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Disney's steep streaming costs push shares to 2-1/2-year low
By: Investing.com | November 9, 2022
(Reuters) - Shares in Walt Disney (NYSE:DIS) Co tumbled 12% to the lowest since March 2020 on Wednesday, as ballooning costs at the entertainment giant's fast-growing streaming division cast a shadow on strong subscriber additions.
Disney+ has attracted millions of subscribers and will launch an ad-supported tier next month, but executives' promise of profitability next year and forecast for operating results in the next quarter failed to impress.
The company missed analysts' expectations for fourth-quarter earnings, after a $1.5 billion loss in its streaming division.
Disney's streaming losses mount in the last 3 years https://graphics.reuters.com/DISNEY-RESULTS/byvrlogozve/chart.png
"Disney's streaming results are indicative of the tightrope it is walking," said Fred Boxa, associate director at consulting firm Arthur D. Little.
Finance chief Christine McCarthy, in a call with analysts on Tuesday, said the ad tier was not expected to meaningfully impact results until later in the financial year.
Subscriber growth in Disney+ was expected to accelerate in the second quarter, she added, a sign analysts said indicated a soft first quarter.
"As the platform aims for profitability, it's placing some of that burden on its user base in the form of price hikes that could stall growth during a time of economic pinch," said Mike Proulx, research director at Forrester.
A weaker-than-expected annual revenue growth forecast also dragged shares. Disney estimated a "high single-digit" percentage growth, while the Street was expecting 12%.
At least 13 brokerages cut their price targets on Disney stock.
McCarthy said streaming operating results would improve by at least $200 million in the first quarter of fiscal 2023, compared with the latest reported quarter.
"We expect that the 'achieving profitability' breakthrough will likely occur in the fourth quarter of fiscal 2024," Morningstar analyst Neil Macker said.
Shares have fallen more than 35% this year, compared with a 20% drop in the S&P 500, battered by a cautious outlook for ad sales and recessionary fears.
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Like I said Woke is Broke Sub 100's like I said 86.28 LOW
Rough day for Kiddie Grooming Perverts, but everyday should that they are not locked Up
Rough Day for Walt Disney (DIS) Stock Amid Streaming Costs
By: Schaeffer's Investment Research | November 9, 2022
• Streaming costs cut into Walt Disney's fiscal fourth-quarter results
• Analysts are cutting their price targets after the company's lackluster fiscal fourth-quarter results
Walt Disney Co (NYSE:DIS) stock is plummeting to its lowest levels since March of 2020, down 10.8% at $89.03 at last glance. The blue-chip entertainment giant poured billions into its streaming service, Disney+, in an effort to compete with Netflix (NFLX) and other services; and though the number of subscribers surpassed estimates this quarter, investors are focused on the $1.5 billion loss in the direct-to-consumer unit from the streaming costs, which contributed to Walt Disney's fiscal fourth quarter results miss.
A host of bear notes is weighing on the security as well. No fewer than 13 analysts slashed their price targets today, with the lowest from Cowen and Company to $94 from $124. The brokerage bunch is still heavily bullish, however, with 17 of the 21 in coverage carrying a "buy" or better rating on the stock, while the 12-month consensus price target of $130.68 sits at a 36.4% premium to current levels.
DIS options are flying off the shelves today, with overall volume running at eight times the intraday average. So far, 103,000 calls and 76,000 puts have crossed the tape. The weekly 11/11 88-strike put is the most popular, with new positions being opened there. It's also worth noting that the stock has landed on the short sell restricted (SSR) list today amid the negative price action.
Long-term pressure at the descending 180-day moving average has helped guide the shares lower over the past year, and today's bear gap has DIS breaking below the $90 level, which has provided support for pullbacks since July. Year-to-date, the equity is down 42.1%.
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New 52 week lows for the Kiddie Groomer, keep shorting it
will be a good trade again down the road for those who can keep emotions in check :) the streaming loss was the killer.
$DIS will pay the price for indoctrinating little kids, their pervert ways are Sick, Short it to Zero!
Kiddie Groomers losing $$$$$, bwahaaaaaaa, Perverts
Disney Crushed
By: 24/7 Wall St. | November 9, 2022
Walt Disney Co. (NYSE: DIS) streaming services picked up more subscribers than expected. Financially, it was battered in the process. Overall, Disney results disappointed, leaving investors to ask whether improvements in the streaming business are worth it.
Considering the entertainment company’s problems, The Wall Street Journal reported, “Disney’s streaming segment lost $1.47 billion in the fourth quarter, a loss of more than twice that of the year-earlier period and 38% wider than what analysts polled by FactSet had predicted.” That brings losses since the launch of the service three years ago to $8 billion, the article pointed out.
Disney hopes two moves will improve streaming financials. The first is that it will raise prices. The other is that it will have an advertising-supported service. The trouble with these moves is that Disney may be unable to raise prices and keep subscriber counts high in an extremely competitive sector. The second is that the recession has badly hurt the advertising markets. The earnings at Meta and Alphabet show this.
