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Best Performer in the $DJIA is Disney (Walt) Company. $DIS
By: Thom Hartle | August 11, 2022
• Today (8:35 CST), the best performer in the $DJIA is Disney (Walt) Company. $DIS.
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Disney tops Netflix on streaming subscribers, sets higher prices
By: Reuters | August 10, 2022
LOS ANGELES (Reuters) -Walt Disney Co edged past Netflix Inc (NASDAQ:NFLX) with a total of 221 million streaming customers and announced it will increase prices for customers who want to watch Disney+ or Hulu without commercials.
The media giant will raise the monthly cost of Disney+ without advertising by 38% to $10.99 in December, when it begins to offer a new option that includes ads for the current price.
Shares of Disney rose 6.9% in after-hours trading to $120.15 on Wednesday.
Disney in 2017 staked its future on building a streaming service to rival Netflix as audiences moved to online viewing from traditional cable and broadcast television.
Five years later, Disney has edged past Netflix in total streaming customers. The Mouse House added 14.4 million Disney+ customers, beating the consensus of 10 million expected by analysts polled by FactSet, as it released "Star Wars" series "Obi-Wan Kenobi" and Marvel's "Ms. Marvel."
Combined with Hulu and ESPN+, Disney said it had 221.1 million streaming subscribers at the end of the June quarter. Netflix said it had 220.7 million streaming subscribers.
"Disney is gaining market share when Netflix is struggling to add more subscribers," Investing.com analyst Haris Anwar said. "Disney has still more room to grow in international markets where it’s rolling out its service fast and adding new customers."
To help attract new customers, Disney will offer an ad-supported version starting on Dec. 8 for $7.99 a month, the same price it now charges for the ad-free version, the company said.
Prices for Hulu will rise by $1 to $2 per month in December depending on the plan.
The company lowered its long-term subscriber forecast for Disney+ customers on Wednesday, blaming the loss of cricket rights in India.
Disney now projects between 215 million and 245 million total Disney+ customers by the end of September 2024. That is down from the 230 million to 260 million which Disney had been forecasting.
The adjustment came from reduced expectations for India, where the company is losing streaming rights for Indian Premier League cricket matches.
For the first time, Disney broke out estimates for Disney+ Hotstar customers in India from the rest of Disney+.
Chief Financial Officer Christine McCarthy said Disney expected to add up to 80 million Disney+ Hotstar customers by September 2024, and between 135 million and 165 million others.
The company still expects its streaming TV unit to turn a profit in fiscal 2024, McCarthy said. In the most recent quarter, the division lost $1.1 billion.
For the fiscal third quarter ended July 2, Disney posted adjusted earnings per share of $1.09, up 36% from a year earlier, as visitors packed its theme parks. Analysts polled by Refinitiv had expected earnings of 96 cents.
Operating income more than doubled at the parks, experiences and products division to $3.6 billion.
Streaming losses put a drag on the media and entertainment unit, whose profit declined by 32% to nearly $1.4 billion.
Overall revenue rose 26% from a year earlier to $21.5 billion, ahead of the analyst consensus of $20.96 billion.
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Great Revenues and Earnings DIS.
Big subscriber numbers compared to NFLX recent numbers.
New pricing models look primed for future growth.
Keep the numbers climbing Mickey...
Hopefully peeps finally get why I have been saying stocks don't care about your feelings. Gl
Disney Reports 14.4M Disney+ Subscribers Added In Q3 2022. Disney+ now has more subscribers than Netflix
Streaming business strongly outperformed. New pricing model for Streaming services. Disney + with Ads now $7.99. Disney+ without Ads increases from $7.99 to $10.99. Strong enough to increase pricing and that is a huge plus.
Rocket Ship AH! $119+ (+6%) Strong beat on top and bottom line.
hit 112 . Again stock don't care about people feelings. If they did this would be below 80's by now.
Disney Q3 Earnings: Legacy Business To Make Up For Slowing Streaming Demand
By: Investing.com | August 9, 2022
• Reports Q3 2022 earnings on Wednesday, Aug. 10, after the close
• Revenue Expectation: $20.99B; EPS: $0.9762
• Most analysts remain bullish on Disney’s stock, giving the stock a 41% upside potential
When the Walt Disney Company (NYSE:DIS) reports its latest quarterly earnings tomorrow, investors should see a combination of solid performance from the entertainment giant’s theme parks with slowing demand for its flagship streaming service.
Disney’s diversified business has helped the stock avoid the sharp pullback suffered by most stay-at-home darlings like Netflix Inc (NASDAQ:NFLX), Peloton Interactive (NASDAQ:PTON), and Zoom Video Communications (NASDAQ:ZM).
Shares of the Burbank, California-based entertainment giant are down about 30% this year, while Netflix has lost more than 60%.
Disney Daily Chart
Despite the current macroeconomic uncertainties and escalating operational costs, most analysts remain bullish on Disney’s outlook. Of 30 analysts surveyed in an Investing.com poll, 22 rate the stock as a buy with a 12-month price target implying a more than 41% gain.
Disney Consensus Estimates
Source: Investing.com
This optimism is justified, given the sharp rebound in its legacy businesses, including theme parks, cruises, and movie theaters, due to rising travel and leisure demand after the pandemic-related restrictions.
Resilient Business Model
Last May, Disney’s fiscal second-quarter results provided strong evidence of this trend. Revenue for the fiscal second quarter ended Apr. 2 rose 23% year over year, with operating income surging 50%, while domestic theme-park revenue nearly equaled the pre-pandemic peak for that segment.
