Articles from The Walt Disney Company

The Walt Disney Company (NYSEDIS) today reported earnings for its first fiscal quarter ended December 28, 2024.

Disney Experiences Chairman Josh D’Amaro today announced several appointments for members of his executive team including a newly created role to oversee major events integration, and new heads for Disneyland Resort, Disney Signature Experiences and Shanghai Disney Resort. The announcement comes as Disney Experiences has embarked on ambitious expansion plans for its cruise line business and at theme parks around the world.

FuboTV Inc. (NYSEFUBO) and The Walt Disney Company NYSE: DISNYSEDIS)

The Walt Disney Company (NYSEDIS) will host a live audio Q&A webcast to discuss fiscal first quarter 2025 financial results beginning at 8:30 a.m. ET / 5:30 a.m. PT on Wednesday, February 5, 2025.

The Walt Disney Company (NYSEDIS) Board of Directors today declared a cash dividend of $1.00 per share. This represents a 33% increase over the $0.75 per share paid to shareholders during fiscal year 2024.

Hugh Johnston, Senior Executive Vice President & Chief Financial Officer, The Walt Disney Company (NYSEDIS) will participate in a question-and-answer session at the UBS Global Media and Communications Conference on Monday, December 9, 2024 at approximately 1:30 p.m. ET/ 10:30 a.m. PT.

Reliance Industries Limited (“RIL”), Viacom 18 Media Private Limited (“Viacom18”) and The Walt Disney Company (NYSEDIS) ( “Disney”) today announced that following the approval by the Hon’ble NCLT Mumbai, Competition Commission of India and other regulatory authorities, the merger of the media and JioCinema businesses of Viacom18 into Star India Private Limited (“SIPL”) has become effective (the “JV”). In addition, RIL has invested ₹ 11,500 crore (~US$ 1.4 billion) into the JV for its growth. The JV has allotted shares to Viacom18 and RIL as consideration for the assets and cash, respectively.

The Walt Disney Company (NYSEDIS) posted prepared written management remarks from Chief Executive Officer Robert A. Iger and Chief Financial Officer Hugh F. Johnston regarding its fiscal full year financial and fourth quarter 2024 results, in addition to its earnings release and Form 10-K, at www.disney.com/investors.

The Walt Disney Company (NYSEDIS) today reported earnings for its fourth quarter and full year ended September 28, 2024.

Today, The Walt Disney Company (NYSEDIS) announced the launch of its company-wide 2024 Disney Ultimate Toy Drive supporting the Marine Toys for Tots Program, which has helped deliver millions of toys to children in need during the holiday season. Good Morning America (GMA) reported exclusively on the new campaign, highlighting three unsung heroes at Toys for Tots: Sergeant Christos Toromanides, GypC Serna, and Staff Sergeant Xavier Montaie.

The Walt Disney Company (NYSEDIS) Board of Directors (the “Board”) has named James P. Gorman as Chairman of the Board, effective January 2, 2025. He will succeed Mark G. Parker, who is departing the Disney Board on January 2 after nine years of service.

The Walt Disney Company (NYSEDIS) will host a live audio Q&A webcast to discuss fiscal full year and fourth quarter 2024 financial results beginning at 8:30 a.m. ET / 5:30 a.m. PT on Thursday, November 14, 2024.

The Walt Disney Company (NYSEDIS) Board of Directors has named Board member James P. Gorman to chair its Succession Planning Committee (the “Committee”), it was announced today by Mark G. Parker, Chairman of the Board.

Adam Smith has been named Chief Product & Technology Officer, Disney Entertainment and ESPN (NYSEDIS), it was announced today by Disney Entertainment Co-Chairmen Alan Bergman and Dana Walden and ESPN Chairman Jimmy Pitaro.

The Walt Disney Company (NYSEDIS) posted prepared executive commentary from Chief Executive Officer Robert A. Iger and Chief Financial Officer Hugh F. Johnston, along with its earnings release and Form 10-Q, regarding its fiscal third quarter 2024 financial results at www.disney.com/investors.

The Walt Disney Company (NYSEDIS) today reported earnings for its third quarter ended June 29, 2024.

The Walt Disney Company (NYSEDIS) announced today that Safra A. Catz, Chief Executive Officer of Oracle Corp., is departing its Board of Directors after six years of distinguished service.

