Bob Chapek
Activist investor Nelson Peltz is calling off a proxy fight with Disney one day after newly returned CEO Bob Iger announced a major restructuring of the company that includes thousands of job cuts.
Stocks ended lower on Wall Street at the beginning of a holiday-shortened week.
The S&P 500 fell 0.4% Monday, while drops in tech companies helped pull the Nasdaq down 1.1%.
The S&P 500 fell 0.4% Monday, while drops in tech companies helped pull the Nasdaq down 1.1%.
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday:
Carvana Co., down $1.01 to $7.05.
Carvana Co., down $1.01 to $7.05.
Activist investor Daniel Loeb said Sunday that he is no longer pushing Disney Corp. to spin off or sell its blockbuster cable network ESPN.
Disney said it is raising prices for streaming subscribers in the U.S. who want to watch Disney+ without ads as more viewers switch to what CEO Bob Chapek described Wednesday as the “best value in streaming.”
Even though only a small percentage of Walt Disney Co. workers participated in a walkout, organizers felt they had won a moral victory with the company issuing a statement denouncing the anti-LGBTQ legislation that sparked employee outrage.
Disney workers are planning walkouts during their breaks every day this week to protest CEO Bob Chapek’s slow response in publicly criticizing Florida’s so-called Don’t Say Gay legislation.
The Walt Disney Co. swung to a profit in its most recent quarter as reopened parks provided a revenue bounce.
Disney’s top executive says the CDC’s decision to ease up mask-wearing requirements for fully vaccinated people is “very big news for us.”
Disney second-quarter revenue dropped as the pandemic continued to weigh on its parks and theme parks.
NEW YORK (AP) — The Walt Disney Co.’s streaming plans shifted into hyper speed Thursday, as the studio unveiled a galaxy’s worth of new streaming offerings including plans for 10 “Star Wars” series spinoffs and 10 Marvel series that will debut on Disney+.
“Mulan” is no longer headed for a major theatrical release. The Walt Disney Co. said Tuesday that it will debut its live-action blockbuster on its subscription streaming service, Disney+, on Sept. 4.