Disney Financial News

Disney reports its fiscal third-quarter financial results on Wednesday

Investing.com — U.S. stock futures edged higher Monday, starting the new week on a positive note as investors await more corporate earnings and key inflation data.

Investing.com — U.S. stock futures rise, hinting at a rebound from weekly declines on Wall Street, as investors gear up for key inflation data later in the week as well as the final leg of the latest quarterly earnings season. Meanwhile, «Barbie» surpasses $1 billion in global ticket sales.

By Nell Mackenzie

Gen Con, a popular tabletop gaming event held annually in Indianapolis, is a hub for Trading Card Games enthusiasts. This year's Gen Con attracted attention as it marked the debut of Disney Lorcana, a trading card game featuring beloved Disney characters, available for the first time at the Indiana convention. It is also in the news as a theft of over $300,000 worth of gaming cards was also reported at the event. Initial suspicions of the recent August 2, 2023 heist fell on the Disney cards, but it appears a full pallet of Magic: The Gathering cards was the target. Magic cards have gained notoriety due to their appreciating value, drawing the attention of thieves. Notably, in August 2023, Post Malone acquired a rare Lord of the Rings-themed card for $2 million. The Indiana Metropolitan Police Department confirmed the theft of over $300,000 worth of gaming cards on August 2, just a day prior to Gen Con's commencement. Within two days of the crime, authorities released two photographs of the suspects absconding with the stolen goods, urging the public's assistance in their identification. Additional photos were unveiled a day later. The theft occurred while vendors were occupied with setting up their stalls, catching them off-guard. According to the police, the alleged theft transpired during a busy period, leaving vendors oblivious to the incident. The IMPD revealed that the stolen cards were relocated to an undisclosed location. As of the August 4, 2023 report, the whereabouts of both the suspects and the stolen goods remain unknown.

Wall Street's main indices ended lower on Friday, capping off a losing week as investors digested the latest U.S. jobs report and disappointing earnings from Apple (NASDAQ:AAPL).

inflation data for July and few major earnings. The Consumer Price Index (CPI) report for July is slated to be released on 10 August and the Producer Price Index (PPI) report on 11 August. Next week, earnings reports of following companies are due – Tyson Foods, Lucid Group, Skyworks Solutions, Paramount Global, Palantir Technologies, Eli Lilly, United Parcel Service, Coupang, Li Auto, Datadog, Disney, Trade Desk, Roblox, Wynn Resorts, Brookfield Asset Management, Alibaba, US Foods, Ralph Lauren, Spectrum Brands and Soho House.

During the last five-year phase (2018-23), the BCCI had earned USD 944 million (Rs 6,138 crore approx in 2018 exchange rate) from Star India with a price per international game being Rs 60 crore (digital plus TV). Unlike last time, the BCCI will invite separate bids for TV and digital rights after a whopping Rs 48,390 crore earning during the IPL media rights auction where Reliance won the digital bid and Star won the TV rights. The bidding process will once again be conducted through e-auction just like it happened with the IPL media rights as it is considered the most transparent process for best price discovery.

The weekend is here, and so is the list of the top OTT release of this week. The top shows on the list are Guardians of the Galaxy, Dayaa, The Hunt for Veerappan, etc. The detailed list consists of some more shows and movies of different genres.

entertainment industry. Los Angeles Mayor Karen Bass expressed encouragement over the reopening of communication, as the ongoing strikes by writers and actors have had a negative impact on the economy. “It is critical that this gets resolved immediately so that Los Angeles gets back on track," she said in a statement, reported Reuters.

Hulu is constantly updating its movie collection, making sure you have plenty of entertainment during the upcoming heat waves. Among the summer movie classics is Jurassic Park, released 30 years ago in June 1993. Excitingly, Hulu added all three films from the original Jurassic Park trilogy to their catalog on the first day of August, giving you a chance to indulge in a nostalgic summer-night marathon if you were fortunate enough to experience these movies in theaters. Adding to the charm, Hulu will also include the witchy classic from 1998, Practical Magic. While not a typical «Halloween season» movie, it will evoke the feeling of cooler autumn temperatures and remind you that Halloween is just around the corner. Alongside these classics, Hulu has a variety of contemporary movies lined up for its streaming service in August, ensuring there's something for everyone to enjoy.

