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'Disney' Articles

Disney Facing 'Resistance' From Turner in Effort to Get TV Rights of 'Star Wars' Films for Streaming Service

It's been nearly one year since Disney announced that it will pull all of its movies from Netflix and launch its own streaming service in late 2019, including both TV shows and movies from Marvel and Star Wars. This week, however, Bloomberg reports that the company is facing troubles with the TV rights to the Star Wars film franchise, dating back to a deal it made with Turner Broadcasting in 2016. Under that agreement, Turner gained the linear basic cable and companion ad-supported on-demand rights to five of the six Star Wars films released between 1977 and 2005 (The Empire Strikes Back to Revenge of the Sith), as well as the new films that began releasing in 2015 (as of now including The Force Awakens, Rogue One: A Star Wars Story, The Last Jedi, and Solo: A Star Wars Story). With these rights, which also includes A New Hope rights inked in a deal with 20th Century Fox, Turner has been airing the Star Wars movies on networks like TNT and TBS, and its deal with Disney grants it the ability to keep doing so until 2024. Now that Disney is planning its own dedicated streaming service, however, the company wants these rights back so it can be the sole location for users to find and stream the entire Star Wars canon. To do so, Disney has made a "preliminary inquiry" about regaining the rights, but has "met resistance" from Turner, according to people familiar with the matter. Turner would reportedly want financial considerations and programming to replace the Star Wars films it would lose, but the talks have yet to advance. If Disney doesn't get the rights back, its

Shareholders Approve Disney's $71.3B Acquisition of Fox as Deal Enters Final Stages

One week after Comcast officially bowed out of the bidding war for 21st Century Fox's entertainment assets by ceding to Disney, shareholders of both Fox and Disney have today approved Disney's $71.3 billion acquisition offer for Fox (via The Wall Street Journal). At two separate gatherings this morning in Manhattan, both company's shareholders were said to have "voiced their support" for the acquisition in brief meetings that lasted less than 15 minutes. There are still a few hurdles before Disney officially acquires 21st Century Fox's entertainment assets, mostly related to approval from overseas entities. Specifically, Disney is waiting for the European Union and China to grant approval for the acquisition, as well as "more than a dozen" other international territories. Still, with the United States Justice Department approving the acquisition last month (with one condition for Disney) and now the shareholders voting to approve, it's believed Disney's acquisition of Fox will be done by early 2019. News of Disney's interest in Fox dates back to last December when Disney initially announced its bid to acquire Fox for $52.4 billion in stock. Comcast entered with its own $65 million cash offer for Fox's assets, leading to Disney's increased $71.3 billion cash and stock bid in June. At the time that it bowed out of the running for Fox, Comcast CEO Brian L. Roberts congratulated Disney and its CEO Bob Iger and commended the Murdoch family and Fox "for creating such a desirable and respected company." Disney's plans for Fox line up with its intent to launch a

Comcast Bows Out of Competition for Fox, CEO Congratulates Disney as Bidding War Ends

After a summer of back-and-forth bids between Comcast and Disney for select entertainment assets owned by 21st Century Fox, Comcast today confirmed that it is bowing out of the bidding war for Fox. The company says the move is to instead focus on acquiring European satellite TV provider Sky, another much-sought-after entertainment company that is seeing interest from the likes of Comcast, Fox, and Disney (via Variety). For the purchase of 21st Century Fox, this means that Disney is now expected to finally win the bid and close out the acquisition deal in the near future. The most recent steps in that process saw Disney and Fox agree to a $71.3 billion cash and stock deal, which has now also been approved by the Department of Justice on the condition that Disney sells off 22 regional Fox sports networks. In the announcement confirming that it will not place another bid on Fox, Comcast CEO Brian L. Roberts congratulated Disney and its CEO Bob Iger: “Comcast does not intend to pursue further the acquisition of the Twenty-First Century Fox assets and, instead, will focus on our recommended offer for Sky,” the company said in a statement Thursday. Brian L. Roberts, Comcast chairman-CEO, added: “I’d like to congratulate Bob Iger and the team at Disney and commend the Murdoch family and Fox for creating such a desirable and respected company.” Disney originally announced interest in acquiring 21st Century Fox last December, starting its bidding at $52.4 billion in stock before Comcast forced it to increase the amount and introduce a cash component. Once the

