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The release date has not been confirmed, but the platform is already claimed to become an ‘all-new socially driven collectible experience that brings the magic of pin collecting to the digital age’. Entertainment giant the Walt Disney Company (NYSE: DIS) has joined forces with a leading blockchain-based video games developer Dapper Labs Inc. to launch an NFT collectibles platform. Dubbed “Disney Pinnacle”, the platform will allow collectors to buy and trade branded NFTs minted on the Flow...
Read More »Warner Bros. Discovery Q1 2023 Results Sees Media Giant Realize Streaming Profit despite Sustaining Overall Loss
Due to its commendable Q1 2023 streaming numbers, Warner Bros. Discovery expects its streaming business to stay profitable this year. On Friday, May 5, Warner Bros Discovery (NASDAQ: WBD) reported its Q1 2023 earnings before the bell that came in mixed. For instance, the media and entertainment giant reported a significant overall loss despite raking in profit from its streaming endeavors. Warner Bros. Discovery lost $930 million in quarterly free cash flow even though its...
Read More »Disney (DIS) Shares Up 9% as Bob Iger News Keeps Driving Sentiment
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Read More »Disney (DIS) Stock Down 1.1%, Analyst Says Parks Attendance May Need 2 Years to Normalize
Disney (DIS) stock price is falling. Wells Fargo analyst Steven Cahall stated that the studio’s theme parks division will need a couple of years to return to normal business.The Walt Disney business has been seriously hit by the stay at home orders caused by the ongoing coronavirus. The Walt Disney Company (NYSE: DIS) stock fell 1.2% in after trading hours on Tuesday and is 1.1% down now, after Wells Fargo analyst Steven Cahall downgraded it, claiming that the Disney parks attendance could...
Read More »Disney (DIS) Stock Rises 3.59% in Pre-market, Is Its Takeover by Apple Possible This Year?
Though it’s probably too early to speak about it, but the Disney takeover by Apple seems to be quite real these days. Disney (DIS) stock is rising in the pre-market today.It seems like the Walt Disney Company (NYSE: DIS) takeover by Apple Inc (NASDAQ: APPL) is something that may be really possible soon. This is all due to the COVID-19 situation and its effects on the Disney business model. Sources say that though Disney has a lot going for it during this period, several things are working...
Read More »Disney (DIS) Stock Rises Over 11% Today, Disney+ Launches in Some European Countries
Disney (DIS) stock price has risen as the entertainment company has launched its streaming service in seven European countries. This has also excited investors at a time when confidence is low.The Walt Disney Company (NYSE: DIS) stock price has risen as Disney + has opened across Europe. Sources say that the stock price has responded positively despite the prevailing COVID-19 situation. Disney (DIS) stock was at $90.79 (+5.87%) in the pre-market today. At the time of writing, DIS stock is...
Read More »Disney (DIS) Stock Lost Over 9% on Friday, Is in Red Today, Disney+ Is Launching in Europe
Disney (DIS) stock price is falling due to the poor performance of its “Onward” movie. COVID-19 is causing disruptions in the entertainment industry apparently. Meanwhile, Disney+ is launching in Europe.The Walt Disney Company (NYSE: DIS) stock price has dropped since the premiere of Pixar’s new feature-length “Onward”. Sources say that this is because of falling demand from the theaters across the United States and beyond. On Friday Disney stock fell to $85.98 (-9.43%) at the market’s close....
Read More »Dow Futures Add 4% Today, S&P 500 and Nasdaq Futures Are Also in Green
Dow Jones futures and S&P 500 futures have changed little this morning, while Nasdaq futures rose modestly after California issued a “stay-at-home” order to slow the Covid-19 spread.U.S. stock futures started good on early Friday morning, showing potential for a positive opening after an also positive Thursday session. Investors are obviously still watching over coronavirus developments. The Donald Trump administration proposed an $850 billion stimulus package to stabilize the economy,...
Read More »Fox Involves in Streaming Business via $440 Million Tubi Aquisition
The streaming service with top Hollywood shows and films Tubi is now under the wings of Fox, a broadcast and news company. They inked a partnership worth $440 million, paid by Fox for full share control.Fox still holds Murdoch Family’s media assets, television and cable sports channels after selling the 21st Century Fox to Disney. Tubi Ltd (ASX: 2BE) is one of the free ad-supported services of film streaming. Recently, they have offered their young audience to Fox Corporation (NASDAQ: FOX)....
Read More »Disney (DIS) Stock Is Down 3% while Bob Iger to Step Down as Disney CEO
It has become known that Bob Iger is leaving his position of the Disney CEO, the DIS stock has reacted negatively to the announcement and is falling in the pre-market.Walt Disney Co (NYSE: DIS) CEO is stepping down. Sources indicate that Bob Iger has resigned from the top role in the entertainment giant yesterday. The announcement was made after trading hours. Disney (DIS) stock went into a dive after the announcement about the CEO. Bob has reportedly decided to step down to take up creative...
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