DIS - The Walt Disney Company

NYSE - NYSE Delayed Price. Currency in USD
112.18
-0.83 (-0.73%)
At close: 4:02PM EDT
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Previous Close113.01
Open115.00
Bid112.32 x 1300
Ask112.48 x 1200
Day's Range112.00 - 115.10
52 Week Range79.07 - 153.41
Volume10,311,966
Avg. Volume18,129,283
Market Cap202.627B
Beta (5Y Monthly)1.11
PE Ratio (TTM)37.78
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateDec. 13, 2019
1y Target EstN/A
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    4 Reasons Electronic Arts' "Star Wars: Squadrons” Could Be a Big Deal

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    Will Disney World Really Open This Month?

    The world's most popular theme park resort is now a week away from the resumption of its gated attractions. It's going to happen.

  • Disney Finds New Avenue for Revenue in Partnership With Ford
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    Disney Finds New Avenue for Revenue in Partnership With Ford

    Entertainment giant Walt Disney (NYSE: DIS) has been suffering for the past few months while its parks and experiences were closed, and only a few have recently reopened. Its main revenue driver during the COVID-19 pandemic has been its streaming services, and it's been finding innovative ways to make them more profitable, such as releasing new films straight to streaming. A new partnership with the Ford Motor Company (NYSE: F) is another path to bringing in much-needed cash.

  • Ford, Disney partner for Bronco deal
    Yahoo Finance Video

    Ford, Disney partner for Bronco deal

    Yahoo Finance’s Rick Newman joins The First Trade to discuss Ford’s latest partnership with Disney to unveil its Bronco SUV in July.

  • Comcast (CMCSA) Peacock Adds Content From ViacomCBS Library
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    Comcast (CMCSA) Peacock Adds Content From ViacomCBS Library

    Comcast (CMCSA) owned NBCUniversal signs licensing deal with ViacomCBS to add select Paramount movies and Showtime content on Peacock streaming platform after its launch on Jul 15.

  • Overpaying for TV Again? Get Used to It.
    Bloomberg

    Overpaying for TV Again? Get Used to It.

    (Bloomberg Opinion) -- If you’re considering making the switch from cable TV to streaming to save money, I have some bad news for you. YouTube TV, a streaming-video service owned by Google’s parent Alphabet Inc., just raised its monthly subscription fee from an already steep $50 to an even steeper $65. To put that into perspective, the $15 rate hike is more than the price of one whole month of Netflix. Tack on the cost of an internet connection, which is needed to stream, and YouTube TV starts to look like not much more than a glorified cable package. It’s emblematic of a broader industry conundrum: a need to raise prices that are already too high from a consumer’s standpoint, yet not high enough for streaming companies to have any hope of turning a profit. YouTube TV has been a favorite among cord-cutters, in part because it tends to have fewer annoying glitches and more content. But $65 may change even some of their minds, especially with the U.S. economy sputtering. The app is in a category known as skinny bundles, which offer a few dozen live channels over the internet (though they’ve gotten chubbier over time as media giants try to stuff in all the channels they can). There’s been a proliferation of services like it in recent years, and yet none has quite been able to replicate cable affordably with the customization that consumers want. They all lose money, according to analysts, YouTube TV included. Sony’s PlayStation Vue — which was also well-liked by those who used it — shut down earlier this year, saying that it was too expensive to compete given the cost of programming.Sony probably won’t be the last company to give up on the streaming wars. Quibi, the startup created by Hollywood veteran Jeffrey Katzenberg — he was the “K” in DreamWorks SKG (the “S” was Steven Spielberg) — looks to be hanging on by a thread. The 90-day free trials that Quibi offered at its launch begin to expire July 5. Will enough consumers be willing to pay $5 a month for its service? It’s not looking likely.Quibi’s $5 may sound cheap compared to YouTube TV’s $65, but you get what you pay for, and the wide range of prices in the streaming industry is indicative of that. For example, even though Disney+ contains high-quality content from its beloved “Star Wars” and Marvel franchises, the app doesn’t have much else, hence it charges just $7 a month. At $13, Netflix still probably offers the best bang for your buck. YouTube TV did say it’s “working to build new flexible models,” which could signal different tiers of pricing in the future. In a dream world, consumers could just choose from a-la-carte menus, but that’s not in the best interest of programmers and distributors. Both sides have turned to megamergers in the last few years — AT&T-Time Warner, Charter-Time Warner Cable, CBS-Viacom, etc. — to regain negotiating power over one another and to stand a chance of taking on tech giants such as Google. Programmers use their scale to force their entire network portfolios onto streaming apps so that their less-popular ones don’t get left out.YouTube TV’s latest price increase comes on the heels of it adding eight of ViacomCBS Inc.’s top networks to its lineup, including BET, MTV and Nickelodeon, with six more niche ones on the way, including MTV Classic and TeenNick. To be fair, though, each of those is relatively inexpensive. What usually makes TV packages so costly is live sports — and that’s true even with most sports off the air this year due to the Covid-19 pandemic. Walt Disney Co.’s ESPN+ is reportedly raising its fee by $1, to $6 a month.If YouTube TV can get away with its new rate, then Netflix probably has room to raise its own price some. That prospect drove Netflix shares to a new all-time-high closing price of $485.64 on Wednesday, giving it a mind-boggling valuation of 42 times Ebitda. YouTube TV is the closest you’ll get to a traditional cable package, in that it has lots of live-TV channels, including sports, and common add-on options such as HBO and Showtime. But if you want streaming to look like cable, you’ve got to pay cable prices. Not even Google will eat those losses forever. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • How Roku and Other Advertising Technology Companies Are Upending Traditional TV
    Motley Fool