The Walt Disney Company (NYSEDIS) will host a live audio Q&A webcast to discuss fiscal third quarter 2024 financial results beginning at 8:30 a.m. ET / 5:30 a.m. PT on Wednesday, August 7, 2024.

Bob Iger, Chief Executive Officer, The Walt Disney Company (NYSEDIS) will participate in a question-and-answer session at the MoffettNathanson Media and Communications Summit on Wednesday, May 15, 2024 at approximately 9:00 a.m. ET/ 6:00 a.m. PT.

The Walt Disney Company (NYSEDIS) today reported earnings for its second quarter ended March 30, 2024.

The Walt Disney Company (NYSEDIS) will discuss fiscal second quarter 2024 financial results via a live audio webcast beginning at 8:30 a.m. ET / 5:30 a.m. PT on Tuesday, May 7, 2024.

The Walt Disney Company (NYSEDIS) announced that, based on the tabulation of its proxy solicitor, it appears that Disney’s full slate of 12 directors has been elected by a substantial margin over the nominees of Trian and Blackwells at Disney’s 2024 Annual Meeting of Shareholders today. Final voting tallies are subject to certification by the Company’s independent inspector of elections, and preliminary and final results will be included in the Company’s reports to be filed with the Securities and Exchange Commission in the coming days.

The Walt Disney Company (NYSEDIS) today urged shareholders to protect their investment and the future of the Company by making sure their votes are in on the WHITE proxy card in support of ONLY Disney’s 12 director nominees (and not the Trian Group or Blackwells nominees). Disney encourages ALL shareholders to vote their shares online or by telephone no later than 11:59 p.m. Eastern Time on April 2, 2024. Instructions to vote by internet or telephone can be found on the WHITE proxy card.

The annual meeting of shareholders of The Walt Disney Company (NYSEDIS), including remarks by management regarding the Company, will be available live via webcast at www.disney.com/investors beginning at 1:00 p.m. ET/10:00 a.m. PT on April 3, 2024. The webcast presentation will be archived.

The Walt Disney Company (NYSEDIS) today commented on a report published by Institutional Shareholder Services (ISS) in connection with the election of the company’s director nominees at the Company’s Annual Meeting on April 3, 2024:

The Walt Disney Company (NYSEDIS) announced that independent proxy voting and corporate governance advisory firm Glass, Lewis & Co. (Glass Lewis) today recommended shareholders vote the WHITE proxy card in support of all of Disney’s 12 director nominees (and no other nominees) at the Company’s Annual Meeting on April 3, 2024.

Reliance Industries Limited (“RIL”), Viacom 18 Media Private Limited (“Viacom18”) and The Walt Disney Company (NYSEDIS) (“Disney”) today announced the signing of binding definitive agreements to form a joint venture (“JV”) that will combine the businesses of Viacom18 and Star India. As part of the transaction, the media undertaking of Viacom18 will be merged into Star India Private Limited (“SIPL”) through a court-approved scheme of arrangement.

Bob Iger, Chief Executive Officer, The Walt Disney Company (NYSEDIS) will participate in a question-and-answer session at the Morgan Stanley Technology, Media & Telecom Conference on Tuesday, March 5, 2024 at approximately 1:15 p.m. ET/ 10:15 a.m. PT.

The Walt Disney Company and Epic Games will collaborate on an all-new games and entertainment universe that will further expand the reach of beloved Disney stories and experiences. Disney will also invest $1.5 billion to acquire an equity stake in Epic Games alongside the multiyear project. The transaction is subject to customary closing conditions, including regulatory approvals.

The Walt Disney Company (NYSEDIS) today reported earnings for its first quarter ended December 30, 2023.

ESPN, a subsidiary of The Walt Disney Company (NYSEDIS), FOX (Nasdaq: FOXA, FOX) and Warner Bros. Discovery (Nasdaq: WBD) have reached an understanding on principal terms to form a new Joint Venture (JV) to build an innovative new platform to house a compelling streaming sports service. The platform brings together the companies’ portfolios of sports networks, certain direct-to-consumer (DTC) sports services and sports rights – including content from all the major professional sports leagues and college sports. The formation of the pay service is subject to the negotiation of definitive agreements amongst the parties. The offering, scheduled to launch in the fall of 2024, would be made available directly to consumers via a new app. Subscribers would also have the ability to bundle the product, including with Disney+, Hulu and/or Max.

