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Trouble at Disney Will Not Go Away
By: 24/7 Wall St. | July 11, 2022
Despite the best efforts of Walt Disney Co. (NYSE: DIS) management and board, the company’s poor image on Wall Street will not go away. Its stock, down 45% in the past year, refuses to post even the weakest rally. Its shares are also down over the past month.
Disney’s board made the unexpected move of giving a three-year contract extension to CEO Bob Chapek.
Disney’s problems can be divided into three pieces. One is that earnings fell in the most recent quarter, down 48% to $0.26 per share. The second is that the company’s advertising revenue likely will be hit by a recession.
The third problem is the worry that the streaming media business in America is saturated. Certainly, the most recent numbers from Netflix show that. While Disney has 205 million subscribers, the figure grew very slowly in the most recent quarter.
There continues to be the nagging issue that Chapek is not as talented a chief executive as his predecessor, Bob Iger, who ran Disney from 2005 until 2020. Iger was one of the great entertainment CEOs of the 21st century. As Disney navigates a tough period, he would come in handy.
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$DIS no change, 21D still resistance
By: Options Mike | July 9, 2022
• $DIS no change, 21D still resistance.
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Walt Disney (DIS) Given New $145.00 Price Target at Citigroup
By: MarketBeat | July 7, 2022
• Walt Disney (NYSE:DIS - Get Rating) had its price target decreased by stock analysts at Citigroup from $165.00 to $145.00 in a research note issued on Thursday, The Fly reports. Citigroup's target price points to a potential upside of 50.92% from the stock's current price...
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Disney says Disneyland's Facebook, Instagram accounts hacked
By: Reuters | July 7, 2022
Disneyland Resort's Facebook (NASDAQ:META) and Instagram accounts were hacked earlier on Thursday with a series of inappropriate posts that were subsequently taken down, Walt Disney (NYSE:DIS) Co said.
"We worked quickly to remove the reprehensible content, secure our accounts, and our security teams are conducting an investigation," the entertainment giant said in a statement.
Screenshots of the Instagram posts, which were posted online, contained profane and racist posts made by a person claiming to be a "super hacker here to bring revenge upon Disney land."
Disneyland has about 8.4 million followers on Instagram.
Facebook and Instagram's parent company Meta Platforms Inc did not immediately respond to a Reuters request for comment.
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Fully agree with you there. I used to love to go to Disneyland, but, won't go near the place anymore. Not even if grandkids ask me to take them. My signature here is my reminder of why I don't contribute to certain things.
It's to the point you can't allow little kids to watch cartoons anymore before screening them first.
I won't spend a dime that might end up in one of their companies.
Message in reply to:
By extending the current CEO’s contract Disney’s board effectively told most of its long term shareholders to F off! Sad day for those that grew up with the brand. But it just another woke corp that lost its luster and will face the music soon when the looming economic slow down squeezes its profits to sticks and stems. Pandering to 4 % of the pop while excluding 50% is something even Jeff Bezos wouldn’t do…
...
By extending the current CEO’s contract Disney’s board effectively told most of its long term shareholders to F off! Sad day for those that grew up with the brand. But it just another woke corp that lost its luster and will face the music soon when the looming economic slow down squeezes its profits to sticks and stems. Pandering to 4 % of the pop while excluding 50% is something even Jeff Bezos wouldn’t do…
Investors in Disney have watched a huge portion of the company’s value be destroyed
By: 24/7 Wall St. | July 4, 2022
Long-time shareholders of The Walt Disney Company are enraged. Its shares are down 45% over the last year, and much more from when they peaked last November. Disney has lost over $150 billion of its market cap since then.
Disney was the envy of the multimedia industry for years. Under former CEO Bob Iger, it bested the results of other industry giants from Time Warner, to Fox, to Paramount, to CBS. Its studios put out a string of wildly successful films from franchises which included Pixar, Star Wars, and Marvel.
However, Disney’s theme parks were almost decimated by the COVID-19 pandemic. It had to shutter these parks and lay off tens of thousands of people. Over the last several months traffic to these parks has moved up to near pre-pandemic levels but may level off.
Disney’s most recently reported quarter was mediocre, given that it was rebounding from the COVID-19 pandemic. Revenue rose 23% to $19.2 billion. Net income fell 48% to $470 million. Bob Chapek, the company’s CEO commented: “Our strong results in the second quarter, including fantastic performance at our domestic parks and continued growth of our streaming services—with 7.9 million Disney+ subscribers added in the quarter and total subscriptions across all our DTC offerings exceeding 205 million—once again proved that we are in a league of our own.”
