Disney is shutting down Disney Movies Online. Visitors to the site are being told that the hub is closing at the end of the year. Disney Movies Online wasn't a bad idea, but it turns out, not even the House of Mouse is big enough to support a streaming venture that streams only its own videos.
Rising enthusiasm for comic books has led some to view them as an investment like rare baseball cards or stamps. There's good reason for this: History shows that hard-to-find comics can command huge sums. But should you put your money in the hands of superheroes?
Disney posted mixed quarterly results after Thursday's market close. Revenue climbed just 3%, while net income soared 18%. But perhaps the most surprising nugget for Disney is that, of its five segments, theme parks continue to be its fastest growing segment.
Daily deals leader Groupon had one of the worst post-IPO performances of the past year: Since it went public last November at $20, it has shed roughly 80% of its value. But analysts expect a small profit out of Groupon when it reports on Thursday.
It has long been clear that GM would have to get creative to win back customers. Decades of shoddy cars drove off GM loyalists, and just as its cars started to get better, the economy tanked. But now GM has a plan to lure you back, and it involves a lot of help from Disney.
Disney set up a three-story castle made of ice in Times Square this week to introduce its new Limited Time Magic theme park campaign for 2013: The family entertainment giant plans to kick things up a notch at its Florida and California attractions by offering 52 weekly themed events.
After several weeks of lackluster showings, theaters were busy last weekend. Sony's Hotel Transylvania rang up $43 million in ticket sales, making it the largest September opening -- ever. The industry hopes to keep it going this weekend, relying on familiar franchises.
Disney just released this summer's blockbuster The Avengers for the home market, and it's likely to sell a ton of DVDs. But if it does, it'll be a rarity: DVD sales have been slowing for years now. That's bad for Hollywood, but it could be financially good for you.
Amusement park companies are climbing up the coaster hill, and investors are enjoying the ride. This summer, Six Flags stock hit a new all-time high. Shares of regional amusement park operator Cedar Fair hit a seven-year high on Wednesday. And Disney hit an all-time high on Thursday.
It's common to see a company beat analyst targets. It's another thing entirely to watch a company completely obliterate Wall Street's forecasts. Medical imaging and aviation security technology specialist Analogic blew past the prognosticators by a wide margin.
After a hot start this year, the multiplexes are emptying out again. Hollywood.com statistics show that attendance during the telltale summer season tallied 533 million moviegoers in North America, nearly 4% fewer than last summer.
The House of Mouse is about to get darker. Positive fan reactions to more violent superhero film interpretations, plus plans for a gruesome new video game, suggest grittier days ahead at Walt Disney.
It's not a small world after all for Disney. The family entertainment giant served up mixed financial results on Tuesday night, spearheaded by the most profitable quarter in the company's history.
DreamWorks Animation is buying Classic Media, owners of such famous characters as Casper the Friendly Ghost, Fat Albert, The Lone Ranger, Lassie, and Rocky & Bullwinkle, to name a few. Baby boomers and Gen-Xers: Prepare to see your childhood favorites on the big screen.
Between Christopher Nolan's Batman franchise and the Harry Potter series, Time Warner raked in more than $9 billion in box office receipts over the past decade. After The Dark Knight Rises ends its run, what hero will save movie theaters from the attack of the red ink?