The Walt Disney Company (NYSEDIS) today sent a letter to shareholders outlining the strength of the Board of Directors and its oversight of Disney’s strategy and management team as the Company navigates a new era of building that will drive meaningful growth and shareholder value creation well into the future.

The Walt Disney Company (NYSEDIS) Board of Directors disclosed its recommended slate of 12 nominees for election at the 2024 Annual Meeting of Shareholders in preliminary proxy materials filed today with the Securities and Exchange Commission.

The Walt Disney Company (NYSEDIS) will discuss fiscal first quarter 2024 financial results via a live audio webcast beginning at 4:30 p.m. ET / 1:30 p.m. PT on Wednesday, February 7, 2024.

The Walt Disney Company (NYSEDIS) confirmed today that Blackwells Capital LLC, together with its affiliates (collectively, “Blackwells”), has provided notice of its intent to nominate three individuals for election to the Company’s Board of Directors at the 2024 Annual Meeting of Shareholders.

The Walt Disney Company (NYSEDIS) and ValueAct Capital Management, L.P. have entered into a confidentiality agreement that enables the company to provide information to the investment firm and consult with ValueAct on strategic matters, including through meetings with the Disney Board and management.

The Walt Disney Company (NYSEDIS) confirmed today that Trian Fund Management, L.P., alongside certain affiliates, including Trian’s previously disclosed partnership with Isaac Perlmutter pursuant to which it obtained beneficial ownership of Mr. Perlmutter’s Disney shares (collectively, “Trian”), has provided notice of its intent to nominate two individuals for election to the Company’s Board of Directors at the 2024 Annual Meeting of Shareholders.

The Walt Disney Company (NYSEDIS) Board of Directors today announced a cash dividend of $0.30 per share in respect of the second half of fiscal year 2023, payable January 10, 2024 to shareholders of record at the close of business on December 11, 2023.

The Walt Disney Company (NYSEDIS) issued the following statement today in response to the statement released by Nelson Peltz, founding partner of Trian, relating to Disney and its Board of Directors:

The Walt Disney Company (NYSEDIS) Board of Directors has appointed James P. Gorman, Chairman and Chief Executive Officer of Morgan Stanley, and Sir Jeremy Darroch, a veteran media executive and former Group Chief Executive of Sky, as new directors. Darroch’s appointment is effective January 9, 2024, and Gorman’s is effective February 5, 2024.

The Walt Disney Company (NYSEDIS) today reported earnings for its fourth quarter and full year ended September 30, 2023.

Today, The Walt Disney Company (NYSEDIS) launched its annual Disney Ultimate Toy Drive supporting the Marine Toys for Tots Program to help deliver toys to children in need this holiday season.

Hugh F. Johnston has been named Senior Executive Vice President and Chief Financial Officer of The Walt Disney Company (NYSEDIS) effective December 4. It was announced today by Robert A. Iger, Chief Executive Officer. Johnston is Vice Chairman and Chief Financial Officer of PepsiCo, where he has held numerous leadership positions during a highly successful 34-year career with the multinational food and beverage giant.

The Walt Disney Company (NYSEDIS) announced today that it will acquire the 33% stake in Hulu, LLC held by Comcast Corp.’s NASDAQ: CMCSANASDAQCMCSA)

The Walt Disney Company (NYSEDIS) will discuss fiscal full year and fourth quarter 2023 financial results via a live audio webcast beginning at 4:30 p.m. ET / 1:30 p.m. PT on Wednesday, November 8, 2023.

Today, Disney (NYSEDIS) announced a scare-ific cross-company celebration honoring the 30th anniversary of the release of “Tim Burton’s The Nightmare Before Christmas.”

Louise Pentland has been named Chief Counsel for the Disney Parks, Experiences and Products segment of The Walt Disney Company (NYSEDIS), effective September 15. Pentland, who previously served as Chief Business Affairs and Legal Officer at PayPal, will report to Horacio Gutierrez, Senior Executive Vice President, General Counsel and Chief Compliance Officer of The Walt Disney Company, and act as a strategic advisor to Josh D’Amaro, Chairman, Disney Parks, Experiences and Products and his executive leadership team.