Despite having a more resilient business model than its pure streaming rivals, Disney isn’t entirely immune to the economic headwinds that could gather pace if the economy slips into a recession. Amid the current macroeconomic environment, the company is also predicting softening demand for its streaming services in the second half.
However, even in the difficult streaming market, the House of Mouse seems to be excelling. While its main rival Netflix loses steam, Disney still adds customers and expands in new markets. The company added 7.9 million subscribers to its Disney+ streaming service in the previous quarter, 52% more than analysts had projected.
Streaming video is a key growth area for Disney which, like other media companies, is seeing a dwindling audience for traditional TV. In May, the entertainment giant told investors that it is on track to introduce Disney+ in 53 new markets by the end of June. The company will likely add 40 million subscribers this year, helped by a steady pace of new titles, local content, and added markets.
Analysts at Wells Fargo, while highlighting these risks to Disney’s outlook, said in a recent note:
“We remain DIS bulls and think upcoming catalysts include Disney+ net adds progressing ahead of investor expectations, as well as potentially launching ESPN+ fully à la carte.
But, it’s not all positivity, as we’re also making the necessary cuts to Disney+ subs and ads for recession. We think estimates need a reset that harmonizes them with the stock price.”
Despite trimming its stock price target for DIS to $130, Wells Fargo remains overweight on Disney, which it views as a growth company with a strong slew of content.
“We still think a lot more content = a lot more subs, and that will drive stock upside as investors have broadly written off DIS’s ability to generate more streaming hits.”
Bottom Line
Given the uncertain macro conditions, Disney’s Q3 earnings may not provide a clear direction for the stock’s near-term performance. Still, they will likely show that the company remains in better shape than most of its growth-oriented rivals.
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Earnings Preview: Walt Disney Co. (NYSE: DIS)
By: 24/7 Wall St. | August 9, 2022
• Here are previews of three earnings reports due out after markets close Wednesday and one expected first thing Thursday morning.
Disney
Over the past 12 months, Walt Disney Co. (NYSE: DIS) has seen its share price decline by more than 38%. The better news is that since mid-July, the stock has added nearly 19%. Look for the quarterly report after markets close on Wednesday.
Investors will be keeping a sharp eye on streaming subscriber growth because there is not a lot else to look for. The Dow component suspended its dividend two years ago and has not repurchased any stock since 2018. Disney’s goal is 230 million to 260 million total subscribers by September 2024, and strong subscriber additions pushed the total more than halfway to that goal at the end of the March quarter. Theme park revenue is likely to be hurt by inflation.
Analysts remain bullish on the stock. Of 29 brokerages covering the firm, 23 have a Buy or Strong Buy rating on the stock and the rest rate the shares at Hold. At a share price of around $109.10, the upside potential based on a median price target of $130.00 is about 19.2%. At the high target of $229.00, the upside potential is 110%.
Fiscal third-quarter revenue is forecast at $21.01 billion, up 9.1% sequentially and 23.4% higher year over year. Adjusted EPS are pegged at $0.99, down 8% sequentially but up 23.8% year over year. For the 2022 fiscal year ending in September, analysts expect Disney to report EPS of $3.93, up 68.7%, on sales of $84.12 billion, up 24.8%.
Disney stock trades at 27.8 times expected 2022 earnings, 20.2 times estimated 2023 earnings of $5.41 per share and 17.1 times estimated 2024 earnings of $6.39 per share. The stock’s 52-week range is $90.23 to $187.58. Total shareholder return for the past year was negative 38.4%.
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that's the whole point of algorithm it takes emotions out, and yes majority of market is controlled by algorithm/computer programs, not just "some" . Yes if you don't like a stock then sell but thing is people still hold on to a stock they don't like cause they don't want to take a loss. The big guys don't care if you like a particular stock or not, the little fishes don't control the market.
Hey dude... The market is made up of people buying shares in companies they think will make them money, if they think the company sucks then they sell. Some computer programs might be programmed to analyze charts and re-act accordingly. The last time I looked, a computer doesn't know the difference between a young boy who wants to become a man or a young boy who is being groomed to become a woman. But the investors with money do! Disney SUCKS!
again market doesn't care about people emotions, there is a reason why market is mostly run on alogrithm now. The market doesn't care about the little guys never did and never will.
It’s not emotions….it’s the assimilation of information and drawing a conclusion based on the fundamentals. TA may catch the s/t trends but the woke leaders action are not based on any real logic and I don’t see how trend analysis will ever see the disruption that’s on the horizon based on illogic actions. No iconic company panders to a very small percentage of consumers at the exclusion of most of its customer base. Disney has change the way it communicates with its base because of the risk of angering a very small but activists group. This is in my view the pure definition of insanity.
lol the article didn't age well today
$DIS Fears over an impending recession have led to investors dumping many fundamentally weak stocks this year
By: Stock News | August 2, 2022
The Fed’s aggressive policy tightening to control the surging inflation has significantly increased the odds of the economy slipping into a recession. The U.S. economy contracted 1.6% in the first quarter and 0.9% in the second quarter, making many analysts believe that a recession has arrived.
Moreover, the speculations over Speaker Pelosi’s visit to Taiwan worsening a troubled U.S.-China relationship are expected to add to the market volatility. As the economic and geopolitical uncertainties are expected to keep the stock market under pressure, fundamentally weak stocks could keep losing.