What Chapek did not say is that the growth of Disney+ slowed considerably. In a crowded field dominated by Netflix and Amazon Prime, the sharp increase in Disney+ subscribers, until recently, is probably over. Disney has bet its future on the digital world, and that is not paying off.
Michael Morris, and analysts at Wall St.’s Guggenheim, recently downgraded Disney shares. He expressed concern that traffic to Disney theme parks will not improve much. He also worries about the billions of dollars the company must spend to maintain the growth of Disney+.
Investors in Disney have watched a huge portion of the company’s value be destroyed. If Morris is right, that is not over.
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Get Woke, Go Broke: Fresh Off “Lightyear” Trainwreck, Disney-Owned Marvel Announces Creation of New “Gay Spider-Man” With a “Fearlessly Femme Identity”
This week, Disney-owned Marvel Comics announced that it will introduce new a variant character into the “Spidey-Verse” – a “gay Spider-Man” with a “fearlessly femme” identity.
According to one of the writers of the Spider-Man comics, Steve Foxe, who announced the new character in a tweet this week, this Spidey variant will be featured in a completely redesigned outfit and will be called “Web Weaver” when he makes his comic book debut in September.
From Foxe:
“Something I realized immediately when conceiving Web-Weaver is that he can’t — and shouldn’t — represent ALL gay men. No single character can.”
“His fearlessly femme identity is central to who he is, but it’s not the STORY— which you can experience for yourself in September!”
Foxe also included sketches of what the new character will look like. But, shortly after posting, he made the tweets private and only accessible to his followers.
As usual, Twitter users kept the receipts.
Look:
The new Spidey is scheduled to make his first appearance in the upcoming “Edge of the Spider-Verse #5” which is set to come out in September.
In promotional materials for his debut, Web Weaver is billed as a “very different kind of Spider-Slayer,” who has a “not-so-mild” temperament while working as “a fashion designer” at the fictional company Van Dyne. Similar to the original Peter Parker, Web Weaver will gain spider powers and the comic will catalog his story.
If you’re wondering how in the heck they can create an alternate Spider-Man, the “spider-verse” is part of marvel’s fictional “multiverse,” in which multiple dimensions house the same individuals – with different traits – while existing simultaneously. Therefore, they can make endless variations of Spider-Man, he just exists within another dimension.
In other words, get ready for a bisexual Captain America, a transsexual Thor, a gender-neutral Hulk, etc., as Disney continues to double and triple down on the radical LGBTQ indoctrination of children.
The announcement of a “gay Spider-Man” drew intense criticism online, with critics blasting Disney and Marvel for yet another shameless change to a beloved and established character, especially in the wake of the Buzz Lightyear disaster earlier this month, in which the blockbuster movie failed to go “to infinity and beyond” thanks in no small part to the LGBTQ agenda being laced throughout the children’s movie.
Parents have been truly waking up to what Disney is doing over the past few months, and their business is paying the price. Nevertheless, the company continues to push ahead on the same path, as evidenced by the new Spider-Man.
Somewhat surprisingly, criticism was abundant even from the radical left, with proponents claiming that the way in which Marvel chose to diversify its superhero cast is “tone-deaf” and “stereotypical.” One Twitter user, who is admittedly “all for diversity and representation,” was left scratching his head asking simply: “WTF is this?”
In short, very few – if any – are thrilled about the direction Disney is going when it comes to its content, but it seems to barely matter to the multi-billion dollar media giant.
If one woke project flops, they are just on to the next one.
Get woke, go broke, double down. Wash, rinse, repeat.
They'll continue to go in the current direction in order to keep their ESG score high. I suspect this is why we see things like insurance companies promoting/funding things like gay story time books.
The answer is for all of us to lobby our local leaders to forbid companies using ESG to operate in the state. ESG will also stifle investment in traditional energy solutions. We need to get rid of it before it gets too deeply entrenched.
As long as ESG is being used companies such as Disney will continue pandering to the Woke.
Message in reply to:
DIS had better get their act together and stop their Woke agenda in their films. Parents are not going to continue to buy tickets for blatant movies pushing the LGBTQ agenda.
Will DIS decide to develop their traditional family fare for the net income potential OR continue to make movies making a distinct minority of POTENTIAL ticket buyers happy.
https://finance.yahoo.com/news/box-office-minions-set-to-impress-despite-lightyear-flop-maverick-flys-high-215523387.html
..
DIS had better get their act together and stop their Woke agenda in their films. Parents are not going to continue to buy tickets for blatant movies pushing the LGBTQ agenda.
