A Delaware judge ruled that The Walt Disney Company did not act negligently when speaking out against Florida’s Parental Rights in Education bill last year, Reuters reports. Simeone v. Disney In December 2022, Disney investor Kenneth Simeone sued the company for creating “far-reaching financial risks” by criticizing what is colloquially referred to as the “Don’t … Read more
Former CEO Bob Chapek, current CFO Christine McCarthy, and former Entertainment Chief Kareem Daniel are listed as defendants in a new lawsuit filed against the Walt Disney Company. The lawsuit claims the corporation restructured last year during Chapek’s leadership only to create a fraudulent scheme, hiding Disney+ streaming costs in order to deceive investors of … Read more
According to a recent report by Deadline, the Walt Disney Company is set to begin a series of company-wide layoffs next week ahead of their April 3 virtual shareholders meeting. Just last week, executives at The Walt Disney Company were asked by CEO Bob Iger to identify thousands of potential layoff candidates in an effort … Read more
On Monday, March 28, we expect to hear some big announcements from the Investors Experience event, which seeks to promote the Parks and Experiences sector to investors. A stock analyst at Guggenheim investments remains optimistic about the growth of Disney’s (NYSE: DIS) stock ahead of the Parks Investor Experience on March 28. Disney has not … Read more
During today’s Fiscal Full Year and Q4 2020 Earnings Results webcast, Disney CFO Christine McCarthy has indicated that the Disney Parks division anticipates Disneyland Resort will remain closed through end of the fiscal first quarter in 2021, or at least until January 2021. This aligns with the current California state guidelines for reopening, as Orange County must … Read more
Disney CEO Bob Chapek has confirmed that the Walt Disney World theme parks are currently operating at 35% capacity, increased from 25%. This was made possible due to innovations in attraction operations while maintaining health and safety guidelines. Examples of this include the installation of plexiglass dividers at most attractions, including Star Wars: Rise of the … Read more
During today’s Fiscal Full Year and Q4 2020 Earnings Results webcast, Disney CFO Christine McCarthy has indicated that Disney Park Pass reservations for Walt Disney World are currently 77% booked for Q1 2021, or the current holiday season through December. Thanksgiving was noted as being “close to capacity”—do note that during this webcast it was also revealed … Read more
For the first time in over forty years, Disney has reported an annual net loss. Disney reported fiscal fourth-quarter losses Thursday of $710 million, or 39 cents a share, its second consecutive quarterly loss on a GAAP basis. Disney had not previously reported a quarterly loss since April 2001, when a large charge for the shuttering … Read more
The Walt Disney Company has released the Q4 earnings report for 2020, beating expectations with $14 billion in revenue, but still experiencing loss in the Disney Parks, Experiences and Products segment, as a number of parks, such as Disneyland Resort are still shuttered. You can read the full financial results here. The Disney Parks sector … Read more
The Walt Disney Company has released the full fiscal year and Q4 earnings report for 2020, beating expectations with $14 billion in revenue. You can read the full release below. The Walt Disney Company (NYSE: DIS) today reported earnings for its fourth quarter and fiscal year ended October 3, 2020. Diluted earnings per share (EPS) … Read more