Disney Financial News

(Reuters) -Comcast has extended the date for the sale or purchase of its remaining stake in Hulu to Disney to Sept. 30 next year, CEO Brian Roberts said on Wednesday.

Disney wants to narrow the scope of its federal lawsuit against Gov. Ron DeSantis to just a free speech claim that the Florida governor retaliated against the company because of its public opposition to a state law banning classroom lessons on sexual o...

Investing.com — U.S. stocks were mixed to start the holiday-shortened week as investors look to the Federal Reserve's policy meeting at the end of September.

Investing.com — U.S. stock futures traded marginally lower Tuesday, handing back some of the previous week’s strong gains at the start of a holiday-shortened week.

Investing.com — U.S. futures traded with small losses Tuesday, as weak Chinese services activity data increased concerns about the economic recovery of the world’s second largest economy.

A dispute between Disney and Charter Communications has left nearly 15 million Spectrum TV cable television subscribers without some of their favorite networks

Disney wants to narrow the scope of its federal lawsuit against Gov. Ron DeSantis to just a free speech claim that the Florida governor retaliated against the company because of its public opposition to a state law banning classroom lessons on sexual o...

How I Met Your Father', which was a spin-off of CBS’ superhit show 'How I Met Your Mother', has been canceled after two seasons on Hulu. Here’s what we know of the development. Variety confirms that the Hilary Duff-starrer 'How I Met Your Father' will not be renewed. The reason is that the spin-off wasn’t received as well as expected. 'How I Met Your Father' premiered on Hulu in January 2022 and aired 30 episodes overall. 'How I Met Your Father' ended its second and final season on July 11, 2023, on Hulu.Hilary Duff plays Sophie Tompkins on 'How I Met Your Father', who is a photographer looking for a romantic partner. The show ended without revealing who Sophie has a child with. Maybe that was left for the third season, which is not happening as of September 2023.

Investing.com — The Dow on Friday notched its best week since July, as a monthly jobs report showing cooling wage growth in July, underpinned optimism that slowing inflation will likely persist and encourage the Federal Reserve keep rates steady next month.

Investing.com — The S&P 500 gave up some gains to trade flat Friday, even as a monthly jobs report showing slower wage growth underpinned optimism that slowing inflation will likely persist encouraging the Federal Reserve keep rates steady next month.

By Chibuike Oguh and Bansari Mayur Kamdar

Stocks that traded heavily or had substantial price changes Friday: Dell, Lululemon Athletica rise; Walgreens Boots Alliance, Olin fall

(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.

BCCI’s international bilateral cricket matches held in India as well as domestic competitions for ₹5,963 crore for a period of five years to 2028. The bid, however, is lower by ₹175 crore than the ₹6,138 crore Disney Star had paid for the previous fiveyear cycle, a sign that the value of bilateral cricket will be under pressure due to declining viewer interest in the Test and ODI formats. It translates to a payout of ₹67.76 crore per match, about 10% higher than in the previous cycle that had more matches. BCCI secretary Jay Shah said Thursday's e-auction has propelled BCCI into the upper echelons of permatch media rights valuation. “Throughout this process, we have steadfastly upheld the principles of transparency and fairness, ensuring that all stakeholders are treated equitably,” he said. Sources close to the development said Viacom18 bid ₹3,101 crore for digital rights and ₹2,862 crore for TV rights, with the difference between the two sets of rights being a mere ₹239 crore. They added that Sony Pictures Networks India (SPNI) was the only other bidder in the fray as Disney Star sat out of the e-auction, having already committed $4.5 billion for Indian Premier League (IPL) TV rights and International Cricket Council (ICC) digital rights. One of the sources said Sony's bid of ₹5,863 crore was ₹100 crore lower than Viacom18's bid.

Miley Cyrus has revisited the controversial 2008 Vanity Fair cover in a recent episode of her 'Used To Be Young' TikTok series, shedding light on the “meaningful” behind-the-scenes story. The cover featured 15-year-old Cyrus, photographed by Annie Leibovitz, draped in a white sheet with red lipstick.