Disney’s streaming competition includes Netflix, Amazon, HBO and Apple, just to name those backed by corporations with strong balance sheets. Each already has a huge roster of TV shows and movies. Apple is the exception, but it may have the strongest balance sheet of any company in the world. Additionally, Apple has a built-in customer base of billions of iPhones, iPads and Macs. No other company has a hardware and operating system user network that matches that.
Disney’s stock, which already has been punished, dropped another 7% on the poor earnings news. The shares, at $99, sit near the 52-week low. They are down 44% in the past year, a drop much greater than the S&P’s 19% loss.
Finally, the news calls into question whether CEO Bob Chapek was the man the board should have appointed. Virtually every major move he has made has undermined Disney’s prospects.
The streaming business is brutal. Disney has to decide what it is willing to pay to continue some level of growth.
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$DIS: "Our bundled and multi-product offerings now account for over 40% of our FY end domestic Disney+ subscriber count
By: The Transcript | November 8, 2022
• $DIS: "The advertising landscape remains fluid. The sports marketplace in particular is delivering strong audiences across our platforms with marketers looking to take advantage of live events"
$DIS: "...several categories, including political farmer insurance and restaurants have continued to show relatively stable demand, while others remain cautious in anticipation of potential economic softness"
$DIS: "Our bundled and multi-product offerings now account for over 40% of our FY end domestic Disney+ subscriber count. This shift has been purposeful as the bundle drives higher total company subscription revenue & higher long-term subscriber value due to notably lower churn"
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Disney shares drop as streaming costs drag earnings below estimates
By: Investing.com | November 8, 2022
(Reuters) - Walt Disney (NYSE:DIS) Co said on Tuesday its marquee streaming service, Disney+, gained more subscribers than Wall Street had expected, but investment costs dragged quarterly earnings below analysts' targets.
Shares of Disney fell 6.5% in after-hours trading to $93.40. Investors have increasingly focused on profits over streaming subscription numbers for media companies that are trying to capture online viewers.
Disney is spending billions to compete with Netflix Inc (NASDAQ:NFLX) and others with its streaming options. Disney+ reported 164.2 million subscribers in the fiscal fourth quarter, surpassing Factset estimates of 161 million.
The cost to build Disney's streaming business led to a $1.5 billion loss in the direct-to-consumer unit, which hurt quarterly earnings.
"The journey feels somewhat akin to Netflix's path," PP Foresight analyst Paolo Pescatore said. "Therefore, expect more bumps ahead and further losses in the streaming business as there's no silver bullet to profitability."
Disney's net income from continuing operations rose 1% to $162 million. Excluding some items, Disney earned 30 cents per share, missing Wall Street's target.
Revenue of $20.15 billion for the July-to-September quarter also fell short of the consensus estimate of $21.25 billion.
Disney has amassed a total of 235 million subscriptions across Disney+, Hulu and ESPN+ streaming services, a gain of 14.6 million from the previous quarter. Hulu reported 47.2 million subscribers, up 8% from a year ago, and ESPN+ logged 24.3 million, a gain of 42% from a year earlier, and Disney+ is up 39% from a year ago.
The company repeated comments in August that losses from its direct-to-consumer business would peak in fiscal 2022 which ended Oct. 1.
"We expect our DTC operating losses to narrow going forward and Disney+ will still achieve profitability in fiscal 2024," said Chief Executive Robert Chapek. "Assuming we do not see a meaningful shift in the economic climate."
The ad-supported version of the Disney+ service will launch in the United States on Dec. 8, bringing a new source of revenue to underwrite the billions the company spends creating original movies and series for the services. Macquarie Research analyst Tim Nollen estimated the ad tier could bring an additional $800 million in ad sales next year.
Disney theme parks posted robust growth despite COVID-19 related travel restrictions in China and Hurricane Ian forcing the temporary closure of Walt Disney World in Florida in September.
Disney's parks, experiences and products group reported revenue of $7.4 billion in the quarter, beating analysts' forecasts. Operating income reached $1.5 billion, more than double a year ago.
Nollen wrote that higher prices, and the technology Disney uses to distribute demand, have resulted in a 40% increase in spending per person since 2019.
For the fiscal year, Disney reported per-share earnings of $3.53, excluding certain items, on revenues of $82.7 billion.
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Disney (DIS) Misses on profit and key revenue segments, but sees strong streaming growth
By: CNBC | November 8, 2022
Disney fell short of expectations for profit and key revenue segments during the fiscal fourth quarter, but saw strong streaming growth for its Disney+ platform — a rare bright spot in the report out Tuesday.
The company reported that Disney+ added 12.1 million subscriptions during the period, bringing the platform’s total subscriber base to 164.2 million, higher than the 160.45 million analysts had forecast, according to StreetAccount estimates.
