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.
Just because the S&P 500 hit a new all-time high doesn't mean all stocks are expensive.
Disney stock currently trades at $103 per share, about 49% below its pre-inflation shock high of about $202 seen on March 8, 2021. The sell-off has been driven by several factors.
Scarlett Johansson is fast becoming an A-lister in the fight brewing between artists and artificial intelligence.
At this point in the economic cycle, investors are rewarding companies that are getting lean and mean. Disney (NYSE: DIS ) is among the media giants that has been among the most aggressive in terms of cutting costs, with recent Disney layoffs at the company's Pixar division affecting roughly 175 employees at the firm.
Approximately 175 people to be affected by layoffs as CEO Bob Iger returns studio's focus exclusively to feature films
Disney's Pixar Animation Studios will be cutting 14% of its workforce, multiple outlets reported Tuesday, in what is reportedly the biggest restructuring in its history as the animation studio's parent company works to cut annual spending by billions.
Around 14% of Disney's Pixar Animation Studio's workforce, or around 175 employees, are being laid off.
Disney CEO Bob Iger has scaled back spending on original streaming content to lift Disney+ to profitability.