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Will low-cost, long-haul airline AirAsia X be able to rise from the depths of its debt despair, or will the pandemic kick the last nail in?
NEW YORK: Walt Disney Co estimated on Tuesday that global measures to contain the coronavirus pandemic cut profits by $1.4 billion, mostly from its shuttered theme parks, but said it would reopen Shanghai Disneyland to a reduced number of visitors next week.
LOS ANGELES: Walt Disney Co.’s new streaming service will cost $7 a month when it debuts Nov. 12, a gambit that the entertainment giant can undercut Netflix Inc. in an increasingly crowded field.
DISNEY always gets its happily ever after. Comcast Corp backed down from its pursuit of Rupert Murdoch’s 21st Century Fox Inc on Thursday morning, allowing Walt Disney Co to proceed with its own US$85.1bil acquisition of the assets, for which Disney has already obtained regulatory clearance (figure includes assumed debt).
NEW YORK: For decades, investors, analysts, busybodies, columnists and gossips have loved to chew over the ultimate media-dynasty question: When Rupert Murdoch was at long last forced to step down – whether for age, coup or scandal – which of his children would assume the throne of his vast empire? James or Lachlan or Elisabeth? Now we know the answer.
NEW YORK: Comcast Corp said on Monday it had abandoned its bid for most of the assets of Rupert Murdoch’s Twenty-First Century Fox Inc, leaving Walt Disney Co as the sole suitor in pursuit of the $40 billion-plus deal.
SAN FRANCISCO: Facebook Inc on Wednesday made its biggest move to date to compete in the television market by expanding its video offerings with programming ranging from professional women's basketball to a safari show and a parenting programme.
LONDON: 21st Century Fox Inc may announce a formal bid for Sky Plc as soon as today, people familiar with the matter said, and is hoping shareholders will accept its opening offer of £10.75 per share.
BEIJING: China's Xiaomi Inc took China's smartphone crown in the second quarter after the Beijing-based firm replaced Samsung Electronics Co Ltd as China's largest smartphone vendor, according to data from Canalys.