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) 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.
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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.
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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.
The Walt Disney Company (NYSE: DIS) announced significant details regarding its global streaming strategy at the 2020 Investor Day. The company revealed it has surpassed 137 million global paid subscriptions across its streaming services, including Disney+, Hulu, and ESPN+. Disney+ aims for 300-350 million subscriptions by fiscal 2024, driven by an increase in original content, targeting over 100 titles a year. The company is also launching the international brand Star and a new streaming service, Star+, expanding its content library significantly.
The Walt Disney Company (NYSE: DIS) will host its Investor Day 2020 via webcast on December 10, 2020, starting at 4:30 p.m. ET. The event will focus on the Company's direct-to-consumer streaming services and is expected to last around four hours. Interested investors can view the webcast and access archived presentations at www.disney.com/investors.