Disney won't put out its next movie until October, but that doesn't mean its blockbuster summer is over.
If churning out five new additions to the billion-dollar box-office club wasn't enough, Disney kept its record-setting 2019 going over the weekend, hosting its 11th annual D23 Expo in Anaheim. The event is essentially Disney's very own version of Comic-Con, complete with its own roster of star-studded panels to update fans on what's coming next for the company's content and theme parks divisions.
In previous years, D23's production updates have been largely focused on Disney's theatrical offerings, but the small screen stole the show at this year's event.
The House of Mouse is just a few months away from unleashing Disney+ — the long-awaited streaming service that's been seemingly labeled a potential "Netflix killer" since before it was announced in September of 2017. Disney ($DIS) used D23 to put its original content slate in the spotlight and give audiences their best sense yet of what to expect when the platform goes live on November 12.
All of Disney's highly-lucrative properties will stream on the new service, from older classics (Disney+ will be the exclusive streaming home of the studio's entire theatrical library) to newly acquired ones (the Disney-Fox deal means "The Simpsons" are moving to Disney+) to the studio's current phase of extended cinematic universes (if you thought you were already suffering from Marvel and 'Star Wars' fatigue — you ain't seen nothing yet.)
Marvel Studios is working on at least eight episodic series for the streaming platform, with superproducer Kevin Feige revealing the latest three titles from the D23 stage ("She-Hulk," "Ms. Marvel," and "Moon Knight").
Lucasfilm, Disney's other prized acquisition, followed suit, premiering the trailer for "The Mandalorian," a new show set in the "Star Wars" galaxy that will serve as Disney+'s cornerstone original series when it launches this fall. Lucasfilm president Kathleen Kennedy also confirmed that the animated cult favorite "Star Wars: The Clone Wars" will be revived on Disney+ after going off the air in 2014.
Superheroes and Skywalkers aren't the only nostalgic entities getting new life on Disney+. The studio also confirmed rebooted versions of "High School Musical" and "Lizzie McGuire," with the latter featuring Hilary Duff's return to the show that made her a household name in the early 2000's. Viewers will also be able to stream other recognizable characters like Forky, the breakout star of this summer's "Toy Story 4," when the utensil toplines Pixar's new animated series "Forky Asks a Question."
Disney+ will also introduce a new type of content to the studio's slate: original movies distributed exclusively on the streaming platform. Disney's (very successful) strategy of remaking its animated classics will continue with a live-action version of "Lady and the Tramp" that premieres with the platform in November.
Walt Disney Studios chairman Alan Horn also used his time on the D23 stage to introduce "Noelle," a holiday comedy starring Anna Kendrick and Bill Hader as Santa Claus's adult children.
So far, the early renderings of Disney's user interface are almost indistinguishable from Netflix's now-iconic landing page. But the platform will take at least one different approach compared to its main rival: According to TVLine, the entertainment giant will reportedly release new episodes of its streaming series weekly, which clearly differs from Netflix's signature full-season drops.
The Super Bowl is only a few days away, and the game is currently tracking to be the most expensive one ever.
Gametime, a website and app for last-minute tickets, says the average ticket price for the NFL's championship game is $9,502.50, with the most expensive seats costing nearly $38,000. That's a far cry away from the average ticket price of the first-ever Super Bowl in 1967, which was only $12. The average ticket price increased by more than $8,000 in just the past decade. Matt Rados, Senior Operations Manager at Gametime, joins Cheddar News' Closing Bell to discuss.
Earlier this week, digital investment advisor Betterment announced that it has hired Makara, a company known for its management of cryptocurrency portfolios. Sarah Levy, CEO of Betterment, joins Cheddar News' Closing Bell, where she explains why crypto represents such a promising long-term play and how her company stands to benefit from this latest move.
At-home medical labs company Getlabs raised $20 million in a Series A round, led by Emerson Collective and the Minderoo Foundation. Getlabs aims to be the boots-on-the-ground partner to telehealth. The company says more than 70% of medical decisions still require collecting diagnostic tests in person, and that it fills that void by delivering health care directly to their patients' homes. Founder & CEO of Getlabs Kyle Michelson joined Cheddar News' Closing Bell to discuss.
The White House laid out plans for a $5 billion investment into a national network of charging stations to ease EV driving anxiety. Bruce Brimacombe, CEO of EV infrastructure GOe3 joined Cheddar News to discuss how much needs to be done for drivers to get over the fear of running out of energy. "People need to be able to do what they're doing now," he said. "But that is the way that if you're going to buy an electric car, you got to feel like you're not changing your world." Brimacombe noted that building out the infrastructure between cities was GOe3's own focus.
U.S. automakers are saying that the blockade of the Ambassador Bridge, a crucial border crossing between the U.S. and Canada, is affecting their production lines. Michelle Krebs of Cox Automotive warns that the disruption "couldn't come at a worst time," amid chip and labor shortages in Detroit.
AND DETROIT-BASED AUTO MAKERS SAY THEY ARE SHUTTING DOWN PLANTS OR SCALING BACK PRODUCTION BECAUSE OF PARTS SHORTAGES.
Sonos reported better than expected Q1 earnings amid chip shortage with the release of its Roam product. CFO Brittany Bagley joined Cheddar News to discuss the smart speaker maker's successful report and its plans to hit its 2024 targets as people leave their homes as pandemic restrictions ease. "Even as people head out in the world, it doesn't mean they don't like to listen to music at home or watch a streaming movie at home," she said. "So there's still a real role for us and our products in peoples lives, sort of, no matter what else they're doing."
Lynn Martin, president of the NYSE Group, explains why investors at the New York Stock Exchange should still feel confident despite the recent Wall Street volatility and discusses the landscape for 2022 when it comes to IPOs and retail investors.
The merger of WarnerMedia and Discovery received Justice Department approval on Wednesday, and Patty Hirsch, EVP of consumer and digital platforms at WarnerMedia, joined Cheddar News to discuss current and future offerings from the media conglomerate that will control both HBO Max and Discovery+. "Content really drives so much, and CNN has always had a very long history of creating an incredible documentaries, incredible content … and this service I think is going to ultimately provide the kind of content consumers want and the kind of content that consumers are going are going to pay for," she said. Hirsch also discussed NFTs in use through its Turner Sports and DC brands.
Black entrepreneurs lead the way in the creation of new businesses, but they often cannot get the necessary funding to get their business off the ground. The Fearless Fund is on a mission to change that, and help Black business owners get venture capital. The fund also offers a unique grant program meant to help entrepreneurs with growth, peer coaching, and more, including grants between $10,000 and $20,000. Arian Simone, Co-Founder and General Partner of Fearless Fund, joins Closing Bell to discuss the Fund's mission, how it helps Black entrepreneurs, and more.
