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Lionsgate, Warner Bros. Discovery and Paramount Global were among the hit Hollywood stocks of the first quarter of 2023, shaking off investor concerns about such industry challenges as record cord-cutting, getting streaming businesses to profitability and economic clouds darkening the advertising outlook, as well as recent stock market volatility due to the collapse of banks….
Disney’s New Balance of Power Raises Succession, Spinoff Questions In his first earnings report back as Disney CEO, Bob Iger unveiled a structure that places power back in the hands of the creatives but also raises questions about succession and the fate of two key company assets. Under Iger’s Feb. 8 plan, the empire is…
What Next for Hulu? Wall Street Debates Deal Scenarios for Disney and Comcast Does Disney need Hulu? Does Comcast want Hulu? Can the two sector giants strike a win-win deal for Hulu? Those are just some of the questions swirling around Wall Street these days. But don’t expect clear answers in Philadelphia, home of Comcast,…
Behind Disney’s Activist Investor Battle: A Marvel Mogul’s Revenge Play In 2004, Roy Disney — Walt’s nephew — summoned Disney shareholders to the company’s annual meeting, asking them to oust then-chairman and CEO Michael Eisner, who had been running the place for 20 years. Roy had Walt’s face and his “Save Disney” movement brought emotional…
“Disneyland fire damages New Orleans Square train station” A fire reportedly damaged a building in one of the most historic sections of the Disneyland theme park in Anaheim, Calif. New Orleans Railroad Station in the old Frontierland suffered damage after the blaze broke out overnight between Dec. 28 and the early hours of Dec. 29,…
Hollywood Stocks Fall Sharply in 2022 Amid Ad Challenges, Focus On Streaming Profits Netflix’s stock may have been immune to the coronavirus pandemic and rose even during the volatile 2021, but it couldn’t escape seeing its own shares, and most other Hollywood stocks, being brought down to Earth in 2022. The streamer ended trading on…
Entertainment Stock Picks for 2023: What Wall Street Is Bullish About Despite Downbeat Sentiment Many entertainment industry CEOs and investors may want to quickly forget 2022, given how it decimated various media sector stocks. However, 2023 doesn’t look like it will bring much reprieve near-term. After all, recession fears and their impact on advertising revenue,…
Bob Iger’s Austerity Era Begins at Disney: Behind His Most Pressing Concerns When Bob Iger returned to Disney’s Burbank lot on Nov. 28, clad in a bright white shirt and a blue cardigan, he sought to reassure anxious employees by quoting Hamilton, Lin-Manuel Miranda’s Tony-winning musical. “There is no more status quo … But the…
“Bob Iger ousts ex-Disney CEO’s top lieutenant Kareem Daniel” Newly reinstalled Disney CEO Bob Iger is already asserting his dominance at Disney – ousting a top protégé of ex-boss Bob Chapek and securing a $27 million-per-year pay package in his first hours on the job. Iger, 71, revealed the exit of Kareem Daniel, Chapek’s top…
Kareem Daniel to Exit Disney as Bob Iger Unwinds Chapek Era Structure Kareem Daniel, a top lieutenant for former Disney CEO Bob Chapek, is leaving Disney amid the executive shake-up and a broader reorganization under returning leader Bob Iger. The widely expected move comes as Iger takes back the reins from Chapek, with the directive…