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Walt Disney Co (DIS)

DIS on New York Consolidated

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23 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Disney is cutting 250 jobs at animation unit - NYT
Wednesday, 14 Sep 2016 08:24pm EDT 

: Disney is cutting 250 jobs at animation unit - NYT .A portion of new layoffs at Walt Disney have hit video game workers - NYT.  Full Article

The Walt Disney Co Q3 earnings per share $1.62 excluding items
Tuesday, 9 Aug 2016 04:15pm EDT 

Walt Disney Co : Q3 earnings per share $1.59 . The walt disney company reports third quarter and nine months earnings for fiscal 2016 . Q3 earnings per share $1.62 excluding items . Walt disney co qtrly revenue $14,277 million versus $13,101 million . Q3 earnings per share view $1.61 -- Thomson Reuters I/B/E/S . Qtrly parks and resorts revenue $4,379 million versus $4,131 million last year . Qtrly studio entertainment revenue $2,847 million versus $2,040 million last year . Q3 revenue view $14.15 billion -- Thomson Reuters I/B/E/S . Qtrly media networks revenue $5,906 million versus $5,768 million last year .Says qtrly cable networks operating income increased 1% to $2.1 billion.  Full Article

The Walt Disney Company acquires minority stake in Bamtech
Tuesday, 9 Aug 2016 04:15pm EDT 

Walt Disney Co : Under terms of transaction, disney will pay $1 billion in two installments . Bamtech will become a key partner for Disney in delivery, support of streaming video, other digital products from Disney|ABC television group and ESPN . Bamtech will also collaborate with espn to launch and distribute a new espn-branded multi-sport subscription streaming service in future . As part of transaction, Bamtech was separated from mlb's broader digital business, mlb advanced media . The Walt Disney Company acquires minority stake in Bamtech . New ESPN-branded multi-sport direct-to-consumer service to be launched . Disney has option to acquire majority ownership in coming years . Acquiring a 33% stake in Bamtech, leading technology services and video streaming company previously formed by major league baseball . "current content on espn's linear networks will not appear on new subscription streaming service" .Following acquisition of stake in Bamtech, national hockey league received a minority interest in Bamtech, as result of previous agreement.  Full Article

Walt Disney says it has filed for a debt shelf, size undisclosed
Wednesday, 20 Jul 2016 02:50pm EDT 

Walt Disney Co : Says it has filed for a debt shelf; size undisclosed - SEC Filing Source - http://bit.ly/29W7RIz Further company coverage: [DIS.N] (Bengaluru Newsroom; +1 646 223 8780).  Full Article

S&P rates The Walt Disney Co's proposed senior unsecured notes 'A'
Thursday, 7 Jul 2016 01:48pm EDT 

S&P Global Ratings:The Walt Disney Co's proposed senior unsecured notes rated 'A'.  Full Article

Disney to buy one-third stake in MLB video unit for $3.5 bln - TheFly, citing Bloomberg
Thursday, 30 Jun 2016 04:00pm EDT 

:Disney to buy one-third stake in MLB video unit for $3.5b - TheFly, citing Bloomberg.  Full Article

Walt Disney says declares semi-annual cash dividend of $0.71 per share
Wednesday, 29 Jun 2016 04:15pm EDT 

Walt Disney Co :Says declares semi-annual cash dividend of $0.71 per share.  Full Article

Walt Disney CEO says no plans currently to extend his contract beyond June 2018- Conf call
Tuesday, 10 May 2016 05:51pm EDT 

Walt Disney : CEO Iger says no plans currently to extend his contract beyond June 2018 - Conf call . "Shift of Easter holiday period will also have an impact on parks' Q3 results as holiday period fell in Q2 this year, " - Conf call Further company coverage: [DIS.N] ((Bengaluru Newsroom) ((+1 646 223 8780;))).  Full Article

Walt Disney Q2 earnings per share $1.36 excluding items
Tuesday, 10 May 2016 04:15pm EDT 

Walt Disney Co : Walt Disney Co says Q2 revenue $12,969 million versus $12,461 million last year . Q2 revenue view $13.19 billion -- Thomson Reuters I/B/E/S . Walt Disney Co Q2 studio entertainment revenue $2,062 million versus $1,685 million . Qtrly parks and resorts revenue $3,928 million versus $3,760 million last year . Qtrly media networks revenue $5,793 million versus $5,810 million last year . Qtrly cable networks revenues for quarter decreased 2% to $4.0 billion . Qtrly operating income in cable networks increased 12% to $2.0 billion due to an increase at ESPN . Qtrly increase in operating income at ESPN was due to benefit of lower programming costs and higher affiliate revenues . Items affecting comparability in quarter included $147 million charge in connection with discontinuation of self-published console games business . The Walt Disney Company reports second quarter and six months earnings for fiscal 2016 . Q2 earnings per share $1.36 excluding items . Q2 earnings per share $1.30 .Q2 earnings per share view $1.40 -- Thomson Reuters I/B/E/S.  Full Article

Walt Disney Co - Dubai bans 50 hazardous toys - GULNEW
Wednesday, 2 Mar 2016 02:53am EST 

Walt Disney Co:Authorities are cracking down on hazardous toys and according to recently released statistics, Dubai Municipality has banned 50 toy brands in the first seven months of 2015. - GULNEW.The toys either contained objects that were either sharp or small enough to be ingested, made up of flammable materials, or did not have sufficient strength to withstand regular wear and tear.The report also showed that several cases of make-up targeted towards young girls were also classified as toys that failed to pass the municipality's inspections.which included the Small Twin Heart Make-Up Kit, made in China, which featured Disney's Frozen characters - as it contained sharp edges that, "may present an unreasonable risk of injury related to cuts and lacerations.".Other banned toys included in the list were magnetic letters manufactured in China, labelled as hazardous as it contained small pieces that were associated with the ingestion of strong magnets, in addition to a Halloween latex mask of a witch (made in Sri Lanka) that contained flammable materials.  Full Article

Spider-Man toy contract dispute ends in Marvel's favor

By Andrew Chung The inventor of a toy that mimics Spider-Man by discharging foam string from a glove, whose bid for royalties from Walt Disney Co's Marvel Entertainment was shot down last year by the U.S. Supreme Court, has lost a separate contract dispute with the company.