Shares of Netflix slide amid investors' concerns over heightened competition for subscribers from Disney+.
Comcast rises after a Nomura Instinet analyst raises his price target on the cable giant to $44 from $41.
Disney unveiled Disney+, its family-friendly direct-to-consumer service, which will launch in Nov. 2019 at $6.99 per month. At launch, it will include 9 originals and a sizable library of shows and movies from Pixar, Marvel, National Geographic and more.
Long-serving CEO of Walt Disney Co. say's he'll leave post at end of current contract.
Plus, Disney could do serious damage to Netflix. Here's how.
As we see from Netflix, valuations can become much more extreme when streaming growth is accelerating.
American Media is in talks to sell the National Enquirer tabloid to California billionaire and Democratic donor Ronald Burkle, a report says.
Existing customers will get hit with the price increases as will new subscribers.
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