Tag: The Walt Disney Company
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Disney Releases Statement on Nelson Peltz Dropping Proxy Fight
The Walt Disney Company has released a statement in response to Nelson Peltz dropping his proxy fight. The change by Peltz came after Disney CEO Bob Iger announced that he had restructured Disney during an earnings call. The restructuring has Disney divided into three main segments: The company also announced that it would be cutting…
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Nelson Peltz Drops Proxy Fight with Disney
Activist investor Nelson Peltz has dropped his proxy fight with The Walt Disney Company. A day after Disney CEO Bob Iger announced a new structure for the company. “The proxy fight is over,” said Peltz to Jim Cramer on CNBC’s Squawk on the Street. “Now Disney plans to do everything we wanted them to do,”…
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The Walt Disney Company Reports First Quarter Earnings for Fiscal 2023
BURBANK, Calif.–The Walt Disney Company (NYSE: DIS) today reported earnings for its first quarter ended December 31, 2022. “After a solid first quarter, we are embarking on a significant transformation, one that will maximize the potential of our world-class creative teams and our unparalleled brands and franchises,” said Robert A. Iger, Chief Executive Officer, The…
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LIVEBLOG: The Walt Disney Company First Quarter 2023 Financial Results
On February 8, 2023 at 4:30 p.m. ET / 1:30 p.m. PT The Walt Disney Company discusses their fiscal first quarter 2023 financial results. Follow along as the Daps Magic team provides live updates on this financial call here: This fiscal results call is the first to be hosted by Bob Iger since he returned…
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Disney Remains Most-Admired Media and Entertainment Company
For the 20th consecutive year, The Walt Disney Company has been recognized as the top-ranked media and entertainment company on Fortune’s annual list of the “World’s Most Admired Companies,” released online today and in the magazine’s February/March issue. Disney ranked No. 6 overall among the 324 listed companies from across the globe. Disney earned top marks…
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Disney Parks to Livestream from Disneyland Resort on Friday as Part of Disney100 Celebration Kickoff
On Friday, January 27, 2023, the Disneyland Resort will begin its celebration of the 100th anniversary of The Walt Disney Company. The Disney100 celebration will have plenty of magical things to experience for guests visiting the Disneyland Resort. This will include the new nighttime spectaculars Wondrous Journeys and World of Color – ONE and also…
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Explore Disney Animation’s Top-Secret Treasure Trove with Disney legend Don Hahn
Disney Legend Don Hahn has released a series of videos which he hosts and directs for Disney Drop-In. Over the course of two videos, Hahn gives a look at the Disney Animation Research Library. This is where Disney preserves over 60 million pieces of artwork from the history of Walt Disney Animation Studios so that…
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Mark G. Parker Named the New Chairman of the Board of The Walt Disney Company
The Walt Disney Company has announced a new Chairman of the Board. Mark G. Parker, the Executive Chairman of Nike, will be taking on the role and replacing the current Chairman of the Board Susan Parker. Along with becoming Chairman of the Board, Parker will also head up the Succession Planning Committee of the Board,…
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Angela Bassett Wins for ‘Black Panther: Wakanda Forever’ as The Walt Disney Company Wins 9 Golden Globe Awards
Last night The Walt Disney Company earned 9 Golden Globe Awards, this included a win by Angela Bassett for Best Performance by an Actress in a Supporting Role in Any Motion Picture in Black Panther: Wakanda Forever. At the 80th Golden Globe Awards, the wins came from across The Walt Disney Company. This includes wins…
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Here Are the Things to Look Forward to in 2023 from Disney and Disney100
2023 is going to be a big year for The Walt Disney Company. This year, Disney will be celebrating the 100th anniversary of the company. With this milestone, the company will be offering some special celebrations throughout the year. However, that isn’t the only thing that is exciting this year! There are new movies, series,…
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Disney Recommends Shareholders Reject Mini-Tender Offer By TRC Capital Investment
BURBANK, Calif., December 30, 2022 – The Walt Disney Company (NYSE: DIS) recently became aware that TRC Capital Investment Corp. (TRC) has made an unsolicited mini-tender offer to purchase up to 1,500,000 shares of Disney common stock, and, per a press release issued by TRC on December 28, 2022 (the TRC Press Release), has amended…
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The Walt Disney Company Releases Statement on the Passing of Barbara Walters
Barbara Walters passed away at the age of 93. The legendary journalist broke many barriers in journalism and became an icon in the industry. The passing was announced by Disney CEO Bob Iger on Twitter earlier this evening. In the tweet, Iger said, “Barbara was a true legend, a pioneer not just for women in…
