Reliance Industries, controlled by Asia’s richest tycoon Mukesh Ambani, is nearing a cash and stock deal to buy Walt Disney‘s India operations, according to people familiar with the matter. The US entertainment giant may sell a controlling stake in the Disney Star business, which it values at around $10 billion…
Large media companies have been reporting stronger-than-expected profits as the twin strikes by Hollywood writers and actors grind on. While the executives who make and distribute films and TV shows all say they’d like their workers to return soon, their businesses are seeing a huge short-term benefit from the work…
Walt Disney‘s India streaming service plans to start enforcing a policy of allowing its premium users to login from only four devices, an effort aimed at limiting password sharing in a key market, two sources with direct knowledge said. Disney‘s plan comes just as streaming rival Netflix in May started…
Netflix’s recently launched ad-supported tier reaches nearly 5 million active users per month, executives said on Wednesday in a pitch that emphasised the breadth of its programming to potential advertisers. The streaming video pioneer launched a $7-per-month (roughly Rs. 500) option with commercials last November in 12 markets, including the…
Bob Iger’s return as CEO of The Walt Disney Company has Jim Cramer bullish on the Mouse House, but critics of the CNBC investment maven say that’s as good a reason as any to bet that the stock price is going to fall. “Disney, pay 98 if you can. That…
Netflix reversed customer losses and provided a slightly more bullish outlook than Wall Street expected, projecting a new ad-supported streaming option would help attract 4.5 million subscribers by year’s end. From July through September, Netflix attracted 2.4 million new subscribers worldwide, more than double the 1.07 million consensus forecast of…
The Walt Disney Company appears to be interested in expanding its Web3 presence as the company is looking to hire “experienced corporate lawyers” to work on “developed technologies”, including non-fungible tokens (NFTs), blockchain, metaverse, and decentralised finance (DeFi). According to the job posting, the Corporate Transactions Group, within the Legal…
Ethereum layer-2 scaling solution Polygon is one of six companies that will take part in Disney’s accelerator program this year. The program will see Disney provide guidance from its leadership team and offer a dedicated mentor. Each participant will also attend a Demo Day at Walt Disney Studios in Burbank,…
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