Disney Stock News

Disney''s (DIS +1.8%) annual meeting Wednesday arrived amid growing criticism over the company''s silence on high-stakes Florida legislation - called "Don''t Say Gay" by critics - that bars…

The Walt Disney Company is now publicly opposing Florida''s controversial "Don''t Say Gay" bill.

Douglas C. Lane & Associates'' Sarat Sethi bought shares of Walt Disney Co (NYSE: DIS ) ahead of the company''s 2022 Investor Day presentation, which kicked off at 1 p.m. ET Wednesday. "As more people go to the theme parks, the more the streaming services, more the whole network effect … Full story available on Benzinga.com

Walt Disney World is honoring its 50th anniversary with an 18-month celebration that began in October 2021. The anniversary and pent-up travel demand are leading to strong attendance at the company’s parks, which could turn into the biggest growth driver for Walt Disney Co (NYSE: DIS ) in 2022. What Happened: Walt Disney World, which is the most visited theme park in the world, is seeing massive crowds and sellouts in the first months of 2022, which is typically a slower period. Magic Kingdom, Animal Kingdom, Hollywood Studios and EPCOT all reached capacity crowds over Presidents'' Day weekend (Feb. 21 and Feb. 22). Dates near the holiday were also seeing large reservation numbers, according to the popular Disney blog Inside the Magic . From Feb. 25 through Mar. 1, Magic Kingdom was not reservable, with the other parks having limited availability during the stretch. The upcoming St. Patrick’s Day holiday might not jump out as a typical vacation time, but Disney is already seeing sellouts across several parks.

Streaming platform Hulu, which is majority-owned by The Walt Disney Company, offers a large range of movies and TV series. Sources include Disney, Sony Pictures content through 2026, Lionsgate, DreamWorks Animation, and other studios as well as networks such as CBS, ABC, NBC, and FX. Hulu also produces original content. To determine the worst movies […]

As Russia’s invasion of Ukraine continues to disrupt global markets markets, more big companies are frowning on Russia’s show of power and are taking action to show solidarity with Ukraine by exiting the world’s largest country one after the other across different sectors. About two weeks after the invasion started, at least 40 companies have left Russia or stopped the sale of their products and services in the county in no particular order. Manufacturing Car and truck makers such as General Motors Company, Ford Motor Company, Volkswagen AG, Toyota Motor Corporation, Harley-Davidson, Mercedes Benz, and Volkswagen, announced they would halt shipments to Russia or shut down assembling plants in the country. Volvo and Daimler Truck Holding AG also suspended business activities in the country. “We clearly stand for peaceful global cooperation and categorically reject any form of military force; we have decided to suspend our business activities in Russia with immediate effect until further notice,” Daimler tweeted via its official handle.

The "40-Year-Old Virgin" director Judd Apatow has joined the leftist pressure campaign against The Walt Disney Co., shaming CEO Bob Chapek for his decision to refrain from commenting on Florida''s "Parental Rights in Education" bill that would ban the teaching of sexuality and transgenderism to kids in kindergarten through third grade.

Walt Disney Co (NYSE: DIS ) gapped down on Tuesday and then entered into a volatile trading period, falling about 2.7% and then rallying 1.85% before settling down again to close at $131.75. The volatility was in sympathy with the general markets, where the SPDR S&P 500 ETF whipsawed between $415.12 and $427.21 intraday due to geopolitical uncertainty caused by the Russian invasion of Ukraine, which on Tuesday resulted in the U.S. administration announcing it will ban Russian oil and Ukraine President Volodymyr Zelensky attempting to placate Russia by announcing the country will no longer seek to join NATO. On Tuesday, it was reported Disney plans to push into sports betting to revitalize ESPN, which has a shrinking subscriber base. The company believes it will be able to target a younger user base with the ability to add gambling to their sport-viewing experience. While the move into … Full story available on Benzinga.com

