{
}
UBS has reaffirmed its Buy rating and $120 price target for Walt Disney, anticipating a 2% revenue increase to $24 billion and a 10% growth in EPS for the first fiscal quarter. The firm expects profitability gains in the Direct-to-Consumer segment and robust advertising revenue from Sports, despite challenges from the sale of Disney's India assets. Additionally, Disney's strategic reshuffle and merger with FuboTV are set to enhance its growth potential, with analysts projecting continued EPS growth in the coming years.
The Walt Disney Company will participate in a question-and-answer session at the UBS Global Media and Communications Conference on December 9, 2024, starting at 1:30 PM ET. A live webcast of the event will be available on their investor relations website.
Streaming services are capitalizing on the holiday season, offering promotions that attracted 6.9 million new sign-ups during Black Friday 2023, an 82% increase from the previous year. Paramount+ gained 1.8 million customers, while Hulu added 1.7 million through these deals.
Since Election Day, the top 10 S&P 500 stocks have surged by 18% or more, with Axon Enterprise and Tesla leading the pack with gains over 35%. This momentum is attributed to anticipated Trump administration policies favoring deregulation and mergers, alongside strong earnings reports, particularly in AI-driven sectors. Investors are advised to be cautious, as short-term price movements can be risky without understanding the underlying factors.
Warner Bros. Discovery Inc. is launching its Max streaming service in Asia, adopting a unique strategy that focuses on leveraging popular Hollywood franchises like Harry Potter and Friends instead of investing heavily in local content. By partnering with local platforms, the company aims to build subscriber loyalty efficiently while minimizing initial costs, distinguishing itself from competitors like Netflix and Disney.
Walt Disney Co. has reported a profit of $321 million from its streaming services, including Disney+, Hulu, and ESPN+, marking the second consecutive quarter of profitability for the unit. This success positions Disney among the leading legacy media companies now generating revenue from direct-to-consumer streaming, as it aims for $1 billion in streaming profit in the upcoming fiscal year.
JioStar, formed from the merger of Reliance Industries' media division and Walt Disney's local unit, aims to capture a significant share of India's $28 billion entertainment market. The company is positioning itself against established players like Netflix and Amazon.
Reliance Industries, Viacom18 Media, and Walt Disney Company have finalized a merger of Viacom18’s media and JioCinema businesses into Star India, forming a joint venture valued at Rs 70,352 crore. The new entity will be managed by three CEOs: Kevin Vaz for entertainment, Kiran Mani for digital, and Sanjog Gupta for sports. This merger establishes a significant media powerhouse in India, operating over 100 television channels and serving more than 50 million subscribers through JioCinema and Hotstar.
Disney+ Hotstar's paid subscriber base reached 35.9 million in Q4-FY24, marking a 1.1% increase from the previous quarter. This growth follows a challenging period with six declines in the last eight quarters. However, the average monthly revenue per subscriber fell to $0.78, down from $1.05.
Wall Street aims to regain momentum post-election after two quiet sessions, with a focus on the implications of Donald Trump's potential return to the White House. Wholesale inflation in October met expectations, with the producer price index rising 0.2% month-over-month, while initial jobless claims fell to 217,000. Disney shares surged following better-than-expected quarterly results, bolstered by its streaming and movie sectors, along with a positive multiyear earnings outlook.
The Walt Disney Company
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs maintains buy rating for disney stock with positive growth outlook
03:29 29.01.2025
Walt Disney to Participate in UBS Global Media Conference on December 9
18:34 09.12.2024
treaming services see surge in sign-ups during holiday discount promotions
15:00 27.11.2024
top performing s and p 500 stocks surge after election day
Axon Enterprise, Inc.
Vistra Corp.
Palantir Technologies Inc.
Warner Bros. Discovery, Inc.
Tesla, Inc.
The Walt Disney Company
USA
Elon Musk
Jacob Manoukian
Donald Trump
David Glazer
Show more
19:50 22.11.2024
warner bros launches max in asia with focus on hollywood content
23:00 17.11.2024
Disney aims for one billion dollars in streaming profit next year
12:00 15.11.2024
jioStar targets india's entertainment market with competitive streaming offerings
Amazon.com, Inc.
The Walt Disney Company
Netflix, Inc.
Reliance Industries Limited
IND
Reliance Industries Ltd.
Menaka Doshi
Amazon.com Inc.
Netflix Inc.
Walt Disney
Show more
07:19 15.11.2024
reliance and disney merge creating major media powerhouse in india
Indian Rupee
Brookfield
JioCinema
The Walt Disney Company
Business Standard Ltd.
Viacom18 Media Ltd.
Gentari
Star India
Reliance Industries Limited
IND
Kevin Vaz
Sanjog Gupta
Kiran Mani
Show more
03:42 15.11.2024
disney plus hotstar adds 0.4 million paid subscribers in fourth quarter
16:24 14.11.2024
stock market momentum builds as disney shares surge on strong earnings
15:24 14.11.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Industry Mergers & Acquisitions
Finance Mergers & Acquisitions
Domestic Politics
Banking Regulations
Global Financial Events
Retail and Consumer Goods
CEO Changes
Government Policies
Workplace Trends
Elections & Campaigns
Market Analysis and Predictions
Central Bank Actions
Global Trade Developments
Startups & Entrepreneurship
Hedge Funds & Private Equity
Supply Chain Management
Banking & Investment Regulations
Countries:
Companies:
Tesla, Inc.
UniCredit S.p.A.
Banco BPM S.p.A.
Deutsche Bank Money Market PP
JPMorgan Chase & Co.
Barclays PLC
Credit Suisse Strategic Income I
Apple Inc.
CREDIT AGRICOLE
SpaceXCoin USD
Lloyds Banking Group plc
BNP Paribas SA
Amazon.com, Inc.
The Goldman Sachs Group, Inc.
UBS Group AG
Credit Agricole
Banco Santander, S.A.
Reinsurance Group of America, Incorporated
Google Inc.
Amundi S.A.
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Chinese Yuan
Indian Rupee
Japanese Yen
South Korean Won
Offshore Chinese Yuan
Hong Kong Dollar
Norwegian Krone
Filipino Peso
Canadian Dollar
Singapore Dollar
Australian Dollar
Danish Krone
Swedish Krona
Mexican Peso
Qatari Riyal
South African Rand
People: