In the latest trading session, Walt Disney (DIS) closed at $111.85, marking a -1.69% move from the previous day.
A federal court has approved a settlement in which Disney will pay $10 million in civil penalties to resolve allegations that it violated children's privacy laws.
Walt Disney Animation Studios' "Zootopia 2" surpassed 2019's "Frozen 2" to become its highest-grossing film ever, the company said on Wednesday, marking a bright spot in a year when global box office continues to trail pre-pandemic levels.
The Walt Disney Company has agreed to pay a $10 million civil penalty as part of a settlement to resolve allegations it violated child privacy laws, the Justice Department said on Tuesday.
A complaint alleged that Disney collected information from and targeted ads toward children without parental notice and consent.
DIS gains traction as streaming turns profitable and parks post record income, setting up a pivotal test of whether Disney can sustain growth momentum.
Walt Disney (DIS) closed the most recent trading day at $114.48, moving +1.11% from the previous trading session.
The company's first-ever chief brand officer, Asad Ayaz, is Bob Iger's pick to depoliticize America's best-known entertainment company.
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Disney and James Cameron's "Avatar: Fire and Ash" tallied just $88 million during its domestic debut, well short of the $110 million to $125 million range box office analysts had expected. "Fire and Ash" faced some theatrical headwinds, namely its more than three-hour runtime and less pent-up demand from moviegoers.
Disney and James Cameron's "Avatar: Fire and Ash" secured $12 million in early preview screenings domestically. The second installment in the film series, "Avatar: The Way of Water," made more in its Thursday preview haul in 2022.