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Walt Disney Co (DIS.N)

DIS.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Walt Disney Announces Semi-Annual Cash Dividend Of $0.88 Per Share
Wednesday, 26 Jun 2019 

June 26 (Reuters) - Walt Disney Co ::THE WALT DISNEY COMPANY ANNOUNCES SEMI-ANNUAL CASH DIVIDEND OF $0.88 PER SHARE.  Full Article

Walt Disney Co Q2 EPS $3.53 From Continuing Operations
Wednesday, 8 May 2019 

May 8 (Reuters) - Walt Disney Co ::Q2 EARNINGS PER SHARE $1.61 EXCLUDING ITEMS .THE WALT DISNEY COMPANY REPORTS SECOND QUARTER AND SIX MONTHS EARNINGS FOR FISCAL 2019.Q2 EARNINGS PER SHARE $3.53 FROM CONTINUING OPERATIONS.Q2 EARNINGS PER SHARE ESTIMATE $1.58 -- REFINITIV IBES DATA.AVENGERS: ENDGAME WILL STREAM EXCLUSIVELY ON DISNEY+ STARTING DECEMBER 11TH.QTRLY REVENUES $14,922 MILLION VERSUS $14,548 MILLION.PARKS, EXPERIENCES AND PRODUCTS REVENUES FOR QUARTER INCREASED 5% TO $6.2 BILLION.RESULTS FOR CURRENT QUARTER AND SIX MONTHS REFLECT CONSOLIDATION OF 11 DAYS OF 21CF AND HULU LLC (HULU) ACTIVITIES.MEDIA NETWORKS REVENUES FOR QUARTER WERE COMPARABLE TO PRIOR-YEAR QUARTER AT $5.5 BILLION & SEGMENT OPERATING INCOME DECREASED 3% TO $2.2 BILLION.REVENUE FOR 21CF FOR 11 DAYS IN QUARTER TOTALED $373 MILLION AND OPERATING INCOME WAS $25 MILLION.QTRLY PARKS, EXPERIENCES AND PRODUCTS RESULTS INCLUDED AN ADVERSE IMPACT FROM A SHIFT IN TIMING OF EASTER HOLIDAY.CABLE NETWORKS REVENUES FOR QUARTER INCREASED 2% TO $3.7 BILLION AND OPERATING INCOME INCREASED 2% TO $1.8 BILLION.STUDIO ENTERTAINMENT REVENUES FOR THE QUARTER DECREASED 15% TO $2.1 BILLION.DIRECT-TO-CONSUMER & INTERNATIONAL REVENUES FOR QUARTER ROSE 15% TO $955 MILLION, SEGMENT OPERATING LOSS INCREASED TO $393 MILLION.QTRLY CABLE NETWORKS HIGHER OPERATING INCOME WAS DUE TO AN INCREASE AT ESPN.QTRLY LOWER OPERATING INCOME IN STUDIO ENTERTAINMENT WAS DUE TO A DECREASE IN THEATRICAL AND HOME ENTERTAINMENT DISTRIBUTION RESULTS.  Full Article

Walt Disney Co Reports Q2 Earnings Per Share $1.61 Excluding Items
Wednesday, 8 May 2019 

