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) 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.
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The Walt Disney Company (NYSE: DIS) Board of Directors announced the suspension of semi-annual cash dividends for the second half of fiscal 2020 due to COVID-19's ongoing impact. This decision reflects a strategic shift towards prioritizing investments in direct-to-consumer initiatives. The company emphasized the move aims to enhance its competitive positioning in the evolving media landscape.
The Walt Disney Company (NYSE: DIS) reported a challenging fourth quarter for fiscal year 2020, with a diluted EPS loss of $0.39, down from a profit of $0.43 in the previous year. The pandemic severely impacted results, notably in the Parks segment, which saw a revenue decline of 61% to $2.6 billion. Total revenues fell 23% to $14.7 billion. However, direct-to-consumer services exceeded expectations, with Disney+ reaching over 73 million paid subscribers. The overall operating income suffered a loss of $580 million, compared to a gain of $1.25 billion in Q4 2019.
The first Mando Monday event launched today, featuring Star Wars products inspired by The Mandalorian. Hosted by actors Pedro Pascal, Carl Weathers, and Giancarlo Esposito, the global digital event showcased various merchandise, pre-orders available at 1 p.m. PT/4 p.m. ET through major retailers like shopDisney.com. Highlights include Hasbro's Retro Collection and a new line of skateboards. The program will unveil new products weekly until December 21, coinciding with the second season premiere of The Mandalorian on Disney+.
Disney store and shopDisney.com unveiled its 2020 Top 15 Holiday Toys list, featuring items inspired by beloved Disney, Pixar, Star Wars, and Marvel characters. The list highlights products such as the Arendelle Castle Play Set from Frozen 2 and The Mandalorian Talking Action Figure. This initiative marks the third consecutive year of sharing recommended gifts for the holiday season, as families increasingly seek creative entertainment options while spending more time at home. Notably, two highly anticipated items will remain undisclosed until October 26.
The Walt Disney Company (NYSE: DIS) has announced a strategic reorganization of its media and entertainment businesses to enhance its direct-to-consumer (DTC) strategy. The new structure centralizes distribution and monetization under a global Media and Entertainment Distribution organization, which will oversee all streaming services and P&L accountability. Content creation will be divided into three groups: Studios, General Entertainment, and Sports, each led by experienced executives. This shift aims to accelerate growth and increase shareholder value, with anticipated financial reporting changes starting in Q1 of fiscal 2021.
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The Walt Disney Company (NYSE: DIS) will release its fiscal full year and fourth quarter 2020 financial results on November 12, 2020, after market close. A live audio webcast will follow at 4:30 p.m. EST / 1:30 p.m. PST, allowing investors to listen in. The presentation will also be archived for later access.