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GTN

Gray Television (GTN) has expressed support for the newly announced streaming service by Disney, Fox, and Warner Bros. Discovery (WBD), highlighting its potential to expand the reach of local broadcasting stations. The service aims to attract sports fans without pay-TV subscriptions.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 10:21 pm

DIS

Disney announced in a conference call that it will offer a stand-alone ESPN streaming option starting in the fall of 2025. This move is part of Disney's broader strategy to expand its digital content offerings and adapt to changing consumer viewing habits.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 10:16 pm

DIS

Nick Saban, a renowned figure in football, has joined ESPN and will contribute to the network's NFL Draft coverage. This move is expected to enhance ESPN's draft coverage by leveraging Saban's expertise and insights into the game.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:53 pm

RKLB

Rocket Lab has scheduled its 'On Closer Inspection' mission for a launch within a 14-day window starting February 19. This event marks a significant step for the company in its space exploration and satellite deployment endeavors.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:46 pm

DIS

Disney announced a $1.5 billion investment in Epic Games, marking its largest foray into gaming, alongside mixed Q1 earnings. The collaboration will explore new games and an entertainment universe featuring Disney's franchises. Q1 revenue was flat at $23.5 billion, missing estimates, but adjusted EPS of $1.22 beat expectations. The company highlighted cost savings and a $3 billion buyback plan, expecting a 20% EPS growth for the full year. Disney's DTC segment showed improvement, reducing losses and projecting subscriber growth.

Portfolio Pulse from Chris Katje

February 07, 2024 | 9:44 pm

DIS

Taylor Swift's Eras Tour concert film will be available exclusively on Disney+ starting March 15, according to Reuters. This move could attract a significant number of new subscribers to the platform, leveraging Taylor Swift's massive fan base.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:38 pm

CMG

CP

GOOG

GOOGL

HHH

HLT

LOW

QSR

Bill Ackman is launching Pershing Square USA, a new fund aimed at retail investors, to be listed on the NYSE if approved. This move democratizes access to Ackman's hedge fund strategies, known for an average 31% annual gain over five years. Pershing Square's largest investments include CMG, QSR, HLT, HHH, LOW, GOOG, CP, and GOOGL, reflecting Ackman's focus on durable growth companies in North America.

Portfolio Pulse from Piero Cingari

February 07, 2024 | 9:24 pm

ARM

Arm Holdings Plc. (NASDAQ:ARM) shares surged after reporting Q3 earnings of 29 cents per share and sales of $824 million, surpassing analyst expectations. The increase was attributed to higher royalty revenue from Armv9-based chips and strong demand for advanced CPUs, leading to a 96.7% gross margin. CEO Rene Haas highlighted growth in cloud server and automotive sectors and AI-driven licensing growth. Arm forecasts Q4 earnings and revenue above estimates and raises its FY2024 outlook.

Portfolio Pulse from Erica Kollmann

February 07, 2024 | 9:22 pm

DIS

Disney has announced a $1.5 billion investment in Epic Games, the creator of Fortnite, to collaborate on new content. This strategic partnership aims to leverage Disney's extensive media and entertainment portfolio with Epic's gaming and technology expertise.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:13 pm

DIS

Hulu experienced a growth of 1.2 million subscribers in the latest quarter, while Disney+ saw a sequential decrease of 1.3 million in its core subscriber base. This mixed performance in subscriber numbers reflects varying consumer preferences and market dynamics affecting Disney's streaming services.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:11 pm