All articles tagged with #walt disney
Disney announced a major update to the Carousel of Progress at Magic Kingdom, including a new intro featuring an animatronic Walt Disney, celebrating the attraction's history and legacy while introducing fresh elements for new generations.
Bob Iger reflects on Walt Disney's original vision for Disneyland as it celebrates its 70th anniversary, emphasizing the park's ongoing expansion and the importance of cast members in bringing Walt Disney's dream to life.
Disneyland celebrates its 70th anniversary by introducing 'Walt Disney - A Magical Life,' a new show featuring a highly realistic Audio-Animatronic of Walt Disney that honors his legacy through a film and a life-sized figure, emphasizing his story, achievements, and enduring influence on entertainment and innovation.
Disneyland has unveiled a groundbreaking new attraction, 'Walt Disney – A Magical Life,' featuring an incredibly lifelike audio-animatronic of Walt Disney that moves and speaks with remarkable realism, created through seven years of engineering and meticulous attention to detail to honor Disney's legacy and enhance visitor immersion.
Disney has introduced a highly realistic animatronic of Walt Disney at Disneyland's 70th anniversary, designed to share his story and legacy with visitors, blending advanced technology with nostalgia. The figure is a significant technological achievement, aiming to connect guests with Disney's founder in a new, immersive way, though it raises questions about the ethics and implications of lifelike robotic representations of historical figures.
Disney has unveiled the first image and video of a highly lifelike Walt Disney Audio-Animatronic figure, debuting on July 17, 2025, at Disneyland's new Main Street Opera House attraction, as part of the 70th anniversary celebration. This marks the first time Walt has been portrayed through this technology, featuring advanced facial mechanics, realistic skin, and natural gestures, in a show that combines a cinematic biography with a re-creation of his Burbank office. The attraction also includes a redesigned theater with a rotating stage and new exhibits, offering an immersive experience into Walt's life and legacy.
U.S. stocks edged higher amid trade negotiations, with Walt Disney acquiring full control of Hulu, J.M. Smucker warning on economic conditions, and McDonald's facing a downgrade due to declining foot traffic. Energy stocks rose on optimism about trade talks, while some food companies and United Natural Foods experienced declines due to operational issues and cyberattacks.
Barclays analyst Kannan Venkateshwar upgraded Walt Disney stock to overweight with a $135 price target, citing potential 17% upside as the company improves its financial performance. Despite a proxy battle with activist investors, the analyst believes better-than-expected earnings results could support the stock's valuation. Disney aims to achieve $7.5 billion in cost savings and is investing in growth initiatives, with the stock still trading over 40% below its previous high, presenting potential for further upside.
Nelson Peltz's Trian Fund Management withheld its votes from Walt Disney CEO Bob Iger in the ongoing proxy battle, despite publicly stating a desire to work together with management if elected to the Disney board. This move contradicts Trian's proxy recommendations and raises questions about the potential toxicity of the boardroom if Peltz is elected. Disney has nominated a slate of 12 directors, including Iger, while Trian is recommending shareholders vote for Peltz and former Disney CFO Jay Rasulo and withhold votes for two Disney nominees.
The grandchildren of Walt Disney and Roy O. Disney have publicly supported CEO Bob Iger and the current management of the Walt Disney Company in the face of a proxy fight with investment firms seeking to change the company's board. They emphasized the company's tradition of creating magic and storytelling, expressing opposition to the activist investors' nominations and highlighting the importance of preserving Disney's legacy. The family's support carries weight, as a similar shareholder revolt two decades ago was led by the late Roy E. Disney.
Reliance Industries and Walt Disney have announced the merger of their India TV and streaming media assets, creating an $8.5 billion entertainment powerhouse with Reliance holding a majority stake. The merger aims to address Disney's struggles in the Indian market, particularly in its streaming business, and will give Reliance significant bargaining power in advertising contracts. The combined entity will have 120 TV channels, two streaming platforms, and cricket rights, positioning it as a major player in India's media and entertainment sector.
Disney's stock price surged 11.5% following a strong quarterly report, with revenue flat at $23.5 billion but growth in direct-to-consumer streaming and experiences segments. Adjusted earnings per share rose, and the company aims to be profitable in streaming by September. CEO Bob Iger announced a dividend raise, a partnership with Epic Games, and the exclusive streaming of Taylor Swift's concert film. Disney is making moves to strengthen its product offerings and expand its streaming business, with potential for substantial growth in the future.
Walt Disney's shares surged 11% after the company's quarterly report, which included a 50% increase in its dividend, signaling confidence in its transformation and improving financials. With adjusted earnings per share up and full-year earnings expected to increase, Disney's CEO and CFO expressed optimism about the company's future as a strong cash generator and earnings compounder. Additionally, Disney's board authorized $3 billion for share repurchases, highlighting management's confidence in its stock's long-term performance potential.
Walt Disney's shares surged 11% after announcing a 50% increase in its semi-annual dividend, signaling confidence in its transformation and improving financials. The company's adjusted earnings per share for the first quarter of fiscal 2024 were up, and management expects full-year earnings per share to increase by at least 20% versus 2023. With plans to become a strong cash generator and earnings compounder, Disney also authorized $3 billion for share repurchases, highlighting its improving financials and confidence in long-term stock performance.
The Walt Disney Company's latest quarterly results exceeded expectations, with a 21% increase in earnings per share (EPS) compared to forecasts. Analysts are now forecasting a 3.4% improvement in revenue and a 135% jump in per-share earnings for 2024. Despite a slowdown in revenue growth compared to the industry average, analysts have raised their price targets, indicating improved sentiment around Disney's earnings potential. However, the wide range of analyst price targets suggests uncertainty about the company's future performance.