Tag: Disney

CEO’s of Spotify, Disney, NexTech AR, and Snap Discuss Augmented Reality, Streaming, and the New Mega-Trends Driving Entertainment Business

NEW YORK, Oct. 13, 2020 (GLOBE NEWSWIRE) — Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: Snap (NYSE: SNAP) NexTech AR Solutions (OTC: NEXCF) (CSE: NTAR) The Walt Disney Company (NYSE: DIS), and Spotify (NYSE: SPOT).

The entertainment industry is undergoing a sea change, as new technologies upend traditional revenue and distribution models. While streaming gets even bigger, new Augmented Reality and hologram formats are emerging as “the next big thing”. Wall Street Reporter highlights the latest comments from industry thought leaders:

Snap Inc. (NYSE: SNAP) CEO Evan Spiegel: “Overlaying New Experiences on World Through Augmented Reality”

“…We are working hard to overlay new computing experiences on the world through augmented reality. And the Snap Partner Summit showcased some of our latest AR products, including Local Lenses that allow people to share

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Investor Urges Disney To Spend On Streaming, Not Dividends

Activist investor Daniel Loeb on Wednesday urged Walt Disney Co. to skip paying an annual dividend and instead pour the $3 billion into hits for its streaming television service.

Loeb, founder of Third Point hedge fund, made his pitch in a letter to Disney chief executive Bob Chapek and the board of directors.

Loeb reasoned that skipping a few dollars per share in dividends, the entertainment giant could use the money to more than double its budget for content at Disney+ streaming service.

“Disney has built one of the largest streaming platforms in the world, already within the original 5-year Disney+ subscriber target range of 60-90 million,” Loeb said in the letter, a copy of which was obtained by AFP.

“To further capitalize on this transformational opportunity, we believe the company should permanently suspend its $3 billion annual dividend and redirect this capital entirely into content production and acquisition for

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Disney Plus Reveals GroupWatch Feature So You Can Watch WandaVision With Your Friends

Disney Plus rolled out GroupWatch to US subscribers this week, a feature that allows you to watch any show or movie on the service with friends and family, after rolling out to Canada and New Zealand earlier in September.

Disney Plus GroupWatch works a lot like similar features on other services, like Netflix Party and Amazon Prime Video Watch Party. You and up to 6 other people can sync your screens together to watch a show, sending emoji reactions along with the action in real time. Where GroupWatch stands apart is that you don’t need any extra apps to take advantage of it. Any device that can access Disney+, whether it’s through a website on your computer or an app on a phone or streaming device, can join in for a GroupWatch session.

Here’s how it works:

  • Open up your Disney Plus app or the website and pick out your
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Disney Shares Slump On Plans to Cut 28,000 Theme Park Jobs

Walt Disney Co.  (DIS) – Get Report shares slumped lower Wednesday after the entertainment giant said it would lay off tens of thousands of workers at its theme parks.

Disney said around 28,000 people will be affected by the decision, most of them part-time workers, following the closure of theme parks in California, and limited capacity elsewhere as a result of the global coronavirus pandemic. Third quarter revenues for the division, in fact, fell 85% from last year owing to the shutdowns.

“For the last several months, our management team has worked tirelessly to avoid having to separate anyone from the company,” Disney’s parks unit chairman Josh D’Amaro said in a letter to employees. “We’ve cut expenses, suspended capital projects, furloughed our cast members while still paying benefits, and modified our operations to run as efficiently as possible, however, we simply cannot responsibly stay fully staffed while operating

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As Disney Retreats, AT&T and Comcast Have Options

Comcast, the cable giant that acquired NBCUniversal’s TV networks, film studio and theme parks in 2013, is now the target of an activist shareholder, Nelson Peltz’s Trian Fund Management. The hedge fund is known for pushing needlessly bulky companies to slim down by shedding their weakest assets. In this case, that would be NBCUniversal as well as Sky, Comcast’s recently acquired European satellite-TV unit. Last year, AT&T also attracted an activist, Elliott Management Corp., concerned with the trajectory of its own satellite-TV and Hollywood assets. What the two campaigns appear to have in common is a desire to make better sense of a mishmash of businesses undergoing seismic change that have since been grievously affected by the pandemic. Disney, Universal’s theme-park rival, said Tuesday it would let go of 28,000 workers from its U.S. parks.

