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The Walt Disney Company (DIS)

  • Sep. 21, 2012, 11:34 AM
    Disney (DIS +1%) won't sell short the idea that its Avengers property will drive revenue through a wide variety of channels. While holiday season merchandising is a no-brainer, the company also sees sales from social games, animated/live action series, and sequels galore derived the Avengers characters. At the Goldman Sachs Communacopia Conference exec Jay Rasulo called it the "Disney machine" in action, and by all indications the global box office take of $1.5B for the original film is just a start for the valuable franchise.
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  • Sep. 20, 2012, 10:52 AM
    Disney (DIS -0.1%) exec Jay Rasulo notes at the Goldman Sachs Communacopia Conference that growth engines are still alive at the company with a number of new projects expected to earn 15%-20% IRR. The company will continue to invest in theme parks, including in Avatar Land at Animal Kingdom and renovations at Magic Kingdom. Rasulo says occupancy rates and spending has improved at U.S. theme parks into September, while debt-laden Euro Disney has been given a lifeline with a new loan that could help improve results. (webcast)
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  • Sep. 19, 2012, 6:59 AM
    Amusement park operators continue to fly high with concentrated bets Six Flags (SIX) and Cedar Fair (FUN) hitting multi-year highs recently, while diversified Disney (DIS) rode its theme park results to hit an all-time high. After a few rocky years of wobbling revenue, changes in management and restructured balance sheets have helped turn the sector around.
  • Sep. 14, 2012, 2:44 PM
    Life after DVDs: Though the market for DVDs is on life support with digital options proliferating, movie studios might not miss a beat with over 200 cable, satellite, and Internet services now offering post-theatrical movie viewing options. The next wave could see heavyweights players such as CBS, Netflix, Coinstar, Amazon, and Apple start bidding even higher to land exclusive rights to premium content or move in the other direction to invest in their own original programming
  • Sep. 13, 2012, 1:23 PM
    Also from Disney (DIS +1%) at the Bank of America Merrill Lynch Investment Conference: CFO Jay Rasulo says advertising buys didn't immediately jump back after the Olympics lull, but still sees positive trends for future quarters. He confidently notes that retailers have now learned their lesson by undervaluing the power of The Avengers with consumers and will jump in full force with merchandising for the holiday period as well as down the road with sequels. As for repurchased stock, Rasulo says buyback in FY12 should total $3B. (webcast.
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  • Sep. 13, 2012, 10:49 AM
    Disney (DIS +0.9%) faces legal action over claims that ABC News misled consumers with its coverage of the "pink slime" additive that's routinely added to meat products. A South Dakota-based meat processor - The Dakota Dunes - filed a lawsuit asking for $1.2B in damages. (pink slime timeline)
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  • Sep. 10, 2012, 8:11 AM
    The summertime blues extend to the weekend after Labor Day for the movie industry, as no movie grossed over $10M and early estimates place the industry's box office haul as the worst since 2003. In particular, family films and late-night showings still haven't fully bounced back from early summer levels.
  • Sep. 6, 2012, 8:35 AM
    Disney (DIS) plans to open its first Disney Baby retail store in California as its tries to build out a new brand of baby products. The company hopes that items such as Peeking Pooh Premiere Crib Bumpers priced at $69.99 will saturate baby rooms from coast to coast in the near future. Who's to argue? Disney set an all-time high yesterday and appears to be firing on all cylinders.
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  • Sep. 5, 2012, 2:37 PM
    Shares of Disney (DIS +2.5%) trace out a new all-time high with the Street still firmly backing the House of Mouse to see even further gains. Though theme parks, ESPN, and Marvel Studios continue to be the rock stars behind the company's consistent revenue growth - clever deals in new areas also keep the Disney pipeline fresh. The latest is a venture to supply Nokia with edgy content and apps for its smartphones as the Finnish company trails far behind Apple and Google.
  • Sep. 5, 2012, 9:12 AM
    The amount of money that China's Wanda Group has socked away to put into acquisitions and investments in the entertainment business certainly isn't anything to sneeze at with reports out that the number could run as high as $30B. Wanda's Chairman is currently in L.A. meeting with execs from five major movie companies. The likely suspects: DIS, CMCSA, TWX, VIAB, LGF. (Previous: Wanda Group looks for theater chains to buy)
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  • Sep. 4, 2012, 7:28 AM
    The Labor Day weekend didn't lift the movie industry out of its summer doldrums at the box office, but execs remain optimistic that the industry is still in good shape. Though the Olympics and the Colorado theater shooting both impacted attendance, YTD box office totals are still running ahead of last year's totals and a number of movie franchises have blockbuster sequels lined up. Studios: TWX, DIS, LGF, VIAB, SNE, DWA, CMCSA. Operators: RGC, CNK, MCS, RLD.
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  • Sep. 3, 2012, 8:30 AM
    North American cinema ticket sales -3% to $4.28B between the first full weekend in May and Labor day, the first summer decline in seven years. Attendance -4% to 533M people, the lowest since at least 1993, when independent records began. The decline comes after ticket prices increase, and despite the success of blockbusters such as "The Avengers" and "The Dark Knight Rises."
  • Aug. 30, 2012, 2:43 PM
    Disney (DIS -0.9%) looks to squeeze a bit extra out of mega-hit The Avengers this weekend, with a major push to 1700 theaters over the Labor Day weekend. If all goes according to plan, this weekend the film will overtake Titanic to become the #2 highest-grossing movie of all time.
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  • Aug. 28, 2012, 1:10 PM
    Sports juggernaut ESPN (DIS -0.5%) reaches a new $5.6B deal with major league baseball, reported by Bloomberg to include additional games and digital rights. It's another coup for the network as it beats back a new challenger in NBC Sports Network and looks to keep pushing its industry-leading subscription fees higher and higher with its dominant position.
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  • Aug. 28, 2012, 8:08 AM
    Is Disney (DIS) firing on all cylinders? CEO Robert Iger certainly makes a compelling case in an interview with the WSJ where he explains how the roaring successes of The Avengers and ESPN aren't just seasonal blips or coincidental timing, but the result of savvy investments. The exec says that still on tap to drive Disney's revenue even higher are new cruise ships, Avenger-related sequels, refreshed theme parks, and a $4.4B complex in Shanghai.
  • Aug. 27, 2012, 11:09 AM
    The weekend's box office numbers saw a bit of a surprise when political documentary 2016: Obama’s America edged into the mix with an estimated $6.238M haul to beat several big studio debuts. Despite the unexpected surge in the film, the overall theme from the weekend is that the late summer doldrums are now in full swing and that the industry still hasn't been fully recharged since the Colorado theater shooting in July. Seeing the August movie slump: DIS, LGF, VIAB, SNE, TWX, CMCSA.
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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.