The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations. This segment is also involved in the television production and distribution. Its Parks, Experiences and Products segment operates theme parks and resorts, such as Walt Disney World Resort in Florida; Disneyland Resort in California; Disneyland Paris; Hong Kong Disneyland Resort; and Shanghai Disney Resort; Disney Cruise Line, Disney Vacation Club, National Geographic Expeditions, and Adventures by Disney and Aulani, a Disney resort and spa in Hawaii, as well as licenses its intellectual property to a third party for the operations of the Tokyo Disney Resort in Japan. The company's Studio Entertainment segment produces and distributes motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, Searchlight Pictures, and Blue Sky Studios banners; develops, produces, and licenses live entertainment events; produces and distributes music; and provides post-production services through Industrial Light & Magic and Skywalker Sound. Its Direct-To-Consumer & International segment operates international television networks and channels comprising Disney, ESPN, Fox, National Geographic, and Star; direct-to-consumer videos streaming services consisting of Disney+/Disney+Hotstar, ESPN+, and Hulu; and operates branded apps and Websites, such as Disney Movie Club and Disney Digital Network, as well as provides streaming technology support services. The company was founded in 1923 and is based in Burbank, California.
IPO Year:
Exchange: NYSE
Website: thewaltdisneycompany.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/16/2024 | $95.00 | Neutral | Piper Sandler |
| 10/1/2024 | Outperform → Mkt Perform | Raymond James | |
| 9/30/2024 | $108.00 | Neutral → Buy | Seaport Research Partners |
| 8/8/2024 | Buy → Neutral | Seaport Research Partners | |
| 8/5/2024 | $130.00 → $110.00 | Overweight | Morgan Stanley |
| 7/2/2024 | $130.00 → $125.00 | Buy | MoffettNathanson |
| 6/25/2024 | $125.00 | Buy | Goldman |
| 5/21/2024 | $100.00 | Sell → Neutral | Redburn Atlantic |
| 4/11/2024 | $120.00 → $140.00 | Overweight | JP Morgan |
| 3/27/2024 | $120.00 → $140.00 | Buy | UBS |
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The Walt Disney Company (NYSE:DIS) posted prepared written management remarks from Chief Executive Officer Robert A. Iger and Chief Financial Officer Hugh F. Johnston regarding its fiscal full year financial and fourth quarter 2024 results, in addition to its earnings release and Form 10-K, at www.disney.com/investors. Today, Disney will host a live audio webcast with Q&A to discuss the financial results beginning at 8:30 a.m. ET / 5:30 a.m. PT. To listen to the webcast, please visit www.disney.com/investors. The webcast will be archived. Materials and webcast may include forward-looking information. View source version on businesswire.com: https://www.businesswire.com/news/home/202411
The Walt Disney Company (NYSE:DIS) today reported earnings for its fourth quarter and full year ended September 28, 2024. Financial Results for the Quarter and Full Year: Revenues increased 6% for Q4 to $22.6 billion from $21.2 billion in the prior-year quarter, and 3% for the year to $91.4 billion from $88.9 billion in the prior year. Income before income taxes declined 6% to $0.9 billion in Q4 from $1.0 billion in the prior-year quarter and increased 59% for the year to $7.6 billion from $4.8 billion in the prior year. Diluted earnings per share (EPS) for Q4 increased 79% to $0.25 from $0.14 in the prior-year quarter, and for the year more than doubled to $2.72 from $1.29 in th
SHANGHAI, Oct. 23, 2024 /PRNewswire/ -- In recent years, with the acceleration of global digital transformation, blockchain technology has rapidly evolved into a critical component of modern economic systems. From financial services and supply chain management to data security, blockchain's application scenarios are continually expanding, fueling the rise of decentralized economic models. At the heart of this transformation, blockchain hardware plays a foundational role, ensuring the efficiency and security of blockchain networks. The release of the "2024 Global Blockchain Hardware Industry White Paper" by Frost & Sullivan aims to provide industry stakeholders with in-depth market insights,
He Will Succeed Mark G. Parker, Who Is Departing After Nine Years of Service on the Disney Board Gorman Provides Update on Succession Planning Process, Says Board Plans to Announce Disney's Next CEO in Early 2026 The Walt Disney Company (NYSE:DIS) Board of Directors (the "Board") has named James P. Gorman as Chairman of the Board, effective January 2, 2025. He will succeed Mark G. Parker, who is departing the Disney Board on January 2 after nine years of service. Gorman is Executive Chairman of Morgan Stanley and, as previously announced, will be stepping down from that role on December 31, 2024. He is currently Chair of the Disney Board's Succession Planning Committee, which is working