CEO Bob Chapek also said that Disney+ will achieve profitability in fiscal 2024. The direct-to-consumer division lost $1.47 billion during the most recent quarter.
The company is set to hike prices for the service in December and is planning an ad-supported tier, which is expected to boost revenue.
But the better-than-expected streaming numbers come alongside top- and bottom-line results that missed Wall Street expectations. And the company’s parks and studio divisions came in short as well.
Here’s how the company performed in the period from July to September:
• Earnings per share: 30 cents per share adj. vs 55 cents expected, according to a Refinitiv survey of analysts
• Revenue: $20.15 billion vs $21.24 billion expected, according to Refinitiv
• Disney+ total subscriptions: 164.2 million vs 160.45 million expected, according to StreetAccount
At the end of the fiscal fourth quarter, Hulu had 47.2 million subscribers and ESPN+ had 24.3 million. Combined, Hulu, ESPN+ and Disney+ have over 235 million streaming subscribers. Netflix, long the leader in the streaming space, had 223 million subscribers, according to the most recent tally.
Disney reported record results at its parks, experiences and products segment, Chapek said in an earnings release. The division, which includes the company’s theme parks, resorts, cruise line and merchandise business, saw revenue increase more than 34% to $7.4 billion during the quarter.
Operating income increased more than 66% to $1.5 billion as spending increased at its domestic and international parks and consumers booked voyages on its new cruise ship the Disney Wish. However, the parks unit saw operating income come in lower than expectations, reaching $815 million compared to the $919 million expected by StreetAccount.
The company blamed cost inflation, higher operations support costs and the cost of new guest offerings for the lower figure. This was offset by higher ticket revenue that was driven by the introduction of the Genie+ and Lightning Lane options.
Its consumer products got a boost from sales of merchandise based on Mickey and friends as well as “Encanto” and “Toy Story.”
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Disney $DIS reports earnings today after the markets close, Wall ST is expecting numbers of
By: Markets & Mayhem | November 8, 2022
• Disney $DIS reports earnings today after the markets close, Wall ST is expecting numbers of
EPS of $0.56 up 47.4% YoY
Revenue of $21.44B up 15.7% YoY
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Walt Disney (DIS) to Release Quarterly Earnings on Tuesday
By: MarketBeat | November 1, 2022
• Walt Disney (NYSE:DIS - Get Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, November 8th. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link...
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Disney to test early merchandise access for U.S. Disney+ customers
By: Investing.com | November 1, 2022
LOS ANGELES (Reuters) - U.S. subscribers to the Disney+ streaming service will be able to purchase new Star Wars lightsabers, Black Panther masks and other merchandise starting on Tuesday, a week ahead of the general public, Walt Disney (NYSE:DIS) Co said in statement.
The company described the offering as a limited test of an additional benefit for streaming customers looking to grab coveted products created for the holiday shopping season.
Disney, Netflix Inc (NASDAQ:NFLX) and other companies are working to attract streaming customers amid growing competition for online viewers. The Mouse House reported roughly 152.1 million Disney+ subscriptions as of July 2, including 44.5 million in the United States and Canada. Disney will reveal its latest streaming numbers in its earnings report on Nov. 8.
With the new offering, Disney+ will give U.S. subscribers the chance to buy new products related to "The Mandalorian," "Black Panther" and "Doctor Strange" through a dedicated page on the shopDisney.com website. Viewers can reach the page via QR codes under "Shop this Story" on the Disney+ page for a specific series or movie.
A shop tab will appear on Disney+ primary profiles for U.S. subscribers 18 and older, the company said.
U.S. Disney+ customers also will have the option to buy exclusive "Frozen 2" and "Lightyear" products.
"Special access to this curated collection of merchandise for the upcoming holiday season is the latest example of the many ways we experiment with how to improve the user experience on Disney+, which includes enhancing the benefits of being a subscriber," Disney+ President Alisa Bowen said in a statement.
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Disney Book value is $51.28 and has total debt of $51.6B
The Walt Disney Co. Receives Consensus Recommendation of "Moderate Buy" from Analysts
By: MarketBeat | October 28, 2022
• The Walt Disney Company (NYSE:DIS - Get Rating) has been assigned an average recommendation of "Moderate Buy" from the twenty-six research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $144.24...
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Walt Disney (DIS) Given New $143.00 Price Target at KeyCorp
By: MarketBeat | October 26, 2022
• Walt Disney (NYSE:DIS - Get Rating) had its target price dropped by research analysts at KeyCorp from $154.00 to $143.00 in a report issued on Wednesday, Stock Target Advisor reports. The brokerage presently has an "overweight" rating on the entertainment giant's stock. KeyCorp's target price suggests a potential upside of 37.03% from the stock's current price...
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Disney Debuts Morbidly Obese Protagonist to Promote Body Positivity Movement.
A new animated short film from Disney will feature a “plus-sized” ballerina as its main character, in purported efforts to promote the unhealthy “body positivity” movement.
