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The Walt Disney Company (DIS)

  • Mon, Mar. 30, 9:52 AM
    • DreamWorks Animation (NASDAQ:DWA) is up 8.2% after Home -- its only film release for 2015 -- led the weekend box office and beat its own expectations with $54M, the company's third-largest non-sequel opening.
    • Following a series of flops for DWA, the film was expected to draw about $30M-$35M.
    • Home is another standout child-focused success in a year filled with adult fare so far. R-rated prison comedy Get Hard (NYSE:TWX) took the No. 2 spot, drawing $34.6M.
    • Insurgent (NYSE:LGF) and Cinderella (NYSE:DIS) followed those two, adding to their considerable takes with $22M and $17.5M respectively. New foreign markets joined Cinderella, pushing it to more than $300M globally, and Insurgent has made $180M worldwide.
    • Kingsman: The Secret Service is a hit with legs for Twenty-First Century Fox (NASDAQ:FOXA), plugging away at sixth place this week (its seventh) with $3M, and passing $300M globally.
    • Previously: DreamWorks up 7.7%, on two-day surge as planning takes shape (Mar. 04 2015)
    | Mon, Mar. 30, 9:52 AM | 5 Comments
  • Wed, Mar. 18, 1:39 PM
    • Sony (SNE +3.9%) has launched its PlayStation Vue streaming video service in three cities, with a starting price of $50/month
    • It's been testing the service since November and had planned to launch this month in New York, Chicago and Philadelphia for PlayStation 3 and 4 users, though the price and lineup were open (and vital) questions. The service will spread to other cities and to iPads soon.
    • Overall the service features more than 85 channels, though the $50 package has some 50 stations and $60/month and $70/month packages add local sports and music/lifestyle/family channels respectively.
    • The lineup features content from three of the big four (CBS, Fox, NBC) as well as stations from Discovery, Scripps, Turner and Viacom. AMC content will join from April.
    • Disney (NYSE:DIS) -- and its popular content from ABC, ESPN and Disney cable -- is still a glaring omission. Sony VP Eric Lempel says more content deals are in progress.
    • The interface features time-shifting for the last three days of "popular programming," which might give it a leg up on Sling TV's (NASDAQ:DISH) limited capability there.
    • The price is raising eyebrows, as it's competing with Sling TV's $20/month price point (but with more content). "Sony has built the Cadillac plan of Internet TV: It's big, it's shiny and it's expensive," says Jason Abbruzzese.
    • Previously: Report: Sony talking with Disney about PlayStation Vue inclusion (Feb. 10 2015)
    | Wed, Mar. 18, 1:39 PM | 11 Comments
  • Thu, Mar. 12, 6:17 PM
    • Disney (DIS +4.2%) thrilled shareholders at its annual meeting with movie news about some of its most valuable recent properties. The company filled in details on its high-expectations Star Wars plans: After the seventh core film coming out this December, Star Wars: Episode VIII will come out May 26, 2017, and be written and directed by Rian Johnson (Brick, The Brothers Bloom, Looper).
    • The first spinoff film will be called Rogue One, star recent Oscar nominee Felicity Jones and come out in December 2016.
    • A confirmation that Frozen 2 is on the way should mean another ringing of the box-office registers. The first film grossed more than $1B globally.
    • Mattel (NASDAQ:MAT) -- with a line of Frozen merchandise -- finished today up 4.2%; Hasbro (NASDAQ:HAS), which will sell related dolls next year, finished up 1.3%.
    • In preliminary votes, all 10 on Disney's board won re-election, and shareholders supported the vote on executive compensation.
    • Shareholders agreed with the board in rejecting a proposal regarding selecting an independent board chairman.
    • Previously: Gathering for annual meeting, Disney up 2.9% (Mar. 12 2015)
    | Thu, Mar. 12, 6:17 PM | 13 Comments
  • Thu, Mar. 12, 11:39 AM
    • Disney (NYSE:DIS) is up +2.9% as it kicks off its annual meeting in San Francisco, flush with recent success in earnings and building momentum around its media properties.
    • The stock's on the move following CEO Bob Iger's appearance on Mad Money last night: "The most bullish I've seen him," says host Jim Cramer, pointing to developments in Star Wars and Marvel films, including a highly anticipated Avengers sequel opening May 1, not to mention a live-action Cinderella coming this weekend.
