US2546871060 - Common Stock
79.9 -0.15 (-0.19%)
After market: 80.04 +0.14 (+0.18%)
WALT DISNEY CO/THE
NYSE:DIS (9/27/2023, 7:20:41 PM)After market: 80.04 +0.14 (+0.18%)
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The Walt Disney Co. is a diversified international family entertainment and media enterprise. The company is headquartered in Burbank, California and currently employs 220,000 full-time employees. The Company’s segments include Disney Media and Entertainment Distribution (DMED), and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the Company’s global film and episodic television content production and distribution activities. The Company’s DMED’s lines of business consists of Linear Networks, Direct-to-Consumer and Content Sales/Licensing. The Company’s DPEP segment business consists of sale of admissions to theme parks, the sale of food, beverage and merchandise at its theme parks and resorts, sales of cruise vacations, sales and rentals of vacation club properties, royalties from licensing its intellectual properties (IP) for use on consumer goods and the sale of branded merchandise. The firm's Content Sales/Licensing business consist of selling film and episodic television content in the television and subscription video-on-demand (TV/SVOD) and home entertainment markets.
WALT DISNEY CO/THE
500 S Buena Vista St
Burbank CALIFORNIA 91521
CEO: Robert A. Chapek
Hollywood studios and negotiators for Hollywood actors on strike will hold talks on Oct. 2, both side said in a joint statement on Wednesday, in the first such meeting in months. The SAG-AFTRA actors union, Hollywood's largest with 160,000 members, walked off the job in July asking for higher pay and for curbs on the use of artificial intelligence (AI) in entertainment, demands similar to Hollywood writers. The writers' union struck a tentative deal with the Alliance of Motion Picture and Television Producers (AMPTP), which represents Walt Disney, Netflix and other studios on Sunday after five months of failed negotiations.
Facing a backlash, Walt Disney World's governing district will pay a stipend to employees whose free passes and discounts to the theme park resort were eliminated under a policy made by a new district administrator and board members who are allies of Florida Gov. Ron DeSantis. The stipend will be $3,000 a year, which is around the equivalent value of the theme park passes, Glen Gilzean, district administrator of the Central Florida Tourism Oversight District, told board members during a meeting Wednesday evening.
Canadians will be the first to experience the extra charges.
New restrictions take effect November 1st.
A move to restrict account sharing on Disney+ (NYSE:DIS) is taking shape, if the streaming platform's Canadian launch of its ad-supported service tier is any guide
Byron Allen, the comedian turned media mogul who made a $10 billion offer for some of Walt Disney Co.’s TV channels earlier this month, said regulatory approval is a bigger stumbling block to a deal than raising money to finance it.
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