An U.S. publishing executive has died in a boating accident off Italy’s Amalfi Coast

Bloomsbury USA chief Adrienne Vaughan was killed on Thursday. Vaughan was on vacation with her family and went on an excursion to the scenic coast where her cruiser collided with a tourist boat, carrying a wedding banquet.

OTT platforms, Board of Control for Cricket in India (BCCI) set a higher base price for digital rights compared with TV. It has also reduced the overall base price to ₹45 crore per match for upcoming media rights cycle. The base price stood at ₹61 crore per match for Disney star paid in the recent cycle.

BCCI) has set a higher base price for digital rights compared with TV while lowering the overall base price to Rs 45 crore per match for the upcoming media rights cycle compared to Rs 61 crore per match that Disney Star paid in the recently concluded cycle. In cricket, the base price for digital rights has never been higher than TV rights in the past. As per the tender released by the BCCI on Wednesday, the board has set a base price of Rs 20 crore per match for Package A, which comprises the TV rights for the Indian subcontinent.

ESPN is hunting for a strategic partner as it tries to bring order to the messy world of sports streaming—and secure its own future in the process. Talks with potential partners and investors have touched on several roles ESPN can play in the fragmented streaming industry, from carrying local broadcasts for pro sports teams to serving as an industrywide hub to stream any live game, people familiar with the discussions say.

Accordint to a report released by Messari, Polygon ($MATIC), a suite of Ethereum-based scaling solutions, unveiled key insights and recent developments in its ecosystem for the second quarter of 2023. Among the key highlights, Polygon Labs introduced Polygon 2.0, a network of zero-knowledge Layer-2 blockchains. This new development aims to become the «Value Layer of the Internet,» bringing significant updates to protocol architecture, tokenomics, and governance.

₹15 lakh. The board is yet to take a call if it is going to be an e-auction or a closed one and whether there will be a single auction for composite rights or digital and television to be sold separately.

Amazon.com Inc. and Alphabet Inc. to bid in a media rights auction of its team’s games amid waning interest from firms who had recently competed fiercely for the wildly successful Indian Premier League. The proposed starting date of the auction process for the media rights of the so-called bilateral series, played by the Indian team against other countries, for the next five years is postponed by at least two weeks as the Board of Control for Cricket in India reaches out to more firms to drum up interest in the property, according to people familiar with the matter. The lukewarm response by media firms ahead of the auction highlights the struggle to make money amid weak advertising revenues, with the shorter-format IPL being the top cricket property garnering higher viewership over the years. The sale process is running two weeks behind a timeline suggested by its adviser, Ernst & Young, under which auctions would have been completed by August end, they said. EY expects the sale of rights to 102 matches to raise at least $750 million, almost the same price for what it was sold five years back, the people said, asking not to be named as the information is not public. In contrast, the rights to IPL, which was auctioned last year, had surged almost threefold from the previous offering. The IPL remains one of the world’s most popular sporting contests and is still garnering the most eyeballs among cricket events. Last year, BCCI raised record amounts of money by selling media rights for the IPL through an auction as Viacom 18 Media Ltd., controlled by billionaire Mukesh Ambani, and Walt Disney Co. outbid rivals, including Sony Group Corp.

Disney Star is bullish on onboarding robust sponsorships from most sectors, be it startups or established firms, banking on flexible advertising packages for the upcoming marquee Asia Cup and ICC ODI World Cup events that it forecasts will see unprecedented reach. «We are making advertising on Disney Star network flexible, we are making it customisable.

Diversity, equity and inclusion programs have been abolished from Walt Disney World’s governing district, which is now controlled by appointees of Gov. Ron DeSantis