A trailer for the short film “Reflect,” which will be featured alongside other films in Disney’s “Short Circuit” series, shows a young fat girl practicing to become a ballerina.
“This marks the first time a plus-sized female character has played the lead in a Disney animated film,” reports entertainment site The Mary Sue.
“While these are merely positions the dancer needs to strive for, she looks sadly into the mirror and is clearly unhappy with the body she sees,” The Mary Sue describes. “Suddenly, the mirror begins to crack and shatter, in a visual symbol of the poor body image she has.”
The Mary Sue went on to note, however, they’d have rather seen the film portray the fat girl as tremendously successful, rather than overly-concerned with her insecurities, a sentiment shared by a Twitter user.
“Reflect” director Hillary Bradfield said she wants people who watch the film to “feel more positively about themselves and how they look and feel okay about the tough parts of their journey.”
However, there’s nothing positive about the fat acceptance movement, which promotes a dangerously unhealthy lifestyle and glorifies obesity to the detriment of millions of people around the world.
Recently, one of the most outspoken opponents of the movement has been Ye, formerly known as Kanye West, who expressed to Fox News host Tucker Carlson he was disappointed fellow performer Lizzo can’t tell her audience she lost weight because they would “attack her.”
“When Lizzo loses 10 pounds and announces it, the bots … on Instagram, they attack her losing weight, because the media wants to put out a perception that being overweight is the new goal when it’s actually unhealthy,” Ye told Carlson, adding, “It’s demonic.”
That's the thing. This is a stock trading site. Not the site to discuss what is right and wrong in this world
imo.. . there may be a disconnect between moral and financial concerns kool....trying to break it to you softly_____DIS
Unusual Options Activity For Disney (DIS) Aligns With A Fundamental Pivot
By: Barchart | October 27, 2022
After a meteoric recovery from the malaise of the COVID-19 lows, shareholders of entertainment stalwart Disney (DIS) looked forward to a complete normalization of society. However, said normalization also managed to hurt DIS stock as the revenge travel phenomenon took hold, translating to consumers eschewing at-home entertainment platforms. Fortunately, though, broader circumstances suggest that a fortuitous pivot will get people back to the Magic Kingdom.
Several days ago, Disney’s rival in the streaming sector Netflix (NFLX) delivered a much-needed earnings beat for its third quarter. Primarily, the company grew revenue 6% on a year-over-year basis to $7.93 billion. Notably, Wall Street’s consensus sales target was $7.85 billion. According to the Motley Fool, revenue growth was “driven by a 5% increase in average paid subscriptions and a 1% rise (8% in constant currency) in average revenue per subscriber.”
Also, Netflix managed to deliver paid net subscriber growth of 2.41 million. Per Motley Fool, that was “down from 4.4 million in the year-ago period but much better than the 1 million the company had forecast and analysts were expecting. Netflix ended the quarter with 223.09 million global paid subscribers, up about 5% year over year.”
Finally, Netflix posted net income of $1.4 billion or $3.10 per share, representing a 3% YOY loss. However, this tally easily surpassed the consensus estimate targeting $2.13 per share.
Obviously, the positive print offers the most benefits for Netflix. However, Disney should receive some downwind joy as the fundamentals that helped spark Netflix’s Q3 beat should apply to DIS stock as well. Specifically, we may be witnessing the broader entertainment ecosystem return to the living room.
With millions of consumers having exercise their revenge travel urges, the current emphasis may be on cheap entertainment. In terms of bang for the buck, few platforms can compete with compelling streaming services. And bullish traders appeared to have caught on.
Investors Eagerly Focus on DIS Stock
Upon the ringing of the closing bell for the Oct. 26 session, DIS stock represented one of the highlights of the day’s unusual options activity. In fact, it was the highlight, ranking as the most unusual for the Wednesday session.
Specifically, bullish traders bid up the $130 calls with an expiration date of Nov. 11, 2022. Keep in mind that Disney will release its fiscal full year and Q4 2022 earnings results on Nov. 8. Volume reached 18,599 contracts against an open interest reading of 172. Moreover, the bid-ask spread as represented by the midpoint price (11 cents) came out to 9.09%, which stands on the high side of the spectrum.
For the record, DIS stock closed at $104.63 on Wednesday. Therefore, shares will need to rise 24.25% for the aforementioned call to be at the money.
Frankly, it’s an aggressive trade. Disney features a beta of 1.23 so significant movements relative to the benchmark index are not entirely commonplace. Still, to be fair, DIS gained over 9% in the trailing month. Tack on an earnings beat and yes, it’s possible that Disney could be in the money relative to the above call option.
According to data from Barchart.com, Disney’s put/call open interest ratio stands at 0.62. Typically, the delineation point between bullish and bearish sentiment is 0.70, with figures lower than this level indicating that more traders are acquiring calls than puts. Therefore, the recent optimistic spike in DIS stock reflects the predominant trend in the options market.
