Bob Iger News

(Reuters) — Walt Disney (NYSE:DIS) said on Wednesday it will offer discounts on ticket prices for children at its theme parks for a limited period as it looks to boost traffic.

Password-sharing crackdowns are becoming more and more common in the streaming world today

Disney Plus is set to implement stricter measures against password sharing and account usage outside of one's household, with these new regulations initially taking effect in Canada Starting on November 1. Subscribers in Canada received email notifications from the streaming service on Wednesday, outlining the updated rules concerning account sharing. Disney CEO Bob Iger had previously indicated the company's intention to address the issue of password sharing, aligning with the approach adopted by streaming behemoth Netflix, which began imposing an $8 charge for additional users on a single account earlier this year. Disney in the updated Subscriber Agreement, specified that a household includes only “the collection of devices associated with your primary personal residence" and used by the people who live there. The agreement also suggested that Disney+ will introduce new fee options for users who want to add outside members to their accounts, noting that the upcoming rule applies to everyone “unless otherwise permitted by your Service Tier”. The company is following in the footsteps of Netflix, which officially began cracking down on password sharing in the US and other countries in May.

Writers Guild of America and the Alliance of Motion Picture and Television Producers have inched toward a deal to end the nearly five-month strike, though no agreement has been reached. There are strong indications that the two sides are closing in on a tentative agreement. In a short message sent to members, the WGA confirmed that negotiations are scheduled to resume shortly and thanked them for responding to the call to pack out the guild’s picket lines.

Hollywood studios and striking screenwriters are resuming negotiations for the second day in a row

The Walt Disney Co. is planning to invest approximately $60 billion into its theme parks and cruise lines over the next decade, as the company looks to continue growing one of its more successful business segments

Walt Disney Co. (NYSE:DIS) has engaged in initial discussions regarding the potential sale of its ABC network and TV stations to Nexstar Media Group Inc. (NASDAQ:NXST), according to Bloomberg News.

Reuters. These discussions follow Disney CEO Bob Iger's statement in July, where he mentioned the possibility of divesting some of the company's conventional TV holdings. These assets have faced challenges over the years due to the increasing dominance of streaming services.

(Reuters) -Walt Disney and Charter Communications (NASDAQ:CHTR) traded salvos over their unresolved distribution agreement after several channels including ESPN went dark on Thursday for customers of Charter's Spectrum cable service.

Bob Iger led a 45-minute town hall session in Burbank, California. During the exchange, Iger took on questions from anxious employees on thorny issues like the recruitment ban, the outlook for conventional television enterprises, the possible sale of the company, and the company’s stance on LGBTQ concerns that had plagued the term of his predecessor Bob Chapek. Regarding the latter, Iger emphasised that a fundamental principle of Disney's storytelling was embracing inclusion, acceptance and tolerance, and it was crucial for the company to uphold this. But his big message to the employees in the end was: “The status quo is gone.” As he has set about reshaping Disney, the path has been arduous for Iger. The CEO has been dealing with a spectrum of challenges, from tackling streaming losses and dipping linear subscriptions to navigating advertising headwinds. Concurrently, he has had to manage an internal reorganisation that empowers creative divisions for content authority and distribution, while addressing vital cultural aspects like LGBT inclusion. Then there’s the key task of identifying a successor. The CEO has acknowledged that the task of turning around the Disney business has proven more challenging than he anticipated. Over the past year, Disney's stock price has fallen by 30%. On August 25, the stock closed at $83.27, mirroring levels last seen in May 2014. In the June quarter, revenue climbed 4% to $22.33 billion, yet missed forecasts. A $2.7-billion restructuring expense led to a $460-million loss, compared with last year's $1.4 billion profit. Iger's urgent focus is to halt the decline of the TV market, curb streaming losses, and arrest the stock price slide.

(Reuters) — Shares of Walt Disney (NYSE:DIS) were down 3.7% on Thursday, hitting their lowest level in nearly three-and-a-half years, with some investors betting that a further price drop is on the cards in the next few months.

leadership of the WGA. The strike is approaching its fourth month and if a deal isn’t reached soon, the 2023-2024 television season and many high-profile movies are likely to be delayed or scrapped altogether. “We have come to the table with an offer that meets the priority concerns the writers have expressed.

Global Market Intelligence. Peacock and Apple TV+ now carry a number of Major League Baseball games exclusively, while Amazon’s Prime Video has become the primary home of the National Football League’s “Thursday Night Football." Even companies that generate significant amounts of revenue offering live sports on their cable channels are exploring offering them on their streaming platforms, a balancing act as they look to grow their streaming subscriber bases without cannibalizing their ailing TV-network businesses. Warner Bros.

By Dawn Chmielewski

Here is your Pro Recap of the biggest earnings reports you may have missed this week and how analysts responded: numbers out of Disney, Eli Lilly, UPS, and Alibaba.

Writers Guild of America (WGA) said as the strike marked more than 100 days. The Alliance of Motion Picture and Television Producers, the group representing Walt Disney, Netflix, Warner Bros Discovery and other studios, is expected to provide responses to proposals from the WGA, the union said in a statement on Thursday. The strike began on May 2 after talks between the WGA and the major studios reached an impasse over compensation, minimum staffing of writers' rooms and residual payments in the streaming era, among other issues.

Disney Chief Executive Bob Iger on Wednesday said he was committed to finding a solution to the Hollywood writer and actor strikes, citing his «deep respect» for creative professionals, as he signaled a turn from comments that inflamed tensions last month. Iger last month told striking actors that their demands were «not realistic.» The Hollywood writers' strike entered its 100th day on Wednesday with contract talks stalled and people on the picket lines protesting what they say is a disregard for their demands. The actors strike started less than a month ago. The growth of artificial intelligence has been a key issue for union members, who fear that it could replace their creative input.

NEW DELHI : The loss of Indian Premier League (IPL) streaming rights blew a hole in the subscriber base of Disney+ Hotstar in the June quarter, with 12.5 million users choosing not to renew their subscriptions. Walt Disney Co. said the subscriber base at its video streaming platform shrank 24% from 52.9 million to 40.4 million, the sharpest fall in any quarter yet.

Disney ’s era of budget-priced streaming video packages and galloping subscriber growth has come to an end. For the second time in about a year, Disney unveiled a round of major price increases to its streaming products, raising the cost of the ad-free versions of Disney+ and Hulu by more than 20% each. The company also vowed to crack down on password-sharing , an effort that streaming rival Netflix started in earnest earlier this year.

Investing.com — Investors are gearing up for the release of key U.S. inflation data that could factor into future policy decisions taken by the Federal Reserve. Disney shares move higher premarket after the entertainment giant announces price hikes on its streaming platform, but boss Bob Iger says the company is considering options for its flagging TV business. Elsewhere, China expresses «serious concern» over a U.S. ban on some investments in the country's tech sector, hinting at a potential retaliation.

Disney Co. CEO Bob Iger vowed to make its streaming services profitable via a planned October price hike on its ad-free Disney+ and Hulu plans and a crackdown on password sharing expected to extend through next year. The increases will raise the monthly cost of ad-free Disney+ by $3, or roughly 27%, to almost $14.