NFLX - Disney Reported Improving Figures As It Continues To Seek For Its Comeback | Benzinga
Last Wednesday, The Walt Disney Company (NYSE: DIS) did its best to try to ease Wall Street's concerns. Although Disney did top earnings estimates as it narrowed its streaming losses and lifted its guidance, it is still operating in an embattled sector. But, this progress wasn’t enough to ease concerns so Disney also had to make quite a few big promises and shares rose about 7% in extended trading upon the report.
Disney Moves Deeper Into Gaming With Expansive Fortnite Universe In-The-Making
Last week, Disney revealed it will work together with Epic Games on creating an all-new games and entertainment universe. Along with this multi-year project, Disney will also acquire an equity stake in Epic Games for $1.5 billion. With joined forces, Disney and Epic Games will offer gamers and fans to create their own stories and experiences. Disney CEO Bob Iger promised both Disney and Fortnite communities that they will get to experience the worlds they love in groundbreaking new ways. Earlier in December, Disney’s biggest streaming rival Netflix Inc (NASDAQ: NFLX) also ...