Tag: The Walt Disney Company
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The Walt Disney Company Reports Second Quarter and Six Months Earnings for Fiscal 2024
The Walt Disney Company reports on its second quarter and also six months of the fiscal year.
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Disney’s ‘Launchpad’ Returns for a Third Season, Inviting Storytellers to Share Their Unique Perspectives
Today, The Walt Disney Studios announced a third season of Disney’s “Launchpad”. The live action shorts program, an initiative dedicated to fostering emerging talent and amplifying diverse voices in filmmaking, invites aspiring writers and directors from underrepresented backgrounds or those with a unique perspective to produce a short as part of the Disney Launchpad: Shorts…
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Aaron LaBerge, Disney and ESPN Chief Technology Officer, Departing This Summer
Disney and ESPN President and Chief Technology Officer Aaron LaBerge is leaving The Walt Disney Company after working with them cumulatively for two decades. He will be moving to casino and sports-betting operator PENN Entertainment to become the Chief Technology Officer there. LaBerge said that the move comes as he needs more time to spend…
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Disney Releases Date For Fiscal Second Quarter 2024 Financial Results Webcast
The Walt Disney Company has announced when its webcast for financial results will be. Disney will be discussing its Fiscal Second Quarter 2024 financial results on May 7, 2024. The following announcement was shared earlier today: The Walt Disney Company Executives To Discuss Fiscal Second Quarter 2024 Financial Results Via Webcast BURBANK, Calif., April 9,…
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Disney Updates Movie Release Schedule
This last week, Disney CEO Bob Iger shared on Disney’s annual shareholder virtual meeting that there is a strong slate of movies from the company. Since returning to The Walt Disney Company as the CEO, Iger has said multiple times that the company is focusing on quality content over quantity. He has also stressed the…
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Disney CEO Bob Iger Shares Confidence for Strong Future at Disney Annual Shareholder Meeting
Disney CEO Bob Iger shared that he has a sense of “renewed strength” during Disney’s annual shareholder meeting after Disney’s slate of nominees were elected to the Board of Directors. He also thanked shareholders for their “trust and confidence” in Disney with their votes. Shortly after the meeting, Disney shared that it appeared that Disney’s…
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Disney Shares Concept Art For Future Avatar Experience at Disneyland Resort
During its annual shareholder meeting on Wednesday, April 3, 2024, The Walt Disney Company shared concept art for what a future experience based on the Avatar movies could look like. This was a brief glimpse of what could possibly be but it will undoubtedly foster more conversation, excitement, and opinions as people analyze every inch…
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Disney Reportedly Fends Off Proxy Fight Foes
The Walt Disney Company has reportedly had its full slate of 12 nominations reach a point where they will be elected to Disney’s Board of Directors. This means that the company has successfully fended off the efforts of Trian Group and also Blackwells Capital. This is according to Reuters. As of Tuesday night, there were…
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Frank Wells | DISNEY THIS DAY | April 3, 1994
On this day in 1994, former Disney president and Chief Operating Officer Frank Wells was tragically killed in a helicopter accident. Starting in 1984, Wells partnered with Michael Eisner to run The Walt Disney Company. Disney saw unprecedented growth under his leadership. Wells’ legacy has been memorialized with a building in his honor at The…
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The Walt Disney Company To Webcast Annual Shareholder Meeting
The Walt Disney Company will be webcasting its annual shareholder meeting on April 3, 2024 at 10:00 AM PT. The meeting will include comments by Disney CEO Bob Iger and other leaders from the company. It will also mark the end of the current proxy fight that Disney has predominantly with Nelson Peltz and his…
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The Walt Disney Company Releases List of Major Disney Shareholders and Influential Business Figures Who Support Disney CEO Bob Iger and Board of Directors
As the ongoing proxy fight ramps up to its conclusion at the Disney annual shareholder meeting on April 3, The Walt Disney Company has released a list of Major Disney Shareholders and Influential Business Figures who have come out in support of Disney CEO Bob Iger and Disney’s Board of Directors. Many of these supporters…
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Laurene Powell Jobs Joins in Supporting Bob Iger and Disney Board Amidst Ongoing Proxy Fight
More and more hats continue to get thrown into the ring of the ongoing proxy fight for the future of The Walt Disney Company and its Board of Directors. This week has seen Josh Gad, former Walt Disney Imagineering President Bob Weis, and former Disney CEO Michael Eisner all join the fray and voice their…
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Former Disney CEO Michael Eisner Joins Growing Chorus of Support for Current Disney CEO Bob Iger and Disney’s Board of Directors
