"The pricing is going to be in the higher ranges of what people have talked about," Fox CEO Lachlan Murdoch said of the sports streaming service Fox is launching with Disney's ESPN and Warner Bros. Discovery.
Disney (DIS) has received a price target upgrade from Morgan Stanley. The firm raised its price target for the entertainment giant from $110 to $135 per share, reflecting a bullish outlook on the company's future prospects. This lift was fueled by promising signs in Disney's streaming endeavors and anticipated growth in its theme park revenues. Yahoo Finance's Madison Mills shares the latest developments. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Billionaire U.S. investor Nelson Peltz on Monday said media and entertainment company Walt Disney had gambled away a "winning hand" and blamed "poor oversight" from its board, which he wants to be elected to next month. In a 133-page-long presentation, the founder of Trian Fund Management argued that Disney was slow to adapt to industry changes including streaming, made errors in its acquisition strategy and bungled succession planning, leaving a "leadership void." Trian is pushing for two seats on Disney's board and said Peltz and former Disney Chief Financial Officer Jay Rasulo are the right candidates to bring fresh blood to the boardroom.