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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Disney to debut rest of 2021 films in cinemas first

Disney on Wednesday said its profit slipped in the recently ended quarter.
  • The decision was eagerly awaited by traditional cinemas after the entertainment giant recently chose to release a series of big productions such as "Black Widow", "Jungle Cruise"
  • The animated film "Encanto" will be released on the big screen on November 24 and will not appear on Disney's on-demand video platform until December 24

Disney announced Friday that all of its films slated for release by the end of the year will be exclusively screened in cinemas first, bringing relief to theaters anxious to reconnect with audiences after the coronavirus pandemic devastated their industry.

The animated film “Encanto” will be released on the big screen on November 24 and will not appear on Disney’s on-demand video platform until December 24, the company said in a statement.

Other planned projects, including “The Last Duel” by Ridley Scott, “Eternals” by Marvel Studios and “West Side Story” by Steven Spielberg, will be screened in theaters for at least 45 days before they are released elsewhere.

The decision was eagerly awaited by traditional cinemas after the entertainment giant recently chose to release a series of big productions such as “Black Widow”, “Jungle Cruise” and “Cruella” on its Disney+ platform, diverting part of their revenue.

“Black Widow” actor Scarlett Johansson has sued Disney, accusing the company of breach of contract and costing her millions of dollars in box office revenue after it released the film on its video platform.

Two years ago, Disney was producing content for both theaters and television channels, but it now has direct access to its audience via streaming, a trend accelerated by the pandemic.

In mid-August, Disney boss Bob Chapek said he favored “flexibility” and the ability to “follow the consumer wherever he goes”.

During a presentation of the company’s financial results, he said “when theaters reopened, there was immense reluctance from the public to return”.

Warner Bros. studios has also been heavily criticised for its decision to release all of its new movies for the rest of the year on its HBO Max platform.