Disney Financial News

OTT releases of next week. Also Read| Movies, web series OTT releases this week: From Ghoomer in theatres to Guns & Gulaabs on Netflix Part of the Star Wars franchise, Ashoka is a miniseries focused on the life of a former Jedi Knight Ahsoka Tano. The cast for the show includes Rosario Dawson, Wes Chatham, Mary Elizabeth Winstead, Hayden Christensen, Ray Stevenson, David Tennant and Natasha Liu Bordizzo.

The new administrator of Walt Disney World’s governing district can’t continue to work in his new job and be chair of Florida’s ethics commission at the same time

Lies of P" is a Pinocchio-themed souls-like game, deviating from Disney's portrayal with a darker approach. Drawing from the original Pinocchio book, it emphasizes action-adventure elements to craft a challenging gaming experience. A recent gameplay trailer has unveiled the game's intense darkness and difficulty as players navigate Pinocchio through an unforgiving world. With its launch on Xbox Game Pass, anticipation is growing. Here's a breakdown of what we know about "Lies of P."

Netflix has recently introduced a substantial influx of 23 fresh movies, series, and games to its platform. Among the latest additions are noteworthy selections for August 18. Meanwhile, it's worth noting that today is the final opportunity to catch the Netflix Original film «Bleach» and Nickelodeon's offering «Santiago of the Seas.» Additionally, be aware that «Septembers of Shiraz» and «Take My Brother Away» are slated for removal from Netflix in the forthcoming days. Among the newly added on Netflix, viewers can certainly watch «Boy Erased», «Mask Girl Season 1», «LEGO® Legacy: Heroes Unboxed», «10 Days of a Bad Man», «A Life Too Short: The Isabella Nardoni Case», «Buya Hamka Vol. 1», 'Carancho', 'Crane World', «Elefante blanco», «Long Live the Bonus Family», «Love You Long Time», «Love, Sex and 30 Candles», «OMG! Oh My Girl», «The Monkey King». Meanwhile, the striking Writers Guild of America (WGA) on Thursday urged federal regulators to increase their oversight of the streaming media business, saying Walt Disney, Amazon.com and Netflix had amassed too much power. The guild, which has been on strike since May 2, issued a report arguing that the three companies were poised to become «the new gatekeepers of media» and have abused their positions «to further disadvantage competitors, raise prices for consumers, and push down wages for the creative workforce.» The union urged regulators to block any further consolidation in the industry, «proactively investigate anti-competitive issues and outcomes» and increase regulation and oversight of the streaming business.

SpaceX's surging revenue helped it turn a small profit in the first quarter of 2023 after two annual losses, the Wall Street Journal reported on Thursday, citing documents. The company generated $55 million in profit on $1.5 billion in revenue during the January-to-March period, according to the report.

By Danielle Broadway

Netflix is gearing up for a dynamic month ahead with many new movies and web series set to captivate viewers. From explosive documentaries to animated adventures and captivating romances, here's a sneak peek into what's in store.

Gov. Ron DeSantis’ appointees to a board that oversees Walt Disney World say a Florida judge should rule without trial against Disney as the company fights Gov. Ron DeSantis’ takeover of the governing district

«The mergers between two entities and the matters related to Mr Goenka family only, not related to the merger. And now that they have got a very clean chit, NCLT approval without any kind of conditions around creditors or any condition around the SEBI SAT issue, I think the merger will eventually go through without him,» says Karan Taurani, Senior VP, Elara Securities.Just going as per your last note, you had said that there is not going to be too much of an adverse impact on the merger with respect to the SEBI order because Punit Goenka has already stepped down from the board. But just wanted to get in your thoughts on the fresh set of news.So, if you look at this I think the last time when SEBI SAT came up with the statement I think they had given a timelines of almost about five weeks to complete the process.

TSG Entertainment, which helped co-finance hits including “Avatar: The Way of Water" and the “Deadpool" franchise for Twentieth Century Fox, is suing the studio and its parent company Disney for breach of contract. A suit filed Tuesday in Los Angeles Superior Court by TSG alleges that the Disney-owned movie studio intentionally withheld profits and cut sweetheart deals to boost its own streaming platforms Hulu and Disney+, as well as its stock price, at the expense of its partners.

Global Market Intelligence. Peacock and Apple TV+ now carry a number of Major League Baseball games exclusively, while Amazon’s Prime Video has become the primary home of the National Football League’s “Thursday Night Football." Even companies that generate significant amounts of revenue offering live sports on their cable channels are exploring offering them on their streaming platforms, a balancing act as they look to grow their streaming subscriber bases without cannibalizing their ailing TV-network businesses. Warner Bros.

Call it streamflation. The average cost of watching a major ad-free streaming service is going up by nearly 25% in about a year, according to a Wall Street Journal analysis, as entertainment giants bet that customers will either pay up or switch to their cheaper and more-lucrative ad-supported plans. Disney last week raised the price of its Disney+ and Hulu streaming services for the second time since last fall, following a string of similar announcements by the owners of Peacock, Max, Paramount+ and Apple TV+.

₹23,575 crore to buy television broadcast rights for the IPL tournament for five years, beginning 2023, but gave up the coveted digital media rights to Viacom18 that bid ₹23,758 crore. Apart from the IPL, the platform has stopped streaming some popular international content. Starting 31 March, Disney Star has removed 144 HBO originals as the company decided against extending its longstanding content deal with Warner Bros.

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By Dawn Chmielewski

Zee Entertainment Enterprises Ltd. may see further gains in its stock price as investors bet the Indian media company’s merger with a unit of Sony Group Corp. will boost its revenue and earnings.

(Reuters) — The union representing striking Hollywood writers said on Friday it had received a counterproposal from the studios that it would consider, an apparent sign of progress in the more than 100-day-old strike.

US stock market: On account of renewed fear of US Fed rate hike post-rise in US inflation, Wall Street indices witnessed sell off pressure on Friday session. Nasdaq index fell around 0.68 per cent on Friday. On weekly basis, the tech index of the US stock market went down by 2.34 per cent and for the first time in 2023, Nasdaq ended lower on two weeks in a row.

The Little Mermaid" is a live-action reimagination of Disney's beloved 1989 animated classic. The story of «The Little Mermaid» revolves around a youthful mermaid, Ariel (Halle Bailey), who is the daughter of King Triton (Javier Bardem). Yearning to embrace life on land and encounter the dashing Prince Eric (Jonah Hauer-King), Ariel embarks on a captivating journey. To manifest her aspirations, she strikes a pact with Ursula (Melissa McCarthy), a sea witch, and, accompanied by her comrades Flounder (Jacob Tremblay), the fish, Sebastian (Daveed Diggs), the crab, and Scuttle (Awkwafina), the seagull, she ventures to the world above. Steered by director Rob Marshall, this production weaves Alan Menken's original compositions with novel songs crafted by Lin Manuel-Miranda.

Here is your Pro Recap of the biggest earnings reports you may have missed this week and how analysts responded: numbers out of Disney, Eli Lilly, UPS, and Alibaba.

Writers Guild of America (WGA) said as the strike marked more than 100 days. The Alliance of Motion Picture and Television Producers, the group representing Walt Disney, Netflix, Warner Bros Discovery and other studios, is expected to provide responses to proposals from the WGA, the union said in a statement on Thursday. The strike began on May 2 after talks between the WGA and the major studios reached an impasse over compensation, minimum staffing of writers' rooms and residual payments in the streaming era, among other issues.