3 Media Stocks in Focus: Disney Drops Bruckheimer, Fox Sees More Mergers, Viacom Takes Back MTV Russia

Walt Disney Company (NYSE:DIS): Disney has announced that it will be ending its long-time partnership with producer Jerry Bruckheimer, of Pirates of the Caribbean fame, by not renewing a “first-look” contract in 2014. Disney maintains that the decison was not due to the poor box office performance of The Lone Ranger, and “will continue to focus on its branded properties including Disney, Pixar, Marvel, and now Lucasfilm, while Bruckheimer is looking to produce more mature films outside the scope of the Disney brand,” Hollywood Reporter says.