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) CEO Bob Iger will participate in a Q&A session at the Morgan Stanley Technology, Media and Telecom Conference on March 9, 2023, starting at 12:45 p.m. ET. Investors can access the live stream at disney.com/investors. The session will also be archived for later viewing.
Patrick Mahomes, quarterback for the Kansas City Chiefs, celebrated his team's Super Bowl victory by starring in Disney's iconic commercial, declaring, "I'm Going to Disneyland!" This announcement followed the Chiefs' thrilling 38-35 win over the Philadelphia Eagles, marking their second championship in four years. On February 13, 2023, Mahomes participated in a celebratory cavalcade at Disneyland Resort in California, with festivities coinciding with Disney's 100th anniversary. The event featured new attractions and special experiences for guests, honoring the company's legacy and engaging fans with Mahomes' joyful celebration.
The Walt Disney Company celebrates its 100th anniversary on October 16, 2023, honoring its legacy with various events and releases throughout the year. A special Super Bowl LVII commercial highlights a century of storytelling, showcasing iconic Disney moments. CEO Robert A. Iger expressed gratitude to fans for their enduring relationship with Disney. Upcoming releases include Ant-Man and The Wasp: Quantumania on February 17, and Wish on November 22. The Disney100: The Exhibition will premiere in Philadelphia, featuring original artifacts. Special celebrations at Disney Parks have already begun.
Disney's Fairy Tale Weddings & Honeymoons, in collaboration with Allure Bridals, has launched its 2023 bridal collection featuring gowns inspired by Disney Princesses such as Ariel, Cinderella, and Tiana. The collection includes 21 unique designs showcased during a fashion show at Disneyland Resort. New materials like signature sparkle tulle and laser-cut lace are highlighted, with prices starting at $1,799. Additionally, the first-ever collection of bridesmaid gowns will debut in Fall 2023. Disney is also introducing a new Cinderella-inspired coach at Disneyland Resort. The brand celebrates over 100 wedding venues worldwide for couples.
The Walt Disney Company (NYSE:DIS) has announced a strategic restructuring aimed at enhancing creativity and accountability. Effective immediately, Disney will be divided into three main segments: Disney Entertainment, ESPN, and Disney Parks, Experiences and Products. Each segment will have full operational and financial responsibility, enabling improved operational efficiency. The restructuring emphasizes the importance of streaming, positioning Disney's platforms for sustainable growth. CEO Robert A. Iger highlighted the commitment to return creativity to the forefront, with leadership from Alan Bergman and Dana Walden for Disney Entertainment, and Jimmy Pitaro overseeing ESPN.
The Walt Disney Company (NYSE: DIS) announced that Trian Fund, led by Nelson Peltz, will no longer pursue a proxy contest, thereby alleviating a potential distraction for the company. Disney’s Board expressed appreciation for Trian’s decision and reaffirmed its commitment to a century of creativity and sustainable growth. The statement emphasized confidence in CEO Bob Iger's leadership and vision for Disney’s future. Additionally, Disney looks forward to engaging with shareholders during the upcoming annual meeting on April 3, 2023, where all shareholders of record as of February 8, 2023, can vote.
Trian Fund Management, which owns about 9.4 million shares of The Walt Disney Company (NYSE: DIS) valued at approximately $1 billion, has issued a supportive statement regarding Disney's recent operational initiatives under CEO Bob Iger. Trian praised these actions as beneficial for shareholders and aligned with their views. They are pleased with Disney's commitment to restoring its dividend and are withdrawing their nomination of Nelson Peltz as a director to prevent a proxy contest, allowing Disney's management to focus on long-term value creation.
Disney has announced the global digital pre-orders for Disney Illusion Island, a 2D platform adventure game set to launch exclusively on Nintendo Switch on July 28, 2023. The game is priced at $39.99 and allows up to four players to explore the vibrant island of Monoth. Players will join iconic characters such as Mickey Mouse and friends in their quest to recover three magical Tomes. The game features engaging gameplay and hand-drawn art. This collaboration with developer Dlala Studios aims to deliver a whimsical experience for Disney fans and gamers alike.
The Walt Disney Company (NYSE: DIS) reported an 8% revenue increase to $23.5 billion in Q1 2023, driven largely by the Disney Parks, Experiences, and Products segment, which saw a 21% growth. Diluted EPS rose to $0.70, an 11% year-over-year increase, although EPS excluding certain items fell to $0.99, down 7%. The company noted a significant transformation to optimize operations and reduce costs. Notably, cash used in operations surged to $974 million, a $765 million increase from the previous year, indicating financial strain. Total segment operating income decreased by 7%, reflecting challenges in Disney Media and Entertainment Distribution.
The Walt Disney Company Board of Directors (NYSE:DIS) has issued a statement regarding Trian Group's proposed board nominations, specifically opposing Nelson Peltz and his son as candidates. The Board believes their election could jeopardize Disney's strategic management during a crucial period for the company. They expressed confidence in board member Michael Froman, emphasizing his extensive background in global trade and international business as vital for navigating risks and opportunities. Disney plans to send out proxy materials soon, urging shareholders to disregard Trian's blue proxy card and to await their own WHITE card for informed voting.
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