LOS ANGELES — A class-action lawsuit filed by “Sunday Ticket” subscribers claiming the NFL broke antitrust laws got underway in federal court Thursday with the league's attorney telling jurors that fans have a choice when it comes to watching games and the “Sunday Ticket” package is a premium product.
Disney (DIS) reported earnings 30 days ago. What's next for the stock?
In what seems like an end to a legal fight between Florida's Republican Governor Ron DeSantis and Walt Disney (NYSE: DIS), the famous entertainment company is set to invest around $17 billion in building its 5th theme park in Florida.
Disney's direct-to-consumer business is improving, with subscriber growth and increased average revenue per user for Disney+. The company's operating income in the direct-to-consumer segment has turned positive lately, reaching a major milestone. Disney's earnings outlook has been upgraded, with a 25% growth forecast and a target of $8 billion in free cash flow for this year.
After years of acrimony between Disney and Florida Gov. Ron DeSantis, the two sides are working on a new development agreement that would provide assurances and guardrails for the Bob Iger-run behemoth as it plans to expand near Orlando.
The agreement between Disney and the Central Florida Tourism and Oversight District would last for the next 15 years.
Disney-branded theme parks will open Fantasy Springs in Japan this week and Tiana's Bayou Adventure in Florida later this month. "Inside Out 2" opens next weekend.
Billionaire Nelson Peltz is no longer an investor in Disney. Peltz fought a pricey proxy battle with Disney CEO Bob Iger over its board but lost.
Trian's Nelson Peltz reportedly sold his entire stake in Disney in early April after falling short in his battle for boardroom seats. The stock has fallen nearly 20% since the annual shareholder meeting eight weeks ago, so Peltz got out at a good price.
Nelson Peltz's Trian Asset Management has sold its stake in The Walt Disney Co. (NYSE: DIS ) stock. Peltz lost his effort to get himself and former Disney executive Jay Rasulo elected to the board following a proxy battle in April.
Nelson Peltz, the leader of Trian and corporate raider, tried to get two seats on the Walt Disney Co.
Activist investor Nelson Peltz's Trian Fund Management has sold its entire stake in Walt Disney Co (NYSE:DIS, ETR:WDP), bringing a long-running proxy battle for board-level influence at the entertainment giant to an end. The news was first reported by CNBC, which noted that Peltz failed to rouse shareholder support for his campaign to get a seat on the board for himself and former Disney finance chief Jay Rasulo.