NEW DELHI, MUMBAI : Viacom18 Media Pvt. Ltd, a unit of Reliance Industries Ltd (RIL), secured the media rights for all bilateral cricket matches to be played in India during the next five years for ₹5,963 crore through the e-auction conducted by the Board of Control for Cricket in India (BCCI) on Thursday. The RIL-run broadcaster outbid Sony Pictures Networks India across digital and television, while the third bidder, Disney Star, placed just a couple of bids, according to two people familiar with the development.

Viacom18 has won BCCI media rights for Rs 67.8 crore per match h outbidding Sony Pictures Networks India and Disney Star, sources tell Economic Times. The total value of the deal is Rs 5966 crore, sources added. The e-auction for the bilateral cricket media rights was held today. As per the tender released by the BCCI on August 2, the board had set a base price of Rs 20 crore per match for Package A, which comprises the TV rights for the Indian subcontinent. Package B, which includes global digital rights and the rest of the world TV rights, had a base price of Rs 25 crore per match. The media rights tender was floated for five years (2023-28), covering 88 matches. At Rs 45 crore per match, the overall base price worked out to Rs 3,960 crore. While lowering the base price, the BCCI has set a threshold of Rs 60 crore per match, or Rs 5,280 crore for the 88 matches.

₹48,390 crore in IPL (Indian Premier League) rights for the 2023-27 cycle. That included ₹23,575 crore from Disney Star (TV rights) and ₹23,757 crore from Viacom18 (exclusive digital rights). Later, when the ICC (International Cricket Council) auctioned its rights for four years, Disney Star was in the thick of action again, picking up the rights for $3.03 billion.

Disney Star, the official broadcaster of Asia Cup for both TV and digital platforms, has onboarded 18 sponsors for the marquee cricket tournament that starts today. The sponsors include renowned brands such as Charged by Thums Up, Nerolac Paint+, Glow & Lovely from HUL, Surf Excel, Jindal Panther, BPCL, My11Circle, Samsung Galaxy Z Flip5, Amul, Maruti, Berger, McEnroe, Thums Up, Amazon Pay, MRF, Policy Bazaar, Tira from Reliance Retail and ICICI PRU MF, the company said in a release. «Brands across categories are equally excited and have come forward to collaborate with Star Sports Network and Disney+ Hotstar to further their business objectives and get closer to millions of fans,» said Ajit Varghese, Head of Network — Ad Sales, Disney Star. «We are thrilled with the positive response received for the Asia Cup,» he added. According to sources aware of the development, Disney Star has so far onboarded more than 85 advertisers across TV and the digital platform for Asia Cup. The participating categories for Star Sports include beverages, handsets, 4-wheelers, 2-wheelers and auto ancillaries, BFSI, fantasy gaming, steel, paints, FMCG and personal care, e-commerce, and retail. Disney+ Hotstar categories include auto, BFSI, CPG, gaming, tech.

Disney Star, the official broadcaster of Asia Cup and ICC Cricket World both on TV and digital platforms, has bagged about Rs 200 crore sponsorship from Hindustan Unilever alone, according to media buying agency sources. The FMCG giant Hindustan Unilever has come on board as a sponsor for both TV and digital coverage of Asia Cup and World Cup for close to Rs 200 crore, a source, who didn't wish to be identified, told ET Online. Disney Star, which operates Star Sports channels and Disney+ Hotstar OTT, will be broadcasting both the Asia Cup and the 50-overs ICC World Cup mega tournaments. «Due to the festive period timing, both properties have garnered significant interest,» another source said. «Advertisers have the option of selecting from a wide range of packages across linear and digital that align with their business goals. With Asia Cup and World Cup events being held back-to-back, we believe Disney Star will be able to sell their inventory effectively.» Disney Star declined to comment on the development.

BEIJING — U.S. Commerce Secretary Gina Raimondo has left Beijing with a few deliverables: plans for formal discussions on export controls and tourism.