Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Disney reportedly shelves ESPN spinoff talks in major call under new CEO [FOX Business Network]

Walt Disney Company (The) (DIS) 
Last walt disney company (the) earnings: 2/4 04:05 pm Check Earnings Report
The Walt Disney Company is reportedly backing away from plans to spin off ESPN, shelving years of speculation that a standalone sports network could help offset the company's declining cable business. The decision marks one of the first major calls under CEO Josh D'Amaro, who stepped into the role in March. "Instead, the sports network will stay inside the media giant, which thinks its presence will help its pivot to streaming," sources said, according to Business Insider. However, the decision is not permanent, the outlet noted. While Josh D'Amaro reportedly indicated that he does not see a near-term path to a spinoff, he could revisit the option down the line as conditions evolve, according to Business Insider. In addition, Disney could still explore bringing in strategic partners to take minority stakes, similar to its sale of a 10% stake in ESPN to the NFL last year. The decision effectively cools down long-running rumors of ESPN potentially spinning off, which first ga Show less Read more
Impact Snapshot
Event Time:
DIS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for DIS alerts
Opt-in for
DIS alerts

from News Quantified
Opt-in for
DIS alerts

from News Quantified