Disney Ousts Bob Chapek, Robert Iger Returns as CEO

Business Iger returns to the entertainment company he left only late last year

Meta’s Meltdown Shows How Big Tech’s Invincible Era Is Over

For years, Facebook, Amazon, Apple, Netflix and Google—the revered FAANG companies—were great investments. But a brutal quarter has revealed that they’re no longer sure things.

Disney overtook Netflix as the streaming leader, and is expected to widen the lead

Walt Disney Co. displaced Netflix Inc. as king of the video-streaming market, and it is expected to widen the gap. Disney DIS, +0.33% seized the mantle three months ago as its potent content troika of Disney+, Hulu and ESPN+ reached 221 million customers, edging Netflix’s 220 million subscribers. Analysts expect Disney to report more than … Read more

Disney Pulls Star Wars Film ‘Rogue Squadron’ From 2023 Release Calendar

The picture is one of two the company removed from its schedule next year, according to a statement Thursday. The other was an untitled live-action movie. Disney added one film, “Next Goal Wins,” from its smaller Searchlight label. Another picture, “Haunted Mansion,” was delayed until Aug. 11 from its original March 10 release date. 

Disney, Coinbase, BioNTech, Rivian, and Other Stocks to Watch This Week

Text size Second-quarter earnings season continues this week, while a pair of July inflation figures and consumer sentiment surveys will be the highlights on the economic-data calendar. On Monday, Tyson Foods , BioNTech , AIG, and Take-Two Interactive Software will report. Coinbase Global, Norwegian Cruise Line Holdings , Sysco , and Ralph Lauren go on … Read more

Bollywood Is Threatened by India’s Other Movie-Making Powerhouse

(Bloomberg) — Bollywood has a serious rival now in India. It’s bigger, louder and is making more money than its prolific, glitzy Hindi-language cousin known for its signature dance moves and opulent wedding scenes. A new genre of films from southern India — epic, big-budget, over-the-top action flicks, some of them served with a dollop of toxic … Read more

Bids for India Cricket Rights at $5.8 Billion on 1st Auction Day

The auction started slow on Sunday as bidders navigated carefully through the e-auction process — this is the first time it’s being tried for the IPL — but heated up later, according to one of the people, who didn’t want to be named as the information is not public. Bidding was more intense for digital … Read more

ViacomCBS Is Changing Its Name. More Subscribers Joined, but at a Cost.

Text size ViacomCBS is changing its name to Paramount Global. Dreamstime ViacomCBS reported a very solid quarter of streaming-subscriber gains on Tuesday, but that growth didn’t come cheaply. The company ramped up spending on content and marketing for its Paramount+ and other services, depressing profits in the fourth quarter. Legacy TV and advertising businesses plugged … Read more