Given this backdrop, we think it could be wise to avoid beaten-down stocks The Walt Disney Company (DIS) and Teladoc Health, Inc. (TDOC), which are not expected to find a bottom soon.
The Walt Disney Company (DIS)
DIS engages in film and episodic production and distribution activities and operates television broadcast networks, studios producing motion pictures, and D2C streaming services. It sells branded merchandise through retail, online, and wholesale businesses and develops and publishes books, comics, and magazines.
For its fiscal 2022 second quarter ended April 2, 2022, DIS’ pre-tax income from continuing operations came in at $1.10 billion, down 10.4% from the year-ago period. While its net income increased 47.8% year-over-year to $470 million, its EPS fell 46.9% to $0.26. As of April 2, 2022, the company had $13.27 billion in cash and cash equivalents, down 16.8% from the end of fiscal 2021.
The stock has lost 31.4% year-to-date to close the last trading session at $106.22, down 43.4% from its 52-week high of $187.58.
DIS’ POWR Ratings reflect this bleak outlook. The stock has an overall rating of D, which equates to Sell in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
It has a D grade for Value and Quality. Click here to see the additional ratings for DIS’ Stability, Growth, Sentiment, and Momentum. DIS is ranked #12 of 18 stocks in the F-rated Entertainment – Media Producers industry.
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understandable. If i was in a stock that i was holding and didn't like where the company is headed i would be annoyed too. But hey you can also come to the dark side, keep the emotions aside and just trade the stock along with many other woke stock on big boards lol.
well they imposed the covid vaccine but they didn't quit in masses lol.
Walt Disney Co. (DIS) Nice little move last week, can see it grinding back to 110 ahead of earnings..
By: Options Mike | July 31, 2022
• $DIS Nice little move last week, can see it grinding back to 110 ahead of earnings..
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WILL DISNEY IMPOSE MANDATORY MONKEYPOX VACCINATIONS FOR ITS EMPLOYEES??? IF SO WILL THIS FORCE MANY EMPLOYEES TO QUIT THAT WILL EFFECT OPERATIONS AND FORWARD EARNINGS?
Ok I’ll bite….I think this is a head fake sorry to say. Market is going to get slammed if they pass a trillion dollar spending bill with billions of pork for climate . Disney needs to pivot quickly if they don’t the brand will continue to suffer but I see no real movement there. I know you prescribe to the “I don’t care about where a stock pps has been only where it’s going “ camp but these type of events add a whole different level of testicle exposure and I never thought in my life I would have to trade Disney to just maintain value. So venting may not be productive but hey there are worst things I have done!
though i was wrong about them not extending the ceo contract. Didn't think they would extend his contract in this climate.
there is no drinking koolaid, don't like dis than don't invest or play it. there are many big board stocks that are woke and have pos ceo yet i still play em. Remember stocks don't care about people's feeling.
Really as opposed to those that just drink the koolaide?
Yes he did….I never though I’d see it at Disney but they are woke as F! Then management sees fit to extend the moronic CEO’s contract in the face of overwhelming backlash. Blew out my core investment when they meddled in Florida’s parents rights bill and now only hold a relatively small position in my IRA. I might blow that out soon if it goes below 90. Disney will be case study for how to fu$k up an iconic brand in less than 24 months.
Weirdos acting as leadership… Disney ?? …. Woke little creepy people with some weird thoughts about children … did Biden unleash all the kid sniffing traffickers
Walt Disney Estimates Need a Reset - Wells Fargo
By: Investing.com | July 25, 2022
A Wells Fargo analyst said in a research note Monday that they remain bullish on Walt Disney (NYSE:DIS), despite lowering their price target on the stock to $130 from $153 per share.
However, the analyst, who has an Overweight rating on Disney, told investors they believe estimates need a reset that harmonizes them with the stock price.
"We remain DIS bulls and think upcoming catalysts include Disney+ net adds progressing ahead of investor expectations, as well as potentially launching ESPN+ fully à la carte. If we're right, DTC within DIS has meaningful upside given where NFLX is trading (and NFLX feels less bad after 2Q22). But, it's not all positivity as we're also making the necessary cuts to Disney+ subs, DPEP and ads for recession," wrote the analyst.
He added that the company "has seen the wheels come off the stock wagon this year, down -34% (S&P500 -17%)."
Most of that devaluation has been streaming, though recession fears and CEO headlines haven't helped. We admit missing the catalysts that brought DIS down, but we also see catalysts for a rally from here against low expectations."
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agreed, nice to see technical analysis for trading instead of posters whining.
Walt Disney (DIS) 105 now key level to break, holds the 50D very strong
By: Options Mike | July 24, 2022
• $DIS 105 now key level to break, holds the 50D very strong.
112.50 would be next target.
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"Fairy Godmother's Apprentices"
You've got to be kidding. This woke joke of a company is disgusting.
KeyCorp Research Analysts Raise Earnings Estimates for The Walt Disney Company (DIS)
By: MarketBeat | July 22, 2022
• The Walt Disney Company (NYSE:DIS - Get Rating) - Research analysts at KeyCorp lifted their Q3 2022 EPS estimates for shares of Walt Disney in a report released on Tuesday, July 19th. KeyCorp analyst B. Nispel now anticipates that the entertainment giant will post earnings of $0.75 per share for the quarter, up from their previous forecast of $0.70. KeyCorp currently has a "Overweight" rating and a $131.00 target price on the stock. The consensus estimate for Walt Disney's current full-year earnings is $3.96 per share. KeyCorp also issued estimates for Walt Disney's Q4 2022 earnings at $0.73 EPS, FY2022 earnings at $3.65 EPS, Q3 2023 earnings at $1.27 EPS and Q4 2023 earnings at $1.16 EPS...
