Disney+ takes on rivals in Middle East streaming market
Disney+ (DIS.N) launched its steaming service in the Middle East and North Africa on Wednesday, vying for market share in a region where the population is young but few people so far use such services.
Netflix feels the heat as pandemic boom fizzles
Netflix Inc (NFLX.O) shares lost more than a quarter of their value in premarket trading on Wednesday after the company reported its first drop in subscribers in a decade, leaving Wall Street questioning its growth in the face of fierce competition and post-pandemic viewer fatigue.
Amazon.com closes deal to buy MGM movie studio
Amazon.com Inc on Thursday said it had closed its $8.5 billion deal to buy MGM, combining the fabled moviemaker behind “Rocky” and James Bond with the online retailing giant as it looks to draw consumers through more streaming video.
Disney+ subscribers have climbed to 129.8 million
The number of Disney+ subscribers increased to 129.8 million, as did the number of park visits
Monopoly-maker Hasbro revenue surges as TV, film business bounces back
Toymaker Hasbro Inc (HAS.O) posted a better-than-expected 54% jump in quarterly revenue, helped by rising demand for its “Dungeons & Dragons” tabletop game, while its film and television production unit rebounded after a year of pandemic-led shutdowns.
Netflix growth plan tops Wall St watchlist as lockdown love fades
Netflix Inc’s (NFLX.O) plans to revive its slowing subscriber growth will be in focus when it reports second-quarter results on Tuesday, as lockdown binge-watching subsides and competition from Disney+ and HBO Max ramps up.
Wall Street edges up as U.S. bond yields stay tame
U.S. stocks closed out Wednesday’s session with modest gains as recent comments from Federal Reserve officials helped tamp down concerns about runaway inflation and kept bond yields in check.
Amazon snaps up James Bond owner MGM for $8.45 bln as streaming war heats up
Amazon.com Inc (AMZN.O) said on Wednesday it is buying MGM, the fabled U.S. movie studio home to the James Bond franchise, for $8.45 billion, giving it a huge library of films and TV shows and ramping up competition with streaming rivals led by Netflix and Disney+.