    How Roku and Other Advertising Technology Companies Are Upending Traditional TV

    In late February, I wrote an article that suggested that Comcast (NASDAQ: CMCSA) -- parent to NBCUniversal and ultimate owner of new streaming service called Peacock -- was in a league of its own in terms of next-generation advertising technology. Just within the past few days, Roku (NASDAQ: ROKU), Tubi, and Walt Disney (NYSE: DIS) division Hulu all unveiled new technologies that will make the most of their ad-supported streaming platforms.

  • Why Cedar Fair Stock Fell 14% in June
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    Why Cedar Fair Stock Fell 14% in June

    What happened Cedar Fair (NYSE: FUN) shareholders lost ground to the market last month as their stock fell 14% compared to a 1.8% boost in the S&P 500, according to data provided by S&P Global Market Intelligence.

  • The Covid Surge Will Slam Southern States’ Economies
    Bloomberg

    The Covid Surge Will Slam Southern States’ Economies

    (Bloomberg Opinion) -- Coronavirus is exploding in big southern states such as Texas, Florida, and Arizona. This entirely preventable disaster will have devastating consequences for these states’ economies.The outbreaks that slammed the Northeast and much of the Midwest in the spring are now mostly under control. But in much of the South and the West, the virus is now on the rampage. Hopes that the summer sun would suppress the disease have been dashed -- in fact, by driving people inside to mingle in air-conditioned spaces, the heat may be facilitating the spread.This was a human blunder. Leaders such as Texas governor Greg Abbott and Florida governor Ron DeSantis started reopening their state’s economies in early May, long before the threat of the virus had passed. And many voters scoffed at the threat of the virus; some even loudly disdained the practice of mask-wearing.Fortunately, death rates are not yet as high as they were during the epidemic’s Northeastern wave -- possibly because society is doing a better job of isolating the old and vulnerable, possibly because treatments like dexamethasone are saving the lives of the critically ill. But even those who survive the virus often suffer severe long-term health problems.In any case, the economies of states like Florida and Texas are going to take a big hit. Research shows that fear of coronavirus, rather than lockdown policies, is responsible for the vast majority of the economic impact of an outbreak. This will be true of the new wave as well. Already, restaurant reservations -- an early bellwether of virus avoidance behavior -- are falling in the new epicenters:The obvious losses will accrue to local service businesses -- restaurants, bars, brick-and-mortar stores. But the hit to tourism could be even more damaging. The industry is Florida’s largest, accounting for an estimated 11% of the state’s gross domestic product. . Although less famous for beaches and amusement parks, Texas took in $164 billion from tourism in 2018 (more in dollar terms than Florida’s $112 billion). Arizona and Southern California also depend a lot on the sector. All these places will suffer, as their names become more associated with uncontrolled disease than with sunshine and fun.Health care is another vulnerable Sun Belt industry. Hospitals and medical offices are some of the most obvious places to catch coronavirus, so people suffering non-life-threatening problems or needing routine care will tend to stay away. The sector generates about $150 billion a year in Texas and $132 billion in Florida, and has recently been the single biggest driver of job growth in Arizona.  