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Walt Disney price target raised at Wells Fargo, 'Best Opportunity in Media'
By: Investing.com | April 24, 2023
Wells Fargo raised the price target on Walt Disney (NYSE:DIS) to $147.00 from $141.00 while maintaining an Overweight rating, viewing it as the top idea in media.
According to the firm, Disney's Direct-to-Consumer (DTC) division presents a significant opportunity for the company to boost profits. Leveraging the combined strengths of Disney+, Hulu, and ESPN+, the firm believes Disney can generate over $100 billion in revenue and more than $7 in EPS by the fiscal year 2025.
Comparing Disney's performance to that of Netflix (NASDAQ:NFLX), which achieved a 13% operating income margin at $20B in revenue, the firm noted that Disney+ and Hulu, with a combined projected revenue of $20B by the fiscal year 2023, are currently experiencing a (15%) margin. However, the firm anticipates that Disney+ will implement price increases, pursue paid content sharing, and streamline content spending to around $8B, prioritizing profit over subscriber growth (projected at 131 million core subscribers by the fiscal year 2027).
The firm predicts that D+ and Hulu's DTC margins will surpass 20% by the fiscal year 2027, equating to an operating income of around $7B. The firm believes these DTC margin targets could be the basis for a future investor day.
The firm estimates 2022-2027 and 2023-2030 revenue CAGR of 6%, operating income CAGR of 13-14%, and EPS CAGR of 18-20%. Wells Fargo’s fiscal 2025 EPS estimate is $7.13 with over $8 by 2027 and nearly $10 by 2029.
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Disney (DIS) Stock Could Struggle Very Soon
By: Schaeffer's Investment Research | April 24, 2023
• DIS has pulled back to a historically bearish trendline on the charts
• Walt Disney is eliminating thousands of jobs this week
Walt Disney Co (NYSE:DIS) is in the news today after announcing a second round of job cuts will eliminate "several thousand" jobs from today until Thursday. Wells Fargo also chimed in with a bull note, raising its price target to $147 from $141.
Walt Disney stock, like the majority of Dow members today, is flat despite the news, down 0.2% at $99.35 at last glance. There is reason to believe the shares could soon move lower, however, as DIS has happened upon a trendline with historically bearish implications.
The stock has come within one standard deviation of its 60-day moving average for the sixth time in the past three years. According to Schaeffer's Senior Quantitative Analyst Rocky White, DIS was negative one month later 60% of the time, averaging a 5.7% loss. A similar move would place the equity below the $94 level for the first time since mid-March.
Now looks like a good time to weigh in with options. The stock is seeing attractively priced premiums at the moment, per Walt Disney stock's Schaeffer's Volatility Index (SVI) of 33%, which sits in the low 11th percentile of its annual range. Furthermore, the security's Schaeffer's Volatility Scorecard (SVS) sits at a 97 out of 100, meaning DIS has exceeded option traders' volatility expectations during the past year.
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Walt Disney Co. (DIS) Back at the 50D, could try the 200D again if it gets frisky..
By: Options Mike | April 23, 2023
• $DIS back at the 50D, could try the 200D again if it gets frisky.. .. stock is stuck.
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The Walt Disney Company (DIS) Receives Average Recommendation of "Moderate Buy" from Analysts
By: MarketBeat | April 21, 2023
• Shares of The Walt Disney Company (NYSE:DIS) have been assigned a consensus rating of "Moderate Buy" from the twenty-eight research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and nineteen have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $128.42...
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imo... I own this world right now.....don't be confused...DIS
Walt Disney Co. (DIS) 102 failure last week, it's trying to wake up but can't hold a close over the 50D right now...
By: Options Mike | April 16, 2023
• $DIS 102 failure last week, it's trying to wake up but can't hold a close over the 50D right now...
Will keep on watch.
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Nothing Disney is worth time or money. Complete waste. Been there done that and worst time ever. I boycotted Disney long time ago based on my experience.
Personally, I don't think DIS will hits their supposed goals. I also think that their numbers are over-inflated. Maybe somebody needs to thoroughly check their books.
lol you told to short yesterday and the stock goes up today good job
Walt Disney Today's raindrop candle had a solid cluster of volume outside this tight bull flag...