The Walt Disney Company (NYSE:DIS) will host a live audio Q&A webcast to discuss fiscal full year and fourth quarter 2024 financial results beginning at 8:30 a.m. ET / 5:30 a.m. PT on Thursday, November 14, 2024. Disney will release results and post prepared written management remarks at www.disney.com/investors before the opening of regular trading on November 14, 2024. To listen to the Q&A webcast, please visit www.disney.com/investors. The webcast will be archived. Materials and webcast may include forward-looking information. View source version on businesswire.com: https://www.businesswire.com/news/home/20241002374539/en/
Makes Any Licensing Agreement Fully Contingent on DIRECTV Waiving Future Challenge of Antitrust Actions; Seeks to Avoid Future Considerations by U.S. District Judge Margaret Garnett or Southern District of New York by Limiting Legal Venues Available to DIRECTV Consumers at Risk for Paying for Disney Content Twice and Channels They Do Not Want, While ABC-Owned Stations Go Dark in Chicago, Houston, Los Angeles, New York, Philadelphia, Raleigh-Durham, San Francisco Bay Area, and Fresno-Visalia During Election Season EL SEGUNDO, Calif., Sept. 1, 2024 /PRNewswire/ -- Today, millions of DIRECTV, DIRECTV STREAM, and U-verse customers lost access when Walt Disney Co. (NYSE:DIS) pulled its programmin
The Walt Disney Company (NYSE:DIS) Board of Directors has named Board member James P. Gorman to chair its Succession Planning Committee (the "Committee"), it was announced today by Mark G. Parker, Chairman of the Board. Gorman, who joined the Disney Board earlier this year, oversaw the recent succession process at Morgan Stanley, where he serves as Executive Chairman following several years as the firm's Chairman and CEO. "James is a highly respected leader, and we've asked him to serve as the new Chair of the Succession Planning Committee given his deep succession planning experience and long-term strategic mentality," said Parker, who most recently served as the Committee's Chair. "Su
Adam Smith has been named Chief Product & Technology Officer, Disney Entertainment and ESPN (NYSE:DIS), it was announced today by Disney Entertainment Co-Chairmen Alan Bergman and Dana Walden and ESPN Chairman Jimmy Pitaro. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240815581218/en/Adam Smith (Photo Credit Kim Reierson) In this role, Smith will oversee a global Product and Technology group spanning Disney's entertainment and sports media businesses. He will be responsible for driving technology strategy, development, deployment and continued innovation across the company's streaming platforms and networks, portfolio of consu
The Walt Disney Company (NYSE:DIS) posted prepared executive commentary from Chief Executive Officer Robert A. Iger and Chief Financial Officer Hugh F. Johnston, along with its earnings release and Form 10-Q, regarding its fiscal third quarter 2024 financial results at www.disney.com/investors. Disney will host a live audio Q&A webcast to discuss the financial results beginning at 8:30 a.m. ET / 5:30 a.m. PT. To listen to the Q&A webcast, please visit www.disney.com/investors. The webcast will be archived. Materials and webcast may include forward-looking information. View source version on businesswire.com: https://www.businesswire.com/news/home/20240806034037/en/
The Walt Disney Company (NYSE:DIS) today reported earnings for its third quarter ended June 29, 2024. Financial Results for the Quarter: Revenues for the quarter increased to $23.2 billion from $22.3 billion in the prior-year quarter. Income (loss) before income taxes improved to income of $3.1 billion in the current quarter from a loss of $0.1 billion in the prior-year quarter. Diluted earnings per share (EPS) was $1.43 for the current quarter compared to a loss of $0.25 in the prior-year quarter. Excluding certain items(1), diluted EPS for the quarter increased to $1.39 from $1.03 in the prior-year quarter. Key Points: In the third fiscal quarter of 2024, we achieved s
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The Walt Disney Company (NYSE:DIS) today reported earnings for its fourth quarter and full year ended September 28, 2024. Financial Results for the Quarter and Full Year: Revenues increased 6% for Q4 to $22.6 billion from $21.2 billion in the prior-year quarter, and 3% for the year to $91.4 billion from $88.9 billion in the prior year. Income before income taxes declined 6% to $0.9 billion in Q4 from $1.0 billion in the prior-year quarter and increased 59% for the year to $7.6 billion from $4.8 billion in the prior year. Diluted earnings per share (EPS) for Q4 increased 79% to $0.25 from $0.14 in the prior-year quarter, and for the year more than doubled to $2.72 from $1.29 in th
