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The Latest Breaking News from Bob Chapek

Disney+ Hits 164.2 Million Subscribers As It Plans For Price Hike

Media giant The Walt Disney Company reported fourth-quarter and full-year financial results after market closed on Tuesday

Zenger

Disney is still on track for streaming profitability—but a storybook ending isn’t guaranteed

The worsening economy and sky-high losses add to concerns about Disney’s ability to make money off streaming.

Fortune

Disney’s park earnings set a record, even after $65 million Ian loss

ORLANDO, Fla. — Disney’s theme parks division generated $7.4 billion in revenue last quarter, despite Hurricane Ian’s path near Disney World in late September costing the company $65 million, executives said Tuesday.

Orlando Sentinel

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Disney+ keeps growing fast. But streaming loses $1.5 billion

LOS ANGELES — Disney+ is still growing fast as the streaming service takes the Walt Disney Co. into the future of entertainment. But the effort to stay dominant in the age of Netflix is costing the Burbank giant in a big way.

Los Angeles Times

Disney Q4 Earnings Highlights: Revenue And EPS Miss, Disney+ Hits 164.2 Million Subscribers And More

Media giant The Walt Disney Company (NYSE: DIS) reported fourth-quarter and full-year financial results after market close Tuesday. Here are the key highlights.

Benzinga

Elon Musk & Philippine Billionaire Come Together For Satellite Internet Service In Southeast Asia, Disney May Track Your Theme Park Preferences, Struggling Credit Suisse Reveals Business Overhaul: Top Stories Thursday, Oct. 27

Benzinga

Disney’s ‘blue sky’ ideas keep fans guessing on parks’ plans

Sometime in the next decade, Disney World visitors could venture into Maleficent’s castle or sit down for a meal in the village of Santa Cecilia from Pixar’s 2017 film “Coco” — but Disney could also scrap plans long before the first guest sets foot inside.

Orlando Sentinel

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Disneyland plans Avengers Campus expansion with new E-ticket attraction

A first-of-its-kind Quinjet E-ticket attraction put on hold by pandemic-related financial constraints is back on track as the Disneyland resort announces plans for the second phase of the new Marvel-themed land.

The Orange County Register

Disney's ESPN, DraftKings And Others Get An Apple App Store Boost From NFL Opening Weekend

More than 121 million people viewed at least part of the NFL's opening weekend slate of games, but ratings weren't the only thing getting a boost when the 2022 season officially kicked off. Several mobile applications saw increased usage and download volume over the weekend. Here's what you need to know:

Benzinga

ESPN Sports-Betting App Coming Soon? Joe Terranova Buys Disney Stock After CEO Identifies New 'Growth Engine'

After Walt Disney Co (NYSE: DIS) CEO Bob Chapek swatted investor calls for an ESPN spinoff over the weekend and noted that plans are in place for the future of the sports network, one investor jumped in and bought shares of the media giant.

Benzinga

Who Wins The Streaming War? Netflix Will 'Thrive' But Others Won't Make It, Disney Vet Says

Bob Iger led The Walt Disney Company (NYSE: DIS) from 2005 to 2020 as CEO. During his 15 years at the helm, he oversaw the company through several large acquisitions (Pixar, Marvel, Lucasfilm, 21st Century Fox) and also orchestrated the launch of the Disney+ streaming platform.

Benzinga

The Disney myth will be on display at D23 Expo. Here's why we want to believe it

LOS ANGELES — By now, most everyone is aware that there are two distinct Walt Disney Co.'s.

Los Angeles Times

5 Things This Disney Activist Investor Wants: ESPN Spinoff, Hulu Buyout And 'Preserve This Policy'

Activist investor Dan Loeb issued a letter to The Walt Disney Company (NYSE: DIS) CEO Bob Chapek and the company’s Board of Directors Monday.

Benzinga

Disney CEO Addresses ESPN’s Potential Loss of Big Ten Games

The conference is in negotiations with CBS, Fox and NBC for a new media rights deal after discussions with the network ceased.

Sports Illustrated

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Benzinga

Disney To Serve 'Koffee With Karan' And 'She-Hulk' Among 'Steady Flow' Of Streaming Content, CEO Says

Walt Disney Co. (NYSE: DIS) CEO Bob Chapek is touting a “steady flow” of key releases in the fourth quarter. Some of the studio's movies and shows currently on deck include “She-Hulk" and “Hocus Pocus 2.”

Asharq Al-Awsat

Disney+ Subscribers Surge as Netflix Stumbles

The Disney+ streaming service saw its number of paying subscribers leap beyond expectations in the last quarter, as rival Netflix's client count ebbed, results showed Wednesday. The number of people subscribing to Disney+ topped 152 million, up some 31 percent from the same period a year earlier, the entertainment giant…

Orlando Sentinel

Visitor spending fuels soaring revenues at Disney theme parks

Visitor spending is up at Disney’s U.S. theme parks as average daily attendance has been only slightly below pre-pandemic levels of 2019 so far this fiscal year, Disney executives said Wednesday.

The Independent UK

Disney+ ad-free subscription cost to rise by 38% in December

Disney said it is raising prices for streaming subscribers in the U_S_ who want to watch Disney+ without ads as more viewers switch to what CEO Bob Chapek described Wednesday as the “best value in streaming.”

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Los Angeles Times

Disney+ subscribers are going to have to pay more to avoid commercials

Disney+ subscribers will start seeing ads on the popular streaming service in December. That is, unless they opt to pay more.

Benzinga

Disney Q3 Earnings Highlights: Revenue And EPS Beat, 152.1 Million Disney+ Subscribers And More

Media giant The Walt Disney Company (NYSE: DIS) reported third-quarter financial results after the market close Wednesday. Here’s a look at how the company’s parks segment and direct-to-consumer segment performed.

Financial Times

A whole new world? Disney after ‘Don’t Say Gay’

The entertainment giant’s bungled response to a controversial Florida bill has raised difficult questions for its LGBT+ fans

Benzinga

Jim Cramer Says He's Betting 'The Paycheck On Chapek' And Disney Stock: So How Much Does The 'Mad Money' Host Actually Make?

It's no secret that Jim Cramer is bullish on Walt Disney Co (NYSE: DIS).

Benzinga

Disney Gains More Streaming Subscribers From Hulu Than Disney+: What You Need To Know

The Walt Disney Co.’s (NYSE: DIS) fastest-growing U.S. streaming service is not the eponymous jewel in its digital crown, but an asset it picked up as part of an acquisition three years ago.

Reason

Taxpayers Pay the Price for DeSantis' War on Disney

Florida's governor has declared a regulatory war on one of the state's biggest employers. But it's the taxpayers who may ultimately pay the price.

Benzinga

KeyBanc Endorses Pinterest, Disney's CEO Transition - Key Takeaways

KeyBanc hailed the CEO successions in two significant companies citing different reasons.

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