Comcast is in discussions to buy DreamWorks Animation SKG Inc. in a deal valued at around $3 billion, the Wall Street Journal reports.
Comcast has entered into an agreement with The Walt Disney Company to sell the studios feature films digitally through its Xfinity On Demand transactional store.
After declining by around 7.2 million subscribers over the last three years, ESPN's audience erosion has abated, at least for now, said Bob Iger, CEO of parent corporation, the Walt Disney Company.
Cable network ABC Family went ahead with its planned rebranding and changed its name to Freeform. In tandem with the new moniker, ABC launched a mobile app that features the first two episodes of the network's newest series, Shadowhunters.
Despite a steady stream of bad news about its subscriber metrics in 2015, ESPN appears poised to grow its advertising revenue in 2016.
Despite the record-breaking $517 billion worldwide performance of its new Star Wars movie, the Walt Disney Co. finds itself once again reeling on Wall Street due to the struggles of its suddenly faltering ESPN networks.
The Walt Disney Company this week introduced a new SVOD service in the UK called DisneyLife, which offers monthly subscribers a collection of Disney-owned movies, books, music and TV shows. A family account that supports up to six different users costs £9.99 per month, and the service will initially be available in the UK.
After kicking off a wave of cord-cutting anxiety and media-stock bloodletting on Wall Street in early August by lowering its guidance for ESPN, Walt Disney Company chief executive Bob Iger had more reassuring news during his conglomerate's fourth quarter earnings call.
ESPN's YouTube channels are going dark amid the launch of Google's new YouTube Red subscription platform.
ESPN confirmed today that will lay off about 300 employees, or about 4 percent of its 8,000-member workforce.