Following the successful ad-tier launch in the U.S., today, Disney+ (NYSEDIS) announced an ad-supported offering will be available in select markets across Europe and in Canada beginning November 1. As pricing is updated for various plans later this year, subscribers in the U.S. will have access to a new ad-free bundled subscription plan, starting September 6, featuring Disney+ Premium and Hulu (No Ads) for $19.99/month.

The Walt Disney Company (NYSEDIS) today reported earnings for its third quarter and nine months ended July 1, 2023.

The Walt Disney Company (NYSEDIS) today announced that Alexia Quadrani has been promoted to the role of Executive Vice President, Investor Relations for the company. Quadrani most recently served as Disney’s Senior Vice President, Investor Relations.

The Walt Disney Company (NYSEDIS) Board of Directors announced today that Robert A. Iger has agreed to continue to serve as Chief Executive Officer through December 31, 2026. In voting unanimously to extend Mr. Iger’s contract by two years, the independent members of the Board of Directors noted that Iger’s extension provides continuity of leadership during the Company’s ongoing transformation, and allows more time to execute a transition plan for CEO succession, which remains a priority for the Board.

Robert A. Iger, Chief Executive Officer, The Walt Disney Company (NYSEDIS), will appear on CNBC’s Squawk Box in an interview with David Faber from Allen & Company’s Sun Valley conference on Thursday, July 13, 2023, at approximately 8:00 a.m. ET/ 5:00 a.m. PT.

The Walt Disney Company (NYSEDIS) will discuss fiscal third quarter 2023 financial results via a live audio webcast beginning at 4:30 p.m. ET / 1:30 p.m. PT on Wednesday, August 9, 2023.

As the major entertainment sponsor of the 2023 ESSENCE Festival of Culture™ from June 29 to July 3, Disney (NYSEDIS) returns to showcase its content and talent, celebrating the “Power of Joy” through one-of-a-kind panels, special performances, meet and greets with characters, exclusive screenings, and giveaways.

The Walt Disney Company’s (NYSEDIS) Senior Executive Vice President and Chief Financial Officer Christine M. McCarthy will be stepping down from her role and taking a family medical leave of absence, and veteran Disney executive Kevin Lansberry, Executive Vice President and Chief Financial Officer of Disney Parks, Experiences and Products, will serve as the company’s Interim CFO, effective July 1, it was announced today by Bob Iger, Chief Executive Officer, The Walt Disney Company. McCarthy will continue as a strategic advisor to the company during her leave and will assist with the process of identifying and onboarding a long-term successor to ensure a smooth and successful transition.

Josh D’Amaro, Chairman, Disney Parks, Experiences and Products, The Walt Disney Company (NYSEDIS) will participate in a question-and-answer session at the JP Morgan Global Technology, Media & Communications Conference on Monday, May 22, 2023 at approximately 9:20 a.m. ET/ 6:20 a.m. PT.

The Walt Disney Company (NYSEDIS) today reported earnings for its second quarter ended April 1, 2023.

Christine McCarthy, Senior Executive Vice President and Chief Financial Officer, The Walt Disney Company (NYSEDIS) and Rita Ferro, President, Advertising Sales, The Walt Disney Company, will participate in a question-and-answer session at the SVB MoffettNathanson Technology, Media & Telecom Conference on Wednesday, May 17, 2023 at approximately 10:00 a.m. ET/ 7:00 a.m. PT.

Asad Ayaz has been named the first-ever Chief Brand Officer of The Walt Disney Company (NYSEDIS), effective immediately, it was announced today by Robert A. Iger, Chief Executive Officer. In this newly created role reporting to Iger, Ayaz will be responsible for stewarding and elevating the Disney brand globally across the entire ecosystem of company touchpoints and consumer experiences. Ayaz will also continue as President of Marketing for The Walt Disney Studios, overseeing all aspects of marketing and publicity for the Studios’ films and series as well as for Disney+ globally, reporting to Disney Entertainment Co-Chairman Alan Bergman.

The annual meeting of shareholders of The Walt Disney Company (NYSEDIS), including remarks by management regarding the Company, will be available live via webcast at www.disney.com/investors beginning at 1:00 p.m. ET/ 10:00 a.m. PT on April 3, 2023. The webcast presentation will be archived.

