LOS ANGELES – The Walt Disney Company will report fiscal first quarter results after the bell Wednesday as its board battles again with activist investor Nelson Peltz and Blackwells Capital.The media behemoth will also post earnings a day after it announced its sports network ESPN would partner with Fox and Warner Bros. Discovery to launch a joint sports streaming service later this year.In the last few months, the House of Mouse has been steadily addressing investor concerns over streaming losses and its s ...

Disney will unveil fiscal first-quarter financials after market close Wednesday – but this isn’t any earnings report. It’s one that comes with two separate activist shareholders lobbying aggressively to push new directors onto the company’s board because the stock has lagged and, they say, Disney hasn’t made any big moves to create value. One potential game changer came late yesterday with Disney, Warner Bros. and Fox announcing the launch of a new sports streaming joint venture pooling the sports rights o ...

It might not be the same as Mickey and Minnie getting divorced, but one activist investor thinks it may be time for a Disney (DIS -1.91%) breakup.Blackwells Capital, the latest activist investor to emerge at the House of Mouse, suggested Disney's corporate segments would be better off going their separate ways.Joining Nelson Peltz's Trian Fund in staging a proxy fight at the entertainment giant, Blackwells is seeking three board seats, and in a letter to shareholders, it proposed breaking up the company int ...

In the lead up to Disney’s release of first-quarter financial results on Wednesday afternoon, activist investors have continued to push the entertainment giant. That pressure has come from two entities, Trian Group and Blackwells Capital, who have made their own proposals for Disney's upcoming annual meeting. Activist HeatNelson Peltz and Trian Group Trian Group has continued to pursue board seats for activist investor Nelson Peltz and former Disney CFO James Rasulo, calling for their election to "restore t ...

Actress Gina Carano is suing Disney and LucasFilm for wrongful termination and discrimination, claiming she was dropped from The Mandalorian for expressing her "personal political opinions".Carano was fired in February 2021 over political opinions she expressed on social media, the lawsuit said, after starring in two series of Disney+ Star Wars series The Mandalorian as Rebel ranger Cara Dune. The 41-year-old had referenced the Nazis' treatment of Jewish people while discussing political differences in the ...

Elon Musk is to fund a lawsuit brought by former The Mandalorian actress Gina Carano against Disney and Lucasfilm following her sacking in 2021 following a post on Instagram. An outspoken Republican supporter, Carano wants US$75,000 in damages and for Lucasfilm to recast her in the series and other projects. Carano lost her role as Cara Dune in the hit series after a post that likened the abuse she said Republicans now receive in the US to that of Jews in pre-Second World War Germany. Musk made an open call ...

Another streaming service will soon be added to the pile when The Walt Disney Company (NYSE:DIS)’s ESPN, Fox Corp (NASDAQ:FOXA) and Warner Bros Discovery Inc (NASDAQ:WBD) jointly launch a yet-to-be-name sports streaming platform. Viewers will have access to the breadth of sports content owned by the three media giants, including FIFA World Cup, Formula 1, NFL, PGA, UFC, NBA Major League Baseball (MLB) and other major events on the sporting calendar, including college sport. Subscribers to the new sports meg ...

Fox, ESPN and Warner Bros. Discovery have announced a joint venture to launch a new streaming sports service in the United States.This collaboration aims to create a platform that will offer a lineup of sports content, including thousands of high-profile sporting events from major professional sports leagues and college sports, the companies said in a Tuesday (Feb. 6) press release.Scheduled to launch in the fall of 2024, the new streaming service will be available directly to consumers through a new app, a ...

Key TakeawaysWalt Disney's ESPN, Fox, and Warner Bros. Discovery are developing a sports streaming app for U.S. customers.The app will be available in the fall and will offer combined sports offerings, which include professional and college games.Competitors such as Comcast and Apple have seen success with their sports streaming offerings.Walt Disney's ESPN (DIS), Fox (FOXA), and Warner Bros. Discovery (WBD) are teaming up to create a joint sports streaming service that could help them better compete with r ...

Sports fans looking to simplify their streaming options in a world that is moving away from cable will have a new option later this year. On Tuesday afternoon, Disney, Fox and Warner Bros. Discovery announced that they would be creating a joint venture to "develop, launch and operate a streaming sports bundle of linear networks" and some direct-to-consumer "sports content and services" in the US.The new service, which will be equally owned by each of the three companies, will be pulling sports content from ...