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YouTube dominates streaming, forcing media companies to decide whether it's friend or foe
CNBC· 2024-06-26 10:31
In this articleGOOGLNFLXWBDDISwatch nowIt's been almost 20 years since the founding of Alphabet's YouTube, and Hollywood still doesn't really know what to do with it.YouTube, which effectively invented user-generated content, claims a daunting share of overall media consumption. And it's no longer just dominating the internet, it's dominating the living room, too.YouTube made up 9.7% of all viewership on connected and traditional TVs in the U.S. in May — the largest share of TV for a streaming platform ever ...
Disney Fails Again To Get Antitrust Class Action Over ESPN & Hulu Ownership Tossed Out
Deadline· 2024-06-26 01:23
Disney’s efforts to have an antitrust class action from streaming subscribers dismissed has been denied one more time, but the company will now not be on the hook for any cash. “The Court once again finds Plaintiffs’ allegations sufficient to plead Disney’s market power in a well-defined SLPTV market in the United States,” wrote U.S. District Judge Edward J. Davila today in a complex and mixed bag ruling for the Mouse House (read the order here). Back in November 2022, YouTube subscribers in a quartet of s ...
Disney Continues To Have The Largest Audience Of Any Media Company
Forbes· 2024-06-25 17:11
Among media companies Disney, benefitting from ABC, ESPN, FX, Disney+, Hulu and other properties, ... [+] continues to attract more viewers than their competitors. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesEarlier today Nielsen released its second monthly Media Distributor Gauge Report covering May. This new report offers cross-platform measurement of total TV consumption aggregated by parent media companies. The report combines vi ...
1 Spectacular Growth Stock Down 49% to Buy Now and Hold Forever
The Motley Fool· 2024-06-25 10:18
Parkev Tatevosian, CFA has positions in Walt Disney. The Motley Fool has positions in and recommends Walt Disney. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...
Disney Faces Pushback In $300M Pay Equity Class Action Over Allegedly “Inappropriately” Withholding Documents
Deadline· 2024-06-24 19:29
A virtual hearing set this morning in LA Superior Court could result in a black eye for the Walt Disney Company and its five-year battle against what is now a sprawling pay equity class action suit. Less than a year before an estimated trial start, Monday’s recently began session finds lawyers for Disney Studios staffers LaRonda Rasmussen and Karen Moore facing off with Mouse House attorneys from Paul Hastings LLP over accusations that once again the Bob Iger-led company has been refusing to hand over requ ...
Disney's 'Inside Out 2' could be the first billion-dollar movie of 2024
CNBC· 2024-06-24 18:54
In Disney and Pixar's "Inside Out 2," Riley's Sense of Self is made up of all of her beliefs, each of which can be heard with the pluck of a string. Sadness (voice of Phyllis Smith) and Joy (voice of Amy Poehler) deliver key memories to this formative land.Disney and Pixar's "Inside Out 2" could be the first film since Warner Bros.' "Barbie" to top $1 billion at the global box office.The animated feature has tallied $724.4 million worldwide as of Sunday, making it the highest-grossing film of 2024. Warner B ...
Stocks and ETFs to Benefit from "Inside Out 2" Success
ZACKS· 2024-06-24 18:31
The record-breaking performance of "Inside Out 2" – a 2024 American animated film produced by Pixar Animation Studios for Walt Disney (DIS) Pictures – not only reaffirms the appeal of animated blockbusters on but also invigorates investor confidence in the entertainment sector.According to studio estimates on Sunday, the movie hauled in $100 million in ticket sales in its second weekend, setting a new record for an animated film in its follow-up run in theaters, as quoted on AP. In just a week and a half, “ ...
Disney's (DIS) Inside Out 2 Crosses $500 Million in 8 Days
ZACKS· 2024-06-24 15:00
Disney (DIS) has returned 13.3% in the year-to-date period, outperforming the Zacks Media Conglomerates industry’s growth of 8.4%.Disney’s solid content portfolio and brands, including Pixar, Marvel, Star Wars and National Geographic, are driving its theater and streaming business. The company is also expanding streaming service offerings through its platforms like Disney+, ESPN+, Hulu, Disney+ Hotstar and Star+, garnering investors’ confidence in its business.Adding to these merits, the company also gained ...
As Streaming Business Approaches Profitability, Can Disney Stock Double To $200?
Forbes· 2024-06-24 10:00
ORLANDO, FL - MAY 31: Lasers light up the sky above Cinderella's Castle during the daily Happily ... [+] Ever After light and fireworks show at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. (Photo by Gary Hershorn/Getty Images)Getty ImagesDisney stock currently trades at $102 per share, about 50% below its pre-inflation shock high of about $202 seen on March 8, 2021. The sell-off has been driven by several factors. Disney’s streaming business has been witnessing slowing s ...
If You'd Invested $1,000 in Disney Stock 20 Years Ago, Here's How Much You'd Have Today
The Motley Fool· 2024-06-22 11:00
You might be surprised to see the result.Walt Disney (DIS 0.42%) is the premier global entertainment company, with unparalleled theme parks and an unmatched creative presence. It's been a blue chip stock for ages and is a component of the Dow Jones Industrial Average. But has it been a great stock to own over the past 20 years? Let's see.Disney is a cultural phenomenonDisney has created an incredible number of cultural icons over its 100-year history. It's typically responsible for a high number of highest- ...