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.
President Biden's push for electric vehicles is doing more than trying to hold off climate change as it also hopes to revive American manufacturing jobs. The latest company to open an EV charging production plant in the U.S. is Australia-based Tritium, looking to open its new Lebanon, Tennessee, facility in the fall of 2022. It's expected to create at least 500 jobs in the region and reach a production capacity of 10,000 charging units per year. Jane Hunter, CEO and executive director of Tritium, joined Closing Bell to discuss the plant, production capacity, and working with the Biden administration. "The policies that they put in place have directly driven demand for our fast charging products," she said. "Discussions that we have are just incredibly positive because this administration wants to have an electric superhighway that runs all across the country so that it's open equitably for all people to drive electric vehicles."
Samsung unveiled its latest product lineup, including a new family of Galaxy S22 smartphones featuring the S22 Ultra with a larger screen, more powerful camera, and the Samsung S Pen stylus. The company also revealed its latest tablet, the Tab S8 Ultra, featuring a 14.6" screen, expanded storage, and 4K video capability. Cheddar News was able to showcase each device as Allison Johnson, reviews writer at The Verge, joined Closing Bell to discuss the new releases, the standout features, and more.
Shares of Canadian cannabis giant Canopy Growth surged after the company reported Q3 earnings Wednesday morning, with shares up more than 15 percent at the close of the day's trading session. Despite net revenue declining year-over-year, Canopy beat analyst expectations and has ramped up efforts to develop a "THC ecosystem' in the U.S. Canopy Growth's CEO, David Klein, joined Cheddar News' Closing Bell to discuss the report. He noted that its brands Storz & Bickel vaporizers and BioSteel beverages showed record growth.
Commercial property ownership platform withco recently raised $32 million across a seed and Series A funding round. The company purchases properties and then rents them back to small business owners and works to transition them into full ownership. Founder and CEO Kevin Song says withco was inspired by his family's experience of operating a Brooklyn grocery store for two decades and being forced to shutter the business due to a doubling in rent by a new landlord. Now, Song says his mission is to help small business owners become commercial property owners, in a way that's simple and affordable. Song joined Cheddar News' Closing Bell to discuss.
David Nelson, Chief Strategist at Belpointe, joins Cheddar News' Closing Bell, where he says that Wednesday's market movement shows a rotation back into the industries that were hit hard in January, but says his eyes are firmly fixed on the January CPI data set to be released Thursday.
Earlier this week, Peloton announced a change in its C-suite, with new chief executive Barry McCarthy telling the company's remaining staff in an email that he’s, 'here for the comeback story.' Greg Martin, Co-Founder of Rainmaker Securities, joins Cheddar's Closing Bell where he discusses how difficult are Peloton's challenges will be to overcome, especially after the company recently laid off approximately 20% of its staff.
Ben McMillan, Founder and CIO at IDX Digital Assets, joins Cheddar News' Closing Bell, where he discusses the significance of CFTC Chairman Rostin Behnam testifying at Wednesday's Senate Agriculture Committee hearing, and when we could expect to see more regulation in place following the second straight day of congressional hearings on the crypto industry.