Disney's Acquisition of Fox Approved, but Must Sell Off 22 Regional Fox Sports Networks

After months of scrutiny in an ongoing antitrust case, the United States Department of Justice today granted The Walt Disney Company approval to acquire 21st Century Fox's entertainment assets for $71.3 billion, on one new condition: Disney must divest 22 regional sports networks owned by Fox to an "acceptable" buyer. Removing these networks from the acquisition "would resolve the competitive harm" that has been previously raised in the antitrust lawsuit, the Department said. If Disney did acquire Fox and the 22 regional sports networks, the original complaint argued that the proposed acquisition would "likely result" in multichannel video programming distributors paying higher prices for cable sports programming in the designated markets. This would also inflate television subscription prices in the process, the Department pointed out. Now, Disney has agreed to sell the 22 networks to a buyer that the Justice Department deems "acceptable," rather than continue the ongoing merger investigation. After the acquisition closes, Disney will have 90 days in which to sell all of the designated networks to the buyer, otherwise the court will appoint a trustee to force the sale. This will ensure a competitive market remains in place in each region, Assistant Attorney General Makan Delrahim explained. “American consumers have benefitted from head-to-head competition between Disney and Fox’s cable sports programming that ultimately has prevented cable television subscription prices from rising even higher,” said Assistant Attorney General Makan Delrahim of the

Disney Outbids Comcast for Fox's Assets With $71.3 Billion Cash and Stock Deal

21st Century Fox and the Walt Disney Company today announced a new deal that increases the value of Disney's original December 2017 offer from $28 a share at $52.4 billion to $38 a share at $71.3 billion, with a new cash component. This agreement "is superior to the proposal" from Comcast made earlier this month, according to an unnamed representative speaking for Fox (via The Wall Street Journal). Additionally, the new Fox-Disney deal states that Fox shareholders will be able to receive their consideration "in the form of cash or stock," subject to 50/50 proration. The updated deal comes six months after Disney first announced its intent to acquire certain parts of 21st Century Fox, including Twentieth Century Fox Film and Television Studios, Fox-related cable and international TV businesses, and Fox's 30 percent stake in Hulu, among other assets. Comcast entered as a competitor earlier in June at $35 per share for a total of $65 billion -- an offer that Disney has now beat. Fox has mentioned in the past that talks with Disney were more advanced than any other potential buyer, and it appears that the two companies are trying to work out a deal that values Fox's assets in the wake of Comcast's increased bid. Nothing is finalized yet, however, and if shareholders are thought to be favoring a cash-heavy deal, people familiar with the matter told WSJ that Disney is "in position to inject cash into its offer." Some Fox shareholders might prefer a premium cash offer like the one Comcast is offering, even though the capital gains would be taxable. Other

Comcast Outbids Disney for Fox's Assets With $65 Billion All-Cash Offer

Just a day after a U.S. District Judge approved the upcoming merger between AT&T and Time Warner, Comcast has submitted a bid for 21st Century Fox's TV and film assets, reports CNBC. Comcast has presented Fox with an all-cash offer at $35 per share for a total of $65 billion, which beats out Disney's stock-based $52.4 billion deal. 21st Century Fox has already moved forward on a deal with Disney, but Comcast is aiming to change the minds of Fox's board members. From the letter sent to Fox's board by Brian Roberts, Comcast CEO. So, we were disappointed when 21CF decided to enter into a transaction with The Walt Disney Company, even though we had offered a meaningfully higher price. We have reviewed the publicly available terms of the proposed Disney transaction, as well as the joint proxy statement/prospectus filed with the SEC describing the reasons for the 21CF Board of Directors' decision. In light of yesterday's decision in the AT&T/Time Warner case, the limited time prior to your shareholders' meeting, and our strong continued interest, we are pleased to present a new, all-cash proposal that fully addresses the Board's stated concerns with our prior proposal. Our new proposal offers 21CF shareholders $35.00 per share in cash and 100% of the shares of New Fox after giving effect to its proposed spinoff, providing superior and more certain value as compared to Disney's all-stock offer.Comcast first announced its plans to make a bid on 20th Century Fox, 20th Century Fox Television, several Fox-owned cable channels, and a stake in Hulu back in May, but the

