Nelson Peltz, founder and chief executive officer of Trian Fund Management, during the Future Investment Initiative (FII) Institute Priority Summit in Miami, Florida, US, on Thursday, March 30, 2023.Are you not entertained, Nelson Peltz?Disney shares jumped 6% in after-market trading Wednesday after the company posted earnings and flooded the zone with new announcements meant not only to excite its employees and shareholders, but also to put activist investor Nelson Peltz in his place.Peltz has launched a p ...

Walt Disney (DIS) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.99 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 25.77%. A quarter ago, it was expected that this entertainment company would post earnings of $0.67 per share when it actually produced earnings of $0.82, delivering a surprise of 22.39%.Over the last four quarters, the ...

Walt Disney handily beat Wall Street's earnings expectations on Wednesday, lifted by record results at its theme parks and continued cost-cutting efforts, as it announced an investment in Fortnite-maker Epic Games. Even before the company's investor call, CEO Bob Iger announced in a CNBC interview that the company would take a $1.5 billion stake in Epic and work with the company to create a "huge Disney universe.""This marks Disney’s biggest entry ever into the world of games and offers significant opportun ...

ToplineDisney’s stock spiked as much as 8% in after-hours trading Wednesday after the conglomerate reported earnings, raising its guidance and telling investors it’s on track to meet or exceed its $7.5 billion cost-cutting goal by the end of the fiscal year.Disney reported its latest earnings Wednesday. (Photo by Patrick T. FALLON / AFP) (Photo by PATRICK ... [+] T. FALLON/AFP via Getty Images)AFP via Getty Images Key FactsDisney expects earnings per share of about $4.60 for fiscal year 2024, a figure that ...

Key TakeawaysDisney shares surged after the entertainment giant reported better-than-expected results for its fiscal first quarter of 2024.Disney also said it's investing $1.5 billion in Fortnite maker Epic Games, in Disney's biggest push into video games yet.Disney and Epic Games will work together to create a gaming "universe" that is interconnected to the popular online game.Disney (DIS) shares surged over 6% in after-hours trading Wednesday after the entertainment giant reported better-than-expected res ...

Group 1: Disney's Strategic Moves - Disney has announced a $1.5 billion partnership with Epic Games to enter the video game market, aiming to create a "games and entertainment universe" for its franchises like Pixar, Marvel, and Star Wars [1][2] - Bob Iger, Disney's CEO, stated that this deal represents the company's "biggest entry ever into the world of games," highlighting significant growth opportunities [1][2] - The collaboration with Epic Games is expected to build a persistent, open, and interoperable ecosystem that connects the Disney and Fortnite communities [3] Group 2: Financial Performance - Disney reported a 49% increase in profits to $1.91 billion for the three months ending December 31, despite flat revenue of $23.5 billion [2] - The company is under pressure to cut costs and has announced a hefty dividend for shareholders, indicating a positive shift in financial performance [1][2] - Disney shares rose by 7% in after-hours trading following the earnings announcement and the news of the Epic Games deal [2] Group 3: Additional Ventures - Disney's ESPN is collaborating with Fox Corporation and Warner Bros Discovery to launch a sports-focused streaming platform, leveraging a wide range of sports rights [4]

How far will Disney go? Back to ancient Polynesia, it seems.On Wednesday, Disney CEO Bob Iger revealed that the untitled Disney Animation film slated for Thanksgiving is a sequel to the beloved 2016 film "Moana."The news comes just a day after Nielsen's year-end rankings named "Moana" as the top-streamed film aimed at kids and families in 2023, with 11.6 billion minutes of viewing."This was originally developed as a series but we were impressed with what we saw and we knew it deserved a theatrical release," ...

ToplineBillionaire Taylor Swift announced the film version of her Eras Tour concert movie—“Taylor Swift | The Eras Tour (Taylor’s Version)”—will be available to stream next month on Disney+, marking a big win for the streaming platform.Taylor Swift performs onstage during "Taylor Swift | The Eras Tour" at Estadio Olimpico Nilton ... [+] Santos on November 17, 2023 in Rio de Janeiro, Rio de Janeiro. (Photo by Buda Mendes/TAS23/Getty Images for TAS Rights Management )Getty Images for TAS Rights Management Key ...

Lego Fortnite is only two months old, but Epic Games is already out with an even bigger collaboration.Epic and Disney announced today that the companies will partner on an “all-new games and entertainment universe” that will bring characters from Disney’s deep catalogue to life through Fortnite.The scope of the project sounds massive, to say the least. In a press release, the companies described the forthcoming project as “an all-new games and entertainment universe” offering players a way to “play, watch, ...

The NBA is one of the many premium sports that will be streamed with the Disney, WBD, Fox joint ... [+] venture (Photo by J. Conrad Williams Jr./Newsday RM via Getty Images)Newsday via Getty ImagesThree of the largest media companies Disney, Fox FOXA and Warner Bros Discovery have announced plans to launch a joint streaming sports service, with all of their sports properties available under one app. The announcement came as revenue from their linear television properties continue to decline from cord cuttin ...