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Disney

Disney’s Streaming Profit Surprises Amidst Decline in Traditional TV Business

Leave a Comment / By / Media Entertainment & Art Community

Disney’s unexpected profit in its streaming entertainment division contrasted with a downturn in its traditional TV business and weaker box office performance, causing its shares to drop 6% before the market opening on Tuesday. The company’s streaming division, including Disney+ and Hulu, reported operating income of $47 million for the January-March period, a significant improvement …

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Sony Confirms Termination of $10 Billion Merger Deal with Zee Entertainment, Legal Battle Looms

Leave a Comment / By / Human Resource Community

Sony Corporation officially announced on Monday the termination of its proposed $10 billion mega-merger deal with Zee Entertainment, marking the collapse of the ambitious alliance that aimed to create India’s largest entertainment company. The agreement was intended to provide substantial financial prowess, positioning the unified entity to compete with global streaming giants like Netflix Inc. …

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Hotstar Breaks Records with 59 Million Concurrent Viewers for World Cup Final, Surpassing Previous Milestone

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Disney’s Hotstar achieves a groundbreaking milestone with 59 million concurrent viewers during a highly anticipated World Cup final cricket match in India. This surpasses the previous record of 53 million viewers set just a week earlier. With no significant cricket events in the near future, Hotstar is poised to maintain this record for at least …

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