Feb 10 · 12:58:00 PM · Source: Company Press Release

The Walt Disney Company today reported earnings for its first fiscal quarter ended January 2, 2010. Diluted earnings per share (EPS) for the quarter were $0.44 compared to $0.45 in the prior-year quarter. EPS for the current and prior-year quarter include the items discussed in the following paragraph. Excluding these items, EPS for the quarter increased 15% to $0.47 compared to $0.41 in the prior-year quarter.
“We are pleased with our first quarter results and are excited about our creative pipeline, from upcoming movies like Alice in Wonderland and Toy Story 3 to new attractions at our Parks and Resorts,” said Robert A. Iger, President and CEO, The Walt Disney Company. “Our unique ability to deliver outstanding experiences to consumers across platforms, markets and businesses gives us a strong competitive advantage and positions us well for long-term growth.”

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by Rich Pike

Jan 1 · 1:54:00 PM · Source: Post Gazette

China is big enough to support two Disneyland resorts, Bill Ernest, president of The Walt Disney Co.'s parks in Asia said amid concerns the company's new Shanghai park would draw visitors away from its one in Hong Kong.
Ernest noted that in the U.S., where the population is about a quarter of the size of China's, there are already two major resorts; in Orlando, FL, and in Anaheim, CA. "We think there's plenty of room," Ernest said at a groundbreaking ceremony Dec. 14 for a long-awaited expansion of Hong Kong's Disneyland. "We think there's plenty of business there that supports both parks."

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by Michael Oliveto

Dec 31 · 9:10:00 PM · Source: Reuters

The Walt Disney Company announced that Disney has completed its acquisition of renowned character franchise company, Marvel Entertainment Inc.
Under the terms of the agreement and based on the closing price of Disney on December 31, Marvel shareholders will receive a total of $30 a share in cash plus approximately 0.7452 Disney shares for each Marvel share they own.

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by Michael Oliveto

Dec 31 · 11:44:00 AM · Source: San Fernando Valley Business Journal

Disney Board of Directors has nominated Sheryl Sandberg, chief operating officer of Facebook Inc., to be a new, independent director, effective upon her election at the company's next annual meeting, which will be held in March 2010.
"Sheryl is an outstanding executive who can add incredible value to what is already a diverse and highly experienced group of directors," said John E. Pepper Jr., Disney's chairman. "She brings great expertise in the online world, considerable international experience and a deep understanding of consumer behavior."

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by Michael Oliveto

Dec 31 · 11:37:00 AM · Source: Consumer Loan Wire

Disney and Chase have partnered to release a new Disney Rewards Visa Debit Card.
The new card will give card carriers similar rewards to the Disney Rewards Chase Credit Card but is instead, linked to a debit account. The rewards include savings at Disney stores, character meet’n’greets and photo opportunities as well as Disney theme park savings.

· Related: JPMORGAN CHASE & CO
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by Michael Oliveto

Nov 13 · 11:13:00 AM · Source: Company News

Disney reported that for the fiscal fourth quarter ended Oct. 3, it reported a profit of $895 million, or 47 cents a share, up from $760 million, or 40 cents a share, a year earlier.

The latest quarter, which had one more week than a year ago, included gains from the merger of Lifetime Entertainment Services and A&E Television Networks as well as $166 million in restructuring and impairment charges. Excluding items, earnings rose to 46 cents a share from 44 cents. Revenue rose 4.5% to $9.87 billion.
Disney's cable networks, including ESPN and The Disney Channel, have eased much of the pain from the recession and that is reflected in the Q4 results.

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by Larry Etter

Nov 4 · 2:01:00 PM · Source: Reuters

Disney said it will invest $7 million in forest conservation projects in the Amazon, Congo and United States as part of its effort to reduce emissions, waste and energy use as a corporation.
Disney pledged earlier this year to cut its carbon emissions from fuels by half by 2012, and ultimately to achieve net zero direct greenhouse gas emissions at its office and retail complexes, theme parks and cruise lines.

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by Michael Oliveto

Oct 29 · 11:02:00 AM · Source: Reuters

The Walt Disney Company is launching free iPhone and iPod touch applications, giving fans access to Disney content and interactive features anywhere.

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by Michael Oliveto

Oct 23 · 2:55:00 PM · Source: Variety

Disney’s 3D animation "Up" placed number 1 at the international box office over the October 16th through October18th time frame.
Walt Disney and Pixar's 3D "Up," playing on 4,500 screens in 24 territories, ranked number 1 in ten markets, including the U.K. and Italy. Foreign receipts through October 18th was $295.8 million.

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by Michael Oliveto