Walt Disney Stock Price, News & Analysis

The Walt Disney Company has appointed Horacio Gutierrez as its new Senior Executive Vice President, General Counsel and Secretary, effective February 1, 2022. Gutierrez, previously with Spotify, will succeed Alan Braverman, who's retiring after nearly two decades. With over 35 years of legal experience, Gutierrez will oversee Disney's global legal affairs, including compliance, litigation, and regulatory matters. His extensive background in technology law positions him as a valuable asset in navigating the complexities of the industry.

The Walt Disney Company (NYSE: DIS) has extended Christine M. McCarthy’s contract as Senior Executive Vice President and Chief Financial Officer until June 30, 2024. McCarthy, a 22-year veteran of the company, has served as CFO since 2015. CEO Bob Chapek praised her critical role in navigating the firm through challenging times and her contributions to Disney’s growth. McCarthy oversees a broad range of financial operations and expressed her commitment to advancing the company’s strategic initiatives to enhance shareholder value.

The Walt Disney Company's annual meeting of shareholders is scheduled for March 9, 2022, at 1:00 p.m. ET.

This virtual meeting will be accessible via webcast at www.disney.com/investors.

For inquiries, investors can contact Investor Relations through Tammy Munsey at tamara.munsey@disney.com or call (818) 560-8273.

The Walt Disney Company (NYSE: DIS) has appointed Geoff Morrell as Chief Corporate Affairs Officer, effective January 24, 2022. Morrell will oversee Corporate Communications, Global Public Policy, Government Relations, CSR, and ESG teams. Previously, he served as Executive Vice President of Communications and Advocacy at bp. Bob Chapek, Disney's CEO, emphasized the importance of coordinated communication amid industry changes. Morrell's appointment follows the upcoming retirements of key executives Zenia Mucha and Alan Braverman, marking a significant leadership shift at Disney.

The Walt Disney Company (NYSE: DIS) has appointed Susan E. Arnold as Chairman of the Board, effective December 31, 2021, succeeding Robert A. Iger. Arnold, a Board member since 2007 and independent Lead Director since 2018, is poised to guide Disney's continued success, emphasizing shareholder interests. Iger, who has led Disney since 2012 and as Executive Chairman since 2020, expressed gratitude for her leadership skills. Arnold's extensive experience includes roles at The Carlyle Group and Procter & Gamble, ensuring her readiness for this pivotal position.

Disney has launched the Mickey and Friends Stay True: Stay-Cation, a nationwide campaign featuring six immersive city guides inspired by the Sensational Six. Kicking off on November 20 in New York City, fans can join free activities at Staycation HQ and enjoy exclusive giveaways. The campaign extends to five more cities: Washington, D.C., Los Angeles, Austin, Chicago, and Salt Lake City until December 2021. New product collaborations include Morphe and BaubleBar, enhancing the Stay-Cation experience.

The Walt Disney Company (NYSE: DIS) reported Q4 and FY 2021 results, achieving diluted EPS from continuing operations of $0.09, up from a loss of $0.39 year-over-year. Excluding certain items, diluted EPS rose to $0.37 from a loss of $0.20. Revenues increased 26% to $18.5 billion, with total annual revenues at $67.4 billion, a 3% rise. However, segment operating income fell 4%, driven by challenges in Parks and Media. Disney+ subscriptions reached 179 million, a 60% increase year-over-year. The full-year results reflect ongoing recovery from COVID-19 impacts.

IMAX, in partnership with Disney and Xperi, announces the launch of IMAX Enhanced on Disney+, debuting on November 12. This service allows fans to stream 13 Marvel titles in IMAX's Expanded Aspect Ratio, offering up to 26% more picture. Key films include Shang-Chi, Avengers: Endgame, and Black Panther, enhancing the home viewing experience. The collaboration aims to provide immersive audio and visual technology in the future. The Marvel Cinematic Universe has grossed over $1.6 billion in IMAX, solidifying its dominance in the market.

The Walt Disney Company launched its 2021 Disney Ultimate Toy Drive on November 4, 2021, donating $500,000 to the Marine Toys for Tots Program. Running until December 14, fans can participate by donating toys online or at designated Disney locations. This initiative highlights Disney's long-standing partnership with Toys for Tots, dating back to 1947. Disney will promote the drive through various networks and events, encouraging community participation and support for children in need.