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The Walt Disney Company (DIS)

  • Oct. 31, 2011, 8:38 AM
    Amazon (AMZN) boosts the number of titles available through its Prime Video streaming service to 13K, courtesy of a deal with Disney's (DIS) ABC division that grants Amazon access to a number of popular shows. The deal comes two weeks prior to the launch of the Kindle Fire, which features a 30-day free trial to Prime Video.
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  • Oct. 31, 2011, 4:23 AM
    A bit of cheer for beleagured Netflix (NFLX) as it extends its license agreement with Disney-ABC (DIS) to continue to stream TV shows over the Internet. The deal also gives Netflix new content, including Switched at Birth and Alias. (PR)
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  • Oct. 27, 2011, 10:58 AM
    Hannah Montana comes to Moscow: Disney (DIS +2.4%) says it landed a deal with UTH Russia to launch a family-oriented free-to-air channel in Russia with a reach of 40M households in urban markets.
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  • Oct. 13, 2011, 8:24 PM
    The sale is off, say the content-focused owners of video hub Hulu - including NWS, DIS and CMCSA - because of its "unique and compelling strategic value" to each of them. Most bids from the likes of AMZN, DISH and GOOG didn't exceed the $2B owners thought they could get in an IPO last year, and new efforts like the $7.99/month Hulu Plus have them thinking there's value ahead. (previously on Hulu)
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  • Oct. 13, 2011, 4:11 PM
    Miller Tabak's David Joyce weighs in (video) on Disney (DIS), saying a double-digit recession is a definite "fear factor" as he just barely keeps a Buy rating in place on shares. He points to the Parks division as showing the most weakness, after reports come in that more hotel rooms are being discounted and meals comped to lure visitors.
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  • Oct. 11, 2011, 5:33 PM
    Disney (DIS -1.2%) is trading at a discount to its sum-of-the-parts valuation, Caris analyst David Miller says in upgrading shares to Buy from Neutral; in fact, the market appears to be valuing only ESPN, the theme parks, the cruise line and cash, meaning investors get the rest of the businesses for free. Miller has a $45 price target on the stock.
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  • Oct. 11, 2011, 9:10 AM
    The NBA's decision to cancel the first two weeks of its season won't affect the lion's shares of advertising revenue the sport kicks up for Disney (DIS) and Time Warner (TWX) because the spending is heavily weighted towards the end of the season. On the other hand, if the entire season is a wash, more than $800M in advertising is at risk for cable operators. The last word from the Commish: "We just have a gulf that separates us."
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  • Oct. 7, 2011, 3:13 PM
    IHS estimates U.S. sales of DVD and Blu-Ray titles fell 14% in 1H '11, to $3.96B. Though hopeful 2H sales will be better, the slow adoption of Blu-Ray is proving a handicap for studios such as DIS, TWX, LGF, and MGM, and increasing the appeal of online distributors such as NFLX and AMZN as a way to monetize content.
  • Oct. 7, 2011, 1:23 PM
    Disney (DIS) Chairman of the Board John Pepper will step down in 2012 to be replaced by CEO Bob Iger. Additionally, Iger will step down as CEO in 2015, staying on as chairman until 2016. (PR)
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  • Oct. 6, 2011, 8:37 AM
    Disney (DIS) closes in on acquiring Indiagames, an Indian game developer valued between $80M-$100M that Disney already holds close to a 50% stake in. The move follows up recent statements to investors that the company is interested in growing its global footprint. Shares -0.2% premarket.
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  • Oct. 5, 2011, 1:14 PM
    Media shares are higher today, boosted by valuation upgrades of CBS (CBS +3.5%) and Walt Disney (DIS +2.8%) by Citigroup (I, II), and Roth's adding of Imax (IMAX +8%) to its focus list: AOL (AOL +5%), Time Warner (TWX +0.6%).
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  • Oct. 5, 2011, 8:10 AM
    Citi upgrades Disney (DIS) to a Buy rating from Hold with a $36 price target on shares. Analysts with the firm cite valuation, assigning a multiple of 13X forward earnings to derive their PT. Shares +1.1% premarket.
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  • Oct. 3, 2011, 9:41 AM
    Yahoo (YHOO) momentarily draws attention away from its M&A soap opera by forming a partnership with ABC News (DIS). The deal will make ABC News the "premier news provider" for Yahoo News, and result in ABC developing a "new original web series" for Yahoo. Yahoo News is the most popular news site in the U.S., with traffic slightly higher than (TWX).
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  • Sep. 28, 2011, 7:50 AM
    Quick take on a la carte cable: If cable providers are able to make the transition, it could be devastating to a network owner such as DIS, which reportedly gets $4/month per subscriber for ESPN, whether or not a subscriber cares for it. But it could also open the door for channel subscriptions to be sold to online video providers such as AAPL, GOOG, and NFLX.
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  • Sep. 28, 2011, 7:49 AM
    After years of resisting, cable providers are now working on a plan to allow customers to subscribe to channels on an individual, or "a la carte," basis. Providers have warmed to the idea thanks to soaring content costs and growing subscriber losses. Cable network owners such as DIS and TWX can be expected to fiercely oppose the idea.
  • Sep. 27, 2011, 8:29 AM
    According to BI's sources, Dish Network (DISH) made the highest offer for Hulu during the first round of bidding for the company, at $1.9B. Google (GOOG), however, made an informal offer of $4B in exchange for more lucrative content licensing rights. Hulu's owners are reportedly now on the fence about selling the video site.
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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.