Strange Tailwinds Bolster Disney
More than likely, traders bidding up the $130 calls on DIS stock are betting specifically on the underlying company beating expectations for its earnings report. To be sure, anything can happen with such endeavors so participation in this trade represents a personal choice. However, as a fundamental narrative, Disney certainly has a chance to engineer a substantive comeback.
First, the company may benefit from broader economic pressures – a counterintuitive argument. However, with inflation and the subsequent erosion of purchasing power dominating proceedings for the first half of this year, consumers have every incentive to trade down their entertainment budget to lower-cost alternatives. Again, streaming services provide much bang for the buck, thus boosting the Magic Kingdom’s platform Disney+.
Second, broader fears of a global recession may also symbolize another strange tailwind for DIS stock. Back during the Great Recession, box office attendance boomed as demand for escapism accelerated. Should another economic downturn materialize, it would of course be bad news for most industries. However, Disney stands a decent chance of mitigating this pain through offering cheap escapism.
Combine this storyline with Disney’s ownership of popular entertainment franchises such as Star Wars and you have an enticing bullish argument for DIS stock. Thus, it’s one of the names to keep on your radar as we navigate these trying circumstances.
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Walt Disney (DIS) Given New $143.00 Price Target at KeyCorp
By: MarketBeat | October 26, 2022
• Walt Disney (NYSE:DIS - Get Rating) had its target price dropped by research analysts at KeyCorp from $154.00 to $143.00 in a report issued on Wednesday, Stock Target Advisor reports. The brokerage presently has an "overweight" rating on the entertainment giant's stock. KeyCorp's target price suggests a potential upside of 37.03% from the stock's current price...
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again peeps gotta ignore the noise and trade, peeps missed nice opp for trade, fyi all companies on big board are woke now, so you are telling me you ain't gonna buy any of em? lmao
Walt Disney Co. (DIS) Rally to the 50D possible on this one if market holds up
By: Options Mike | October 23, 2022
• $DIS Rally to the 50D possible on this one if market holds up, held the 90 area (just missed it).
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Disney World Facing Surprise Lawsuit (a Lot Like Disneyland Suit)
By: TheStreet | October 20, 2022
• Theme-park giant Disney changed some policies during the pandemic, and it's going to have to defend those decisions in court.
Before the covid pandemic, Walt Disney's (DIS) annual-pass holders could visit Magic Kingdom, Epcot, Animal Kingdom, and Hollywood Studios on any day their particular pass offered access. Passes were sold in a variety of levels, some with blackout days, and some passes were offered only to Florida residents.
On days when your pass wasn't blacked out, you did not need to plan. You could visit Magic Kingdom in the morning, go home and then, on a whim, come to Epcot to have dinner or see the nighttime show.
It was a freedom that many Florida passholders took advantage of. If you lived nearby and had some free time, you could visit any of the four parks.
The pandemic changed that scenario because Disney had to constrain capacity. It did that by adding a reservation system that limited how many reservations any passholder could make at any given time.
Later, Disney revamped its pass levels, offering more reservations to customers with more expensive passes. But it has not returned to a "visit whenever you want" policy. (It's sometimes possible to get same-day reservations, but it's not guaranteed.)
Many passholders don't like the new policy -- few people enjoy when something they used to have gets taken away while the price also goes up.
Now, Disney faces a lawsuit filed by two Florida-resident passholders.
Disney Is Sued Over Disney World Policy
The lawsuit, filed Oct. 18 in U.S. District Court’s Orlando division, alleges that Disney has essentially prioritized selling as many single-day tickets as possible ahead of providing access to passholders. Florida Politics reported.
Annual-pass holders must make advance reservations, even if their passes have no blackout dates.
But the lawsuit, filed anonymously by an Orange County resident, “M.P.,” and a Palm Beach County resident, “E.K.,” says that on some days reservation slots are full for passholders while Disney continues to sell single-day tickets to welcome in other guests," the website reported.
Disney has separate pools of reservations/saved slots for passholders, people staying at its resorts, and people walking up to buy single-day tickets.
The company makes more incremental revenue selling a slot to someone buying a single-day ticket than it likely does from any in-park spending by a passholder who has already paid for their pass.
“Disney’s conduct is a predatory business practice, aimed at exploiting the customers who support it the most, its annual pass holders. Disney abused a global pandemic to take advantage of its own loyal customers and increase its revenue,” said the lawsuit.
Disney faces a similar lawsuit at Disneyland.
Disney Responds to the Suit
Disney issued a response to the lawsuit, BlogMickey.com reported.
Annual-pass holders "continue to be some of our biggest fans and most loyal guests," the company shared.
"We’ve been upfront with Passholders about the updates we’ve made, and we offered them the flexibility to opt-in or opt-out of the program early in the pandemic, including refunds if they desired.
"This lawsuit mischaracterizes the program and its history, and we will respond further in court,”
Disney has dropped most of its pandemic-era rules but has kept the reservation system and slightly lower capacities at its U.S. theme parks.
