US News: Elon Musk CEO of Tesla and owner of X (previously known as Twitter) on Wednesday expressed his intent to purchase shares of Disney (DIS) if activist i
Walt Disney Co: Trian may still be able to claim a financial win at Disney, given that the company s shares have gained nearly 50% since early October when Peltz said he was planning a fresh push for seats. Over the last few months, Disney unveiled a string of changes as it sought to win back investors confidence, including a splashy investment in "Fortnite" maker Epic Games and plans to launch an ESPN streaming service in 2025. It also refreshed its board with two new members.
Disney has significantly reduced losses in the streaming business in the past quarter, the company said on Wednesday as it released its latest results. Disney's streaming division posted operating losses of $216 million after a loss of just over $1 billion a year earlier. The group also benefited from growth in its theme parks and cruises division. Wall Street's focus is on the change in the entertainment giant's media business. The cable TV business in the US, which has been a reliable money ma