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.
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The Walt Disney Company (DIS) will hold its annual shareholder meeting on April 3, 2024, with live webcast available for investors. Management will provide insights on the company's performance and future plans.
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In a recent report, ISS recommends Disney shareholders vote 'FOR' 11 of Disney’s director nominees, praising positive changes to the Board and the directors' relevant experiences. However, Disney disagrees with ISS's support for Trian nominee Nelson Peltz, emphasizing Maria Elena Lagomasino's valuable expertise. Disney urges shareholders to vote 'FOR' all 12 of Disney’s Director Nominees on the WHITE proxy card.
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Reliance Industries Limited, Viacom 18 Media Private Limited, and The Walt Disney Company are forming a joint venture in India to merge Viacom18 and Star India businesses, creating a leading TV and digital streaming platform. Reliance to invest ₹11,500 crore in the JV, valued at ₹70,352 crore. Disney to provide content license to the JV, aiming to revolutionize the media and entertainment industry in India.
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Bob Iger, CEO of The Walt Disney Company (DIS), will participate in a Q&A session at the Morgan Stanley Conference. The session will be live-streamed and archived on the company's website.
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Disney announces a collaboration with Epic Games to create a new games and entertainment universe, with Disney investing $1.5 billion for an equity stake in Epic Games. The collaboration will bring together Disney's beloved brands and franchises with the hugely popular Fortnite, offering opportunities for consumers to play, watch, shop, and engage with content, characters, and stories from Disney, Pixar, Marvel, Star Wars, Avatar, and more. The transaction is subject to customary closing conditions, including regulatory approvals. Disney's games business has continued to deliver strong results since shifting to a licensing business model in 2016, with licensed games from Disney garnering more than 150 award nominations, wins, and other accolades in 2023.
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The Walt Disney Company (DIS) reported Q1 2024 earnings with revenues of $23.5 billion, comparable to the prior year. Diluted EPS increased to $1.04 from $0.70. Excluding certain items, diluted EPS increased to $1.22 from $0.99. The company is on track to meet or exceed its $7.5 billion annualized savings target by the end of fiscal 2024. Expectations for full year fiscal 2024 earnings per share excluding certain items to increase by at least 20% versus 2023, to approximately $4.60. The company expects free cash flow generation in fiscal 2024 to total roughly $8 billion. Disney+ Core subscribers decreased sequentially by 1.3 million, while Hulu subscribers increased by 1.2 million from the prior quarter. ESPN’s domestic business grew both revenue and operating income year over year in the first quarter. In February 2024, the Board of Directors approved a new share repurchase program effective February 7, 2024, targeting $3 billion in repurchases in fiscal 2024. The Board also declared a cash dividend of $0.45 per share, payable July 25, 2024.
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Disney's 2024 Annual Meeting is set for April 3, 2024, with the Board urging shareholders to vote the WHITE proxy card for Disney's 12 nominees only, and not for the Trian Group or Blackwells nominees. The Company has made substantial progress against objectives, focusing on brand and franchise assets, cost-cutting, and reinstating dividends. The Board believes its nominees are best qualified to create sustainable shareholder value.
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The Walt Disney Company and UNCF have announced the 2024 Disney UNCF Corporate Scholars program, providing financial support, mentorship, and internship opportunities for high-achieving students from four-year institutions across the country, including historically Black colleges and universities. The program offers industry-aligned pathways, scholarships, and professional development, aiming to empower the next generation of storytellers and innovators from underrepresented communities.
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The Walt Disney Company (DIS) has announced its recommended slate of 12 nominees for election at the 2024 Annual Meeting of Shareholders. The Board unanimously recommends shareholders vote for these nominees, highlighting their expertise in implementing strategic priorities and growing shareholder value. The Board also advises against voting for the nominees put forth by the Trian Group and the Blackwells Group. The average tenure of the current Board is six years, with a focus on long-term performance, strategic growth initiatives, succession planning, and increasing shareholder value.
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The Walt Disney Company (DIS) will discuss fiscal first quarter 2024 financial results via a live audio webcast on February 7, 2024. Results will be released after the close of regular trading. Investors can listen to the webcast at www.disney.com/investors.
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FAQ
What is the current stock price of The Walt Disney Company (DIS)?
The current stock price of The Walt Disney Company (DIS) is $115.65 as of November 22, 2024.
What is the market cap of The Walt Disney Company (DIS)?
The market cap of The Walt Disney Company (DIS) is approximately 207.8B.
What are the primary business segments of Disney?
Disney operates in three primary business segments: Entertainment, Sports, and Experiences.
What streaming services does Disney own?
Disney owns Disney+ and Hulu streaming services.
How has Disney adapted to the digital age?
Disney has embraced the digital age with the rapid growth of its streaming platforms like Disney+ and Hulu.
What are some of Disney's well-known franchises?
Disney's iconic franchises include Mickey Mouse, Star Wars, and Marvel.
Where is The Walt Disney Company headquartered?
Disney is headquartered at the Walt Disney Studios complex in Burbank, California.
What notable networks does Disney own in its Entertainment segment?
Disney owns the ABC broadcast network and several cable television networks.
What is included in Disney's Experiences segment?
Disney's Experiences segment includes its theme parks, vacation destinations, and merchandise licensing.
How has Disney's financial performance been recently?
Despite pandemic challenges, Disney has shown resilience with strong financial footing, driven by diverse revenue streams.
What role does ESPN play in Disney's portfolio?
ESPN and its streaming service, ESPN+, dominate Disney's sports segment, offering live sports and related content.
How does Disney distribute its movie and TV content?
Disney distributes content through theaters, other providers, and increasingly retains it for its own streaming platforms and networks.
The Walt Disney Company
NYSE:DIS
DIS Rankings
DIS Stock Data
207.75B
1.81B
0.06%
69.78%
0.97%
Entertainment
Services-miscellaneous Amusement & Recreation
United States of America
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