Disney to cut back streaming content as subscriber count slumps, CFO says
CFO Dive
MAY 11, 2023
Disney’s restructured content strategy comes as the company faces legal battles, a changing entertainment environment and the impact of AI.
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CFO Dive
MAY 11, 2023
Disney’s restructured content strategy comes as the company faces legal battles, a changing entertainment environment and the impact of AI.
PYMNTS
JANUARY 27, 2019
Reuters reported that in addition to exploring strategic alternatives, the company is currently working to restructure its outstanding debt, which was at $902.8 Justice Department to extend a deferred prosecution agreement, which paves the way for MoneyGram to restructure its debt. billion to look for strategic alternatives.
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DECEMBER 15, 2022
Discovery’s stock shed more than 7% after increasing its restructuring cost estimates by $1 billion. Madison Square Garden Entertainment — Shares rose more than 2% after Morgan Stanley upgraded the stock to equal weight from underweight. Warner Bros. Discovery – Warner Bros.
Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape
Outsourcing Vs. In-House: The Ultimate Battle For Better Collections
Maximizing Profit and Productivity: The New Era of AI-Powered Accounting
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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience
CFO News
MARCH 6, 2023
The Mumbai bench of the National Company Law Tribunal (NCLT), in two separate applications filed by the IndusInd Bank, has appointed Sanjeev Kumar Jalan and Mohit Mehra as resolution professionals for Zee Entertainment and Siti Network respectively. Jalan is a partner at BDO India in its restructuring practice.
CFO News
FEBRUARY 22, 2023
The Mumbai bench of the National Company Law Tribunal (NCLT), in two separate applications filed by the IndusInd Bank, has appointed Sanjeev Kumar Jalan and Mohit Mehra as resolution professionals for Zee Entertainment and Siti Network respectively. Jalan is a partner at BDO India in its restructuring practice.
PYMNTS
OCTOBER 12, 2020
Disney is restructuring part of its business to focus on video streaming, which is becoming increasingly popular, CNBC reported. 12) that it will be working to prioritize its streaming by centralizing its media and entertainment operations into one organization responsible for all content distribution, ad sales and Disney+, CNBC reported.
PYMNTS
OCTOBER 21, 2020
The entertainment startup produces original, short-form entertainment for smartphones and raised a total of $1.75 After unsuccessfully shopping around for a buyer, a restructuring firm hired by Quibi gave other options to the company’s board of directors. billion in pre-launch funding from 14 investors.
PYMNTS
SEPTEMBER 25, 2018
Today’s coverage includes a possible P2P payments offering from Google, along with virtual reality becoming airplane entertainment. The program makes Alaska Air the first airline in North America to trial the technology as an in-flight entertainment device. Sears CEO Wants t o Restructure Debt, Sell Assets.
PYMNTS
SEPTEMBER 28, 2020
You cannot restructure when revenues go to zero,” he told Webster, adding that for a number of retailers and restaurants, “that’s probably the biggest liquidity crisis.”. That’s a shift from traditional travel and entertainment (T&E), where people went to conferences or made sales calls. FinTechs To The Rescue?
PYMNTS
NOVEMBER 25, 2020
for example, has seen two rounds of layoffs coupled with a "wholesale restructuring" that booted workers who had been with the company for decades. Hollywood has seen mass layoffs at all levels of its hierarchy, Variety reports. Warner Bros. , AMC announced recently that it will be laying off 10 percent of its U.S.
PYMNTS
MAY 5, 2020
After adjusting for restructuring charges and other effects, Disney reported earnings of 60 cents a share, down from $1.61 It will also lose studio entertainment revenue from the lack of theatrical film releases. The company reported the second-quarter profit of its fiscal year at $460 million, or 26 cents a share, on sales of $18.01
PYMNTS
MAY 8, 2020
That window is closing soon, so if you don’t restructure now when people are more than willing to renegotiate, you’re going to be forced to go to them later.”. The department store model was built on providing for those who want to shop and be entertained. Next week could also see a shift toward mergers and acquisitions (M&A).
