Bob Chapek

One of the leading theme park companies in the world has seen its revenue recover after the lifting of COVID-19-related restrictions and park shutdowns. While revenue has turned around, the company’s share price has not, which might be a factor in a recent decision that won’t sit well...

The FTX saga continued to take the spotlight over the weekend after the past week’s disclosures and the subsequent bankruptcy filing by the cryptocurrency exchange. Crypto backers and bashers took to social media platforms and chatrooms to offer their take on the unraveling of FTX. As a new...

The Walt Disney Company (NYSE: DIS) saw shares hit 52-week lows last week after reporting fourth-quarter financial results. Could the strong box office performance of Marvel hit “Black Panther: Wakanda Forever” help boost the stock? What Happened: The highly anticipated sequel to the...

Amidst economic uncertainty, Walt Disney Co (NYSE: DIS) is reportedly planning to freeze hiring and cut some jobs. In addition, the media conglomerate has reported its quarterly results with an operating loss of $1.47 billion for its consumer segment.  The revenue for the company's...

The Walt Disney Co (NYSE:DIS) CEO Bob Chapek said on the company's fourth-quarter earnings call on Tuesday that the entertainment giant had reached a turning point in streaming. Why It Matters: Chapek said losses should narrow from this point and Disney+ is expected to be profitable by the end of...

Media giant The Walt Disney Company (NYSE: DIS) reported fourth-quarter and full-year financial results after market close Tuesday. Here are the key highlights. What Happened: Disney reported fourth-quarter revenue of $20.15 billion, up 9% year-over-year. The revenue total was shy of a Street...

The next time you visit a Walt Disney Co. (NYSE: DIS) park and take a ride, don't be surprised if you find that your experience has been replicated in your Disney Plus viewing history. What Happened: During The Wall Street Journal’s Tech Live conference, Disney CEO Bob Chapek said the...

DraftKings Inc (NASDAQ: DKNG) shares soared nearly 8.5% in the after-hours trading on the buzz surrounding a large partnership with Walt Disney Co.’s (NYSE: DIS) ESPN. What Happened: The agreement will allow ESPN to build on the increasingly popular sports-betting segment, reported Bloomberg...

A leading streaming platform is owned by two competing media companies. With a deal in place to transfer ownership, leading to a future transaction, things could become heated as a battle now takes place over the value of the platform and what’s next. What Happened: Streaming platform Hulu is...

More than 121 million people viewed at least part of the NFL's opening weekend slate of games, but ratings weren't the only thing getting a boost when the 2022 season officially kicked off. Several mobile applications saw increased usage and download volume over the...

After Walt Disney Co (NYSE: DIS) CEO Bob Chapek swatted investor calls for an ESPN spinoff over the weekend and noted that plans are in place for the future of the sports network, one investor jumped in and bought shares of the media giant.  What Happened: Virtus Investment...

Walt Disney Company (NYSE: DIS) wants to retain the ESPN sports television network despite activist calls to spin off or sell the unit, CEO Bob Chapek reportedly said in an interview with the Financial Times on the sidelines of the annual D23 conference held in California. Disney has been getting a...

Bob Iger led The Walt Disney Company (NYSE: DIS) from 2005 to 2020 as CEO. During his 15 years at the helm, he oversaw the company through several large acquisitions (Pixar, Marvel, Lucasfilm, 21st Century Fox) and also orchestrated the launch of the Disney+ streaming platform. Disney+ now competes...

Walt Disney Company (NYSE: DIS) is reportedly planning to ape a tried-and-tested route to rope in more customers for its multiple services. What Happened: Disney is considering launching a membership program, which could be something similar to Amazon Inc’s (NASDAQ:...

Activist investor Dan Loeb issued a letter to The Walt Disney Company (NYSE: DIS) CEO Bob Chapek and the company’s Board of Directors Monday. Loeb took a stake in Disney via Third Point and is seeking to have constructive engagement with the company. In the letter, Loeb congratulates ...