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Walt Disney Co (The) - DIS STOCK NEWS

Welcome to our dedicated news page for Walt Disney Co (The) (Ticker: DIS), a resource for investors and traders seeking the latest updates and insights on Walt Disney Co (The).

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Walt Disney Co (The)'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Walt Disney Co (The)'s position in the market.

Rhea-AI Summary
The Walt Disney Company (DIS) will discuss fiscal second quarter 2024 financial results via a live audio webcast on May 7, 2024. Results will be released before the opening of regular trading. Investors can listen to the webcast on www.disney.com/investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.53%
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Rhea-AI Summary
The Walt Disney Company (DIS) announced the successful election of all 12 directors at the 2024 Annual Meeting of Shareholders, defeating Trian and Blackwells nominees. Shareholders voted for the recommended Disney Board nominees, expressing trust in the company's future amidst industry changes. Both the Chairman and CEO expressed gratitude and commitment to focusing on growth, value creation, and creative excellence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.13%
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Rhea-AI Summary
Walt Disney Company (DIS) urges shareholders to vote for its 12 director nominees to drive profitable growth and value creation. The company highlights its strategic transformation, stock price increase, and commitment to shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.14%
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none
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.88%
Tags
conferences
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.26%
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none
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.62%
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conferences
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.5%
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none
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.5%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.07%
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Walt Disney Co (The)

NYSE:DIS

DIS Rankings

DIS Stock Data

209.13B
1.83B
0.07%
67.49%
1.07%
Entertainment
Communication Services
Link
United States
Burbank

About DIS

The Walt Disney Company, commonly known as Disney, is an American multinational, mass media and entertainment conglomerate that is headquartered at the Walt Disney Studios complex in Burbank, California.