Walt Disney Stock Price, News & Analysis

Disney and FuboTV have announced a definitive agreement to combine Disney's Hulu + Live TV business with Fubo, creating a combined virtual MVPD company. Under the agreement, Disney will own 70% of Fubo, while the existing Fubo management team will operate the combined business.

The merged entity will have over 6.2 million North American subscribers and will continue to offer Fubo and Hulu + Live TV as separate services. As part of the deal, Fubo will create a new Sports & Broadcasting service featuring Disney's sports and broadcast networks, including ABC, ESPN, and ESPN+.

The transaction includes a $220 million aggregate cash payment to Fubo from Disney, FOX, and Warner Bros. Discovery as part of litigation settlement. Disney has also committed to provide a $145 million term loan to Fubo in 2026. The combined company is projected to be cash-flow positive immediately after closing.

Disney (NYSE: DIS) has announced it will host a live audio Q&A webcast to discuss its fiscal first quarter 2025 financial results on Wednesday, February 5, 2025, at 8:30 a.m. ET / 5:30 a.m. PT. The company will release its financial results and management's prepared remarks on its investor relations website (www.disney.com/investors) before regular trading begins on the same day. The webcast will be archived for future reference.

Disney (NYSE: DIS) has declared a cash dividend of $1.00 per share, marking a significant 33% increase from the previous $0.75 per share paid during fiscal year 2024. The dividend will be distributed in two equal installments of $0.50 per share, with payments scheduled for January 16, 2025 and July 23, 2025. CEO Robert A. Iger attributes this increase to the company's successful year and strategic improvements in quality, innovation, efficiency, and value creation.

Disney has announced that CFO Hugh Johnston will participate in a Q&A session at the UBS Global Media and Communications Conference on December 9, 2024, at 1:30 p.m. ET. The session will be available via live stream on Disney's investor relations website, with a recording archived for later viewing. This appearance marks an important opportunity for investors to gain insights into Disney's financial strategy and outlook.

Reliance Industries (RIL) and The Walt Disney Company (DIS) have completed their merger to form a joint venture combining their media and streaming businesses in India. The transaction values the JV at ₹70,352 crore (~US$8.5 billion). RIL has invested ₹11,500 crore (~US$1.4 billion) for growth capital. The ownership structure comprises RIL (16.34%), Viacom18 (46.82%), and Disney (36.84%). The JV will operate over 100 TV channels, produce 30,000+ hours of TV content annually, and manage digital platforms JioCinema and Hotstar with 50+ million subscribers. The combined entity reports pro forma revenue of approximately ₹26,000 crore (~US$3.1 billion) for FY2024.

The Walt Disney Company (NYSE: DIS) shared commentary from CEO Robert A. Iger and CFO Hugh F. Johnston on its fiscal full year and fourth quarter 2024 financial results. The company has posted its earnings release and Form 10-K on its investor website. A live audio webcast with Q&A to discuss the results will be held today at 8:30 a.m. ET / 5:30 a.m. PT, and it will be archived for later access. For more details, visit www.disney.com/investors.

Disney (DIS) reported Q4 and full-year 2024 results with revenues increasing 6% to $22.6 billion in Q4 and 3% to $91.4 billion for the year. Q4 diluted EPS rose 79% to $0.25, while full-year EPS more than doubled to $2.72. Entertainment segment showed significant improvement with $1.1 billion operating income. Disney+ Core and Hulu reached 174 million subscriptions, with Disney+ Core adding 4.4 million paid subscribers. The company provided guidance for fiscal 2025-2027, projecting high-single digit adjusted EPS growth for 2025 and double-digit growth for 2026-2027.

The Walt Disney Company (NYSE: DIS) has launched its 2024 Disney Ultimate Toy Drive supporting the Marine Toys for Tots Program. The campaign includes a new PSA titled 'Dear Santa' featuring Gina Rodriguez, which will air across Disney's networks and platforms. Last year, the program delivered over 25 million toys to 10.3 million children. Fans can participate by donating toys online through December 24, 2024, or in person at Disney Store locations, Downtown Disney District, and Disney Springs through December 13, 2024. The initiative will be promoted across Disney's platforms, including ESPN, ABC, ABC News, and Disney Theatrical Group.

Frost & Sullivan has released the 2024 Global Blockchain Hardware Industry White Paper, providing comprehensive insights into market trends and opportunities in the blockchain hardware sector. The report highlights key developments including the improvement in Bitcoin mining hardware efficiency from 516.6 J/TH in 2016 to 29.6 J/TH in 2024, and notes that Canaan (NASDAQ: CAN) ranked second in computing power sold among Bitcoin hardware providers in 2023. The white paper analyzes various aspects including DeFi growth, cryptocurrency adoption, NFT market expansion (reaching $48.74 billion in 2023), and the industry's shift towards green technologies, with renewable energy now accounting for up to 78% of mining energy sources.