Disney results:
Last week's big story was about tech, starting with Disney, a stock recommended here back in September at ±$80.
Key financials: Linear networks revenue up 9%, Direct-to-consumer up 12%, Parks up 16% Direct-to-consumer still incurred a loss of $400 million Consumer products, content sales licensing, and ESPN performance discussed Overall, not a knockout result but not terrible; I remain a satisfied shareholderBig move in streaming sports! ⚾️🏀🏈
Disney, Warner Bros., and Fox are joining forces to create the ultimate sports streaming app, merging ESPN, TNT, and Fox Sports (WSJ).
ESPN alone was 18% of Disney's latest quarter revenue.$DIS $FOX $WBD pic.twitter.com/xSPBko0cMO
— App Economy Insights (@EconomyApp) February 6, 2024
Meta (formerly Facebook) Earnings: Advertising revenue up 24% year on year to 38.7 billion Other segments discussed, including Reality Labs (MetaQuest) Net profit $14 billion, up 35%; stock surged 20% Mark Zuckerberg's dividend income from the declared 50-cent dividend discussed Positive sentiments about Meta's performance, particularly in comparison to other tech giants Canal+ Offer for MultiChoice: Canal+ made an offer for MultiChoice at 105 Rand per share Market reaction, initial excitement, and stock movement Simon's caution about potential risks and timing of the deal MultiChoice's response: Board concluded the offer significantly undervalues the group Canal+ continued to buy MultiChoice shares, now owning 35.1% Discussion on the mandatory offer threshold and potential scenarios Regulatory considerations: Foreign ownership rules and competition commissions The price of the mandatory offer must be equal to;
