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Wednesday, November 01, 2017
Carl Icahn Trick or Treat: Icahn Buys 10% Stake in Netflix

Calling the company undervalued, maverick investor Carl Icahn acquired a 10% stake in Netflix, according to an Oct. 31 regulatory filings. Icahn purchased more than 5.5 million shares representing 9.98% of the Los Gatos, Calif.-based subscription video-on-demand pioneer.

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Netflix Admits Error in Foreign Content Cost Disclosure

Netflix Oct. 31 said that international content costs for its subscription video-on-demand streaming service increased 348% in the third quarter (ended Sept. 30) rather than the 14% increase erroneously cited in regulatory filings.

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Fitch: Disc Decline No Concern in Disney’s Lucasfilm Acquisition

Disney’s just-announced $4 billion acquisition of Lucasfilm marks the media company’s third major multibillion dollar brand purchase following the Marvel and Pixar transactions in recent years.

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Secret of the Wings 'Secret of the Wings' Works Magic on Sales Charts

Walt Disney Studios’ 'Secret of the Wings' debuted at No. 1 on both national sales charts the week ended Oct. 28, while the latest Tyler Perry release from Lionsgate was the week’s top rental.

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