Comcast Confirms Plans to Outbid Disney for Fox's Assets With 'Superior' All-Cash Offer

Last December, The Walt Disney Company outlined plans to acquire 21st Century Fox and a collection of its subsidiaries for $52.4 billion in stock. Those plans have been under regulatory scrutiny for months and have yet to be finalized, and now Comcast has confirmed it is in "advanced stages" of sending Fox a "superior" all-cash offer in hopes of besting Disney's all-share offer (via Bloomberg). Previous reports about Comcast's potential bid also referenced an all-cash deal, and put an estimate above Disney's to as much as $60 billion in cash from Comcast for the designated Fox assets. Comcast's press release today does not disclose an offer amount, but the company says the structure and terms of any offer would be "at least as favorable to Fox shareholders as the Disney offer." Comcast says that its work to finance the offer for some of Fox's assets is "well advanced," and the company has already prepared to file key regulatory statements. Of course, no final decision has yet been made, but analyst Daniel Ives notes that, "If Comcast won these assets from the arms of Disney, it would be a devastating blow to [Disney CEO] Bob Iger." In view of the recent filings with the U.S. Securities and Exchange Commission by The Walt Disney Company (“Disney”) and Twenty-First Century Fox, Inc. (“Fox”) in preparation for their upcoming shareholder meetings to consider the acquisition of Fox by Disney, Comcast Corporation (“Comcast”) confirms that it is considering, and is in advanced stages of preparing, an offer for the businesses that Fox has agreed to sell to

New 'ESPN+' Streaming Service Launching April 12 for $4.99/Month

ESPN today announced that it will launch its new streaming service, which it's calling "ESPN+", on Thursday, April 12. The service will be integrated into a "re-imagined" version of the ESPN app, and include thousands of live sporting events, original shows and films, exclusive studio programs, and a back catalog of on-demand content. ESPN+ will cost subscribers $4.99 per month ($49.99 per year), and out-of-market packages for both MLB.TV and NHL.TV will be available during respective seasons for an additional $24.99 per month. ESPN said that more details about its new service will come out in the next few days, including more information on the redesigned ESPN app. ESPN did tease some information about the new app, saying it will include sports scores, news, and highlights, authenticated live streaming with "TV everywhere" video, ESPN Radio and podcasts, the ESPN+ service, and more. For ESPN+, the company is promising subscribers more than 180 MLB and NHL games, a year-round boxing schedule, more than 250 MLS games, college sports, PGA events, and more. James Pitaro, ESPN President and Co-Chair, Disney Media Networks, said, “ESPN was built on a belief in innovation and the powerful connection between sports and a remarkable array of fans. That same belief is at the heart of ESPN+ and the new ESPN App. With ESPN+, fans have access to thousands more live games, world class original programs and on-demand sports content, all at a great price. They will get all of that as a part of a completely re-imagined, increasingly personalized ESPN App that provides easy,

