On June 6, 2024, the newest expansion at the Tokyo Disney Resort will officially open to the public. Dubbed Fantasy Springs, the expansion cost $2.1 billion and is the largest expansion at the Japanese resort since its opening in 1983.
When it comes to investing, the big brand names tend to offer the most in terms of long-term holdings. Though the American economy descends from a free-market capitalist ideology, the reality often results in monopolies or cornered markets.
Dividend growth accelerated in the first quarter to a record $164.3 billion, propelled by distributions from companies such as Meta (META), Walt Disney & Co. (DIS), and T-Mobile (TMUS), according to a recent Janus Henderson Global Dividend Index report. And that's not including any special or one-time payout announcements.
Disney stock has struggled after its post-earnings selloff, even as the S&P 500 took out new all-time highs. Disney's Linear TV business worries investors, given its secular decline. Disney anticipates streaming to reach profitability by FQ4, mitigating these concerns.
Reliance Industries and Walt Disney have sought antitrust clearance for their $8.5 billion India media merger by arguing their combined power, especially on cricket broadcasting, will not hit advertisers, two people with direct knowledge told Reuters.
Disney stock sold off after the Q2 earnings reveal, but the punishment was overdone. The focus now is on cost-cutting and cash flow, as linear TV declines and box-office potential contracts. Disney's parks division offers flexibility and excellent ROI, and CEO Bob Iger is prioritizing capital allocation in that area.
Shareholder payouts were up again in the first quarter as many companies are flush with cash.
Warner Bros Discovery's TNT network has signed a five-year deal with Walt Disney-owned ESPN to broadcast select College Football Playoff games, starting from the upcoming college football season.
TNT Sports will begin airing College Football Playoff games this upcoming season through a sublicense with ESPN.
Warner Bros. Discovery's TNT will carry two first round College Football Playoff games this year and next year and two first round games plus two quarterfinals games starting in 2026.
The deal could help TNT parent Warner Bros. Discovery shore up its position in sports as it faces the possibility of losing NBA rights.
Disney stock hasn't traded in the double digits since Feb. 7, but recent weakness finds it approaching the $100 mark. An analyst upgraded the stock this week, but it's not a glowing endorsement.