What would Tinkerbell do?... Disney just announced record high quarterly revenues of $20B. That's mainly thanks to Avengers: Endgame crushing box office records. But profits plunged 51% because Disney treated itself to 2 major acquisitions: Mickey bought Fox and most of Hulu as it preps its own streaming service, Disney+, for a November launch.
Four-letter verb for "drop"... Shares of The New York Times fell as the number of new paying subscribers missed analysts' expectations. The paper's got 4.7M paying for its news, crosswords, and cooking apps, but wants 10M by 2025. So it's hired more journalists to up its content — 1,750 total are on staff, the most it's ever had.
Despite aggressive ketchup usage... Kraft Heinz has a problem. Last February, it had to write-down the value of its processed food brands by $15B because they clearly aren't as valuable as they used to be. Then last week, it devalued your diner's go-to labels by another $1.2B. Velveeta, A-1 steak sauce, and mac-n-cheese sales are all lowering sales projections in an organic chia world.