7 Jun

Can Disney Survive Apple after Talent Loss?

WRITTEN BY Ruchi Gupta

Disney creative executive joins Apple

An executive who was working on Walt Disney’s (DIS) subscription video service, slated for launch this fall, has joined Apple, according to a Bloomberg report. Apple, Disney, and AT&T (T) are preparing to launch new streaming video services this year as they pursue digital subscription video dollars. According to the report, Chiara Cipriani left Disney and joined Apple to work on the company’s upcoming subscription video service known as “Apple TV Plus.” Cipriani spent about a decade at Disney. She was working on the company’s Disney Plus video service. Apple TV Plus and Disney Plus video services are both scheduled to launch this fall.

Can Disney Survive Apple after Talent Loss?

Talent competition

Disney’s executive joining Apple continues the competition for talent between technology and media companies. In 2016, Fox (FOX) sued Netflix (NFLX) for taking its creative executive. In 2018, Viacom (VIAB) sued Netflix for talent poaching. Viacom decided to sue Netflix for taking its executive even though Netflix is one of its major digital content customers. Viacom has a contract to produce Netflix shows, which boasts over 60 million subscribers across the US.

As the traditional pay-TV market shrinks due to cord-cutting, Disney has set its sight on the video streaming market. The global video streaming market was valued at $36.6 billion in 2018, according to Grand View Research estimates. The global video streaming market includes subscription and advertising sales. The market is poised to grow to $124.6 billion by 2025.

Latest articles

German chip maker Infineon Technologies has reportedly raised 1.55 billion euros (~$1.74 billion) in capital by selling its shares to fund its acquisition of Cypress Semiconductor (CY). Infineon has sold ~113 million new shares at 13.70 euros each.

As of June 18, Dunkin’ Brands (DNKN) was trading at $80.07, an 8.9% rise since reporting its first-quarter earnings on May 2. Also, DNKN was trading at a premium of 29.8% from its 52-week low of $61.69 and a discount of 1.6% from its 52-week high of $81.40.

19 Jun

Are Lower Oil Prices Weighing on ExxonMobil Stock?

WRITTEN BY Maitali Ramkumar

ExxonMobil (XOM) stock has fallen 7.1% in the second quarter so far. Let's review ExxonMobil's stock performance in comparison to oil price changes and equity market movements in the quarter.

19 Jun

As Facebook Unveils Libra, MSFT and CRM Join a Blockchain Group

WRITTEN BY Mayur Sontakke, CFA, FRM

On June 18, Facebook (FB) launched Libra, its own cryptocurrency. On the same day, CoinDesk published another piece of blockchain news that didn’t receive as much fanfare as Facebook’s Libra news. Was the timing a coincidence? We think not.

Uber Technologies (UBER) has picked Melbourne as another test site for its flying taxi service known as UberAir. The Australian city is the first international test site Uber has chosen for its flying taxi service. The addition of Melbourne brings the number of test locations Uber has picked for its UberAir service to three.

Lyft (LYFT) and Uber Technologies (UBER) are pushing back against California legislation that would require them to recognize their drivers as employees rather than independent contractors. The legislation would require companies like Lyft to give their drivers the compensation and benefits spelled out under California’s employment regulations.

172.31.16.229