Walt Disney Co is in focus today after announcing plans of merging its Indian business with Reliance Industries.The merger puts together Star India and Viacom18 to create an entertainment giant valued at about $8.5 billion. Reliance will invest $1.4 billion in the combined entity and, along with affiliates, will have a more than 63% stake in it. The two companies said in a joint statement today:The JV will be one of the leading TV and digital streaming platforms for entertainment and sports content in India ...

Entertainment titan Walt Disney and Indian conglomerate Reliance will merge their Indian businesses, the U.S. entertainment giant announced Wednesday.The companies will be combining their respective Star India and Viacom18 units into the newly-created Star India joint venture, valued at  roughly $ 8.5 billion on a post-money basis, excluding synergies.This is a breaking news story, please check back later for more. ...

MUMBAI, India & BURBANK, Calif.--(BUSINESS WIRE)--Reliance Industries Limited (“RIL”), Viacom 18 Media Private Limited (“Viacom18”) and The Walt Disney Company (NYSE: DIS) (“Disney”) today announced the signing of binding definitive agreements to form a joint venture (“JV”) that will combine the businesses of Viacom18 and Star India. As part of the transaction, the media undertaking of Viacom18 will be merged into Star India Private Limited (“SIPL”) through a court-approved scheme of arrangement. In addi ...

Florida Gov. Ron DeSantis is taking a victory lap amid his ongoing public feud with Disney and taunting the company's litigation efforts."I think it's been a success story. I don't view it as a fight at this point because I think that they've lost on the underlying claims," DeSantis told CNBC's Last Call on Tuesday.A year ago, the Republican governor signed a bill to nullify Disney's special district. The former Reedy Creek Improvement District, established in 1967, gave the company full regulatory control ...

Walt Disney (DIS -0.06%) stock has surged recently following a positive earnings report in early February that showed improving profitability in the company's parks and streaming businesses.But even after a sharp rise that brought the stock back above $100 for the first time in almost a year, Tigress Financial analyst Ivan Feinseth sees the stock heading to $136, representing 26% upside from the current share price of $108.Feinseth is 61% accurate on previous calls, according to TipRanks, so the analyst's b ...

Excerpt from its Upcoming Investor Presentation Available at www.TheFutureOfDisney.com Blackwells' CIO Releases Video Discussing Key Aspects of its Campaign Available At www.TheFutureOfDisney.com and on YouTube Shareholders Should Vote FOR Blackwells' Nominees Jessica Schell, Craig Hatkoff and Leah Solivan on the GREEN Proxy Card NEW YORK, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital, LLC ("Blackwells"), a shareholder of The Walt Disney Company ("Disney" or the "Company") (NYSE:DIS), today released ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

【迪士尼与信实将合并双方在印度的媒体业务】财联社2月25日电，据知情人士透露，华特-迪士尼公司(Walt Disney Co.)和信实工业公司(Reliance Industries Ltd.)签署了一项具有约束力的协议，将合并双方在印度的媒体业务。迪士尼在印度面临激烈的竞争，因此重新制定自己的战略显得势在必行。亿万富翁穆克什•安巴尼(Mukesh Ambani)控制的信实传媒(Reliance media)及其附属公司预计将在合并后的实体中持有至少61%的股份，迪士尼将持有其余股份。 ...

Disney (DIS 0.09%) has been a disappointing stock for investors for years. Over the past five years, shares of the entertainment company are down 1.7% while the S&P 500's total return is 96%.The struggles of Disney's films have gotten the most attention, but the real reason the company has underperformed is cable TV.Millions of consumers have cut cable, which lowers the fees Disney charges for channels like ESPN, the Disney Channel, FX, and more. This has been the source of growth and profits for decades, a ...

Walt Disney Company (DIS -0.03%) stock is off to a terrific start in 2024, gaining 19%. That's the good news. The bad news is Disney stock did significantly worse last year, and has underperformed the S&P 500 by more than 17% over the past 52 weeks.Can returning champion CEO Bob Iger pull Disney stock out of its funk, and get the stock price moving higher again? Bernstein thinks it can. In a note covered on StreetInsider Tuesday, the NYC investment banker reiterated its "outperform" rating on Disney stock a ...