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.
Disney+ has launched its ad-supported subscription plan in the U.S., partnering with over 100 advertisers. This move expands consumer choice and includes plans for both Disney+ and Hulu + Live TV. New pricing starts at
The Walt Disney Company (NYSE: DIS) has appointed Robert A. Iger as CEO, effective immediately. Iger returns to lead the company for two years, following Bob Chapek's departure, aiming to navigate Disney through a complex industry transformation. Iger, who previously led Disney for 15 years, will work on strategic growth and succession planning. His past achievements include expanding Disney through acquisitions such as Pixar and Marvel and increasing market capitalization fivefold. The Board emphasized Iger's unique qualifications for this pivotal period.
The Michaels Organization has been selected by Walt Disney World to develop an attainable housing initiative on 80 acres in southwest Orange County, Florida. This project aims to provide over 1,300 affordable housing units for qualifying applicants, including Disney cast members. The collaboration supports Orange County's Housing for All action plan, addressing local housing affordability challenges. The initiative is expected to create jobs and follows Disney's commitment to community investment, including a $300K donation to local food banks this year.
The Walt Disney Company (NYSE: DIS) reported Q4 and fiscal year 2022 earnings with revenues growing 9% to $20.15 billion and 23% to $82.72 billion, respectively. Diluted EPS from continuing operations remained at $0.09 for Q4, while annual EPS rose 58% to $1.75. Excluding certain items, Q4 EPS dropped to $0.30 from $0.37. Notably, Disney+ added 12.1 million subscribers this quarter, totaling over 235 million for the year. The company anticipates narrowing DTC operating losses and expects Disney+ to achieve profitability by fiscal 2024.
Sinclair Broadcast Group (SBGI) and Disney Media & Entertainment Distribution (DIS) have announced a multi-year renewal of ABC affiliations across all Sinclair stations through 2026. This extends the partnership and includes renewals for three ABC affiliated stations in Rochester, NY, and Traverse City, MI. Sinclair's SVP, Will Bell, emphasized the value of this relationship in delivering popular entertainment and news programming, while Disney's John Rouse expressed enthusiasm for the continued collaboration to serve local markets effectively.
The Walt Disney World Resort in Lake Buena Vista is gearing up for the holiday season with numerous festive events and experiences. Beginning November 8 through December 22, 2022, Mickey's Very Merry Christmas Party will return, featuring entertainment, food, and holiday-themed attractions. The EPCOT International Festival of the Holidays runs from November 25 to December 30, offering cultural performances and culinary delights. Guests can enjoy holiday decor across parks and Disney Springs, with special shopping experiences and treats throughout.
The Walt Disney Company (NYSE: DIS) is set to discuss its fiscal full year and fourth quarter 2022 financial results through a live audio webcast on November 8, 2022, at 4:30 p.m. ET. The financial results will be announced after market close on the same day. Investors can access the webcast through www.disney.com/investors, with an archived presentation available for later viewing.
The Walt Disney Company (NYSE: DIS) announces the appointment of Carolyn Everson to its Board of Directors, effective November 21. A seasoned media and technology executive, Everson's experience includes leadership roles at major companies like Facebook and Microsoft. Her addition aims to enhance Disney's independent board structure and align with the long-term performance focus. The move also follows a support agreement with Third Point LLC, ensuring a collaborative relationship to boost shareholder value.
The Walt Disney Company has announced an exciting lineup of events and experiences as part of its Disney100 celebration, marking a century of storytelling and entertainment. Officially kicking off on New Year's Eve 2023, the celebration includes the release of the animated film Wish in November 2023, an exhibition touring globally, and new nighttime spectaculars at Disney Parks. Highlights include a digital platform launch on January 1, 2023, and unique merchandise collections. CEO Bob Chapek emphasizes the commitment to creativity for another century.
Bob Chapek, CEO of The Walt Disney Company (NYSE: DIS), will engage in a Q&A session at the Goldman Sachs 2022 Communacopia + Technology Conference on September 14, 2022, starting at 5:00 p.m. ET. This event offers investors insights into Disney's strategies and future. To stream the session live, visit www.disney.com/investors. A recording will be available on the website post-event.
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