- Investor's Business Daily
Disney Stock Rallies Ahead Of Earnings As Analysts Hail Rebounding Theme Park Traffic
Analysts lifted Disney stock price targets, citing rebounding theme park traffic. Disney earnings are early Tuesday.
- Reuters
Video streaming services see downloads, active users drop in April, BofA report shows
Video streaming services saw a drop in downloads and active users during April, a research note by Bank of America showed on Monday, citing data from Sensor Tower, likely pressured by heated competition in the segment and an uncertain economic outlook. Across all video streaming services, including Netflix , Paramount and Walt Disney, downloads and monthly active users (MAU) declined 4% in aggregate, according to the note. Netflix saw a decline of 6% in downloads and 8% in MAU, while Disney's downloads fell by 26% and MAU by 10%.
- Reuters
Disney and Comcast seek advisor to resolve Hulu valuation, sources say
Walt Disney and Comcast are seeking to hire a financial adviser to resolve a dispute over how to value the 33% stake in streaming platform Hulu that the former will acquire from the latter, according to people familiar with the matter. The move is in accordance with a deal the companies struck for Hulu last year. It is an action their contract foresees if JPMorgan Chase, which provided a fairness opinion on Hulu for Disney, and Morgan Stanley, which provided such an opinion for Comcast, are too far apart in their valuation assessments.
