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The Walt Disney Company (DIS)

  • Sep. 23, 2011, 1:46 PM
    DirecTV (DTV) and Time Warner Cable (TWC) are lobbying the FCC to rewrite its rules for retransmitting broadcast TV channels. The current rules allow broadcasters such as DIS, NWS, CBS, and CMCSA's NBC unit to charge hefty retransmission fees; and that, in turn, has led to showdowns with cable and satellite providers.
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  • Sep. 23, 2011, 12:48 PM
    The NBA indefinitely postpones training camp and 43 preseason games, as the chance for a full-fledged regular season work stoppage (no ticket sales, less merchandising and limited advertising) increases. For firms with some revenue tied to the NBA - including MSG, DIS, CBS, CMCSA, NWSA, NKE, and BUD - is a stoppage already baked into their stock prices?
  • Sep. 23, 2011, 10:06 AM
    A report saying Disney (DIS) was one of the companies contacted to buy all or part of Yahoo (YHOO +1.5%) isn't quite exciting investors. Shares of DIS are down 0.8% vs gains registering on major indices.
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  • Sep. 22, 2011, 5:20 PM
    Disney (DIS), whose interactive media unit delivered big losses thanks to console gaming flops, is hoping a push into mobile gaming will pay off. Though average selling prices for mobile games are much lower than those for console games, titles require far fewer developers to make, and can be brought to market in much less time. (previously)
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  • Sep. 22, 2011, 4:09 PM
    BI's sources claim Yahoo's (YHOO) board hasn't begun its search for a Carol Bartz replacement. Instead, the board has spent its time reaching out to PE and media firms interested in buying all or part of the company, though the PE firms have little interest in Yahoo's core business. The contacted media companies include DIS and NWS.
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  • Sep. 22, 2011, 9:41 AM
    Hulu's CEO declares the company has over 1M subscribers to its Hulu Plus service, as the video site's owners wait for a new round of bids to arrive. However, this figure still puts Hulu well behind the 22M streaming subscribers claimed by Netflix (NFLX), which, unlike Hulu Plus, doesn't include ads in its streaming content.
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  • Sep. 20, 2011, 4:13 PM
    A coalition of companies including Boeing (BA), FedEx (FDX) and Disney (DIS) organize an umbrella group to lobby Congress for lower corporate tax rates. The group also sent a letter to Pres. Obama saying the firms' execs would be willing to support closing tax breaks as a compromise for a reduced corporate tax rate from its highest level of 35%.
  • Sep. 19, 2011, 8:48 AM
    Though a new round of bids should arrive next week, Hulu's sale is reportedly in jeopardy, thanks to differences over the video site's selling price and content rights, as well as rumored bidder Yahoo's (YHOO) ongoing turmoil. Other parties believed to be courting Hulu include GOOG, AMZN, DTV, and DISH.
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  • Sep. 13, 2011, 2:34 PM
    Amusement park operators edge out only small attendance gains in an unimpressive summer run. Timing was terrible for the industry says one analyst, "Gas prices spiked at [the] wrong time, consumer confidence began to wane at the wrong time, and regional parks had to rely on season passes to maintain revenues." Attendance: Cedar Fair FUN +2%, DIS unspecified gain, SIX flat.
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  • Sep. 9, 2011, 3:01 PM
    Disney (DIS -3.5%) decides to merge sales of DVDs, toys, apparel and videogames into one group with an eye on selling to big-box retailers. A current exec, Robert Chapek, will head up the division with a mission to develop a "consolidated approach to retail resulting in a more efficient and effective organization."
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  • Sep. 8, 2011, 12:51 PM
    Disney's (DIS -1.2%) ESPN extends a deal with the NFL through 2021 for $15.2B. The deal lets the network extend coverage - possibly into playoffs - and allows it to stream programming to Verizon (VZ -0.2%) cellphones.
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  • Sep. 7, 2011, 8:18 AM
    Barclays' Anthony DiClemente is slashing his forecast for the U.S. advertising market, and believes print media such as newspapers and directories will be especially hard-hit - that's not something NYT and WPO want to hear. However, in a positive for the likes of GOOG and DIS, DiClemente thinks online and TV ad spending will be relatively resilient.
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  • Sep. 6, 2011, 3:43 PM
    Peter Kafka confirms the Financial Times' report that the formal bidding for Hulu is down to AMZN, YHOO, and DISH. However, Kafka also claims Google (GOOG) is interested in making a bigger deal than the one Hulu's owners have been trying to swing - perhaps for "more content, for a longer period of time," and at a higher price.
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  • Sep. 6, 2011, 8:15 AM
    The Financial Times recently claimed the battle to acquire Hulu is down to AMZN, YHOO, and DISH, after DTV pulled out of the running. However, Bloomberg's source tells it Hulu "has received as many as five first-round bids," while adding that Hulu is willing to give the acquirer two years of exclusive access to TV content. (previously)
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  • Sep. 2, 2011, 7:42 AM
    Netflix's (NFLX) loss of Starz content "illustrates the market power still enjoyed by cable operators over the content studios," and could slow the advance of OTT video, harming Hulu (NWS, DIS, CMCSA) and even Amazon (AMZN), ThinkEquity says. Possible beneficiaries: cable infrastructure suppliers like Harmonic (HLIT).
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  • Aug. 31, 2011, 5:38 PM
    Business Insider claims six companies have made informal bids for Hulu, with most coming at the upper end of a range of $500M-$2B. GOOG, AMZN, and YHOO are considered among the most interested parties, while AAPL and MSFT declined to make bids. One source claims Yahoo's offer could be torpedoed by its board. (previously)
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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.