Key Points Disney shares have been sluggish lately, but as my first stock it inspired my investing journey. As popular as Disney was, it was smart and humble enough to know it needed acquisitions to grow even stronger. Your best investments will likely be in companies and industries that you know well. 10 stocks we like better than Walt Disney › It's the holiday week to be thankful. I am certainly grateful for my family, friends, and their overall health. Is it wrong to also be thankful for indiv ...

过去十年的「掐线潮」下，如果说美国电视行业里还有什么是稳定的，那大概就是不稳定本身。 随着传统有线电视的衰落成为必然，流媒体之间的竞争也愈发惨烈，新玩家一个比一个有钱，一个比一个激进。说好听点叫重塑行业玩法，但在许多老电 视人看来，更像是把行业里维持了几十年的规矩全部推倒重来。 而在所有被这股浪潮重塑的资产里，体育内容无疑是最受影响、也最敏感的那一块。 玩体育不一定能赢，但不玩就一定会输。 尽管版权价格几乎年年攀升，但体育迷依旧是行业里最具粘性、最能稳定带来增量的那部分人群。因此，每个巨头都在以不同身份切入：有的做内容、有 的做分发、有的做入口，但归根结底目标一致——抓住这批人，就能在长线格局中握住更多主动权。 尽管对面站着的，是谷歌这样级别的巨头。 图源：Sports Media Watch 事实上，今天的YouTube TV，已经跳出「试水性产品」的标签，成为电视行业中不可忽视的力量。截至发稿前，其订阅用户已接近1000万，成为仅次于 Charter和Comcast的美国第三大付费电视分发平台。 而YouTube TV能取得这样的增长，离不开谷歌支持下，对于有线电视内容的疯狂购买，其中与迪士尼长期维持的合 ...

Core Insights - Walt Disney has seen a decline of 25% in stock value over the past five years, with current trading 49% off its peak [1][2] - The company is transitioning to a direct-to-consumer model, with Disney+ achieving 131.6 million subscribers and generating $1.3 billion in operating income in fiscal 2025 [3] Streaming and Cable Networks - The shift to streaming is crucial for Disney's future, although the cable networks continue to decline, with a 12% revenue drop year over year in fiscal 2025 [4] - The DTC segment, excluding ESPN, is becoming a significant contributor to Disney's overall financial performance [3] Intellectual Property and Competitive Advantage - Disney's valuable intellectual property, including Marvel, LucasFilm, and Pixar, provides a competitive edge and creates a wide economic moat [5] - The company has the ability to monetize its IP in various ways, leveraging its creative strengths to maintain consumer engagement [6] Experiences Segment - The Experiences segment, which includes theme parks and cruise ships, remains the most profitable division, with a 6% revenue increase and a 13% rise in operating income in Q4 [9] - Disney's unmatched IP allows for pricing power, enabling the company to charge higher prices for its services and products over time [10]

BREAKING: 119,000 Jobs Added In Sept., Jobless Rate 4.4% Major League Baseball on Wednesday announced three-year deals that divide up the media rights to America's Pastime between ESPN, NBCUniversal and Netflix. The new deals covering the 2026-2028 seasons come after the LA Dodgers beat the Toronto Blue Jays in the 2025 MLB World Series, which averaged more than 51 million viewers globally, according to the league. "Our new media… 11/19/2025Anyone interested in buying Warner Bros. Discovery has until Thursd ...

Core Insights - Disney's channels, including ESPN, have returned to YouTube TV after a 15-day blackout, marking the longest carriage dispute for Disney to date [1] - Disney has warned of potential future TV blackouts due to expiring distribution contracts with pay-TV providers in fiscal year 2026, which could lead to temporary or longer-term service interruptions [2] Industry Dynamics - Media analyst Alan Wolk suggests that carriage disputes between media firms and pay-TV providers may become more common in 2026 due to declining pay-TV subscriptions [3] - The cord-cutting trend has led media companies to increase prices for existing customers, creating a cycle of declining pay-TV subscriptions [3] Disney's Position - Disney argues that its valuable sports rights make its networks essential for major TV providers, but rising costs may lead customers to reconsider their subscriptions [4] - YouTube TV had significant leverage in negotiations with Disney due to its parent company Google, while some cable companies are becoming less reliant on pay-TV subscriptions [5] Cable Companies' Strategies - Charter has adopted a strategy of bundling streaming services with its cable packages, which has helped slow its rate of cord-cutting [7][8] - Charter's third-quarter results showed a loss of only 70,000 video subscribers, a significant improvement compared to a loss of 294,000 the previous year [8] Other Players in the Market - DirecTV is experimenting with bundling streaming services and offering "skinny bundles" focused on sports, news, or entertainment to attract customers [9] - The pay-TV market includes various players such as cable companies, satellite providers, and virtual TV services, all navigating the challenges posed by the cord-cutting trend [8] Future Outlook - Media companies like Disney need to ensure their networks provide sufficient value to satisfy investors, while TV providers have increasing reasons to resist negotiations, potentially leading to more disputes in 2026 [10]

