Disney Financial News

The “Barbie” movie created magic at the box office, but the iconic doll’s parent Mattel is bracing for it to make a big difference in the toy aisles

Ugly Betty’, an ABC series based on the Colombian telenovela «Yo soy Betty, la fea,» originally aired from 2006 to 2010. The show follows the journey of Betty Suarez, portrayed by America Ferrera, as she defies stereotypes to become an assistant at Mode, a prestigious fashion magazine. Amidst initial challenges, Betty manages to win over both friends and adversaries within the glamorous but competitive world of fashion.

ESPN chairman Jimmy Pitaro says the network could take on a sports league as a minority partner as the network continues its transition from a cable channel to a digital company

Star Sports and streaming platform Disney+ Hotstar have released rate cards for advertisers for the upcoming Asia Cup and ICC Cricket World Cup. Star Sports is asking for Rs 120 crore for co-presenting sponsorship and Rs 90 crore for associate sponsorship opportunities for the World Cup. The broadcaster is asking spot buyers to pay a premium rate of Rs 31 lakh per 10-seconds for India and knockout matches. The sports broadcaster aims to secure Rs 26 crore for co-presenting sponsorship and Rs 20 crore for associate sponsorship for the Asia Cup while seeking spot buy rates of Rs 25 lakh per 10 seconds for India vs. Pakistan as well as the final match. "Disney Star will make every effort to capitalise on both events. It is counting on a variety of factors, including the festive season, India vs. Pakistan matches, and the ICC World Cup taking place in India after 12 years, to work in its favour," said a top ad sales executive. Industry watchers said that a lack of ad spending by startups coupled with the levy of 28% GST on gaming companies might upset the media company's ad revenue targets. Gaming has become one of the key advertising categories with annual ad spends by gaming companies estimated at $1 billion.

Talk to Me is already generating excitement among horror enthusiasts.

Alok Jain, who quit Disney Star recently, has joined Viacom18 as President and Head of Colors Hindi and Regional, with an additional mandate to oversee the regional digital content rollout. The hiring comes at a time when Viacom18 is focused on making Colors the top Hindi GEC in the nation. Jain will effectively be Viacom18 CEO for TV business and digital-regional content Kevin Vaz's deputy in the Viacom18 hierarchy.

Poor Things, Next Goal Wins, Wish and Magazine Dreams, all originally set for release this year, might be affected, as per Bloomberg.  However, any decisions regarding these films will be contingent on the outcome of the ongoing review, as per the sources who requested anonymity while discussing internal matters. Certain movies might be too far along in their marketing campaigns to be altered.

Walt Disney Co. is reviewing its schedule of film releases through the rest of the year and may delay some titles because striking actors won’t help promote the pictures, according to people familiar with the matter. The discussions are at an early stage, but could impact films including Poor Things, Next Goal Wins, Wish and Magazine Dreams, which are all slated for release this year.

Presidential candidate and Republican Florida Gov. Ron DeSantis is asking for an investigation of the state's investments in the company that makes Bud Light because of conservative backlash over a transgender social media influencer marketing the beve...

Foxtel chief executive Patrick Delany can exhale a little. The pay TV company struck a deal last week with ESPN to continue as the local go-to broadcaster for top sport played in the United States.

Warner Bros.' latest film, Barbie, directed by Greta Gerwig, took the box office by storm during its opening weekend, earning a whopping $155 million in the U.S. The neon-filled big-screen debut of the iconic Mattel doll surpassed early projections and emerged as the biggest movie premiere of the year.

Hollywood studios eager to market big-budget releases are searching for ways to fill the publicity gap left by striking actors, who are barred by their union from promoting projects through red carpets and press tours during the work stoppage. Film and TV studios typically rely on actors to help market their products by walking the red carpet at premieres, showing up for talk show interviews and sitting down for magazine profiles.

Two years ago chief diversity officers were some of the hottest hires into executive ranks. Now, they increasingly feel left out in the cold. Companies including Netflix, Disney and Warner Bros.

Hollywood’s biggest strike in 60 years is exposing fault lines between the industry’s giants, with traditional entertainment companies expected to take a near-term hit while streamers such as Netflix are better positioned for a long stalemate. Though they hope for a quick resolution, entertainment executives say they are contemplating the prospect that the joint strike by actors and writers could drag on for months—even through the end of the year. Warner Bros.

