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Walt Disney Co. (DIS) Long term it's fine but 52W lows back in play now
By: Options Mike | May 14, 2023
• $DIS this is not going to be a short term turn around story. Streaming struggling. That is their growth.. Not good.
Long term it's fine but 52W lows back in play now.
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ANYONE WHO SUPPORTS DISNEY OBVIOUSLY IS IN LINE WITH THEIR VALUES.... AND WE ALL KNOW WHAT THOSE ARE!!!!!!!!!!!
DISNEY SHOULD FACE CRIMINAL CHARGES FOR WHAT THEY ARE DOING!!!!!!!
CONSUMERS HAVE SPOKEN..... BOYCOTT DISNEY!!!!!!!!
EXPECT THIS ROTTEN STOCK TO FALL FURTHER!!!!!!!!!!
Walt Disney stock downgraded at Wolfe after Q1 earnings
By: Investing.com | May 12, 2023
Walt Disney (NYSE:DIS) stock suffered a downgrade at Wolfe Research on Friday as analysts moved to Peer Perform from Outperform.
Analysts noted that the DTC subscriber and linear TV outlooks keep deteriorating, while some positives (e.g. the Parks growth, cost cuts, and DTC ARPU growth) are already in consensus.
“In F'24E, we expect less advertising & affiliate revenue (-$500M) and less DTC w/ ~80% related to lower Disney+ subs). We see scope for additional cost cuts (integration of Hulu into Disney+, int'l DTC shutdowns, ESPN int'l sports rights & SG&A cuts), but high incr. margin DTC revenue growth is essential to DIS's multiple and we are increasingly skeptical,” analysts said in a client note.
They cut the 2024 operating income forecast by 5% due to a slower and more gradual path to DTC profitability.
“After yesterday's 8.7% tumble and with strong Parks and cost reduction trajectories, we expect valuation support. Today's late cycle consumer environment and deteriorating DTC and linear revenue growth leave us more concerned about forecasting risk and time decay,” analysts concluded.
Disney shares fell yesterday after the company missed analyst targets for Disney+ Q1 subscribers.
Shares are up 0.2% in pre-market Friday.
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Bottom Line DISNEY PAIN just beginning
As majority of people are starting to boycott companies who operate in this WOKE fashion
companies bottom line feeling the consequences
They keep it up, maybe DisneyWorld ceases to exist
And the MOOSE takes over ie WALLYWORLD
DIS $92.36 -8.78 (-8.68%) WHAT A JOKE!!!!!!!!!
LMAO!!!!!!!!
LOT MORE PAIN TO COME BREAKING UNDER 50 MA
Shareholders need to be motivated to OUST all current management
who is responsible for this
And a complete tear down and start over, is the only hope now going forward
Company could be in the 80s soon enough!! Let that be a lesson
Subscribers leaving in droves
Put Traders Blast Walt Disney (DIS) Stock After Earnings
By: Schaeffer's Investment Research | May 11, 2023
• Disney reported fiscal second-quarter earnings and revenue last night
• The company reported a decline in streaming subscribers
Put traders are targeting Walt Disney Co (NYSE:DIS) stock after earnings, with 129,000 bearish bets traded already today, which amounts to 10 times the intraday average amount. The most popular contract is the weekly 5/12 93-strike put, followed by the 92-strike put in the same series, with new positions opening at both.
Walt Disney stepped into the earnings confessional after last night's close, reporting fiscal second-quarter earnings that matched Wall Street's estimates. The entertainment giant's revenue, meanwhile, came in slightly higher than forecasts. The company's streaming subscribers declined, and though business improved the shares were last seen 8.2% lower at $92.83.
Amid an ongoing legal battle with Florida Governor Ron DeSantis, no less than three analysts slashed their price targets on DIS. Specifically, Guggenheim, J.P. Morgan Securities, and Rosenblatt lowered their respective price objectives to $125, $125, and $117. The 12-month consensus target price of $123.93 is a 33.2% premium to current levels, which implies more price-target cuts could be overdue.
On the charts, Walt Disney stock is now trading at its lowest level since mid March, and just moved back below its 50-day moving average. Year-to-date, DIS sports a 7% lead.