Former Disney CEO Michael Eisner has jumped into the fray of the ongoing proxy fight that is predominantly between Disney CEO Bob Iger and Nelson Peltz (and his Trian Group). This fight is over the future of The Walt Disney Company and the Board of Directors that will lead it. Disney has laid forth its…
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Disney Responds to Institutional Shareholder Services Recommendation for Disney’s Board of Directors
The Walt Disney Company has released a statement in response to a recommendation from Institutional Shareholder Services (ISS) that shareholders should vote for 11 of 12 nominees endorsed by Disney for its Board. In place of Maria Elena Lagomasino, it suggests electing activist investor Nelson Peltz to the Board of Directors. ISS does not endorse…
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Former Walt Disney Imagineer President Bob Weis Supports Disney CEO Bob Iger in Ongoing Proxy Fight
Former Walt Disney Imagineer Bob Weis has come out in support of Disney CEO Bob Iger in an ongoing proxy fight that sees activist investor Nelson Peltz and his Trian Group seeking two sees on the Disney Board of Directors. If he gets his way, Peltz would like to gain a spot on the board…
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Star Wars Creator George Lucas Back Bob Iger’s Leadership and Disney Board in Ongoing Proxy Fight
Star Wars creator George Lucas has joined the fray in the ongoing proxy fight that The Walt Disney Company is currently embroiled in. Lucas strongly voiced his support for the leadership of Bob Iger for The Walt Disney Company and stated that he also backed the board. He didn’t just do this with his words…
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Disney Shares Highlights of Bob Iger’s Morgan Stanley Conference Q&A
This last week Disney CEO Bob Iger had a question and answer session at the Morgan Stanley Conference. During this session, he highlighted where Disney is and where it is going. The overarching message that Iger gave during this conference was that of optimism. Speaking about how Disney is poised for a strong future, “I…
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ValueAct Capital Reiterates Support For Disney As Proxy Fight Continues
ValueAct Capital reiterated its support for The Walt Disney Company as billionaire Nelson Peltz’s Trian Fund Management continues to push its agenda in a proxy fight for seats on Disney’s board. “As legacy technologies transition to digital platforms, we believe Disney can lead the media industry forward,” ValueAct Co-CEO Mason Morfit said in a statement.…
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Disney Family Rallies Around Bob Iger Against Nelson Peltz Proxy Fight
It’s a continuous battle with good versus evil as the Nelson Peltz proxy fight continues against Disney. This time, the extended Disney family, which includes the grandchildren of Walt and Roy Disney, are joining forces to oppose Nelson Peltz, an activist investor who is waging a proxy battle for board seats. There are nine heirs…
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Disney CEO Bob Iger To Participate In The Morgan Stanley Technology, Media & Telecom Conference
Disney has announced that Bob Iger, the CEO of the company, will be participating in a question and answer session as part of the Morgan Stanley Technology, Media & Telecom Conference. This will be taking place on March 5, 2024 at approximately 10:15 AM PT. Disney released the following statement on this event: BURBANK, Calif.,…
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Disney Board Of Directors Sends Letter To Shareholders Highlighting Clear Progress Made And Promises Kept As It Executes Strategic Transformation
The Walt Disney Company (NYSE:DIS) Board of Directors today sent a letter to shareholders detailing the progress it has made and continues to make on its strategic priorities, delivering on the promises it made just over one year ago. The Board has been laser-focused on a strategy that will drive shareholder value. The Company has…
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The Walt Disney Company Announces the 10th Year of the Disney Accelerator Program and its 2024 Participant Companies
The Walt Disney Company announced today the 10th year of Disney Accelerator, a business development program designed to accelerate the growth of innovative companies from around the world. As it marks a decade of investment in innovation through the Disney Accelerator, Disney also announced the five companies joining the 2024 program. These companies are focused…
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Justice Department Scrutinizing Disney, Fox, and Warner Bros. Discovery’s Joint Sports Streaming Service
The Justice Department is scrutinizing the joint sports streaming service that was announced by Disney, Fox Corp, and Warner Bros. Discovery over concerns about potential harm to consumers, media competitors, and sports leagues. There will be a regulatory review that will happen once the joint venture venture agreement is completed. At this point, the companies…
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Activist Investor Nelson Peltz Accuses Disney of Throwing “Spaghetti Against The Wall” With Recent News Releases
Activist investor Nelson Peltz wants a seat on Disney’s Board of Directors. He also wants former Disney CFO Jay Rasulo to have one. With his Trian Partners, Peltz is pushing for just that. This last week it appeared that these efforts got quite a bit harder. With Disney announcing stronger than expected earnings coupled with…