Celebs in News
Phillip Schofield
Phillip Bryan Schofield (born 1 April 1962) is an English television presenter who works for ITV. He is currently the co-presenter of This Morning (2002–present) and Dancing on Ice (2006–2014, 2018–present) alongside Holly Willoughby. His other work for ITV includes All Star Mr & Mrs (2008–2016), The Cube (2009–2015), and 5 Gold Rings (2017–present). Schofield gained national attention working for the BBC, first as a continuity presenter for Children's BBC on weekdays from 1985 to 1987, then as a presenter on the children's Saturday morning magazine show Going Live! between September 1987 and April 1993.
Related Rumors
reports CEO Target Platform

Disney Shares Slump 8.5% After Announcing 4 Million Subscriber Loss, Plans to Remove Content

Reading now: 261

“certain content” from its streaming platforms as a cost-cutting effort, and said it would be producing “lower volumes of content.”Disney stock fell $8.94, or 8.8%, to $92.20, with nearly three times the number of shares traded in the first hour as in a typical full-day session.

It saw by far the largest decline of the 30 stocks in the Dow Jones Industrial Average amid a broad market slump that saw the index fall 1.1%.Disney stock hit an annual low $84.07 in December, and ended Wednesday’s session up 13.7% since the start of the year.After the markets closed Wednesday, the House of Mouse reported net income of $1.27 billion and adjusted earnings per share of 93 cents, topping Wall Street’s expectations for 89 cents per share.

Revenue for the quarter rose 13% year over year to $21.82 billion.While the company said its average monthly revenue per user leaped 20% in the first three months of 2023, thanks to its move to raise prices in December, it also announced that shed 4 million subscribers, a 4% drop during the period.

While lower marketing costs and the ARPU increase helped narrow Disney’s streaming losses, the subscriber figure fell well short of the 162.5 million Wall Street analysts had forecast.Deutsche Bank analyst Bryan Kraft lowered the firm’s price target on Disney to $131 from $135, keeping a “Buy” rating on the shares, according to TheFly.com The analyst also lowered his 2023 and 2024 estimates, but in a note to clients said he views the stock selloff as a buying opportunity.

Read more on thewrap.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News