Welcome to our dedicated page for Walt Disney news (Ticker: DIS), a resource for investors and traders seeking the latest updates and insights on Walt Disney stock.
The Walt Disney Company (DIS) is a global leader in entertainment and media, renowned for its streaming platforms, theme parks, and iconic franchises. This dedicated news hub provides investors and stakeholders with timely updates on corporate developments, financial performance, and strategic initiatives.
Access official press releases alongside curated analysis covering Disney's diversified operations across entertainment networks, sports broadcasting, and consumer experiences. Track key announcements including earnings reports, content partnerships, streaming innovations, and theme park expansions.
Our continuously updated repository serves as your primary source for understanding Disney's market position and operational strategies. Bookmark this page for direct access to critical updates that shape one of the world's most influential media conglomerates.
The annual meeting of shareholders for The Walt Disney Company (NYSE: DIS) will take place on March 9, 2022, starting at 1:00 p.m. ET. Management will present remarks regarding company performance and future strategies. This important event will be available live via webcast on www.disney.com/investors. An archived version of the presentation will also be accessible for those unable to attend live.
Disney+ is expanding its service by introducing an ad-supported subscription model alongside its existing ad-free option, set to launch in the U.S. in late 2022, with international expansion planned for 2023. This move aims to enhance accessibility and affordability for consumers while enabling advertisers to reach a wider audience.
The ad-supported tier is critical to Disney's goal of achieving 230-260 million subscribers by FY24. Disney leverages its strong brand portfolio, including Pixar, Marvel, and Star Wars, to attract advertisers seeking premium streaming environments.
The Walt Disney Company (NYSE: DIS) announced that Christine McCarthy, the CFO, will participate in a Q&A session at the Morgan Stanley Technology, Media and Telecom Conference on March 7, 2022, at approximately 2:25 p.m. PT / 5:25 p.m. ET. The session can be accessed via a webcast, which will also be archived for later viewing. For more details, visit the investor relations page.
The Walt Disney Company released its 2021 Corporate Social Responsibility Report, emphasizing its commitment to diversity, equity, and inclusion, environmental sustainability, and community support. Disney aims to direct over $150 million annually to underrepresented communities and invest at least $1 billion with diverse suppliers by 2024. Additionally, Disney is working towards its 2030 Environmental Goals by reducing greenhouse gas emissions and waste. The company also contributed over 400,000 items to children’s hospitals in fiscal 2021.
The Walt Disney Company (NYSE: DIS) reported a strong first fiscal quarter for 2022, showcasing diluted EPS from continuing operations of $0.63, up from $0.02 a year ago. Excluding certain items, EPS rose to $1.06 from $0.32. Revenues reached $21.8 billion, a 34% increase year-over-year, with operating income from parks and resorts significantly rising. However, free cash flow declined to -$1.19 billion from -$685 million, and cash used in operations was -$209 million, highlighting ongoing financial challenges. The total streaming subscriptions also increased to 196.4 million.
The Walt Disney Company (NYSE: DIS) has been informed of Tutanota LLC's unsolicited mini-tender offer to buy up to 240,000 shares of Disney at $143 per share. Disney advises shareholders against accepting this offer, as it hinges on the stock price exceeding $143 before the offer expires on February 25, 2022, potentially resulting in below-market returns. Disney disassociates itself from Tutanota's offer and urges caution, recommending that investors seek current market prices and consult financial advisors. Shareholders can withdraw shares they've tendered.
The Walt Disney Company has appointed Alexia Quadrani as Senior Vice President of Investor Relations, announced by Christine McCarthy, CFO. Quadrani previously led J.P. Morgan's U.S. Media Equity Research group, specializing in entertainment and media stocks for 14 years. In her new role, she will enhance relationships with investment analysts and manage financial reporting. Ms. Quadrani holds an MBA from NYU and a BS from Georgetown University. Her extensive experience is expected to strengthen Disney's communication with the investment community.
The Walt Disney Company (NYSE: DIS) is enhancing its direct-to-consumer strategy by establishing a new international content creation hub. Rebecca Campbell will lead this initiative as Chairman, International Content and Operations. Michael Paull has been appointed President of Disney Streaming, overseeing Disney+, Hulu, ESPN+, and Star+. Joe Earley has been named President of Hulu. Disney's streaming services have grown rapidly, with 179 million subscriptions as of fiscal 2021, and plans to expand to over 160 countries by fiscal 2023, supported by over 340 original titles in development.
The Walt Disney Company (NYSE: DIS) will host a live audio webcast on February 9, 2022, at 4:30 p.m. ET to discuss its fiscal first-quarter 2022 financial results. The results will be made public after the close of regular trading on the same day. Investors can access the webcast through the company’s investor relations website.
The Walt Disney Company has appointed Horacio Gutierrez as its new Senior Executive Vice President, General Counsel and Secretary, effective February 1, 2022. Gutierrez, previously with Spotify, will succeed Alan Braverman, who's retiring after nearly two decades. With over 35 years of legal experience, Gutierrez will oversee Disney's global legal affairs, including compliance, litigation, and regulatory matters. His extensive background in technology law positions him as a valuable asset in navigating the complexities of the industry.
