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The Walt Disney Company (DIS)

  • 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.
    | Nov. 29, 2012, 7:30 AM | Comment!
  • 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)
    | Nov. 28, 2012, 4:15 PM | 1 Comment
  • 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.
    | Nov. 28, 2012, 7:47 AM | Comment!
  • 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.
    | Nov. 28, 2012, 3:33 AM | Comment!
  • 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.
    | Nov. 26, 2012, 5:24 AM | 1 Comment
  • 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. 21, 2012, 2:01 PM | 3 Comments
  • 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.
    | Nov. 20, 2012, 2:23 PM | 1 Comment
  • 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. 20, 2012, 9:50 AM | 2 Comments
  • 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. 15, 2012, 1:51 PM | 5 Comments
  • 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.
    | Nov. 13, 2012, 4:20 AM | Comment!
  • 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. 12, 2012, 8:00 AM | 2 Comments
  • 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, 12:54 PM | 8 Comments
  • 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%.
    | Nov. 9, 2012, 9:10 AM | 1 Comment
  • Nov. 9, 2012, 8:39 AM
    Needham is the latest investment firm to step out to quash rumors Disney (DIS) will buy Hasbro (HAS). The general consensus is that although the Disney juggernaut would love to take advantage of the direct merchandising opportunities it could realize with a purchase, the toy company trades with a market cap of $4.85B which would make a winning bid too pricey with the Lucasfilm buy still two years away from being accretive to Disney's earnings.
    | Nov. 9, 2012, 8:39 AM | Comment!
  • Nov. 8, 2012, 4:26 PM
    More on Disney's (DIS) FQ4: Another quarter with growth gains driven by the ESPN family of networks, helping to offset in part a drop in Studio Entertainment revenue and weak advertising trends. Parks and Resorts revenue up 10% Y/Y to $12.92B as higher guest spending balanced increased operating costs. On CNBC, CEO Bob Iger notes as soon as the Lucasfilm deal closes the company can initiate projects that will add revenue, but sticks by a forecast the deal won't be accretive until after two years. Shares -1.9% AH. (PR)
    | Nov. 8, 2012, 4:26 PM | Comment!
  • Nov. 8, 2012, 4:19 PM
    Walt Disney (DIS): FQ4 EPS of $0.68 in-line. Revenue of $10.78B (+4% Y/Y) misses by $140M. Shares -1.4% AH. (PR)
    | Nov. 8, 2012, 4:19 PM | 9 Comments
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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.