Tag Archives: The Walt Disney Company

The Walt Disney Company Announces Semi-Annual Cash Dividend of $0.88 Per Share

The Walt Disney Company (NYSE: DIS) Board of Directors today announced a semi-annual cash dividend of $0.88 per share, payable January 10, 2019 to shareholders of record at the close of business on December 10, 2018. The Company last paid a semi-annual dividend of $0.84 per share in July.

“Given our record financial performance in fiscal 2018, we are pleased to increase our dividend to shareholders, while continuing to invest for future growth with our pending acquisition of 21st Century Fox and the ongoing development of our direct-to-consumer business,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. “This payment brings our total dividends for the fiscal year to $1.72 a share.”

The Company also announced that it has scheduled its annual shareholders’ meeting for Thursday, March 7, 2019 in St. Louis, MO.

About the Walt Disney Company:

The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company with operations in four business segments: Media Networks, Studio Entertainment, Direct-to-Consumer and International; and Parks, Experiences and Consumer Products. Disney is a Dow 30 company and had annual revenues of $59.4 billion in its Fiscal Year 2018.

Forward-Looking Statements:

Management believes certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management’s views and assumptions regarding future events and business performance as of the time the statements are made. Management does not undertake any obligation to update these statements.

Actual results may differ materially from those expressed or implied. Such differences may result from actions taken by the Company, including restructuring or strategic initiatives (including capital investments or asset acquisitions or dispositions), as well as from developments beyond the Company’s control, including:

  • changes in domestic and global economic conditions, competitive conditions and consumer preferences;
  • adverse weather conditions or natural disasters;
  • health concerns;
  • international, political, or military developments; and
  • technological developments.

 

Such developments may affect entertainment, travel and leisure businesses generally and may, among other things, affect:

  • the performance of the Company’s theatrical and home entertainment releases;
  • the advertising market for broadcast and cable television programming;
  • demand for our products and services;
  • expenses of providing medical and pension benefits;
  • income tax expense;
  • performance of some or all company businesses either directly or through their impact on those who distribute our products; and
  • completion of the pending transaction with 21CF.

 

Additional factors are set forth in the Company’s Annual Report on Form 10-K for the year ended September 29, 2018 under Item 1A, “Risk Factors,” and subsequent reports. 

Disney Donates $500,000 to Support Those Impacted by California Wildfires

The Walt Disney Company has committed $500,000 to support relief and recovery efforts in response to the wildfires that continue to threaten California. The donation will provide support to firefighters on the front lines as they work to contain the fires and will assist California residents during this difficult time.

“The firefighters are true heroes, and we honor their tireless commitment as they continue to battle these devastating wildfires,” said Disney Chairman and CEO Bob Iger. “Our hearts go out to the families and communities that have been so severely affected.”

Disney’s donations will go to the California Community Foundation’s Wildfire Relief Fund, which supports intermediate and long-term recovery efforts from major California wildfires as well as preparedness efforts; and to the California Fire Foundation, which provides emotional and financial assistance to firefighters, their families and the communities they protect.

In addition to the donation announced today, contributions from Disney employees to eligible relief and recovery organizations will be matched dollar-for-dollar by Disney Employee Matching Gifts: A Program of The Walt Disney Company Foundation.


Remembering Stan Lee

From The Walt Disney Company:

Today, Marvel Comics and The Walt Disney Company pause and reflect with great sadness on the passing of its Marvel Chairman Emeritus, Stan Lee. With a heavy heart, we share our deepest condolences with his daughter and brother, and we honor and remember the creator, voice and champion of Marvel Comics.

“Stan Lee was as extraordinary as the characters he created.  A super hero in his own right to Marvel fans around the world, Stan had the power to inspire, to entertain, and to connect.  The scale of his imagination was only exceeded by the size of his heart,” said Bob Iger, Chairman and CEO, The Walt Disney Company.

Stanley Martin Lieber, aka Stan Lee, loved the written word from an early age, and wanted to craft stories like those in his favorite books and films, which he consumed voraciously. From a simple upbringing in the teeming landscape of Manhattan, young Stanley worked his way through a succession of jobs until the day he found himself an assistant at a comic book publishing company—Timely Comics.

In between refilling artists’ inkwells, erasing pencil lines from comic pages and fetching an untold number of lunches, Stanley expressed his desire to write and create tales of his own; in the May 1941 issue of CAPTAIN AMERICA COMICS #3, he got his wish. Readers would find a prose story in that issue, “Captain America Foils the Traitor’s Revenge,” sporting the byline of “Stan Lee.” A star was born.

As Stan’s roles and tenure with Timely Comics grew and evolved, so did the company itself. With Stan at its helm, Timely Comics morphed first into Atlas Comics and then into the name that would catapult it into legend and forever be synonymous with Stan Lee: Marvel Comics.