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Bob Iger Emails Disney Fans to Express Gratitude and Share Optimism for the Future
Today Disney fans received an email from recently returned Disney CEO Bob Iger. In the email with the subject heading “A Holiday Message from Bob Iger,” he shares gratitude for the Disney fans. “Disney is fortunate to have the most devoted and enthusiastic fans,” Iger said in the email. He continued on to share about…
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Disney Senior Vice President of Communications Heather Hust Rivera Departing From Disney
Heather Hust Rivera is leaving The Walt Disney Company after working there for nearly two decades. Her most recent position is as Disney Senior Vice President of Communications. Variety learned of Hust’s departure and reported on it. “I’m grateful for the incredible opportunities I have had in the past 17 years at Disney, working across…
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Disney Grants to Benefit Communities and Wildlife in 25 Countries
Today, The Walt Disney Company announced it has awarded grants to 43 nonprofit organizations working with communities across 25 countries to protect more than 60 species this year, continuing Disney’s ongoing commitment of more than $120 million given to date in support of a healthier planet for people and wildlife. In the spirit of the…
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Disney Buys Remaining Stake in BAMTech
In 2017 Disney bought a majority ownership stake in the streaming company BAMTech from Major League Baseball. Now, it has completely purchased the company. The final purchase price for the last 15% of the company was $900 million. Since taking an ownership majority in the company, it was renamed “Disney Streaming.” This is appropriate as…
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Disney Delivers 75,000 Toys to Children in Need Through the Disney Ultimate Toy Drive as it Celebrates 75 Year Collaboration
The Walt Disney Company continues to make a difference to children in need in a legacy that has continued for 75 years. On Good Morning America this morning, it was announced that Disney would be donating 75,000 toys to children in need as a part of the Marine Toys for Tots Program. The announcement was…
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Former Disney CEO Michael Eisner Voices Support For Disney’s Future as Bob Iger Takes the Reins Again
There has been a lot going on at The Walt Disney Company in the last week and a half. This started with the news that Bob Chapek had been let go as Disney CEO and that Bob Iger would be returning to the role. This led to Iger immediately asserting his influence and restructuring the…
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No Merger for Disney with Apple on the Horizon CEO Bob Iger States
In a town hall meeting today, returning Disney CEO Bob Iger confirmed that a rumored merger between Apple and The Walt Disney Company is nothing more than that. The confirmation that no merger is happening between Apple and Disney came during a question and answer part of the town hall meeting at Disney this morning.…
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Bob Iger Hosts Town Hall Meeting at Disney As Company Begins New Chapter
This morning Bob Iger hosted a town hall meeting at the Walt Disney Studios as The Walt Disney Company begins a new chapter. This comes after the sudden departure of Bob Chapek a week ago. He was let go by the Disney Board of Directors. Iger, the former CEO before Chapek was asked to return…
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Disney and Bob Iger Have $10 Million Deal for Consulting with Replacement
Bob Iger may again be back at The Walt Disney Company as CEO. However, when he left the company the last time he made a deal with Disney to consult with his replacement. This deal was for $10 million and had Iger available to consult through 2026. It currently is on hold while Iger is…
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Another Exec Leaves Disney After Chapek’s Exit
A lot is changing at The Walt Disney Company. On Sunday, Chapek was let go as CEO of the company and Bob Iger reinstated at the top of Disney. Since then, Kareem Daniel was also let go. Now, another exact has left Disney. This time it is Arthur Bochner, The news originated at Puck News…
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On Thanksgiving Day, Disney CEO Bob Iger Gives Gratitude for Employees and Cast Members
On Thanksgiving morning, new (and old) CEO Bob Iger shared his gratitude on Twitter for the employees and cast members of The Walt Disney Company. The continues a week of Bob Iger intentionally sharing his gratitude for those that work at The Walt Disney Company. This started with his initial email that went out to…
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Disney CEO Bob Iger to Host Employee Town Hall on Monday to Discuss Disney’s Future
Bob Iger is back as the CEO of The Walt Disney Company. He has wasted no time getting to work trimming the sails of Disney to get the company headed in the direction he sees as successful. The return of Bob Iger comes after a couple of tumultuous years under the leadership of former CEO…