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DIS May 2024 120.000 call
| Previous close | 0.0100 |
| Open | 0.0100 |
| Bid | 0.0000 |
| Ask | 0.0200 |
| Strike | 120.00 |
| Expiry date | 2024-05-10 |
| Day's range | 0.0100 - 0.0400 |
| Contract range | N/A |
| Volume | |
| Open interest | 8.95k |
- Yahoo Finance Video
Disney scrambling for growth drivers with WBD bundle: Analyst
Disney (DIS) and Warner Bros. Discovery (WBD) will launch a new streaming service bundle including Disney+, Hulu, and Max in one package. The bundle is set to launch sometime in the summer and will mark the first cross-company partnership in streaming. CFRA Research Director of Equity Research Ken Leon and Third Bridge Sector Analyst Jamie Lumley join Market Domination to discuss the advent of a Warner Bros. Discovery and Disney partnership and how it can impact the streaming landscape. Lumley comments on Disney's profitability and search for growth with this deal: "They are now at profitability in their entertainment streaming segment... they are roughly on schedule for the profitability metrics they set out when they launched Disney+ back in 2019. But they're definitely scrambling for growth drivers here. If you look at the subscriber additions they had, there were 6 million core Disney+ subscribers added. But a lot of that is attributed to the Charter Communications (CHTR) deal, which was set up last year. And there could be some softness going forward." Leon offers this insight on the streaming landscape as a whole: "I think they're all de-risking. They're reducing capital, and they're going to say, 'gee, Netflix (NFLX) is a winner, large technology companies can play here. What can we do for two things?' One, try to grow subscribers, and two, try to get advertising revenue. So that's where bundle comes in. But it's only going to be maybe a number 3 or 4. There's going to be a lot of players that are really not going to make it in this game, because it's just not as attractive as before. " For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Disney, WBD offer customers a new bundle: Here's what's in it
Disney (DIS) and Warner Bros. Discovery (WBD) are teaming up to release a brand new streaming bundle including Max, Disney+, and Hulu. Yahoo Finance's Alexandra Canal reports on the new joint venture and what consumers can expect from the bundle. Users of the new bundle will be able to choose between ad-supported and ad-free options. While the pricing remains unclear at the moment, Warner Bros. Discovery said the bundle will be priced attractively. The company explained that this latest partnership will drive business efficiencies while increasing customer retention. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl
- Yahoo Finance Video
Warner Bros. Discovery history: Beyond the Ticker
Warner Bros. Discovery (WBD) – a company with deep roots in the entertainment industry for over a century – was only formed a short two years ago. Beyond the Ticker takes a deep dive into the media giant’s history, as it grapples with legacy media challenges and looks to build its streaming business into a serious industry player. 1923 Warner Brothers was founded on April 4, 1923, and quickly built itself into one of the Big Five American studios, alongside Universal Pictures (CMCSA), Paramount Pictures (PARA), Walt Disney Studios (DIS), and Sony Pictures (SONY). 1966 The Kinney National Company was formed. Its media division became Warner Communications. 1982-1985 Discovery was founded as the Cable Educational Network. The Discovery Channel launched soon after in 1985. 1990 Warner Communications was established as Time Warner, following a high-profile merger with Time Inc., that created the largest media company at the time. 1996 Time Warner purchased the Turner Broadcasting System in a $7.5 billion deal. That led to the acquisition of assets like HBO, Cinemax, Warner Bros. Studios, CNN, and Turner Sports. 2018 Time Warner was acquired by AT&T (T) for $85.4 billion. It was renamed WarnerMedia. 2022 The two companies officially merged after WarnerMedia was spun off by AT&T, joining forces with Discovery in a deal valued at $43 billion. Trading began on the Nasdaq on April 11, 2022, under the new ticker symbol WBD. Shares opened at $24.08 per share. 2023 The joint company’s first major project – the streaming launch of Max – offered content from Warner Bros., Discovery Channel, HBO, CNN, Cartoon Network, Animal Planet, and more. But despite various profitability hurdles, Warner Bros. Discovery is still aiming for a top spot in the ever-evolving entertainment industry – with investors awaiting its next wave of innovation. From tech giants to retail titans, Beyond the Ticker is a historical series that takes a deep dive into some of Wall Street's trending companies and how they transformed into the financial icons they are today. Check out more of our Beyond the Ticker series, and be sure to tune in to Yahoo Finance. Editor's note: This video was produced by Zach Faulds.
