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The Walt Disney Company (DIS)

  • Jan. 12, 2012, 5:19 PM
    Hulu CEO Jason Kilar takes to the site's blog to report revenues up 60% in 2011 to $420M. Hulu Plus now has 1.5M subscribers and he expects paying customers to account for more than half of the firm's overall business by later this year. By including advertising as part of the revenue stream, Kilar believes Hulu will eventually be able to pay 50% more to content providers than other online subscription services.
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  • Jan. 10, 2012, 10:44 AM
    A healthy 13% increase in visitors has Hong Kong Disneyland considering expansion, according to statements by execs. The Disney DIS -1.1%)-Hong Kong government JV looks to turn around a 6-year streak of reporting losses by bringing in more visitors from mainland China - even though the majority are relatively unfamiliar with Disney lore.
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  • Jan. 9, 2012, 6:30 PM
    Zynga (ZNGA -9.2%) ended an ugly day trading 20% below its IPO price. Aside from Playdom's (DIS) unveiling of Marvel: Avengers Alliance for Facebook, there wasn't any noteworthy news to move shares. But bearish opinions are easy to find: Dave Thier argues Zynga's problem is that rising customer expectations force it to develop more expensive games to generate the same amount of revenue, all while competition grows.
  • Jan. 9, 2012, 5:25 PM
    A deal between Google (GOOG) and cable operator Cox to add the latter's unsold ad inventory into a national pool sold by Google increases the reach of Google's TV ad network to 42M households. Jim Edwards thinks Google's TV ad efforts have the potential to disrupt the industry's inefficient, cartel-like structure, which serves to artificially inflate the ad rates charged by major TV networks.
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  • Jan. 9, 2012, 9:57 AM
    Even as Comcast (CMCSA) inks a broad-reaching deal with Disney (DIS) covering the distribution of ESPN content, the company's NBCUniversal division is taking aim at Disney's cash cow through the launch of NBC Sports Network. Soaring distribution costs for sports content, of which ESPN represents a large chunk, give pay-TV providers an incentive to achieve a measure of vertical integration.
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  • Jan. 6, 2012, 1:24 PM
    Zynga (ZNGA -2.2%) has had a rough week, and is making fresh post-IPO lows today. A possible culprit is a lack of enthusiasm for Zynga's just-launched Hidden Chronicles game. Paul Tassi notes the game bears a strong resemblance to Playdom's (DIS) wildly popular Gardens of Time, and sees it as evidence that Zynga "refuses to innovate in any way."
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  • Jan. 5, 2012, 5:41 PM
    Comcast's (CMCSA) wide-reaching distribution deal with Disney (DIS) could amount to a shot across Netflix's (NFLX) bow. Unlike mobile apps from other cable providers that only cover in-home viewing, Comcast now the right to stream live Disney programming to cable subscribers over the Web regardless of location, making it more of a direct rival to Netflix and other favorites of cord-cutters.
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  • Jan. 4, 2012, 2:13 PM
    Comcast (CMCSA) and Disney (DIS) have inked a long-term content distribution deal covering ABC, ESPN, and a number of related Disney properties. The deal encompasses both traditional cable and online content. It's estimated Disney receives an average of $4.69/month per household in distribution fees for ESPN alone.
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  • Jan. 4, 2012, 1:28 PM
    Meredith Corp. (MDP -2%) deepens its foray into the women-focused media space by acquiring FamilyFun magazine and related assets from Walt Disney Co.'s (DIS) publishing arm for an undisclosed sum. The magazine, which has an audience of about 6M, targets mothers with children ages 3 to 12 and focuses on family activities, such as cooking, crafts and travel.
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  • Dec. 30, 2011, 8:36 AM
    The Disney (DIS) indicator for the economy points up as Disney World is forced to freeze entries on 3 of its 4 Orlando parks for the 2nd straight day due to overwhelming crowds. The Orlando tourist board estimates 53.5M tourists visited the city in 2011, 1M more than 2010, but still not at pre-2008 levels.
  • 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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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.