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The Walt Disney Company (DIS)

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  • Feb. 6, 2013, 7:27 AM
    Disney (DIS) will consider an exit for ESPN from the U.K. due to the losses it has piled up in the region. The company is also struggling to retain the rights to key sporting events which doesn't bode well for the network. The topic came up during the company's FQ1 earnings conference call (transcript) in which CFO Jay Rasulo highlighted the unprofitability of ESPN in the U.K. DIS +2.7% premarket.
    | 2 Comments
  • Nov. 9, 2012, 12:54 PM
    Disney (DIS -5.3%) continues to trade lower as a host of analysts lower their expectations for the company primarily due to fears advertising revenue could be under pressure. Comments from execs on yesterday's earnings call (transcript) highlighted the idea the company is transitioning from an investment phase (Lucasfilm, Cars Land, Disneyland) into a growth mode. Reading between the lines of analyst comments, Disney investors may have to play a waiting game for those investments to pay dividends and for the economy to turn around to help drive revenue higher.
    | 8 Comments
  • Nov. 9, 2012, 9:10 AM
    Premarket gainers: ZIP +27%. KYAK +26%. LGF +9%. ENR +8%. PSTI +8%. IGT +7%. WCRX +6%. ISIS +5%.
    Losers: GRPN -23%. MTG -15%. ARRY -12%. PGRX -12%. SPRD -10%. JCP -8%. PVR -6%. CPIX -5%. DIS -5%.
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  • Oct. 31, 2012, 11:06 AM
    Disney (DIS -2.5%) CEO Robert Iger says (video) the mega-deal to buy Lucasfilm will be slightly dilutive for two years after the closing and then turn accretive after that point. The exec also notes the consumer product and licensing opportunities from the transaction is close what Marvel Entertainment offered up at the point of purchase, but highlights the Lucasfilm buy includes digital properties. After a rush of gushing analysts weighed in on the deal, shares have peeled off early gains rather quickly.
    | 2 Comments
  • Oct. 31, 2012, 8:24 AM
    Chewbacca meets the Incredible Hulk: Disney's (DIS) deal to snap up the Star Wars franchise for a cool $4.05B has the entertainment industry buzzing and analysts chatty. Barclays says the company will monetize the property and roll it through the Disney ecosystem, while both JPMorgan and Wells Fargo call the purchase positive for future earnings. By all accounts, the relationship between 2%-Disney owner George Lucas and the House of Mouse will remain positive with Lucas adding creative input, but not calling the shots on scripts. DIS +2.5% premarket.
    | 7 Comments
  • Sep. 5, 2012, 2:37 PM
    Shares of Disney (DIS +2.5%) trace out a new all-time high with the Street still firmly backing the House of Mouse to see even further gains. Though theme parks, ESPN, and Marvel Studios continue to be the rock stars behind the company's consistent revenue growth - clever deals in new areas also keep the Disney pipeline fresh. The latest is a venture to supply Nokia with edgy content and apps for its smartphones as the Finnish company trails far behind Apple and Google.
    | 5 Comments
  • Jul. 17, 2012, 3:29 PM
    Shares of Disney (DIS +3.4%) ride an upgrade from Bank of America to hit an all-time intraday high of $49.92. Shrugging off a sluggish U.S. economy, the company appears to be clicking on all cylinders, with its theme parks, film studio, and media properties more synchronized than ever. As for mega-hit The Avengers, BofA says Disney shareholders could see a $0.11-a-share boost from the well-received film.
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  • Jun. 27, 2012, 10:37 AM
    Jakks Pacific (JAKK +0.4%) forecasts that sales of merchandise from Disney's (DIS +1.4%) Brave will be triple that of original estimates based on early numbers. A key to the boom in toy sales and the movie's strong box office showing is attributable to the warm reaction to Merida - the first heroine character to feature in a Pixar-produced movie for Disney.
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  • Apr. 9, 2012, 3:58 PM
    Major media companies take a dive after Citigroup slashes its ratings on CBS (CBS -2.2%), Discovery (DISCA -1.7%), Disney (DIS -2.2%) and News Corp. (NWSA -2.2%) to Neutral from Buy. Time Warner (TWX -1.6%) also tumbles even after the firm hikes its price target on the company to $45 from $40.
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  • Mar. 30, 2012, 12:44 PM
    Disney (DIS +1.4%) gains on an upgrade to Buy on valuation at Lazard Capital, citing secular positive program fee growth, and a strong net cash position that can be used for repurchases or acquisitions.
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  • Feb. 7, 2012, 4:30 PM
    More on Disney's FQ1: Growth was fueled a 10% Y/Y revenue increase for the Parks & Resorts division, and hurt by declines of 16% and 10%, respectively, for the Studio Entertainment and Interactive Media (gaming) divisions. After respectively growing 9% and 14% in FQ4, the Media Networks and Consumer Products divisions only grew 3% each. A 7% drop in broadcasting revenue (ABC) hurt Media Networks. DIS -2% AH. (PR)
    | 2 Comments
  • Feb. 7, 2012, 4:20 PM
    Disney (DIS): FQ1 EPS of $0.80 beats by $0.09. Revenue of $10.78B (+1% Y/Y) misses by $400M. Shares -2.5% AH. (PR)
    | 1 Comment
  • 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.
    | 4 Comments
  • 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."
    | 1 Comment
  • 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. 2, 2011, 10:53 AM
    Disney (DIS +1.9%) is outperforming today, and a positive Barron's mention could be playing a role. The paper thinks Disney's recent dividend hike could be a sign of things to come, given its strong cash flow, and believes its current share price doesn't appear to "fully reflect the good news."
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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.