Welcome to our dedicated page for The Walt Disney Company news (Ticker: DIS), a resource for investors and traders seeking the latest updates and insights on The Walt Disney Company stock.
The Walt Disney Company (DIS), widely known as Disney, is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California. Established over a century ago, Disney has grown to become a leading force in the entertainment industry.
Core Segments:
- Entertainment: This segment includes the ABC broadcast network, numerous cable television networks, and popular streaming services such as Disney+ and Hulu. Disney also produces and distributes movies and television content, with some content kept exclusively for its platforms and networks.
- Sports: The sports segment is dominated by ESPN and its streaming service, ESPN+. This allows Disney to cater to a diverse audience interested in live sports and related programming.
- Experiences: This segment focuses on Disney's theme parks and vacation destinations, which are world-renowned for their immersive experiences. It also encompasses merchandise licensing, leveraging Disney's iconic franchises like Mickey Mouse, Star Wars, and Marvel.
Recent Achievements and Projects:
Disney has continually evolved, embracing the digital age with the rapid growth of Disney+ and Hulu. These platforms have attracted millions of subscribers worldwide, thanks to a vast library of content including new releases, classic films, and exclusive series.
Financial Condition:
Despite challenges faced during the global pandemic, Disney has shown resilience. Its diverse revenue streams from streaming, traditional media, and theme parks have helped the company maintain a strong financial footing. The recovery in theme park attendance and the sustained growth of Disney+ subscription numbers are critical factors driving Disney's financial stability.
Partnerships and Collaborations:
Disney continues to forge strategic partnerships to expand its content and distribution capabilities. Collaborations with major studios and technology firms enhance its offerings and deliver cutting-edge entertainment experiences to audiences.
Disney's enduring legacy and commitment to innovation ensure it remains a pivotal player in the entertainment industry. Investors and fans alike follow Disney for its consistent delivery of high-quality content and memorable experiences.
Reliance Industries (RIL) and The Walt Disney Company (DIS) have completed their merger to form a joint venture combining their media and streaming businesses in India. The transaction values the JV at ₹70,352 crore (~US$8.5 billion). RIL has invested ₹11,500 crore (~US$1.4 billion) for growth capital. The ownership structure comprises RIL (16.34%), Viacom18 (46.82%), and Disney (36.84%). The JV will operate over 100 TV channels, produce 30,000+ hours of TV content annually, and manage digital platforms JioCinema and Hotstar with 50+ million subscribers. The combined entity reports pro forma revenue of approximately ₹26,000 crore (~US$3.1 billion) for FY2024.
The Walt Disney Company (NYSE: DIS) shared commentary from CEO Robert A. Iger and CFO Hugh F. Johnston on its fiscal full year and fourth quarter 2024 financial results. The company has posted its earnings release and Form 10-K on its investor website. A live audio webcast with Q&A to discuss the results will be held today at 8:30 a.m. ET / 5:30 a.m. PT, and it will be archived for later access. For more details, visit www.disney.com/investors.
Disney (DIS) reported Q4 and full-year 2024 results with revenues increasing 6% to $22.6 billion in Q4 and 3% to $91.4 billion for the year. Q4 diluted EPS rose 79% to $0.25, while full-year EPS more than doubled to $2.72. Entertainment segment showed significant improvement with $1.1 billion operating income. Disney+ Core and Hulu reached 174 million subscriptions, with Disney+ Core adding 4.4 million paid subscribers. The company provided guidance for fiscal 2025-2027, projecting high-single digit adjusted EPS growth for 2025 and double-digit growth for 2026-2027.
The Walt Disney Company (NYSE: DIS) has launched its 2024 Disney Ultimate Toy Drive supporting the Marine Toys for Tots Program. The campaign includes a new PSA titled 'Dear Santa' featuring Gina Rodriguez, which will air across Disney's networks and platforms. Last year, the program delivered over 25 million toys to 10.3 million children. Fans can participate by donating toys online through December 24, 2024, or in person at Disney Store locations, Downtown Disney District, and Disney Springs through December 13, 2024. The initiative will be promoted across Disney's platforms, including ESPN, ABC, ABC News, and Disney Theatrical Group.
