Disney will dump 'cash cow' ESPN and ABC in late 2023, Wells Fargo predicts
Wells Fargo bank analysts are predicting the return of Walt Disney CEO Bob Iger will lead to a spinoff of ESPN and ABC.
Source: foxbusiness.com
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Tesla shares suffer worst year ever. And 2023 looks bad, too
Analysts reassess their outlook for Tesla given the stock’s free fall, more modest earnings expectations and the overall reset in valuations of growth companies.
Source: latimes.com
Former Disney chief Bob Chapek ousted after CFO worked behind his back, report say
Former Disney CEO Bob Chapek was reportedly ousted and replaced following actions by the company's Chief Financial Officer, Christine McCarthy, and other executives.
Source: foxbusiness.com
Disney World announces ticket price hike, more changes
Walt Disney World announced that the park is raising ticket prices at Magic Kingdom, EPCOT, Hollywood Studios and the Animal Kingdom.
Source: foxbusiness.com
Ad-supported Disney+ subscription option rolls out in US
The Walt Disney Company on Thursday announced that the new ad-supported subscription option in the U.S. for its Disney+ streaming platform has now rolled out.
Source: foxbusiness.com