Bloomberg Technology
Disney Streaming Adds More Subscribers Than Expected
Walt Disney Co. reported subscriber gains for its flagship streaming service that exceeded analyst estimates. Disney finished the second quarter with 137 million subscribers, up 33% from a year ago. Geetha Ranganathan of Bloomberg Intelligence is on “Bloomberg Markets: The Close.”
Bloomberg Technology
Micron Falls on Earnings and SpaceX Nabs a $210B Valuation | Bloomberg Technology
Bloomberg’s Caroline Hyde and Ed Ludlow break down Micron’s results which sent shares falling as its forecast failed to meet the loftiest AI-driven expectations. Plus, SpaceX notches a $210 billion valuation in its latest tender offer, and we go live to Santa Ana, CA as police raid a warehouse of suspected stolen merchandise bound for…
Bloomberg Technology
Block Added to Bloomberg’s “Ones to Watch” List
Bloomberg unveils its Ones to Watch list in finance and markets. Fintech company Block, known for financial services like Square and Cash App, made the list – shining a light on Amrita Ahuja, Block’s CFO and COO. She joins Ed Ludlow and Caroline Hyde on “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg Technology…
Bloomberg Technology
Webtoon and the IPO Landscape
Online comics company Webtoon priced shares in its US IPO at the top of a marketed range to raise $315 million. Jeff Thomas, Nasdaq executive vice president of its Corporate Platforms business, joins Ed Ludlow and Caroline Hyde to discuss what this means for the IPO landscape for the rest of the year on “Bloomberg…
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Pablo Contesti
May 11, 2022 at 9:27 pm
Aaaaaaaand it’s dead.
Ian Weetman
May 11, 2022 at 9:40 pm
It’s the only streamer that has a decent catalogue worthy of subscribing to… Even if I hold Netflix and Prime memberships as well!
Lynda Korner
May 11, 2022 at 10:18 pm
The smart money always knew that Netflix’s woes are particular to Netflix.
That seven-million figure is a big beat on the projections of analysts.
They were expecting about five million to be added this quarter.
Clearly, The Walt Disney Company should not have seen its valuation drop on the news of Netflix’s slowing and negative subscription growth.
Lynda Korner
May 11, 2022 at 10:19 pm
Disney has the potential to make far more money from streaming than the company gets from the cable bundle in three main ways.
The first is market share. Currently, for instance, while Disney does get the lion’s share of carriage fees from cable/satellite operators, Disney could capture more of those dollars through such things as 24-hour news channels that are based on ABC News and that are included with Disney+ (and Hulu) subscriptions.
The second is disintermediating the relationship with customers by eliminating the cable/satellite operators and other middlemen.
The third is the synergy that comes with other Disney businesses. Disney+ has the potential to do for The Walt Disney Company what Amazon Prime Video has done for Amazon.
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