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Walt Disney (DIS) Given New $134.00 Price Target at Rosenblatt Securities
By: MarketBeat | October 18, 2022
• Walt Disney (NYSE:DIS - Get Rating) had its price target decreased by equities researchers at Rosenblatt Securities from $140.00 to $134.00 in a research note issued on Tuesday, Stock Target Advisor reports. The firm currently has a "buy" rating on the entertainment giant's stock. Rosenblatt Securities' price objective would suggest a potential upside of 37.68% from the company's previous close...
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Disney park attendance over the last 10 years
By: Markets & Mayhem | October 19, 2022
• Disney park attendance over the last 10 years.
Disney park attendance over the last 10 years. 🐭 pic.twitter.com/Bu8SqTyiuX
— Markets & Mayhem (@Mayhem4Markets) October 19, 2022
Walt Disney Co. (DIS) Just missed 90 on Thursday, still can't sustain much of a bounce in this one
By: Options Mike | October 16, 2022
• $DIS Just missed 90 on Thursday, still can't sustain much of a bounce in this one.
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$94.30 -2.34 (-2.42%) ...HOW ***LOW*** WILL IT GO??????
Disney Ratio Spread Targets A Profit Zone Between 75 And 85
By: Barchart | October 12, 2022
A put ratio spread is an advanced option trade and generally not suitable for beginners, but it can have its place within an option portfolio.
It is generally considered a neutral strategy, although it has the ability to make a profit in up, down and sideways markets.
Yes, it can make money no matter which way the market goes, the key is the timing!
The strategy involves buying a number of put options and selling more put options further out-of-the-money.
The trade is placed when the trader thinks the underlying stock will be stable or slowly move lower and finish around the short put strike at expiry.
A fall in implied volatility will benefit the trade and it can also be profitable if the stock moves up early in the trade.
The big risk with the trade is a sharp move lower early in the trade.
Let’s look at an example using Disney (DIS).
Disney Ratio Spread Example
Buying the November 18 put with a strike price of 85 for around $2.60 and selling 2 of the November 18, 80-strike puts for around $1.55 would create a put ratio spread.
As we are selling 2 contracts at $1.55 the trade results in a net credit of $0.50 which is $50 premium.
This is the maximum gain above a stock price of 85. Basically, all the puts would expire worthless and the trader keeps the $50 premium.
A tent-shaped profit zone exists between 75 and 85 with the maximum gain occurring at 80 and is around $550.
This is what the trade looks like as of today:
You can see the main risk in the trade is a drop in price early on. The blue line is the profit and loss at expiration and the purple line is the T+0 line. T+0 just means “today”.
So, we don’t want the stock to get into the profit tent too early.
What about in four weeks’ time? How does the trade look then?
Looking a lot better between say 78 and 100.
One advantage of this trade type is it takes advantage of option skew. Notice the contract we are buying has lower volatility (51.06%) than the contract we are selling (54.21%). Buy low, sell high.
Company Details
Walt Disney Company has assets that span movies, television, publishing and theme parks. In October 2020, Disney reorganized its media and entertainment operations, which had been previously reported in three segments: Media Networks, Studio Entertainment and Direct-to-Consumer & International. From the first quarter of fiscal 2021, Disney began reporting the financial results of the media and entertainment businesses as one segment, Disney Media and Entertainment Distribution (DMED) across three significant lines of businesses: Linear Networks, Direct to- Consumer and Content Sales/Licensing.
The Barchart Technical Opinion rating is a 88% Sell with a Strongest short term outlook on maintaining the current direction.
Long term indicators fully support a continuation of the trend.
The market is approaching oversold territory. Be watchful of a trend reversal.
Summary
This strategy should move fairly slowly, unless there is a sharp drop in the stock price.
As the trade involves naked options, it is not recommended for beginners.
You can do this on other stocks as well, but remember to start small until you understand a bit more about how this all works.
Mitigating Risk
With any option trade, it’s important to have a plan in place on how you will manage the trade if it moves against you.
A stop loss of $200 might make sense in this scenario. If Disney is below 80 near expiry, there will be assignment risk
If you have questions on this strategy, please let me know.
Please remember that options are risky, and investors can lose 100% of their investment.
This article is for education purposes only and not a trade recommendation. Remember to always do your own due diligence and consult your financial advisor before making any investment decisions.
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Disney $DIS overhauled its film schedule, delaying the release dates for...
By: Stock Market News | October 11, 2022
• Disney $DIS overhauled its film schedule, delaying the release dates for “Blade,” “Deadpool 3,” “Fantastic Four” and other major Marvel properties. - Variety
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Weirdos in charge isn’t helpful shareholders need to demand new leadership ASAP
WOKE DISNEY $96.82 -3.22 (-3.22%) LOOKING HORRIBLE!!!!!!!!
Walt Disney (DIS) Price Target Cut to $145.00 by Analysts at JPMorgan Chase & Co.
