPN, Chicago Bears, Minnesota Vikings, Soldier, Disney, ESPN Bet, Fox, Warner Bros, CNBC PRO Locations: Chicago

Search resuls for: "iger"

25 mentions found