By: TrendSpider | April 10, 2023
• $DIS Today's raindrop candle had a solid cluster of volume outside this tight bull flag...
Breakout buyers spotted?
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yeah like you said to short this at 80's only for the stock price to go to 100's right after that not once but two times lol
DIS, NKE, BUD..... GREAT SHORTS!!!!!!!!!
Walt Disney Co. (DIS) Shareholder day not a needle mover. Saw Newsweek talking about $AAPL buying them again
By: Options Mike | April 8, 2023
• $DIS Shareholder day not a needle mover. Saw Newsweek talking about $AAPL buying them again.
This rumor always seams to get floated when stock is struggling. For what it's worth I doubt that would ever be approved!
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lol you're right but I'll stick to the penny junk before I buy woke stocks
Lol you can't talk about ethics when we play pennystocks where most only have two employees. The ceo and the secretary he is screwing. FYI dis not the only big board laying off people.
With 1000s of layoffs and more to be had.
It's a woke junk company come on man nobody puts their money into this garbage.
They use stray cats for rodent control instead of exterminators and indoctrinate children.
and there it is 100's lol
will it be third time going to 100 bucks after you saying it will go to 80's stay tuned lmao
WHAT'S GOING ON WHITH DISNEY IN FLORIDA???
"Florida's spat with Disney began after the company opposed a Florida law which prohibits the instruction of sexual orientation and gender identity until the third grade, and allows for "age appropriate" instruction in older grades."
WHAT'S WRONG WITH THEM TO EVEN MEDDLE IN SUCH DEMENTED CRAP?????
lol it's called trading you should try it sometimes
Disney Dumps Metaverse Aspirations. That Was An Easy Decision
By: Barchart | March 28, 2023
The Wall Street Journal reported Tuesday that part of Disney’s (DIS) 7,000 job cuts include 50 employees from its much-hyped metaverse-driven next-generation storytelling unit. According to the report, that’s virtually the entire metaverse operation.
Former CEO Bob Chapek promoted the unit as the “next great storytelling frontier.” Current CEO Bob Iger feels differently. While it’s never good to see job losses of any kind, the decision was easy.
Disney has much bigger issues to solve if its share price is to recover territory lost during Chapek’s tenure. In March 2021, DIS traded at or near $200. Today, it’s worth less than half that amount.
Disney’s most significant need is simultaneously reviving the creative culture at the company while doing so with an appropriate cost structure. Unfortunately, the metaverse operation was but one example of how bloated the company has gotten.
Axing the metaverse business was a no-brainer. Here’s why.
The Metaverse Wouldn’t Be A Profit Center For Years
One could argue that a company full of creative types should be given leeway to develop future products and services, such as the metaverse, in the same way, Alphabet’s (GOOGL) got its Other Bets unit, which makes expensive investments in the development of future technology. Waymo comes to mind, the company’s self-driving unit.
However, even Google, which generates $60 billion in annual free cash flow, has limits. In November, TCI Fund Management called on the company to reduce its headcount like Nelson Peltz did with Disney.
In TCI’s letter to Alphabet CEO Sundar Pichai, TCI Managing Director Chris Hohn said,
“Over the last five years, Other Bets has generated only $3 billion of cumulative revenue, but incurred a massive $20 billion of cumulative operating losses. Alphabet’s investments in Other Bets have been unsuccessful. Alphabet should reduce annual operating losses in Other Bets (which we expect to amount to $6 billion this year) by at least 50%,” Hohn stated in his Nov. 15 letter.
While it’s hard to imagine Disney’s operating losses from its metaverse project being anywhere close to what Google spends, Bob Iger could see the writing on the wall. It will take years to generate significant revenue from the metaverse, let alone operating profits.
When the time comes and Disney’s in a better financial position, both on the top and bottom line, there’s no reason it can’t go out and acquire a metaverse-related business to reignite its metaverse storytelling unit. That time isn’t now.
The company has to make its video streaming business profitable before going down the metaverse rabbit hole. Nelson Peltz would approve of its dismantling.
