TWDC Articles and News Stories
DIS Stock: Worst Single-Day Loss since 2001
If you thought you were having a bad week, the big shots at Disney might be having a worse one. After reporting an eye-opening Q4 earnings result earlier in the week, Disney’s stock dropped to a single-day 21-year low. The Walt Disney Company, Chief Executive Officer Bob Chapek, seems to think this is all part … DIS Stock: Worst Single-Day Loss since 2001
Key Takeaways from Disney’s First Quarter Earnings Call
Today, The Walt Disney Company reported earnings for its first fiscal quarter (ending January 2nd, 2021), and that the most notable impact on operating income was an estimated loss of approximately $2.6 billion. It was noted that the results from the quarter were greatly impacted by COVID-19, with the greatest impact stemming from the Disney … Key Takeaways from Disney’s First Quarter Earnings Call
Disney’s Acquisition of 21st Century Fox Set to Close March 20
After a long road of negotiating for approval at home and abroad, The Walt Disney Company is finally set to complete its $71.3 billion acquisition of 21st Century Fox properties and begin the transition process. A joint statement by TWDC and Fox was released this morning which sets the timing for the historic deal’s closure … Disney’s Acquisition of 21st Century Fox Set to Close March 20
Disney Reduces Bob Iger’s Pay/Potential Bonuses By $13.5 Million
The Walt Disney Company has once again amended the possible yearly take-home of CEO Bob Iger. The announcement comes in advance of a company shareholders meeting on March 7th and the acquisition of 21st Century Fox properties which is expected by many to conclude in the near future. Here are the significant changes for Iger … Disney Reduces Bob Iger’s Pay/Potential Bonuses By $13.5 Million
Disney Looks to Acquire Another 10% Hulu Stake from WarnerMedia
The Walt Disney Company is “in active discussions” with AT&T regarding WarnerMedia’s 10% ownership share in Hulu, according to a report from Variety. Disney currently own a 30% stake in the streaming platform; Fox and Comcast/NBCUniversal both own 30%, and the last 10% belongs to WarnerMedia. That is all about to change, as Disney is … Disney Looks to Acquire Another 10% Hulu Stake from WarnerMedia
Disney/Verizon Dispute Could Lead to Blackout for Customers
UPDATE 12/30/18: The Walt Disney Company and Verizon have reached a new broad-based distribution agreement. The contract’s end date was rapidly approaching as was the looming threat that could have taken popular ESPN football games away from Verizon Fios subscribers in the first few days of the new year. “Verizon and The Walt Disney Company … Disney/Verizon Dispute Could Lead to Blackout for Customers
Layoffs Loom as Disney/Fox Transition Approaches
While Disney’s acquisition of 21st Century Fox won’t be completely finalized till sometime in the first half of 2019 due to regulatory processes, the deal will be transactionally official by January 1st and New Fox expects to have its corporate structure in place by then. As Disney and Fox combine their pool of workers, the … Layoffs Loom as Disney/Fox Transition Approaches
ESPN+ Collects 1 Million Subscribers Since April Launch
Disney’s first step toward their goal of becoming a dominant force in the direct-to-consumer game has proven successful, at least in the short term. In just over 5 months since its launch, ESPN+ has 1 million subscribers under its belt. The Walt Disney Company launched ESPN+ in April of this year; the pay-subscription sports service … ESPN+ Collects 1 Million Subscribers Since April Launch
Auction Could Complicate Sky Purchase for Disney, Comcast
Another day, another complication in a Walt Disney Company/Comcast buyout competition. The most recent battle between the two entertainment giants has revolved around the purchase of the British pay-TV broadcasting company Sky, and the ongoing bidding war may end in an auction that could make things tricky for both American companies, according to a recent … Auction Could Complicate Sky Purchase for Disney, Comcast
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