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The Walt Disney Company (DIS)

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  • Mar. 21, 2012, 8:37 AM
    Nomura adds Disney (DIS) to its Conviction Buy list as the company puts the John Carter flop in its rear-view mirror. Analysts with the firm point to Disney's strong core assets and enticing valuation. Shares +0.2% premarket.
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  • Mar. 20, 2012, 2:46 PM
    Bernstein is out defending Disney (DIS -0.5%) today, saying the shares should be bought on any weakness. The John Carter film has caused all the damage it could, and it doesn't expect the company to suffer any further impact. The firm maintains its $50 target and Outperform rating on the stock.
  • Mar. 19, 2012, 4:50 PM
    Disney (DIS) says it will take a $200M write-down related to the mega-flop John Carter, worse than the $120M-$160M forecast by analysts. The loss will result in Disney's studio division reporting an operating loss of $80M-$120M in the March quarter, compared with a $77M operating profit in the December quarter. Disney hopes The Avengers and Pixar's Brave will give its studio ops a lift later this year.
  • Mar. 15, 2012, 4:49 PM
    TV broadcasters are upset about an FCC proposal that would make them post online their pricing information about political ads. The networks say it isn't fair to make them post ad rates when other recipients of political ad dollars, including cable TV and websites, get a pass. Political advertising on television is expected to reach ~$3.2B this election season.
  • Mar. 15, 2012, 1:35 PM
    Not only does Disney's (DIS -0.4%) Where's My Water game feature its first character to ever debut in a mobile game, it also claims the honor of being the 25 billionth download from the iTunes store. Dazzled by the potential, Disney execs now have their heads spinning over the notion that a small development team could one day develop a game that reaches 1B people at nearly no cost and brand a new iconic character along the way. But will Rovio beat it to the punch?
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  • Mar. 13, 2012, 1:02 PM
    Disney (DIS) has re-elected 10 board members, including four whose candidacies were objected to by Institutional Shareholder Services and the state of Connecticut. The objecting parties were upset about the appointment of CEO Robert Iger to the role of chairman, arguing it's necessary to keep the roles split in order to maintain the board's independence. (also)
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  • Mar. 12, 2012, 12:24 PM
    Execs at Disney (DIS +0.1%) must be doing a double take at the box office numbers from the new title John Carter. After expecting to reap a franchise-worthy hit, the movie only grossed a piddling $30.6M over the weekend.
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  • Mar. 5, 2012, 4:58 PM
    Disney (DIS) has uploaded 70 Disney Channel videos on YouTube (GOOG) in recent days, including some full-length episodes. The videos, which stem from a recent deal that will also result in Disney producing some original content for YouTube, are more evidence of YouTube's interest in challenging Netflix and Hulu (and indirectly, pay-TV providers) as a professional content hub. (also)
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  • Mar. 5, 2012, 9:58 AM
    Ratings for broadcast TV networks have fallen at a 1.8% annual rate since 1990, according to Bernstein, thanks to the impact of the Internet and cable networks. However, the networks still saw their ad revenue grow at a 3% annual clip, thanks to higher ad rates. Likewise, though newspaper ad revenue fell sharply from 2005-2010, overall TV ad revenue actually ticked higher, thanks to steady viewing levels.
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  • Mar. 1, 2012, 2:39 PM
    Walt Disney (DIS +0.9%) defends the pay of CEO Robert Iger in a filing with the SEC and backs him to stay at the helm until 2015. The company says the negative conclusions drawn by watchdog ISS on Robert Iger's compensation and additional role of chairman were based on "flawed" premises and methodology.
  • Feb. 27, 2012, 7:11 AM
    Goldman Sachs upgrades Walt Disney (DIS) to a Conviction Buy rating and increases its price target on shares to $51 from $44 on the strength of the potential for sports channel ESPN and theme parks to lift earnings higher. The firm also raises its estimates for FY12 and FY13 by 1% and 4%, respectively. Shares +0.5% premarket.
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  • Feb. 21, 2012, 4:02 PM
    Zynga (ZNGA) receives more competition from Disney-owned (DIS) Playdom, courtesy of a hidden-object game called Blackwood & Bell Mysteries. The game competes with Zynga's recently-launched Hidden Chronicles, which itself has been criticized as a me-too version of Playdom's popular Gardens of Time.
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  • Feb. 16, 2012, 4:43 PM
    Television's traditional spring "upfront," when ads are sold in advance for the fall TV season, will be shaken up this year, as a contingent of GOOG, YHOO, AOL, MSFT, and Hulu (DIS, CMCSA, NWS) plan to have their own upfront, WSJ reports. The group plans a series of presentations in April, hoping to grab part of the $9B taken in by traditional TV networks during upfront.
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  • Feb. 10, 2012, 4:55 PM
    Online video streaming services Netflix (NFLX) and Hulu (DIS, CMCSA, NWS) are considering expanding their platforms to launch in Russia, according to a Russian newspaper. Hulu execs reportedly visited Moscow late last year and met with Russia’s leading film studios and video services, following a similar fact-finding mission by Netflix.
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  • Feb. 9, 2012, 5:10 PM
    Disney (DIS) sells $1.4B worth of bonds split into two tranches - a $1B tranche of notes due 2017 (1.32% yield), and a $400M tranche of notes due 2022 (2.63% yield). Disney, which joins a long list of blue-chip names taking advantage of low rates to float debt, had total borrowings of $14.4B as of Dec. 31, to go with $3.8B in cash and equivalents.
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  • Feb. 8, 2012, 9:01 AM
    Nomura Securities maintains a Buy rating on Disney (DIS) after digesting the entertainment giant's FQ1 report. Analysts with the firm stand unconcerned over a revenue shortfall in Disney's Studio division and see core earnings drivers still firmly in place. "We believe Disney’s assets are well positioned to above-peer growth for the foreseeable future."
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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.