Movies Anywhere Expands Digital Retailer Support With New Partner FandangoNOW

Last October, Disney announced that its "Disney Movies Anywhere" service would be expanding to become simply "Movies Anywhere," allowing customers to collect all of their digital films into one centralized location. Previously, the digital retailers supporting the service were iTunes, Amazon Prime Video, VUDU, and Google Play, but today the latest retailer has joined: FandangoNOW. FandangoNOW is the ticketing service company's video on-demand service, and now users who stream and purchase films on FandangoNOW will see their content piped to Movies Anywhere. This means that when using the Movies Anywhere app and website, FandangoNOW customers can access eligible digital movies from studios including Sony Pictures Entertainment, Walt Disney Studios (encompassing Disney, Pixar, Marvel Studios and Lucasfilm), Twentieth Century Fox Film, Universal Pictures (including DreamWorks and Illumination Entertainment), and Warner Bros. Once a FandangoNOW account is connected to Movies Anywhere, users can watch their redeemed digital films on multiple supported devices with Movies Anywhere apps, including iPhone, iPad, iPod touch, Apple TV, Amazon Fire devices, Android and Android TV, Chromecast, Roku, and on Mac and PC. According to Fandango CMO Adam Rockmore, a major advantage of FandangoNOW is having "one of the industry's largest collections of 4K Ultra HD movies," but as of yet the service doesn't have an app for Apple TV. “At Fandango, we aim to deliver the best movie experience anytime and anywhere, throughout a movie’s entire life cycle — from theatrical to home

Google Maps Adds 11 Disney Parks to Street View

Google Maps' Street View technology has been updated today to include virtual tours of 11 Disney parks for parents and children to explore in advance of a coming trip, or to rekindle memories of previous visits. We're all about new fantastic points of view. Today Street View is going the distance, from California to Florida, to make Disney part of your world. Be our guest at 11 Disney Parks, and with Street View, anything your heart desires will come to you—castles, rides, attractions to infinity and beyond. The Street View coverage takes in castles, rides and attractions around the various Parks, such as Florida's Magic Kingdom Park and the Avatar-themed world of Pandora in Animal Kingdom. The feature currently only includes parks in the United States, but that may change in future, given Google's recent efforts to expand its coverage of touristic landmarks across Europe and Asia through the service. Google Maps can be downloaded from the App Store for free. [Direct Link

The Walt Disney Company to Acquire 21st Century Fox Assets Resulting in Majority Control Over Hulu

Following weeks of news coverage about the potential acquisition of certain Fox assets by The Walt Disney Company, today the confirmation of that acquisition has come from Disney with a press release detailing the specific parts of Fox that will now merge into Disney. Notably, Disney has acquired 21st Century Fox, including Twentieth Century Fox Film and Television Studios and Fox-related cable and international TV businesses, for $52.4 billion in stock. The "definitive agreement" between Disney and Fox will still need to face various customary closing conditions, including shareholder approval and other regulatory and antitrust reviews. Movie assets that are now Disney-owned under 21st Century Fox include Fox Searchlight Pictures and Fox 2000, homes of movies like Avatar, X-Men, Fantastic Four, Deadpool, The Grand Budapest Hotel, The Shape of Water, and Gone Girl. Disney also now owns Fox's TV production companies including the previously mentioned Twentieth Century Fox Television, as well as FX Productions and Fox21, which brought viewers shows like The Simpsons, This Is Us, and The Americans. On the TV network and streaming side of things, Disney has also acquired FX Networks, National Geographic Partners, Fox Sports Regional Networks, Fox Networks Group International, Star India, Sky plc, Tata Sky, Endemol Shine Group, and most notably Fox's 30 percent stake in Hulu. With this particular asset acquisition, Disney is now a majority shareholder of Hulu. “The acquisition of this stellar collection of businesses from 21st Century Fox reflects the increasing

'Guardians of the Galaxy Vol. 2' Gets 4K Mention on iTunes, Suggesting Disney's 4K Holdout May Be Ending

