Streetbeat News

Partnerships

DIS

Walt Disney has announced that Charter Communications will make Disney's direct-to-consumer services available for purchase by its broadband-only customers.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 3:42 pm

DIS

Walt Disney has announced that its direct-to-consumer service, ESPN+, will be included in the Spectrum TV Select Plus video package. The service will be available to Spectrum TV Select subscribers upon its launch.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 3:42 pm

DIS

Walt Disney Co has announced that its basic ad-supported offering of Disney+ will be included in Spectrum TV Select video packages. This is part of an arrangement between the two companies.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 3:40 pm

DIS

DKNG

MGM

PENN

DraftKings Inc (NASDAQ:DKNG) is expected to benefit from the start of the NCAA Football and NFL football seasons, according to Needham analyst Bernie McTernan. He notes that DraftKings starts the year in the top spot in the app store, similar to last year. McTernan also highlights the integration of the Yahoo fantasy sports app with BetMGM, a sports betting platform co-owned by MGM Resorts International (NYSE:MGM), and suggests that Penn Entertainment (NASDAQ:PENN) could follow a similar path with its new licensing agreement with ESPN, a unit of The Walt Disney Company (NYSE:DIS).

Portfolio Pulse from Chris Katje

September 11, 2023 | 3:38 pm

BYDDY

TSLA

XPEV

Tesla Inc (NASDAQ:TSLA) has doubled its market share in China's EV market to 13.2% in August, with sales boosted by lowered prices and increased production at its Shanghai plant. Meanwhile, Chinese EV rivals BYD Company Limited (OTC:BYDDY) and Xpeng Inc (NYSE:XPEV) are expanding to Europe. BYD launched its Seal electric sedan for Europe at the IAA Mobility motor show in Munich, while Xpeng revealed its plans to expand into Germany next year.

Portfolio Pulse from Upwallstreet

September 11, 2023 | 2:57 pm

TAP

Molson Coors Beverage Company (NYSE:TAP) has expanded its partnership with ZOA Energy, an energy drink brand co-founded by Dwayne 'The Rock' Johnson. The financial details were not disclosed. With this investment, ZOA will enhance its media and marketing to drive sales and expand distribution to international markets. Molson Coors will continue to be ZOA's exclusive distribution partner and will have a presence on its board. ZOA reported over $100 million in sales in 2022 and 138% YoY growth. Molson Coors' shares are trading higher by 2.04% at $64.94.

Portfolio Pulse from Shivani Kumaresan

September 11, 2023 | 2:56 pm

KKR

KKR & Co is set to invest ₹2,069.50 crore in Reliance Retail Ventures, increasing its equity stake from 1.17% to 1.42%. The investment values Reliance Retail at an equity value of ₹8.361 lakh crore. This is a follow-on investment by KKR, reaffirming its belief in the market opportunity and Reliance Retail's business model.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 2:53 pm

AZN

BABA

NVS

QCOM

RTX

SFTBF

UBS

WELL

Several major companies have announced significant developments. Qualcomm has signed a chip supply agreement with Apple, potentially boosting its stock. Vietnam Airlines is nearing a $10 billion deal with Boeing to acquire 50 Boeing 737 Max jets. Welltower has raised its FY23 FFO outlook due to strong capital deployment and senior housing business. Novartis' Sandoz has entered a development and commercialization agreement with Samsung Bioepis. RTX Corp is facing a $3 billion pre-tax charge due to a Pratt & Whitney engine problem. AstraZeneca's CEO, Pascal Soriot, is rumored to be stepping down. Alibaba is undergoing a leadership shakeup in its cloud business. A potential United Auto Workers strike could cost the US economy billions. Apple and Google are facing an antitrust showdown. UBS is planning to cut wealth-management jobs in Asia. Arm Holdings is considering boosting its IPO price.

Portfolio Pulse from Vandana Singh

September 11, 2023 | 2:51 pm

CHTR

DIS

Charter Communications (CHTR) and Disney (DIS) have reached an agreement, ending their carriage dispute. The deal was reported earlier by CNBC.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 2:50 pm

CHTR

DIS

Walt Disney Co (NYSE:DIS) and Charter Communications, Inc (NASDAQ:CHTR) stocks rose on Monday amid reports of the companies nearing a carriage deal that could end a cable blackout. The dispute, which began in August, left millions of customers without Disney TV channels, including ESPN, FX, and Disney Channel. DIS shares traded higher by 2.53% at $83.62, and CHTR shares traded higher by 3.16% at $435.76.

Portfolio Pulse from Anusuya Lahiri

September 11, 2023 | 2:44 pm