Disney Invests $1B in OpenAI to Bring Iconic Characters to AI Videos
Disney is investing $1 billion in OpenAI and licensing characters like Mickey Mouse and Cinderella for AI-generated short videos on Sora, reshaping content creation.
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Netflix to Acquire Warner Bros. in Landmark $82.7B Deal
Netflix will acquire Warner Bros. Discovery in an $82.7B cash-and-stock deal, bringing HBO, major franchises, and iconic studios under Netflix’s global streaming umbrella.
Trump Opposition Sinks Tegna Stock as TV Merger Deal Faces Uncertainty
Tegna shares dropped 4% after Trump opposed FCC ownership cap changes, threatening Nexstar's $6.2B acquisition and creating turmoil in TV broadcasting consolidation plans.
Disney Q4 Earnings Miss Wall Street Targets; Big-Budget Films to Pressure Next Quarter
Disney's Q4 revenue of $22.5B misses analyst estimates. Upcoming Avatar and Zootopia releases expected to reduce Q1 earnings by $400M. Stock drops 4% despite streaming gains.
ESPN Switches Betting Partners: DraftKings is In, Penn is Out!
ESPN Bet (Penn) is out due to low popularity. ESPN switches to DraftKings as the exclusive betting partner starting in December.
Disney and Webtoon Team Up for a Super Digital Comics Universe!
Disney & Webtoon are building a new digital comics platform for Marvel, Star Wars & more, offering 35k+ titles with one subscription. Disney will invest 2% in Webtoon. Launching in Q4, it provides mobile access & boosts both companies.