Anheuser-Busch’s controversial sponsorship of trans influencer Dylan Mulvaney in an advertising campaign for its beer brand Bud Light is just the most recent example of corporations championing progressive causes—and then having to backpedal when they discover that the message proves divisive. In an attempt to quell a backlash among Bud Light drinkers, Anheuser-Busch CEO Brendan…

LOS ANGELES—Walt Disney Co. edged past Netflix Inc. with a total of 221 million streaming customers and announced it will increase prices for customers who want to watch Disney+ or Hulu without commercials. The media giant will raise the monthly cost of Disney+ without advertising by 38 percent to $10.99 in December, when it begins…

Bob Iger, the former CEO of Walt Disney Co., has acquired a stake in Australian design company Canva, according to CNBC. More than 75 million customers use the company’s software every month. In addition, after raising funds in September, Canva is now valued at $40 billion. Talking about the new development, Canva spokesman Lachlan Andrews…

Walt Disney Co was trading about 1% lower on Thursday after falling in sympathy with Netflix, Inc on Wednesday, which plunged almost 40% after printing its first-quarter earnings. Disney’s decline on Wednesday began to pick up at 11:30 a.m. in reaction to a bear flag the stock had settled into on the four-hour chart. The…

In 2021, AT&T Inc. and Discovery Inc. agreed to merge AT&T’s WarnerMedia assets with Discovery Inc.’s platform to create a standalone global entertainment company, now known as Warner Bros. Discovery Inc. Analysts are now comparing the new media firm with The Walt Disney Co. Evercore ISI analyst Vijay Jayant upgraded WBD to Outperform from In-Line with a price target of $40, down from $45…

Loop Capitalanalyst Alan Gould lowered the price target on The Walt Disney Co. to $165 from $190 (19 percent upside) but kept a Buy rating on the shares. The analyst noted the performance of the company’s Parks business is “more than a reopening play,” boosting his operating income potential on the segment to over $6.5 billion versus the…

LOS ANGELES—Dark Western “The Power of the Dog” and a remake of “West Side Story” won the biggest awards on Sunday at a diminished Golden Globes ceremony held privately without the usual glitzy lineup of Hollywood’s top television and movie stars. Actors, directors and film studios largely ignored the Globes this year after criticism in 2021…

The Walt Disney Co believes that it can renew its distribution agreement with Alphabet Inc Google’s YouTube to keep ABC, ESPN, and several other networks on YouTube TV, Deadline reports. The current deal will expire on Dec. 17. “We are optimistic that we can reach a deal and continue to provide their YouTube TV customers…

News that Barclays analyst Kannan Venkateshwar downgraded Walt Disney Co. from Overweight to Equal-Weight with a price target of $175, down from $210, caught many investors by surprise and caused the stock to sink by 3 percent in Monday’s trading. What Happened Venkateshwar said this downgrade was justified based on a perceived slowing of the…

Walt Disney Chief Executive Officer Bob Chapek said on Tuesday the resurgence of the Delta variant of the coronavirus was delaying production of some of its titles. “Our TV group has hundreds of new programs in production … but the resurgence of COVID and Delta did impact some of our productions so that we’ve got…