Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Disney shares drop as subscribers flock

Published

1 year ago

on

Disney shares have dropped off the back of the entertainment giant’s quarterly earnings report

Walt Disney shares have dropped despite the entertainment giant reducing its streaming losses by $400 million.

Shares of Disney fell 4.4 per cent in after-hours trading.

A price increase and reduced marketing expenses helped improve the performance of Disney’s streaming unit.

The division ended the quarter with a loss of $659 million, compared with $1.1 billion in the prior quarter.

At the same time, total subscribers on the Disney+ service dropped by 4 million.

Most of these came from the Disney+ offering in India after it lost streaming rights to Indian Premier League cricket matches.

Disney also shed 300,000 customers in the United States and Canada, after raising prices last December.

Related Topics:
Continue Reading

Money

Warner Brothers & Discovery considers splitting up to boost stock value

Published

1 week ago

on

July 19, 2024

By

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Continue Reading

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

1 week ago

on

July 18, 2024

By

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

Continue Reading

Money

Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

on

July 18, 2024

By

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

Continue Reading

Trending Now