Key Developments: Walt Disney Co (DIS)

DIS on New York Consolidated

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9 Feb 2016
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Latest Key Developments (Source: Significant Developments)

Walt Disney Co Recalls Darth Vader Baby Wear Over Choking Fear - Huffington Post
Thursday, 21 Jan 2016 12:30pm EST 

Walt Disney Co:The Dark Lord of the Sith could now be a danger to babies - HUFFPO.The Consumer Product Safety Commission on Tuesday posted a recall notice for Darth Vader infant bodysuits because of a choking hazard. - HUFFPO.The outfits, along with those bearing a Disneyland 60th anniversary design, were sold at Disneyland, Walt Disney World and Disney-themed cruise ships, the CPSC noted. About 10,000 of the units sold in 2015 may be affected. - HUFFPO.The snaps can detach, "posing a choking hazard to young children," the commission wrote - HUFFPO.  Full Article

Walt Disney Co - Hollywood studios, Sky spar with EU antitrust regulators - Reuters
Monday, 18 Jan 2016 01:56am EST 

Walt Disney Co:NBCUniversal, Disney and 4 other U.S. studios together with Sky UK on Monday rebuffed EU charges of anti-competitive movie-licensing deals in a crucial hearing ahead of a decision later this year - RTRS.The companies' defence at a 3-day closed-door hearing came six months after the European Commission accused them of preventing consumers outside Britain and Ireland from accessing films and other content broadcast by the British pay-TV group - RTRS.Clauses in the deals also prevent other broadcasters from making their pay-TV services available in the UK and Ireland - RTRS.The accusations by the EU antitrust enforcer came amid a campaign to end restrictions hindering cross-border trade, aimed at boosting e-commerce and growth in the 28-country bloc - RTRS.Defenders of territorial licensing, however, say that the system preserves the region's cultural diversity and safeguards fair payment for artists and content providers - RTRS.Other Hollywood studios involved in the case are Paramount Pictures, part of Viacom, Sony, Twentieth Century Fox and Warner Brothers - RTRS.Sky UK and the studios face fines up to 10% of their global turnover if found guilty of breaching EU rules - RTRS.Other participants included Canal Plus, German media ProSieben, Telefonica's DTS unit, the European Producers Club, British Film Institute, Producers Alliance for Cinema and Television, French cinema producers body APC and Italy's cinema and audiovisual group Anica - RTRS.  Full Article

Walt Disney Company Declares Semi-Annual Cash Dividend of $0.71 Per Share
Wednesday, 2 Dec 2015 04:30pm EST 

The Walt Disney Company:Says Board of Directors today declared a cash dividend of $0.71 per share for the second half of fiscal 2015.payable January 11, 2016 to shareholders of record at the close of business on December 14, 2015.  Full Article

Walt Disney Co - AB InBev, HSBC, Google, 8 others to testify at EU tax hearing - Reuters
Tuesday, 10 Nov 2015 05:03am EST 

Walt Disney Co:Anheuser-Busch InBev, HSBC, Google and eight other companies will be quizzed by EU lawmakers next week on their European tax deals as part of a campaign to ensure multinationals pay their fair share of taxes - RTRS.While the European Parliament's tax committee can only issue a non-binding recommendation at the end of November, the publicity generated by its actions will likely ramp up the pressure on companies seeking to minimise tax, and governments - RTRS.Amazon, already in the Commission's crosshairs over its Luxembourg tax deal, Barclays, Coca-Cola Co, Facebook, Ikea, McDonald's, Philip Morris International and the Walt Disney Co will also attend the hearing, according to the committee's website - RTRS.The committee was set up in February after a group of investigative journalists unveiled details of tax deals that helped hundreds of multinationals slash their tax bills to minimal amounts - RTRS.  Full Article

Walt Disney Co's ESPN said planning to eliminate as many as 350 jobs - Bloomberg - Reuters
Monday, 19 Oct 2015 08:00pm EDT 

Walt Disney Co:Disney's ESPN said planning to eliminate as many as 350 jobs - Bloomberg, citing sources - RTRS.Job cuts at ESPN sports network will be announced to employees as early as Wednesday- Bloomberg, citing sources - RTRS.  Full Article

Canal Plus announces agreement with Disney Media Distribution France
Wednesday, 7 Oct 2015 07:01am EDT 

Societe d'Edition de Canal Plus SA:Announces major agreement with Walt Disney Media Distribution France.This renewal of distribution agreement concerns exclusive premiers of films and VOD by subscription.  Full Article

Walt Disney Co - ESPN to lay off 200-300 employees in coming months- The Big Lead - Reuters
Monday, 21 Sep 2015 08:00pm EDT 

Walt Disney Co:Multiple sources inside and outside of ESPN tell The Big Lead that the network will be laying off “200 to 300” employees in the coming months -The Big Lead.These are the first ESPN layoffs since 2013, and might not be the last, as Disney has notified ESPN to trim $100 million from the 2016 budget and $250 million in 2017 -The Big Lead.  Full Article

Walt Disney Co appoints Executive Vice President and Chief Financial Officer - Form 8-K
Tuesday, 30 Jun 2015 05:02pm EDT 

Walt Disney Co:Has appointed Christine M. McCarthy Senior Executive Vice President and Chief Financial Officer.And has appointed Kevin A. Mayer Senior Executive Vice President and Chief Strategy Officer, each effective July 1.  Full Article

Walt Disney Co declares cash dividend
Wednesday, 24 Jun 2015 04:15pm EDT 

Walt Disney Co:The Walt Disney Company declares cash dividend of $0.66 per share for first half of fiscal 2015.Says disney will begin paying dividends on a semi-annual basis, rather than once a year.Says raises dividend 15% on an annualized basis.  Full Article

Lexibook Linguistic Electronic System announces strategic partnership with Walt Disney
Tuesday, 23 Jun 2015 03:02am EDT 

Lexibook Linguistic Electronic System SA:Announces strategic partnership with The Walt Disney Company around 'star wars' license.  Full Article

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ESPN casts shadow over 'Star Wars' success at Disney

Walt Disney Co's ESPN sports network posted a decline in quarterly profit, overshadowing the blockbuster success of "Star Wars: The Force Awakens," which lifted the company to record income and topped Wall Street expectations.

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