These tentpole industries are important because they bring in outside dollars. Reduced tourism echoes through a state’s economy, as fewer tourist dollars mean less spending by locals. Less health care spending hurts cities, as fewer people drive in from surrounding towns to see the doctor. Reductions in tax revenue hurt education, infrastructure, transportation, and everything else state and local governments spend money on.It’s important to reiterate that these economic losses will not stem from lockdown policies. Even if Florida chooses to keep Disney World open, people will be scared to go there. Allowing routine medical procedures won’t make hospitals any less terrifying.Instead, the losses are the direct result of a failure to control the virus itself. Texas, Florida, Arizona and California have lagged badly in terms of hiring contact tracers, so they can’t use test-and-trace approaches to contain the pandemic. They also have avoided strict mask requirements in public places, despite masks being proven to reduce spread. And they opened restaurants, bars, and other high-risk crowded indoor spaces too soon. Thus, when the economic hit comes, they will largely have themselves to blame.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Noah Smith is a Bloomberg Opinion columnist. He was an assistant professor of finance at Stony Brook University, and he blogs at Noahpinion.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Can DraftKings Be the Netflix of Online Betting?
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    When Netflix (NASDAQ: NFLX) first pivoted to streaming content from mailed DVDs, it was a relatively small company. It faced potential competition from major players like Disney (NYSE: DIS), Comcast, HBO (which was then owned by Time Warner, but is now owned by AT&T (NYSE: T)), and even Blockbuster. All of those companies could have squashed Netflix by competing with the current streaming leader's moves in 2007.

  • Reuters

    CORRECTED-NBCU's Peacock strikes deal with ViacomCBS to stream 'The Godfather' and others

    Comcast Corp's NBCUniversal has struck a deal with ViacomCBS Inc to bring "The Godfather" trilogy, "Undercover Boss" and other hit franchises to the upcoming Peacock streaming video platform, the companies announced on Wednesday. Peacock, set to launch nationally on July 15 on mobile devices, Web and connected television platforms, will compete against Netflix Inc, Amazon.com Inc Prime Video, Walt Disney Co's Disney+, Hulu, and AT&T Inc's HBO Max in the fight for paying subscribers.

  • NBCUniversal's Streaming Service Peacock Will Launch With Some ViacomCBS Content
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    Competing studios and media owners are starting to cooperate on a limited basis in order to maximize revenue.

  • Virtual MVPDs Are Suffering the Same Fate as Traditional Cable
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    Virtual MVPDs Are Suffering the Same Fate as Traditional Cable

    Google's YouTube TV is raising its monthly rate from $50 to $65. The company cited those additional channels, its deal with AT&T (NYSE: T) to offer subscribers HBO Max, as well as some new features in its price increase announcement. YouTube TV had been the lowest-priced virtual multichannel video programming distributor (vMVPD) that offered a full-fledged cable subscription replacement.

  • Streaming TV services increase prices
    Yahoo Finance Video

    Streaming TV services increase prices

    Streaming platforms YouTube TV and FuboTV raised its service prices for customers. Yahoo Finance’s Tech Editor Dan Howley weighs in.

  • Why Cinemark Holdings Is Jumping 11% Today
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    Why Cinemark Holdings Is Jumping 11% Today

    Shares of Cinemark Holdings (NYSE: CNK) jumped over 11% in morning trading a day after the company said it was pushing its movie theater reopening to July 24 to better align with new content from Hollywood. Reopening theaters is the essential next step for the survival of Cinemark and the industry. Peer AMC Entertainment (NYSE: AMC) continues to walk the tightrope between solvency and bankruptcy, but opening movie houses with little to no content to show is self-defeating.

