Disney Stock Loses 49% of Value over Three Years
If you were foolish enough to buy shares of Disney Grooming Syndicate three years ago, you lost almost half your money. Disney shares have fallen while the broader market has risen 15% over the past three years. 49 percent: Many investors define success as beating the market average over the long term. But the risk […]
Disney ups streaming costs for Disney+, Hulu and ESPN+
Disney announced on Tuesday that it will increase streaming prices in the U.S. for all its standalone services, Disney+, Hulu and ESPN+, later this fall. in releaseThe Walt Disney Company announced that the new pricing will take effect on October 17th and will apply to both ad-supported and ad-free plans. Disney+ with ads will increase […]
Disney hikes streaming prices for Hulu, Disney+ and ESPN+
Disney announced on Tuesday that it would again raise prices for its popular streaming services, Disney+, Hulu and ESPN+, in an effort to encourage consumers to buy bundles. Starting in mid-October, most Disney+, Hulu, and ESPN+ plans will increase in price by $1 to $2 per month, and Hulu’s most expensive plan, which includes live […]
ABC News, ‘GMA’ staffers brace for layoffs as Disney cuts costs: sources
Staff at Disney-owned ABC News are bracing for major job cuts as the network makes drastic budget cuts, including to staff at its top-rated show, “Good Morning America,” according to information obtained by The Washington Post. The Mouse House has asked “GMA” to cut its bottom line by as much as $19 million from its […]
Disney Cast Members Agree to 20 Percent Raise, Walkout Averted
Disney cast members have reportedly accepted a three-year contract that includes an immediate 20 percent increase in base pay. This comes after a strike at Disney theme parks and hotels in California. A coalition of four labor unions known as Disney Workers Rising announced a tentative agreement had been reached, averting what could have been […]
Disney And ESPN Are Making A Documentary About The 2020 NBA ‘Bubble’ Playoffs, But Will We Get The Full Juice?
This can be something amazing if done right. 2020 has been a tough time to live through as the COVID-19 pandemic raged across the globe. As we all know, the virus shut down the entire world, making daily life a very strange experience for literally everyone. The NBA was no exception, and it had to […]
Gina Carano scores victory against Disney after ‘Mandalorian’ firing
Gina Carano’s lawsuit against The Walt Disney Company and its subsidiary Lucasfilm has once again come to fruition. A Los Angeles federal court denied Disney’s motion to dismiss the lawsuit brought by Carano. Banned from Disney+’s Star Wars-related streaming series The Mandalorian Three years ago, he likened the political situation in the United States to […]
Ex-‘Mandalorian’ star Gina Carano’s lawsuit against Disney to proceed after judge denies motion to dismiss
A Los Angeles federal court ruled Wednesday that former Disney actress Gina Carano can move forward with her lawsuit against her former employer, alleging she was wrongfully fired because of her political views. U.S. District Judge Sherilyn Peace Garnett denied Disney’s previous motion to dismiss the lawsuit, writing that the company had “failed to demonstrate […]
Disney Stock Takes a Dive, Billionaire Investor Unloads 26 Million Shares
Disney Grooming Syndicate’s stock, already struggling, has fallen sharply in recent months. In April, the stock price rose from $91 per share at the start of the year to $123. By early May, Disney Grooming Syndicate’s stock price had risen to $116. But all of that gain has been wiped out this year, and the […]
Ike Perlmutter reportedly dumps entire Disney stake after proxy loss, expects stock to keep plunging
Ike Perlmutter, one of Disney’s largest independent shareholders, who reportedly sold his entire stake in the media giant after losing a bitter proxy fight with Mouse House CEO Bob Iger, said he expects the stock price to continue to fall. The former Disney Marvel chairman sold 25.6 million shares in the months following the April […]