The recent surge of COVID-19 cases has put reopening targets on hold for many U.S. companies. Even companies such as Walt Disney Co (NYSE: DIS) are reeling from the effects. On Thursday, an analyst at Cowen expressed their concern and downgraded Disney stock. Cowen analyst Doug Creutz downgraded Disney from Outperform to
Tag: Walt Disney Company
Disney Pledges $5 Million To Support Nonprofit Organizations That Advance Social Justice
The Walt Disney Company has pledged $5 million to support nonprofit organizations that advance social justice, beginning with a $2 million donation to the NAACP to further their longstanding work promoting social justice by eliminating disparities and racial discrimination through their advocacy and education programs. “The killing of George Floyd
Walt Disney Company issues a statement in a time of unrest in the US
The Walt Disney Company has just issued a statement in this time of unrest due to the killing of George Floyd. Dear Fellow Employee, The recent killing of George Floyd as well as other instances of lethal attacks and harassment of unarmed black citizens in our nation continue to drive
Disney calls on Congress to provide $1 trillion in coronavirus relief to local governments
Business leaders and corporate executives in the state of California are urging members of Congress to approve a budget increase for state and local governments affected by COVID-19. The business leaders are members of California Governor Gavin Newsom’s business recovery task force. Their objective is to help repair the economy
Walt Disney Company Management Changes – Josh D’Amaro Named Chairman, Disney Parks, Experiences and Products
Big news! There have been a few Walt Disney Company Management Changes announced today including the promotion of Josh D’Amaro president of the Walt Disney World Resort. Bob Chapek, Chief Executive Officer of The Walt Disney Company (NYSE: DIS), today announced a new Disney Parks, Experiences and Products leadership team
Saudi Arabia Investment Fund Buys 5 Million Shares in Disney Stocks
A Saudi Arabian wealth fund revealed in a SEC filing how they’ve been pursuing the purchase of U.S. investments. The Securities and Exchange Commission showed how Saudi Arabia’s Pubic Investment Fund recently purchased more than 5 million shares of stock in the Walt Disney Company for under $500 million. To
D23 Celebrates 50 Years of the Walt Disney Archives
The Walt Disney Archives is in its 50th year of carefully collecting authentic Disney artifacts. This June, D23 Gold Members will get an exclusive inside look into the 5 decades of the archives in a special Disney twenty-three issue. The D23: Official Disney Fan Club is celebrating the 50th anniversary
Disney Plus Now Streaming to Over 54 Million Members
The Disney Plus streaming service keeps growing and reaching families and homes across the globe! Now, that viewers are still under safer at home orders, there has been a great amount of growth to the service. Disney Plus is definitely not slowing down any time soon, that’s for sure. The
Try This At Home: Fun Mickey Bubble Art
As most families are practicing safe social distancing, being at home can feel a bit less magical. With this Mickey Bubble Art tutorial, your family can have some fun creating some Disney magic at home. In order to create your own Mickey Bubble Art, there are a few things you
Disney Credit rating downgraded due to opening concerns
In business-related news, S&P downgraded the Walt Disney Company’s credit rating on Thursday, April 23, 2020. The credit agency based their decision on the impact of the coronavirus pandemic on on Walt Disney’s theme parks and assets with overhead costs. For instance, putting the production of TV and film projects
Cast Member Pantry started to help Fellow Disney Cast Members in Need
The worldwide COVID 19 pandemic has definitely made an impact on Disney parks and resorts. However, there is one Disney Cast Member who is making an impact for fellow Cast Members with a special Cast Member Pantry! Walt Disney World employee, Emily Lartigue, is one of many Cast Members whose
Walt Disney World Donates Snacks and Treats to Orlando Police Department
The Walt Disney World Resort has now been closed since mid-March due to the COVID 19 pandemic. During these times, however, the resort is trying to shine a light in the city of Orlando. This week, the cast members of Walt Disney World went to spread a little magic to
Disney signs $5 Billion credit agreement with Citibank
Last Friday, the Walt Disney Company entered into a new credit agreement with Citibank. The 364-day credit agreement is for up to $5 billion. The filing at Securities and Exchange Commission showed the credit agreement matures on April 9th, 2021. It can be extended if needed. This maneuver helps provide
Bob Iger returning to head up Disney again during the current pandemic
Not that long ago Bob Iger stepped down as CEO of the Walt Disney Company rather suddenly, naming Bob Chapek as his replacement. The news caught many off guard but most of us who follow Disney News day in and day out kinda knew it was coming (he has been