  • 5 Stocks I'll Hold Forever
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    5 Stocks I'll Hold Forever

    Holding a stock over a very long period of time allows us to look past the day-to-day volatility of the market and allow a company to grow into what it can be years or decades from now. With that time horizon in mind, Disney (NYSE: DIS), Apple (NASDAQ: AAPL), Verizon (NYSE: VZ), Visa (NYSE: V), and Axon (NASDAQ: AAXN) are my buy-and-hold-forever stocks. Cable has been disrupted by streaming, and new entrants like Netflix (NASDAQ: NFLX) and Amazon (NASDAQ: AMZN) are now among the strongest players in the industry.

  • Google’s YouTube TV raises prices
    Yahoo Finance Video

    Google’s YouTube TV raises prices

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  • Facebook Boycott Adds to an Already Bleak Year for Advertising
    Bloomberg

    Facebook Boycott Adds to an Already Bleak Year for Advertising

    (Bloomberg) -- Long before an uproar over online hate speech prompted hundreds of marketers to cut summer social media budgets, 2020 was turning out to be a dismal year for the global advertising industry.Total ad spending will fall 12% this year, compared with a 6.2% gain in 2019, according to GroupM, a division of advertising giant WPP Plc. That’s the biggest contraction in at least a decade. As the global pandemic spread around the world and consumer spending slowed to a trickle, many corporations targeted marketing as a fast, early way to cut costs.One ad agency executive said third-quarter buying would be down 20% to 30%. New deals were being struck with “force majeure” clauses that would allow advertisers to pull out if a second wave of the virus caused new shutdowns, said the executive, who requested anonymity discussing internal financial figures. In the U.S., hopes that the virus would slow by summer are fading as states that had begun opening up move to shut down again because of a jump in cases.Against this backdrop, advertisers are making another shift. Big companies around the world have said they’ll pause spending on social media, several of them singling out Facebook Inc., because they don’t want marketing messages appearing alongside the vitriol and disinformation. Many are heeding the call from a consortium of civil rights and other advocacy groups, including Color of Change and the Anti-Defamation League, to stop spending on Facebook for July to protest the company’s failure to police harmful content.The pause creates a way for many companies to take a public stance against hate while at the same time providing a concrete reason to trim marketing budgets or, in some cases, experiment with alternatives to traditional social media, such as Amazon.com Inc. or ByteDance’s TikTok. “While many brands were planning on pulling back ad spend anyways, a portion of Facebook-allocated dollars may end up on Snapchat, Pinterest, Amazon, Walmart, etc.,” Mark Shmulik, an analyst at Sanford C. Bernstein, wrote in a recent research note.Ad budgets are an indicator of corporate sentiment toward the world economy. Confidence and growth leads to bigger budgets and higher ad prices. Ad spending cratered in March and April as businesses shut and people stayed home to comply with lockdown orders.In interviews earlier in the year, ad execs were mostly hopeful that the pain would end once quarantines lifted and the economy rebounded. But behind the scenes, the picture was more bleak. Ad agencies, which choose how and when to spend the money companies entrust to them, have cut thousands of jobs. Ad executives who had spent money on spots meant to run during now-canceled sports events tried to recoup the money and find new outlets for it, according to people interviewed by Bloomberg who asked not to be identified discussing private negotiations.Despite the larger advertising pullback, a pause for social media platforms like Facebook, Twitter Inc. and YouTube creates an opening for ad upstarts on the digital side. Packaged foods company Conagra Brands Inc. pulled Facebook advertisements, redirecting the money to search and e-commerce ads, a category most likely to benefit online rivals Google and Amazon.Ben & Jerry’s, a division of Unilever, was one of the early brands to join the StopHateForProfit campaign. “The marketing dollars that would have been spent on Facebook will be spent on other channels, including possibly some Black-owned media outlets,” said Chris Miller, the activism manager at Ben & Jerry’s.Even if the boycotts gain momentum and persist for more than a month, Google and Facebook are still likely to benefit in the long-term from the disruption wrought by the pandemic. That’s because these companies offer advertisers the most flexible and direct way to reach consumers; spending can be paused or ramped up on a moment’s notice. The tech giants also benefit from the millions of small businesses that rely heavily on them for day-to-day business and don’t necessarily need to take a public stand on moral issues. “They may grab an even greater market share post COVID-19 than the strong gains we are currently projecting,” Michael Nathanson, an analyst at MoffettNathanson LLC, said of Facebook and Google.The more traditional parts of the ad ecosystem, which still account for around half of advertising spending, are in a riskier position.For the TV industry, the advertising outlook for the rest of 2020 will depend on two still-unanswered questions. One is how much the pandemic-driven recession will accelerate cable-TV cord-cutting. With unemployment high, more people are expected to cancel their TV subscriptions as they tighten their household budgets. That would hurt viewership and the advertising dollars that go with it. The bigger audiences as a result of people being confined to their homes has already started to fall for just about all programming except news as more people venture outdoors again.The other big question is the return of sports. As long as professional and college football starts up again this fall, media companies like Fox Corp., Comcast Corp., Walt Disney Co. and ViacomCBS will likely see a rebound in advertising revenue, analysts say. Brands spent over $4 billion on TV commercials during NFL games last year.Still, some big TV advertisers could be less willing to jump back this year at all. Carmakers like General Motors and Ford, for instance, have been among the top buyers of TV commercials. The global pandemic has disrupted their supply chains and raised doubts about consumers making big purchases like cars.Media companies and TV networks are now under pressure to make their contracts more flexible. TV networks typically prevent advertisers from pulling all of their money out on short notice. That frustrated many advertisers this spring when the pandemic first kicked off the recession. Now, advertisers are pushing for the right to pull more of their money out of a TV network with fewer days notice in case the coronavirus worsens the economic picture. They will, however, likely pay a higher price for that flexibility, according to one TV executive.That could send them back to the digital platforms, regardless of all the commitments to boycott Facebook.“Brands can stop TV ads but they can’t stop things being on social,” said Arron Shepherd, co-founder of global social media and influencer marketing agency Goat.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • WWE Stock's Recovery Requires Big Changes
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    WWE Stock's Recovery Requires Big Changes

