Disney will announce its first quarterly earnings with Chief Executive Bob Iger back in charge
Walt Disney Co. is locked in a nasty proxy fight with an activist investor as it prepares for its first earnings report since the return of its longtime CEO.
Just another ho-hum quarterly report from the Magic Kingdom, which is navigating an austerity program while fending off some of the biggest media companies in the world for consumers’ entertainment dollars. “With a proxy battle looming, management’s best avenue to defend against activism is a higher stock price,” Wells Fargo analyst Steven Cahall said in a recent note. “We expect DIS to back away from FY24 DTC subscriber targets, in favor of empowering content creation and streaming profitability.”
Revenue: The FactSet consensus called for Disney to post revenue of $23.4 billion for its first quarter, up from $21.8 billion a year prior. Those contributing to Estimize were looking for $23.4 billion in sales.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Accenture's global strategy chief on what marks the energy transition's leaders and laggardsWhat makes a energy-industry leader? Accenture's global strategy chief on the defining traits
Read more »
Carlyle names former Goldman executive Schwartz as CEOPrivate equity firm Carlyle Group Inc on Monday appointed former Goldman Sachs Inc executive Harvey Schwartz as chief executive officer, effective Feb. 15.
Read more »
ACCOUNT EXECUTIVE - KTUU in Anchorage, AK**About Gray Television:** Gray Television is a leading media company that owns and operates high-quality stations in 113 television markets that collectively reach 36 percent of US television households. We constantly strive for excellence. Through upgrading to the latest technology and seekin...
Read more »
Live-Action Proud Family Plans Teased By Executive ProducerTheProudFamily producer Ralph Farquhar has teased there were pitches for a live-action version of the show: 'We pitched live-action, we pitched live-action and animation... So Proud Family could, I think, obviously really work as a live-action show.'
Read more »
National Enquirer to Be Sold to Group Including Former MoviePass ExecutiveThe National Enquirer, the scandal-plagued supermarket tabloid that facilitated a hush-money scheme involving former President Trump, is being sold to a joint venture run by two digital-media companies
Read more »