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DIS Jun 2024 40.000 call
- Yahoo Finance Video
Warner Bros. Discovery 'hopeful' for NBA deal
Warner Bros. Discovery (WBD) is reportedly at risk of losing NBA media rights to competitor NBCUniversal. Yahoo Finance's Alexandra Canal reports more on the story and what it could mean for Warner Bros. Discovery's future. In the company's earnings call, CEO David Zaslav said, "We've enjoyed a strong partnership with the NBA for almost four decades. We're in continuing conversations with them now, and we're hopeful that we'll be able to reach an agreement that makes sense for both sides." NBCUniversal is reportedly willing to offer more than double what Warner Bros. Discovery currently pays for the rights. Zaslav added that the company is able to match third-party offers before the NBA enters into any agreements and is prepared for the potential outcomes that could result in the process. Warner Bros. Discovery is currently facing a decline in its linear networks, with advertising revenue falling 11% year-over-year in the quarter. The company could face detrimental outcomes if NBC outbids it for NBA rights. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
- Benzinga
Roblox And Electronic Arts Are Struggling With Muted Player Spending
On Thursday, Roblox Corporation (NYSE: RBLX) dialed back its growth forecasts after its first quarter report reflected a slowdown in player spending due to an uncertain economic outlook and persistently high inflation. Upon the report, the shares of the metaverse giant slid more than 20% in early trading and closed 22% lower on the day. Earlier this week, Electronic Arts Inc (NASDAQ: EA) also provided a lackluster revenue forecast for the full year. Electronic Arts- miss and soft guidance. Elect
- Barrons.com
He Rebuilt Morgan Stanley. Now He’s Buying Disney Stock.
James Gorman, as Morgan Stanley’s CEO, convinced Moody’s in 2012 after about a dozen meetings to lower the bank’s credit rating by just two notches, rather than the three it was weighing, according to The Wall Street Journal. A disappointing forecast for Disney’s theme parks sent shares dropping 9.5% to close at $105.39 on Tuesday, when the company also provided mixed fiscal-second-quarter numbers. Only a month before, Disney and its CEO Bob Iger soundly defeated activist investor Nelson Peltz in a shareholder vote.
