Disney has tapped James Gorman to replace Mark Parker as the company's next chairman, effective in January, as the media giant lays the groundwork to name a successor for CEO Bob Iger in early 2026, the company said Monday.Gorman joined Disney's board less than a year ago and was named the head of the succession planning committee in August. He will continue to lead that committee after he takes over as board chairman from Nike Executive Chairman Parker."The Disney board has benefited tremendously from Jame ...

The House of Mouse is recovering aggressively from the devastations caused by the pandemic.Disney (DIS 0.77%) is one of the most recognizable brands in the world, but that does not necessarily make it a good investment.*Stock prices used were the afternoon prices of Oct. 15, 2024. The video was published on Oct. 17, 2024. ...

Disney World and Disneyland introduce a new premium-priced ticket.There's going to be a new way to make the most out of a day at one of Walt Disney's (DIS -0.79%) domestic theme parks. It will be pretty spectacular. It's also not going to come cheap.The world's largest theme park operator is piloting a new attraction entry pass called Lightning Lane Premier Pass, giving those willing to pay between $129 and $449 a day of unprecedented access to a park's most popular attractions. Only a limited number of the ...

A new cake shop, located at Disney's Florida theme park, is opening this fall and is being criticized for its high prices, with fans calling the cost of some food items "obscene" and "offensive." The Cake Bake Shop by Gwendolyn Rogers on the BoardWalk at Disney World in Orlando is set to open on a not yet disclosed date later this year after replacing the ESPN Club, which closed in 2020 amid the COVID-19 pandemic, but Disney fans are criticizing the shop's menu prices ahead of its opening."These prices are ...

Disney's original theme park resort announced higher ticket prices this week. It's not as bad as you think.Walt Disney's (DIS -0.20%) domestic theme parks are dealing with windstorms on both coasts this week. The situation in Florida is making national headlines. Disney World -- as well as the area's other popular gated attractions -- closed on Thursday in the aftermath of Hurricane Milton slicing through the state overnight. Disney's iconic Florida parks closed early on Wednesday afternoon ahead of the cat ...

The Walt Disney Company is hiking the prices of tickets for admission to its two Southern California theme parks by about 6% on the busiest days.Weekends and holidays, which are the highest volume days in terms of visitors to Disneyland and California Adventure, will be hiked 6.2% from $194 to $206 a day effective immediately, the company announced on Wednesday.Anyone looking to hop between the two parks will need to fork over another $65, which remains unchanged. 3 Weekends and holidays, which are the hi ...

As we approach the end of 2024, investors are closely scrutinizing Disney (DIS) and weighing their options. With its stock trading at a 2-year forward price-to-sales (P/S) multiple of 1.77, compared to the Zacks Media Conglomerates industry average of 1.07X, many are wondering whether Disney represents a buying opportunity or is a stock to sell or hold.Disney's premium valuation relative to its peers reflects the market's continued faith in the company's brand power and diverse revenue streams. However, thi ...

Stock Performance - The Walt Disney Co experienced a quick gain of around 10% in late October 2022, which was later surrendered before a near 17% gain into April 2024 [1] Analyst Background - The analyst is an active trader with over 15 years of market experience in stocks, FX, crypto, and commodities [1] - The analyst holds a master's degree in finance and combines microeconomic studies of company financials with a macroeconomic view [1] Analyst Position - The analyst holds a beneficial long position in The Walt Disney Co through stock ownership, options, or other derivatives [1]

Disney lost nearly $300m on just two movies in 2023 © 2023 MARVEL.Courtesy of Marvel StudiosDisney made an estimated $296.4 million loss at the box office on just two of its Marvel superhero movies in 2023 according to analysis of recently-released financial statements.They reveal that the cost of making The Marvels and Ant-Man and the Wasp: Quantumania came to a staggering $762.4 million (£609.3 million) before Disney banked $124.9 million (£99.4 million) in government incentives bringing its net spending ...

An iconic film series is going from one plus to another, and that's a negative. Fans of Indiana Jones had a rude awakening on Walt Disney's (DIS -0.18%) flagship streaming service earlier this week. The first four of the five films in the iconic movie series were removed from Disney+ on Tuesday. They're now only available on Parmamount Global's (PARA -0.81%) Paramount+ platform. Movies and shows come and go, and studio rival Paramount was and continues to be the distributor of the four classic movies. Howev ...