Disney (DIS)

Disney (DIS)

Chief Executive Bob Iger said an exodus of consumers from its television channels was slowing thanks to the growth of smaller channel bundles delivered online. Iger further suggested that Disney has seen "noticeable improvement in the rate of (subscriber) loss in each of the last four quarters."

Overall, Disney posted earnings of $1.87 per share excluding certain items, an increase from a year earlier, but below Wall Street expectations for $1.95. Total revenue rose 7 percent to $15.23 billion, but missed analysts' average forecast of $15.34 billion. Quarterly net income attributable to Disney rose to $2.92 billion, or $1.95 per share, from $2.37 billion, or $1.51 per share, a year ago.

Walt Disney may have to offer more than 14 pounds a share to buy UK pay-television group Sky after Britain's Takeover Panel said it had confirmed its ruling. Disney would only be forced to make such an offer if it completes a deal to buy Twenty-First Century Fox's TV and film assets. US media giant Comcast’s offer of £14.75 per Sky share, equivalent to £26bn, currently leads the bidding but Fox, which has offered £14 and is effectively controlled in the process by Disney, has more than a month to respond.

EU regulators have set a deadline of October 19th for a decision on the proposed $71.3B merger between Disney and Twenty-First Century Fox.

EU competition watchdog has postponed its decision on the merger between Disney and Twenty-First Century Fox following an offer of additional concessions designed to address regulatory concerns.

The commission is said to be seeking feedback from customers and rivals ahead of the revised November 11th deadline.

Disney has caught a bid thanks to strong demand for Endgame. Analysts expect the full haul to exceed all previous records.