The Walt Disney Company (DIS) - NYSE
  • Dec. 4, 2013, 4:49 PM
    • The Walt Disney Company (DIS) declares $0.86/share annual dividend,14.6% increase form prior dividend of $0.75
    • Previously: Notable earnings before Thursday’s open
    • Forward yield 1.23%
    • Payable Jan 16; for shareholders of record Dec. 16; ex-div Dec. 12.
    | Dec. 4, 2013, 4:49 PM | 8 Comments
  • Dec. 4, 2013, 9:52 AM
    • Higher spending on programming by network owners is paying off immediately in the form of increased revenue from content, according to media analysts.
    • The most recent round of reports from Time Warner (TWX -0.4%), CBS (CBS +0.4%), Viacom (VIAB -0.4%), and 21st Century Fox (FOXA -0.8%) show higher program costs were offset by licensing and advertising revenue. Even big sports rights deals from Disney (DIS -0.7%) and NBC (CMCSA) appear to be adding enough profits to justify the steep costs.
    • What to watch: A breaking point on programming costs could be seen in the future with the Pay-TV industry (DISH, DTV, CHTR, CVC, TWC) dabbling with smaller bundles for consumers.
    • Related ETF: PBS.
    | Dec. 4, 2013, 9:52 AM
  • Dec. 4, 2013, 6:49 AM
    • Disney (DIS) extends a deal with Modern Times Group ti license content to the Scandinavian Pay-TV operation.
    • The deal will include first-run content and older titles.
    | Dec. 4, 2013, 6:49 AM | 1 Comment
  • Dec. 2, 2013, 8:19 AM
    • A massive deal by Rogers Communications (RCI) to buy the rights to broadcast NHL hockey in Canada is tied to preventing cord-cutting, according to industry watchers.
    • Analysts call the move by the company a "reasonably priced" insurance policy against long-term cash flow erosion.
    • In the U.S., ESPN's NFL and college football packages have helped prop up carriage fees for Disney (DIS) - but haven't stemmed subscriber losses for Pay-TV operator's (CHTR, TWC, CVC, DISH, DTV).
    • Still, live sports programming is seen as critical to keeping the bundled network model in place for the industry and future sports rights bidding could go sky-high.
    • Previous on cord-cutting: Subscriber losses in the U.S.
    | Dec. 2, 2013, 8:19 AM | 3 Comments
  • Nov. 29, 2013, 8:41 AM
    • Disney's (DIS) Frozen is on course to bring in over $80M for its five-day opening weekend - a stellar mark if it holds that would beat estimates.
    • The animated 3D film also earned a A+ rating from CinemaScore indicating it could have some sturdy box office legs right into VOD/streaming.
    • Hunger Games: Catching Fire isn't showing any slowdown in momentum as the Lions Gate film has already toppled the $200M level for box office receipts and is forecast to do another $90M-$100M for the extended Thanksgiving weekend.
    • Disney's Thor: The Dark World and Homefront (RGC) run 3rd and 4th for the weekend box office rankings with more moderate sales due to the significant crowding-out effect of the two powerhouse leaders.
    | Nov. 29, 2013, 8:41 AM | 1 Comment
  • Nov. 27, 2013, 1:39 PM
    • Aided by blockbusters such as Monsters University and Iron Man 3, Disney's (DIS -0.9%) studio ops have seen over $4B in annual ticket sales for the first time in their history.
    • Disney's Studio Entertainment division had Sep. quarter revenue of $1.51B, +7% Y/Y and equal to 13% of the media giant's total revenue. Op. income rose 35% to $108M.
    | Nov. 27, 2013, 1:39 PM | 6 Comments
  • Nov. 26, 2013, 2:20 PM
    • UBS raises its assumptions on buybacks from Disney (DIS +2%) after factoring in the timing of sports rights costs.
    • The investment firms sees buybacks for $7.0B and $7.5B in 2014 and 2015, respectively, after initially pegging the repurchase activity at $6B for each period.
    • Also: Channel checks on Walt Disney World resort pricing and the upcoming Frozen movie look positive.
    | Nov. 26, 2013, 2:20 PM
  • Nov. 25, 2013, 4:03 PM
    | Nov. 25, 2013, 4:03 PM | 17 Comments
  • Nov. 25, 2013, 1:05 PM
    • For the first time in over five years, Disney's (DIS -0.2%) time-share business has been singled out by executives as a driver of growth for the company's Parks and Resorts segment.
    • Vacation Club has suffered from a few management misfires of late, but once churned up over $190M in annual profits.
    • What to watch: As anyone who has scratched out a few numbers on a napkin on the timeshare business can attest, Disney's timeshare business could lead to lush profits if demand improves.
    | Nov. 25, 2013, 1:05 PM | 3 Comments
  • Nov. 24, 2013, 9:30 AM
    • Early estimates on the box office haul of The Hunger Games: Catching Fire indicate the film earned $152M-$160M in the U.S. over the weekend to set a November record and land as the 8th highest opening of all-time.