The Walt Disney Co (NYSE: DIS ) targeted sports betting to revitalize ESPN, which had been gradually losing ground to the streaming service companies, Financial Times reports . The cable sports network''s subscribers steadily shrank from 100 million in 2011 to 77 million by the end of 2021, down 23%. S&P Global sees the figure falling to 72.5 million in 2022. CEO Bob Chapek said that "the push into betting was "driven by the consumer, particularly the younger consumer that will replenish the sports fans over time and their desire to have gambling as part of their sports experience." He added that the future of sports programming would … Full story available on Benzinga.com

Walt Disney Co. (NYSE: DIS ) is facing a growing backlash over the refusal of CEO Bob Chapek to openly criticize the proposed “Don’t Say Gay” legislation in Florida, with a growing number of Disney employees openly criticizing their employer while calls for a boycott of the company grow louder in volume. What Happened: The controversial legislation bans the discussion of sexuality and gender identity in the state’s schools until after the third grade. Chapek’s predecessor Bob Iger came out against the bill on Feb. 25 when it passed in the Florida House of Representatives, but Chapek avoided Iger’s example and made no comment on the matter. The Hollywood Reporter , citing an unnamed “knowledgeable source,” stated Chapek didn''t want to involve the company in “issues he deems irrelevant to the company and its businesses.” But complicating matters were reports that Disney offered campaign contributions to Florida legislators who both supported and opposed the “Don’t Say Gay” legislation. As the issue continued to metastasize, Chapek issued an internal memo to the Disney workforce on Monday that claimed corporate support for the LGBTQ community. “In terms of our communities, we are and will continue to be a leader in supporting organizations that champion diversity,” he wrote. “In 2021, we provided nearly $3 million to support the work of LGBTQ+ organizations.

Two analysts have different stances on The Walt Disney Co (NYSE: DIS ). With Disney''s earnings in the rear-view mirror, BofA says that a rampaging recovery in the Parks unit combined with an upcoming ramp to significantly higher content output has Disney "firing on all cylinders" in its new fiscal year. Disney''s parks division, in particular, is encouraging for multiple drivers, analyst Jessica Reif Ehrlich notes. New features add to revenue growth, including its Genie+ replacement for FastPass and unique attractions like the Galactic Starcruiser and Ratatouille Adventure. And in time, it will be buoyed by the return of international visitors (who make up some 20% of total visitors) and cruise … Full story available on Benzinga.com

Major companies in the radio broadcasting market include Liberty Media Corporation, Sirius XM Holdings Inc, iHeartMedia Inc. , The Walt Disney Company, Bouygues SA, Entercom Communications Corporation, Cumulus Media, Inc, FUJI MEDIA HOLDINGS INC, Netease Inc, Nine Entertainment Co. Major companies in the radio broadcasting market include Liberty Media Corporation, Sirius XM Holdings Inc, iHeartMedia Inc. , The Walt Disney Company, Bouygues SA, Entercom Communications Corporation, Cumulus Media, Inc, FUJI MEDIA HOLDINGS INC, Netease Inc, Nine Entertainment Co.

Major companies in the film and video market include Vivendi SA, The Walt Disney Company, Comcast Corporation, Sony Corp, Financière de l’Odet, Viacom Inc. , CBS Corporation, Lions Gate, ITV plc. and FUJI MEDIA HOLDINGS INC. Major companies in the film and video market include Vivendi SA, The Walt Disney Company, Comcast Corporation, Sony Corp, Financière de l’Odet, Viacom Inc. , CBS Corporation, Lions Gate, ITV plc. and FUJI MEDIA HOLDINGS INC.

Major players in the content streaming market are Netflix, Amazon Web Services, Akamai Technologies Inc. , Hulu, LLC. , Apple Inc. , Google LLC, Cisco Systems Inc, Walt Disney Company (Hulu), Kaltura, Inc. Major players in the content streaming market are Netflix, Amazon Web Services, Akamai Technologies Inc. , Hulu, LLC. , Apple Inc. , Google LLC, Cisco Systems Inc, Walt Disney Company (Hulu), Kaltura, Inc.