The Walt Disney Company (NYSE:DIS) today reported earnings for its third quarter ended June 29, 2024. Financial Results for the Quarter: Revenues for the quarter increased to $23.2 billion from $22.3 billion in the prior-year quarter. Income (loss) before income taxes improved to income of $3.1 billion in the current quarter from a loss of $0.1 billion in the prior-year quarter. Diluted earnings per share (EPS) was $1.43 for the current quarter compared to a loss of $0.25 in the prior-year quarter. Excluding certain items(1), diluted EPS for the quarter increased to $1.39 from $1.03 in the prior-year quarter. Key Points: In the third fiscal quarter of 2024, we achieved s
The Walt Disney Company (NYSE:DIS) today reported earnings for its second quarter ended March 30, 2024. Financial Results for the Quarter: Revenues for the quarter increased to $22.1 billion from $21.8 billion in the prior-year quarter. Diluted earnings per share (EPS) was a loss of $0.01 for the current quarter compared to income of $0.69 in the prior-year quarter. Diluted EPS decreased to a nominal loss due to goodwill impairments in the quarter, partially offset by higher operating income at Entertainment and Experiences. Excluding certain items(1), diluted EPS for the quarter increased to $1.21 from $0.93 in the prior-year quarter. Key Points: In the second fiscal quart
CalPERS and Neuberger Berman Vote "For" Nelson Peltz and Jay Rasulo, Citing the Need for "Fresh Eyes" and "More Independence" in Disney's Boardroom Follows Support from Other Independent Third Parties, Including Yacktman Asset Management and Proxy Advisory Firms Institutional Shareholder Services and Egan-Jones NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) -- The Trian Group,1 which beneficially owns over $3.5 billion of common stock in The Walt Disney Company (NYSE:DIS), today announced that two respected institutional investors, the California Public Employees' Retirement System (CalPERS), the country's largest public pension fund, and Neuberger Berman, a global asset manager, have exp
The opportunity to protect your investment is running short! Vote electronically TODAY to ensure your shares are represented at the April 3rd Annual Meeting. The Walt Disney Company (NYSE:DIS) today urged shareholders to protect their investment and the future of the Company by making sure their votes are in on the WHITE proxy card in support of ONLY Disney's 12 director nominees (and not the Trian Group or Blackwells nominees). Disney encourages ALL shareholders to vote their shares online or by telephone no later than 11:59 p.m. Eastern Time on April 2, 2024. Instructions to vote by internet or telephone can be found on the WHITE proxy card. Disney has the right strategy to drive pr
Emphasizes that the Election Contest is About Board Oversight, Not About Bob Iger Highlights its Candidates' Extensive Track Records of Constructive Engagement with Corporate Boards and Management Teams NEW YORK, March 25, 2024 (GLOBE NEWSWIRE) -- The Trian Group,1 which beneficially owns over $3.5 billion of common stock in The Walt Disney Company (NYSE:DIS), today reaffirmed its call for change in the composition of the Board of Directors of Disney and the commitment of its nominees, Nelson Peltz and Jay Rasulo, to work constructively with the Company's Board and leadership team to drive long-term, sustainable value creation. Trian believes that Disney is the most advantaged consumer
ISS recommends Disney shareholders vote "FOR" 11 of Disney's director nominees, recognizing "positive changes" to the Board and the "relevant experiences and business insights" of Disney's directors ISS recommendation fails to acknowledge the diverse set of skills and experience on Disney's Board, including significant value added by Maria Elena Lagomasino Disney urges shareholders to protect the value of their investment and vote FOR all 12 of Disney's Director Nominees – including Maria Elena Lagomasino – on the WHITE proxy card The Walt Disney Company (NYSE:DIS) today commented on a report published by Institutional Shareholder Services (ISS) in connection with the election of the
Glass Lewis recommends Disney shareholders "WITHHOLD" on the Trian Group and Blackwells nominees Glass Lewis highlights Disney's clear strategy, "measurable shifts" in the trajectory of Disney's business since Bob Iger's return, and strong recent additions to the Board among other things Disney's Board of Directors urges shareholders vote the WHITE proxy card for only Disney's 12 nominees and not the Trian Group or Blackwells nominees The Walt Disney Company (NYSE:DIS) announced that independent proxy voting and corporate governance advisory firm Glass, Lewis & Co. (Glass Lewis) today recommended shareholders vote the WHITE proxy card in support of all of Disney's 12 director nominees
