Tag: The Walt Disney Company
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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…
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Disney Board of Directors Sends Letter to Shareholders, Emphasizes Strong Results and Commitment to Driving Long-Term Shareholder Value
Announces 50% dividend increase from January dividend and share repurchase program with $3 billion targeted in fiscal 2024 Unveils a series of exciting new initiatives Encourages shareholders to visit VoteDisney.com for more information The Walt Disney Company (NYSE:DIS) Board of Directors today sent a letter to shareholders highlighting its strong first-quarter FY24 results and significant steps Disney…
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Disney Stocks Have Best Day in Three Years After Earnings Report
The Walt Disney Company stock had its best day in over three years on Thursday after its Wednesday earnings call was full of announcements and also beat earnings estimates. Thursday saw Disney stock go up by 11%. This was the best day for the stock since December 2020. Some of the news the apparently excited…
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Geeks on the Sea – Geeks Corner – Episode #698
Welcome to a very special edition of Geeks Corner! This week, the geeks are on the sea! As they float around the Caribbean, they discuss the rain coming down at Disneyland and the future of Disney as a proxy fight heats up. We hope you enjoy this week’s episode of Geeks Corner! Join the conversation…
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Ludwig Von Drake Enlisted to Assist Disney With Shareholder Proxy Fight
Disney has sent a video to preferred shareholders in which Ludwig Von Drake assists in telling shareholders how to vote. The video is cute, entertaining, and informative. It also arrives as Disney is fending off proxy battles with Trian Partners and Blackwells Capital. It comes ahead of the April 3 annual shareholder meeting. It also…
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The Walt Disney Company Announces Annual Shareholder Meeting and Makes Case for Board Nominees
The Walt Disney Company has announced that this year’s annual shareholder meeting will be held on April 3, 2024. Along with announcing this year’s annual meeting, the company also made a case for why its nominees should be elected to the board of directors. This comes as Nelson Peltz and his Trian Group continues to…
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The Walt Disney Company Highlights Strength of its Highly Qualified Board and Clear Strategy to Deliver Growth and Shareholder Value
BURBANK, Calif., February 1, 2024 – The Walt Disney Company (NYSE:DIS) today sent a letter to shareholders outlining the strength of the Board of Directors and its oversight of Disney’s strategy and management team as the Company navigates a new era of building that will drive meaningful growth and shareholder value creation well into the…
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Disney CEO Bob Iger Earned $31.6 Million in 2023
Disney CEO Bob Iger made $31.6 million in 2023 in all forms of income. This was a significant increase from the year before. Iger earned $865,385 for his base pay in 2023. Stock awards added an extra $16.1 million, stock options awards added $10 million, performance based compensation added $2.1 million, and he also earned…
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Disney Makes Case for Rejection of Nelson Peltz’s Board Nominations
On Tuesday, The Walt Disney Company rejected Nelson Peltz’s nominations for its board of directors. The Nelson Peltz-led Trian Fund Management, L.P. and its affiliates had nominated Nelson Peltz and former Disney CFO Jay Rasulo to the board. This effort was also backed by former Disney executive Isaac Perlmutter, who was let go during cuts made…
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The Walt Disney Company Nominates 12 Directors For Election At Upcoming Annual Meeting Of Shareholders
BURBANK, Calif., January 16, 2024— The Walt Disney Company (NYSE: DIS) Board of Directors disclosed its recommended slate of 12 nominees for election at the 2024 Annual Meeting of Shareholders in preliminary proxy materials filed today with the Securities and Exchange Commission. The Board has unanimously recommended that shareholders vote for Mary T. Barra, Safra…
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Disney+ Available on Apple Vision Pro on February 2
Today Disney announced that Disney+ will be available on Apple Vision Pro starting on February 2nd. When it arrives, Disney+ subscribers will get to experience the streaming service in a completely new and immersive way. This will be a new immersive 3-D viewing experience that will transform user spaces into landscapes from Disney, Pixar, Marvel,…
