Get the latest gossip
International Insider: India’s New Power Player; ‘Gladiator II’ Goes Global; McQueen’s Powerful Message
Reliance Industries and Disney forming their new media giant in India leads this week's International Insider.
Like a 2016 Facebook relationship status update, it’s complicated, but Disney is only seeing upside — at least that’s what CFO Hugh Johnston wanted us to think yesterday on an earnings call, in which he said the company was “very, very excited” about the agreement while noting Reliance would be in the driving seat. In fairness, Disney had a pretty decent quarter, with revenue up 6% and operating income growing 23%, but adding another 4.4 million subs helped the DTC segment swing from a $420M loss a year ago to a $253M profit, as Jill Goldsmith succinctly reported from the East Coast yesterday. Nada and Baz were in the press huddle for Deadline, and you need to watch this heartwarming clip of Irish actor lads Mescal and Andrew Scott embracing (with glorious commentary from our International Editor-At-Large, Mr Bamigboye.)
Or read this on Deadline