Tag: The Walt Disney Company
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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…
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Disney Executive Chairman Bob Iger Leaves California Governor Newsom’s Economic Recovery Task Force
Bob Iger, Executive Chairman of The Walt Disney Company, has left California Governor Gavin Newsom’s economic recovery task force. A Disney spokesperson confirmed this to The Sacramento Bee. The spokesperson declined to say why or when Iger left the task force. The news of Iger’s departure comes in the midst of massive layoffs at Disney…
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Disney Hires Diane Jurgens as New Chief Information Officer
Disney has brought on Diane Jurgens as its new Chief Information Officer. The announcement was made by Christine M. McCarthy, Senior Executive Vice President and Chief Financial Officer. Jurgens will be reporting to McCarthy. “Diane is a proven global technology leader with strategic vision, and her talents will be a great asset to the Company…
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The Walt Disney Company To Participate In The Bank Of America Virtual 2020 Media, Communications & Entertainment Conference
BURBANK, Calif., September 3, 2020 – Christine McCarthy, Senior Executive Vice President and Chief Financial Officer, The Walt Disney Company (NYSE: DIS), will participate in a question-and-answer session at the Bank of America Virtual 2020 Media, Communications & Entertainment Conference on Thursday, September 10, 2020 at approximately 11:25 a.m. PDT/ 2:25 p.m. EDT. To listen…
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The Results Are In – DISNEY Reporter
Welcome to another edition of DISNEY Reporter! Each week it covers the top Disney and geek stories that has happened of the course of the last seven days. This week, the results are in on The Walt Disney Company’s third quarter. While they weren’t great, there were also a few glimmering spots. The parks’ numbers…
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Muppets Are Back, Luca’s Coming! – GEEKS CORNER – Episode 1044 (#515)
Welcome to another episode of GEEKS CORNER! Each week we talk about the things we want to geek out about because it’s good to be a geek, especially a Disney geek! This week is no exception. Throughout the course of the show, the geeks chat about the earnings report from The Walt Disney Company. This…
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Disney Loses $3.5 Billion Due to Pandemic Closures of Parks
The Walt Disney Company lost $3.5 billion in operating income during the fiscal 3rd quarter as a result of the park closures caused by the coronavirus pandemic. The news came from Disney CEO Bob Chapek on an earnings call focused on the 3rd quarter. This contributed to a nearly $5 billion loss for the company…
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The Walt Disney Company Earns 145 2020 Primetime Emmy® Award Nominations
Nominees for the 2020 Primetime Emmy Awards were announced today by the Television Academy, with The Walt Disney Company receiving 145 nominations. The impressive total includes 47 nominations for Disney Television Studios; 36 for ABC (up from 26 last year); 33 for FX (up from 32 last year); 26 for Hulu (up from 20 last…
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President and Managing Director, Disney Parks International Michael Colglazier Leaving Disney for Virgin Galactic
Michael Colglazier is leaving The Walt Disney Company. He has held many roles at Disney including being a member of the corporate strategy group, the president of Disneyland, and also led Disney’s parks in the Asia Pacific region. In his most recent role as President and Managing Director, Disney Parks International Colglazier oversaw the operations…
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The Walt Disney Company Executives To Discuss Fiscal Third Quarter 2020 Financial Results Via Webcast
BURBANK, Calif., July 1, 2020 – The Walt Disney Company (NYSE: DIS) will discuss fiscal third quarter 2020 financial results via a live audio webcast beginning at 4:30 p.m. EDT / 1:30 p.m. PDT on Tuesday, August 4, 2020. Results will be released after the close of regular trading on August 4, 2020. To listen…
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Disneyland Paris Run Weekend 5th Edition Postponed to Fall 2021
This week, Disney announced that they would be postponing the Disneyland Paris Run Weekend 5th edition. The races were originally planned for the last weekend of September 2020 but as the resort has analyzed its operations, they have made the decision to postpone the races. At this time, the races planned for the end of…
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Supporting, Reopening, Suspending – DISNEY Reporter
Welcome to the DISNEY Reporter! This week there is a lot of news, some happy and some not so happy. With the tragic murder of George Floyd, Disney is making a substantial donation to nonprofits advancing the causes of social justice. Disney is also matching the donations of Cast Members to different nonprofit organizations as…
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Newly Designed Disney Fun House Opens at Shanghai Children’s Medical Center
In celebration of this year’s International Children’s Day, The Walt Disney Company and Shanghai Disney Resort have launched a brand new space-themed Disney Fun House in China at Shanghai Children’s Medical Center. The new Disney Fun House will take children in need on a journey to the furthest reaches of the galaxy while creating unique…