News Corp. (NASDAQ:NWSA): Southeastern Asset Management has purchased an 11.9 percent block of News Corp.’s voting rights, representative of a 4.1 percent economic interest. Based on Tuesday’s closing price of $16.72, the stake is worth around $397 million. It is the second-largest holding, trailing only Rupert Murdoch himself; Murdoch holds a 39 percent share of the voting stock. Southeastern, known for its value investing, says it has no plans to influence News Corp.
Netflix Inc. (NASDAQ:NFLX): Analysts believe Netflix’s deal with Virgin Media could have profound implications throughout the industry as pay-TV services continue to see Netflix as more of an asset to their operations, rather than a competitor. The partnership with Virgin will be a slow investment with little to no immediate financial benefits but provides a significant positive for the streaming service in the longer term.
Walt Disney Co. (NYSE:DIS): ”We have high expectations for Jack Sparrow’s next adventure and we want to have all the right elements in place,” executive Sean Bailey said in a statement regarding the next installment of the Pirates of the Caribbean franchise. ”We’re not there yet.” Pirates of the Caribbean: Dead Men Tell No Tales has now been pushed back indefinitely; it was originally slated for a July 10, 2015, release.