Will DIS decide to develop their traditional family fare for the net income potential OR continue to make movies making a distinct minority of POTENTIAL ticket buyers happy.
https://finance.yahoo.com/news/box-office-minions-set-to-impress-despite-lightyear-flop-maverick-flys-high-215523387.html
Walt Disney (DIS) PT Lowered to $125.00 at Morgan Stanley
By: MarketBeat | June 30, 2022
• Walt Disney (NYSE:DIS - Get Rating) had its price target cut by research analysts at Morgan Stanley from $170.00 to $125.00 in a research report issued to clients and investors on Thursday, The Fly reports. Morgan Stanley's price target suggests a potential upside of 30.68% from the company's previous close...
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Give it 30 days, DIS SP will be <$30/share. Nothing they own is making any money.
Walt Disney Television Studios
ABC Entertainment.
ABC NEWS.
20th Century Fox Television.
Hulu Scripted Originals.
FX Networks.
Disney Channels Worldwide (Disney Channel, Disney XD, and more)
National Geographic Global Networks (73% in the US).
Disney has gone way overboard.
Those that are able to home school are doing so. And the ones I've talked to won't even allow the kids to watch cartoons made in recent years. It's too time consuming to screen everything in advance.
Best documentary of the year is "What is a Woman?" by Matt Walsh. It's a must see documentary.
OFFICIAL TRAILER: "WHAT IS A WOMAN?"
https://www.youtube.com/watch?v=42ivIRd9N8E
DIS version OF Cornhole is MUCH MUCH DIFFERENT!
Wow….Walt is turning in his grave
Disney gives the Go Ahead for 3 more years of Kiddie Grooming and Sinister Pervert things, Bravo Disney, twisted
With Stock Down 45%, Disney Gives CEO New Contract
By: 24/7 Wall St. | June 29, 2022
Chief executive officers at America’s big companies often get obscene pay packages paying them tens, if not hundreds, of millions of dollars a year. Shareholders often vote against these, but boards rarely pay attention. If 2021 did not set a record for CEO pay, it came close.
However, the latest deal for Disney CEO Bob Chapek takes obscene to an entirely new level. Disney’s shares are off 45% in the past year. The renewal is for three years. Susan Arnold, Disney’s board chair, commented “Disney was dealt a tough hand by the pandemic, yet with Bob at the helm, our businesses — from parks to streaming — not only weathered the storm, but emerged in a position of strength.” In fact, the comment is incorrect.
Disney’s failure goes beyond Chapek’s mishandling of a battle in Florida over a bill that would undercut the rights of schools to teach about gender identity. Chapek sat on the sidelines until his own employees protested.
The growth of online streaming system Disney+ has slowed. It will be blocked by stiff competition from Netflix, Amazon and other streamers. This is not a reason to punish Chapek, but he has not offered a strong strategy to help Disney increase subscribers substantially.
For years, Disney has been among the most admired companies in America. Chapek has killed that and had his contract renewed at the same time.
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$DIS 1.22 million share #darkpool print at $95.92
By: Money Flow Mel | June 28, 2022
• $DIS 1.22 million share #darkpool print at $95.92.
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DIS...Then buy all you can at this level LOL. The american FAMILY structure essentially told Disney to FK off. This company is toast. Going to be fun to watch this pro-gay and pro-abortion perverse trash crash and burn.
Clarence Thomas signals interest in making it easier to sue media
https://thehill.com/regulation/court-battles/3538084-clarence-thomas-signals-interest-in-making-it-easier-to-sue-media/ $DIS
"INFANT FORMULA" HAS A DIFFERENT MEANING AT DIS!!!!!!
DIS
Great point. If DIS pays expenses for an employee to kill her baby. DIS saves money. You have another follower!
imo...cullinary cuisine offerings will have to be rethought at Disney cruises...jmho.
That's because travel expenses are way cheaper than paid maternity leave. I wonder if those companies will be liable if something happens medically or in transit? Hope so!
BAAL WORHSIPPING LUCIFERIANS AT DIS ARE TRIGGERED OVER THEIR SANDWICH MEAT SUPPLY BEING CUT OFF!!!!!!
Disney, Netflix, Paramount, Comcast, Warner Bros. Discovery, Sony, Meta and several major media and entertainment companies said they will cover travel costs for employees seeking abortions after the Supreme Court overturned Roe v. Wade.
What do you mean free transportation?
DIS
iDisney is PISSED that the Supreme Court has made killing of your child a states issue ending Federal abortions. Dis is thinking about free transportation to those states for Disney’s employees. I thought kids were important to Disney! Aren’t you glad your Mom didn’t kill you?