Three Rounds Of Job Cuts
Disney is cutting 7,000 workers from its payroll in three waves: some today, more in April, and the final cuts in late spring. The cuts are part of the company’s move to save companywide $5.5 billion in annual costs.
Iger has simplified its business into three segments: Disney Entertainment (streaming and media), ESPN (TV network and streaming service), and Parks, Experiences and Products (resorts, cruise line, theme parks, and products).
Approximately $3.0 billion of the cuts will come from content-related efforts, while the remaining $2.5 billion will be non-content-related. Translation: It will invest less in new streaming content for Disney+ while trimming the headcount across all three divisions.
I can’t say for sure, but I guess the 50 jobs from the metaverse unit would be part of the cuts from Disney Entertainment. In addition, several executives involved in its production operations have been laid off in the first round of its cuts, according to Deadline.
The company’s TV operations are expected to be a big casualty of the cuts. Less likely to be hit are front-line, guest-facing resort operations. You can’t run a theme park without human staff.
But, of course, until all the layoffs have happened and been reported on, this is all mere speculation.
Is ESPN For Sale?
Interestingly, ESPN -- both its network and streaming service -- has been established as a separate operating unit. Before the change, it was part of the Disney Media and Entertainment Distribution segment; the other being Disney Parks, Experiences and Products.
Under the new plan, Iger’s created a third unit with ESPN and shortened the content business’s name by three words to Disney Entertainment.
There has been plenty of speculation about whether Iger would sell or spin off ESPN. However, in its Q1 2023 conference call, the CEO said the company wasn’t contemplating a spinoff.
“ESPN is a differentiator for this company, is the best sports brand and television, is one of the best sports brand in sports. It continues to create real value for us,” Iger stated.
“It is going through some obviously challenging times because of what’s happened in linear programming. But the brand of ESPN is very healthy, and the programming of ESPN is very healthy.”
He believes that the company can successfully transition ESPN from linear TV to streaming, but it won’t do so until it is sure business profitability won’t be adversely affected.
In the meantime, investors should have an easier time valuing the entire company, with ESPN hived off into its own unit. Of course, that cuts both ways. When business is good, ESPN will add value to the share price. When it doesn’t, that will be a headwind for its stock.
Ultimately, it makes sense to simplify the business reporting along these lines.
The Bottom Line On Job Cuts
The 7,000 job cuts represent about 3.2% of its 220,000 global headcount. The 50 or so let go from the metaverse project is less than 1% of the 7,000 job losses. In the big picture, it’s a tiny cut, but given how much it would have to spend on an uncertain outcome, the move makes a ton of sense.
Disney is far better off taking what it would have to spend over the next 3-5 years on the metaverse and investing it in customer-centric parts of its business. This includes providing better benefits for its front-line park employees.
If you’re a Disney shareholder, this small cut makes excellent sense.
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Woke Disney Begins Mass Layoffs with TV Production, Acquisition Employees
https://www.breitbart.com/entertainment/2023/03/28/woke-disney-layoffs-hit-tv-production-acquisition-employees/
Walt Disney (DIS) Upgraded at StockNews.com
By: MarketBeat | March 24, 2023
• Walt Disney (NYSE:DIS) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Friday...
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Douglas Lane & Associates LLC Has $50.85 Million Stake in The Walt Disney Company (DIS)
By: MarketBeat | March 23, 2023
• Douglas Lane & Associates LLC decreased its holdings in The Walt Disney Company (NYSE:DIS) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 585,266 shares of the entertainment giant's stock after selling 5,833 shares during the quarter. Douglas Lane & Associates LLC's holdings in Walt Disney were worth $50,848,000 as of its most recent SEC filing...
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DIS CLOSED ***RED*** AGAIN!!!!!!!!
DIS huge layoffs are expected in April.
Nobody supports Disney anymore as it has gone extereme left with wokism. Should have catered to the REAL majority. We all see Disney stuff in stores now and turn our heads. They are pathetic sickos!