It all comes as the media moguls who erected the industry’s towering conglomerates exit the

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Disney confirms new ‘Lion King’ film with ‘Moonlight’ director

The Daily Beast

‘Fox & Friends’ Hosts Look On in Horror as Rudy Giuliani Blurts Out Biden Dementia Conspiracy Theory

Everyone knows that live television isn’t easy. Anything can go wrong—from a faulty connection, a verbal slip-up, or, as was the case on Tuesday morning’s Fox & Friends, Rudy Giuliani bellowing insane conspiracy theories at the nation with no obvious way to stop him.It’s always a risk to allow Giuliani to share his wildly unpredictable stream of consciousness live. The man who was named Time magazine’s Person of the Year for 2001 has long since been reduced to sharing the latest Trumpist conspiracy theories on any cable news channel that has the budget to cover any possible subsequent defamation lawsuits.This time, his F&F hosts looked on with visible horror in their eyes as Giuliani shared his completely baseless belief that Joe Biden is suffering from dementia. If you have the

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Watch Disney Plus with friends now with new GroupWatch feature — here’s how

On Tuesday, Disney Plus rolled out GroupWatch, a feature allowing subscribers to watch all shows and movies on the streaming service simultaneously with friends and family from afar, within the US. Up to seven people can sync their screens to watch together across web, mobile, connected TVs and smart TVs, and share emoji reactions in real time — just in time for the season 2 premiere of The Mandalorian next month. 

text: Disney Plus is rolling out a GroupWatch feature, so you can watch shows at the same time as your friends, wherever you are. Angela Lang/CNET

© Provided by CNET
Disney Plus is rolling out a GroupWatch feature, so you can watch shows at the same time as your friends, wherever you are. Angela Lang/CNET

GroupWatch is Disney Plus’s version of Netflix Party and Amazon Prime Video Watch Party, which gained popularity during coronavirus quarantines. Unlike those offerings, GroupWatch works natively across any device, with no extension or app necessary. However, it currently lacks a chat feature — instead, viewers can send emoji reactions to

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Disney Plus is rolling out GroupWatch feature to all US subscribers

Disney Plus is rolling out its party watch feature, GroupWatch, to subscribers in the US after previous testing in other countries this month.

Similar to Amazon Prime Video’s watch party function, GroupWatch allows a certain number of Disney Plus subscribers to host a private viewing party with friends and family members. GroupWatch will allow up to seven people with Disney Plus subscriptions to watch a title at once, according to the company. The feature, which The Verge previously reported was being tested in Canada, will be available for web, mobile, smart TVs, and connected TV devices like Roku and Amazon Fire TV users.

In an effort to make it as interactive as possible, GroupWatch will also give members the ability to react to scenes with six different emoji (funny, sad, surprised, etc.). People can also control playback controls (rewinding, fast-forwarding, pausing) for the entire group. Disney is far from the

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Disney Sells Ad-Tech Firm TrueX to Gimbal

Walt Disney Co.

has sold TrueX Inc., an advertising-technology company it absorbed as part of its $71.3 billion acquisition of 21st Century Fox assets in 2019, to Gimbal, a company that provides location-based technology and ad services.

Financial terms of the deal weren’t announced. Gimbal, the customer-facing name of PaeDae Inc., paid less than $100 million for TrueX, according to a person familiar with the matter.

TrueX is best known for offering video-ad technology that asks users to interact with an ad before viewing content in exchange for fewer or no commercials. Some publishers use TrueX ad formats before TV shows or long-form videos on their sites and apps.

TrueX has pitched its approach as a way to improve both ad effectiveness and the experience for web users, among them, long-form

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Diane Jurgens Joins Disney as CIO

Walt Disney Co. hired Diane Jurgens, a senior technology management exec with more than three decades of industry experience, as its new chief information officer.

Jurgens will start at Disney on Oct. 5 and report to McCarthy. Jurgens replaces Susan O’Day, who retired as Disney’s CIO and EVP of enterprise technology in January 2020.

Jurgens most recently served as CTO for BHP, a multinational mining, metals, and petroleum company based in Singapore. She previously held senior executive positions with companies in various industries including president and managing director of Shanghai OnStar Telematics Co., CIO for General Motors’ international operations, and as an executive at Boeing.

As Disney’s CIO, Jurgens will lead the company’s global Enterprise Technology organization, which includes enterprise business systems, infrastructure, workforce enablement, and enterprise resilience engineering. Her responsibilities also will include planning, prioritization, implementation and operations of Disney IT systems and infrastructure across the company.

“Diane is

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