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 (NYSE: DIS) regularly issues news and disclosures that reflect its role as a diversified international entertainment and media enterprise with three business segments: Entertainment, Sports, and Experiences. News about Disney often centers on developments in these segments, including streaming, sports broadcasting, theme parks, cruises, consumer products, and corporate initiatives.
Recent press releases highlight a range of topics. Disney has announced the creation of a new enterprise marketing and brand organization, with Asad Ayaz named Chief Marketing and Brand Officer to lead a unified marketing structure across the company’s businesses. The company also communicates scheduling for live audio webcasts where executives discuss fiscal quarter and full-year financial results, with earnings materials posted for investors.
Corporate governance and leadership updates are another recurring news theme. Disney has reported the Board’s nomination of Jeffrey E. Williams, former Chief Operating Officer of Apple Inc., for election as an independent director, and has disclosed amendments to employment agreements for senior executives in areas such as finance, legal, communications, and human resources.
Strategic partnerships and collaborations feature prominently in Disney’s news flow. A joint announcement with FuboTV Inc. details the closing of a transaction combining Fubo’s business with Disney’s Hulu + Live TV business, creating a larger vMVPD platform while maintaining Fubo and Hulu + Live TV as separate offerings. Another joint release with OpenAI describes a three-year licensing agreement that allows Sora to generate short videos using Disney, Marvel, Pixar, and Star Wars characters, and outlines Disney’s plans to use OpenAI’s APIs and deploy ChatGPT for employees.
Disney-related news also covers branded experiences and consumer products. For example, Disney Consumer Products has announced a collaboration with Formula 1, including the “Fuel the Magic” campaign and a Disney x Formula 1 merchandise line tied to the Las Vegas Grand Prix. Together, these updates give investors and followers of DIS stock insight into Disney’s segment performance, partnerships, organizational changes, and brand-focused initiatives.
The Walt Disney Company (NYSE: DIS) has announced plans to host a live audio Q&A webcast to discuss its fiscal third quarter 2024 financial results. The event is scheduled for Wednesday, August 7, 2024, at 8:30 a.m. ET / 5:30 a.m. PT. Prior to the webcast, Disney will release its financial results and post prepared written management remarks on their investor relations 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. This event provides an opportunity for investors and analysts to gain insights into Disney's financial performance and future outlook directly from company executives.
The Walt Disney Company has launched a global celebration to honor 90 years of Donald Duck, starting with an exclusive reveal on Good Morning America. The campaign showcases over 70 Donald Duck-themed products from more than 20 licensees, including renowned brands such as American Tourister and Loungefly. Fans can look forward to additional products from brands like Forever 21 and GAP. Two newly restored Donald Duck shorts will premiere on Disney+ on June 9, alongside a new short, D.I.Y. Duck, marking Donald's first starring role since 1961. Celebrations at Tokyo Disney Resort and Hong Kong Disneyland will feature themed decorations, parades, and special merchandise. A brand spot commemorating Donald's legacy will also debut on June 9.
Bob Iger, CEO of The Walt Disney Company, will participate in MoffettNathanson's Media, Internet & Communications Conference on May 15, 2024. Investors can stream the session live on Disney's investor website. The event will provide insights into the company's future strategies and industry trends.
The Walt Disney Company (NYSE: DIS) reported earnings for the second quarter of fiscal 2024, showing an increase in revenues to $22.1 billion. Diluted EPS decreased to a nominal loss due to goodwill impairments but excluding certain items, it increased to $1.21. The company achieved strong double-digit growth in adjusted EPS and raised its full-year adjusted EPS growth target to 25%. Disney+ Core subscribers and ARPU both saw positive growth. The Entertainment Direct-to-Consumer business was profitable, and the Experiences business showed revenue growth and margin expansion.
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