    • "Tentpole, tentpole, tentpole, tentpole -- they have so many brands, they remind me of Procter & Gamble 20 years ago," Cramer says.
    • Iger spoke about park technology investments, including a wristband that serves as an attraction ticket that also lets visitors make reservations for rides, and expressed optimism about next year's park opening in Shanghai.
    • Among his "5 things to watch," Mark Calvey notes shareholders looking for any sign of a split, and a tough vote on splitting the Chairman/CEO roles.
    • The new Cinderella film is expected to lead the box office and should get a boost from a seven-minute short featuring another Disney cash cow brand, Frozen.
    | Thu, Mar. 12, 11:39 AM | 13 Comments
  • Tue, Feb. 3, 4:24 PM
    • Disney (NYSE:DIS) posts a huge beat of $1.27 (up 27%) on a record $13.39B in revenues, higher even than the top range of expectations for its fiscal Q1.
    • Lots of strength in segment revenues: Media Networks up 11% to $5.86B; Parks and Resorts up 9% to $3.91B; Studio Entertainment down 2% to $1.86B; Consumer Products up 22% to $1.38B; Interactive down 5% to $384M.
    • While revenues were off in Studio Entertainment and Interactive, operating income rose in both, 33% and 36% respectively.
    • Free cash flow of $857M is up 55% from the prior year.
    • Shares up 3.2% after hours, following today's 2.4% gain in the regular session.
    • Press release
    | Tue, Feb. 3, 4:24 PM | 48 Comments
  • Tue, Feb. 3, 4:17 PM
    • Walt Disney  (NYSE:DIS): FQ1 EPS of $1.27 beats by $0.20.
    • Revenue of $13.39B (+8.8% Y/Y) beats by $520M.
    • Shares +1.88%.
    • Press Release
    | Tue, Feb. 3, 4:17 PM | 20 Comments
  • Mon, Jan. 26, 10:36 AM
    • Shares of Jakks Pacific (JAKK +0.4%) and LeapFrog (LF +0.4%) are higher despite the sharp guidance cut from toy maker Mattel.
    • Both companies are viewed by analysts as strong in channels where Mattel is weak.
    • The toy player which has wreaked the most havoc on Mattel (MAT -2%) is Disney (DIS -0.5%) with the Frozen doll phenomenon cutting deeply into Barbie sales over the last year and showing little signs of abating.
    • M&A talk could pick up in the sector with some entertainment giants eyeing the success Disney has had integrating franchise film characters into toys.
    • Talks on a DreamWorks Animation-Hasbro combination were active last fall.
    • Previously: Mattel -10.6% after CEO resigns and guidance lowered
    • Previously: Toy sales up 4% in 2014 (Jan. 20 2015)
    | Mon, Jan. 26, 10:36 AM | 19 Comments
  • Nov. 7, 2014, 1:20 PM
    • With Disney (DIS -2.7%) having gone into earnings right at an all-time high of $92.00, the media giant is seeing some profit-taking following a slight FQ4 EPS beat.
    • FY15 spending guidance is an area of concern for some analysts. CFO Jay Rasulo stated on the CC (transcript) Disney expects FY15 capex to be up $1.5B Y/Y ($1.1B on an adjusted basis) thanks to Shanghai Disney investments, and that cable programming costs are expected to rise by a low-teens percentage due to NFL and college football deals. Also, pension expenses and forex are expected to have a $225M impact on op. profit.
    • Sell-side reactions to the FQ4 numbers are generally positive. BofA/Merrill (Buy): "Accelerating Parks, improving cap. returns, an improving Studio outlook, solid Media Networks and better Interactive all offer neat-term upside, while Disney Shanghai and Marvel/Pixar/Lucas film releases and full [retransmission] offer a solid FY15E/16E." The firm's FY15 and FY16 EPS estimates have respectively been hiked by $0.11 and $0.19.
    • FQ4 results, details
    | Nov. 7, 2014, 1:20 PM | Comment!
  • Nov. 6, 2014, 4:28 PM
    • Disney (NYSE:DIS) saw a strong quarter for its Studio Entertainment segment help drive it to a small FQ4 earnings beat.
    • Segment revenue growth: Media Networks +5% to $5.22B; Parks and Resorts +7% to $3.96B; Studio Entertainment +18% to $1.78B; Consumer Products +7% to $1.07B; Interactive -9% to $362M.