May 8 (Reuters) - Walt Disney Co ::THE WALT DISNEY COMPANY REPORTS SECOND QUARTER AND SIX MONTHS EARNINGS FOR FISCAL 2019.Q2 EARNINGS PER SHARE $1.61 EXCLUDING ITEMS.Q2 EARNINGS PER SHARE $3.53 FROM CONTINUING OPERATIONS.Q2 EARNINGS PER SHARE $1.61.Q2 EARNINGS PER SHARE ESTIMATE $1.58 -- REFINITIV IBES DATA.AVENGERS: ENDGAME WILL STREAM EXCLUSIVELY ON DISNEY+ STARTING DECEMBER 11TH.QTRLY REVENUES $14,922 MILLION VERSUS $14,548 MILLION.PARKS, EXPERIENCES AND PRODUCTS REVENUES FOR QUARTER INCREASED 5% TO $6.2 BILLION.RESULTS FOR CURRENT QUARTER AND SIX MONTHS REFLECT CONSOLIDATION OF 11 DAYS OF 21CF AND HULU LLC (HULU) ACTIVITIES.MEDIA NETWORKS REVENUES FOR QUARTER WERE COMPARABLE TO PRIOR-YEAR QUARTER AT $5.5 BILLION & SEGMENT OPERATING INCOME DECREASED 3% TO $2.2 BILLION.REVENUE FOR 21CF FOR 11 DAYS IN QUARTER TOTALED $373 MILLION AND OPERATING INCOME WAS $25 MILLION.QTRLY PARKS, EXPERIENCES AND PRODUCTS RESULTS INCLUDED AN ADVERSE IMPACT FROM A SHIFT IN TIMING OF EASTER HOLIDAY.CABLE NETWORKS REVENUES FOR QUARTER INCREASED 2% TO $3.7 BILLION AND OPERATING INCOME INCREASED 2% TO $1.8 BILLION.STUDIO ENTERTAINMENT REVENUES FOR THE QUARTER DECREASED 15% TO $2.1 BILLION.DIRECT-TO-CONSUMER & INTERNATIONAL REVENUES FOR QUARTER ROSE 15% TO $955 MILLION, SEGMENT OPERATING LOSS INCREASED TO $393 MILLION.QTRLY CABLE NETWORKS HIGHER OPERATING INCOME WAS DUE TO AN INCREASE AT ESPN.  Full Article

Sinclair Reports Q1 2019 Results
Wednesday, 8 May 2019 

May 8 (Reuters) - Sinclair Broadcast Group Inc ::SINCLAIR REPORTS FIRST QUARTER 2019 FINANCIAL RESULTS.Q1 EARNINGS PER SHARE $0.23.Q1 REVENUE $722.1 MILLION VERSUS REFINITIV IBES ESTIMATE OF $709 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.30 -- REFINITIV IBES DATA.SETS QUARTERLY DIVIDEND OF $0.20PER SHARE.QTRLY MEDIA REVENUES INCREASED 4.6% TO $673.4 MILLION VERSUS $643.7 MILLION IN Q1 OF 2018.QTRLY REVENUES FROM OUR DIGITAL BUSINESSES INCREASED 10%, AS COMPARED TO Q1 OF 2018.SEES Q2 MEDIA REVENUES $716 MILLION TO $725 MILLION.SEES Q2 2019 TOTAL CAPITAL EXPENDITURES, INCLUDING REPACK OF $77 MILLION AND $246 MILLION TO $256 MILLION FOR FY 2019.SEES Q2 DISTRIBUTION REVENUES INCLUDED IN MEDIAREVENUES $365 MILLION TO $368 MILLION.TRANSACTION WITH WALT DISNEY COMPANY TO ACQUIRE 21 RSNS FOR $9.6 BILLION IS EXPECTED TO CLOSE IN Q3 2019.  Full Article

Media Mogul Byron Allen To Acquire Bayou City Broadcasting For $165 Mln
Monday, 6 May 2019 

May 6 (Reuters) - Entertainment Studios: :MEDIA MOGUL BYRON ALLEN TO ACQUIRE BAYOU CITY BROADCASTING FOR $165 MILLION.ENTERTAINMENT STUDIOS - ACQUISITION OF BAYOU CITY BROADCASTING EVANSVILLE AND BAYOU CITY BROADCASTING LAFAYETTE.ENTERTAINMENT STUDIOS INC - BYRON ALLEN IS PURCHASING STATION GROUPS THROUGH HIS COMPANY ALLEN MEDIA BROADCASTING LLC.  Full Article

Sinclair To Acquire Sports Networks From Disney - WSJ
Thursday, 2 May 2019 

May 2 (Reuters) - :SINCLAIR TO ACQUIRE SPORTS NETWORKS FROM DISNEY - WSJ.SINCLAIR STRUCK A DEAL VALUED AT MORE THAN $10 BILLION TO BUY 21 SPORTS NETWORKS FROM DISNEY, WHICH AGREED TO SELL THEM AS PART OF ITS FOX DEAL- WSJ.  Full Article

Mattel Expands Global Licensing Agreement With Disney For Pixar Animation Studios
Wednesday, 1 May 2019 