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  • Reuters

    REFILE-Mickey Mouse fans 'over the moon' as Tokyo Disney reopens

    Tokyo Disney Resort welcomed visitors on Wednesday for the first time in four months after being closed due to the coronavirus, with fans practicing social distance as they returned to see Mickey Mouse and other beloved characters. Visitors in face masks queuing on floor marks clapped as the gates of the Magic Kingdom reopened, and were encouraged to clean hands, pay without cash and avoid screaming while enjoying one of Japan's largest theme parks. The resort will operate at a 50% capacity for the foreseeable future, while parades and shows remain suspended.

  • Reuters

    COLUMN-One hundred years of certitude? FAANG-like century bonds clean up: Mike Dolan

    Investors who snapped up Austria's first "century bond" three years ago would have so far doubled their money, outpacing the racy Nasdaq composite with a total return of 101% in dollar terms. Last week, Austria received orders of almost 10 times more than it needed for a brand new 100-year bond, paying an annual coupon of just 0.85%, which was less than half the previous one. In price terms, Austria's 100-year bond from 2017 has matched the stargazing NYFANG+TM index, which includes the FAANGs of Facebook, Apple, Amazon, Netflix and Google-parent Alphabet.

  • Reuters

    INSIGHT-The billionaire, Bollywood and the future of Indian soccer

    A storm could be brewing in India's top-flight soccer, a glamorous and acrimonious world that encompasses Asia's richest man, the cream of Bollywood and a self-styled former gangster. Mukesh Ambani, the billionaire tycoon who commands the Reliance Industries corporate empire that owns the Indian Super League, is facing pushback to his family's dominance from some executives in the country's soccer association and clubs.