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's Board of Directors has appointed James P. Gorman as the new Chair of its Succession Planning Committee. Gorman, who joined Disney's Board earlier this year, brings valuable experience from overseeing the recent succession process at Morgan Stanley. The Committee, which includes directors Mark G. Parker, Mary T. Barra, and Calvin R. McDonald, is tasked with identifying and preparing the next CEO of Disney.
The Board has intensified its succession planning efforts since January 2023, with the Committee meeting six times in fiscal 2024. The process involves evaluating both internal and external candidates, with internal candidates undergoing preparation that includes mentorship from current CEO Robert A. Iger. The Board is committed to a deliberate and expeditious succession planning process to ensure a smooth transition of leadership aligned with Disney's long-term strategic goals.
Disney (NYSE: DIS) has appointed Adam Smith as the new Chief Product & Technology Officer for Disney Entertainment and ESPN. Smith, who joins from YouTube, will oversee a global Product and Technology group spanning Disney's entertainment and sports media businesses. His responsibilities include driving technology strategy, development, and innovation across the company's streaming platforms, networks, consumer digital touchpoints, and advertising technology.
Smith brings over 20 years of experience from Google and YouTube, where he most recently served as Vice President of Product Management. He played a key role in building YouTube's consumer-facing products and driving its Music and Premium offering to over 100 million subscribers. Smith will report jointly to Disney Entertainment Co-Chairmen Alan Bergman and Dana Walden, and ESPN Chairman Jimmy Pitaro, starting September 3.
The Walt Disney Company (NYSE: DIS) has released its fiscal third quarter 2024 financial results, along with prepared commentary from CEO Robert A. Iger and CFO Hugh F. Johnston. The company will host a live audio Q&A webcast to discuss the results at 8:30 a.m. ET / 5:30 a.m. PT. Investors can access the earnings release, Form 10-Q, and executive commentary at www.disney.com/investors. The webcast will also be available at the same website and will be archived for future reference.
The Walt Disney Company (NYSE: DIS) reported strong Q3 2024 financial results, with revenues increasing to $23.2 billion from $22.3 billion year-over-year. Diluted EPS rose to $1.43 from a loss of $0.25 in the prior-year quarter. Adjusted EPS grew 35% to $1.39. Key highlights include:
1. 19% growth in total segment operating income
2. Entertainment segment operating income nearly tripled
3. Streaming businesses achieved profitability one quarter ahead of guidance
4. Inside Out 2 became the highest-grossing animated film of all time
5. ESPN operating income grew by 4%
6. Experiences revenue increased by 2%, but operating income decreased by 3%
Disney raised its full-year adjusted EPS growth target to 30%. The company expects modest Disney+ Core subscriber growth in Q4 and anticipates a mid-single-digit decline in Q4 Experiences segment operating income.
The Walt Disney Company (NYSE: DIS) has announced the departure of Safra A. Catz, CEO of Oracle Corp., from its Board of Directors after six years of service. Robert A. Iger, Disney's CEO, praised Catz's contributions, particularly her insights on strategic planning amid technological changes affecting the company's businesses. Catz expressed gratitude for her time on the Board and confidence in Disney's future. With her departure, Disney's Board has been reduced from 12 to 11 directors.
The Walt Disney Company (NYSE: DIS) has announced plans to host a live audio Q&A webcast to discuss its fiscal third quarter 2024 financial results. The event is scheduled for Wednesday, August 7, 2024, at 8:30 a.m. ET / 5:30 a.m. PT. Prior to the webcast, Disney will release its financial results and post prepared written management remarks on their investor relations website before the opening of regular trading on the same day.
Interested parties can access the Q&A webcast at www.disney.com/investors. The company will archive the webcast for future reference. This event provides an opportunity for investors and analysts to gain insights into Disney's financial performance and future outlook directly from company executives.
The Walt Disney Company has launched a global celebration to honor 90 years of Donald Duck, starting with an exclusive reveal on Good Morning America. The campaign showcases over 70 Donald Duck-themed products from more than 20 licensees, including renowned brands such as American Tourister and Loungefly. Fans can look forward to additional products from brands like Forever 21 and GAP. Two newly restored Donald Duck shorts will premiere on Disney+ on June 9, alongside a new short, D.I.Y. Duck, marking Donald's first starring role since 1961. Celebrations at Tokyo Disney Resort and Hong Kong Disneyland will feature themed decorations, parades, and special merchandise. A brand spot commemorating Donald's legacy will also debut on June 9.
Bob Iger, CEO of The Walt Disney Company, will participate in MoffettNathanson's Media, Internet & Communications Conference on May 15, 2024. Investors can stream the session live on Disney's investor website. The event will provide insights into the company's future strategies and industry trends.
The Walt Disney Company (NYSE: DIS) reported earnings for the second quarter of fiscal 2024, showing an increase in revenues to $22.1 billion. Diluted EPS decreased to a nominal loss due to goodwill impairments but excluding certain items, it increased to $1.21. The company achieved strong double-digit growth in adjusted EPS and raised its full-year adjusted EPS growth target to 25%. Disney+ Core subscribers and ARPU both saw positive growth. The Entertainment Direct-to-Consumer business was profitable, and the Experiences business showed revenue growth and margin expansion.
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