As Marvel’s Editor-in-Chief, Stan “The Man” Lee made his voice the voice of the stories themselves. Writing virtually every Marvel title and working with such luminaries as Jack Kirby, Steve Ditko, Don Heck, Gene Colan and John Romita, Stan began building a universe of interlocking continuity, one where fans felt as if they could turn a street corner and run into a Super Hero. A rich collection of characters grew out of his nonstop plotting sessions with his artists, including the Fantastic Four, Spider-Man, Thor, Iron Man, the Hulk, the X-Men, and more. Today, it would be almost impossible to find a corner of the Marvel Universe that Stan didn’t have a hand in.

Marvel fans found a friend in Stan Lee. He introduced the famous “Stan’s Soapbox” to speak directly to his readers, reaching a personal level rarely seen in comics of the day. Always pushing for new ways of creating comics, Stan also inaugurated the “Marvel method” of plotting and art, creating some of the most iconic stories in the industry to this day.

When something mattered to Stan, you felt it in his words, whether in an editorial or in the stories themselves. With passion for the medium, he helped refine and reform the Comics Code Authority and addressed hot-button issues like discrimination, drugs and intolerance.

Stan stepped up from his position as Editor-in-Chief in 1972 to tackle the role of Publisher at Marvel Comics, and while a strong succession of writers followed in his wake, his spirit and voice remained throughout the adventures that followed. His outspoken love for comics even extended to a series of college campus talks; given any chance to educate and illuminate on the industry, he took it. An entire generation of young readers expanded and strengthened their vocabulary and knowledge through Stan’s stories.

In later years, Stan took on new projects of his own outside of Marvel, but always kept one eye on the universe he created, watching with pride as it continued to grow and expand. Stan worked tirelessly to promote Marvel properties and characters to the film industry, and his spunky cameos in Marvel films and television series became an important part of his legacy.

Over the years, Stan was widely recognized for his remarkable accomplishments, receiving the National Medal of Arts, being inducted into the Will Eisner Award Hall of Fame and Jack Kirby Hall of Fame and being named a Disney Legend. He continued to work, write and enjoy life and creativity every day—and the world is better for it.

Marvel and the entire The Walt Disney Company salute the life and career of Stan Lee and offer their undying gratitude for his unmatchable accomplishments within their halls. Every time you open a Marvel comic, Stan will be there.


Disney Donates $1 Million to Feeding America

As part of its commitment to help create healthier generations, The Walt Disney Company today announced a $1 million contribution to Feeding America, the nation’s largest hunger-relief and food rescue organization. The gift will support produce programs and volunteer efforts at more than 30 Feeding America network food banks across the U.S., improving access to nutritious foods, including fresh fruits and vegetables, for children and families who need it most.

The donation continues a relationship between Disney and Feeding America that began in 2012. Funding from this year’s gift will be used by food banks to provide fresh fruits and vegetables to kids and families facing hunger by removing barriers to source and distribute produce within the community. This includes increasing refrigeration and equipment at food banks, enabling them to provide even more nutritious meals to kids and families.

Through its network of 200 member food banks and 60,000 food pantries and meal programs, Feeding America provides meals to more than 46 million people each year. Fresh produce is an important part of Feeding America’s goal to provide nutritious meals that improve the health and well-being of the people the organization serves.

“We know the people we serve are making difficult tradeoffs to survive and that produce is one of the most requested items at our food banks,” said Blake Thompson, chief supply chain officer at Feeding America. “We are committed to expanding our fresh produce offerings to food banks, and Disney is helping us nourish and strengthen the families we serve.”

Visit Feeding America.org to discover volunteer opportunities at your local Feeding America food bank.


Whirlpool Corporation Announces New Collaboration with The Walt Disney Company

Whirlpool Corporation (NYSE: WHR) and The Walt Disney Company today announced that Whirlpool brand will be the Official Kitchen and Laundry Appliance of Walt Disney World Resort in Lake Buena Vista, Florida and Disneyland Resort in Anaheim, California.

With this new relationship, Whirlpool brand’s innovative lines of kitchen and laundry products such as refrigerators, dishwashers, ovens, cooktops, microwave ovens, clothes washers and clothes dryers will now have a presence in select Disney Vacation Club Villas at Walt Disney World Resort and Disneyland Resort. One bedroom or larger accommodations at Disney Vacation Club properties include full kitchens as well as clothes washers and dryers that help members feel at home while they experience a Disney vacation.

“As a leader in their industry, Whirlpool is a household name that has been helping consumers care for their families for over a century,” said Carlos Castro, vice president of Disney Corporate Alliances. “Introducing Whirlpool’s thoughtfully designed appliances into our Disney Vacation Club properties will give Guests the perfect opportunity to experience Whirlpool products first-hand.”

Whirlpool appliances will also be used to outfit the Culinary Stage for cooking demonstrations at Epcot International Food & Wine Festival at Walt Disney World Resort and Disney California Adventure Food & Wine Festival at Disneyland Resort.

In addition, Whirlpool will align with Disney Digital Network to create exciting custom food and cooking based content throughout Disney’s family of digital networks.

“As one of the world’s most beloved brands, Disney offers the perfect platform for our leading brands to better connect with consumers across the country,” said Rob Sundy, senior director of brands for Whirlpool Corporation, North American Region. “We look forward to bringing our purposeful innovation to these iconic Disney destinations.”