Tag: The Walt Disney Company
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Disney, ESPN, and NFL Announce Long-Term Deal That Includes Super Bowls
The Walt Disney Company, ESPN, and the National Football League have reached a long-term agreement that spans 10 years. It allows for more postseason games on ABC/ESPN including the joining of the Super Bowl Rotation. It also provides for exclusive ESPN+ content, more regular-season matchups including Monday Night Football, and more. The deal was announced…
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The Walt Disney Company Executives To Discuss Fiscal Second Quarter 2021 Financial Results Via Webcast
BURBANK, Calif., March 15, 2021 – The Walt Disney Company (NYSE: DIS) will discuss fiscal second quarter 2021 financial results via a live audio webcast beginning at 4:30 p.m. ET / 1:30 p.m. PT on Thursday, May 13, 2021. Results will be released after the close of regular trading on May 13, 2021. To listen…
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Shareholders Re-Elect Ten Directors At The Walt Disney Company Annual Meeting
BURBANK, Calif., March 9, 2021 – Shareholders of The Walt Disney Company (NYSE:DIS) re-elected all ten members of the Board of Directors at the virtual 2021 Annual Meeting held today. Based on preliminary results, all Disney Directors standing for election were elected to the Board: Susan E. Arnold, Mary T. Barra, Safra A. Catz, Robert…
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It’s Not an April Fools’ Joke – DISNEY Reporter
Welcome to another edition of DISNEY Reporter! This week, there is a lot of ground to cover with the top five stories of the week from DAPS MAGIC. The first story could seem like an April Fools’ Joke, but it isn’t. California announced updated guidelines this week that could enable theme parks, including Disneyland, to…
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With More Focus Online, Disney to Shutter at Least 60 Disney Store Locations
On Wednesday Disney announced that it would be closing at least 60 of its North American Disney Store locations, or over 20% of its brick and mortar Disney Stores. This comes as Disney continues to focus on its online shopping experiences. Disney cited changing consumer habits as the primary reason for the change. The stores…
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Exhibition Celebrating 100 Years of The Walt Disney Company to Launch in 2023
The Walt Disney Company partners with SC Exhibitions on a production marking a century of Disney innovation and inspiration. PHILADELPHIA – March 3, 2021 – In celebration of the centennial of The Walt Disney Company, SC Exhibitions has begun production on an exhibition that showcases the company’s history and rich legacy, to premiere at…
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Expect COVID Precautions to Continue Through the Rest of the Year at Disney Parks
Guests visiting Disney Theme Parks should expect to be wearing face masks, socially distancing, and continuing with other safety measures when they visit through the end of the year. Bob Chapek commented on the matter during an earnings call this week. “We have no doubt that when we reopen up in parks that were closed,…
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The Walt Disney Company Reports First Quarter Earnings for Fiscal 2021
BURBANK, Calif. — The Walt Disney Company (NYSE: DIS) today reported earnings for its first fiscal quarter ended January 2, 2021. Diluted earnings per share (EPS) from continuing operations for the quarter decreased 98% to $0.02 from $1.17 in the prior-year quarter. Excluding certain items,(1) diluted EPS for the quarter decreased 79% to $0.32 from $1.53…
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Blue Sky Studios Being Shut Down by Disney
Blue Sky Studios is being shut down by The Walt Disney Company. The animation wing of 20th Century Fox which Disney recently acquired was behind movies like Ice Age (and its subsequent sequels) The Peanuts Movie, Dr. Seuss’ Horton Hears a Who!, and 2019’s Spies in Disguise. Disney confirmed the news to Deadline saying, “Given the current…
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New Series Focused on Wakanda Coming to Disney+ as Ryan Coogler Inks Deal with Disney
Ryan Coogler’s Proximity Media has inked a deal that will have it working exclusively with The Walt Disney Company for the next five years and also developing a series for Disney+ focused on the Kingdom of Wakanda. With this deal, Ryan Coogler and Proximity Media team members Zinzi Coogler, Sev Ohanian, Ludwig Göransson, Archie Davis…
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No Bonuses for Top Executives as Pandemic Continues to Hamper Disney’s Business Efforts
As COVID-19 continues to have a major impact on the business endeavors of The Walt Disney Company, top executives did not receive cash bonuses for the most recent fiscal year. The result of this is that overall compensation was much lower for Disney’s top executives, where pay is based on performance over base salaries. Bob…
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The Walt Disney Company Executives To Discuss Fiscal First Quarter 2021 Financial Results Via Webcast
BURBANK, Calif., January 6, 2021 – The Walt Disney Company (NYSE: DIS) will discuss fiscal first quarter 2021 financial results via a live audio webcast beginning at 4:30 p.m. ET / 1:30 p.m. PT on Thursday, February 11, 2021. Results will be released after the close of regular trading on February 11, 2021. To listen…
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Disney CEO Bob Chapek Speaks Out After Washington D.C. Chaos