Expresses disappointment in the mudslinging tone and content of Disney's communications, and notes that Disney is attempting to sidestep the longstanding performance issues at the Company Notes that Disney's most prominent supporters have been paid tens of millions of dollars by Disney Calls upon Disney shareholders to support change by electing Nelson Peltz and Jay Rasulo NEW YORK, March 13, 2024 (GLOBE NEWSWIRE) -- Trian Fund Management, L.P. has nominated two candidates, Nelson Peltz and Jay Rasulo, for election to the Board of Directors of The Walt Disney Company (NYSE:DIS). Trian opposes the reelection of two of Disney's incumbent directors, Michael B.G. Froman and Maria Elen
Describes Years of Board Failure on Core Responsibilities and Outlines Initiatives to Restore the Magic Highlights Need for Adding Nelson Peltz and Jay Rasulo as Experienced, Independent Directors Aligned with Shareholders NEW YORK, March 04, 2024 (GLOBE NEWSWIRE) -- The Trian Group,1 which beneficially owns $3.5 billion of common stock in The Walt Disney Company (NYSE:DIS), today issued a comprehensive assessment of Disney that links years of failed oversight concerning governance, executive compensation, succession and strategy by Disney's Board of Directors to the Company's chronic underperformance. This White Paper also provides information about the qualifications and insights of Tr
Piper Sandler initiated coverage of Walt Disney with a rating of Neutral and set a new price target of $95.00
Raymond James downgraded Walt Disney from Outperform to Mkt Perform
Seaport Research Partners upgraded Walt Disney from Neutral to Buy and set a new price target of $108.00
Seaport Research Partners downgraded Walt Disney from Buy to Neutral
Morgan Stanley reiterated coverage of Walt Disney with a rating of Overweight and set a new price target of $110.00 from $130.00 previously
MoffettNathanson reiterated coverage of Walt Disney with a rating of Buy and set a new price target of $125.00 from $130.00 previously
Goldman initiated coverage of Walt Disney with a rating of Buy and set a new price target of $125.00
Redburn Atlantic upgraded Walt Disney from Sell to Neutral and set a new price target of $100.00
JP Morgan resumed coverage of Walt Disney with a rating of Overweight and set a new price target of $140.00 from $120.00 previously
UBS reiterated coverage of Walt Disney with a rating of Buy and set a new price target of $140.00 from $120.00 previously
https://thewaltdisneycompany.com/disney-hulu-max-bundle-price/
Walt Disney Co’s (NYSE:DIS) ESPN, Comcast Corp (NASDAQ:CMCSA) owned NBCUniversal, and Amazon.com Inc (NASDAQ:AMZN) have secured an 11-year deal valued at $77 billion to broadcast National Basketball Association games (NBA), the league announced on Wednesday. The NBA rejected a last-minute offer from Warner Bros Discovery’s TNT Sports, ending a four-decade relationship with the media company after next season, Reuters reports. Warner Bros Discovery stock is down Thursday premarket. The new deal is a setback for Warner’s sports division, exacerbating investor concerns about its role in the new sports-streaming partnership with Disney and Fox Corp (NASDAQ:FOX) (NASDAQ:FOXA). Under the
Amazon.com Inc (NASDAQ:AMZN) shares are rising in Wednesday’s after-hours session after the National Basketball Association (NBA) announced a deal in which Prime Video will telecast NBA games over the next decade. What Happened: The NBA announced a renewal of its partnership with Walt Disney Co (NYSE:DIS), as well as new agreements with NBCUniversal and Amazon under which ABC/ESPN, NBC/Peacock and Prime Video will telecast NBA games beginning with the 2025-26 season. The deal is set to remain in place through the 2035-36 season. “Our new global media agreements with Disney, NBCUniversal and Amazon will maximize the reach and accessibility of NBA games for fans in the United States and
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Vice President Kamala Harris has landed key endorsements and donations from the entertainment industry ahead of her likely nomination for president in the 2024 election. What Happened: Harris gained support and endorsements from key members of Congress in her fight to secure the Democratic Party's nomination for president in the 2024 election. The vice president is now gaining support from celebrities and entertainment leaders through their words and their wallets. Walt Disney Co (NYSE:DIS) heiress and philanthropist Abigail Disney is one of the latest to back Harris and her endorsement could be an important one. "I am supporting her with all my heart," Disney told a New York Tim
