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The Walt Disney Company (DIS)

  • 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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  • Sep. 26, 2011, 2:23 PM
    Shares of RealD (RLD) move 3.7% higher after Disney's (DIS +0.5%) reissued hit The Lion King breathes some new life into the 3-D movie market the company outfits. Count James Cameron - whose movie Avatar grossed a cool $2.8B - as bullish on the future of 3-D. "Once broadcast moves aggressively to 3-D, every movie will be in 3-D. It’s that simple."
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  • 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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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.