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The Walt Disney Company Receives 50 People’s Choice Awards Nominations
Today, The Walt Disney Company received 50 People’s Choice Awards nominations, with Hulu and 20th Television’s Only Murders in the Building leading in the television categories. Voting across all 45 categories is open until Friday, January 19. Winners will be announced Sunday, February 18, at 8 p.m. ET/5 p.m. PT, in a ceremony hosted by Simu Liu.…
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Andrew Warren Decision Used in Disney Lawsuit Against Governor DeSantis
A ruling about former Andrew Warren’s lawsuit against Governor DeSantis has been filed by The Walt Disney Company in its own lawsuit against the Governor. This comes after the 11th Circuit Court of Appeals ruled against Warren’s suspension by Governor DeSantis after Warren opposed efforts to criminalize abortion and gender-transition treatments for children. This was…
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Disney Brings Home Five Golden Globes
On Sunday night The Walt Disney Company brought home five Golden Globe Awards. The 81st Golden Globes took place at the Beverly Hilton in Los Angeles and was hosted by comedian Jo Koy. Disney’s wins came from its stable of brands and studios including FX, FX Productions, Hulu Originals, and Searchlight Pictures. The Bear was…
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Disney Releases Statement on Passing of Glynis Johns
Glynis Johns, the actor who brought Winifred Banks to life in Mary Poppins, passed away at the age of 100. With a career that spanned eight decades, Johns was a prolific actor on the big screen, small screen, and also on the stage. Beyond Mary Poppins, she appeared in The Sword in the Rose, While…
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The Walt Disney Company Executives To Discuss Fiscal First Quarter 2024 Financial Results Via Webcast
BURBANK, Calif., January 3, 2024 – The Walt Disney Company (NYSE: DIS) will discuss fiscal first quarter 2024 financial results via a live audio webcast beginning at 4:30 p.m. ET / 1:30 p.m. PT on Wednesday, February 7, 2024. Results will be released after the close of regular trading on February 7, 2024. To listen…
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Disney’s Makes Moves to Counter Activist Investor
Today Disney announced the first moves it has made to counter the efforts of activist investor Nelson Peltz. Disney announced a strategic partnership with ValueAct Capitol with an “information sharing” deal. Disney also secured support from Blackwells Capitol, which announced it is nominating three people to the Disney board as well. This move rivals Peltz’s…
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Former Disney Board Member Ignacio E. Lozano Jr. Passes Away at 96
The Walt Disney Company today announced the death of former Board of Director Ignacio E. Lozano Jr. at the age of 96. He died on Wednesday, December 27. He served on the Disney board for two decades from 1981 to 2001. He was also the chairman of Lozano Communications along with being the former publisher of…
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Here Are All The Disney Movies Coming Out in 2024
In 2023, The Walt Disney Company celebrated its 100th anniversary. In 1923, Walt and Roy Disney started the company that would become a behemoth in the entertainment industry. With humble beginnings, one has to wonder if Walt and Roy could have imagined what their company would look like a century later. Through the coming decades,…
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Disney and Reliance Reach Agreement on Star India
Disney and Reliance have signed a non-binding agreement that would see the two companies merge their Indian media operations the Economic Times of India is reporting. The deal would see Reliance owning a controlling 51% stake with Disney holding the remaining 49%. The merger creates the biggest media empire in India. The deal was reportedly…
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The Walt Disney Company Releases Statement on Trian’s Board of Directors Nominations
The Walt Disney Company responded to the nominations by Trian Fund Management, L.P. for the board of Disney. Today, Trian nominated both its CEO Nelson Peltz and also former Disney CEO Jay Rasulo to be on Disney’s board. “As Disney’s largest active shareholder, we can no longer sit idly by as the incumbent directors and…
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Disney CEO Bob Iger Sends Holiday Message to D23 Members
Bob Iger, CEO of The Walt Disney Company, sent a holiday message to D23 members. The message includes thanks for to these “dedicated” fans and also shares that while Disney concludes its celebration of its 100th anniversary, there is more to look forward to. The full message can be read below. Dear “Mr. Daps” We…