By: MarketBeat | October 4, 2022
• Walt Disney (NYSE:DIS - Get Rating) had its target price reduced by equities researchers at JPMorgan Chase & Co. from $160.00 to $145.00 in a report released on Tuesday, The Fly reports. JPMorgan Chase & Co.'s target price points to a potential upside of 49.28% from the stock's previous close...
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"Disney Cancels New Release of “Little Demon” About a Woman Impregnated by Satan and Her Antichrist Daughter"
You can’t make this stuff up.
Just when you thought Disney had reached the bottom, the company announced it was airing FX’s show “Little Demon”, about a woman impregnated by Satan and her antichrist daughter.
On August 29th, Disney announced it would air a new ‘comedy’ about a woman impregnated by Satan and her Antichrist daughter. This show begin streaming on Disney+ in Australia and New Zealand with expectations of releasing in other markets soon.
In FX’s “Little Demon,” an animated comedy featuring the voices of Danny DeVito and Aubrey Plaza, it has been 13 years since being impregnated by Satan, and a reluctant mother, Laura, and her Antichrist daughter, Chrissy, attempt to live an ordinary life in Delaware. However, the two are constantly thwarted by monstrous forces, including Satan, who yearns for custody of his daughter’s soul.
Today it was reported that the show has been cancelled.
Disney+ has dropped its latest animated series which follows the life of a young teenage girl who learns she is a human-demon hybrid spawn of Satan.
Why would Disney even consider such a show?
.......
HOW MUCH MONEY DID WOKE DISNEY WASTE ON THIS BS??????
Disney $DIS just announced it will be reporting earnings after the markets close on Tuesday, November 8th
By: Stock Market News | October 4, 2022
• Disney $DIS just announced it will be reporting earnings after the markets close on Tuesday, November 8th.
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Painful lesson. Corporations need to stay out of politics and social warfare. Ouch.
Short the Kiddie Groomers to $ZERO
hint: it's not the stock being woke it's the market selling, but nah the posts ain't politics lol.
Should Disney's Stock Be On Your Shopping List?
By: Investing.com | September 28, 2022
• Walt Disney's shares are down 36% since the beginning of the year
• Investors fear consumers will cut entertainment spending if the economy falls into a prolonged recession
• Despite these dangers, it's hard to ignore the strength of Disney's global franchise and the cash-generation power of its legacy businesses
The world's largest entertainment company, Walt Disney (NYSE:DIS), has endured a severe beating amid this year's market downturn. Shares of the Burbank, California giant are down 36% over the past 12 months, underperforming the benchmark S&P 500 by a wide margin.
DIS Weekly Chart
There are mounting signs that Disney has been struggling with its video-streaming service, which has become the centerpiece of CEO Bob Chapek's growth strategy since its launch almost two years ago.
During its latest earnings report, Chief Financial Officer Christine McCarthy cut the growth forecast for Disney+, saying it now expects a total range of 215-245 million subscribers by September 2024, down from the company's earlier forecast of 230-260 million subscribers.
The company also raised the prices on its streaming offerings and outlined plans for a new ad-supported tier of Disney+.
Furthermore, the report made clear that most of Disney's current subscriber growth will come from international markets where the margins are already tight, especially with the U.S. dollar hovering at 20-year highs.
Disney lost $1.1 billion in its direct-to-consumer segment last quarter, widening from a loss of $293 million a year earlier. Since Disney+ launched in late 2019, the segment has lost more than $7 billion.
Diversified Business Model
Despite these challenges, it's hard to ignore the strength of Disney's global franchise and the cash-generation power of its legacy businesses. The Burbank, California-based company has an unmatched portfolio of assets that have endured many recessions and downturns—emerging stronger every time.
The latest evidence of this strength came during the pandemic when the company's theme parks, movie theaters, and resorts faced unprecedented challenges due to global lockdowns and stay-at-home orders. Now that the pandemic is behind us, Disney's cash machine is back on track, benefiting from strong pent-up demand.
Sales at the Parks, Experiences, and Products division, including Disneyland, Walt Disney World, and four resorts in Europe and Asia, reached $7.4 billion for the quarter ending on July 31, a record amount up 70% from a year earlier. The division posted profits of $2.2 billion for the quarter, up from $356 million a year ago.
DIS Revenue Growth
Source: InvestingPro
Disney's diversified business model and the strength of its franchise is perhaps the main reason that most Wall Street analysts rate the stock a buy. In an Investing.com poll, about 80% of analysts rate the Disney stock a buy.
DIS Consensus Estimates
Source: Investing.com
In a note earlier this month, Morgan Stanley's analysts said they see the entertainment giant's park segment driving the majority of free cash flow and earnings before interest, taxes, depreciation, and amortization. Also, they expect Disney's content assets are "under-earning and undervalued."
Bottom Line
Disney's stock, trading lower than before the pandemic, offers an attractive risk-reward proposition to long-term investors. Given the current uncertain economic environment, it's hard to predict how much lower it can go from here.