$DIS *SIZE** ITM Risk Reversal for 04/21/23
By: Money Flow Mel | March 22, 2023
• $DIS *SIZE** ITM Risk Reversal for 04/21/23
1 mil DP tied
Writing the 4/21 $80 PUTS
Opening the 4/21 $80 CALLS
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How do good people invest their money in this sick company ..it’s a cabal of child attracted weirdos IMO..who are steaming straight ahead to destroy children’s innocence at the earliest age possible
Disney’s ‘The Little Mermaid’ Trailer Gets More than 1 Million Dislikes in One Week, Left Blames ‘MAGA Racists’
THE DEMENTED CLOWNS THAT RUN DISNEY STILL DON'T GET IT. NOBODY IS BUYING THE WOKE GARBAGE THEY ARE PEDDLING!!!!!!
THIS JUNK STOCK WILL CONTINUE TO UNDER PERFORM UNTIL THE ENTIRE BOD IS REPLACED WITH SOUND MINDED BUSINESS PEOPLE INSTEAD OF THE SJW LUNATICS THEY HAVE NOW!!!!!!!!
Disney+ Wins
By: 24/7 Wall St. | March 18, 2023
As The Walt Disney Company’s prospects started to fall apart last year, the company brought back former CEO Rober Iger. One of his jobs was to get people to pay more for Disney’s streaming services which were losing billions of dollars. It needed to raise rates to remedy this. Investors feared higher money prices would drive away subscribers. They did not.
According to new research from Antenna, Disney+ subscribers were hit with a $3-a-month increase. They could accept the charge, move to the Disney+ ad-supported service, or leave. “Antenna found that 94% of Disney+ Premium plan Subscribers took the price increase, 5% canceled, and less than 1% of existing subscribers maintained their current cost by switching to the Ad-supported plan.” That could take Disney’s streaming services from a huge loss to a profit.
When Disney reported earnings on November 23 of last year, former CEO Bob Chapek faced the fact that the company lost $1.5 billion on streaming. That nearly doubled from the same quarter the year before. Disney+ was doing well as it gathered 12.1 million new subscribers. That took its total to 164.2 million. While that is below Netflix’s 220 million, the Disney number has grown remarkably since the service was announced in November 2019.
Disney+ has the advantage of a remarkable content library. It includes Disney’s shows and those of several divisions. That includes Pixar, Star Wars, and Marvel. In the most recent quarter, the streaming service still lost money. And its growth in subscribers dropped slightly to 161.8 million. (These are the most profitable movies of all time.)
Iger took a chance when he raised rates. The board brought him back to solve Disney’s growing problems. He has a new win on his hands. His gamble paid off and paid off remarkably well. (These are the cheapest streaming services in America.)
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Disney's Failure Deepens
By: 24/7 Wall St. | March 12, 2023
Once and future Disney CEO Bob Iger was supposed to fix Disney. He was supposed to make huge staff cuts to convince skeptics that he could cut fat, not bone. He was supposed to reprice streaming services. He was supposed to save Disney properties from encroachment by the state of Florida. The market has rejected his strategy, and that will not change soon. Disney’s stock has been off 17% in the last six months. Even the shares of badly managed Warner Bros. Discovery has done better.
Iger recently said he has been unable to unlock how Disney+ can be profitable. It is priced too low compared to most other major streaming services. Its success, based on subscriber growth, has slowed. Oddly, one of his plans is to cut back on programming. One would think to draw new customers, he would have to go in the opposite direction. Most research shows that Americans have an average of three to four streaming services. Among those are powerhouses Netflix and Amazon Prime Video. They expand content offerings almost every month.
On the other hand, Iger says one of Disney’s “products” is too expensive. The sharp price of going to Disney parks has risen too much. “I’ve always believed that Disney was a brand that needed to be accessible. And I think that in our zeal to grow profits, we may have been a little bit too aggressive about some of our pricing,” Iger said.
Florida Governor Ron DeSantis has taken control of the area around Disney World. NPR reporters wrote regarding new Florida regulation: “The heart of the bill is the appointment of a five-person state board to oversee municipal services, such as fire protection and road maintenance, where Disney World operates.”
Iger’s chess moves so far involve pricing and dumping people. That is hardly a road to a much more successful company. Iger has to develop a collection of solutions that transform Disney much more broadly.
