“Star Wars: The Force Awakens,” the new installment of the iconic movie franchise is setting box office records — and showing that traditional forms of entertainment still have some kick. In an era when so many people are moving to newer platforms such as Netflix (NFLX) and Amazon.com (AMZN), old-media powerhouse Walt Disney (DIS) has demonstrated that the young turks don’t own a monopoly on the fine art of exciting audiences. In 2012, Disney
Walt Disney (DIS) disclosed late Wednesday that ESPN has lost 7 million customers in two years as cord-cutting ramps up and people switch to streaming services such as Netflix (NFLX), Amazon (AMZN) and Hulu. ESPN had 92 million subscribers as of Oct. 3, according to a Walt Disney SEC filing. That’s down from 95 million a year earlier and 99 million in 2013. Most other Disney cable channels lost ground, including ABC Family, Disney Channel and
The new Star Wars movie could be a force that lifts a lot of companies this holiday season: cinemas, toy makers, video game publishers … and big-screen theater firm Imax (IMAX). Rosenblatt Securities analyst Martin Pyykkonen on Monday reiterated his buy rating on Imax stock, based in part on the impact of Walt Disney’s (DIS) “Star Wars: The Force Awakens,” which opens Dec. 18. “The advanced domestic ticket sales for Disney’s ‘Star Wars: The