The Walt Disney Company

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  • May 6, 2013, 5:52 AM

    Disney's (DIS) "Iron Man 3" has raked in $680.1M in worldwide sales in the 12 days since its release, including $175.3M over its debut weekend in the U.S. and Canada. Only last year's "The Avengers" - which also includes the Iron Man character - has generated more money on its opening weekend, highlighting the success of Disney's "branded tent-pole" film strategy.

    | May 6, 2013, 5:52 AM | 1 Comment
  • May 5, 2013, 11:56 AM

    Box office roundup: 1) Revenue continues to pour in at a breakneck pace for Disney's (DIS) Iron Man 3. Early estimates for the movie's opening U.S. weekend are for a $170M haul  (vs.  ~$150M consensus) to push global sales for the film to over $360M. 2) Keep an eye on IMAX (IMAX). The company is seeing the percentage of moviegoers in the U.S. choosing to see big tentpole films in the big-screen format increase - including an impressive 10% this weekend for Iron Man 3. 3) Analysts at Cowen and Co. think Warner Bros. (TWX) could have a big summer with The Hangover Part III and The Great Gatsby set up to beat estimates while they warn DreamWorks Animation (DWA) could struggle with 3D computer-animated film Turbo facing serious competition.

    | May 5, 2013, 11:56 AM | 4 Comments
  • May 3, 2013, 10:49 AM

    The major broadcast networks aren't giving up the summer months to cable rivals (and Netflix?) this year and plan to keep a fresh slate of programming in front of viewers. Leading the charge is CBS (CBS +0.8%) with the Stephen King-inspired Under the Dome scheduled to debut in June. What to watch: With new programs come higher development and marketing costs. How much will Comcast (CMCSA +1.3%), News Corp (NWSA +1.3%), and Disney (DIS +0.7%) invest in the summer ventures of their broadcast TV properties and will it be enough?

    | May 3, 2013, 10:49 AM | 1 Comment
  • May 2, 2013, 12:31 PM

    Disney's (DIS +0.7%) Iron Man 3 recorded the largest box office opening ever in China with a $21M haul, according to early reports. That puts the film's total global box office take at $300M with all of North America yet to have seen the film released. Estimates for Disney's FQ2 factor in a big showing for the film, but Iron Man 3 is on course to juice the quarter even more.

    | May 2, 2013, 12:31 PM | 1 Comment
  • May 1, 2013, 9:17 AM

    Disney (DIS) is hopping mad that the Chinese government wants to add a new tax on studio profits in the nation. Under the negotiated terms of a trade agreement between China and the U.S., studios where expecting to receive 25% of box office revenue back (up from 13%-15%) without seeing any additional taxes. The timing isn't great for Disney with Iron Man 3 expected to do very well in China.

    | May 1, 2013, 9:17 AM | 7 Comments
  • Apr. 30, 2013, 1:29 PM

    BTIG wants to know why major media companies aren't more focused on driving ratings higher by making content more accessible on platforms where competition is light. According to the investment firm, it's starting to feel like the obsession over protecting retransmission fees from cable/satellite operators is overriding the potential riches of growing advertising in new ways. (research report subscription required)

    | Apr. 30, 2013, 1:29 PM
  • Apr. 30, 2013, 11:08 AM
    Hulu (DIS, NWS, CMCSA) discloses at a media conference that it has doubled the number of paying subscribers to its Hulu Plus service to over four million in the last year. The media venture continues to stay relevant by resurrecting canceled shows (All My Children, One Life to Live), planning original content, and licensing popular shows.
    | Apr. 30, 2013, 11:08 AM | 1 Comment
  • Apr. 29, 2013, 1:48 PM

