Aug 19, 1:09 PM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury World By AFP News 08/19/19 AT 12:53 PM The Walt Disney Company said on Monday its streaming television service will debut in November in the United States, Australia, Canada, New Zealand and the Netherlands.Offering film and TV entertainment including its "Star Wars" and Marvel franchises as well as its ABC content and an extensive library acquired from 21st Century Fox, Disney+ hopes to be a major challenger to Netflix.It will launch in Canada, Netherlands, and the US on November 12, and in Australia and New Zealand a week later, the company said, and is expected to expand to most major markets within the following two years.The entertainment giant also announced deals for Disney+ to be available on Apple, Google, Microsoft, Roku and Sony internet-linked devices.Chief executive Bob Iger said during a recent earnings call the company would take advantage of its control of … [Read more...] about International launch set for Disney+ streaming service
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Disney Sale: Yankees Reportedly Buy Back YES Network With Amazon’s Help
Mar 08, 5:15 PM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Dawn Geske 03/08/19 AT 5:10 PM The remaining percent of Disney’s (DIS) YES Network has been sold for a reported $3.4 billion back to the New York Yankees, according to several reports. Forbes reports that the deal will be formally announced later on Friday, "according to people familiar with the matter." The outlet shares that Amazon is not leading the group buying YES, as noted by earlier reports, stating "the Yankees will be the lead investors after the current deal closes in about 120 days."The partners with the Yankees are Amazon and Sinclair Broadcast Group. Investors include RedBird Capital, Blackstone, Mubadala Investment Co., Ontario Teachers’ Pension Plan, and the Michael Dell fund.The YES Network, which airs Yankees games as well as other New York sports teams, was one of the 22 regional sports networks that Disney acquired through the … [Read more...] about Disney Sale: Yankees Reportedly Buy Back YES Network With Amazon’s Help
Arbitrator orders Fox to pay $179M in “Bones” profit dispute
Andrew Dalton, Ap Entertainment Writer Updated 3:59 pm PST, Wednesday, February 27, 2019 FILE - In this May 16, 2016 file photo, David Boreanaz and Emily Deschanel attend the FOX Networks 2016 Upfront Presentation Party in New York. An arbitrator has ordered 21st Century Fox to pay $179 million in a dispute over profits with the stars of the long-running Fox TV show “Bones.” Boreanaz and Deschanel, the stars of “Bones” from 2005 through 2017, sued Fox in 2015, saying it denied them profits by licensing the show to Fox’s TV division and to Hulu for below-market rates. (Photo by Evan Agostini/Invision/AP, File) less FILE - In this May 16, 2016 file photo, David Boreanaz and Emily Deschanel attend the FOX Networks 2016 Upfront Presentation Party in New York. An arbitrator has ordered 21st Century Fox to pay $179 million in ... more Photo: Evan Agostini, Evan Agostini/Invision/AP … [Read more...] about Arbitrator orders Fox to pay $179M in “Bones” profit dispute
Disney, Fox Layoffs: 10,000 May Lose Jobs After Merger
Feb 07, 9:20 PM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Arthur Villasanta 02/07/19 AT 6:01 PM For employees at 21st Century Fox, this coming June will become “D-Day,” quite literally Doomsday, when anywhere from 4,000 to 10,000 employees will lose their jobs once the merger with The Walt Disney Company takes effect. Fox has a total workforce of 22,400 employees worldwide.On Dec. 14, 2017, Disney announced a definitive agreement to acquire 21st Century Fox for $52.4 billion in an all stock deal. The deal between Disney (the second largest media and entertainment conglomerate in the U.S. after Comcast) and Fox is an attempt by Disney to bolster its TV and film businesses against new competitors and technologies in the content arena.Acquiring the most profitable parts of Fox will allow Disney to entice more cable networks, production studios and other properties to come on board. These new partnerships will … [Read more...] about Disney, Fox Layoffs: 10,000 May Lose Jobs After Merger
Disney’s Streaming Efforts Are CEO Iger’s ‘No. 1’ Priority
Feb 06, 12:04 AM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Danny Vena 02/05/19 AT 11:21 PM Expectations were high going into Walt Disney's (NYSE:DIS) fiscal first quarter earnings report. Even as investors awaited news on the company's financial results, much of the conversation focused on questions about the pending release of the Disney+ streaming service later this year and the anticipated closing of the Twenty-First Century Fox (NASDAQ:FOX) (NASDAQ:FOXA) acquisition, which is pending final regulatory approval.As for the earnings report, Disney started 2019 in fine fashion, reporting revenue of $15.30 billion, virtually unchanged from the prior-year quarter, and easily topping analysts' consensus estimates of $15.18 billion. Profitability also shined, with adjusted earnings per share of $1.84, down 3% year over year, but also surpassing expectations of $1.55.But on … [Read more...] about Disney’s Streaming Efforts Are CEO Iger’s ‘No. 1’ Priority