Streaming Saves Disney & Video Games Keep Crushing It
Nov 9, 2023
29:42
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WeWork's bankruptcy could disrupt commercial real estate market. Entertainment and video games earnings reports highlight Disney's reliance on streaming. Google's 'Airship' ready for flight. Washington DC Pandas fly first class back to China. Hollywood Actors Union reaches historic agreement. WeWork's departure may lead to increased vacancies and impact banking system. Roblox's success and video game industry growth. Falling oil prices, cheap gas, and WhatsApp's rise. WhatsApp's story feature significant for businesses and expected to drive revenues for meta.
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Quick takeaways
Google's co-founder has unveiled a massive airship, with the aim of making airships great again, which can offer a better passenger experience and carry 200 tons of cargo.
Amidst rising tensions between the US and China, giant pandas at the National Zoo in Washington, D.C. have been sent back to China, reflecting the strained ties between the world's two superpowers.
Deep dives
Massive airship unveiled by Google's co-founder
Google's co-founder, Sergey Brin, has unveiled a massive airship, called Pathfinder one, with the aim of making airships great again. This helium and electric motor powered craft is longer than three Boeing 737s and is part of a plan to mass produce airships. The company, LTA (Lighter Than Air), believes that airships are more environmentally friendly and can offer a better passenger experience. Additionally, airships have the potential to carry 200 tons of cargo, significantly more than a Boeing 737.
Pandas return to China as US-China tensions rise
After 51 years, there are no more giant pandas at the National Zoo in Washington, D.C. The three pandas have been sent back to China amidst rising tensions between the US and China. These pandas were owned by China and leased to US zoos, but due to the deteriorating relationship between the two countries, the pandas have been recalled. This move is seen as a reflection of the strained ties between the world's two superpowers.
Disney's streaming service shows signs of improvement
Despite recent struggles, Disney's streaming service, Disney+, is showing signs of improvement. The service reported a lower loss of $387 million, down from $1.5 billion in the previous year. Disney+ also added around 5 million new subscribers. Additionally, Disney's theme parks and cruise ships division saw a 31% increase in operating income. These positive developments indicate that Disney's streaming service may become profitable in the coming year.
Video game industry continues to thrive
The video game industry continues to thrive with positive earnings reports from major companies. Take-Two, the company behind Grand Theft Auto, experienced a 20% increase in stock price after teasing a trailer for the highly anticipated Grand Theft Auto 6 game. Nintendo reported strong earnings and announced the development of a live-action film based on The Legend of Zelda, leading to a 7% rise in their stock price. These reports indicate sustained growth and success in the video game sector.
Episode 188: Neal and Toby discuss why WeWork's bankruptcy could majorly disrupt the commercial real estate market. Plus, the guys share the biggest takeaways from entertainment and video games earnings reports and why Disney may be leaning on streaming to bring in cash. Neal shares his favorite numbers and Google's co-founder's 'Airship' is ready to take flight. And finally, why the Washington DC Pandas leave the Capitol on a first class flight back to China.