The Walt Disney Company (DIS) - NYSE
  • Aug. 14, 2013, 10:40 AM
    • Disney (DIS -0.4%) will launch Disney Infinity next week with the early buzz in the tech community that the debut will impress.
    • The concept is based on a platform which allows users to make games inside the "Toy Box" and then upload them for free to cloud-service Disney ID - at which point they can be downloaded to the Wii U, PlayStation 3, Xbox 360 or iOS devices. It also builds on a "Play Sets" concept which merges physical toys with the virtual world.
    • The company thinks the ability to merge characters from different franchises (Chewbacca meets Iron Man?) will be irresistible to children young and old.
    • What to watch: Disney Interactive has been an under-performing segment for the company for years. Can Toy Box and Disney Infinity turn the trend around?
    | Aug. 14, 2013, 10:40 AM
  • Aug. 12, 2013, 3:47 PM
    • Disney (DIS -1.2%) sits in the enviable position of watching the Hong Kong government and Shanghai authorities aggressively fund expansion at the company's mega-complexes in the region as they compete with other for tourism. The megapolises are on an aggressive growth agenda inside and around Disney's properties.
    • Shanghai Disney and Hong Kong Disneyland are both owned majority-owned by local government entities, indicating Disney holds a lot of sway but not ultimate power with the parks.
    | Aug. 12, 2013, 3:47 PM
  • Aug. 12, 2013, 2:58 PM
    • The implications of the Time Warner Cable (TWC -1.7%) and CBS (CBS +0.2%) fight over retransmission fees will be significant for the entire industry, particularly if Congress rewrites legislation covering the topic.
    • Though a band-aid fix could happen at any time, BTIG Research thinks regulators and legislators will lean toward the position of the cable/satellite industry to determine that current laws weren't intended to fund NFL rights acquisitions and primetime network programming, but to ensure the flow of news and information over the airwaves.
    • The back-to-the-basics position, if it comes off, could benefit Dish Network (DISH), DirecTV (DTV), Cox Communications, Charter Communications (CHTR), and Cablevision (CVC) in future negoiations - while cutting into the potential for broadcasters (DIS, FOXA, CMCSA, AMCX, VIAB, DISCA, SNI).
    | Aug. 12, 2013, 2:58 PM | 2 Comments
  • Aug. 10, 2013, 6:25 PM
    • Disney's (DISPlanes is on track to record a $30M opening week to give a shot in the arm to the animation business. A few sub-par animation releases this year led to increased concern the genre was fading.
    • Other box office stars for a weekend forecast to be a record-breaker for August include Elysium (SNE) and We're the Millers (TWX).
    • What to watch: IMAX (IMAX) could follow up a robust Q2 with an impressive Q3 as reports from overseas indicate demand for Hollywood titles in the IMAX format has picked up in July and August.
    | Aug. 10, 2013, 6:25 PM | 1 Comment
  • Aug. 8, 2013, 1:40 PM
    • Execs with Disney (DIS -0.3%) did a solid job during the firm's earnings conference call this week pitching the case that Fox Sports doesn't pose a serious challenge yet and that key sports rights deals are lined up securely, but something doesn't quite add up. (transcript)
    • Earlier today, Fox Sports (FOXA) landed rights to the U.S. Open golf tournament by doubling the value of the previous contract and there have been other indications the value of sports rights deals is set to explode with more serious bidders on the scene.
    • The uncertainty of the cable/satellite model (CBS-TWC timeline) also poses a new risk for broadcasters - accustomed to having their way with carriage fees in the past.
    | Aug. 8, 2013, 1:40 PM | 9 Comments
  • Aug. 7, 2013, 11:44 AM
    • Goldman Sachs notes Disney's (DIS -2.5%) FQ3 was a slight miss on profit if you back out a nickel per share benefit from cable network affiliate revenue that was pulled forward.
    • The investment firm also notes affiliate fees for cable networks were slower than it anticipated, 6% Y/Y vs. 11%.
    • Overall, Goldman is lukewarm on Disney's upside in the short-term as its sits on a Neutral rating and $69 price target.
    | Aug. 7, 2013, 11:44 AM | 4 Comments
  • Aug. 7, 2013, 7:11 AM
    • Early response to Disney (DIS) Infinity has been "overwhelmingly positive" in front of its official launch on August 18.
    • CEO Bob Iger says ESPN has pulled in strong upfront ad rates and hasn't seen any impact from new competitive forces including Fox Sports 1.
    • Disney will take a loss of $160M-$190M on The Lone Ranger after the film seriously under-performed at the box office and ran over budget.
    • transcript
    | Aug. 7, 2013, 7:11 AM
  • Aug. 6, 2013, 4:26 PM
    • Disney (DIS) segment revenue: Parks and Resorts +7% to $3.68B; Studio Entertainment -2% to $1.59B; Media Network +5% to $5.35B; Consumer Products +4% to $775M.
