Disney Financial News

Raimondo said U.S. firms had told her that China had become «uninvestible.» Asked to respond to the comments Raimondo made in China, embassy spokesperson Liu Pengyu said that most of the 70,000 U.S.

Indiana Jones and the Dial of Destiny" has made its online debut merely two months after its theatrical premiere. The fifth installment, rumored to be the final in the iconic Indiana Jones series, sees the venerable 81-year-old Harrison Ford once again donning his emblematic hat and wielding his famed whip. Helmed by James Mangold and backed by executive producers Steven Spielberg and George Lucas, the film is set against the backdrop of 1969, a full three decades subsequent to the escapades depicted in «Raiders of the Lost Ark.» This narrative voyage witnesses Indy joining forces with his goddaughter Helena Shaw (portrayed by Phoebe Waller-Bridge) as they embark on a mission to seize a potent artifact, one that the clutches of Nazi scientists seek to secure. This latest addition, «Indiana Jones and the Dial of Destiny,» encapsulates the quintessential essence of an Indy adventure. Despite its remarkable accomplishment of amassing $378.9 million in global box office receipts, essentially recuperating its production expenditures, the film's performance left much to be desired.

Cryptoys - Andreessen Horowitz-backed, non-fungible token (NFT)-native digital toy company - confirmed that it will launch a new collection featuring the world's most famous mice and planet-named dog.

By Aditya Kalra, Munsif Vengattil and Dawn Chmielewski

Climate activism has intensified in the past few years as the planet warms to dangerous levels, igniting more extreme heat, floods, storms and wildfires around the world

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.

Walt Disney Company is one of the most successful media and entertainment companies in history. It's a vast conglomerate that stretches from cartoon characters and animation films that much of the world grew up with, from Snow White and the Seven Dwarfs to Beauty and the Beast, to news channels and the world's most famous theme parks. So, why does this company seem to be struggling suddenly? According to at least one estimate, Disney may have lost close to $900 million on its recent films.

Writers Guild of America (WGA) are still on strike in Hollywood. Several rounds of talks with the Alliance of Motion Picture and Television Producers (AMPTP) have failed. Here's the update on the talks. The latest round of negotiations came to an uncertain halt on August 22, after the AMPTP went public with its first counteroffer since May 2023, when the strike began and the WGA had made its original proposal. The Hollywood Reporter writes that the proposal was dated August 11 but released on August 22. The AMPTP's counteroffer was trashed by the WGA as something done “not to bargain, but to jam us” and not “nearly enough.” The WGA informed its members on August 24 that it responded with its own counter-proposal on August 15 and further negotiations were held. On August 22, WGA leaders met with AMPTP reps as well as head honchos of Disney, Netflix, NBCUniversal, and Warner Bros. Discovery. AMPTP president Carol Lombardini said the counteroffer “meets the priority concerns the writers have expressed” and hoped the strike would end. The WGA has never released the details of its desired terms and conditions in public since May 2 this year, when the strike started. Studios and Lombardini would like to start talks sooner. The WGA said the offer was like “giving with one hand and taking back with the other”. It said the release of the proposal by the AMPTP was a “tactic in the middle of an ongoing negotiation.”

Also Read: Nvidia share price hits all time-high, short sellers lose $826 million On Thursday, around 321,000 Disney options contracts were traded, which was 1.4 times the average daily volume, according to data from options analytics firm Trade Alert. Trading sentiment leaned toward bearish bets with put options that would guard against the stock slipping below 80 by mid-September and mid-October, and were among the most actively traded contracts, Reuters reported.

Indian stock market is expected to open lower on Friday tracking losses in global peers amid a rise in US Treasury yields as traders await Federal Chairman Reserve Jerome Powell’s speech for clues on the interest rate outlook. Asian markets traded lower, while US stocks ended in the red on Thursday as investors sentiment turned cautious. On Thursday, the Indian benchmark equity indices, Sensex and Nifty, closed lower on profit booking in shares of select heavyweights.

(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.

Employees of Walt Disney World’s governing district are criticizing new board members appointed by Gov. Ron DeSantis for a decision to eliminate free passes and discounts to the theme park resort for 400 of its district workers

Employees of Walt Disney World’s governing district are criticizing new board members appointed by Gov. Ron DeSantis for a decision to eliminate free passes and discounts to the theme park resort for 400 of its district workers

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.

The Hollywood Reporter, the movie stars Sofia Boutella as Kora, a mysterious woman who helps organize the peaceful residents of a planet to fight back against an authoritarian government. Doona Bae, Ray Fisher, Staz Nair, Michiel Huisman, Charlie Hunnam, E Duffy and Djimon Hounsou have also starred in the “Rebel Moon". The teaser was released as part of Gamescom Opening Night Live in Germany.

Actors Kerry Washington and Martin Sheen have delivered rousing speeches celebrating labor unity at a rally for striking Hollywood actors and writers and other workers supporting them

Gov. Ron DeSantis’ appointees to a board that oversees Disney World’s governing district have launched a battle against the company on a new front — free passes and discounts for employees

Hayden Christensen return as Anakin Skywalker in Ahsoka? Christensen portrayed Anakin in ‘Star Wars’ trilogy, and appeared in ‘Obi Wan Kenobi’. Ahsoka first came in the anime series «Star Wars: The Clone Wars» and Anakin Skywalker mentored him.

Percy Jackson and the Olympians" is set to receive its own adaptation on the Disney+ streaming platform, as per reports. The beloved five-book fantasy series was penned by author Rick Riordan, who will take on the role of producer for the upcoming television series. Disney+ officially acquired the series, which had been hinted at back in 2020, but it wasn't until nearly two years later that Rick himself confirmed the news through a tweet. Audiences will have the chance to witness the adventures of Percy and his companions, Grover and Annabeth, as they grapple with newfound abilities intertwined with the deities of Greek mythology. Here's a comprehensive rundown of what you should know about Disney+'s adaptation of Percy Jackson and the Olympians.

Christopher Nolan's 'Oppenheimer' has crossed the $700 million mark in global box office earnings, emerging as the fourth highest-grossing film of the year. Following a span of five weeks since its debut, the R-rated historical drama has achieved a remarkable feat, amassing an impressive $718 million at the worldwide box office. The earning includes a substantial $285 million from North American audiences and an impressive $437 million from international markets.

Hurricane Hilary is predicted to make its impact on California overnight Sunday. The National Weather Service, recognizing this unusual situation, has released a Tropical Storm Watch for the first time in the area. Consequently, California has declared a state of emergency. The looming consequences encompass potential flash floods and strong winds, particularly across L.A., Ventura, and even Santa Barbara counties. The period of heightened impact is foreseen to span Sunday and Monday. Due to Hurricane Hilary, a number events and concerts have been postponed as well as rescheduled. Several theme parks including the Disneyland have made major announcements regarding closing timings. While CicLAvia – Koreatown has historically taken place regardless of weather conditions, organizers have opted to cancel the event due to the unpredictability of Sunday's weather. Although the forecast suggests substantial rainfall may hold off until later in the day, CicLAvia—Koreatown meets Hollywood has been called off in consideration of the safety of participants from both near and far.