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How Disney $DIS makes its money
By: Savvy Trader | May 11, 2023
• How Disney $DIS makes its money.
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Added more at $92.25 this morning. GLTA
PS: DIS shares price Quadruple Bottom Breakdown this morn 11-May-2023! Looks like a good time to buy or add more on shares. We shall see.
I have a day order to buy DIS at $96.
PS: Will add more should it go lower than 96
DIS $96.49 -5.69 (-5.57%) .... NOBODY WANTS TO WATCH WOKE CONTENT... WHEN WILL DISNEY WAKE UP TO REALITY???????
THEY ARE BANKRUPTING THEIR OWN COMPANY TRYING TO PEDDLE THIS CRAP!!!!!!
LMAO!!!!!!!!!!!
Walt Disney $DIS falling in extended hours after missing on EPS consensus and reporting that paid subscribers are down 2% year-over-year
By: Barchart | May 10, 2023
• Walt Disney $DIS falling in extended hours after missing on EPS consensus and reporting that paid subscribers are down 2% year-over-year.
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Disney cuts streaming losses, resurgent parks boost results
By: Investing.com | May 10, 2023
LOS ANGELES (Reuters) - Walt Disney (NYSE:DIS) Co reduced losses in its streaming media unit by more than $400 million from the prior quarter, the company said on Wednesday as it reported earnings in line with Wall Street expectations.
Shares of Disney fell 2.6% to $98.45 in after-hours trading.
A price increase and reduced marketing expenses helped improve the performance of the streaming unit, which ended the January-through-March quarter with an operating loss of $659 million. In the prior quarter, the division lost $1.1 billion.
Overall, diluted earnings per share came in at 93 cents, meeting the consensus forecast of analysts polled by Refinitiv. Revenue hit $21.82 billion, slightly above analyst projections of $21.79 billion.
(Graphic: Disney's streaming losses shrink with Iger's return - https://www.reuters.com/graphics/DISNEY-RESULTS/lbvggdgkzvq/chart.png)
The company's theme parks kept humming with visitors, with growth at its Shanghai Disney Resort, Disneyland Paris and Hong Kong Disneyland Resort helping lift operating income at the unit by 23% from a year earlier to $2.2 billion.
"We’re pleased with our accomplishments this quarter, including the improved financial performance of our streaming business, which reflect the strategic changes we’ve been making throughout the company to realign Disney for sustained growth and success," Chief Executive Bob Iger said in a statement.
Total subscribers to the flagship Disney+ service dropped by 4 million from the previous quarter to 157.8 million.
Most of the defections came from the Disney+ Hotstar offering in India after it lost streaming rights to Indian Premier League cricket matches. Disney also shed 300,000 customers in the United States and Canada, where it raised prices last December.
(Graphic: Disney+ posts second straight quarter of subscriber loss - https://www.reuters.com/graphics/DISNEY-RESULTS/zgpobkzqxvd/chart.png)
Chief Financial Officer Christine McCarthy had warned in February that the company expected "modestly higher" cancellations because of the price increase.
Wall Street has been pressuring media companies to make profits from the billions of dollars they have poured into streaming in recent years to compete with Netflix Inc (NASDAQ:NFLX).
Iger, who came out of retirement in November to tackle the company's challenges, announced a revamp in February that included a promise of eliminating $5.5 billion in costs, partly through 7,000 job cuts.
As Disney tries to build streaming, its traditional television business faces hurdles. Operating income at linear networks dropped 35% from a year earlier to $1.8 billion, partly from higher sports programming and production costs related to the College Football Playoffs and the NFL at ESPN, and lower advertising revenue at ABC and at its owned television stations.
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Walt Disney (DIS) Earnings missed by $0.02, revenue topped estimates
By: Investing.com | May 10, 2023
Walt Disney (NYSE: DIS) reported second quarter EPS of $0.93, $0.02 worse than the analyst estimate of $0.95. Revenue for the quarter came in at $21.82B versus the consensus estimate of $21.8B.
Walt Disney's stock price closed at $101.14. It is down -6.40% in the last 3 months and down -3.87% in the last 12 months.