May 1 (Reuters) - Mattel Inc ::MATTEL EXPANDS GLOBAL LICENSING AGREEMENT WITH DISNEY FOR PIXAR ANIMATION STUDIOS SPANNING NEW RELEASES AND ICONIC BLOCKBUSTERS.MATTEL - INCLUDED IN NEW AGREEMENT WITH DISNEY ARE UPCOMING 2020 MOVIE RELEASES AS WELL AS TITLES INCLUDING "COCO," "FINDING NEMO," "MONSTERS, INC.".  Full Article

Comcast In Talks To Sell 30 Pct Stake In Hulu To Disney - CNBC
Thursday, 25 Apr 2019 

April 25 (Reuters) - :COMCAST IS IN TALKS TO SELL 30% STAKE IN HULU TO DISNEY - CNBC.  Full Article

Fox Corp Announces Payment Of Dividend To Twenty-First Century Fox And Receipt Of Cash Payment From Disney
Wednesday, 20 Mar 2019 

March 20 (Reuters) - Fox Corp ::FOX CORPORATION ANNOUNCES PAYMENT OF DIVIDEND TO TWENTY-FIRST CENTURY FOX, INC. AND RECEIPT OF CASH PAYMENT FROM DISNEY;.FOX CORP - RECEIVED A CASH PAYMENT IN AMOUNT OF $2.0 BILLION FROM DISNEY.FOX CORP - CASH PAYMENT FROM DISNEY, HAS NET EFFECT OF REDUCING $8.5 BILLION CASH DIVIDEND COMPANY PAID TO 21CF.FOX - PURSUANT TO 21CF-DISNEY DEAL, COMPANY PAID TO 21CF A DIVIDEND IN AMOUNT OF $8.5 BILLION..FOX CORP - TRANSACTION TAX INCLUDED PREPAYMENT OF SHARE OF ESTIMATED TAX LIABILITIES RESULTING FROM ANTICIPATED DIVESTITURES BY DISNEY OF SOME ASSETS.FOX CORP - TRANSACTION TAX PREPAYMENT WAS IN AMOUNT OF APPROXIMATELY $700 MILLION.FOX CORP - PREPAYMENT WAS IN AMOUNT OF APPROXIMATELY $700 MILLION IS SUBJECT TO ADJUSTMENT IN FUTURE.FOX CORP - AS RESULT OF SEPARATION & DISTRIBUTION, COMPANY OBTAINED A TAX BASIS IN ITS ASSETS EQUAL TO THEIR RESPECTIVE FAIR MARKET VALUES.FOX CORP - ESTIMATES ANNUAL TAX DEDUCTIONS OF ABOUT $1.5 BILLION, PRINCIPALLY OVER NEXT 15 YEARS RELATED TO AMORTIZATION OF ADDITIONAL TAX BASIS.FOX CORP - AMORTIZATION IS ESTIMATED TO REDUCE CO'S ANNUAL CASH TAX LIABILITY BY $360 MILLION PER YEAR AT CURRENT COMBINED FEDERAL & STATE TAX RATE OF 24%.  Full Article

Disney Says Per Share Value Of Fox Merger Consideration Calculated To Be $51.572626
Tuesday, 19 Mar 2019 

March 19 (Reuters) - Walt Disney Co ::DISNEY AND 21ST CENTURY FOX ANNOUNCE PER SHARE VALUE IN CONNECTION WITH $71 BILLION ACQUISITION.WALT DISNEY CO - ACQUISITION WILL BECOME EFFECTIVE AT 12:02 A.M. EASTERN TIME MARCH 20, 2019.WALT DISNEY - PER SHARE VALUE OF TWENTY-FIRST CENTURY FOX MERGER CONSIDERATION HAS BEEN CALCULATED IN ACCORDANCE WITH MERGER AGREEMENT TO BE $51.572626.  Full Article

UPDATE 2-Toymaker Hasbro profit draws power from 'Avengers', 'Magic' card game

July 23 Hasbro Inc on Tuesday beat Wall Street estimates for quarterly profit, powered by higher demand for action toys of blockbuster "Avengers: Endgame" and collectible card game Magic: The Gathering, sending its shares to a record high.