Tag: Business
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Disney+ Gets 64% Lift in Downloads Thanks to Hamilton
This weekend Disney+ released the hit Broadway musical, Hamilton. Originally the film was purchased with the intent for it to be released on the silver screen. However, with the impacts of the coronavirus, the musical’s release was moved from the big screen to home screens via Disney+. The release date was also pushed forward. After spending…
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Disney Returns Ad Sales Division to Media Networks Group
Following the departure of former chairman of Disney’s Direct-to-Consumer & International (DTCI) segment Kevin Mayer on Monday to become the new CEO at TikTok, the company has opted to shift its ad sales and media distribution divisions from DTCI to its Media Networks group, effective immediately. This means Rita Ferro, president of Disney advertising sales,…
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The Walt Disney Company Announces Commencement of Registered Exchange Offer for Notes Issued in Connection With Prior Private Exchange Offer
BURBANK, Calif., October 22, 2019 – The Walt Disney Company (the “Company”) (NYSE: DIS) announced today the commencement of its offer to exchange (the “Registered Exchange Offer”) any and all of the $14,098,439,000 aggregate principal amount of its outstanding senior unsecured notes (the “Private Placement Notes”) previously issued pursuant to an exemption from the registration…
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Disney Reportedly in Discussions with Comcast to Purchase Remaining 30% Hulu Stake
The Walt Disney Company and Comcast are reportedly in discussions over the purchase of Comcast’s remaining 30% stake in Hulu. This continues Disney’s aggressive foray into the digital streaming market. The news comes from CNBC. While discussions are happening, this does not necessarily mean a deal with happen. Comcast is weighing when and how the…
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The Walt Disney Company Reports First Quarter Earnings For Fiscal 2019
BURBANK, Calif.–The Walt Disney Company (NYSE: DIS) today reported quarterly earnings for its first fiscal quarter ended December 29, 2018. Diluted earnings per share (EPS) for the quarter decreased 36% to $1.86 from $2.91 in the prior-year quarter. Excluding certain items affecting comparability(1), EPS for the quarter decreased 3% to $1.84 from $1.89 in the…
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Fox Will Be Ready for Merger Deal to Close on January 1, 2019 Says Fox Exec Peter Rice
In a meeting with employees earlier this week, Fox executive Peter Rice shared that Fox will be ready to merge with Disney on January 1, 2019. While this does not mean that the deal will actually close on January 1st, it does mean that the structure of New Fox will be ready to go on…
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Star Wars: The Last Jedi Takes Lucasfilm Deal Past Sale Price
There is a lot of news in the Star Wars universe since Disney purchased Lucasfilm five years ago. The $4.06 billion price tag at the time was a big number but now as Star Wars: The Last Jedi pushes towards making $1 billion itself, the investment by Disney in Lucasfilm is definitely paying off. It…
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Disney CEO Bob Iger To Delay Retirement to 2021
Bob Iger has announced that he will be delaying his retirement again. This comes as part of a deal for Disney to acquire major elements of 21st Century Fox. Because of the complexities of this deal, Iger has extended his contract to 2021 to oversee the acquisition. Bob Iger succeeded Michael Eisner as the CEO…
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Disney Adds Two New People to Board of Directors
The Disney board has nominated two new people to join its ranks. Oracle CEO Safra Catz and Francis deSouza, president and CEO of biotechnology firm Illumina Inc. will be joining the board on February 1st. Catz said in a statement to the Los Angeles Time that she looks forward to working with the board in continuing its rich…
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Disney CEO Bob Iger to Delay Retirement Again?
Reports are coming out that Disney CEO and Chairman Bob Iger might not be retiring as initially thought in 2019. Due to a deal that is in the works withTwenty-First Century Fox Inc, Iger may stay at The Walt Disney Company to facilitate the integration of the Fox’s integration into the company. According to Reuters,…
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Disney Parks and Resorts Chairman Bob Chapek in Contention to Succeed Bob Iger as Walt Disney Company CEO
In 2019 Disney Chairman and CEO Bob Iger is set to step down. Recently Iger confirmed his intention to retire. This has left both the business and Disney communities speculating about who is replacement would be. With under two years to go until Iger retires, the transition would need to get underway to set up a…
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ESPN & Disney Channel Could be Sold Directly to Consumers One Day Says Disney CEO
Bob Iger, the CEO of The Walt Disney Company, told CNBC’s Squack Box on Monday that he could envision a day when the Disney Channel and ESPN is sold directly to consumers. This would be similar to the model being utilized to by HBO. “If we end up seeing more erosion in the so-called multichannel…
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Disney CEO Robert Iger Shares Vision at Fortune Global Forum in China
Disney CEO Robert Iger joined a panel entitled “Tapping into China’s Changing Culture: An FGF Town Hall” recently. During this discussion he shared about the growing importance of China as a place of business for the Walt Disney Company. He also talked about lessons learned and some of what he sees for the future of…
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Disney Unveils Vision for Disney Springs
DAPs Magic Disney News – PRESS RELEASE Downtown Disney Expansion Brings New Shops, Dining, Entertainment to Guests and Economic Boost for Central Florida LAKE BUENA VISTA, Fla., March 14, 2013 – Walt Disney World Resort today announced the multi-year transformation of Downtown Disney into Disney Springs, a unique destination that will treat guests to significantly more…
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Disney to Acquire Controlling Interest in UTV Software Communications Limited (UTV) in India
DAPs Magic Disney News- PRESS RELEASE Burbank, Calif. and Mumbai, India (January 31/February 1, 2012) – The Walt Disney Company (NYSE: DIS) announced today it will acquire, through a subsidiary, a controlling interest in UTV, one of India’s premier media and entertainment companies. The acquisition will be completed through a successful delisting offer and will enable…
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THE WALT DISNEY COMPANY BOARD INCREASES ANNUAL CASH DIVIDEND BY 50 PERCENT TO $0.60 PER SHARE
DAPs Magic Disney News – PRESS RELEASE BURBANK, Calif., November 30, 2011 – The Walt Disney Company (NYSE: DIS) board today declared an annual cash dividend of $0.60 per share, up 50 percent, or $0.20 per share, from the previous year. The dividend is payable on January 18, 2012 to shareholders of record at the close…