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Walt Disney “History doesn't repeat itself, but it often rhymes.”
By: TrendSpider | March 11, 2023
• “History doesn't repeat itself, but it often rhymes.”
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DIS $93.57 -2.57 (-2.67%) ... THIS POS STILL GOING DOWN!!!!!!!!
DIS IS CURRENTLY BACK TO 2014 PRICES!!!!!!!
DIS = DEAD MONEY!!!!!!!!
W**E DISNEY WILL BE BACK IN THE $80'S SOON ENOUGH!!!!!!!
SO MUCH FOR THE SHAMELESS PUMPER CLOWNS!!!!!
LMAO!!!!!!!!!!
lol you also said to short it at 80s and it went to 100s not once but twice lmao
DIS $96.10 -3.20 (-3.22%) .. SUCKERS!!!!!
I WARNED EVERYONE THIS JUNK STOCK WOULD DROP!!!!!!!!!
LMAO! No chance. Disney wouldn't touch the AMC mess for anything with AMC's continuing projected losses and crippling mountain of debt. And, there is no intrinsic value there even in a sale or breakup. Besides, Disney has made it clear, including in the statements from Bob Iger since he returned as CEO, that Streaming is the future,
Disney needs to buy AMC
it's a win win for both
The Walt Disney Company (DIS) Given Consensus Rating of "Moderate Buy" by Analysts
By: MarketBeat | March 2, 2023
• Shares of The Walt Disney Company (NYSE:DIS) have been given an average rating of "Moderate Buy" by the twenty-eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and eighteen have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $128.92...
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Walt Disney 'may sell 67% stake in Hulu' - Citi
By: Investing.com | March 2, 2023
Citi believes Walt Disney (NYSE:DIS) may sell its 67% stake in Hulu, analysts revealed on Thursday.
The analysts also said, in parallel, they suspect Disney may secure the distribution rights to two Marvel characters held by Comcast (NASDAQ:CMCSA) — Hulk and Namor.
"Based on Hulu's level of profitability, the sale price, and Disney's use of proceeds, we see a wide range of outcomes from ~$3 downside to ~$13 of upside per Disney share. For Comcast, we see a balanced risk-reward of $2-3 per share in each direction, while the strategic and financial merits supports a positive move for the equity, in our view," the analysts explained.
Citi previously suggested two paths for Disney's direct-to-consumer business: to raise prices to narrow the EBIT gap or combine Disney+ and Hulu into a single app and increase the cadence of new releases, leaving price increases to the future.
"Following fiscal 1Q23 results, we believe the company is less interested in a mass market DTC offering. This raises the possibility that Disney may sell its Hulu stake," the analysts claim.
"While Disney owns all Marvel IP, Universal has distribution rights to Hulk and Namor. As such, if Disney makes a Hulk or Namor film, Comcast can distribute the film on Peacock. If Hulu is sold, Disney may use this as an opportunity to secure these distribution rights."
Although Disney does not report standalone Hulu financials, Citi assessed a range of values and estimate it is valued between $19.8 billion and $27.5 billion.
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DIS CRAP IS SWIRLING... THE BIG FLUSH VERY SOON!!!!!!!!!
Until it did. Far from solid green.
Yep! 3 pm Central, 4 Eastern at the close. All in the green for DIS today. Just the facts!
Prudent Capitalist. At 3pm you were correct.
Negative. Disney has not printed one trade in the red today (Monday) and is solidly in the green. SMFH
OIC, so it’s the entire markets fault that Disney is red……hmmmm, must be those fictional boogeymen at work.
Walt Disney If this weekly shooter plays out like the last one, it would put Disney at new 52-week lows by April...
By: TrendSpider | February 25, 2023
• $DIS If this weekly shooter plays out like the last one, it would put Disney at new 52-week lows by April...
Playing out very similarly so far!
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LMAO! The entire markets opened up deep red. SMFH
TIMBER Disney opens up deep, deep red. My guess is people are seeing what Disney stands for, represents and promotes with their sick, demented and perverted ways.
There is a ton of public knowledge information out there exposing Disney and their disgusting narrative.
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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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