The owner of more than 60 local TV stations that saw its stock hammered after this week’s stunning news of a joint venture to create a sports bundle slammed Wall Street investors for overreacting.EW Scripps CEO Adam Symson, who saw the company’s stock sink more than 27% after Fox, Disney and Warner Bros Discovery announced the standalone service Wednesday, played down the impact it will have on local affiliates.“Affiliates are going to be compensated for being carried along,” Symson told CNBC.“It’s not the ...

Disney is beta testing a new advertising tool for its streaming services that matches commercials with appropriate scenes in movies or shows.Dubbed “magic words,” this tool uses artificial intelligence and machine learning to analyze and tag scenes within Disney’s library of movies and television series, Reuters reported Friday (Feb. 9).By analyzing and tagging scenes, Disney’s magic words tool identifies the contents, brands, images and mood within each scene, according to the report. This information is t ...

Disney is looking to capitalize on the love that younger generations have for video games with its newly-announced Epic Games deal. The entertainment giant has found millennials, Generation Z and Generation Alpha tend to spend a "significant amount" of their screen time on playing video games, CEO Bob Iger said on Wednesday evening’s earnings call. That trend, he said, made him conclude Disney has "to be there as soon as we possibly can in a very compelling way" and ultimately closed the deal with the video ...

Disney's (DIS 11.50%) stock is up 11.5% following earnings, and it wasn't just impressive quarterly results. Bob Iger laid out a path for the streaming business to get to profitability and for how ESPN will go "over the top."In this video, Travis Hoium covers the most important numbers and shares why he's so excited about Disney stock.*Stock prices used were end-of-day prices of Feb. 7, 2024. The video was published on Feb. 8, 2024. ...

SHANGHAI, CHINA - Walt Disney Company's CEO Bob Iger at the grand opening of Shanghai Disney ... [+] Resort's Zootopia-themed land in December, 2023. In the Disney games universe, it will be one of many iconic brands whose lands are connected - by Disney! (Photo by VCG/VCG via Getty Images)VCG via Getty ImagesDisney invests $1.5B in Epic Games to build the Disney gaming and entertainment universe. Epic is behind the Unreal Engine and Fortnite. The new Disney gaming universe, built by Epic, will be an open g ...

A new streaming giant that will combine the sports assets of Fox, Disney’s ESPN and Warner Bros Discovery is poised to reshuffle the TV industry – and experts say the big loser will likely be the cable business.The yet-to-be named standalone service, slated to launch this fall, will account for roughly 55% of the sports rights in the US, according to a Citigroup analyst. It won’t stream NBC’s “Sunday Night Football” or NFL games airing on CBS, which this year will broadcast the Super Bowl.Nevertheless, exp ...

Local TV station owners including Sinclair, TEGNA and EW Scripps all saw their valuations plummet this week after Disney, Warner Bros. Discovery and Fox announced a new sports joint venture set to launch this fall.Sinclair dropped 12% Wednesday, TEGNA fell 7.2% and Scripps plummeted 24% as investors weighed the meaning of a new, skinnier cable bundle of sports networks that will include ESPN, TNT and Fox but will leave out CBS and NBC. Sinclair bounced back by rising 7% Thursday, but TEGNA and Scripps were ...

Key TakeawaysDisney shares jumped more than 12% in intraday trading Thursday after an earnings beat as well as a slew of announcements with a focus on digital content.The market reaction could point to rising confidence in CEO Bob Iger's turnaround plan and streaming strategy, in the face of pressure from activist investors.The entertainment giant said it's pushing deeper into gaming with an investment in Fortnite maker Epic Games and adding new content, including Taylor Swift's Eras Tour concert film, to i ...

ToplineDisney CEO Bob Iger has said the company will slow down the high-speed production of original series and movies for Disney+ after a spate of new releases on the steamer were met with mixed reviews from audiences, instead vowing to focus on sequels and existing franchises in the near future.Oscar Isaac as Moon Knight in Marvel Studios' "Moon Knight." MOON KNIGHT. Photo courtesy of Marvel ... [+] Studios. ©Marvel Studios 2022. All Rights Reserved.©Marvel Studios 2022 Key FactsIn an earnings call Wednes ...

ToplineDisney shares staged one of their strongest single-day rallies this millennium Thursday on the back of the company’s blowout earnings report, though the entertainment titan still has a ways to go to recapture its former glory on the stock market.Disney CEO Bob Iger appears at Disney's Shanghai resort in December.Getty Images Key FactsDisney’s stock ballooned almost 13% to just shy of $112 by mid-afternoon, hitting its highest intraday level since Feb. 9, 2023. Should the gains hold, Thursday will be ...