The Walt Disney Company (NYSE: DIS) Board of Directors announced today that Bob Chapek has been named Chief Executive Officer, The Walt Disney Company, effective immediately. Mr. Chapek most recently served as Chairman of Disney Parks, Experiences and Products. Robert A. Iger assumes the role of Executive Chairman and will
Tag: walt disney co
Disney Stock Prices Soar After Disney+ Launch
Disney+ launched this week and reached it’s 10 millionth subscriber within the first day. Naturally, the Walt Disney Co stock rose and it notched its biggest one-day gain in seven months! Disney DIS, -1.06% gained 7.3% to close at $148.72, an all-time high for the stock, on Wednesday. Shares of
Disney+ Reached 10 Million Sign-Ups Since its Launch
Disney’s new streaming service, Disney+, reached 10 million sign-ups since launching yesterday, Nov. 12th. Users in the United States, Canada, and the Netherlands rushed to access the service as soon as it was available. This may have been the cause of some of the glitches Disney+ was having. In April
Pirates of the Caribbean Copyright Infringement Lawsuit Against Disney Dropped
Pirates of the Caribbean Copyright Infringement Lawsuit Against Disney Dropped The U.S. District Court for the Central District of California has ruled that the Walt Disney Co.’s “Pirates of the Caribbean” movie franchise didn’t lift copyright protectable elements from a screenplay. According to a lawsuit filed, two writers and a
Disney Contributes to Florida GOP Governor Hopefuls
The Florida Governor’s election is well over a year away, however the Walt Disney World Company has placed their financial support behind several GOP hopefuls. Florida Grown, a committee supporting Florida Agriculture Commissioner Adam Putnam, has been the recipient of a total of $400,648 in donations since 2015. The
Could Verizon Be Considering a Disney Takeover?
The Wall Street rumor mill was swirling last week with the news that Verizon Communications may be considering a takeover of Walt Disney Co. This is a result of a piece that ran in the New York Post on Saturday. According to the report, Verizon has already purchased both AOL
The ABC Network extends it’s Oscar Run through 2028
The Walt Disney Co. broadcast network and the Academy of Motion Picture Arts and Sciences said Wednesday that they had renewed their domestic TV rights deal for another eight years, keeping the Oscar telecast firmly on ABC for another decade. The previous pact was set to expire in 2020. ABC
Tom Staggs is the New Chief Operating Officer of the Walt Disney Co.
Disney announced Thursday that Tom Staggs is officially the new C.O.O. of the Walt Disney Co. He is a 25 year Disney veteran and has held a few positions throughout the company. He will take on his new role immediately, while still running the Parks and Resorts division until they
Disney Copyright Lawsuit against Limewire
Walt Disney Co. and other movie and T.V. studios have asked a federal court to dismiss their copyright-infringement case against the file-sharing website Lime Wire and its founder, Mark Gorton, according to a Nov. 7 court filing. The studios, including Viacom Inc., News Corp.’s Twentieth Century Fox Film and Time Warner Inc.’s Warner
Top 5 Must Watch DISNEY Christmas Specials to get you in the Christmas Spirit
Another holiday is upon us – Christmas is only 6 weeks away! Can you believe it’s so close? I know I have a ton to do to get ready – bake cookies, wrap presents – which I need to first shop for and purchase, put up decorations, sing carols, oh
Disney Considering Sale of Local T.V. Stations
Walt Disney Co. is looking to hire an investment bank to explore a possible sale of its eight T.V. stations, a move that could make them a ton of money! Disney’s stations are in larger markets like New York, L.A. and Chicago. The is not the first time Disney
ABC To Layoff 2% of Workforce
For those of you who don’t know ABC television is owned by Walt Disney Co. Unfortunately yesterday they begun laying off about 175 people, or 2 percent of its workforce. They say it’s to adjust to changes in viewing habits. The layoffs were prompted by a company-wide review of possible
Ridership dips on Disney Magical Express
Magical Express The number of tourists that Walt Disney World bused away from Orlando International Airport dipped 1 percent during the first half of the year, according to new airport figures. The giant resort’s shuttle-and-luggage service, Disney’s Magical Express, ferried a little more than 1.1 million arriving passengers from the airport to Disney World
Big round of layoffs at Disney news week
A person familiar with the matter says The Walt Disney Co. is preparing to lay off under 5 percent of the employees at its studio, or up to about 250 people, next week. Most of the people work in home video distribution, which was merged with the theatrical distribution division
