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Warner Bros. Discovery share price, already in the dumps, has tumbled another 11% this morning after the company's latest quarterly numbers showed weak linear advertising and a struggling studio. But the clincher for investors may be what it didn't show — a full-year 2024 forecast. The stock is…

Powered by its artificial intelligence assets, Microsoft has leapfrogged Apple to become the most valuable public company. According to Bloomberg, Microsoft’s market value finished the week at $2.88 trillion, compared with Apple’s $2.86 trillion. Over the past year, Microsoft has added about $1…

Disney is poised to be the top entertainment industry beneficiary of a potential improvement in U.S.-China relations, according to a veteran Wall Street analyst. On the occasion of talks in California this week between China’s Xi Jinping and President Biden, Tim Nollen of Macquarie singled out…

Paramount Global shares fell nearly 9% midway through the trading day after veteran media analyst Jessica Reif Ehrlich delivered a harsh verdict on the stock. The BofA Securities analyst downgraded the stock to “underperform,” or sell, in a blistering note to clients whose headline declared that…

UPDATED with closing price. Netflix shares came roaring out of the gate Thursday and never wavered amid a wave of Wall Street enthusiasm about its latest quarterly earnings report. The stock closed at $401.77, up 16%, on nearly five times normal trading volume. The dramatic upswing, the biggest…

Just as this summer’s New York City wildfire smoke, Los Angeles’ hurricane and sneaker-melting heat have brought home the reality of climate change, the Disney-Charter carriage battle is foregrounding the fragility of the pay-TV bundle. Charter’s Spectrum TV service is in its fifth day of darkness as…

Netflix’s resurgent stock rose another 3% through mid-day Tuesday, continuing to recoup losses from a major 2022 correction as several Wall Street analysts upgraded their outlook on the company. Positive early signs from a new password sharing plan, along with the potential for advertising, have been…

Disney shares slid into red numbers Thursday after jumping 5% earlier in the day on the news that activist investor Nelson Peltz has ended his proxy fight with the company. The stock finished at $110.22 on more than triple its normal trading volume. Disney shares have nevertheless risen 24% in 2023…

Netflix stock closed the week at its highest level since last April, rising more than 8% Friday to end at $342.50 after the company reported strong subscriber growth and executed a smooth handoff atop its executive ranks. A darling of investors for most of its two-plus decades of public trading…

U.S. stocks just wrapped their worst year since 2008 with media and tech leading the downward spiral. Streaming got messy, linear TV declined, a theatrical recovery sputtered, inflation, interest rates, unemployment and geopolitics turned ugly, recession jitters hit advertising, and M&A mostly ground to a…

Shares in Netflix, Warner Bros Discovery and AMC Networks were among the top gainers in a so-called “Santa Claus rally” today near the conclusion of a rough year for media and tech stocks. The tech-heavy Nasdaq finished the day up 2.6% to finish at 10,478.09, but it remains on track for its worst…

UPDATED with closing stock price: Disney stock closed at $86.75 a share, down more than 13% as investors punished the company for its disappointing quarterly earnings report and weak earnings forecast. The single-day plunge was the biggest for Disney shares since the onset of Covid in the U.S. in…