Guardians of the Galaxy Vol. 2 has received a card on the iTunes Movies storefront that encourages users to watch the film in 4K HDR on the Apple TV 4K, suggesting that Disney's 4K video holdout on iTunes may end soon. The change comes after news in September that Disney would be the only major Hollywood studio not supporting 4K versions of its films on the iTunes Movies store, including Walt Disney Animation Studios, Pixar, Marvel, and Star Wars movies. Right now, Guardians of the Galaxy Vol. 2 appears under the "Now Available to Rent" section of iTunes with a new "Watch It in 4K" card, but when you tap through to the movie's page it's still listed as HD-only as of writing. As such, the mention could be an error, or the first hint at more Marvel and other Disney movies imminently gaining 4K iTunes support. Spider-Man: Homecoming is another Marvel Studios movie -- a studio which Disney owns -- that's in 4K HDR on iTunes, but it has been 4K since it released on the digital storefront in September due to the distribution rights of the film being owned by Sony, not Disney. For now, it appears that Guardians of the Galaxy Vol. 2 is the only Disney-related film with a hint of having imminent 4K support on iTunes. Other newly released Disney films, including Cars 3 and Pirates of the Caribbean: Dead Men Tell No Tales, don't have mentions of 4K support anywhere on iTunes yet. Apple's 4K iTunes films are priced at the same point as HD versions -- $20 -- and if you previously owned the movie in HD, Apple automatically upgrades it to 4K HDR without requiring additional

Disney Streaming Service Will Be Priced 'Substantially Below' Netflix at Launch

During Disney's latest quarterly earnings call, company chairman and CEO Bob Iger mentioned that its upcoming, exclusive streaming service will have a monthly subscription cost at an amount that's "substantially below" the price of rival Netflix (via Seeking Alpha). Disney has been dropping tidbits about its upcoming 2019 streaming service over the past few weeks, but had not yet hinted at how much the service will cost subscribers. Iger still hasn't provided the specific price point viewers can expect to pay to watch Walt Disney Animation Studios, Pixar, Marvel, and Star Wars films and TV shows on the unnamed service, but we now at least know Disney intends to undercut Netflix on pricing. Currently, Netflix's $9.99/month standard tier (with streaming on two screens at once) is set to begin increasing to $10.99/month for subscribers this fall and winter. A few Disney films currently on Netflix Of course, Netflix also has the basic $7.99/month plan (SD and only streaming on one screen at a time), so it's unclear which price point Iger may have been referring to. Iger did mention, however, that the Disney streaming service price will be reflective of the "fact that it will have substantially less volume" than Netflix when it launches. Disney sees this low price as a starting off point that will grow to "reflect the added volume" of content that is launched on the service in the future, similar to what Netflix is doing with its new $10.99/month price hike. I can say that our plan on the Disney side is to price this substantially below where Netflix is. That is in part

Disney's Expanded 'Movies Anywhere' Service Puts All Your Movie Content in One Place

Disney's free Movies Anywhere service is expanding thanks to partnerships with Fox, Sony Pictures, Universal, and Warner Bros, allowing customers who purchase movies from services like iTunes and Amazon Video to watch all of their content in one place using the Movies Anywhere apps. Disney has been using Movies Anywhere for Disney, Marvel, Pixar, and Lucasfilm titles since 2014, but now the available content library has greatly expanded. The new Movies Anywhere service replaces the existing Disney version. With a Movies Anywhere account, Movies Anywhere content purchased from Google Play, Amazon Video, iTunes, and Vudu can be accessed the service. It can also be used for digital content that comes alongside physical copies of DVDs or Blu-Rays so long as they're from Disney or one of its partner studios. There are Movies Anywhere apps for the Apple TV and iOS devices, and the service is limited to the United States at the current time. While most movie studios are on board, allowing users to watch more than 7,300 titles, Paramount and Lionsgate have yet to sign up. Users who sign up for Movies Anywhere and connect their accounts with one digital retailer can get access to Ice Age and Ghostbusters (2016) for free. With two accounts added to the service, users can also get access to Big Hero 6, Jason Bourne, and The Lego Movie at no

Disney Is the Only Major Hollywood Studio Not Backing Apple's Plan to Sell 4K Films at $20

