Needham & Company Upgrades Walt Disney (DIS) to Buy, 'The Magic's Back'

Disney and Epic Games to Create Expansive and Open Games and Entertainment Universe Connected to Fortnite

February 7, 2024 4:15 PM EST

Open, persistent and social universe will bring Disney stories and experiences to life, interoperating with Fortnite and its more than 100 million active players and creators

Disney to invest $1.5 billion for an equity stake in Epic Games

BURBANK, Calif.--(BUSINESS WIRE)-- The Walt Disney Company and Epic Games will collaborate on an all-new games and entertainment universe that will further expand the reach of beloved Disney stories and experiences. Disney will also invest $1.5 billion to acquire an equity stake in Epic Games alongside the multiyear project. The transaction is... More

The Walt Disney Company Reports First Quarter Earnings for Fiscal 2024

February 7, 2024 4:05 PM EST

BURBANK, Calif.--(BUSINESS WIRE)-- The Walt Disney Company (NYSE: DIS) today reported earnings for its first quarter ended December 30, 2023.

Financial Results for the Quarter:

Revenues for the quarter were comparable to the prior-year quarter at $23.5 billion. Diluted earnings per share (EPS) for the quarter increased to $1.04 from $0.70 in the prior-year quarter. Excluding certain items(1), diluted EPS for the quarter increased to $1.22 from $0.99 in the prior-year quarter.

Key... More

ESPN, FOX and Warner Bros. Discovery Forming Joint Venture to Launch Streaming Sports Service in the U.S.

February 6, 2024 5:00 PM EST

Will Bring Together Sports Linear Networks and Direct-to-Consumer Service ESPN+ Offering to include NFL, NBA, WNBA, MLB, NHL, NASCAR, College Sports, UFC, PGA TOUR Golf, Grand Slam Tennis, the FIFA World Cup, Cycling and Much More The Service will be offered through a New Standalone App, Built from the Ground Up, for the Passionate Sports Fan

BURBANK, Calif. & BRISTOL, Conn.--(BUSINESS WIRE)-- ESPN, a subsidiary of The Walt Disney Company (NYSE: DIS), FOX (Nasdaq: FOXA, FOX) and Warner... More

Blackwells Capital Files Definitive Proxy Statement for Disney’s 2024 Annual Meeting and Releases Letter to Fellow Shareholders

February 6, 2024 8:15 AM EST

Shareholders Should Vote FOR Blackwells Nominees Jessica Schell, Craig Hatkoff and Leah Solivan on the GREEN Proxy Card

Shareholders Invited to Visit www.TheFutureOfDisney.com to Review Important Information About Blackwells Campaign

WITHHOLD Your Vote from Trian Nominees Peltz and Rasulo, Discard Any BLUE Trian Proxy Card You May... More