Unions representing 14,000 Disneyland employees said on Wednesday that they had reached a tentative labor agreement with Walt Disney Co. (NYSE:DIS), averting a potential work stoppage at the iconic theme park. The three-year agreement, which includes wage increases and additional benefits for park employees known as "cast members," was signed by an alliance of unions representing custodians, ride operators, merchandise clerks, and other workers at Disneyland Resort in Anaheim, California, Reuters reported. "Cast members have fought hard for the past four months and this tentative agreement would not have been possible without the strength we all showed throughout this process and the u
Isaac “Ike” Perlmutter, the former Marvel Entertainment executive and one of Walt Disney Co’s (NYSE:DIS) largest independent shareholders for over a decade, has sold his entire stake in the company, the Wall Street Journal reported Tuesday. Disney stock closed lower by 3.4% Tuesday. In 2023, Perlmutter teamed up with activist investor Nelson Peltz to campaign for two seats on Disney’s board of directors, contributing nearly 26 million shares to Peltz’s effort. In April, Disney shareholders voted overwhelmingly in favor of the company’s slate, endorsing CEO Bob Iger and his management team, which resulted in a defeat for Peltz and Perlmutter. Also Read: Disney Develops Tech to Rival
The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies. ` The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. Walt Disney Co (NYSE:DIS) On July 22, India's antitrust body has raised concerns about the $8.5 billion merger b
https://www.wsj.com/livecoverage/stock-market-today-earnings-dow-sp500-nasdaq-07-23-2024/card/perlmutter-sells-entire-disney-stake-after-proxy-fight-loss-BXemLjKEolk1S1EtJKhc?page=1Isaac "Ike" Perlmutter, the former Marvel Entertainment executive, who for the last decade and a half has been one of Disney's largest independent shareholders, has sold his entire stake.Perlmutter banded with activist investor Nelson Peltz last year in a campaign to secure two seats on Disney's board of directors, contributing nearly 26 million shares to Peltz's war chest. In April, shareholders voted overwhelmingly in favor of Disney's slate, effectively endorsing CEO Bob Iger and his management team while handi
Media company Warner Bros. Discovery (NASDAQ:WBD) isn't ready to give up its highly coveted national NBA TV rights yet. The media company matched a deal signed by Amazon.com Inc (NASDAQ:AMZN), setting up a potential battle. What Happened: The National Basketball Association announced The Walt Disney Company (NYSE:DIS), Comcast Corporation (NASDAQ:CMCSA) and Amazon signed deals worth a combined $76 billion over 11 years recently. As part of an existing contract with the NBA, Warner Bros. Discovery was able to match any of the new deals that begin in the 2025-2026 season. "We have reviewed the offers and matched one of them," Warner Bros. Discovery unit TNT said in a statement. "Th
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ISS Cites Disney's Operating and Stock Underperformance, Succession Failures and the Board's Need to Improve its Effectiveness Endorses Nelson Peltz as "Best Positioned" to Provide the Catalyst the Disney Board Needs Recommends Shareholders "WITHHOLD" on Lagomasino, Noting Multi-Year Concerns Surrounding Her Role on Compensation Committee and Says She "Bears More Accountability than Most for the Failed Succession Process" NEW YORK, March 21, 2024 (GLOBE NEWSWIRE) -- The Trian Group,1 which beneficially owns over $3.5 billion of common stock in The Walt Disney Company (NYSE:DIS), today announced that Institutional Shareholder Services Inc. ("ISS"), the largest and most influential proxy
Letter Details Positive Experience Working with Nelson Peltz and Highlights Trian's Track Record of Working Constructively to Create Shareholder Value Encourages Disney Board to Work with Nelson and Trian for the Benefit of all Shareholders NEW YORK, March 21, 2024 (GLOBE NEWSWIRE) -- Current and former public company directors who have worked with Nelson Peltz and Trian today sent a letter to The Walt Disney Company (NYSE:DIS) Board of Directors detailing their positive experiences working with Trian. The letter details Trian and Nelson Peltz's demonstrated ability to work collaboratively and constructively with board members and management teams to drive long-term shareholder va
NEW YORK, March 18, 2024 (GLOBE NEWSWIRE) -- The Trian Group,1 which beneficially owns $3.5 billion of common stock in The Walt Disney Company (NYSE:DIS), today released a letter to its fellow Disney shareholders. The full text of the letter is below and available to view online at: https://restorethemagic.com/03-18-2024/. Dear Fellow Walt Disney Company Shareholder: Disney's 2024 Annual Meeting will be held on April 3, and it is time for you to vote to help Restore the Magic at Disney. For more than a century, Disney has captivated millions of people all over the world with unforgettable films and experiences. Like you, Trian loves Disney and wants to see the Company succee