CFO Leadership
OCTOBER 10, 2022
Neighborhood – high end restaurants, gyms and other entertainment amenities. In addition, many landlords in these markets are willing to restructure leases to allow tenants to decrease footprint and rent in exchange for term extension.
PYMNTS
MARCH 22, 2018
After all, Larian heads up MGA Entertainment. after failing to restructure its debt or find a buyer, Reuters reported. If the effort were to be successful, Larian would see a large benefit. Nearly 1 in 5 sales of the company’s products are made in a Toys R Us store. The retailer has over 700 remaining locations in the U.S.,
PYMNTS
MAY 11, 2017
Through this site, suppliers and consumers are connected to enable a more streamlined approach to scheduling and paying for party items like entertainment and decorations. million loss in Q1, which included a one-time company restructuring monetary spend of $9.2 While the retailer reported a $4.7 percent for Q1 2017.
CFO News Room
JANUARY 18, 2023
To the extent that accountants mis-categorize expenses like leases and R&D, returns can be skewed, as can restructuring and one-time charges. Netflix, in particular, has upended how entertainment gets made, distributed and consumed, and in the process, drained value from established players.
PYMNTS
JULY 22, 2019
Rents have gotten so out of hand that one source revealed Barneys New York has hired restructuring advisers and is even considering a bankruptcy filing as it attempts to renegotiate the lease on its Madison Avenue flagship store and other locations. Its landlord raised the rent on the Madison Avenue store this year to $27.9 million, from $16.2
CFO Leadership
AUGUST 12, 2021
He has been part of numerous global and domestic companies with a great deal of restructuring and CFO management experiences. She has held various leadership finance and accounting roles with a specialization in the entertainment, media and technology industry in both large matrix organizations and start-up ventures.
Nerd's Eye View
AUGUST 1, 2023
What's unique about Brad, though, is how he helped his large multi-billion-dollar firm develop what they call business segments… which are essentially multiple niche specializations, each with their own advisor leader and team, all built upon their centralized investment management process and similar private wealth target clientele, but done (..)
PYMNTS
JULY 27, 2016
John Lennon and Paul McCartney sang that they got by with a little help from their friends, and when retailers are teetering on the brink of bankruptcy, the backing of a financially sound ally can mean the difference between restructuring and liquidation. Or so the story goes in this week’s Chapter 11 Watch. Bankruptcies.
PYMNTS
MARCH 6, 2020
Walmart is apparently working hard at restructuring itself to win, particularly in regards to how it manages it growing its eCommerce business — operationally and logistically. Restaurants, financial services, personal services, insurance, telecom and entertainment/recreation round out the rest of the top consumer spending categories.
Musings on Markets
FEBRUARY 27, 2022
To the extent that accountants mis-categorize expenses like leases and R&D, returns can be skewed, as can restructuring and one-time charges. Disruption's Dark Side : Among the bad businesses, note the presence of entertainment, a historically good business that has seen its business model disrupted, by new entrants into the business.
Future CFO
JULY 20, 2020
Long term: Firms that can convince consumers to buy into sharing more personal data, such as biometric or behavioural data, will deliver anticipatory experiences that predict their shopping, financial, and entertainment needs.
Spreadym
SEPTEMBER 12, 2023
Categorize Expenses: Group your expenses into categories, such as housing, transportation, utilities, entertainment, and so on. Internal Factors: Factors within the company, such as organizational changes, mergers and acquisitions, expansion plans, or restructuring efforts, can significantly impact budgeting.
PYMNTS
MAY 6, 2016
And that better way, care of Ziosk, is a 7-inch tablet with 22 hours of battery life and a Wi-Fi connection designed to be an all-in-one dining assistant and entertainment center for customers who are sitting at a table.
Barry Ritholtz
OCTOBER 21, 2024
Default rates are near zero now, fault rates are, are kind of skewed a bit because you, you do have perhaps in high yield, if you look at, you know, with these liability management exercises and other restructurings outta court, it doesn’t default. What’s been been keeping you entertained? So it does factor into it.