This business is a top conglomerate in its field, with many sources of growth.California is massive, both in terms of population and economic power -- it is the largest U.S. state when measured by residents and gross domestic product (GDP). Since it places No. 1 in both metrics, it's also a suitable home to a dizzying number of world-beating companies in fields as diverse as technology, pharmaceuticals, and industrials.Yet, it's another sector traditionally identified with the Golden State that would be my ...

高管表示，公司四季度及全年盈利表现稳健，核心财务指标持续改善。 2025 财年经调整每股收益同比 长 19%，过去三年实现 19% 复合增长;管理层预计 2026 财年 EPS 将继续实现两位数增长。得益于强现 金流，公司宣布将明年股票回购规模提升至 70 亿美元，相比 2025 财年翻倍，并将股息提高 50% 至每 股 1.50 美元，相比 2025 财年股息 (1 美元/股) 增长 50%。 流媒体业务保持高增长并实现显著盈利改善，第四季度营业收入同比增长 39%，全年达到 13 亿美元， 较去年增加 12 亿美元，超出预期。10 月公司推进 Hulu 品牌全球化，正在继续努力，将国内所有的娱 乐内容整合到一个 APP 中，从而简化用户使用体验，充分展现各类内容的价值，并推动全球市场的开 发。对于重点关注的市场，采取了谨慎、有序的开发策略，并对自身的长期发展充满信心。 总体而言，四季度是公司又一个业绩出色的财年。继续按照既定的战略目标推进各项计划，为未来做好 准备，致力于提供最优质的娱乐产品，为股东创造更多价值。 智通财经APP获悉，近日，迪士尼(DIS.US)召开4Q25FY业绩电话会。公司四季度流媒体 ...

Core Insights - YouTube TV and Disney have reached a deal after a two-week blackout, restoring Disney networks like ABC, ESPN, and FX to YouTube TV [1][2] - The agreement includes ESPN's new direct-to-consumer service being available on YouTube TV at no extra cost, along with the option to sell select Disney networks and the Disney+/Hulu bundle [1][2] Company Statements - Disney executives described the deal as recognizing the value of Disney's programming and providing YouTube TV subscribers with more flexibility and choice [2] - YouTube expressed apologies for the disruption and thanked subscribers for their patience during negotiations [3] Subscriber Impact - A survey indicated that 24% of YouTube TV's over 10 million subscribers had either canceled or planned to cancel their subscriptions due to the blackout, although YouTube claimed actual churn was manageable [6]

Core Points - Google’s YouTube and Walt Disney have reached an agreement to restore Disney's networks to YouTube TV, ending a two-week blackout [1] - The blackout affected millions of US viewers, depriving them of access to significant programming, including Election Day coverage and "Monday Night Football" [1] Company Summary - YouTube has successfully negotiated with Disney to reinstate its channels on the platform, which is crucial for maintaining subscriber satisfaction and viewership [1] - Disney's networks are essential for YouTube TV, particularly during high-profile events, indicating the importance of such partnerships in the streaming industry [1] Industry Summary - The resolution of the blackout highlights the competitive nature of the streaming industry, where content availability is critical for attracting and retaining subscribers [1] - The incident underscores the potential impact of content disputes on consumer access to major events, which can influence overall viewership trends in the industry [1]

Core Viewpoint - Disney's networks, including ESPN and ABC, have returned to approximately ten million YouTube TV customers, indicating a significant restoration of content availability for subscribers [1] Group 1 - Disney's networks were previously unavailable on YouTube TV, impacting customer access [1] - The return of these networks is expected to enhance the value proposition of YouTube TV for its subscribers [1] - This development may influence subscriber retention and acquisition for YouTube TV in a competitive streaming market [1]