ANAHEIM, Calif.—Disneyland Park goers will no longer have to walk nearly a mile from their cars to the front gate as the theme park prepares for the return of the parking trams on Feb. 23, according to Disney’s announcement on social media. The theme park announced the news on Feb. 10 with an Instagram post…
Disneyland to Welcome Back Trams
‘Bringing Back the Magic’: 4 Disney Analysts React to the Mouse’s Q1 Beat
Walt Disney Co. shares were rallying Thursday after the company reported a big first-quarter earnings beat. Disney reported fiscal first-quarter adjusted EPS of $1.06 on $21.82 billion in revenue. Both numbers exceeded consensus analyst estimates of 63 cents and $20.91 billion, respectively. Revenue was up 34 percent from a year ago. Disney reported 129.8 million…
Disney Revenues Beat Wall Street Expectations, Increased Operating Costs for Disney+ Despite Hike in Subscribers
The Walt Disney Co. announced their Q1, 2022 fiscal year results on Feb. 9, posting higher revenue numbers from media distribution, Disney+ subscriptions, and theme parks, exceeding expectations of Wall Street analysts. At $21.819 billion, total revenue for the quarter was 34 percent higher compared to the same period last year. Total segment operating income…
Here’s How Morgan Stanley Views Disney
Morgan Stanley analyst Benjamin Swinburne lowered the price target on The Walt Disney Co. to $170 from $185 and reiterated an Overweight rating on the shares. The price target implies an upside of 19.34 percent. Swinburne lowered his long-term direct-to-consumer margin expectations following the reset of his Netflix Inc. expectations. Swinburne views Disney+ as both “strategically attractive and off to a…
Cathie Wood Nearly Exits Netflix Stake, Also Sells $4 Million Shares in Rival Disney
Cathie Wood-led Ark Investment Management on Thursday nearly shed all of its exposure in Netflix Inc. and also sold shares in rival entertainment giant Walt Disney Co. The popular money managing firm sold 2,171 shares—estimated to be worth $839,525—in Netflix on the day shares of the company closed 7.5 percent higher at $386.7 a share. The…
Analysis: Could Disney Really Cause Netflix to Lose 750,000 UK Subscribers?
A media research analyst is warning that Netflix Inc. could see the defection of as many 750,000 subscribers in the U.K. with the loss of several older U.S. sitcoms and action shows that are owned by Walt Disney Co.. But is this warning accurate in its severity, or is it overlooking several key elements regarding both…
Disney Doubles CEO Pay to $32.5 Million, Restructures Management: What You Need to Know
The Walt Disney Co. CEO Bob Chapek saw his compensation rise to $32.5 million, according to a statement filed with the U.S. Securities and Exchange Commission Wednesday. What Happened In FY 2021, Chapek saw his pay swell to more-than-double from the $14.2 million he earned in the preceding year. The Disney CEO was granted stock…
Read Why MoffettNathanson Slashed Walt Disney Price Target by 6 Percent
MoffettNathanson analyst Michael Nathanson lowered the price target on Walt Disney Co. to $165 from $175 and reiterated a Neutral rating on the shares. The price target implies an upside of 8 percent. Nathanson’s FY22 free cash flow estimate of $1.9 billion after the Shanghai adjustment is “a significant decrease” of over 60 percent from his prior estimate of…
Disney Censors ‘The Simpsons’ Episode From Hong Kong Site
If an episode of “South Park” that satirizes the Chinese Communist Party (CCP) was conspicuously excluded from an American streamer’s Hong Kong site, Trey Parker and Matt Stone would skewer them for it. However, Disney+ did exactly that when it censored for its HK customers the episode of “The Simpsons” wherein Homer Simpson visits Beijing. If you live in Hong…
Apple App Store Analysis: AT&T’s HBO Max Passes Netflix, Disney+
AT&T Inc.’s HBO Max trails Netflix Inc. and Walt Disney Co.’s Disney+ in the streaming wars, but the HBO Max app is signaling that AT&T may be gaining some ground. At the very least, HBO Max has pulled ahead in the Apple Inc. app store battle. HBO Max was ranked as low as 27th in…
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