![]() ![]() It’s a compelling pitch that appears to be capturing listeners’ imagination. “Why should the only option for kids who can’t pay be these sinister online operators that may not be safe - and which are definitely not rewarding the artists that listeners love.” “For many young people in particular, music isn’t something that’s optional – it’s as crucial to them as air and water,” Mekikian says. It’s not credible to think people aren’t going to use these sites to access the music they love, he says, unless you give them an alternative that is free, but legal. Mekikian believes TREBEL will take many people away from illicit websites that offer pirated music. Some people have been monetising this audience – just not in a legal way. “We’re monetising people who have not previously been monetised.” The Florida governor, who is now running for president, targeted Disney's special district after the company publicly criticized a controversial Florida bill – dubbed "Don't Say Gay" by critics – that limits the discussion of sexual orientation and gender identity in classrooms.Įarlier this month, Disney dropped all but its free speech claims against DeSantis, focusing solely on the First Amendment claim that the governor politically retaliated against the company.ĭisclosure: Comcast is the parent company of NBCUniversal, which owns CNBC.“The labels have been very welcoming, because we’re effectively a new revenue stream for the artists,” Mekikian says. In May, Disney said it was set to invest $17 billion in the Florida hub, which would include the potential creation of 13,000 jobs. Soon after, Disney doubled down on its Florida park and said it would continue to invest and expand its Florida theme park over the next 10 years. Ron DeSantis, which could affect its proposed expansion of the Orlando location over the coming years.Įarlier this year, Disney filed a lawsuit against DeSantis, accusing the governor and new board members of its special district of carrying out a campaign of political retribution against the entertainment company. ![]() The heightened investment comes as Disney has been embroiled in lawsuits with Republican Florida Gov. Rivals, including Comcast' s Universal parks in Florida, experienced a similar slowdown. Shortly after Bob Iger returned as CEO, Disney announced changes to its parks prompted by complaints from guests regarding rising prices and longer wait times. "Today, as Disney considers future growth opportunities, there is a deep well of stories that have yet to be fully explored in its theme parks," the company said in Tuesday's presentation, noting "Frozen" and "Zootopia"-themed attractions at its parks outside of the U.S. The company planned to unveil more details about the investment at its investor day Tuesday. During the third quarter the division saw a 13% increase in revenue to $8.3 billion.ĭisney will lean on its brands and intellectual property as it builds out its theme parks. Instead, the segment's strength has come from its international parks. Still, the company's domestic parks, particularly Walt Disney World in Florida, have seen a slowdown in attendance and hotel room occupancy. While Disney is grappling with the changing media and entertainment landscape – and trying to make its streaming business profitable while considering sales of its traditional TV networks – the theme parks, experiences and products division has been a bright spot. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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