Sonia Coleman has been named Senior Executive Vice President and Chief Human Resources Officer of The Walt Disney Company, effective April 8, it was announced today by Robert A. Iger, Chief Executive Officer. Coleman, who most recently has served as Senior Vice President, Human Resources for Disney Entertainment and ESPN, succeeds Paul Richardson, who is leaving the company after more than 15 years at Disney.

Bob Iger, Chief Executive Officer, The Walt Disney Company (NYSEDIS), will participate in a question-and-answer session at the Morgan Stanley Technology, Media and Telecom Conference on Thursday, March 9, 2023 at approximately 12:45 p.m. ET/ 9:45 a.m. PT.

The Walt Disney Company announced details of its strategic restructuring that will refocus the organization on creativity, empower creative leaders and ensure they are accountable for all aspects of their businesses globally, and put the company’s streaming business on a path to sustained growth and profitability. Effective immediately, the company will be organized into three core, collaborative business segments: Disney Entertainment, ESPN, and Disney Parks, Experiences and Products. The leaders of each business segment will have full operational control and financial responsibility for creative development, marketing, technology, sales, and distribution, and will be accountable for driving business efficiencies globally.

The Walt Disney Company (NYSEDIS) Board of Directors issued the following statement today in response to Nelson Peltz’s announcement that Trian Fund is no longer pursuing a proxy contest at Disney:

The Walt Disney Company (NYSEDIS) today reported earnings for its first quarter ended December 31, 2022.

The Walt Disney Company Board of Directors (NYSEDIS) today responded to materials issued by the Trian Group. The Disney Board of Directors is focused on delivering long-term sustainable value and continually works to ensure it is comprised of the right mix of experience, skills and perspectives to guide Disney, particularly as it navigates this dynamic period.

The Walt Disney Company (NYSEDIS) will discuss fiscal first quarter 2023 financial results via a live audio webcast beginning at 4:30 p.m. ET / 1:30 p.m. PT on Wednesday, February 8, 2023.

The Walt Disney Company (NYSEDIS) recently became aware that TRC Capital Investment Corp. (TRC) has made an unsolicited mini-tender offer to purchase up to 1,500,000 shares of Disney common stock, and, per a press release issued by TRC on December 28, 2022 (the TRC Press Release), has amended the terms of such offer to decrease the offer price payable to $85.00 a share, down from a prior offer price of $89.15 a share.

The Walt Disney Company (NYSEDIS) announced today that Robert A. Iger is returning to lead Disney as Chief Executive Officer, effective immediately. Mr. Iger, who spent more than four decades at the Company, including 15 years as its CEO, has agreed to serve as Disney’s CEO for two years, with a mandate from the Board to set the strategic direction for renewed growth and to work closely with the Board in developing a successor to lead the Company at the completion of his term. Mr. Iger succeeds Bob Chapek, who has stepped down from his position.

The Walt Disney Company (NYSEDIS) today reported earnings for its fourth quarter and fiscal year ended October 1, 2022.

The Walt Disney Company (NYSEDIS) will discuss fiscal full year and fourth quarter 2022 financial results via a live audio webcast beginning at 4:30 p.m. ET / 1:30 p.m. PT on Tuesday, November 8, 2022.

The Walt Disney Company (NYSEDIS) today announced that Carolyn Everson, a veteran media and technology executive, will join its Board of Directors, effective November 21. Ms. Everson, 50, a well-respected executive with deep experience in consumer-facing companies, will be included in the Company’s slate of director nominees in the proxy statement for Disney’s 2023 Annual Meeting of Shareholders.

Bob Chapek, Chief Executive Officer, The Walt Disney Company (NYSEDIS), will participate in a question-and-answer session at the Goldman Sachs 2022 Communacopia + Technology Conference on Wednesday, September 14, 2022 at approximately 5:00 p.m. ET/ 2:00 p.m. PT.

Christine McCarthy, Senior Executive Vice President and Chief Financial Officer, The Walt Disney Company (NYSEDIS) and Josh D’Amaro, Chairman, Disney Parks, Experiences and Products, will participate in a question-and-answer session at the 2022 Bank of America Securities Media, Communications & Entertainment Conference on Wednesday, September 7, 2022 at approximately 1:30 p.m. ET/ 10:30 a.m. PT.

The Walt Disney Company (NYSEDIS) issued the following statement today: