Disney's 2017 Annual Shareholder Meeting: A Recap

Matthew Rafat profile picture
Matthew Rafat


  • CEO Iger deftly handles political questions.
  • Star Wars franchise looks positioned for more success.
  • Disney counting on Beauty and the Beast and Shanghai Disneyland.

Disney (NYSE:DIS) held its annual shareholder meeting in Denver, Colorado on March 8, 2017 at the Colorado Convention Center. Shareholders were treated to coffee, tea, and bottled juices, but no food or pastries. (It's possible D23 members had a better selection after the regular shareholder meeting.)

Shareholders could also take pictures--available later at www.shareholderphotos.com--with characters Moana, Mickey Mouse, Captain America, and two Star Wars stormtroopers. The stormtroopers seemed to be the most fun, making authoritative comments like "Affirmative," "Stand there," and "Let me see your badge."

Robert "Bob" Iger, Disney's CEO, opened the meeting in a suit and no tie, reading from a teleprompter until the shareholder proposals and Q&A session. He expressed optimism about Shanghai Disneyland, which opened in 2016, the result of a "17 year journey." He then lauded Disney's successful movie franchises, listing four films topping $1 billion each in box office revenues. On the matter of Disney's corporate image and its desire to be a "stellar corporate citizen," Iger mentioned Disney had added 30,000+ jobs in the U.S. since 2005; hired 8,000 military veterans since 2006; and donated $40 million to children's hospitals.

Throughout the meeting, Iger showed several videos, including ESPN clips featuring Denver and many other sports teams; a Disney movie mashup; and extended scenes from Beauty and the Beast (it's a musical!) and Guardians of the Galaxy 2. The most anticipated clips were from Star Wars, The Last Jedi. After presenting the end of the most recent Star Wars film, The Force Awakens, shareholders saw a very short clip of Luke accepting the lightsaber from Rey and another short clip of scattered one-second scenes from The Last Jedi.

The Last Jedi will be released on December 15, 2017, with two more Star Wars films already in the works. Fans of the franchise will be interested in

This article was written by

Matthew Rafat profile picture
Matthew attended UC Davis and Santa Clara Law School. Although he attended and enjoyed law school, Matthew’s first love has always been economics. In his spare time, Matthew watches movies and travels. He writes about his travel excursions and his experiences at shareholder meetings on his blog: https://willworkforjustice.blogspot.com

Disclosure: I am/we are long DIS, NKE. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Disclosure: as of March 8, 2017, I have a small number of Disney (DIS) shares and have no plans of adding or selling Disney stock in the next 48 hours.

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