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Disney Beats Wall Street’s Expectations With Strong Quarter (NYSE: DIS)
The Walt Disney Company reported strong results for the quarter as advertisers increased spending at cable networks, like ESPN, and consumers continued to purchase theme park tickets despite the difficult economy. The company, the world’s largest entertainment, leisure and consumer conglomerate, operates networks ESPN and ABC, a movie studio, and theme parks around the world.
The results for...
Media Deal Between Disney And Google’s YouTube Unit In The Works (NYSE: DIS) (NASDAQ: GOOG)
The Walt Disney Company and YouTube are planning a partnership that will help each of them increase their presence on the Web. The deal calls for Disney Interactive Media and YouTube to spend a combined $10 million to $15 million creating and distributing original video series.
The original video series will be produced by Disney and distributed on a co-branded channel on Disney.com and YouTube. ...
Disney Channel Coming To Russian Televisions (NYSE: DIS)
A nationally broadcast version of the Disney Channel will be introduced in Russia, according to an announcement by the Walt Disney Company. Russia is considered to be one of the world’s last big untapped entertainment markets. The company announced that a deal has been completed to acquire 49% of Seven TV, a broadcast channel that reaches about 40 million households, or nearly 75%, of Russia’s...