The home screen of the Disney+ Marvel website on a laptop in the Brooklyn borough of New York, United States, on Monday, July 18, 2022. Gabby Jones | Bloomberg | Getty Images The biggest media and entertainment companies are asking investors to focus on revenue and profits instead of streaming subscriber growth – a message … Read more
Bob Chapek, Disney CEO at Boston College Chief Executives Club, November 15, 2021. Charles Krupa | AP Disney missed expectations for profit and key revenue segments during the fiscal fourth quarter on Tuesday and warned that strong streaming growth for its Disney+ platform may slow going forward. The company’s shares fell about 8% in after-hours … Read more
Stock futures were slightly higher on Tuesday after a winning day for markets as investors looked ahead to the US midterm elections. Futures linked to the Dow Jones Industrial Average rose 52 points, or 0.16%. S&P 500 futures rose 0.18 percent. Nasdaq 100 futures rose 0.47 percent. Shares of Lyft fell almost 20% before the … Read more
Market Movers gathers the best trading ideas from investors and analysts throughout the day. The experts slammed Meta after a Wall Street Journal report suggested the company could start laying off thousands of employees as early as Wednesday. The share price rose more than 6% on the news. Meta is currently held in Jim Cramer’s … Read more
Ron Baron, founder of Baron Capital Anjali Sundaram | CNBC I began my career as a securities analyst in 1970. It was a turbulent time. The Vietnam War, Watergate, the resignation of President Richard Nixon, the Iran hostage crisis, a recession, inflation, double digit interest rates, tripled gas prices. The only crisis we didn’t have … Read more
Shonda Rhimes attends the 2018 Vanity Fair Oscar Party on March 4, 2018 in Beverly Hills, CA. Presley Ann | Patrick McMullan | Getty Images Shonda Rhimes, the powerhouse producer behind “Bridgerton” and “Inventing Anna,” is among a number of showrunners, creators and writers who have expressed displeasure with Netflix‘s decision to include mid-video ads … Read more
Bob Chapek, CEO of Disney, speaks at the 2022 Disney Legends Awards during Disney’s D23 Expo in Anaheim, California on September 9, 2022. Mario Anzuoni | Reuters Disney is bracing for Republicans to take control of the House as polls show the party leading Democrats in the days before the midterm elections. Disney CEO Bob … Read more
In this photo illustration, a close-up of a hand holding a TV remote is shown in front of the Disney+ logo. Thiago Prudence | SOPA images | LightRocket | Getty Images Able to Disney Convert your binge watchers to binge buyers? The company launched a limited test Tuesday to see if its streaming subscribers will … Read more
Pete Davidson attends TUBI’s “The Freak Brothers” Experience at Fred Segal on December 6, 2021 in Los Angeles, California. Kevin Winter | Getty Images Fox Corp.’s bet on its free, ad-supported streaming service Tubi appears to be paying off for the company. On Tuesday, the company reported earnings for its first fiscal quarter and noted … Read more
More than a quarter of the companies in the 30-stock Dow are club teams. That’s how they fared in October, when the average rose almost 14%.