Thanks to Hulu, Disney lost $580 million last fiscal year

The streaming media business is tough. Disney, which has a 30 percent stake Hulu, saw losses of $580 million last fiscal year, according to an SEC filing. This was, the SEC filing states, “primarily due to a higher loss from our investment in Hulu, partially offset by a favorable comparison to a loss from BAMTech […]

View More Thanks to Hulu, Disney lost $580 million last fiscal year

Consolidation is coming to gaming, and Jam City raises $145 million to capitalize on it

A slew of banks are coming together to back a new roll-up strategy for the Los Angeles-based mobile gaming studio, Jam City and giving the company $145 million in new funding to carry that out. There’s no word on whether the new money is in equity or debt, but what is certain is that JPMorgan Chase […]

View More Consolidation is coming to gaming, and Jam City raises $145 million to capitalize on it

‘Captain Marvel’ has highest first day ticket sales of any Marvel movie — except for one

Captain Marvel, the hero poised to save our Avengers post-Infinity War, is already proving herself one of the strongest Avengers with a first-day pre-sale record on Atom tickets. In its first 24 hours of ticket sales, Captain Marvel beat out Deadpool…

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Amazon hires Disney SVP Kyle Laughlin as Director of Alexa Gadgets

Amazon has hired Disney SVP Kyle Laughlin to head its Alexa Gadgets division, TechCrunch has learned. Laughlin spent eight years at Disney, most recently as the SVP and General Manager of Games, Apps and Connected Experience at the entertainment giant’s Consumer Products and Interactive Media division. According to his LinkedIn profile, the role found Laughlin […]

View More Amazon hires Disney SVP Kyle Laughlin as Director of Alexa Gadgets

Kano will start releasing Star Wars and other Disney-branded products later this year

Educational computing kit company Kano announced today that it has signed a two-year licensing deal to create Disney-branded products later this year. Details are still pretty scant on how precisely the deal with Disney’s Parks, Experiences and Consumer Products will take shape, but the first product looks to be a Star Wars-themed kit due out […]

View More Kano will start releasing Star Wars and other Disney-branded products later this year

Disney quietly shut down Babble, the parenting blog it once acquired for $40M

As Disney gets closer to launching a shiny new video service and continues to ramp up efforts in other new streaming areas like gaming, it looks like it might be winding down one of its more legacy bets. Babble, a parenting blog that Disney acquired reportedly for about $40 million to help it target hipster parents, […]

View More Disney quietly shut down Babble, the parenting blog it once acquired for $40M

Audi partners with Disney to entertain car passengers with VR

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Audi is getting into the entertainment business — well, sort of…

The car-maker is collaborating with Disney Games and Interactive Experiences this week at CES to demonstrate how a car’s backseat can be more than just a place to hangout while you travel to your final destination.

Using a virtual reality headset in this limited-run experience, passengers could shoot lasers at asteroids and drones, and fly through space with Marvel’s Rocket Raccoon guiding them around.

Iron Man also makes an appearance and flies alongside the car. But this isn’t simply sticking on a headset and pressing play — the VR world matches what’s happening with the car in the real world. If the car turns, so does the rocket ship. You brake suddenly, so does the game.  Read more…

More about Gaming, Disney, Marvel, Vr, and Audi

View More Audi partners with Disney to entertain car passengers with VR

Disney’s Star Wars Land could open in June, says CEO Bob Iger

We know Disney’s Star Wars Land (or “Galaxy’s Edge,” if we’re being formal) is opening sometime in summer 2019. But that’s about as exact as anyone at Disney would get. The rumors said June. Now, it seems, so does Disney CEO Bob Iger. Iger casually dropped the June target in an interview with Barron’s (as […]

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Disney’s box office topped $7 billion in 2018 and half of it was Marvel movies

In 2009, Disney paid $4 billion to acquire Marvel. Less than 10 years later, in 2018, Marvel movies accounted for more than half of Disney’s $7.3 billion box office haul.
I’d say that was a good investment, wouldn’t you?
SEE ALSO: ‘Aquaman’ overtakes…

View More Disney’s box office topped $7 billion in 2018 and half of it was Marvel movies