Walt Disney saw 0 positive EPS revisions and 19 negative EPS revisions in the last 90 days. See Walt Disney's stock price’s past reactions to earnings here.
According to InvestingPro, Walt Disney's Financial Health score is "fair performance".
Check out Walt Disney's recent earnings performance, and Walt Disney's financials here.
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Walt Disney Earnings Preview: Magic Could Be Fading
By: Investing.com | May 10, 2023
• Walt Disney Company is set to announce earnings today after the market closes
• According to InvestingPro, the company's recent financial history shows increasing revenues but shrinking profits
• Current valuations are high, and investors looking to buy at current levels should exercise caution
Walt Disney Company (NYSE:DIS) will release its quarterly earnings report today, with an expected EPS of 0.9465 and revenue of $21.8 billion. This is one of the most highly anticipated earnings on wall street this week.
The global entertainment company operates through two major segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences, and Products (DPEP). DMED is responsible for producing and distributing film and episodic television content on a global scale. It includes Linear Networks, Direct to Consumer, and Content Sales/Licensing.
DPEP engages in selling theme park admission tickets, food, beverages, and merchandise at its theme parks and resorts, offering cruise vacations, renting vacation club properties, earning royalties from licensing its intellectual property (IP) for consumer goods, and selling branded merchandise.
The content sales/licensing business sells movie and episodic television content in the subscription video-on-demand (TV/SVOD) and home entertainment markets.
With our InvestingPro tool, we will take deep dive into Disney's financials to better understand where we stand right now. Readers can do the same for virtually every company in the market just by using the following link.
Financial History at a Glance
Let's begin by analyzing the historical financial statements, using InvestingPro tools, to extract several valuable insights.
The company has witnessed an increasing revenue trend over time. However, profits have suffered, particularly from the pandemic period onwards, primarily due to the significant impact on theme parks.
DIS Revenue Trend
Source: InvestingPro
DIS Gross Profit Margins
Source: InvestingPro
Margins are also down since the pandemic and post-pandemic period (last three years) from 45% to just above 30%, signaling that the company has been unable to adapt to the changed economic scenario despite implementing changes.
DIS Net Income to Company
Source: InvestingPro
Over the past ten years, the annual growth rate of diluted earnings per share (EPSd) has been a negative 7%. This downward trend in EPSd growth has continued for the past four years, following a consistent period of steady growth.
So the question remains: Can the company return to growth at an attractive pace, or has something changed at the market level, setting off alarm bells?
DIS Diluted EPS Trend
Source: InvestingPro
Balance Sheet and Cash Flows
Between cash and short-term investments, the Walt Disney Company has over $11 billion, for around $29 billion in current assets. This results in a less-than-stellar short-term balance sheet compared to current liabilities (around $29 billion).
The debt-to-equity ratio is under control (0.44), which allows for a good balance on the equity side. On the cash flow side, operating cash flow and free cash flow show a declining trend over the last four years, in line with diluted EPS.
DIS Levered Free Cash Flow Trend
Source: InvestingPro
With an FCF of about $1 billion (the latest available), the return from FCF is about 0%, which is poor. On average, a good level of profitability is between 8-10%, so the company needs to improve on this metric.
Ratings
Regarding valuations, the stock is currently trading at a discount to its fair value of around $122.81 per share (based on the average of 12 different mathematical models, according to InvestingPro).
The deteriorating fundamentals are, in my view, a warning sign that needs to be carefully evaluated in the coming years, even if we take into account analysts' estimates, which probably see a target of around $128.
DIS Fair Value
Source: InvestingPro
Since the beginning of the bear market in 2021, the share price has fallen by about 45%. This is on par with many other growth stocks and shows that the market is picking up on the deterioration in fundamentals.
DIS Daily Chart
Given the upcoming quarterly report and the potential for future turnarounds, I believe the current valuations pose a significant level of risk for investors.
I would caution against purchasing at these levels unless one has a very short-term investment horizon.
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Morningstar valued DIS at $155 in article out over this past weekend.
Walt Disney shares 'compelling', claims Morgan Stanley
By: Investing.com | May 8, 2023
Morgan Stanley analysts raised the firm's price target for Walt Disney (NYSE:DIS) to $120 from $115 per share, reiterating an Overweight rating in a report Monday.
