RSS feedwalt disney
’Another good day for Disney
Like a modern day Aesop’s tale, Mickey Mouse is outfoxing a bull market.
The Walt Disney Company was the biggest mover on the Dow Jones on Wednesday, up a smidgen over two per cent at pixel time.
Snap news
Breaking pre-market news on Friday,
- British Airways pre-tax loss increases to £164m from £148m — statement.
- Anglo American reinstates dividend of $0.25 per share — statement.
- Vedanta Resources posts record $794m Ebitda — statement.
Green light for Disney’s Shanghai park
The Chinese government has approved an application from Walt Disney to build a theme park in Shanghai, paving the way for the US media company’s entry to mainland China. At an estimated cost of $3.5bn,
Disney to buy Marvel for $4bn
Walt Disney made the first move in a likely wave of consolidation in Hollywood on Monday with a surprise $4bn bid for Marvel Entertainment. The cash-and-stock deal is worth $50 a share based on Disney’s price on Friday.
Hollywood in $1bn 3-D push
A consortium of the biggest US cinema chains is closing in on a $1bn deal that will pave the way for a new generation of money-spinning 3-D movies, after securing provisional backing from three key Hollywood studios.