When one thinks of typical childhood rites of passage, watching Cinderella or Bambi with your family, and a vacation to Disney World come to mind for many Americans. But did you know there’s much more to The Walt Disney Company (NYSE:DIS) than that?
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Pausing at the intersection of Mickey Ave. and Dopey Drive – which doubles as Pluto’s Corner – it’s evident that The Walt Disney Studios isn’t merely a place where movies are made.
The Walt Disney Company Donates $500,000 In Humanitarian Aid To Support Mexican Communities Impacted By Recent Earthquakes
The Walt Disney Company (NYSE: DIS) has committed $500,000 to aid in humanitarian relief efforts across Central Mexico in response to the recent earthquakes impacting the region. The donation will support the disaster response and recovery efforts of the Mexican Red Cross, Save the Children, and UNICEF. Disney will make additional donations of in-kind goods as needs are identified.
“As our thoughts and prayers go out to the people of Mexico, we are once again overwhelmed by the resiliency and unity shown in response to a natural disaster,” said Claudio Chiaromonte, Executive Vice President and Managing Director, The Walt Disney Company Latin America. “Disney has a long tradition of supporting communities all over the world, and we are proud to join with the people of Mexico as they begin to recover and rebuild from these terrible tragedies.”
The Walt Disney Company and its affiliates employ more than 250 people in Mexico, between its Disney offices and the ESPN Deportes network, and Disney has a long-standing history in the region dating back to the 1940s.
Disney works on an ongoing basis with numerous nonprofit organizations on emergency preparedness efforts, including sharing lifesaving information with families before and during emergencies, having supplies prepositioned and at-the-ready to respond to natural disasters, and providing resources to activate large-scale responses in the event of a disaster.
May you wish upon a star and get a whole lotta Disney films in your future!
The Walt Disney Company DIS is one of the biggest media and entertainment corporations in the world. Known best for its popular animated feature films and tourist-favorite theme parks and resorts, Disney has held a major piece of America’s media identity since its founding in 1923.
The Walt Disney Company (NYSE: DIS) today reported quarterly earnings for its third fiscal quarter ended July 1, 2017. Diluted earnings per share (EPS) for the quarter decreased 5% to $1.51 from $1.59 in the prior-year quarter. Excluding certain items affecting comparability(1), EPS for the quarter decreased 2% to $1.58 from $1.62 in the prior-year quarter. Diluted EPS for the nine months ended July 1, 2017 decreased to $4.55 from $4.63. Excluding certain items affecting comparability(1), EPS for the nine months increased to $4.63 from $4.61.
“Today we announced a strategic shift in the way we distribute our content. The media landscape is increasingly defined by direct relationships between content creators and consumers, and our control of BAMTech’s full array of innovative technology will give us the power to forge those connections, along with the flexibility to quickly adapt to shifts in the market,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. “This acquisition and the launch of our direct-to-consumer services mark an entirely new growth strategy for the Company, one that takes advantage of the incredible opportunity that changing technology provides us to leverage the strength of our great brands.”
“Our results for the quarter reflect the underlying strength of our brands and franchises, and our continued investment in high-quality content. Our ability to successfully execute on our core strategy, coupled with our plans for new direct-to-consumer offerings, give us continued confidence in our ability to drive shareholder value,” said Christine M. McCarthy, Senior Executive Vice President and Chief Financial Officer, The Walt Disney Company.
The following table summarizes the third quarter and nine-month results for fiscal 2017 and 2016 (in millions, except per share amounts):
The Walt Disney Company today announced the eleven 2017 Disney Accelerator companies that are helping build the future of media and entertainment. The Disney Accelerator is designed to connect these Disney portfolio companies with the creativity, imagination, and expertise of The Walt Disney Company, providing them unprecedented access to Disney’s leadership team, mentorship, and support. The 2017 Disney Accelerator is helping shape the future at the intersection of entertainment and technology with some of today’s most innovative entrepreneurs who are creating new entertainment formats, developing new technologies and reimagining digital monetization and personalization.
“The Disney Accelerator has provided The Walt Disney Company incredible opportunities to connect with and be inspired by many talented entrepreneurs from all over the world,” said Michael Abrams, Senior Vice President, Innovation, The Walt Disney Company. “This year, more than ever, we are working with companies with the potential to help define the future of media and entertainment together with Disney.”
The Orlando Magic will have the power of pixie dust in its court starting next season, as Walt Disney World Resort becomes the basketball team’s first jersey sponsor. Starting with the 2017-18 NBA season, fans will feel the magic when the Disney logo is added on players’ jerseys as part of this expanded community sponsorship agreement.
“With Orlando as our hometown, magic has always been a key strand of our DNA,” said Orlando Magic CEO Alex Martins. “This expanded agreement with Disney brings our story full circle and represents the coming together of two dynamic organizations that have become synonymous with Orlando.”
Since becoming a Champion of the Community sponsor with the Magic in 2010, Disney has been working with the Magic on outreach initiatives that benefit the local community and make Central Florida a better place to live, work and play. The uniform sponsorship strengthens the relationship between Disney and the Magic and will connect both fan bases, provide shared marketing opportunities and cement Central Florida’s reputation as a global sports destination.
“At Walt Disney World Resort, we naturally believe in all things magic and are happy to support our hometown team,” said George A. Kalogridis, president of Walt Disney World Resort. “This long-term relationship symbolizes our shared focus of solidifying Orlando as a world class city for sports.”
As part of this multi-year agreement, Disney will expand its presence at the Amway Center by adding a special seating and hospitality area that may be used for annual passholder upgrades during select Orlando Magic home games. Disney-branded Orlando Magic jerseys will also be available for purchase at the Amway Center.
The Orlando Magic becomes the seventh NBA team to announce a jersey sponsorship.
Walt Disney Co.’s ambitious $5.5 billion Shanghai theme park is close to breaking even after its first full year of operations — a mark none of its resorts have been able to hit in the last 30 years, said Chief Executive Officer Bob Iger.
Walt Disney Co.’s film studios unit hit a new milestone: $2 billion in international box office sales so far this year thanks in part to a strong showing for “Pirates of The Caribbean: Dead Men Tell No Tales,” the fifth film in that franchise.