Movie theaters are happy to spend money on IMAX, because they can charge a premium, says Jim Cramer
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CNBC
2 days ago
- CNBC
Why Netflix's beat-and-raise quarter is welcome news for Disney investors
Strong earnings from streaming king Netflix on Thursday sets the stage for Disney to shine with its results in a few weeks. Netflix reported an upbeat quarterly results after the bell Thursday, with revenue soaring 16% year over year, its seventh straight quarter of double-digit growth. The streaming service also delivered beats on operating income, earnings per share and free cash flow, and raised its full-year revenue guidance. (Shares were down Friday on Netflix warning that its operating margin would be lower in the second half of 2025). While the results certainly keep Netflix atop the competitive streaming industry, they also provide a good read-through for Disney, which has been hyper-focused on growing its streaming platforms — Disney+, Hulu and ESPN+ -- as its traditional TV business remains challenged. Indeed, Netflix reported "healthy member growth" — Netflix no longer discloses quarterly net member adds — proving consumers are still willing to pay for streaming entertainment. But it also found success with higher pricing for its products and revenue from its new ad-supported services. That higher pricing is welcome news for other streamers, including Disney, which has raised prices for Disney+ ad-supported and ad-free plans, as well as for its bundles which combine Disney+, Hulu and ESPN+. The uptick in ad revenue at Netflix demonstrates that major streaming platforms like Disney+ can raise prices and grow advertising income without losing subscribers, proving that customers are willing to pay up for premium content, and that ad-supported models can help diversify revenue streams. In related news, NBCUniversal's streaming service Peacock just announced Friday that it is raising prices by $3 per month for its ad-supported and ad-free tiers. The price hikes come after a surge in subscribers for the latest season of "Love Island" and in anticipation of its NBA broadcast package beginning this fall. (NBCUniversal is the parent company of CNBC.) Ahead of Disney's third quarter on Aug. 6, UBS estimated double-digit earnings per share growth will continue, buoyed by resilient demand at the company's theme parks and similar improvement in direct-to-consumer profitability. They note concerns that the opening of Universal's Epic theme park in Orlando appear to have been overblown. The analysts raised its price target on Disney stock to $138 a share from $120 earlier this week. After a big move off their April lows, shares have been rangebound as investors wait to hear more about streaming profitability improvements, the strength of its parks and experiences business, and management's plan to mitigate declines in linear TV. The stock is trading roughly 1% lower at $121 per share Friday. Disney is a "show-me stock," Jim Cramer said Thursday on "Squawk on the Street." "People want to see the Disney+ numbers and see that there really is a breakout because there's been so much distrust about anything that's involved with linear [TV]," he said. "No one seems to get their way until they see the numbers. I think the numbers are going to come through and the stock's going to look cheap. I'm a believer." Of course, we don't sacrifice our discipline even when we have faith that Disney will be able to move higher over time. We trimmed our position on June 27 to capitalize on that big run. Now, we're waiting for earnings in a couple weeks for a business update. We maintain our price target of $130 and 2-rating on the stock. (Jim Cramer's Charitable Trust is long DIS. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
Yahoo
2 days ago
- Yahoo
Resale Tickets for Christopher Nolan's 'The Odyssey' Are Already Skyrocketing One Year Before Release
Resale Tickets for Christopher Nolan's 'The Odyssey' Are Already Skyrocketing One Year Before Release originally appeared on Parade. Movie fans are scrambling for tickets for Christopher Nolan's next film. Tickets went on sale on Thursday to see the iconic filmmaker's upcoming film, The Odyssey, in IMAX 70 mm film, a full year before its release date. IMAX announced the offer on their official social media accounts, which included a list of 26 movie theaters showing the movie over the July 17-19, 2026 weekend, in addition to Thursday afternoon screenings across the United States, Canada, Europe and Australia. The film will follow Odysseus (Matt Damon), the king of Ithaca, as he embarks on the journey home after the Trojan War. In addition to Damon, the film also stars Tom Holland, Anne Hathaway, Jon Bernthal, Zendaya, Lupita Nyong'o, Robert Pattinson, Charlize Theron and Mia Goth. According to The Hollywood Reporter, 95% of seats were already sold, leading up to a total of $1.5 million in sales. As the day went on, tickets were being resold on eBay and other sites for anywhere between $300 and $400, compared to the original price of $25-$28. This is the first time in history that tickets have gone on sale a year before a film's opening. The title is a follow-up to Nolan's Oscar-winning 2023 film Oppenheimer, which did huge business in IMAX theaters and made $957.8 million at the box office worldwide. Though The Odyssey is currently in production, the first teaser trailer debuted exclusively in theaters in front of Jurassic World Rebirth, which opened over the Fourth of July weekend and has made $548.7 million worldwide in the box office within the first two weeks of its release. The 54-year-old filmmaker's acclaimed movies include Inception, The Dark Knight trilogy, Interstellar, Dunkirk and Oppenheimer. Nolan often explores themes such as time, identity and morality in his titles, which all have earned mass critical and commercial success. The Odyssey will hit the big screen on July 17, 2026. Resale Tickets for Christopher Nolan's 'The Odyssey' Are Already Skyrocketing One Year Before Release first appeared on Parade on Jul 18, 2025 This story was originally reported by Parade on Jul 18, 2025, where it first appeared.
Axios
2 days ago
- Axios
At 50, "Jaws" still gobbles up tourist dollars
The 50th anniversary of "Jaws" is making this summer season a little more special, with nostalgia for the blockbuster fueling events and promotions on Martha's Vineyard and around Cape Cod. Why it matters:"Jaws" continues to generate economic waves across Massachusetts, showing that anniversary marketing efforts from a huge movie studio down to local pubs can turn nostalgia into a measurable tourism boost. State of play: The half-century birthday of Spielberg's classic brought all sorts of cinematic shark hunters to the island to seek out filming locations and anniversary events. Merchandise sales have surged and film fans who've never come to the Cape or Islands before are soaking up the resort vibes. Zoom in: Martha's Vineyard, where much of the film was shot, was the epicenter of the celebration with Amity Week in late June to coincide with the film's release date. There were themed events, cast reunions featuring Richard Dreyfuss at Edgartown's Wharf Pub, a dog costume meetup and even a live score performance by the Cape Symphony. Practically every eatery in the area had some kind of shark-themed promotion. The local Chamber of Commerce printed up maps with shooting locations for fans to see firsthand the estuary where Chief Brody's son almost got chomped and where young Alex Kintner was straight-up eaten. What they're saying:"What we do know is that hotel occupancy was at 99% for 'Jaws' weekend, which is a strong early indicator" of a business boost, Martha's Vineyard Chamber of Commerce executive director Erica Ashton told Axios. Ashton is waiting for more data from the island's airport and ferry operators to size up the impact "Jaws" has already had on this season's tourism to the Vineyard. Few local companies have capitalized on their "Jaws " connection quite like Rhode Island's Narragansett Beer with its "Crush it Like Quint" limited-edition cans. Vineyard confectioner Murdick's Fudge created special treats that look like they've been attacked by a shark. Even the Massachusetts Lottery got in on the fun with a "Jaws" -themed scratch ticket with a $1 million top prize. And Universal Pictures isn't letting the anniversary go unnoticed. The studio re-released the film in IMAX and 4K formats nationwide. Martha's Vineyard Museum's"Jaws at 50: A Deeper Dive" exhibition runs through Sept. 7. "Part of our exhibit about 'Jaws' is a room devoted to teaching people more about sharks as a species, and efforts to understand them, protect them," museum research librarian Van Riper told USA Today.
