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How Will Disney Be Impacted Now That A.A. Milne’s ‘Winnie-The-Pooh’ Is in the Public Domain?

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As 2022 rolled in, A.A. Milne’s 1926 book “Winnie-the-Pooh” was among the many classic works to lapse into the public domain in the United States. But what impact will this have on the Walt Disney Co.’s (NYSE: DIS) long-running franchise based on the Milne characters?

What To Consider: Since Milne’s work is no longer protected by copyright, the text can be freely published by any company, while the characters and setting of the book can be adapted by any producer or studio. As of this writing, no non-Disney versions of the Milne book have been announced.

However, Disney does not lose the rights to its adaptations of Milne’s literary output. Disney acquired the film rights to Milne’s characters from the author’s widow in 1961, dropping the hyphens from the character’s name, and also acquired the merchandising, television, recording and other trade rights from the widow of Stephen Slesinger, who acquired those rights from Milne in 1930.

One Milne character who is not in the public domain is Tigger, which was introduced in a 1928 book that will see its copyright lapse in a few years. Also protected by intellectual property laws is Gopher, which was not part of the Milne books but was incorporated into the Disney franchise.

Related Link: Kevin O’Leary Bought Disney Shares: Why The Stock Will Act As ‘Protection’ In 2022

Why It Matters: Disney’s Winnie the Pooh is one of the studio’s most successful franchises, spanning many decades, from the 1966 short “Winnie the Pooh and the Honey Tree” to a stage musical that opened at New York City’s Theatre Row Building last October. While Disney hasn’t put an official number on the revenue generated by the franchise, industry observers estimate it has brought in billions of dollars.

The franchise has the distinction of scoring Walt Disney his final Academy Award — the studio founder died during the production of “Winnie the Pooh and the Blustery Day” and he received a posthumous Oscar when the film won the Best Animated Short Subject Award for 1968.

Also entering the public domain is Felix Salten’s “Bambi, A Life in the Woods,” which Disney adapted into the 1942 feature film. As with the Milne characters, Disney retains the rights to its character adaptations.

Photo: Courtesy of Disney

Article: benzinga.com

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Where Ascendis Pharma Stands With Analysts

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Over the past 3 months, 4 analysts have published their opinion on Ascendis Pharma ASND stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company’s business to predict how a stock will trade over the upcoming year.

Bullish
Somewhat Bullish
Indifferent
Somewhat Bearish
Bearish
Total Ratings
0
3
1
0
0
Last 30D
0
0
0
0
0
1M Ago
0
0
1
0
0
2M Ago
0
1
0
0
0
3M Ago
0
2
0
0
0

These 4 analysts have an average price target of $170.25 versus the current price of Ascendis Pharma at $114.86, implying upside.

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Below is a summary of how these 4 analysts rated Ascendis Pharma over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the move negative analysts are on the stock

This current average has decreased by 7.22% from the previous average price target of $183.50.

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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Original Source: benzinga.com

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Boeing Stock Sits Near Key Level: What’s Next After Earnings?

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Boeing Co. (NYSE: BA) shares are trading lower Wednesday after the company reported fourth-quarter earnings before the opening bell.

The company’s earnings per share came in at a loss of $7.69, up from a loss of $15.25 per share year-over-year. Sales came in at $14.8 billion, missing the estimate of $16.86 billion.

Boeing was down 3.68% at $196.50 midday Wednesday.

See Related: Boeing Clocks 3% Revenue Decline In Q4

Boeing Daily Chart Analysis

Shares have been trending lower in what traders call a descending triangle pattern, but it now looks as though the pattern has ended and the stock has not seen a strong break of resistance or support. Since the end of the pattern, the stock has been moving sideways around the $205 level.
The stock trades below both the 50-day moving average (green) and the 200-day moving average (blue), indicating the stock is facing a period of bearish sentiment. Each of these moving averages may hold as a potential area of resistance in the future.
The Relative Strength Index (RSI) has been falling lower the past couple of weeks and now sits at 38. This shows that more sellers have been moving into the stock and if the stock continues to fall lower on the RSI could reach the oversold region near 30. This could bring about even more strong selling.

What’s Next For Boeing?

Boeing hasn’t seen any strong movements since ending the descending triangle pattern and shows that the stock is trading with a period of consolidation. When strong volume enters the stock, it may start pushing in one direction quickly and could start a new trend.

Bullish traders are looking to see the stock hold above the $205 level and see the RSI climb back above the middle line for a possible bullish run. Bearish traders are looking to see the stock. Hold below the $205 level and the moving averages for the stock to start seeing some bearish momentum.

Source: benzinga.com

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When the Best Cocktail Maker in the Cannabis Industry Launches a Drink, This Is What It Tastes Like

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Warren Bobrow, “The Cocktail Whisperer,” has launched a delicious new cannabis-infused beverage: Klaus.

Made with the best ingredients for a healthier and euphoric buzz, Klaus has set its sights on the growing ‘California-sober’ market and is ready to take the cannabis beverage culture to a whole new level.

Warren, The Creator

Bobrow is a cannabis alchemist and cocktail aficionado. He is also a respected industry journalist and author of six books in the craft cocktail space, including his most recent Cannabis Cocktails, Mocktails and Tonics.

And, of course, all of this expertise is reflected in the unique cannabis-infused craft mocktail he and his team launched.

Interestingly, the brand was named after Bobrow’s 1800s German “drinking gnome,” a travel companion that has joined the cocktail maker all around the world.

The Drink

The first product in the Klaus lineup is like no other cannabis-infused beverage out there.

Dubbed Mezzrole after Louis Armstrong’s friend and fellow hep-cat, Mezz Mezzrow (Mezzrole was slang for a finely crafted cannabis cigarette during the jazz era), the drink is robust and tangy with bursts of piquant ginger root syrup, gently giving way to palate-soothing rice vinegar notes and the finest French lime puree.

The refreshing beverage features a terpene-forward 10 mg THC infusion per can, only 16 calories and less than 1g of sugar per serving.

On the execution, Bobrow partnered with Sands Lane Ventures and creative agency MAMUS, seeking to make it simple for newcomers to the cannabis space to have an enjoyable and delicious experience.

Klaus is available at leading dispensaries in California.

Article: benzinga.com

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