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The Walt Disney Company (DIS)

  • Dec. 4, 2012, 3:42 PM
    Regulators clear the purchase by Disney (DIS +0.1%) of Lucasfilm for $4B, paving the way for the company to start explicitly cashing on in the Star Wars franchise. Sequels to the six-part movie series will start rolling out in 2015, but theme park and merchandising tie-ins will ramp up well before then.
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  • Dec. 4, 2012, 2:05 PM
    More on the Netflix-Disney deal: The agreement will begin with 2016 theater releases from studios under the Disney umbrella including Pixar, Marvel, and Walt Disney Animation. Netflix subscribers will be able to watch the selected titles ~7 months after release on a variety of platforms. In addition, older Disney titles will be added to the firm's mix of movies. Quick analyst take: On the positive side, it's a major coup for Netflix that's likely to separate it a bit from the crowded pack of streaming options. On the other hand, the deal doesn't launch for 3 years and with financial terms undisclosed, analysis is handcuffed.
  • Nov. 30, 2012, 11:06 AM
    Disney (DIS -0.2%) chief Alan Horn gives some insight on plans over Star Wars: Episode VII, saying the film will have at its director named soon. The Star Wars revenue machine won't stand idle until the movie's 2015 release, Angry Birds Star Wars is already listed as the most popular iPhone gaming app and theme parks will soon be infused with more Star Wars merchandising and rides.
  • Nov. 29, 2012, 7:30 AM
    Disney (DIS) moves up 1.1% premarket after raising its annual dividend by 25%. The bump is higher than what analysts saw coming from the company with the $4B Lucasfilm purchase in the hopper.
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  • Nov. 28, 2012, 4:15 PM
    Disney (DIS) declares $0.75/share annual dividend, 25% increase from prior dividend of $0.60. Forward yield 1.53%. For shareholders of record Dec 10. Payable Dec 28. Ex-div date Dec 06. Shares +0.7% AH. (PR)
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  • Nov. 28, 2012, 7:47 AM
    Fitch gives Disney's (DIS) proposed offering of new bonds an A rating. The company sold $3B in bonds with maturities covering 3-years, 5-years, 10-years, and 30-years. The nod from Fitch, though not unexpected, is still important with the $4B purchase of Lucasfilm on tap.
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  • Nov. 28, 2012, 3:33 AM
    Bond issuance from investment-grade companies has reached $109B so far this month, a record for November. Disney (DIS), Murphy Oil (MUR) and six others are the latest to take advantage of low rates and high demand, selling $10.15B worth of debt yesterday. Murphy is an example of a company that raises debt to fund buybacks and/or dividend payouts ahead of an expected hike in dividend taxes next year.
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  • Nov. 26, 2012, 5:24 AM
    Sales of cinema tickets over the five-day Thanksgiving period starting on Wednesday hit a record $290M. Lions Gate's (LGF) "The Twilight Saga: Breaking Dawn, Part 2" led the way with $64M, bringing the film's total domestic revenue to $227M, while Sony's (SNE) "Skyfall," generated $51M, and Fox's (NWS) "Life of Pie" $30.2M.
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  • Nov. 21, 2012, 2:01 PM
    ESPN (DIS) reaches a 12-year deal - supposedly in the area of $500M/year - to be the exclusive broadcaster for the college football playoff system set to begin in the 2014-15 season. Combined with previous deals garnering the Rose, Sugar, and Orange bowls, ESPN has the rights to the entire postseason arrangement.
  • Nov. 20, 2012, 2:23 PM
    Home run or strikeout? Sanford Bernstein analyst Todd Juenger crunches the numbers to find Disney's (DIS +0.6%) ESPN property should be worth close to $66B based on the math flowing out of News Corp.'s investment in the Yes Network. Taking Juenger's leap of faith a step further, either Disney is seriously undervalued at a $86.5B market cap or News Corp. overpaid for its stake in the sports network.
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  • Nov. 20, 2012, 9:50 AM
    Disney (DIS +0.1%) quietly ends its online movie service after the business didn't generate the number of users the company anticipated. It's by no means an end to the company's ambitions in the area with a broader online movie service still under development. Expect the next iteration of the service to leverage the Marvel and Star Wars properties along with Disney classics.
  • Nov. 15, 2012, 1:51 PM
    Broadcast news: Fresh data on the habits of TV viewers trashes the idea brought up by industry execs (conference calls: DIS, CBS, NWS) that the declining number of live viewers of TV shows is a result of digital video recorders after both mediums showed generally comparable falloffs in audiences over a month-long period. A more likely reason for the strengthening trend of sagging ratings is the lure of video on demand and Internet content options.
  • Nov. 13, 2012, 4:20 AM
    Average primetime ratings for live and same-day viewing among 18-49-year-olds have slumped by over 10% for ABC (DIS), CBS (CBS) and Fox (NWS) this season, UBS finds. However, Comcast's NBC is up 22%. TV execs attribute the fall to consumers watching shows at their own convenience, although Disney CEO Bob Iger admits that the absence of "new, big, real, buzz-worthy hits" might have something to do with it.
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  • Nov. 12, 2012, 8:00 AM
    Sony's (SNE) Skyfall earned $87.8M, marking an opening weekend record for the James Bond franchise. The global box office haul is already north of $428M, showing the incredible value if a studio can successfully refresh a tired film series (Disney (DIS) and Star Wars next?) with a new angle.
  • Nov. 9, 2012, 12:54 PM
    Disney (DIS -5.3%) continues to trade lower as a host of analysts lower their expectations for the company primarily due to fears advertising revenue could be under pressure. Comments from execs on yesterday's earnings call (transcript) highlighted the idea the company is transitioning from an investment phase (Lucasfilm, Cars Land, Disneyland) into a growth mode. Reading between the lines of analyst comments, Disney investors may have to play a waiting game for those investments to pay dividends and for the economy to turn around to help drive revenue higher.
  • Nov. 9, 2012, 9:10 AM
    Premarket gainers: ZIP +27%. KYAK +26%. LGF +9%. ENR +8%. PSTI +8%. IGT +7%. WCRX +6%. ISIS +5%.
    Losers: GRPN -23%. MTG -15%. ARRY -12%. PGRX -12%. SPRD -10%. JCP -8%. PVR -6%. CPIX -5%. DIS -5%.
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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.