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Disney World Has Another Price Increase
By: TheStreet | July 22, 2022
• Walt Disney keeps finding additional ways to charge its theme-park visitors.
Disney World annual-pass holders and hotel guests used to get free MagicBands. Simply for joining the annual-pass program or booking one night or more at one of the company's on-property hotels while also buying tickets to one of its four Florida theme parks, you got a free watch-like bracelet that served as your admission ticket, room key, and a few other things.
This neat perk kept park visitors from having to keep track of a physical credit-card-like ticket or to regularly pull their phones out.
In January 2021 Disney discontinued the free Magic Band program. And it moved many of the MagicBand features to its mobile app.
That may seem like progress as it requires park and hotel guests to keep track of one less thing, but Disney has never addressed the challenge of keeping your phone charged during a long day at Disney World.
The four parks have few places where charging a phone is easy or even possible. Guests run down their batteries by taking photos, checking social media, and doing all the other things they use their phones for.
In 2021 the company did not eliminate MagicBands; it simply stopped giving them away for free.
"Disney Resort hotel guests will still be able to purchase new MagicBands at a discounted price, and Disney says they will continue releasing new MagicBand colors and designs. These will continue to be sold at retail locations as well as online," Disney Food Blog reported in 2021.
Now, Disney has a new version of its MagicBands, and as you might imagine nobody will be getting one free...
* * *
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Disney World descends into chaos as 2 families brawl in huge Magic Kingdom fight
By: Ronn Blitzer | July 21, 2022
A dispute between two families in line at Disney World turned ugly on Wednesday when the altercation escalated into an all-out brawl.
Somewhere in Fantasyland between Cinderella's Castle and Peter Pan's Flight, the warring families traded punches and profanity, as onlookers screamed in the background, Fox 35 reported. The fracas continued at the Orlando, Florida theme park for several minutes before park personnel and deputies broke it up.
"We came upon it, and it appeared as though it took about two minutes for two security personnel to arrive. Deputies arrived probably about five minutes after that," an eyewitness told the local Fox station.
According to the Daily Mail's reporting, the incident began when a female Disney guest waiting to get into Mickey's PhilharMagic realized she had left her phone on her electric conveyance vehicle and left the line to get it, while her family remained. When she returned, another family tried to block her from rejoining the line. Her family then reportedly waited outside the theater and confronted the other group.
"We don't appreciate you guys pushing my younger sister," one of them reportedly said to the other family.
From there, the confrontation devolved into a shouting match and then a physical fight before security and law enforcement got involved.
One of the men involved ended up hospitalized with a facial laceration with others suffering smaller bruises, the Daily Mail reported.
Fox News reached out to the Orange County Sheriff's Office for more information, but they did not immediately respond.
WARNING: VIDEO CONTAINS PROFANITY
Videos of the incident began popping up on social media but were later taken down. Footage of the brawl can still be found on the Walt Disney World News Today blog.
This is hardly the first fight at the Disney park this year. In May, deputies told Fox 35 a woman reportedly suffered bleeding on her brain after hitting her head on the ground during a fight she and her husband had with other park visitors as they tried to situate themselves before a fireworks show.
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lol you guys crack me up this is a trading board not a political board. Love the we don't want you here post like disney cares about what people are posting on ihub.
$DIS revenue and expenses visualized
By: Markets & Mayhem | July 19, 2022
• $DIS revenue and expenses visualized.
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Walt Disney's Hulu Subscriber Growth Outpaces Disney+
By: Investing.com | July 18, 2022
According to data from subscriber-measurement firm Antenna, Hulu's subscriber growth has made it Walt Disney 's (NYSE:DIS) fastest-growing streaming service.
As The Wall Street Journal reported, Hulu subscribers have topped Disney+, while in 18 of the past 24 months, Hulu's new subscriptions surpassed Disney+ in the last six quarters.
While Hulu's subscriber growth is moving positively, Disney Chief set a target of between 230 million and 260 million Disney+ subscribers and profitability for Disney+ by September 2024. However, some shareholders don't believe that is attainable for the company's flagship streaming service.
Despite Hulu's strong growth, its number of subscribers, 41.4 million, is dwarfed by that of Disney+, which has 137.7 million subscribers, according to the latest company figures.
Some analysts believe streaming is a drag on Disney's share price, with the streaming segment losing $887 million in the most recent quarter.
On Friday, Disney announced that the price of ESPN+, another of its streaming services, would increase from $6.99 to $9.99 per month, despite consumers dealing with soaring inflation.
The WSJ said the Antenna data indicates that Disney+ growth has leveled off since its launch in 2019, but it has solidified a core fan base with Hulu subscribers said to be less loyal than Disney+ customers.
Antenna's chief executive, Jonathan Carson, told the WSJ that Disney+ "did a great job of teeing up those hard-core Disney fans."
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This has been a total debacle under Capek. Interesting in-depth report on CNBC this am on the turmoil and friction between Bob Iger and Bob Capek, and how Iger did not want Capek to take over, etc. The board apparently asked Iger to delay his retirement and he refused. Bottom line is that DIS traded up at $200 not that long ago and has gone in the tank under Capek. And Iger is reportedly fuming over what has become of the company.
