Walt Disney (DIS -1.86%) is finally in a good place. The stock hit another 52-week high on Tuesday. Disney's 25% gain in 2024 has nearly quadrupled the market's year-to-date gain. Momentum is finally on its side, but Disney shares would still need to shoot another 80% higher to take out the all-time highs it scored three years ago.March may be a quiet month for the House of Mouse, but there's a big date approaching shortly after the page gets ripped from the calendar. Disney will host its annual shareholder ...

Streaming businesses, for the most part, aren't yet profitable. While Netflix has found out a way to make its business work, others are still struggling. One way for them to potentially overcome those obstacles is by joining forces.A recent deal that could transform the streaming wars is a huge joint venture involving Fox, Warner Bros. Discovery, and ESPN, which Walt Disney owns. The companies plan to launch a sports-focused streaming platform which could be available later this year. While this could help ...

Even if you’re as shrewd a trader as Warren Buffett or have a substantial investment portfolio like Bill Gates, it won’t guarantee success against insider trading. And Dan Meuser is regarded as one of the most adept insider traders in US politics.Namely, In terms of portfolio performance for the current quarter, there are notable variations among prominent investors: Warren Buffett +0.9%, Ray Dalio +6.2%, George Soros +6.2%, Bill Gates +9.9%, Carl Icahn +10.3%.However, U.S. Representative Dan Meuser stands ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDisney CEO Bob Iger is finally listening to the people's demands and focusing on quality films — but don't expect that to mean Marvel movies are going away.Speaking at The Morgan Stanley Technolog ...

Summary of The Walt Disney Company Conference Call Company Overview - **Company**: The Walt Disney Company (NYSE: DIS) - **Date**: March 5, 2024 - **Participants**: Bob Iger (CEO), Ben Swinburne (Morgan Stanley Analyst) Key Points Company Health and Strategy - The company has significantly improved over the past 15 months since Bob Iger's return as CEO, addressing various operational issues and focusing on profitability [6][9] - The streaming business is on a path to profitability, with expectations to achieve this by the fourth fiscal quarter of 2024 [9] - The studio has faced challenges but remains a leader in the global box office, with a strong upcoming film slate [7][10] Streaming Business - A new management structure for streaming has been implemented, focusing on cost reduction and technology improvements to enhance customer acquisition and retention [15][16] - Disney+ aims to integrate Hulu into its platform, which has shown to reduce churn rates significantly when bundled [18][27] - The company has removed $7.5 billion in costs, with expectations to exceed this amount, positively impacting the bottom line [15] ESPN and Sports Strategy - ESPN is transitioning to a digital platform, with plans to launch an app-based service available on an à la carte basis [28][32] - The company is focusing on attracting younger audiences who have moved away from traditional cable bundles [31] - ESPN's programming remains strong, with growing ratings for both live sports and related content [30] Studio Performance - The studio is focusing on quality over quantity, with management changes and a commitment to improving the film slate [40][42] - Disney has reduced the output of Marvel films to enhance quality and avoid audience fatigue [43] - Upcoming films include major titles like "Deadpool," "Moana," and "Mufasa," with a strong pipeline through 2026 [45] Parks and Resorts - The company is investing $60 billion over the next 10 years in Parks and Resorts, with 70% allocated to expanding capacity [49] - The Parks segment is experiencing low to mid-teens growth in operating income, indicating strong performance [12][53] - New attractions based on popular IPs like "Avatar" and "Frozen" are being developed to enhance visitor experiences [51][52] Investment in Gaming - Disney's $1.5 billion investment in Epic Games aims to create a Disney universe for engaging with IP through gaming [54][56] - The strategy reflects a long-term vision to leverage Disney's IP in the gaming sector, appealing to younger demographics [55] Joint Ventures and Market Position - Disney is forming a joint venture in India with Reliance to strengthen its market presence while mitigating risks [60] - The company is navigating a contested proxy season with activist investors, emphasizing the complexity of managing its diverse business segments [61][62] Future Outlook - Bob Iger expresses optimism about Disney's future, citing a strong executive team and a robust balance sheet to support growth initiatives [67][68] - The company aims to embrace disruption and continue innovating in the entertainment space [69] Additional Insights - The importance of creativity and accountability in the production process has been highlighted as crucial for future success [7][41] - The integration of technology and content strategy is seen as vital for enhancing profitability in the streaming sector [15][19]

The Walt Disney Company (NYSE:DIS) Morgan Stanley Technology, Media & Telecom Conference March 5, 2024 1:15 PM ET Company Participants Bob Iger - CEO Conference Call Participants Ben Swinburne - Morgan Stanley Unidentified Analyst Certain statements in this discussion may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding expectations, plans or beliefs, strategy or focus, guidance, priorities, plans or opportunitie ...

Disney CEO Bob Iger called the proxy fight being waged by two activist investors a campaign that “is, in a way, designed to distract us, to take our eye off all [that’s] necessary to do what we need to do to generate returns for shareholders.” Nelson Peltz ‘ Trian Partners is fielding two director candidates – himself and former Disney executive Jay Rasulo — and has been aggressively soliciting Disney stockholders. Investment firm Blackwells Capital has nominated three candidates. Shareholders will elect t ...

Walt Disney (DIS) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this entertainment company have returned +17.6% over the past month versus the Zacks S&P 500 composite's +3.6% change. The Zacks Media Conglomerates industry, to which Disney belongs, has gained 9.6% over this period. Now the key question is: Where could the stock be headed in the near term ...

Once upon a time, it was popular among investors to check what Warren Buffett was buying and selling to get inspired and catch a glimpse of the stocks likely to skyrocket. By 2024, while the Oracle of Omaha still holds significant sway, a new and somewhat cynical set of strategies emerged – copying the trades made by U.S. members of Congress.Whatever it may say about the rules governing stock market access of people with some of the most reliable access to insider information, the approach has been highly s ...

The sports streaming venture formed by Fox Corp, Walt Disney and Warner Bros Discovery expects to draw 5 million subscribers in its first five years, Fox boss Lachlan Murdoch said Monday.The new sports-centric service is expected to launch in the fall with hopes of luring an audience Murdoch has dubbed “cord-nevers,” referring to younger viewers who have eschewed traditional cable subscriptions.“We’re running really hard and really fast to get the service up and running before the start of the college footb ...