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The Walt Disney Company (DIS)

  • Dec. 27, 2011, 1:00 PM
    Indian media company UTV Software Communications, which is set to be bought out by Walt Disney (DIS +0.1%), says it may transfer its rights to negotiate a deal for acquiring the stake it doesn't already own in its gaming software unit, UTV Indiagames. However, the company says the transfer will happen only if Disney buys out and delists UTV Software.
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  • Dec. 23, 2011, 2:22 PM
    The controversy regarding the online piracy bill dubbed SOPA swirling around Capitol Hill hits warp speed with the release by the House Judiciary Committee of the names of the firms that are supporting the bill (.pdf). Though the issue slices across political persuasions - at its core support hinges on whether a company benefits from a "free" internet with loose online piracy rules such as AOL, GOOG, Facebook, and domain hosting firms or loses out from reproduced content along the likes of DIS, SNE, and TWX.
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  • Dec. 22, 2011, 7:52 AM
    Facebook's list of the 10 most popular social games in 2011 provides evidence of how Zynga's (ZNGA) dominance of the market is fraying. While Zynga's games claimed 4 spots on the list (#3 and #5-7), the top spot went to Gardens of Time, a product of Disney's (DIS) Playdom subsidiary, and the second position went to Electronic Arts' (EA) recently-launched The Sims Social. (mobile apps)
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  • Dec. 13, 2011, 8:13 AM
    eMarketer estimates the average American now spends 4:34/day watching TV, a figure that's actually up 10 minutes from last year. Internet usage rose by 12 minutes, to 2:47/day, while newspaper and magazine usage both declined. It's noted that mobile devices still command a disproportionately small share of ad budgets relative to their usage rate, leaving plenty of room for growth. (Nielsen data)
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  • Dec. 6, 2011, 10:55 AM
    The National Football League is close to signing eight-year extensions of deals with Fox (NWSA), NBC (CMCSA) and CBS that should amass ~$3.2B/year from its broadcast partners, a 60% increase over its prior contract, WSJ reports. Adding other deals with ESPN (DIS) and DirecTV (DTV), the NFL can expect to lock in total average annual media fees of ~$6B.
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  • Dec. 2, 2011, 3:59 PM
    MarketWatch's Jeff Reeves jumps firmly on the Disney (DIS +2%) bandwagon, noting that while all the buzz (I, II) is about the juicy 50% dividend hike and the firm's promising movie pipeline the real value for long-term investors might be found with some good ole fundamental-style number crunching provided by InvestorPlace's Lawrence Meyer: "If we put an 15 P/E on Disney, then, on projected 2015 earnings of $4.43 per share, and factor in 1.2% compounded dividend yield reinvested, we get a price target of $72."
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  • Dec. 2, 2011, 10:53 AM
    Disney (DIS +1.9%) is outperforming today, and a positive Barron's mention could be playing a role. The paper thinks Disney's recent dividend hike could be a sign of things to come, given its strong cash flow, and believes its current share price doesn't appear to "fully reflect the good news."
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  • Dec. 1, 2011, 12:27 PM
    Mark Hulbert views Walt Disney's (DIS +0.4%) 50% dividend hike as a vote of confidence in the company’s future and a "very bullish development" for the broader economy: "Disney is in the entertainment business. Its profitability would suffer if the economy were about to go into a sustained downturn... to that extent, management’s vote of confidence extends to the economy as a whole."
  • Nov. 30, 2011, 4:24 PM
    Disney (DIS +5.4%) rises slightly AH after announcing an annual dividend of $0.60/share, up 50% from last year's $0.40/share. The dividend translates into an annual yield of 1.6%. Tim McAleenan argued in September that Disney needs to rethink its dividend policy - both in terms of increasing its yield, and shifting to a quarterly payout.
  • Nov. 29, 2011, 12:56 PM
    More on Disney's (DIS +0.5%) bond offering (previous): Fitch Ratings pitches in to help lower Disney's borrowing costs by assigning an 'A' rating to the company's proposed 3-year and 30-year senior unsecured notes. The agency cites Disney's ability to "consistently leverage and monetize its brands and characters"in offering up its solid rating.
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  • Nov. 29, 2011, 12:49 PM
    Disney (DIS +0.4%) plans to sell bonds again this year after selling issues for $1.85B in August and another $500M in May. According to an inside source, the company will sell 3-year and 30-year maturities for at least $500M a pop.
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  • Nov. 22, 2011, 11:23 AM
    Disney (DIS -1.8%) is announcing a shakeup at its valuable ESPN unit: George Bodenheimer is being kicked upstairs to the role of Executive Chairman, and content VP John Skipper is replacing Bodenheimer as the unit's President. ESPN has been a major growth engine for Disney, and played a key role in the strong performance of its Media Networks division in FQ4.
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  • Nov. 15, 2011, 4:52 PM
    Apple (AAPL) names board member Arthur Levinson as non-executive chairman, replacing Steve Jobs. Additionally, Disney (DIS) CEO Bob Iger joins the board, where he will serve on the audit committee. (PR)
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  • Nov. 15, 2011, 10:54 AM
    S&P releases a report (.pdf) on the impact of the NBA lockout, saying media companies such as DIS and TWX are braced to absorb the impact of short to mid-term cancellation of games with advertising revenue heavily-weighted toward the end of the season. "We believe the impact of the work stoppage may be worse if the owners and players cannot agree to a new collective bargaining agreement and the entire season is lost, especially for the project-financed arenas."
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  • Nov. 14, 2011, 10:05 AM
    Disney (DIS) is acquiring Babble Media, a "leading online parenting platform featuring more than 200 mom bloggers," and plans to integrate Babble's blogs with its existing family-focused content. A BI source claims Disney paid $40M-$45M for Babble.
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  • Nov. 11, 2011, 3:54 PM
    Hold the pixie dust for a minute. Although Walt Disney (DIS +6.1%) continues to pace S&P gainers after the company beat expectations for its FQ4, Goldman Sachs analyst Drew Borst thinks theme park revenue growth may begin to tail off: “In the current quarter, room reservations are flat Y/Y, and room rates are up low single digits, now that prices have normalized." (earlier: I, II)
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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.