Walt Disney pushing up a big, weeks til earnings this name moves off $NFLX
By: Options Mike | July 17, 2022
• $DIS pushing up a big, weeks til earnings this name moves off $NFLX.
21D next target.
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Walt Disney (DIS) Price Target Cut to $120.00
By: MarketBeat | July 14, 2022
• Walt Disney (NYSE:DIS - Get Rating) had its price objective lowered by analysts at Barclays from $130.00 to $120.00 in a research note issued on Thursday, The Fly reports. Barclays's price objective would suggest a potential upside of 29.12% from the company's previous close...
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I didn't know Disney owned ESPN. That explains a lot. ESPN stock down 37% over the last 6 months. Normal people leaving that garbage too.
Walt Disney's ESPN to Raise ESPN+ Price by 43%
By: Investing.com | July 15, 2022
Walt Disney (NYSE:DIS) owned ESPN will raise the price of its streaming service, ESPN+, by 43% next month, according to Bloomberg.
The report stated the company aims to cover rising sports rights costs while not outpricing subscribers. The ESPN+ subscription price is rising to $9.99 a month from $6.99 per month. "The price increase reflects the growing amount of live sports and original programming on the streaming service," Bloomberg said ESPN stated.
They state that programming and production costs at ESPN+ increased 48%, to $454 million, in the quarter that ended in April, while Disney's direct-to-consumer business lost $887 million during that period.
Even so, the price increase comes despite consumers grappling with soaring inflation, which is expected to cause a reduction in discretionary spending.
In addition, Bloomberg states that media companies are under pressure to make their streaming services profitable, with ESPN+ experiencing strong growth in subscribers but not yet making money.
However, as they point out, there is a possibility the move could encourage consumers to move over to Disney's streaming bundle, which includes ESPN+, Disney+, and Hulu, and costs $13.99 a month.
Disney shares are trading 3% higher Friday.
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Disney...We don't want you here anymore!
Wonder if they are happily woke sickos now … do they thinkthe boys and girls should support their weirdo lifestyles after they dismissed any identity they possessed …..things … to them kids are things …cash money things to be fleeced standing in line for 1 hour for every 90 minutes they are in the overbooked parks
52 week low taken out. $75 coming next.
TOO MUCH MONKEY BUSINESS GOING ON WITH DISNEY THESE DAYS.... INVESTORS ARE FLEEING!!!!
EXPECY MORE SELLING, ITS GOING TO BE A BUMPY RIDE ACCORDING TO THE COMPANY'S SPOX!!!!!!!
EARNINGS WARNINGS LIKELY!!!!!!
52 week low coming
Exclusive: Disney inks major advertising deal with The Trade Desk
By: Axios | July 12, 2022
Disney has reached an agreement with The Trade Desk, a global ad tech company, that makes it possible for brands to target automated ads across Disney properties using data matched on the back end from Disney and The Trade Desk.
Why it matters: This is one of the largest media-business efforts yet to craft a new ad-targeting system as third-party tracking fades away, and it's likely to trigger a series of similar partnerships between major media companies and other big ad tech firms.
• Rita Ferro, Disney’s president of advertising sales for its media and entertainment distribution arm, said the company will be talking to other distribution partners about similar deals moving forward.
• Automation allows Disney to sell more ads at scale, and partnerships like the one brokered with the Trade Desk will make it easier for advertisers to buy automated ads without sacrificing the ability to target them narrowly.
Details: The deal integrates data from Disney’s Clean Room, a privacy-conscious repository of first party data, or data Disney gathers directly from its users with their consent, and matches it with personalized data that‘s been created through an industry framework called the Unified ID 2.0, which The Trade Desk has championed.
• The deprecation of third-party tracking cookies has forced advertising companies to come up with alternative ways to target ads using either first-party data sets like Disney’s or alternate data identity solutions like Unified ID 2.0.
Between the lines. The deal will help Disney achieve its goal of shifting more than 50% of all of its advertising sales to automated buying.
• Disney said last year its goal is to sell more than half of its ads in automated fashion in the next four years. Last year, more than 40% of the ad inventory Disney sold during its upfront advertising sales event was automated.
• The company has yet to reveal how much ad inventory it sold during its upfront presentation this year — rival NBCU recently said it sold more than $1 billion — but Ferro implied it would be a “nice announcement.”
The big picture: The deal comes as the streaming advertising landscape grows more competitive.
• Disney has long led the industry in digital television advertising, but now more big streamers, including Netflix, are looking to integrate digital advertising into their streaming solutions.
• Asked about Netflix’s foray into advertising, Ferro said, “I love our hand right now": ”We’re in a really good place with the investments we've made” and “in the partnerships we have in place to make sure that we're delivering for our partners.”
• For now, automated advertising is still a small portion of the overall television advertising thats sold in the U.S., but it’s expected to grow significantly as more TV companies and advertisers invest in automated technology.
Bottom line: “I think there's a lot of folks kind of sitting there waiting for some of this stuff to play out in the identity [personalized data targeting] landscape. But we're not waiting,” said Tim Sims, chief revenue officer at The Trade Desk.
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Tanking faster than a lead splitshot sinker in the river. Leave our children alone. Keep this company very far away from kids. The Magic is gone. Go woke, go broke.
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Outstanding Shares: 1.69B
Institute Own: 63%
Address: 500 S. Buena Vista St
BURBANK, CA 91521-0001
Website: http://thewaltdisneycompany.com
Full Description:
The Walt Disney Company, incorporated on July 28, 1995, together with its subsidiaries, is a diversified worldwide entertainment company.
