Market Chatter: Walt Disney, Warner Bros. Exclusive Discussion Period for New NBA Contract Ends Without Deal
Market Chatter: Walt Disney, Warner Bros. Exclusive Discussion Period for New NBA Contract Ends Without Deal
| Ticker |
DIS
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| CIK | 0001744489 |
| SIC | 7990 |
| Sector | Services |
| Industry Category | Entertainment |
| Industry Group | Services – Misc. Entertainment |
| Address | 500 SOUTH BUENA VISTA STREET, BURBANK, CA, 91521 |
| Website | thewaltdisneycompany.com |
| Phone | (818) 560-1000 |
| CEO | Robert A. Iger |
| Employees | 220,000 |
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Market Chatter: Walt Disney, Warner Bros. Exclusive Discussion Period for New NBA Contract Ends Without DealMarket Chatter: Walt Disney, Warner Bros. Exclusive Discussion Period for New NBA Contract Ends Without Deal With 67% institutional ownership, The Walt Disney Company (NYSE:DIS) is a favorite amongst the big gunsKey Insights Given the large stake in the stock by institutions, Walt Disney's stock price might be vulnerable to their... UPDATE 2-Netflix's Nordic rival Viaplay logs much slower Q1 growth, shares slideSwedish video streaming company Viaplay said sales growth at its core operations slowed markedly in the first quarter due to price hikes, knocking its shares 7% lower. After replacing its CEO and laying off 30% of its workforce last year, Viaplay unveiled a turnaround plan in December that included raising equity, restructuring debt, and focusing on its core Nordic, Dutch and Viaplay Select operations. The group, which competes with Netflix Inc and Walt Disney Co's Disney+, said sales from those operations grew 5.6% organically to 4.46 billion Swedish crowns ($410 million), far below 27.3% growth a year earlier. Walt Disney (DIS) Stock Sinks As Market Gains: What You Should KnowIn the latest trading session, Walt Disney (DIS) closed at $111.99, marking a -0.55% move from the previous day. Disney Entertainment CTO to depart, join Penn EntertainmentAaron LeBerge, the chief technology officer of Disney Entertainment and ESPN, is leaving the company to join Penn Entertainment (PENN). In a memo, LeBerge described the move as a "personal decision driven by the needs of my family." It comes as Disney (DIS) faces questions about who will succeed Bob Iger as CEO when his contract is up. In the video above, Yahoo Finance's Alexandra Canal and Josh Lipton discuss what's next for Disney. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich. |