Disney and Warner Bros. Discovery announced a new bundle service. The new bundle will include Disney+, Hulu, and Max. The streaming bundle will become available to viewers this summer.  Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy ...

Disney’s streaming service is making another move. After previously merging Disney+ with Hulu — giving its users full access to both streaming services under one app — on Wednesday, Disney Entertainment and Warner Bros. Discovery announced a new streaming bundle. The new bundle, which starts this summer, will include Disney+, Hulu and Max."On the heels of the very successful launch of Hulu on Disney+, this new bundle with Max will offer subscribers even more choice and value," said Joe Earley, President, Di ...

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. ...

M N 8 May 2024 CMB International Global Markets | Equity Research | Company Update Walt Disney Co (DIS US) Looking beyond 3Q OI volatility Target Price US$142.00 Disney delivered solid 2QFY24 results, with inline revenue (+1.2% YoY) (Previous TP US$142.00) and upbeat profit (+30% YoY, beating consensus by 8%). The upbeat Up/Downside 34.7% margin was mainly attributable to DTC’s breakeven (ahead of guidance). Current Price US$105.39 Mgmt also raised its FY24E EPS growth target to 25% YoY (vs. prior at least ...

Walt Disney and Warner Bros. Discovery will offer a bundle of the Disney+, Hulu and Max streaming services in the US starting this summer, the companies said in a statement on Wednesday.Customers will be able to sign up on any of the three individual websites and chose from an ad-free or ad-supported plan. No prices were disclosed.Both Disney and Warner Bros are trying to build their streaming businesses as customers ditch traditional cable packages, in part because many of them rejected having to pay for a ...

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In this photo illustration the Disney+ logo seen displayed on a smartphone screen.The bundle is back.Disney and Warner Bros. Discovery are planning to offer their streaming services — Disney+, Hulu and Max — in a bundle mirroring the traditional cable TV package, the companies said Wednesday. The latest iteration of the bundle will be offered on both the ad-supported and commercial-free tiers. Pricing has yet to be disclosed.This is breaking news. Please check back for updates. ...

Disney and Warner Bros. Discovery are breaking ground in streaming with a bundled offering featuring Disney+, Hulu and Max in a single package. The companies are aiming to launch the bundle this summer. The exact launch date and the price point have not yet been announced, but plans call for both ad-free and ad-supported versions to be available. The move is the first cross-company partnership for any of the top-tier services to come to market as the race to catch up with Netflix began in earnest about fiv ...

Core Insights - The Walt Disney Company reported second-quarter fiscal 2024 adjusted earnings of $1.21 per share, exceeding the Zacks Consensus Estimate by 8.04% and reflecting a year-over-year increase of 30.1% [1] - Revenues for the quarter rose 1.2% year over year to $22.08 billion, but fell short of the consensus estimate by 0.23% [1] - Disney's shares have increased by 16.7% year to date, contrasting with a 2.8% decline in the Zacks Consumer Discretionary sector [1] Segment Details - Media and Entertainment Distribution revenues, accounting for 44.4% of total revenues, decreased by 5% year over year to $9.79 billion [2] - Linear Networks revenues declined by 7.8% year over year to $2.76 billion, while Direct-to-Consumer revenues increased by 13.2% year over year to $5.64 billion [2] - Parks, Experiences and Products revenues, making up 38% of total revenues, increased by 9.8% year over year to $8.39 billion, with domestic revenues at $5.95 billion (up 6.9%) and international revenues at $1.52 billion (up 28.5%) [2] - Consumer Products revenues rose by 2.6% year over year to $913 million [2] Subscriber Details - As of March 31, 2024, Disney+ had 117.6 million paid subscribers, up from 111.3 million as of December 31, 2023 [3] - Domestic Disney+ average monthly revenue per paid subscriber decreased from $8.15 to $8, while international average monthly revenue per paid subscriber increased from $5.91 to $6.66 [3] - Hulu ended the quarter with 50.2 million paid subscribers, an increase from 49.7 million in the previous quarter [3] Operating Details - Total costs and expenses decreased by 1.7% year over year to $19.2 billion [5] - Segmental operating income was $3.84 billion, up 17% year over year, with Media and Entertainment Distribution's operating income surging by 71.6% to $781 million [6] - Parks, Experiences and Products' operating income increased by 12.3% year over year to $2.28 billion [7] Balance Sheet - As of March 31, 2024, cash and cash equivalents were $6.635 billion, down from $7.19 billion as of December 31, 2023 [10] - Total borrowings decreased to $39.51 billion from $47.68 billion over the same period [10] - Free cash flow for the quarter was $2.407 billion, compared to $886 million in the previous quarter [10] Guidance - The company does not expect core subscriber growth at Disney+ in the fiscal third quarter but anticipates improvements in the fiscal fourth quarter [11] - Disney forecasts a loss for Entertainment DTC in the third quarter, while expecting modestly positive operating income from the Entertainment Linear Networks business [12] - The company aims to meet or exceed a $7.5 billion annualized savings target by the end of fiscal 2024 and expects full-year fiscal 2024 earnings per share to increase by at least 25% from fiscal 2023 [12]

Group 1: Earnings Reports - Uber reported a miss in their earnings, surprising analysts who had expected a profit, leading to a 7% decline in premarket shares [2] - Reddit reported strong first quarter earnings, beating revenue expectations and showing a better-than-expected loss per share, resulting in a 14% increase in after-hours trading [2] - Lyft also reported earnings that beat revenue expectations but missed on earnings, with shares trading up by 6% in post-market [2] - Disney's earnings disappointed investors, causing a 9.5% drop in stock price, yet broad indices remained largely unaffected [2] - Shopify shares fell by 17% after a miss on gross margins [2] Group 2: Market Overview - The S&P 500 gained 0.13% while the Nasdaq Composite fell 0.10%, indicating little change in stocks after solid gains earlier in the week [1] - Earnings for the quarter are on pace to be up over 5%, with second quarter earnings expectations revised upward from 9% growth to just under 10% [5] - The market is currently in a breather phase, with expectations for economic data and earnings to pick up next week [5] Group 3: Economic Indicators - Bonds have been rallying, with yields on the 10-year note ending at 4.45%, influenced by last week's weaker-than-expected jobs report and hopes for interest rate cuts [3] - Upcoming Producer Price Index (PPI) and Consumer Price Index (CPI) reports are anticipated to shape expectations for Federal Reserve actions [3] Group 4: Trade Issues - The Biden Administration revoked licenses from Intel and Qualcomm, affecting their ability to sell semiconductors to Huawei, which could impact the tech sector [4] - Ongoing trade tensions with China are highlighted as a significant concern for market stability [4]