The Company operates in five business segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive.
The Company has a 63% effective ownership interest in Disneyland Paris, a 5,510-acre development located in Marne-la-Vallee, approximately 20 miles east of Paris,
France. The Company manages and has a 40% equity interest in Euro Disney S.C.A.
The Company owns a 48% interest in Hong Kong Disneyland Resort through Hongkong International Theme Parks Limited. On November 7, 2012,
the Company sold its 50% interest in ESPN STAR Sports (ESS). On November 7, 2012,
the Company sold its 50% equity interest in ESPN STAR Sports (ESS). On December 21, 2012, the Company acquired Lucasfilm Ltd. LLC.
Media Networks
The Media Networks segment includes international and domestic cable television networks, a domestic broadcast television network, television production operations,
domestic and international television distribution, domestic television stations, domestic broadcast radio networks and stations, and publishing and digital operations.
The Company’s cable networks include ESPN, Disney Channels Worldwide, ABC Family, and SOAPnet. The Company also operates the UTV/Bindass networks in India.
The cable networks group produces its own programs or acquires rights from third-parties to air programs on its networks.
ESPN is a multimedia, multinational sports entertainment company that operates eight 24-hour domestic television sports networks: ESPN, ESPN2, ESPNEWS,
ESPN Classic, ESPN Deportes (a Spanish language network), ESPNU (a network devoted to college sports), ESPN 3D, and the regionally focused Longhorn Network
(a network dedicated to The University of Texas athletics). Disney Channels Worldwide is a portfolio of over 100 entertainment channels and/
or channel feeds available in 35 languages and 167 countries/territories and includes Disney Channel, Disney Junior, Disney XD, Disney Cinemagic,
Hungama and Radio Disney. ABC Family is a United States television programming service that targets viewers in the 14-34 demographic.
ABC Family produces original live-action programming including the returning series The Secret Life of the American Teenager, Switched at Birth,
Melissa & Joey, as well as new original series Bunheads, Baby Daddy and the reality series Beverly Hills Nannies. SOAPnet offers same-day episodes of daytime dramas
and classic episodes of daytime dramas and primetime series. Programming includes daytime dramas such as Days of its Lives, General Hospital and The Young
and the Restless and classic episodes from series such as All My Children, One Life to Live, The O.C., One Tree Hill, Beverly Hills 90210,
The Gilmore Girls, Veronica Mars and Brothers & Sisters.
Parks and Resorts
The Company owns and operates the Walt Disney World Resort in Florida, the Disneyland Resort in California, Aulani, a Disney Resort & Spa in Hawaii,
the Disney Vacation Club, the Disney Cruise Line and Adventures by Disney. The Company manages and has effective ownership interests of 51% in
Disneyland Paris, 48% in Hong Kong Disneyland Resort and 43% in Shanghai Disney Resort. The Company also licenses the operations of the Tokyo Disney Resort in Japan.
The Company’s Walt Disney Imagineering unit designs and develops new theme park concepts and attractions as well as resort properties.
The Walt Disney World Resort is located 22 miles southwest of Orlando, Florida, on approximately 25,000 acres of owned land.
The resort includes theme parks (the Magic Kingdom, Epcot, Disney’s Hollywood Studios and Disney’s Animal Kingdom); hotels; vacation club properties;
a retail, dining and entertainment complex; a sports complex; conference centers; campgrounds; golf courses; water parks;
and other recreational facilities designed to attract visitors for an extended stay.
The Company owns 461 acres and has the rights under long-term lease for use of an additional 49 acres of land in Anaheim, California.
The Disneyland Resort includes two theme parks (Disneyland and Disney California Adventure), three hotels and Downtown Disney, a retail,
dining and entertainment complex designed to attract visitors for an extended stay. Tokyo Disney Resort is located on approximately 494 acres of land,
six miles east of downtown Tokyo, Japan. The resort includes two theme parks (Tokyo Disneyland and Tokyo DisneySea); three Disney-branded hotels;
six independently operated hotels; and a retail, dining and entertainment complex.
The Disney Vacation Club offers ownership interests in 11 resort facilities located at the Walt Disney World Resort; Disneyland Resort; Vero Beach, Florida;
Hilton Head Island, South Carolina; and Oahu, Hawaii. Disney Cruise Line, which operates out of ports in North America and Europe, is a vacation cruise line
that includes four ships: the Disney Magic, the Disney Wonder, the Disney Dream, and the Disney Fantasy. Adventures by Disney offers all-inclusive guided
vacation tour packages predominantly at non-Disney sites around the world. Walt Disney Imagineering provides master planning, real estate development,
attraction, entertainment and show design, engineering support, production support, project management and other development services, including
research and development for the Company’s operations.
Studio Entertainment
The Studio Entertainment segment produces and acquires live-action and animated motion pictures,
direct-to-video content, musical recordings and live stage plays. The Company distributes produced and acquired films
(including its film and television library) in the theatrical, home entertainment and television markets primarily under the Walt Disney Pictures, Pixar and Marvel banners.
The Company produces and distributes Indian movies worldwide through its UTV banner. The Company holds a 99% interest in UTV, film production studios
and film distributors in India, which produces and co-produces live-action and animated content. During fiscal year ended September 29, 2012 (fiscal 2012),
UTV releases included Rowdy Rathore and Barfi. The Company produces and distributes both live-action films and full-length animated films. In the domestic
market, the Company distributes home entertainment releases directly under each of its motion picture banners.
