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FuboTV sues to block ESPN, Warner, Fox sports-streaming venture
Market Watch· 2024-02-20 20:38
FuboTV filed a lawsuit Tuesday to block a new sports-streaming joint venture scheduled to premiere this fall, claiming the ESPN-Warner Bros. Discovery-Fox juggernaut would squeeze Fubo’s ability to carry a skinny bundle of sports-focused channels that the venture plans to include.The lawsuit, filed in the U.S. District Court for the Southern District of New York, seeks a jury trial and punitive damages against the service from Walt Disney Co.’s DIS, -1.73% ESPN, Fox Corp. FOX, -1.18% and Warner Bros. Discov ...
FuboTV sues Disney, Fox, Warner Bros. over sports joint venture
CNBC· 2024-02-20 20:25
FuboTV is suing Disney, Fox and Warner Bros. Discovery over their recently announced sports streaming joint venture, citing what the company calls "extreme suppression of competition in the U.S. sports-focused streaming market," according to a copy of the lawsuit obtained by CNBC. The joint venture, announced earlier this month, aims to offer viewers a new way to access marquee live sports. It's slated to roll out this fall, but several questions remain around its pricing and structure. "These horizontal co ...
Black ABC News staffers confronted Disney boss Bob Iger about ‘unfair treatment' of Kim Godwin: report
New York Post· 2024-02-20 17:55
Disney CEO Bob Iger got an earful from African-American staffers at ABC News over the parent company showing a lack of support for embattled division chief Kim Godwin, according to a report.During a lunch last February, Iger sought to reassure the black staffers that he and Disney Entertainment co-chair Dana Walden were “invested in her success,” The Wall Street Journal reported over the weekend, citing people familiar with the matter.Godwin — who was the first black person to run a network news division wh ...
Disney Channel Actress Bridgit Mendler Launching Space Data Startup
Forbes· 2024-02-19 18:27
ToplineBridgit Mendler, an actress and singer best known for her roles in Disney Channel’s “Good Luck Charlie” and “Lemonade Mouth,” is adding a CEO title to her resume with her satellite data startup Northwood Space.Bridgit Mendler rose to fame with roles on Disney Channel. (Photo by Jamie McCarthy/Getty Images ... [+] for Save The Children)getty Key FactsMendler will serve as CEO of Northwood Space, which plans to produce ground stations, or antennas on the Earth that connect and send information to satel ...
Disney star turned space CEO: Bridgit Mendler launches satellite data startup backed by major VCs
CNBC· 2024-02-19 14:00
Actress and singer Bridgit Mendler attends NBCUniversal's after party for the 72nd annual Golden Globes Awards at The Beverly Hilton hotel in Beverly Hills, California, on Jan. 11, 2015.Bridgit Mendler is no stranger to reaching millions of people — now she wants to change how satellite data reaches the ground.A former Disney Channel star and singer — with a filmography including "Good Luck Charlie," "Wizards of Waverly Place" and "The Clique" — Mendler has spent the past several years studying at the Massa ...
Disney-Fox-Warner mega sports streamer faces antitrust probe
Proactive Investors· 2024-02-16 12:57
A major sports streaming collaboration between Walt Disney Co (NYSE:DIS, ETR:WDP)’s ESPN, Fox Corp (NASDAQ:FOXA) and Warner Bros Discovery Inc (NASDAQ:WBD, ETR:J5A) will be interrogated under US antitrust regulations, according to reports. Quoting “two people familiar with the matter”, Bloomberg reported that the Department of Justice is concerned that the joint venture could harm consumers, media rivals and even sports leagues. They said the regulators will consider the proposals once the final terms are p ...
Disney stock hits 1-year high; What's next for DIS?
Finbold· 2024-02-16 11:41
Following a dramatic year, during which Walt Disney Co (NYSE: DIS) witnessed ups and downs ranging from massive subscriber losses, actors and writers’ strikes, and cuts that made its streaming business more profitable, the company’s stock has recently made a massively bullish upturn.As it happens, DIS shares first skyrocketed on February 8 after its CEO Bob Iger announced a $1.5 billion stake in Fortnite creator Epic Games, the launch of an ESPN streaming service in 2025, Taylor Swift’s Eras Tour movie on D ...
Disney, Fox, Warner Bros' sports streaming deal facing DOJ probe: report
New York Post· 2024-02-15 20:20
The Department of Justice is planning to scrutinize Walt Disney, Fox and Warner Bros Discovery’s planned sports streaming platform over concerns that it could harm consumers, sports leagues and rivals, Bloomberg Law reported on Thursday.The regulators will examine the terms of the deal when it is finalized, the report added, citing two people familiar with the matter.Earlier this month, the three media giants said they will launch a joint venture to start a sports streaming service this autumn to capture yo ...
Disney's New Magic: Cutting Costs
The Motley Fool· 2024-02-15 19:49
In this podcast, Motley Fool contributor Rick Munarriz and host Deidre Woollard discuss:Disney's ability to cut costs.How Disney plans to extend its IP into gaming.ESPN's power moves.Deidre and Motley Fool analyst Kirsten Guerra explore the complicated logistics that drive 1-800-Flowers.To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video. This video ...
Here Are All the Ways Disney Makes Its Money
The Motley Fool· 2024-02-15 19:00
Disney (DIS 0.30%) is the largest entertainment company in the world with an unmatched content library, 12 destination theme parks, and a plethora of subsidiaries. All of its parts work together to create the signature Disney magic.Depending on how you consume entertainment, you might think of Disney as a filmmaker, streamer, sports content provider, or parks operator. But do you know which of these bring in the most revenue for Disney?The Disney magic machineYou may feel like singing or tearing up when eng ...