Entertainment conglomerate Walt Disney (NYSE:DIS) really knows a thing or two about succeeding in the 21st century. We live in an age of commoditization where differentiating between a hamburger at restaurant A and restaurant B represents a difficult task.
Archive for Walt Disney Company
7 Fascinating Things You Probably Didn’t Know About Walt Disney Co.
From a solar farm in the shape of Mickey Mouse’s head to producing a precursor to the modern music video, here are seven little-known facts about the world’s most loved entertainment company.
Only 90s Kids Will Understand: Disney Is Even More Genius Than You Thought!
Has it occurred to anyone else that all the new Disney/Pixar movies coming out in the near and far future are sequels to old Disney/Pixar movies that came out in the early 2000s? You know, when we were little kids?
Shareholders Re-Elect 11 Directors at The Walt Disney Company Annual Meeting
Shareholders of The Walt Disney Company (NYSE:DIS) at the 2016 Annual Meeting today elected 11 members of the Board of Directors and supported Board recommendations on the Company’s auditor, the advisory vote on executive compensation, and amendments to the restated certificate of incorporation, based on preliminary results.
Disney Chairman and Chief Executive Officer Robert A. Iger welcomed shareholders to the meeting at the Auditorium Theatre of Roosevelt University in Chicago and introduced independent Lead Director Orin C. Smith and the other members of the Board of Directors.
“Collectively, all of our investments, acquisitions, and efforts are part of our long-term strategy designed to differentiate Disney as the world’s premier storytelling company, and they are paying off with historic results and generating great value,” Mr. Iger told shareholders. “In the decade since we launched this strategy, through Fiscal 2015, Disney has delivered a total shareholder return of 393%, significantly outperforming the S&P 500, which delivered a return of 96% during that same period. Over the last five years, we achieved annualized growth of 16% in net income and almost 20% in earnings per share, and I am happy to report that Fiscal 2015 was our fifth consecutive year of record results.”
Mr. Iger announced Disney Cruise Line is planning to add two new ships to its award-winning fleet, bringing the total to six. The Company expects the additional ships to be completed in 2021 and 2023.
Mr. Iger told shareholders that Disneyland and Walt Disney World Resorts will break ground next month on the new Star Wars-themed lands at Disneyland Park and Disney’s Hollywood Studios, and that Star Wars: The Force Awakens will be available on Digital HD and Disney Movies Anywhere on April 1, and on Blu-ray Combo Pack on April 5.
Based on preliminary results, all Disney Directors standing for election were re-elected to the Board:
- Susan E. Arnold
- John S. Chen
- Jack Dorsey
- Robert A. Iger
- Maria Elena Lagomasino
- Fred H. Langhammer
- Aylwin B. Lewis
- Robert W. Matschullat
- Mark G. Parker
- Sheryl K. Sandberg
- Orin C. Smith
“I want to welcome our two newest Board members,” Mr. Iger said. “Maria Elena Lagomasino is Chief Executive Officer and Managing Partner of WE Family Offices, and Mark G. Parker is President and Chief Executive Officer of Nike. They bring a wealth of experience and expertise, along with valuable perspective to our Board.”
Pursuant to the tenure policy in the Company’s corporate governance guidelines that limits Board service to 15 years, Monica C. Lozano did not stand for re-election. “I want to thank Monica for her wise counsel, support and friendship, and I join the entire Board in expressing our sincere appreciation for her service,” Mr. Iger said.
Shareholders ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent accountants for the fiscal year ending October 1, 2016. They also approved the advisory resolution on executive compensation and an amendment to the Restated Certificate of Incorporation that eliminates the provision requiring a supermajority vote of two-thirds of outstanding shares to approve certain business combinations.
Shareholders agreed with the Board in rejecting two shareholder proposals, one regarding simple majority voting, and the other regarding lobbying disclosure.
Final voting tallies from this year’s annual meeting are subject to certification by the Company’s inspector of elections, and will be included in the Company’s report to be filed with the Securities and Exchange Commission within a week.
The Walt Disney Company to Webcast Its Annual Meeting of Shareholders
The annual meeting of shareholders of The Walt Disney Company (NYSE: DIS), including remarks by management regarding the Company, will be available live via audio webcast at www.disney.com/investors beginning at 8:00 a.m. PST / 11:00 a.m. EST on March 3, 2016. The presentation will be archived.
4 New Must-Read Quotes From Disney Management
With Disney shares declining about 21% lower during the past three months, it may be a good time for investors to take a close look at the company and see if the stock offers an enticing entry point at these levels.
How Disney COO Tom Staggs Sees the Company’s Present—and Future
Tom Staggs faces the unique challenge of filling a role that the world’s biggest media company has done quite well without for a decade.
Your Complete Guide To All the Things Owned by Disney
The Walt Disney Company 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…
The Walt Disney Company Reports Record Quarterly Earnings for the First Quarter of Fiscal 2016
The Walt Disney Company (NYSE: DIS) today reported record quarterly earnings of $2.9 billion for its first fiscal quarter ended January 2, 2016 compared to $2.2 billion for the prior-year quarter. Diluted earnings per share (EPS) for the quarter increased 36% to $1.73 from $1.27 in the prior-year quarter. Excluding certain items affecting comparability(1), EPS for the quarter increased 28% to $1.63.
“Driven by the phenomenal success of Star Wars, we delivered the highest quarterly earnings in the history of our Company, marking our 10th consecutive quarter of double-digit EPS growth,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. “We’re very pleased with our results, which continue to validate our strategic focus and investments in brands and franchises to drive long-term growth across the entire Company.”
