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.
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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.
The Walt Disney Company (NYSE:DIS) today reported quarterly earnings for its second fiscal quarter ended April 1, 2017. Diluted earnings per share (EPS) for the quarter increased 15% to $1.50 from $1.30 in the prior-year quarter. Excluding certain items affecting comparability(1), EPS for the quarter increased 10% to $1.50 from $1.36 in the prior-year quarter. EPS for the six months ended April 1, 2017 increased to $3.05 from $3.04 in the prior-year period. Excluding certain items affecting comparability(1), EPS for the six months increased 2%.
Walt Disney Co. DIS, on Tuesday announced the release dates for a handful of future films, including its live-action remake of “Lion King” (July 19, 2019), “Star Wars: Episode IX” (May 24, 2019) and the sequel to its 2013 animated hit “Frozen” (Nov. 27, 2019).
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.
Inasmuch as you can hang a dollar value on it, the market currently values the Walt Disney Company (NYSE:DIS) — the company behind many of our fondest childhood memories — at a cool $175 billion.
Disney’s (DIS) board of directors this week bought themselves more time before having to make the big, seemingly impossible decision as to who will succeed Bob Iger as CEO. In the coming weeks, legions of Disney watchers will attempt to read corporate tea leaves much as the CIA tried for years to gauge who would lead the Politburo during the Cold War.
Walt Disney Co. on Friday tightened its grip on Euro Disney SCA and said it would support a cash injection of up to EUR1.5 billion ($1.6 billion) to fund improvements and reduce debt at the struggling French theme park.
In 1944, Disney re-released Snow White and the Seven Dwarfs into theaters nationwide. The film had been a sensation during its original 1937 release — in addition to being a virtuoso technical achievement as the first feature-length animated film, it was also a critical darling and commercial smash.
Walt Disney’s Rogue One: A Star Wars Story earned another $7.036 million (-48%) over the weekend even as it lost 559 theaters.