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Disney scrambling for growth drivers with WBD bundle: Analyst [Yahoo! Finance]
Last charter communications, inc. - class a earnings: 5/1 07:00 am
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US:NASDAQ Investor Relations: ir.charter.com
The bundle is set to launch sometime in the summer and will mark the first cross-company partnership in streaming. CFRA Research Director of Equity Research Ken Leon and Third Bridge Sector Analyst Jamie Lumley join Market Domination to discuss the advent of a Warner Bros. Discovery and Disney partnership and how it can impact the streaming landscape. Lumley comments on Disney's profitability and search for growth with this deal: "They are now at profitability in their entertainment streaming segment ... they are roughly on schedule for the profitability metrics they set out when they launched Disney+ back in 2019. But they're definitely scrambling for growth drivers here. If you look at the subscriber additions they had, there were 6 million core Disney+ subscribers added. But a lot of that is attributed to the Charter Communications ( CHTR ) deal, which was set up last year. And there could be some softness going forward." Leon offers this insight on the streaming landscape as
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- 5/17/24 - Form 144
- 5/10/24 - Form 8-K
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