Disney Financial News

Disney plans to spend $60 billion to expand its theme parks, cruise lines and similar ventures over the next decade. The company said that because of its strong financial standing it could invest more in its parks, experiences and products division.

Walt Disney (NYSE:DIS) announced today plans to expand its investment in its Disney Parks, Experiences, and Products segment.

(Reuters) — Walt Disney (NYSE:DIS) said on Tuesday it would nearly double its capital expenditure for the parks business to about $60 billion over the next ten years.

“The Nun 2” and “A Haunting in Venice” virtually tied for the No. 1 spot in U.S. and Canadian theaters over the weekend, with a slight edge carrying the horror sequel over the Hercule Poirot mystery

ABC will be airing more “Monday Night Football” games than originally planned

Department of Telecommunications (DoT) has removed over-the-top (OTT) players, or apps, from the definition of telecommunication services in the Telecom Bill, giving huge relief to communication service providers such as WhatsApp, Signal and Telegram, which will thus remain out of telecom regulation. The DoT believes the existing definition under Indian Telegraph Act is good enough and there is no need to specifically put OTT in the new Bill. «We (DoT) don't have any intent to regulate OTT.

Investing.com — Here is your Pro Recap of the biggest analyst picks you may have missed since Friday: an initiation at Outperform for Walt Disney , as well as upgrades for Carvana , Micron, Unity Software, and Shake Shack.

By Davit Kirakosyan

streaming and television business including billionaire Mukesh Ambani’s Reliance Industries Ltd., according to people familiar with the matter. The US entertainment giant has discussed a range of options with would-be suitors, from a deal for the entire Disney Star business to a piecemeal transaction that may include some combination of its assets including sports rights and regional streaming service Disney+ Hotstar, the people said. Disney has been weighing strategic options for the business including an outright sale or setting up a joint venture, Bloomberg News reported in July after the Indian unit lost its streaming rights to the Indian Premier League cricket tournament to Viacom18 Media Pvt., a tie-up between Paramount Global and Reliance. Disney had approached Reliance about potentially buying a stake in the business, a person familiar with the matter said at the time. Discussions are ongoing and may not lead to any deal, the people said, asking not to be identified as the information is private.

OTT platforms are continuously delivering fresh content, catering to various tastes, be it action, drama, romance, or mystery. This week's lineup of new releases on popular OTTs like Disney Plus Hotstar, Netflix, and Amazon Prime Video promises a little something for everyone. Here's a list of the most promising releases this week, from “Love at First Sight," "A Million Miles Away " to "Kaala," "Wilderness," and more.

National Hispanic Heritage Month began on Friday, September 15, a number of cultural programs celebrating Latino art and culture were held across the country. It is held every year from September 15 to October 15, to recognize the contributions of Hispanic Americans. Prior to National Hispanic Heritage Month, there was Hispanic Heritage Week. President Lyndon Johnson recognized it as a month of holiday for the first time in 1968.

Contract talks that could end Hollywood’s writers strike are set to resume next week

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.

ICC) has issued an invitation to tender (ITT) in order to secure media rights for the Middle East and North Africa (MENA) market. Following the successful conclusion of media rights agreements in several markets, including India, Sub-Saharan Africa, the United Kingdom, the United States of America, and Canada, the ICC is now starting its media rights process in the Middle East and North Africa. For the MENA tender, men’s and women’s rights are once again being sold separately, with two four-year packages available, combining both TV and digital rights. One package will be for eight men’s events from 2024–2027 and the other for six women’s events across the same time span. ICC Chief Executive Geoff Allardice said: «We are delighted to be releasing the ITT for media rights in the Middle East and North Africa to continue to build our broadcast partnerships globally.

Hollywood's writers strike are set to resume next week, studios said on Thursday. The Alliance of Motion Picture and Television Producers, which represents the industry's studios, streaming services and production companies in union negotiations, said in a statement that they had reached out to the Writers Guild of America on Wednesday and the two sides agreed to resume negotiations next week. Leaders are still working out the details, the statement said, and no further specifics were provided. «Every member company of the AMPTP is committed and eager to reach a fair deal, and to working together with the WGA to end the strike,» the statement said. There are no talks yet planned to settle the actors strike. Writers have been on strike for 4 1/2 months over issues including pay, job security and regulating the use of artificial intelligence. A previous attempt to restart talks fell flat.

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.

Disney has released a trailer for "Goosebumps," its adaptation of the famous R.L. Stine scary book series for children. The trailer features a few startling moments and eerie scenes, accompanied by Travis Scott's song «Goosebumps.»

Donald Glover's Disney+ Lando series is now becoming a movie for Lucasfilm, confirmed by The Hollywood Reporter.Stephen Glover, Donald's brother, was collaborating on the project until the writers and actors went on strike in May. During an appearance on the Pablo Torre Finds Out podcast, he disclosed the decision to turn it into a film. Currently, the project is on hold due to the ongoing strike.Donald Glover portrayed Lando Calrissian in 2018's 'Solo: A Star Wars Story,' which didn't fare well at the box office. However, Glover received praise for his portrayal, leading to the announcement of the series by Disney in December 2020. Initially, Justin Simien (known for 'Haunted Mansion') was set to develop the series but exited, with Donald and Stephen Glover taking over the writing duties, leading to the transition into a feature film. Billy Dee Williams originally portrayed the charismatic space smuggler Lando in 'The Empire Strikes Back' (1980) and 'Return of the Jedi' (1983). He returned to the role in the movie 'Star Wars: The Rise of Skywalker' (2019). Donald Glover and Williams met before filming 'Solo.'

Disney has held initial talks on the sale of its ABC network to U.S. local TV station owner Nexstar Media, Bloomberg News reported on Thursday, citing sources. Shares of the media giant rose 1%, while Nexstar stock jumped nearly 6%.

Black White Orange, a licensing and brand solutions agency in India, has been appointed as the licensing partner by Viacom18 Studios for its new action film Fighter starring Hrithik Roshan and Deepika Padukone. The range, including apparel and accessories to collectibles and memorabilia, will also be available on the D2C brand www.a47.in.

Disney and Marvel Studios have just released a new look poster and a new trailer for the IMAX release of The Marvels. The latest Marvel movie will have more than 30 minutes of IMAX exclusive content in 1.90:1 expanded aspect ratio, which will feature up to 26 percent more pictures in certain sequences in the film. With the IMAX release of The Marvels, moviegoers are sure to experience more of the image on screen, with great clarity, crispness, and next-generation IMAX precision sound.