Octubre 22, 2019

Disney Buys BAMTech To Launch ESPN-Branded And Disney-Branded Streaming Services

09 Agosto 2017, 06:48 | Fidele Alvizo

Disney Buys BAMTech To Launch ESPN-Branded And Disney-Branded Streaming Services

Disney Buys BAMTech To Launch ESPN-Branded And Disney-Branded Streaming Services

Disney also announced that it would end its agreement to release new movies for streaming on Netflix, starting with 2019 titles.

ESPN will be a focus again when Disney reports earnings Tuesday afternoon for its fiscal third quarter, which is a traditionally weak period for the media industry due to seasonal impacts.

The start dates are for the U.S., but Mr Iger said Disney expects to pursue similar moves in other markets around the world.

Iger told CNBC that Disney had chose to exercise a clause in its contract with Netflix that will see its output removed from the streaming service. Over the past 2 quarters, The Walt Disney Company (NYSE:DIS) is down -2.94%, compared with a fall of almost -4.55% for 3 months and about 2.93% for the past 30 days. The former will kick things off with Disney's 2019 slate of films, which includes Toy Story 4, the sequel to Frozen, and the live-action The Lion King, along with other movies and TV shows. It's bad news for all of our wallets, but great news for major companies who are sick of Netflix having all the fun. In 2012, the streaming service and entertainment company secured a streaming deal with Disney, but the deal only went into effect in 2016. Disney already owns a stake in the company, but will throw another $1.58 billion its way to land an additional 42 percent, T.H.R. notes. Originally launched in 2000, the MLB's interactive media and Internet company was created to run the league's team websites. The service was started by Major League Baseball, which remains a minority owner along with the National Hockey League. In the same quarter of previous year, Disney announced a $1 billion stake in the streaming service.

These moves into digital distribution and online technology will give Disney more flexibility and increased control over its own future, Iger said.

BMO Capital Markets has a Sell rating with a $95 price target. "It is high time we got in the business, particularly with the technology available to us, to accomplish that".

The Walt Disney Company (NYSE:DIS) stock shows moves down of -1.46% and traded at a price of $107.53 in preceding trading session.

Disney is struggling to increase its revenues, as ratings and cable subscriptions fall and it looks for box office hits that can beat its success a year ago. The company had revenue of $13.34 billion for the quarter, compared to the consensus estimate of $13.44 billion. Estimize contributors on average expect revenue to come in at $14.54 billion.

Several other hedge funds have also modified their holdings of DIS. Norges Bank bought a new position in Walt Disney Company (The) during the fourth quarter worth approximately $1,507,183,000.

Parks and Resorts revenues for the quarter jumped 12% to $4.9 billion, and segment operating income in that unit surged 18% to $1.168 billion. For now, DIS is the toast of Wall Street as its ABR stands at 2.40 with 6 out of 31 analysts rating the stock a buy.

Otras noticias

Tendencias Ahora

Obama urges Kenyan government to respect election result
Kenyatta, 52, is the son of Kenya's first president, Jomo Kenyatta, and a longtime participant in the country's political life. But with elections dictated largely by tribal alliances, Kenyatta might still have the votes he needs to win.

Coach Bayliss warns win will not paper over England cracks
The only real resistance came from Hashim Amla (83) and skipper Faf du Plessis (61), who put on a 123-run fourth-wicket partnership.

Microsoft video confirms Spotify is coming to Xbox One
Further, according to the Verge , Microsoft is testing the Spotify App internally and will "be available soon". Currently, the oversized Xbox controller is scheduled to arrive with a holiday 2017 release date.

Meeting with Tillerson leaves Lavrov feeling U.S. willing to continue dialogue
Heightened tension is also tied to a USA investigation into links between members of Trump's campaign team and Russian officials. Earlier, Trump had signed a bill overwhelmingly approved by the Congress that imposed new sanctions on Russian Federation.

Glen Campbell, Rhinestone Cowboy singer and country music icon, dies aged 81
Campbell: " Alzheimer's? What's Alz..." His trajectory soared until he revealed that he'd been diagnosed with Alzheimer's in 2011. Nashville is filled with singers struggling to make it in a bruising industry - and with songs celebrating those dreamers.

Samsung's Galaxy S8 Active Arrives Exclusively at AT&T This Week
The Galaxy S8 Active seems to be the rugged version of Galaxy S7 Edge but has a bigger battery and it is more durable. As we mentioned previously, there is a USB Type-C port on both devices, along with a 3.5mm headphone jack.

Jon Jones Calls Stipe Miocic Bout 'Not A Real Super Fight'
During the Live Audio Wrestling podcast, Dave Meltzer stated that there is interest for the fight to occur from both parties. And then I wound up doing it to someone I care a great deal about.

Here's what Trump was up to Monday at his Bedminster golf course
At a similar point in his presidency, Obama had spent about three weeks away from the White House , much of that at Camp David . During the conversation with Trump, a guest jokes they've been cleared by security and are willing to be strip searched.

How to find eclipse glasses and avoid fakes
However, the eclipse will make it easy to spot Mercury, a planet that can be tricky to spot due to its close proximity to the sun. If you haven't heard about the total solar eclipse coming to America this summer - then perhaps you've been in the dark.

Late-Night Hosts Take Big Swings at Trump's 17-Day Golf Vacation
In fact, he plans on going back to NY next week for some very - I repeat - very , important and presidential meetings. Only a quarter of all voters say they believe the information coming out of the White House.