However, there is no doubt that Disney is a great company, and its stock will recover strongly once the market finds its bottom. For these reasons, Disney is a safe bet to buy in this bear market, in my opinion.
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Walt Disney (DIS) Readies for Hurricane Ian
By: Schaeffer's Investment Research | September 28, 2022
• Disney is shuttering its Florida attractions
• DIS is set to snap a six-day losing streak today
Walt Disney Co (NYSE:DIS) announced its shuttering its four Florida theme parks and related properties, as Hurricane Ian -- recently upgraded to a Category 4 storm -- threatens the Florida peninsula. A spokesperson for the company said that on Wednesday and Thursday, Animal Kingdom, Hollywood Studios, Epcot, and Magic Kingdom would be closed, while some of its hotels in the region will be closed through Friday.
While the cruise stock sector has suffered amid cancellations and delays wrought by Ian, Walt Disney stock was last seen up 1.2% to trade at $97.03 at last check. The shares are on track to snap a six-day losing streak, but remain down 37.7% in 2022.
Despite the steep deficit, options traders remain focused on calls. This is per DIS' 10-day call/put volume ratio of 2.07 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which indicates calls have outpaced puts by a more than 2-to-1 ratio in the last two weeks.
Options traders are pricing in relatively low volatility expectations, as evidenced by Disney stock's Schaeffer's volatility index (SVI) of 43%, which ranks in the relatively low 33rd percentile of its annual range. In other words, options premiums are low right now, and the equity tends to outperform said volatility expectations, per its Schaeffer's Volatility Scorecard (SVS) ranking of 95 out of 100.
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I remember 40 when I was a tech at magic kingdom in 2010 $DIS
WOKE DISNEY $98.20 -1.30 (-1.3%) ..... GOING LOWER!!!!!! NOBODY WANTS WHAT THESE PERVERTS ARE SELLING!!!!!!!
I worked there it’s cool man I learned a lot
Disneyland Adding a Major Disney World Innovation
By: TheStreet | September 20, 2022
• Disneyland Resort is launching a new feature that its theme park visitors will like.
A trip to a Disney World theme park has become a more complicated effort since the covid pandemic hit in 2020. The preliminary requirements to get you into a park and onto a ride can be time-consuming and could lead to long waits in lines and reduce the amount of time you have to visit all the attractions in your plans.
First, you need to buy a ticket and secure a reservation for the day that you plan to visit a particular park or parks. You then need to stand in line and use the My Disney Experience app on your smartphone (or print out your tickets) to enter the park. Next, it's off to stand in long lines at various rides and attractions to get your Disney (DIS) thrill, unless you've purchased a Lightning Lane pass to bypass the long lines.
Most people will use the Disney app on their smartphone to store their ticket and Lightning Lane pass information and will keep pulling it out to scan for necessary uses throughout the day. Better make sure your phone is charged and you know where the scarce charging stations are located at the parks you visit.
Disney World Improves Popular Device
Disney World had an answer to try to make things easier for its guests, offering the original MagicBand since 2013. The MagicBand allows guests to unlock their Disney World resort hotel room, enter Disney theme parks with purchased tickets, access Lightning Lane reservations and charge purchases and dining to their resort hotel bill.
Disney had provided complimentary MagicBands to resort hotel guests and passholders, but it now only offers discounts.
Disney believes it has improved the device with the launch of MagicBand+ at Disney World on July 27. Guests can enter the park with a tap of the MagicBand+, connect with their Disney PhotoPass, enjoy new color-changing lights, haptic vibrations and gesture recognition, and link to their smartphone with the My Disney Experience app.
The Disneyland Resort in California, however, has not yet offered the MagicBand experience for its guests, which some Florida Disney visitors have used for almost 10 years.
Disneyland Introduces MagicBand+ to Guests
This fall will mark the introduction of the MagicBand device to the Disneyland Resort, which includes Disneyland, California Adventure and the resort's hotels, for the first time with MagicBand+. Disney has not set a specific date for the launch of MagicBand+ at the Disneyland Resort.
The Disneyland Resort's MagicBand+ will include many of the same features of the Disney World MagicBand+, except users can link the device to their smartphone through the Disneyland app for tickets, Lightning Lane and all of the other features on the app.
The MagicBand+ is waterproof, rechargeable and will be in sync with Disneyland Resort's nighttime spectaculars. It will also be useful in the Star Wars: Batuu Bounty Hunters interactive quest in Galaxy's Edge at Disneyland. Players can participate through the Play Disney Parks app to earn galactic credit rewards.
Disney says that the fall launch of MagicBand+ at the Disneyland Resort is just the beginning, and it will be adding more features and experiences in the near future.
Disneyland Resort did not list a retail price for the MagicBand+, but you can expect the price to match Disney World's retail price of the device at $34.99.
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started tapering buys on this and other actives on big board yesterday, trade em.
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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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