Barry Ritholtz
MARCH 5, 2024
I think those are the things that are gonna keep lawyers and restructuring advisors very busy for the foreseeable future. What’s been keeping you entertained either video or audio, Netflix or, or podcasts? What, what’s keeping you entertained? Do originations change? What about the refinancing of their debt?
Barry Ritholtz
MARCH 7, 2023
As we are going through this deglobalization process and restructuring of supply chains, there will be opportunities across the board in different industries to capitalize on this changes in the economic structure of different countries. Tell us what you did to stay entertained during the lockdown and afterwards.
Barry Ritholtz
SEPTEMBER 23, 2024
You know, when you look at something like a Bloomingdale’s, what you have to ask yourself is, Bloomingdale’s is restructuring. And at this point in time, the bankruptcy processes, the restructuring processes weren’t that well developed, right? It’s going through a bankruptcy, right? You have to price it.
Barry Ritholtz
MARCH 27, 2023
RITHOLTZ: So you were very actively involved in the restructuring of the airlines post 9/11. So there really wasn’t a whole lot of restructuring and distressed assets afterwards, or was there? But, of course, Lehman was a huge restructuring and bankruptcy liquidation — RITHOLTZ: Sill going on today, right?
Barry Ritholtz
JUNE 13, 2023
So as the market and the industry restructure, we’ll certainly be very opportunistic. It’s called FL Entertainment, great entrepreneur, Stéphane Courbit. What’s been keeping you informed and entertained, either podcast or Netflix or whatever? I strongly recommend and produce by our friend at FL Entertainment.
Barry Ritholtz
JULY 18, 2023
They just restructure their balance sheet, and if they’re smart, they restructure their operations as well to fix the issues that ultimately led them getting into bankruptcy. So we were, you know, we were trying to get that restructuring done in the depths of COVID. RITHOLTZ: So you mentioned the era was the early 2000s.
Barry Ritholtz
SEPTEMBER 5, 2023
MILLER: Yeah, the way to think of Florida, the way I think of it, without sounding like I work for the Tourism Board of Florida, is the real estate industry down there, because of work from home, is undergoing restructuring. What’s keeping you entertained? It’s highly entertaining, especially following the Elon Musk.
Musings on Markets
OCTOBER 18, 2024
In a report that it is required to file under the Hart-Scott-Rodino Act for the 2023 fiscal year, the DOJ listed out the number of merger challenges for the year (16), breaking them down into wins (1), consent agreements (4), ongoing litigation (1) and abandonments/restructured complaints (10).
Barry Ritholtz
SEPTEMBER 26, 2023
I’m not, I’m not really into fiction or, or entertaining reading. So we were kind of kept in a little bit of a bubble on the distress side, and, and I think we were always kind of the, the negative group within, within a, an organization that was quite equity focused and always looking for the, the, the upside opportunity.
CFO News Room
DECEMBER 19, 2022
Discovery continued its slide since announcing last week it was increasing its restructuring cost estimates by $1 billion. Carnival — The cruise line fell nearly 4% after an industry publication reported it canceled bookings for the Carnival Vista in early 2024 and is now set to drydock for just over a month.
Barry Ritholtz
DECEMBER 20, 2022
RITHOLTZ: So late ‘80s, early ‘90s, you’re a VP for an advisory firm that leads some sovereign debt restructurings and transactions in both South America and Central America. To lead the bank’s efforts in investing in sovereign debt restructurings and to bring our clients along was a great experience. KOENIGSBERGER: Yeah.
Barry Ritholtz
JUNE 20, 2023
And so, he knew that they were distressed and that they could be restructured and reorganized. What’s keeping you entertained? MORGENSON: He was the finance guy. RITHOLTZ: Right. MORGENSON: And so, he knew the numbers. He knew the companies. RITHOLTZ: Right. MORGENSON: And so, he buys this portfolio of junk bonds. RITHOLTZ: No.
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