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Bloomberg29d agoneutral
Circle Gets Street-Low Target as Stablecoin Competition Heats Up

(Bloomberg) -- Circle Internet Group Inc. shares have lost more than three-quarters of their value from the highs seen just after their initial public offering last year and as more stablecoins come to market, one analyst is warning it could get worse.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthCIA Says AI Drones Give Russian T

"Lacks excitement": Netflix tumbles 9% as weak earnings forecast deepens doubts over growth
Reuters29d agobearish
"Lacks excitement": Netflix tumbles 9% as weak earnings forecast deepens doubts over growth

Netflix's shares tumbled 9.2% before the bell on Friday following another weaker-than-expected earnings forecast from the streaming ‌major, deepening doubts about its ability to sustain growth ‌momentum. While the company has gone beyond its traditional subscription-driven model, relying on advertising, live ​content and price hikes to boost revenue per user, it has been locked in a battle for user attention with traditional media such as Walt Disney and social media such as YouTube. "The story lacks excitement," said Jeffrey Wlodarczak, analyst at Pivotal Research ⁠Group.

Universal Studios gives up on controversial ride
TheStreet30d agoneutral
Universal Studios gives up on controversial ride

When Universal Studios or Walt Disney bases a ride on popular intellectual property, they run the risk of not meeting the expectations of that property's hardcore fanbase. That's something Disney largely escaped with its Star Wars: Galaxy Edge lands. The company intentionally created a new setting ...

Bloomberg33d agobullish
Disney Exiting Streaming Could Spur 40% Rally, Wells Fargo Says

(Bloomberg) -- Walt Disney Co. shares have been in a slump for years, but Wells Fargo Securities said there’s one possible move that could reverse the trend: ditching its streaming-video business.Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Hormuz Route Open Despite Iran Declaration, Maritime Group SaysOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleTrump Embraces Australian Retirement System Backed by Larry FinkUS Renews Iran Strikes as Bot

Disney (DIS) Stock Looks Cheap On Earnings And Cash Flow
Simply Wall St.36d agoneutral
Disney (DIS) Stock Looks Cheap On Earnings And Cash Flow

Walt Disney stock has had a tough run over the past few years, yet both the Discounted Cash Flow (DCF) intrinsic value estimate and the market multiple checks currently point to the shares trading at a discount to those fundamentals. Walt Disney shareholders have seen the stock decline 46.1% over the past 5 years, which sets expectations low even as current valuation tools suggest more value in the business than the share price reflects. Heavy capital spending on parks and streaming can...

FuboTV names Disney's Bowen CEO, removes veteran Gandler
Reuters37d agoneutral
FuboTV names Disney's Bowen CEO, removes veteran Gandler

Streaming firm FuboTV on Thursday named Disney executive Alisa Bowen as CEO ‌effective July 10, while removing company veteran David ‌Gandler as top boss. Bowen, 53, joins FuboTV from Walt Disney, ​where she served as president of the media giant's streaming platform Disney+ since September 2022. Her career also includes leadership positions at News Corp Australia, Dow Jones ‌and Thomson Reuters.

Netflix Is Exploring Live TV and Bundles as It Struggles to Keep Viewers Hooked
The Wall Street Journal37d agoneutral
Netflix Is Exploring Live TV and Bundles as It Struggles to Keep Viewers Hooked

Top Netflix executives who gathered for its annual business review this spring had a lot to be cheerful about. At the time, it was a small part of a conversation about the company’s goals, but it has since become a frequent topic of discussion at meetings, people familiar with the matter said. Engagement, which measures how long people spend watching content and how frequently they finish a movie or series, is the holy grail in modern Hollywood.

Netflix joins Disney and YouTube in chasing World Cup
TheStreet37d agoneutral
Netflix joins Disney and YouTube in chasing World Cup

Live sports are the last thing on American television that everyone still watches at the same moment. Scripted hits get binged alone. Award shows shed viewers every year. But when the national team plays a knockout match in July, tens of millions of people show up at once, and advertisers pay ...

Disney World closing one of Epcot's most iconic restaurants
TheStreet40d agoneutral
Disney World closing one of Epcot's most iconic restaurants

Walt Disney World visitors planning a trip to Epcot later this year will soon lose access to one of the park's most iconic dining experiences. The restaurant is unlike any other at Disney World, allowing guests to dine beside a massive living coral reef aquarium through floor-to-ceiling windows ...

ITV and Sky reshape British TV landscape with $2.1 billion deal
Reuters40d agoneutral
ITV and Sky reshape British TV landscape with $2.1 billion deal

Comcast's Sky has agreed to buy the broadcast channels and streaming service of Britain's ITV for £1.6 billion ($2.13 billion), creating a British champion with the scale to compete with global players like Netflix, Amazon ‌and Disney. Sky CEO Dana Strong said the deal, announced on Monday and confirming a recent Reuters story, was a "defining moment", ‌one of the biggest in the history of British broadcasting. The combination of Britain's biggest free-to-air commercial broadcaster and the pay-TV ​company Sky would have been unthinkable just a few years ago, but the rise of YouTube and the streaming giants, has left traditional companies exposed.

Comcast's NBCUniversal spinoff just transformed streaming wars
TheStreet47d agoneutral
Comcast's NBCUniversal spinoff just transformed streaming wars

Nobody saw this coming. Not Wall Street. Not Hollywood. And almost certainly not Netflix or Disney. On June 29, Comcast announced it would spin off NBCUniversal and Sky into a separate, publicly traded company through a tax-free transaction. After more than 15 years as a single company, the cable ...

Bloomberg47d agoneutral
Comcast’s NBC Spinoff Raises Questions About Businesses’ Future

(Bloomberg) -- Brian Roberts lost out on an opportunity last year to merge NBCUniversal with Warner Bros. Discovery Inc. But the process helped get the chairman and co-chief executive officer of Comcast Corp. thinking about what NBCUniversal would look like on its own. Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsUS Stocks Get Tech Boost After AI-Fueled Selloff: Markets WrapCook Stays at Fed But Trump Wins Power Over Other AgenciesSupreme Court Leaves Tr

Bloomberg47d agoneutral
Bob Iger, Joshua Kushner Explore Bid for NBA Expansion Team

(Bloomberg) -- Former Walt Disney Co. Chief Executive Officer Bob Iger and Thrive Capital founder Joshua Kushner have hired investment bankers and discussed making a bid for the National Basketball Association expansion team in Las Vegas, according to people familiar with their plans. Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsUS and Iran Agree to Halt Attacking Each Other Ahead of TalksAramco Helicopter Crash in Ras Tanura Kills All 14 on BoardOil Tra