₹46 crore in 2021-22, ₹13 crore in 2020-21, and ₹27 crore in 2019-2020. Initially, Star India held the majority ownership with a 35% stake in FSDL and had broadcasting rights for the league. Reliance Industries owned a 33% stake directly and another 32% through the joint venture with IMG Worldwide.

Netflix tumbled 6% on Thursday after lackluster revenue growth sparked concerns it could take longer for the video-streaming pioneer's new money-making ventures to drive growth. The company added nearly 6 million subscribers in the second quarter — almost triple of what Wall Street expected — thanks to a crackdown on password-sharing and the introduction of a cheaper subscription tier that comes with advertising. However, quarterly revenue growth and forecast lagged estimates and co-Chief Executive Officer Greg Peters it would take «several quarters» to see returns from those efforts.

American Heartland Theme Park and Resort with support of American Heartland leadership. It is located in northeast Oklahoma just west of Grand Lake on Route 66, is set to become a leading attraction with a price tag exceeding whopping $2 billion. The project will be implemented in phases, with the first phase scheduled to open in the spring of 2025, featuring a large-scale RV park with cabins. The centerpiece of the development, a world-class theme park and resort, is slated to open its doors in 2026. The American Heartland Theme Park and Resort aims to deliver an unparalleled visitor experience that will rival renowned resort destinations worldwide. Spanning an impressive 1,000 acres, the development will include a 125-acre theme park, comparable in size to iconic attractions such as Magic Kingdom Theme Park and Disneyland Park. The project is being spearheaded by American Heartland, a developer deeply rooted in Oklahoma, and affiliated with Mansion Entertainment Group, LLC, a prominent performing arts, animation, and studio brand based in Branson. Notably, the design team comprises elite professionals in the theme park industry, including former Disney Parks builders and Walt Disney Imagineers. Renowned design firms such as THG, FORREC, and Cuningham, recognized for their work with iconic brands like Six Flags, Disney Parks, and Universal Studios, are involved in creating this extraordinary destination. The 125-acre theme park is projected to attract more than 4.9 million guests per year. Additionally, the development will feature a state-of-the-art 300-room hotel and a modern indoor water park, further enhancing the visitor experience.

IATSE) is holding a vote on whether the 1,500 people on a so-called pink contract should go on strike. The move has been taken after the talks between Disney Theatrical Productions and Broadway League came to an end without a conclusion. If the majority votes for the strike, 1500 people working in 45 theatrical shows with 28 productions on Broadway and 17 on Tour will join the strike, bringing the filming job to a standstill. The IATSE has said that if the deal is not struck, these workers will begin the strike on Friday. To go for a strike, the unions must get at least 75 percent yes votes, but it doesn’t mean necessarily going on the strike. The negotiations may take palace and the majority vote may be a ploy to warn and show strength for a better bargain. The pink workers are generally employed directly by the production houses and either they work out of the city or go on a tour. They are covered under IATSE Local One. Talking to journalists, IATSE International President Matthew D. Loeb said that the pink workers need to show unity and strength to ensure they get better wages and the working conditions that they deserve. The previous contract came into effect on July 1, 2019, and it ceased to exist on July 2, 2023. The first negotiation was held on May 25, when the two sides sat, talked, and held negotiations for 19 hours. Some progress was made in the negotiations, particularly on the issues of healthcare and housing for the touring workers. But wage hikes and the daily and weekly rest periods are some of the sticking points. A spokesperson for the Broadway League, an association of producers and managers, refused to comment.

Dylan Sprouse, who became a household name with his performance as a child actor in the Disney Channel series 'The Suite Life of Zack & Cody', tied the knot with model Barbara Palvin in an intimate wedding ceremony in Hungary. The couple exchange their wedding vows during the weekend on July 15. For the ceremony, the 29-year-old opted for a custom strapless gown from Vivienne Westwood and paired it with jewellery from Tiffany & Co.

Major League Baseball will take over broadcasts of Arizona Diamondbacks games after a federal bankruptcy judge on Tuesday granted a motion for Diamond Sports to reject its rights agreement

Solidarity and stamina are themes on picket lines in New York and Los Angeles as striking actors and writers are bracing for a long standoff with studios