Yesterday, Washington D.C. was thrown into chaos when a mob descended on the Capitol of the United States of America. Following the riot, today Disney CEO Bob Chapek released a statement. This came as multiple other leaders across the countries shared their disdain for yesterday’s events. The statement was released on the official Disney Twitter…
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Richard Bates, Disney Senior VP of Government Relations, Passes Away at 70
Richard Bates, Disney Senior Vice-President of Government Relations passed away at the age of 70 on Thursday. According to a statement released by Disney, his death was sudden. In a statement from Disney, Chapek and Iger mourned his loss saying, “For those of us lucky enough to have known Richard personally, his loss is profound.”…
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The Walt Disney Company Sets Sustainability Goals to Complete Before 2030
This morning, The Walt Disney Company released its sustainability and environmental goals to accomplish before the year 2030. Disney has recognized that it is its responsibility as a global company to help everyone in the world! They have set goals in five main areas which are Greenhouse Gas Emissions, Water, Waste, Materials and Sustainable Design.…
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Kathleen Kennedy Provides Star Wars Updates on Upcoming Projects
Disney Investor Day 2020 gave Disney investors and fans a lot of information about the strategy of The Walt Disney Company moving forward and also a look at upcoming content. One part of the presentation was dedicated to Lucasfilm. Lucasfilm President Kathleen Kennedy led this part and provided multiple updates on what is coming for…
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LIVE BLOG: The Walt Disney Company Investor Day 2020
On Thursday, December 10, 2020, The Walt Disney Company hosted its 2020 Investor Day virtually. It is expected that a big portion of this event will be focused on Disney’s direct-to-consumer streaming services. Here is live coverage of that event. Disney Investor Day 2020 Videos [embedyt] https://www.youtube.com/embed?listType=playlist&list=PLZHs0Rq4kXrVOy7fBHiBKPIKYRNprMEeJ&v=oa9u9_0KSB0&layout=gallery[/embedyt]
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Disney Extends Contract of CFO Christine McCarthy Through 2022
Disney CFO has extended her contract with The Walt Disney Company through 2022. This contract extension was disclosed in a regulatory filing. This means that McCarthy will continue on in the role she has had overseeing Disney’s finances since 2015. McCarthy also oversees investor relations, corporate real estate, corporate strategy, the company’s enterprise technology and…
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George Lucas Reveals Reasoning Behind Selling Star Wars
George Lucas was the creator of Star Wars. He created one of the most iconic stories and brands and then in 2012 he sold his company, Lucasfilm, to The Walt Disney Company. Many people for the last few years have wondered why he would do this. Why not just let someone else run the company and…
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The Walt Disney Company To Webcast Investor Day 2020
BURBANK, Calif., December 3, 2020 – The Walt Disney Company (NYSE: DIS) will webcast its Investor Day 2020 on December 10, 2020. The event, focused on the Company’s direct-to-consumer streaming services, is scheduled to begin at approximately 4:30 p.m. ET / 1:30 p.m. PT. The Investor Day is expected to last approximately four hours. To…
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The Walt Disney Company Board Decides To Forgo Next Semi-Annual Cash Dividend
BURBANK, Calif., November 12, 2020 – The Walt Disney Company (NYSE: DIS) Board of Directors today announced that it will not declare a semi-annual cash dividend for the second half of fiscal 2020, in light of the ongoing impact of COVID-19 and the Company’s decision to prioritize investment in its direct-to-consumer initiatives. Forward Looking Statements…
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The Walt Disney Company Reports Fourth Quarter and Full Year Earnings for Fiscal 2020
BURBANK, Calif.–The Walt Disney Company (NYSE: DIS) today reported earnings for its fourth quarter and fiscal year ended October 3, 2020. Diluted earnings per share (EPS) from continuing operations for the fourth quarter was a loss of $0.39 compared to income of $0.43 in the prior-year quarter. Excluding certain items affecting comparability(1), diluted EPS for…
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The Walt Disney Company Announces Strategic Reorganization Of Its Media And Entertainment Businesses
New Structure Designed to Further Accelerate the Company’s Direct-to-Consumer Strategy, in light of the Rapid Success of Disney+ Company’s Creative Engines Will Focus on Producing Content for DTC as well as Legacy Platforms, while Newly Centralized Distribution Group Will Oversee Commercialization and Distribution of All Content Globally Alan F. Horn and Alan Bergman, Peter Rice,…
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The Walt Disney Company to Discuss Fiscal Year and Fourth Quarter Results on Webcast
The Walt Disney Company today announced its next webcast where it will “discuss fiscal full year and fourth quarter 2020 financial results via a live audio webcast” today. This webcast will be taking place on Thursday, November 12, 2020, at 4:30 EST/1:30 PST. The Walt Disney Company will also be releasing its results after the…