In the report, the analysts assessed the opportunities and challenges ahead as Disney executes a more balanced content monetization strategy, implements cost initiatives, and navigates macro uncertainty.
"We see shares as compelling here thanks to 1) strong adjusted EPS growth ahead (+20% F22-F26E CAGR), 2) a 25%+ ROIC Parks business that generates compelling growth through cycles, that we expect to represent the majority of its segment EBIT for years to come, and 3) a Media business that we believe is under-earning and under-valued," they wrote.
Morgan Stanley's adjusted EPS estimate for DIS was raised by 3-5% in FY24/25 as they "layer in non-content cost savings of $2.5bn through FY24 and bend the content cost curve modestly in FY24-FY26, partially offset by lower DTC revenue expectations."
The analysts stated that there are likely additional cost opportunities to explore in the years ahead beyond the $5.5 billion.
"These cost savings create some cushion to what is likely a still challenging advertising market near-term for both linear and streaming," they added.
The analysts also said there are lower expectations for Disney Plus, but near-term growth is likely to be challenging.
"As recently as last summer, consensus expectations had Disney Plus (core) F24 net adds of 25mm, ending that year with 160mm global subscribers. In 2023, Disney shares have absorbed the most dramatic negative revision to Disney Plus expectations since the service launched," they concluded.
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Today Disney (Walt) Company (DIS) is the best performer in the DJIA
By: Thom Hartle | May 8, 2023
• Today (8:35 CST), the best performer in the $DJIA is Disney (Walt) Company.
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PERVERTED CARTOONS FOR KIDS ISN'T A GOOD BUSINESS MODEL!!!!!!!!
DISNEY IS ONE SICK COMPANY!!!!!!!
Walt Disney (DIS) Scheduled to Post Earnings on Wednesday
By: MarketBeat | May 4, 2023
• Walt Disney (NYSE:DIS) is set to release its earnings data after the market closes on Wednesday, May 10th. Analysts expect Walt Disney to post earnings of $0.95 per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link...
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Will the Force Be with Walt Disney (DIS) Stock After Earnings?
By: Schaeffer's Investment Research | May 4, 2023
• The entertainment giant reports second-quarter results on Wednesday, May 10
• Now could be the time to snag DIS on the dip
May the force be with Walt Disney Co (NYSE:DIS) ahead of its second-quarter financial report, due out after the close on Wednesday, May 10. Last seen down 3.3% at $97.54, now could be an solid opportunity to buy entertainment giant's dip, as members of the Writers Guild of America (WGA) strike to obtain pay raises from Hollywood studios.
The $96 level has provided support for the shares since late March, and year-to-date DIS boasts a 12% lead. What's more, the security yesterday hit is highest level since March 6.
Walt Disney stock has had a rough go in terms of post-earnings reactions lately. Shares finished five of the last eight next-day sessions lower, and averaged a move of 4.2% over the past two years, regardless of direction. This time the options pits are pricing in a much bigger-than-usual swing of 7.3%.
The brokerage bunch remains overwhelmingly optimistic, with 19 of 22 analysts in question calling the equity a "buy" or better. Echoing this, the 12-month consensus target price of $125.75 is a 29.2% premium to Walt Disney stock's current levels.
A sentiment shift in the options pits could generate tailwinds for DIS. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the equity's 10-day put/call volume ratio sits higher than 87% of readings from the past year.
Options look like a solid route to weigh in on the stock's next move. This is per DIS' Schaeffer's Volatility Index (SVI) of 40%, which ranks in the low 23rd percentile of its annual range.
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Wow! Your doing a bang up job Disney. So whats the bottom here? One thing for sure is anything under 100 is a buy in my opinion.
lol Why would you call him a Fascist ?
Hahaha! Taxpayers in Florida under fascist DeSantis forced to hoof the legal bills now that the Mouse is suing for nasty ronnys government overreach & weaponization!
The Mouse always wins!
Winning!
Go Mouse!
Heeeeeeeeeeeeeeeee-larious!
lol that's not how it works
Got to keep your job if your an analyst. So, you'll write anything even Disney!
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.
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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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