When Snap reports its first quarter earnings Tuesday afternoon, there will be one group of employees praying Wall Street likes the results. They’re the people, such as engineering chief Jerry Hunter, who got a special grant of stock in December. Mr. Hunter, for instance, has $1.8 million riding on the results.

Snap made the grants to employees deemed to be among the top 10% of performers, ...

Disney’s unveiling of its upcoming streaming service last Thursday was a reminder of why Netflix has put so much effort into developing its own programming in recent years, making it less dependent on competing studios like Disney for content. But Netflix’s financial statements show that the streaming giant has a long way to go to be self-supporting when it comes to TV shows and ...

Old media’s Wall Street curse may finally be lifting.

Friday’s 10% surge in Walt Disney stock suggests that investors are finally willing to treat entertainment companies—or at least Disney—the same as tech companies: that is, accepting short-term losses in exchange for long-term growth. Disney stock is rising despite the company making clear at a streaming presentation ...

In the spring of 2015, Tom Staggs, who had just become Disney’s chief operating officer, held a strategy discussion with his top TV executives about the future of television. Mr. Staggs issued warnings about Disney’s licensing of TV shows to Netflix, worrying that the entertainment giant was selling Netflix “the bullets” to fire at Disney’s hugely profitable cable ...