4 Top Stories Affecting Dow 30 Consumer Stocks This Week
The Walt Disney Company (NYSE:DIS): Current price $
Disney Interactive and VEVO are collaborating to create premier family-friendly music experiences and the resultant partnership will include co-branded complementary destinations. For its part, Disney will feature videos from VEVO’s premium catalog of over 50,000 music videos on Disney.com and will also curate and program the family-friendly music video experience across VEVO’s online, mobile/tablet and connected TV platforms. VEVO is a top all-premium music video and entertainment platform.
Disney is looking for an exit of ESPN from the United Kingdom, says the Financial Times. The decision comes following BT (NYSE:BT) outbidding ESPN for the broadcasting rights to Premiere League football more than three years after it lost mobile rights when it was outbid to a rival offer from News Corp (NASDAQ:NWSA).
Investing Insights: Will Disney’s Magical Ride Continue?
George Lucas sold his Lucasfilm to Disney, but does not intend to divest his $2.02 billion stake in the company, says a spokeswoman, after a regulatory filing by the firm that permits the Star Wars creator to divest the stock at his discretion, says Bloomberg Businessweek. Lucas holds 37.1 million shares or 2.1 percent of Disney, according to a registration on Wednesday by the company.