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 (DIS) is a global leader in entertainment and media, renowned for its streaming platforms, theme parks, and iconic franchises. This dedicated news hub provides investors and stakeholders with timely updates on corporate developments, financial performance, and strategic initiatives.
Access official press releases alongside curated analysis covering Disney's diversified operations across entertainment networks, sports broadcasting, and consumer experiences. Track key announcements including earnings reports, content partnerships, streaming innovations, and theme park expansions.
Our continuously updated repository serves as your primary source for understanding Disney's market position and operational strategies. Bookmark this page for direct access to critical updates that shape one of the world's most influential media conglomerates.
Disney+ has achieved a milestone of 100 million global paid subscribers within 16 months of its launch, as announced by CEO Bob Chapek during the virtual Annual Meeting of Shareholders. This success has prompted Disney to increase its content investment, targeting over 100 new titles annually, covering franchises like Marvel and Star Wars. Disney+ launched on November 12, 2019, and has expanded rapidly, now available in various international markets. The company emphasizes its direct-to-consumer business as a top priority for future growth.
Bob Chapek, CEO of The Walt Disney Company (NYSE: DIS), will participate in a Q&A session at the Morgan Stanley Technology, Media and Telecommunications Conference on March 1, 2021, at 3:45 p.m. PT / 6:45 p.m. ET. Investors can listen to the live webcast by visiting www.disney.com/investors, where the presentation will also be archived for later access. This event presents an opportunity for shareholders and stakeholders to gain insights into Disney's strategies and future directions.
The Walt Disney Company (NYSE: DIS) reported a significant earnings decline for the first fiscal quarter ended January 2, 2021, with diluted EPS from continuing operations plunging by 98% to $0.02, down from $1.17 year-over-year.
Excluding certain items, EPS fell by 79% to $0.32. Revenues dropped 22% to $16.25 billion, primarily due to COVID-19's impact on Disney Parks and Experiences, which saw losses of approximately $2.6 billion. Despite these setbacks, Disney's direct-to-consumer segment showed growth, achieving over 146 million paid subscriptions across its streaming platforms.
Disney is launching nuiMOs, miniature plush toys available in North America and Europe starting January 19, enhancing its product line in the global market. These plush characters, popular in Asia, include iconic figures like Mickey Mouse and Stitch, and will be sold on shopDisney.com and in select Disney Parks. New accessories and outfits will be introduced monthly from February, catering to current trends. Each plush is priced at $17.99 USD, with outfits starting at $12.99 USD.
The Walt Disney Company (NYSE: DIS) will present its fiscal first quarter 2021 financial results on February 11, 2021, with a live audio webcast at 4:30 p.m. ET. Results will be made available after the market closes on the same day. Investors can access the webcast via www.disney.com/investors, where an archived version will also be available for later viewing.
Alan Bergman has been appointed Chairman of Disney Studios Content, effective January 1, 2021, as announced by CEO Bob Chapek. Alan Horn continues as Chief Creative Officer. Both have led the Studios since 2019. Bergman will oversee operations for Disney's renowned studios, while Horn focuses on creative content. Bergman, a 24-year Disney veteran, has been pivotal in major integrations like Pixar and Marvel. Under their leadership, Disney Studios achieved historic box office milestones, surpassing $11 billion in 2019, and released numerous blockbuster films.
The Walt Disney Company (NYSE: DIS) will hold its annual shareholder meeting on March 9, 2021, at 1:00 p.m. ET. The meeting will be conducted virtually, accessible via webcast on the company's investor relations website. This event allows shareholders to engage with company leadership while ensuring safety amid ongoing health concerns. Shareholders can participate by tuning into the webcast at www.disney.com/investors.
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