Wednesday’s Headlines: Disney Continues To Break Records
1. Shotspotter stock was up following the announcement of a three-year contract with Puerto Rico. The $4.27 million contract will see the company deploy its gunshot detection technology in the largest metropolitan area on the island, including portions of the capital San Juan and neighboring municipalities. The company expects to complete the deployment and go live in all of the coverage areas by the end of the first calendar quarter of 2020, with Puerto Rico becoming its fifth-largest customer after the likes of Chicago and New York. Get the complete story here.
2. Two weeks after its glitch-filled launch, Disney+ is averaging nearly a million new subscribers a day, new data shows, which saw its stock rise. The new streaming platform also declared that it has brought in more than $5 million through in-app purchases in its first 13 days, as well as 25.6 million viewing sessions over the past week. Read more here.
Elsewhere, Disney’s latest blockbuster, 'Frozen II', has broken box-office records by grossing $350 million worldwide in its opening weekend, making it the biggest global opening of all time for an animated film. Disney’s films have combined for nearly $9 billion at the global box office in 2019 and account for a third of the total U.S. film market — and that’s before the release of 'Star Wars: The Rise of Skywalker'. Get the full report here.
3. Shares in design software providers Autodesk were up on Tuesday evening following a positive third-quarter. The company swung to a profit of $66.7 million, or 30 cents a share, from a loss of $23.7 million, or 11 cents a share, a year earlier, while net revenue also rose to $842.7 million from $660.9 million. The company adjusted its outlook favorably and now expects a profit of between $0.80 and $0.85 per share in the upcoming fourth-quarter on top of up to $3.45 billion in revenue. For the full details, read here.