Frost & Sullivan has released the 2024 Global Blockchain Hardware Industry White Paper, providing comprehensive insights into market trends and opportunities in the blockchain hardware sector. The report highlights key developments including the improvement in Bitcoin mining hardware efficiency from 516.6 J/TH in 2016 to 29.6 J/TH in 2024, and notes that Canaan (NASDAQ: CAN) ranked second in computing power sold among Bitcoin hardware providers in 2023. The white paper analyzes various aspects including DeFi growth, cryptocurrency adoption, NFT market expansion (reaching $48.74 billion in 2023), and the industry's shift towards green technologies, with renewable energy now accounting for up to 78% of mining energy sources.
The Walt Disney Company (NYSE: DIS) Board of Directors has named James P. Gorman as Chairman of the Board, effective January 2, 2025. He will succeed Mark G. Parker, who is departing after nine years of service. Gorman, currently Executive Chairman of Morgan Stanley, will step down from that role on December 31, 2024. As Chair of Disney's Succession Planning Committee, Gorman is leading the search for the company's next CEO, expected to be announced in early 2026.
Parker, who is also Executive Chairman of NIKE, Inc., expressed confidence in Gorman's leadership and the company's future. Disney CEO Bob Iger praised Gorman's expertise and thanked Parker for his valuable service. Gorman stated that appointing a new CEO is a critical priority, with the timing allowing for a smooth transition before Iger's contract concludes in December 2026.
The Walt Disney Company (NYSE: DIS) has announced it will host a live audio Q&A webcast to discuss its fiscal full year and fourth quarter 2024 financial results. The webcast is scheduled for Thursday, November 14, 2024, at 8:30 a.m. ET / 5:30 a.m. PT. Prior to the webcast, Disney will release its results and post prepared written management remarks on their investor website before the opening of regular trading on the same day.
Interested parties can access the Q&A webcast at www.disney.com/investors. The company will archive the webcast for future reference. It's important to note that the materials and webcast may include forward-looking statements.
DIRECTV customers have lost access to Walt Disney Co. (NYSE: DIS) programming, including ABC stations, Hulu, and ESPN, due to a dispute over licensing agreements. Disney demands DIRECTV customers pay for unwatched channels and streaming services, while also requiring DIRECTV to waive antitrust claims and limit legal venues.
Key issues include:
- Disney's demand for customers to pay for unused channels
- Forced bundling of streaming services
- Shifting of quality content to streaming platforms
- Potential double-charging for the same content
- Restrictions on legal accountability
DIRECTV seeks more flexible, consumer-friendly packages and pricing options. The dispute affects millions of customers and coincides with college football's opening weekend.
The Walt Disney Company's Board of Directors has appointed James P. Gorman as the new Chair of its Succession Planning Committee. Gorman, who joined Disney's Board earlier this year, brings valuable experience from overseeing the recent succession process at Morgan Stanley. The Committee, which includes directors Mark G. Parker, Mary T. Barra, and Calvin R. McDonald, is tasked with identifying and preparing the next CEO of Disney.
The Board has intensified its succession planning efforts since January 2023, with the Committee meeting six times in fiscal 2024. The process involves evaluating both internal and external candidates, with internal candidates undergoing preparation that includes mentorship from current CEO Robert A. Iger. The Board is committed to a deliberate and expeditious succession planning process to ensure a smooth transition of leadership aligned with Disney's long-term strategic goals.
Disney (NYSE: DIS) has appointed Adam Smith as the new Chief Product & Technology Officer for Disney Entertainment and ESPN. Smith, who joins from YouTube, will oversee a global Product and Technology group spanning Disney's entertainment and sports media businesses. His responsibilities include driving technology strategy, development, and innovation across the company's streaming platforms, networks, consumer digital touchpoints, and advertising technology.
Smith brings over 20 years of experience from Google and YouTube, where he most recently served as Vice President of Product Management. He played a key role in building YouTube's consumer-facing products and driving its Music and Premium offering to over 100 million subscribers. Smith will report jointly to Disney Entertainment Co-Chairmen Alan Bergman and Dana Walden, and ESPN Chairman Jimmy Pitaro, starting September 3.
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