    Barry Diller had some intriguing comments on upstart Aereo during a Bloomberg TV interview: 1) If the legal battles go Aereo's way, Diller sees a radical revolution where consumers have one wire into their house. Think cord-cutting on steroids - potentially good for Netflix (NFLX -0.1%) but clearly bad for broadcasters (CBS, CMCSA, DIS, AMCX). 2) Aereo could be profitable at 10M-20M subscribers. 3) What about media heavyweights such as News Corp (NWS, NWSA) threatening the nuclear option of going to cable? Diller thinks it's a grab for fees that won't play well for consumers. (video)

    | Apr. 29, 2013, 1:48 PM | 10 Comments
  • Apr. 29, 2013, 10:23 AM
    UBS ups it ratings on Disney (DIS +2%) to Buy from Neutral on its view it's still early in the game for the company' acquisition-based (Marvel, Pixar, Lucasfilm) earnings growth cycle. The firm missed out on Disney's +26% YTD run - but thinks investors should still jump on board.
    | Apr. 29, 2013, 10:23 AM | 1 Comment
  • Apr. 25, 2013, 2:31 PM
    Disney (DIS -0.1%) settles its dispute with exhibitor AMC Entertainment in a deal which will allow advance tickets for next week's debut of Iron Man 3 to be sold at AMC theaters. Cinemark Holdings (CNK +0.6%) and Regal Entertainment (RGC +0.9%) are reported to close to finalizing a deal with Disney. The issue cropped up when Disney tried to flex its muscles and grab a higher share of the box office for its films with an eye on a long string of Star Wars movies slated for the future. Which side blinked first hasn't been disclosed yet.
    | Apr. 25, 2013, 2:31 PM
  • Apr. 25, 2013, 1:16 PM
    Time Warner Cable (TWC -0.2%) CEO Glenn Britt delivered a sobering thought for media concerns during the company's earnings call (transcript). The exec says if Aereo becomes legal it would have a "significant impact" on the future of transmission fees. The quick uptake is that the development would be good for cable/satellite players (CVC, DTV, CHTR, DISH), but bad for broadcasters (DIS, CBS, CMCSA, AMCX, NWS) (h/t Rich Greenfield BTIG)
    | Apr. 25, 2013, 1:16 PM | 2 Comments
  • Apr. 25, 2013, 10:43 AM

    China increasingly becomes part of the matrix when evaluating future growth opportunities for Disney (DIS). Although the opening is over two years away, reports from Chinese media outlets indicate the buzz is already growing for the opening of Shanghai Disneyland. The most important new development is that the municipal government approved an extension of a rail line to Xujahui which puts millions more Chinese consumers within a subway ride of the amusement park. (Previous: China greenlights Iron Man 3)

    | Apr. 25, 2013, 10:43 AM | 2 Comments
  • Apr. 25, 2013, 7:37 AM

    A group of theater chains including AMC Entertainment, Cinemark Holdings (CNK), and Regal Entertainment (RGC) are taking a hard line in negotiations with Disney (DIS) over how ticket revenue is shared by not offering advance ticket sales for Iron Man 3 and curtailing promotions for the movie. The chains claim Disney wants up to 65% of the box office take - instead of the typical 50% to 55% cut.

    | Apr. 25, 2013, 7:37 AM
  • Apr. 25, 2013, 7:06 AM
    Disney (DIS) has permission to open Iron Man 3 in China on May 3 with expectations high the film will do well in the nation. In order to hedge its bet, Disney created a second version of the movie just for China with extra Chinese actors and footage from the region.
    | Apr. 25, 2013, 7:06 AM
  • Apr. 24, 2013, 10:05 AM

    The buzz from Madison Avenue is that upfront pricing for TV ads will show their slowest gain since the economic downturn this year. Last year, broadcasters ABC (DIS), CBS (CBS), NBC (CMCSA) and Fox (NWS, NWSA) were able to realize ad rate increases of 5% to 9% - but a ratings slump and the emergence of online video alternatives is taking a bigger bite from demand in 2013.

    | Apr. 24, 2013, 10:05 AM
  • Apr. 22, 2013, 12:53 PM

    The local operator of Tokyo Disney Resort is set to post record profits of $804M for the fiscal year ending March 31. Though Disney (DIS +0.1%) doesn't own a stake in the venture, it generates a healthy amount of licensing fees off the theme park. What to watch: The popularity of the company's franchise characters in Asia are increasingly important with Shanghai Disney slated to open in 2015 to high expectations.

    | Apr. 22, 2013, 12:53 PM
Company Description
Walt Disney Co together with its subsidiaries is a diversified entertainment company with operations in five business segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive.