Tag: The Walt Disney Company

EconomyMarkets

Market Rally Fueled by Tech Gains and Trade Optimism; Disney Sees Price Target Boost

U.S. equities advanced Monday, led by a surge in Apple shares and optimism over moderated trade tariffs. Disney also rose after Citi lifted its price target ahead of quarterly results. Investors are bracing for a packed earnings week.

Broad Market Advances on Multiple Catalysts

U.S. stocks opened the week with significant gains, reportedly driven by a combination of strong performances in key technology names and renewed optimism in international trade relations. According to reports, the S&P 500 and Nasdaq Composite both climbed more than 1%, bringing the S&P within striking distance of its early October record close.

by Natalie Brooks
MediaStreaming

Disney Streaming Services See Subscription Cancellations Spike Following Kimmel Controversy

Subscription cancellation rates for Disney+ and Hulu reportedly doubled during the period surrounding Jimmy Kimmel’s temporary suspension. According to analytics firm Antenna, the surge coincided with Disney’s controversial decision to pull the late-night host. The data suggests the media giant may have faced significant subscriber backlash over the incident.

Streaming Cancellations Surge Amid Content Controversy

Disney’s streaming services experienced a significant spike in subscription cancellations following the company’s brief suspension of Jimmy Kimmel, according to recent data from analytics firm Antenna. The report indicates cancellation rates for both Disney+ and Hulu doubled between August and September, rising from 4% to 8% and 5% to 10% respectively.

by Sarah Collins