WDW Daily News

The Walt Disney Company announced it is contributing $1 million to aid in relief efforts across Florida’s Gulf Coast region and other areas impacted by Hurricane Michael. The donation will support disaster response and recovery efforts through the Florida Disaster Fund managed by the Volunteer Florida Foundation.

“The families and communities impacted by this devastating hurricane need our help as they begin to rebuild,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. “Through today’s $1 million contribution, and other relief efforts in the weeks and months ahead, we will stand with our Gulf Coast neighbors as they recover from this tragic storm.”

In addition to Disney’s 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.

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.

There is a lot of debate out there as to what comes next for entertainment giant Disney (NYSE: DIS ). Everyone knows streaming will have an impact on Disney stock, but whether it’s a good or bad one remains undecided.

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Disney’s direct-to-consumer streaming service will be named “Disney Play,” according to a new report by Variety. CEO Bob Iger called the launch of the streaming service “the biggest priority of the company during calendar [year] 2019.”

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But more important than the past is the future, and for this company, that’s all wrapped up in the Disney streaming media service it will be launching late next year, as well as its integration of the largest part of the Fox entertainment empire.

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The composition of the Walt Disney Company’s streaming service became clearer on Tuesday as the entertainment giant walked the investment community through its rollout strategy for its Netflix challenger.

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21st Century Fox retains all media assets not transferred to New Fox, including the Twentieth Century Fox film and television studios — home to properties like Avatar and The Simpsons that will now be Disney-owned — and certain cable and international television businesses, channels like FX and FXX.

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The Walt Disney Company (NYSE: DIS) today reported quarterly earnings for its second fiscal quarter ended March 31, 2018. Diluted earnings per share (EPS) for the quarter increased 30% to $1.95 from $1.50 in the prior-year quarter. Excluding certain items affecting comparability(1), EPS for the quarter increased 23% to $1.84 from $1.50 in the prior-year quarter. EPS for the six months ended March 31, 2018 increased to $4.86 from $3.05 in the prior-year period. Excluding certain items affecting comparability(1), EPS for the six months increased 22% to $3.73 from $3.05 in the prior-year period.

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To capitalize on today’s rapidly changing media landscape and more closely align with the Company’s priorities for future growth–including creating high-quality content, technological innovation, global expansion and direct-to-consumer distribution–The Walt Disney Company (NYSE: DIS) today announced a strategic reorganization of its businesses into four segments: the newly-formed Direct-to-Consumer and International; the combined Parks, Experiences and Consumer Products; Media Networks; and Studio Entertainment. The reorganization is effective immediately.

“We are strategically positioning our businesses for the future, creating a more effective, global framework to serve consumers worldwide, increase growth, and maximize shareholder value,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. “With our unparalleled Studio and Media Networks serving as content engines for the Company, we are combining the management of our direct-to-consumer distribution platforms, technology and international operations to deliver the entertainment and sports content consumers around the world want most, with more choice, personalization and convenience than ever before.”

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In celebration of the record-breaking success of Marvel Studios’ BLACK PANTHER, The Walt Disney Company (NYSE: DIS) is donating $1 million to the Boys & Girls Clubs of America (BGCA). The donation will help expand Boys & Girls Clubs of America’s youth STEM (Science, Technology, Engineering and Math) programs, supporting the high-tech skills that were a major theme in the plot of BLACK PANTHER and are essential in helping youth succeed.

“Marvel Studios’ Black Panther is a masterpiece of movie making and has become an instant cultural phenomenon, sparking discussion, inspiring people young and old, and breaking down age-old industry myths,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. “It is thrilling to see how inspired young audiences were by the spectacular technology in the film, so it’s fitting that we show our appreciation by helping advance STEM programs for youth, especially in underserved areas of the country, to give them the knowledge and tools to build the future they want.”

Boys & Girls Clubs of America will use this one-time grant to further develop its existing national STEM curriculum, and establish new STEM Centers of Innovation in 12 communities across the country. The curriculum and new centers will serve and inspire kids and teens, with an emphasis in the following communities: Atlanta, GA; Baltimore, MD; Chicago, IL; Harlem, NY; Hartford, CT; Memphis, TN; New Orleans, LA; Oakland, CA; Orlando, FL; Philadelphia, PA; Washington, DC; Watts, CA.

Boys & Girls Clubs of America’s Centers of Innovation provide youth with hands-on, advanced technologies that stimulate creative approaches to STEM exploration, including 3-D printers, robotics, high-definition video production and conferencing equipment. In addition, a fully dedicated STEM expert will offer individual and group support, using real-world applications to help Club members develop their STEM skills and critical thinking.

“From hands-on interactive programs to critical thinking, Boys & Girls Clubs of America is committed to providing thousands of young people with the tools they need to prepare for a great future,” said Jim Clark, president and CEO of Boys & Girls Clubs of America. “Thanks to Disney’s support, we can expand our outreach and allow more youth to find their passions and discover STEM careers.”

Helping children and teens learn new skills for the future, like STEM, is a focus area of The Walt Disney Company’s social responsibility efforts. The company is dedicated to delivering comfort, happiness, opportunity and inspiration to children and families around the world.

The Walt Disney Company (NYSE: DIS) today reported quarterly earnings for its first fiscal quarter ended December 30, 2017. Diluted earnings per share (EPS) for the quarter increased 88% to $2.91 from $1.55 in the prior-year quarter. Excluding a $1.6 billion one-time net tax benefit associated with new U.S. federal income tax legislation (Tax Act) and certain other items affecting comparability(1), EPS for the quarter increased 22% to $1.89 from $1.55 in the prior-year quarter.

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