Disney, a name synonymous with family entertainment, finds itself at a crossroads regarding its traditional television networks. The company’s internal analysis, recently revealed by Chief Financial Officer Hugh Johnston, suggests that the complexities involved make any potential separation of its TV business unlikely—at least in the near future. The operational challenges, as Johnston articulated during
Business
In a dramatic move that has sent ripples throughout the luxury goods industry, Capri Holdings and Tapestry Inc. have officially abandoned their planned merger. The decision to call off the $8.5 billion deal, initially announced in August 2023, came swiftly in the wake of a successful lawsuit by the Federal Trade Commission (FTC) which sought
The recent announcement by Liberty Media to spin off most of its assets into a new entity called Liberty Live marks a crucial juncture in the company’s history. CEO Greg Maffei’s decision to step down at the end of the year, paving the way for the iconic John Malone to assume the role of interim
In an increasingly competitive streaming landscape, Netflix has dynamically shifted its business strategy by introducing a cheaper, ad-supported subscription tier. Launched in November 2022, this initiative aimed to counteract a slowdown in its subscription growth. Fast forward two years, and the results are telling; the ad-supported tier has attracted an impressive 70 million global monthly
Boeing’s recent labor dispute came to an end after more than seven weeks, as over 32,000 machinists approved a new contract that promised significant pay raises. However, the transition back to full operational capacity is not as simple as the workers’ return. While machinists are required to report back to work imminently, the complexities of
In an era where the automotive industry is undergoing significant transformations—spurred by electric vehicle (EV) innovations and shifting consumer preferences—General Motors (GM) is emerging as a formidable competitor. As 2023 progresses, GM has successfully navigated the turbulent waters of market uncertainties, consistently exceeding Wall Street expectations. This article delves into GM’s current market performance, its
In a notable financial development within Major League Baseball, the Philadelphia Phillies have successfully attracted nearly $500 million in capital through investments from three new stakeholders. This transaction has propelled the team’s overall valuation—including its 25% interest in the regional sports powerhouse, NBC Sports Philadelphia—to an impressive $3 billion. Sources close to the matter have
The year 2023 has undoubtedly been a monumental one for Hollywood blockbusters, thanks in part to the massive success of films like “Barbie.” As the year progresses, anticipation is building for the upcoming release of Universal’s “Wicked,” which promises to paint the cinematic landscape with shades of green and shake up the holiday retail market.
The ongoing saga surrounding Diamond Sports Group, the leading owner of regional sports networks in the United States, has taken a significant turn as Major League Baseball (MLB) and the Atlanta Braves have registered strong objections to the company’s reorganization plan. Recently filed documents in bankruptcy court reveal that both MLB and the Braves harbor
On Thursday, Moderna Inc. surprised analysts and investors alike by reporting a net income of $13 million, roughly 3 cents per share, for the third quarter of the fiscal year. This gain starkly contrasts the staggering net loss of $3.63 billion, or $9.53 per share, faced in the same period last year. Such an impressive