Tag Archives: Disney

[unable to retrieve full-text content]Iger repelled a coup, but the Disney castle remains under siege  Yahoo Finance Source link

[unable to retrieve full-text content]Disney CEO Bob Iger, Nelson Peltz enter final days of proxy fight — here’s what to know  Yahoo Finance Source link

Disney (DIS) said it will boost its cash dividend by 50% on Wednesday as the entertainment giant reported fiscal first quarter earnings that beat expectations while streaming losses narrowed. Disney reported adjusted earnings of $1.22 a share — a significant beat compared with the $0.99 analysts polled by Bloomberg had expected. The company also guided to full-year fiscal 2024 earnings of $4.60 a share, an increase of at least 20% versus 2023. Revenue came in at $23.5 billion, a slight miss… Source link

A federal judge is dismissing Disney’s (DIS) free speech lawsuit against Florida Governor Ron DeSantis — a big win for the politician amid his ongoing political feud with the media giant. In a court filing obtained by Yahoo Finance, US District Judge Allen Winsor, who was appointed to the federal bench by former President Donald Trump in 2019, granted a motion to dismiss the First Amendment case. The judge determined that Disney’s position “fails on the merits” and ultimately “lacked… Source link

[unable to retrieve full-text content]Disney stock downgraded at KeyBanc on ‘meaningful uncertainty’  Yahoo Finance Source link

[unable to retrieve full-text content]Disney cancels plans to relocate employees to Florida amid DeSantis feud  Yahoo Finance Source link

While Disney (DIS) CEO Bob Iger wages a campaign against proven value creator and activist investor Nelson Peltz, Unilever CEO Alan Jope has embraced the billionaire change agent. Peltz joined the board of consumer products giant Unilever in May 2022 and according to Jope — who has said he will retire in 2023 — has brought “all kinds of good ideas” to the company since then. “His view on what the company needs to do is very aligned with the agenda that we’re working on,” Jope told Yahoo… Source link

Bob Iger will face yet another challenge as Disney (DIS) CEO — activist investor Nelson Peltz. On Wednesday, Disney announced Nike executive chairman Mike Parker will take over Susan Arnold’s position as chairman of the board, and also recommended shareholders vote against Peltz in his efforts to win a seat on the company’s board. “While senior leadership of The Walt Disney Company and its Board of Directors have engaged with Mr. Peltz numerous times over the last few months, the Board does… Source link

Disney (DIS) Tokyo, Japan – December 14, 2012: Minnie Mouse in the red coat waving her hand in daytime Parade at Tokyo-Disneyland, Tokyo, Japan. Shares of media giant Disney rose in after hours following the announcement of Mark Parker as chairman of the board. Parker has been executive chairman of Nike and has been a member of the board of Disney for the last seven years. Share of Nike stayed flat in after-hours. Parker will succeed Susan Arnold, who will not stand for re-election due to the… Source link

Wells Fargo is predicting big things for Disney’s (DIS) sports network ESPN in 2023. In a new note published on Tuesday, Wells Fargo analyst Steve Cahall outlined the firm’s top predictions for the media business in 2023, and made a big call about the future of ESPN under Bob Iger’s leadership at Disney. “DIS will begin the spin-off process for ESPN & ABC including launching ESPN in streaming a la carte,” Cahall wrote. “Cost rationalization and balance sheet options are critical to reaching… Source link