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.
Trian Fund Management, which holds about 9.4 million shares (valued at $1 billion) of Disney (NYSE: DIS), has issued a letter to its shareholders urging a vote to elect Nelson Peltz to the board while withholding votes for Michael B.G. Froman. The letter highlights significant declines for Disney, including a market value loss exceeding $120 billion in 2022 and a 50% drop in earnings per share since 2018. Trian criticizes the current board for failing to prioritize accountability and proper leadership succession, asserting that changes are essential to restore shareholder value.
Trian Fund Management, which owns approximately 9.4 million shares valued at $900 million in The Walt Disney Company (NYSE: DIS), will file a preliminary proxy statement for Nelson Peltz's election to Disney’s Board at the 2023 Annual Meeting. Despite Disney's strengths, its share price is near an eight-year low, and total shareholder return has underperformed the S&P 500. Trian asserts that Disney is facing a crisis due to poor governance, strategy, and capital allocation. Peltz aims to enhance corporate governance and operational performance to boost shareholder value.
The Walt Disney Company (NYSE: DIS) has elected Mark G. Parker as the new Chairman of the Board, replacing Susan Arnold after her 15-year term. The Board recommends shareholders vote for all its nominees, rejecting Trian Group's candidate, Nelson Peltz. Parker, previously Executive Chairman of NIKE, aims to balance growth and profitability while focusing on CEO succession planning. The Board, with an average tenure of four years, is adjusting to enhance governance. Disney's long-term success and market strategies are highlighted amidst evolving industry dynamics.
The Walt Disney Company (NYSE: DIS) will discuss its fiscal first quarter 2023 financial results on a live audio webcast at 4:30 p.m. ET on February 8, 2023. The results will be made public after the market closes on the same day. Investors can access the webcast via the company’s investor relations website.
The Walt Disney Company (NYSE: DIS) announced that TRC Capital Investment Corp. has made an unsolicited mini-tender offer for 1,500,000 shares of Disney stock at $85.00 per share, lowered from a previous offer of $89.15. Disney advises shareholders not to accept the offer as it is below the current market price, emphasizing that TRC is not affiliated with Disney and that mini-tender offers lack the same investor protections as larger offers. The offer expires on January 12, 2023, and as of December 27, 2022, no shares had been tendered.
Disney+ has launched its ad-supported subscription plan in the U.S., partnering with over 100 advertisers. This move expands consumer choice and includes plans for both Disney+ and Hulu + Live TV. New pricing starts at
The Walt Disney Company (NYSE: DIS) has appointed Robert A. Iger as CEO, effective immediately. Iger returns to lead the company for two years, following Bob Chapek's departure, aiming to navigate Disney through a complex industry transformation. Iger, who previously led Disney for 15 years, will work on strategic growth and succession planning. His past achievements include expanding Disney through acquisitions such as Pixar and Marvel and increasing market capitalization fivefold. The Board emphasized Iger's unique qualifications for this pivotal period.
The Michaels Organization has been selected by Walt Disney World to develop an attainable housing initiative on 80 acres in southwest Orange County, Florida. This project aims to provide over 1,300 affordable housing units for qualifying applicants, including Disney cast members. The collaboration supports Orange County's Housing for All action plan, addressing local housing affordability challenges. The initiative is expected to create jobs and follows Disney's commitment to community investment, including a $300K donation to local food banks this year.
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