    • Cable Networks revenue was up 6% while broadcasting revenue rose 5%. Higher programming costs at ESPN contributed to a 1% dip in operating income within the segment.
    • Operating income +20% for Disney's theme parks business on higher guest spending.
    • The global success of Frozen helped profit increase in both the Consumer Products and Studio Entertainment segments.
    • Capex spending +18.4% Y/Y to $3.311B led by continued investment in Disney Shanghai.
    • DIS -1.0% AH
    | Nov. 6, 2014, 4:28 PM | 4 Comments
  • Nov. 4, 2014, 3:00 PM
    | Nov. 4, 2014, 3:00 PM | Comment!
  • Oct. 16, 2014, 6:52 AM
    • Guggenheim DIS)+to+Neutral/9915254.html" target="_blank">lowers its rating on Disney (DIS) to Neutral from Buy.
    • The investment firm drops its price target on the House of Mouse to $87 from $96.
    • DIS -1.4% premarket.
    | Oct. 16, 2014, 6:52 AM | 8 Comments
  • Oct. 1, 2014, 9:55 AM
    • Theme park stocks slide lower than market averages after a single case of Ebola in Dallas creates a talking point.
    • Plenty of traders think the dip is providing a good entry point for names in the group off what they consider undue anxiety.
    • Decliners: Disney (NYSE:DIS) -1.1%, Cedar Fair (NYSE:FUN) -0.6%, Six Flags (NYSE:SIX) -0.8%, SeaWorld (NYSE:SEAS) -1.1%.
    | Oct. 1, 2014, 9:55 AM | 10 Comments
  • Aug. 6, 2014, 8:49 AM
    • Execs with Disney (NYSE:DIS) used the music from Frozen to set the stage for their comments on the company's FQ3 performance.
    • Theme park attendance growth has been in the single-digits, but guest spending has been boosted by the MyMagic+ program. CFO Jay Rasulo says the program has more revenue impact to come.
    • CEO Bob Iger seemed unconcerned about any revenue slowdown at ESPN. He noted advertisers are buying spots closer to the run dates and ESPN had an "extremely good" upfront.
    • The company says it's very bullish on the SEC Network. There is an expectation that 60M U.S. subscribers will watch the SEC programming beginning this month.
    • A question about Disney's relationship with Netflix (NASDAQ:NFLX) drew an enthusiastic response from Iger. No concrete numbers were thrown out, but it appears Disney will continue to benefit as Netflix grows globally. The Disney brands can be "well monetized" on the Netflix platform, notes Iger.
    • Earnings call transcript
    • DIS -0.5% premarket
    | Aug. 6, 2014, 8:49 AM | 1 Comment
  • Aug. 5, 2014, 4:28 PM
    • Disney (NYSE:DIS) rode a 105% jump in profit for it Studio Entertainment segment to a FQ3 earnings beat.
    • Segment revenue growth: Media Networks +3% to $5.51B; Parks and Resorts +8% to $3,98B; Studio Entertainment +14% to $1,81B; Consumer Products +16% to $902B; Interactive +45% to $266M.
    • Cable Networks operating income was off 7% at ESPN due to higher programming and production costs.
    • The success of Frozen carried over into consumer product sales and is expected to still be a major factor in 2H.
    • Disney Interactive churned up a small profit of $29M as select games sold well and costs were tightened. The segment is benefiting from a narrower focus.
    • Capex spending came in at $2.248B, largely due to costs associated with the construction of Disney Shanghai.
    • DIS -0.1% AH
    | Aug. 5, 2014, 4:28 PM | 15 Comments
  • Aug. 5, 2014, 4:16 PM
    • Walt Disney  (NYSE:DIS): FQ3 EPS of $1.28 beats by $0.11.
    • Revenue of $12.46B (+7.6% Y/Y) beats by $290M.
    • Shares +1.4%.
    • Press Release
    | Aug. 5, 2014, 4:16 PM | 19 Comments
  • Aug. 4, 2014, 10:48 AM
    • Shares of Disney (DIS +1.3%) are higher than market averages after Marvel's Guardians of the Galaxy stuns at the box office in its three-day debut.
    • The $94M tally set a record for an August opening and bodes well for Marvel as it dipped into a lesser-known pot of superheros and scripted a lighter tone to the film.
    • The production budget on the film was $170M.
    • A sequel is planned for 2017.
    | Aug. 4, 2014, 10:48 AM | 6 Comments
DIS vs. ETF Alternatives
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.