The Disney Music Group includes Walt Disney Records, Hollywood Records (including the Mammoth Records and Buena Vista Records labels), Lyric Street Records,
Buena Vista Concerts and Disney Music Publishing. Disney Theatrical Productions develops produces and licenses live entertainment events.
The Company has produced and licensed Broadway musicals around the world, including Beauty and the Beast, The Lion King, Elton John & Tim Rice’s Aida,
Mary Poppins (a coproduction with Cameron Mackintosh Ltd), Little Mermaid, Newsies, and TARZAN.
Consumer Products
The Consumer Products segment engages with among others licensees, publishers and retailers throughout the world who design, develop, publish,
promote and sell a range of products based on existing and new characters and other Company intellectual property through its Merchandise Licensing, Publishing
and Retail businesses. The Company’s merchandise licensing operations cover a diverse range of product categories, which include toys, apparel, home decor and f
urnishings, stationery, health and beauty, accessories, food, footwear, and consumer electronics. Disney Publishing Worldwide (DPW) creates, distributes,
licenses and publishes children’s books, magazines and digital products in multiple countries and languages based on
the Company’s Disney-, Pixar- and Marvel-branded franchises. The Company markets Disney- and Marvel-themed products through retail stores
operated under the Disney Store name and through Internet sites in North America (DisneyStore.com and Marvelstore.com),
Western Europe, and Japan. The Company owns and operates 216 stores in North America, 106 stores in Europe, and 47 stores in Japan.
Interactive
The Interactive Games business creates, develops, markets and distributes console and handheld, games worldwide, including 2012 titles,
such as Disney Universe and Brave. The Interactive Games business also produces online games, such as Disney’s Club Penguin and Disney Fairies Pixie Hollow,
interactive games for social networking websites such as Gardens of Time and Marvel Avengers Alliance, and games for smartphone platforms,
such as Where’s My Water and Where’s My Perry. Certain properties are also licensed to third-party video game publishers. Interactive Media develops,
publishes and distributes content for branded online services intended for kids and family entertainment through a portfolio of websites including Disney.com
and the Disney Family Network. Interactive Media also provides Website maintenance and design for other Company businesses.
Officers and Directors:
Executive Chairman of the Board, Chief Executive Officer: Robert A. Iger -
Mr. Robert A. Iger is Executive Chairman of the Board, Chief Executive Officer of Walt Disney Company. Prior to that time,
he served as President and Chief Executive Officer of the Company since 2005, having previously served as President and Chief Operating Officer since 2000
and as President of Walt Disney International and Chairman of the ABC Group from 1999 to 2000. From 1974 to 1998, Mr. Iger
held a series of increasingly responsible positions at ABC, Inc. and its predecessor Capital Cities/ABC, Inc., culminating in service as President of the
ABC Network Television Group from 1993 to 1994 and President and Chief Operating Officer of ABC, Inc. from 1994 to 1999.
He is a member of the Board of Directors of Apple, Inc., the Lincoln Center for the Performing Arts in New York City and the
National September 11 Memorial & Museum. Mr. Iger has been a Director of the Company since 2000. Mr. Iger contributes to the mix of experience
and qualifications the Board seeks to maintain primarily through his position as Chairman and Chief Executive Officer of the Company and his long
experience with the business of the Company. As Chairman and Chief Executive Officer and as a result of the experience he gained in 40 years at ABC and Disney,
Mr. Iger has an intimate knowledge of all aspects of the Company's business and close working relationships with all of the Company's senior executives.
Chief Financial Officer, Senior Executive Vice President, Treasureer: Christine M. McCarthy - Ms. Christine M. McCarthy is Chief Financial Officer,
Senior Executive Vice President, Treasurer of Walt Disney Company. She has been Executive Vice President - Corporate Finance and Real Estate since June 2005
and Treasurer since January 2000. Prior to her appointment as Executive Vice President, Corporate Finance and Real Estate,
Ms. McCarthy was Senior Vice President and Treasurer from January 2000 to June 2005. She is responsible for the company wide management
of a variety of functions including corporate finance, capital markets, financial risk management, pension and investments, risk management,
global cash management, and credit and collections, as well as the real estate organization, including facilities development, operations and portfolio management.
Prior to joining Disney, Ms. McCarthy was the Executive Vice President and Chief Financial Officer of Imperial Bancorp from 1997 to 1999. From 1981 to 1996,
she held various finance and planning positions at First Interstate Bancorp. In 1993, she was elected Executive Vice President in Finance.
Ms. McCarthy is a current Board member and former Chairman of the Finance Committee of Phoenix House of California, and is also a Governor of the UCLA Foundation
and a member of its Investment Committee. In 2002, she completed terms as the Treasurer and a Director of the Alumnae Association of Smith College,
and as a member of the Smith College Investment Committee. She also served as a Board member of the Los Angeles Philharmonic Association from 1998 to 2001.
In 2003 she became a Director of the Advisory Board of FM Global. Ms. McCarthy completed her Bachelor's Degree in Biology at Smith College,
where she received an award for excellence in botany, and later earned an MBA in Marketing and Finance from The Anderson School at UCLA.
Chief Operating Officer: Thomas O. Staggs - Mr. Thomas O. Staggs is Chief Operating Officer of Company. He was Chairman, Walt Disney Parks and
Resorts of The Walt Disney Company on January 1, 2010. Mr. Staggs was Chief Financial Officer, Senior Executive Vice President of The Walt Disney Company until January 1, 2010.