    • Inside the numbers: Global audiences bring the weekend tally for the Lions Gate (LGF) film to well over $200M with many key markets still on tap. IMAX (IMAX) revenue totals aren't out yet, but anecdotal reports suggest a high percentage of filmgoers went the IMAX route. Males got caught in the Catching Fire buzz, jumping to 41% of the audience component from 29% for the original HG. CinemaScore gave the film a coveted A rating for tracking appeal which shows the juggernaut could have sturdy legs right into streaming.
    • What to watch: The brisk opening brings a sigh of relief across the industry. Shares of LGF and IMAX broke higher Friday off the early buzz - but could show even more friskiness. Theater operators (CKEC, CNK, RGC, MCS, RDI) needed the reassurance that the Instagram-teenager set can still deliver high traffic numbers, while Hollywood studios have been in the crossfires of analysts for their reliance on make-or-break tent-pole strategies. Disney (DIS) with the biggest tentpole of all in its back pocket with the Star Wars franchise will take a few cues. Get cracking J.J. Abrams.
    | Nov. 24, 2013, 9:30 AM | 12 Comments
  • Nov. 22, 2013, 4:58 PM
    • Disney's (DIS +0.3%) Pixar studio is slashing around 60 positions, or ~5% of its workforce, following the 18 month delay of The Good Dinosaur, Bloomberg reports.
    • The move of the film's release date, which was announced back in Sept., will leave Pixar without an annual release for the first time since 2005.
    | Nov. 22, 2013, 4:58 PM
  • Nov. 21, 2013, 11:39 AM
    • Disney (DIS +0.7%) has a red-hot mobile property in its arsenal as the ESPN ScoreCenter app is reported to have piled up over 50M downloads and saw more traffic than ESPN's website in Septemnber (47.4M mobile users vs. 46.1M website visitors).
    • To enhance the SportCenter brand, and perhaps set the stage for further monetization, ESPN relaunched the app today with new features.
    • Execs with Disney have become more positive about the potential for mobile to generate serious revenue for the company in their recent talks. A key development is that Nielsen plans to begin measuring TV show viewing via mobile platforms this fall which could boost ad sales.
    | Nov. 21, 2013, 11:39 AM | 8 Comments
  • Nov. 15, 2013, 1:38 PM
    • Broadcasters with popular content continue to benefit as the bidding war for shows and movies intensifies with more companies enter the streaming and VOD realm.
    • Not only are cable and satellite firs paying more, but Amazon and Netflix are opening up their cash hoards to land exclusive deals, and even new-to-the-scene players such as Verizon, Target, and Wal-Mart are having an influence.
    • Just in today's news alone, Comcast announced it would sell digital movies to subscribers and 20 Century Fox Television says there was a "vigorous bidding war" for The Simpsons in a rerun deal that is believed to be the priciest ever.
    • Media stocks to watch: AMCX, LGF, DIS, TWX, DISCA, CBS, FOXA, VIAB
    | Nov. 15, 2013, 1:38 PM | 1 Comment
  • Nov. 13, 2013, 1:02 PM
    • Netflix (NFLX) is being pitched a deal by major movies studios to buy exclusive rights to a miniseries that would be released in movie theaters initially in one- to two-hour episodes.
    • The company is reported to be torn on the issue if landing early rights to the filmed episodes outweighs straying from its binge viewing model.
    • If nothing else, the discussions highlight the advantage of being on the content side (DIS, SNE, VIAB, CMCSA, LGF, TWX, AMCX, DISCA, SNI) of the media business as new distribution channels emerge.
    | Nov. 13, 2013, 1:02 PM | 2 Comments
  • Nov. 13, 2013, 8:34 AM
    • Wedbush Securities analyst Michael Pachter sees a winner and a loser in the deal between Netflix and Marvel to develop four new superhero series.
    • Pachter says the agreement calls for Netflix (NFLX) to absorb production costs which shifts risk away from Disney (DIS) to the streaming giant.
    • Northlake Capital's Steve Birenberg thinks Netflix can still generate significant profits out of the Marvel arrangement, but it would require one of the lesser-known superheroes creating quite a buzz.
    | Nov. 13, 2013, 8:34 AM | 14 Comments
  • Nov. 11, 2013, 3:19 PM
    • Disney (DIS -0.3%) says it will merge the games and media groups within its Interactive subsidiary to help create a unified business strategy. The company says Jimmy Pitaro will be the top exec for the division.
    • After being an unprofitable afterthought for years, Disney Interactive is finally starting to contribute to the company's bottom line on the strength of the unique Disney Infinity toy system.
    | Nov. 11, 2013, 3:19 PM
Company Description
Disney Interactive Media Group (DIMG), the interactive entertainment affiliate of The Walt Disney Company, creates immersive, connected, interactive experiences across console, online, mobile and social network platforms to entertain and inform audiences
Sector: Services
Industry: Entertainment - Diversified
Country: United States