Apple yesterday revealed the Apple TV 4K, a new set-top box that will bring all the features of the fourth-generation Apple TV, along with the ability to stream 4K HDR video content. This includes iTunes 4K movies, which the company confirmed will be sold for the same price as HD movies at $20 apiece. Users will even be able to gain access to 4K movies they've already purchased in HD at no extra charge. When it made this announcement, Apple showed off a list of Hollywood studios during the keynote that will support 4K movies on iTunes at this price: 20th Century Fox, Lionsgate, Paramount, Sony, Warner Bros., and Universal Pictures. In a new report today, The Wall Street Journal noted that the major absence among this list is Disney. The one absence from Apple’s list of big studios selling movies in UHD is Disney. It wasn’t immediately clear why the company behind Star Wars and Marvel couldn’t reach an arrangement with Apple. It currently sells its films in 4K on other digital stores, such as Wal-Mart Stores Inc.‘s Vudu, for $24.99. Disney’s absence is particularly notable given a longstanding close relationship between the two companies. Disney Chief Executive Robert Iger is on Apple’s board of directors and Disney was the first studio to sell television shows and movies on iTunes. Apple is said to have made deals with these studios so that 4K films would not rise above $20, but a few weeks ago it was reported that some studios were vying for $25-$30 for each 4K movie on iTunes. It isn't currently clear why Disney films -- which include Marvel and Star Wars --

Disney Confirms Upcoming Streaming Service Will Include Marvel and Star Wars Films

In early August, Disney revealed that it plans to pull all of its movies from Netflix and launch its own streaming service in 2019. Users were understandably curious as to which Disney-owned brands that might include, particularly once Disney CEO Bob Iger referenced the company's interest in potentially branching off Marvel and Star Wars into their own, separate streaming services. Today, Iger cleared up any confusion by confirming Marvel and Star Wars films will be available on the upcoming Disney-branded streaming app (via Deadline). Current films in these franchises on Netflix -- like Doctor Strange and Rogue One: A Star Wars Story -- will be removed from Netflix and arrive on the Disney platform when it launches in 2019. It's still unclear at what point between now and 2019 Disney will begin removing these films from Netflix. Last month Reuters reported that Netflix was in "active discussions" with Disney to keep Marvel and Star Wars films on the popular streaming platform, but it appears those talks have now fallen through. Films from Marvel and Star Wars that now go to Netflix will move to Disney’s planned ad-free direct-to-consumer streaming service, CEO Bob Iger said today at an investor gathering. “We’re going to launch big, and we’re going to launch hot” by late 2019, he told the Bank of America Merrill Lynch 2017 Media, Communications & Entertainment Conference. The outcome for Marvel and Star Wars TV shows was not specified, but Iger said that the Disney streaming app "will have the entire output of the studio — animation, live action and Disney

Disney Announces AR Scavenger Hunt for 'Force Friday II', Some Star Wars Toys Coming to Apple Stores

Two years after the original "Force Friday" launched in celebration of new toys and gadgets for Star Wars: The Force Awakens, Disney is now gearing up for "Force Friday II," which will see the launch of new merchandise centered on Star Wars: The Last Jedi. Force Friday II will run September 1 through September 3, with toys being sold at Apple, Wal-Mart, Best Buy, Target, and more (via Reuters). The items that will be at Apple retail locations have not yet been specified, but for the original Force Friday one of the most popular gadgets was Sphero's iPhone-controlled BB-8 droid, so there's a chance fans could see a similar toy launch next week. Force Friday II officially begins at 12:01 a.m. PT on Sept. 1, with more than 20,000 retail locations in 30 countries joining in on the Star Wars merchandise celebration, ahead of the debut of Star Wars: The Last Jedi this December. Further enhancing the toy hunt this year is a new augmented reality experience for fans shopping during Force Friday II. Anyone who downloads the official Star Wars app for iOS [Direct Link] or Android devices will be able to scan select retail standees that have a "Find the Force" logo printed on them. When scanned, fans will activate and unlock various Star Wars characters, which they can then take pictures and videos with, post on social media, and unlock that character's data chip. The more data chips collected, the more users will earn exclusive digital rewards, including Star Wars video clips and character emoji. Disney has shared a full list of retailers [PDF] that will have Find the

Disney May Split Out Star Wars and Marvel Into Standalone Streaming Services [Updated]