Child-grooming Backlash — Disney Stock Collapsed Nearly 50% in Year
One year ago, a share of Walt Disney Co. stock was worth nearly $180.00. Today, it’s worth — laughably — just $93.
As Red State, who first reported on this, points out: “Disney stock has plummeted nearly 50 percent as their political-infused productions continue to turn away audiences and garner angry fan reactions.”
I’ll get to that in a moment, but let’s not forget Disney’s decision to come out in favor of grooming prepubescent children grooming with gay porn in schools. As I wrote in March, that was the brand game-changer of all brand game-changers. What Disney has done is like Skippy putting dog poop in its peanut butter, like tofu putting meat in its tofu, like Charmin putting sandpaper in its toilet paper….
By openly embracing child grooming, Disney has imploded everything the Disney brand stands for. This company is no longer a safe bet. Instead, it has betrayed itself and its customer base: normal, everyday, American families—you know, the 99 percent of families who would never expose a small child to a drag queen.
Allow me to put it this way… When Disney can’t open the latest chapter of its most iconic animated franchise — Toy Story — it’s all over. Disney’s woketardery has already destroyed Star Wars as a film franchise, and the Marvel Cinematic Universe has been hit (Dr. Strange 2) and miss (The Eternals).
Disney is now toxic, is now harmful to your children, a danger to your kids, a grooming outfit backed by billions of dollars looking to twist your child into a psychologically-damaged sexual being it can exploit and abuse.
And now Disney is worth about half of what it was worth a year ago.
DIS more downgrades. Toxic trash. Crashing hard since they hit the Go Woke button. Garbage. DeSantis was right, the magic is gone. $20 share price coming.
More red for the Pervert Kid Groomers
Watching the woke get what they asked for … fun times
10000000% Agree
Cathie Wood's ARK Invest Sells 76,387 Shares of Walt Disney Co. (DIS)
By: Ark Invest Daily | June 21, 2022
• Cathie Wood & Ark Invest's trade activity from today 6/21.
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Tragic Kingdom down on a Big Green Bounce, Kiddie Groomers ain't Cool Chapick
NOBODY IS INTERESTED IN DISNEY'S WOKE CONTENT!!!!!
LIGHTYEAR BOMBED GLOBALLY, DISNEY LOST HUNDREDS OF MILLIONS OF DOLLARS ON IT!!!!!!!
SHORT THIS CRAP INTO OBLIVION!!!!!
DIS IS A GREAT SHORT, WOKE COMPANIES ARE GOING BROKE!!!!!!
Walt Disney Weekly. #DIS weekly wedge showing positive divergence
By: ReciKnows | June 21, 2022
• $DIS Weekly. #DIS weekly wedge showing positive divergence. Needs to hold > 92, next support below 79/81.
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Walt Disney (DIS) Just can't find buyers. 95 a big level if not Pandemic lows @ 80
By: Options Mike | June 20, 2022
• $DIS Just can't find buyers. 95 a big level if not Pandemic lows @ 80
RSI has been over sold for weeks and no real bounce...
Avoiding for now.
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$DIS Has $52.02 Billion of Debt. Under its balance sheet
https://finance.yahoo.com/quote/DIS/key-statistics?p=DIS
I would Never Invest in Disney After LightYear
By: Martin Armstrong | June 19, 2022
QUESTION: Happy Father’s Day. My question is simple. As a father, would you take your children to see Disney’s Lightyear?
HH
ANSWER: Personally, no way. It is inappropriate for Disney to abandon the majority of people to try to indoctrinate children at such a young age. Disney’s Lightyear has been a major disaster. Besides being banned in many countries, their $70M-$85M projection for the opening of the film came in at $51M-$55M even behind Jurassic World Dominion which was $57.1M.
Disney has destroyed its image and its swing to promote political agendas to young children is disgusting. I grew up with a boy in the neighborhood who turned out to be gay. When we were under 10, we had no idea of such things and neither did he. He became gay after puberty.
I would not even take my children to Disney World now. I do not care what they are doing, but anything that is INTENDED to politically influence or alter their thinking at such a young age is no different than tyranny. Personally, I would not even invest in Disney as long as CEO Bob Chapek remains in power. It is NOT his decision to try to indoctrinate children and at that young age, it is criminal in my mind.
We need to be neutral and respectful. This should not be about indoctrinating children for a political agenda.
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Tuesday is gonna be rough for the Kid Groomer Company, legacy holders are watching years worth of money get BURNT!