He joined Disney in 1990 as Manager of Strategic Planning and soon advanced through a series of positions of increased responsibility,
becoming Senior Vice President of Strategic Planning and Development in 1995 before becoming CFO and Executive Vice President in 1998. Born in Illinois,
he received a BS in business from University of Minnesota and an MBA from Stanford University. He worked in investment banking at Morgan Stanley & Co. before joining Disney.
Chief Human Resource Officer, Executive Vice President: Mary Jayne Parker - Ms. Mary Jayne Parker is Chief Human Resource Officer,
Executive Vice President of Walt Disney Company. She designated as an executive officer of the Company October 2, 2009.
Ms. Parker was previously Senior Vice President of Human Resources for Walt Disney Parks and Resorts from October 2005 to July 2007 and
Vice President Human Resources Administration for Walt Disney Parks and Resorts from March 2003 to October 2005. Previously,
Ms. Parker served as the Senior Vice President of Human Resources, Diversity and Inclusion for Walt Disney Parks and Resorts worldwide.
She also served as a member of the Walt Disney Parks and Resorts Executive Committee. Ms. Jayne began her Disney career in 1988,
developing the programs that became a part of the Disney Institute. Over the next 20 years, she took on positions of increasing responsibility,
including Manager and Director of Disney University, Director and Vice President of Organization Improvement and Vice President of Organization and Professional Development.
Prior to joining Disney, Jayne was a consultant with Wilson Learning Corporation, where she was responsible for designing and developing media-based programs and
management development seminars for education and assessment. During that time, products she developed were awarded first and second place by the
International Television & Video Association. Ms. Jayne is a member of the American Society for Training & Development (ASTD) and has held positions with the
ASTD Instructional Technology (IT) PPA Executive Committee. She has also assisted in the design of several ASTD National Conventions. In addition,
Ms. Jayne is a member of The Conference Board's Council for Division Leaders-Human Resources. Ms. Jayne holds degrees in communications and
education, a master's in instruction design and technology and an M.B.A., all from the University of Central Florida.
Senior Executive Vice President, General Counsel, Secretary: Alan N. Braveman: Mr. Alan N. Braverman is Senior Executive Vice President,
General Counsel and Secretary of Walt Disney Company. Mr. Braverman was named executive vice president and general counsel of
The Walt Disney Company in January, 2003. Mr. Braverman serves as the chief legal officer of the company and oversees its team of attorneys responsible for all aspects of
Disney's legal affairs around the world. Previously, Mr. Braverman was executive vice president and general counsel, ABC, Inc. and deputy general counsel,
The Walt Disney Company. In that capacity he oversaw the legal affairs of the ABC Broadcast Group, ESPN and Disney/ABC Cable, as well as labor relations.
In August 1996, prior to Disney's acquisition of ABC, Inc., Mr. Braverman was named senior vice president and general counsel, ABC, Inc. In October 1994,
he was promoted to vice president and general counsel. He joined ABC, Inc. in November 1993, as vice president and deputy general counsel. In his positions with ABC, Inc.
Mr. Braverman had broad responsibilities for the operation of the legal department, for government relations and for the Corporation's legal affairs.
Mr. Braverman joined Capital Cities/ABC, Inc. from the Washington, D.C. law firm of Wilmer, Cutler & Pickering, where he started in 1976. He became a partner in 1983,
specializing in complex commercial and administrative litigation.
Before joining Wilmer, Cutler & Pickering, Braverman was a law clerk to the
Honorable Thomas W. Pomeroy, Jr., Justice, Pennsylvania Supreme Court. Mr. Braverman received a B.A. degree from Brandeis University in 1969
and worked for two years as a Vista volunteer in Gary, Indiana. In 1975, he received a J.D. degree summa cum laude from Duquesne University in Pittsburgh,
where he was also editor-in-chief of the Law Review.
Senior Executive Vice President, Chief Strategy Officer: Kevin A. Mayer - Mr. Kevin A. Mayer is Senior Executive Vice President, Chief Strategy Officer of Walt Disney Company.
He previously was Partner and Head of the Global Media and Entertainment Practice of L.E.K. Consulting LLC, a consulting firm, from February 2002,
and Chairman and Chief Executive Officer of Clear Channel Interactive, a division of Clear Channel Worldwide, a media company, from September 2000 to December 2001.
Mr. Mayer rejoined Disney from L.E.K. Consulting LLC, where he was a partner and head of the Global Media and Entertainment practice.
Prior to L.E.K., Mr. Mayer held positions at interactive and Internet businesses.
As chairman and CEO of Clear Channel Interactive he managed all aspects of new media business, including content, sales, business and technology development,
and distribution. While at Clear Channel, Mr. Mayer launched local subscription ticketing services. He also served as president and CEO of Playboy.com, Inc.
where he established the overall strategy and financial plans for the interactive business. While at Disney, Mr. Mayer worked in both strategic planning and at Walt Disney Internet Group.
At the Internet group, he served as executive vice president and as such was responsible for the operations, business plans, creative direction and
distribution of Disney's popular Web sites, including ESPN.com and ABCNews.com. Mr. Mayer first joined Disney in 1993 as manager,
Strategic Planning where he spearheaded strategy and business development for all of Disney's interactive/Internet and television businesses worldwide.
Mr. Mayer received his M.B.A. from Harvard University in 1990, and holds a M.S.E.E. from San Diego State University and a B.S.M.E. from Massachusetts Institute of Technology.
UPDATE; 07-31-2018
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