Urges Shareholders to Disregard ValueAct's Endorsement of the Board Questions Whether the Board Violated ERISA laws as well as Disney's Code of Ethics NEW YORK, March 11, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital LLC (together with its affiliates, "Blackwells" or "we") today issued a letter to fellow shareholders regarding the need for boardroom enhancement at The Walt Disney Company (NYSE:DIS). We invite all shareholders to learn more about our nominees and mission at www.TheFutureOfDisney.com. The full letter to shareholders follows: Dear Fellow Disney Shareholder: As you may know, on January 3, 2024, The Walt Disney Company ("Disney" or the "Company") issued a press release anno
Shareholders Should Vote FOR Blackwells' Nominees Jessica Schell, Craig Hatkoff and Leah Solivan on the GREEN Proxy Card Shareholders Invited to Visit www.TheFutureOfDisney.com to Review Important Information About Blackwells' Campaign WITHHOLD Your Vote from Trian Nominees Peltz and Rasulo, Discard Any BLUE Trian Proxy Card You May Receive NEW YORK, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital, LLC ("Blackwells"), a shareholder of The Walt Disney Company ("Disney" or the "Company") (NYSE:DIS), filed its definitive proxy statement with the Securities and Exchange Commission ("SEC") in connection with its nomination of Jessica Schell, Craig Hatkoff and Leah Solivan for election t
NEW YORK and PALM BEACH, Fla., Dec. 14, 2023 (GLOBE NEWSWIRE) -- Trian Fund Management, L.P. (together with its affiliates, "Trian", "our" or "we"), which beneficially owns $3 billion of common stock in The Walt Disney Company (NYSE:DIS) ("Disney" or the "Company"), today submitted a notice of its intention to nominate two independent director candidates for election to the Disney Board of Directors (the "Board") at the Company's 2024 Annual Meeting of Shareholders (the "2024 Annual Meeting"). Disney is one of the most iconic companies in the world with unrivaled scale, unparalleled customer loyalty, irreplaceable intellectual property ("IP"), and an enviable commercial flywheel. However,
The Walt Disney Company (NYSE:DIS) Board of Directors has appointed James P. Gorman, Chairman and Chief Executive Officer of Morgan Stanley, and Sir Jeremy Darroch, a veteran media executive and former Group Chief Executive of Sky, as new directors. Darroch's appointment is effective January 9, 2024, and Gorman's is effective February 5, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231129836482/en/James Gorman (Photo: Business Wire) The selection of Gorman, a deeply respected leader at one of the world's preeminent global financial institutions, and Darroch, an accomplished chief executive and financial leader with signi
LAKE BUENA VISTA, Fla., Nov. 14, 2023 /PRNewswire/ -- Walt Disney World Resort, one of the world's most visited vacation destinations, generated $40 billion in economic impact across the state and more than a quarter of a million total jobs in fiscal year 2022, according to a new study from Oxford Economics announced today. The study found that Disney, which has fueled Florida's economy, tourism and small businesses for more than half a century, generated the following across the year: $40.3 billion in total statewide economic impact.263,000 direct and indirect jobs – 1 out o
Hugh F. Johnston has been named Senior Executive Vice President and Chief Financial Officer of The Walt Disney Company (NYSE:DIS) effective December 4. It was announced today by Robert A. Iger, Chief Executive Officer. Johnston is Vice Chairman and Chief Financial Officer of PepsiCo, where he has held numerous leadership positions during a highly successful 34-year career with the multinational food and beverage giant. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231106075521/en/Hugh Johnston (Photo: Business Wire) As Disney's Chief Financial Officer, Johnston will report directly to Iger and will lead the company's worldwide
Parker, a Disney director since 2016 and Executive Chairman of NIKE, will succeed Susan Arnold as independent Chairman following Annual Meeting of Shareholders Board also responds to letter from Trian Group; recommends shareholders vote FOR all Board nominees and not support the Trian candidate The Walt Disney Company (NYSE:DIS) Board of Directors announced that it has elected independent director Mark G. Parker as Chairman of the Board, effective following the Annual Meeting of Shareholders. Mr. Parker, a seven-year member of the Disney Board and Executive Chairman of NIKE, Inc., will succeed Susan E. Arnold, who will not stand for re-election pursuant to the 15-year term limit under Dis