Nobody cares, the damage is done for this Pervert Circus
Walt Disney May Make a Huge Move Many Consumers Want
By: TheStreet | June 17, 2022
• CEO Bob Chapek hinted that one day he may make sports fans' dreams come true.
As a company, Disney is very generous when it comes to its streaming services ... to a point.
Disney+ features “Star Wars” and Marvel-based shows that many fans consider on par, or even superior to, the films. It also has exclusive films like “Turning Red,” and if you’re just not sure if the latest Marvel or Star Wars film is worth paying $12 or more for, they’re usually in theaters 45 days later.
(So if you still haven’t seen just how crazy “Doctor Strange in the Multiverse of Madness” gets, you can check it out from home soon.)
Hulu is also fully stocked with everything from reality TV guilty pleasures to more high-brow awards fare, and this month it has the new Emma Thompson-starring comedy “Good Luck to You, Leo Grande” and the Bowen Yang-starring “Fire Island,” both of which are earning major buzz. (And both of which can serve as an unofficial retort every time someone complains that Disney has flooded the market with franchises at the expense of everything else.)
But Disney’s (DIS) generosity is not limitless, a point that sports fans know all too well.
Disney’s streaming service ESPN+ is a companion piece to the ESPN sports channel.
For $6.99 a month, sports fans get access to 75 exclusive NHL games, college sports from 20 conferences, the 30 for 30 documentary series, the Masters Tournament, archival material MLB games, and exclusive original shows such as “More Than An Athlete with Michael Strahan.”
So that’s a lot. But it’s not everything, as fans often complain. Many major sporting events are not available on ESPN+, including NBA and NFL games. For those, you still need a cable subscription package.
Fans have been clamoring for an all-in, direct-to-consumer service for years, and in a recent earnings call, Disney CEO Bob Chapek hinted that one may be coming … eventually.
Why Doesn’t ESPN+ Carry Some Games?
Sports fans have long been asking for a version of ESPN+ that carries everything on the cable channel.
The problem is that the subscription fees made by cable packages are very lucrative; in an earnings call from the first quarter of 2022, Disney revealed that its channels ABC and ESPN earned $2.8 billion in the quarter that ended April 2, 2022. Most of this money was from the subscriber fees ESPN charges cable companies.
Disney is likely reluctant to lose those cable subscription fees and just go direct-to-consumer just yet. Disney’s streaming services are doing great, but they’re not so lucrative that the company can just walk away from the cable package fees just yet. As noted by Deadline, is that “the economic returns on streaming are much more uncertain than in pay-TV.”
So Is a Direct-to-Consumer Version of ESPN+ Going To Happen?
While streaming has been called the future of television for years now, we all haven’t collectively made the switch from cable channels to streaming platforms just yet.
But in a recent earnings call, Chapek acknowledged that at some point, Disney will no longer be able to fight the inevitable. But he also made it clear that won’t happen overnight, either.
“So as you know, on all of our linear networks, they're huge cash generators for us. So to some extent, we're doing a really good job of chopping down some of the debt that we've had to accumulate due to either acquisition or through the COVID challenge,” he said in a recent second quarter earnings call. “And so, the hesitancy to move too fast away from those is really a cash flow situation that I think puts our company in a healthier overall situation.”
So at the moment, those cable fees are just too valuable, especially as Disney continues to recover from covid closing down all its theme parks for a year and seriously disrupting its film schedule.
But Disney has been experimenting with the service lately. On Oct. 30, ESPN+ will air the Denver Broncos and Jacksonville Jaguars matchup, the first time it’s ever had a NFL game. While the company slowly begins to transition into ESPN+ into a more all-inclusive service, look for more moves like this.
“At the same time, we're very conscious of our ability to go more aggressively into the DTC area of ESPN. And so, what we're doing is sort of putting one foot on the dock, if you will, and one foot on the boat right now,” added Chapek. “But we know that at some point when it's going to be good for our shareholders, we'll be able to fully go into an ESPN DTC offering the way that you described,” he says. “
And we fully believe that there is a business model there for us that's going to enable us to regain growth on ESPN+ in a full DTC expression. But at that point, obviously, that will have ramifications on immediate cash flow that we get from our legacy linear networks.”
So the phrase “at some point” is doing a lot of work here. So now the question is “will ESPN+ ever go all in” has been answered by Disney’s CEO with a yes. But the question “when will that happen?” is still very much up in the air.
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Disney's new "Lightyear" cartoon banned by 14 countries for same-sex kiss. Guess they'll never learn.
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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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