    • Increased affiliate revenue and higher ad rates offset higher programming and production costs for the company's cable networks.
    • Theme park guest spending was boosted by new guest offerings and the MyMagic+ wristband initiative.
    • Film revenue was solid, but ran into a tough comparable with last year's The Avengers a record-setter.(PR)
    • DIS +0.4% AH.
    | Aug. 6, 2013, 4:26 PM
  • Aug. 6, 2013, 4:18 PM
    • Disney (DIS): FQ3 EPS of $1.03 beats by $0.02.
    • Revenue of $11.50B misses by $14M (PR).
    | Aug. 6, 2013, 4:18 PM | 14 Comments
  • Aug. 6, 2013, 2:18 PM
    • Shares of Disney (DIS +1.5%) trade at less than a buck from their all-time highs just in front of today's release of Q2 earnings.
    • Analysts expect the company to report revenue of $11.64B for the quarter and EPS of $1.01.
    • Level-headed Disney watchers will note that an expected write-down on the The Lone Ranger film will be relatively insignificant in comparison to the company's overall revenue haul and that the project was a remnant from the studio's previous management.
    • A couple of off-the-radar items to watch: What kind of bounce did Disney get from the introduction of MyMagic+ wristbands at theme parks? As well as an update from Disney Interactive on its future pipeline of gaming titles and where does the Star Wars franchise fit in?
    | Aug. 6, 2013, 2:18 PM
  • Aug. 6, 2013, 12:10 AM
  • Aug. 5, 2013, 5:35 PM
  • Aug. 5, 2013, 1:41 PM
    • A collapse of the bundled channel model would seemingly leave program providers such as Viacom (VIAB), Discovery Communications (DISCA), Scripps Networks (SNI), and AMC Networks (AMCX) out in the wild as fees could rise and fall more abruptly as hit shows come and go.
    • Disney's (DIS) claims nothing could knock ESPN off its high horse (and high carriage fees) - but with NBC (CMCSA), 21st Century Fox (FOXA), and CBS (CBS) needing high-profile sports events on their schedule, the cost of future licensing deals could soar.
    • Don't forget about Netflix (NFLX). Along with +30M subscribers in the U.S., even old-school cable stalwart Dolan admits he is a fan of the streaming service. Disruption in the cable/satellite market could lead to some cord-cutting and extra subscriptions for Netflix and Amazon (AMZN) Prime.
    | Aug. 5, 2013, 1:41 PM | 30 Comments
  • Aug. 5, 2013, 7:11 AM
    • ABC (DIS) thinks Marvel Agents of S.H.I.E.L.D. could be a show that strongly appeals to young males to upset the ratings apple cart.
    • Last season, the network finished last among the majors in viewers aged 18 to 49.
    • What to watch: The show debuts on September 24. The big screen to small screen transition will be closely watched by Disney with new Star Wars TV shows for prime time a possibility in the future.
    | Aug. 5, 2013, 7:11 AM | 3 Comments
  • Aug. 2, 2013, 12:39 PM
    • Disney's (DIS +1.2%) ESPN reportedly has contracts in place to boost carriage fees to up to as high as $7.00 per month for each subscriber.
    • The figure is a significant jump from the network's industry-leading carriage rate of $5.54/subscriber and an indication that the increased focus of CBS and NBC on their sports-only networks hasn't cut into ESPN's leverage.
    • What to watch: Disney reports earnings next Tuesday. While the amount the company decides to book as a loss on The Lone Ranger will grab the spotlight, comments by execs on new deals for ESPN and ABC could help set the tone on earnings estimates for 2014.
    | Aug. 2, 2013, 12:39 PM | 6 Comments
  • Aug. 2, 2013, 8:32 AM
    • Lines are being drawn in the Senate over Sen. John McCain's bill to force cable and satellite operators into serving up a la carte programming.
    • Broadcast networks (DIS, FOXA, CMCSA, CBS, AMCX, TWX) and TV station operators oppose a la carte, while some cable/satellite operators (DTV, DISH, TWC) support it as they look at the bill as a way to lower carriage fees.
    • Despite all the noise from both sides, the bill is given little chance of even moving to the House and President Obama hasn't even offered an opinion on the issue.
    | Aug. 2, 2013, 8:32 AM | 2 Comments
Company Description
The Walt Disney Co. together with its subsidiaries and affiliates is a diversified international family entertainment and media enterprise. It operates through five business segments: Media Networks, Parks & Resorts, Studio Entertainment, Consumer Products and Interactive Media. The Media... More
Sector: Services
Industry: Entertainment - Diversified
Country: United States