During its quarterly earnings report yesterday, Disney revealed that it plans to remove all of its content from Netflix and debut a streaming service of its own in 2019. The announcement didn't make clear which exact Disney-related pieces of content might be found within that service, but more information from the earnings report has been shared today by TechCrunch, with Disney CEO Bob Iger mentioning Marvel and Star Wars could get their own streaming services down the line. This means that the 2019 service would be related to Walt Disney Animation Studios and Pixar films like Lilo and Stitch, Zootopia, Moana, and Finding Dory (all of which are on Netflix right now). Then, the company would debut a Marvel service for movies and television shows in the Marvel Cinematic Universe, and a Lucasfilm service for properties in the Star Wars universe. Disney is said to be "considering" these services right now, but a decision "is not yet set in stone." According to Disney CEO Bob Iger, the company is still considering how it wants to bring Marvel and LucasFilm titles to consumers. There’s been talk of launching proprietary Marvel and Star Wars services, he said on Disney’s earnings call on Thursday. But that decision is not yet set in stone. “We’re mindful of the volume of product that would go into those services, and we want to be careful about that,” Iger explained. Currently, Netflix subscribers can watch a number of shows and movies from these Disney-owned brands, including Captain America: Civil War, Doctor Strange, Agents of S.H.I.E.L.D., Rogue One: A Star Wars

Disney to Pull Movies From Netflix, Launch New Streaming Services

Disney plans to pull all of its movies from Netflix as it prepares to launch its own streaming services, the company said in its latest earnings report (via CNBC.) Starting in early 2018, Disney will launch an ESPN video streaming service that will feature approximately 10,000 MLB, NHL, MLS, collegiate, and tennis sporting events every year. Then, in 2019, Disney will launch a Disney-branded direct-to-consumer streaming service that offers Disney content. It's not clear when Disney plans to remove its content from Netflix, but in 2012, the two companies inked a deal that saw Netflix getting exclusive access to Disney, Marvel, Lucasfilm, and Pixar films. Currently, there are dozens of Disney movies available on Netflix, like The Chronicles of Narnia, Moana, Zootopia, Finding Dory, The Jungle Book, Pirates of the Caribbean, and more. The deal, though initiated in 2012, didn't fully go into effect until 2016, so Netflix has only had access to a wide range of Disney content for under a year. With its huge range of content, Disney stands to become a major competitor to existing streaming services like Netflix and Hulu, and for Apple, this essentially means that if the company ever does manage to launch a streaming service, it may not be able to include any Disney

RBC Raises Price Target on Apple Shortly After Dreaming About Benefits of a Merger With Disney

RBC Capital Markets raised its AAPL price target to $157 today, up from $155, as it believes iPhone sales were stable to modestly better than expected in Apple's second quarter, which ended on March 31. The investment bank's lead Apple analyst Amit Daryanani said the company's iPhone mix continues to remain positive, with "more" Plus-sized models sold in the quarter than it previously forecasted. iPhone 7 Plus models carry a $120 premium over iPhone 7 models, contributing to a higher average selling price. RBC now estimates Apple will report quarterly revenue of $53.5 billion, matching the high end of the company's guidance. Apple is scheduled to report its second quarter earnings results on May 2 at 1:30 p.m. Pacific Time. MacRumors.com will provide live coverage of Apple's conference call at 2:00 p.m. Pacific Time. The bank said it remains positive about AAPL based on so-called "iPhone 8" refresh cycle tailwinds, benefits from a possible capital allocation increase, the acceleration of its growing Services category, and potential upside from U.S. Donald Trump's political agenda in relation to taxes and cash repatriation. Apple's stock price has been rising steadily since November, as rumors suggest the company will launch its first iPhone with an OLED display and slim bezels, potentially mirroring the design of Samsung's new Galaxy S8. Many analysts have maintained a "buy" or equivalent rating on AAPL since March or earlier. Last week, RBC Capital Markets generated headlines when it outlined the potential benefits of a completely speculative Disney