DIRS.INFO The most relevant business & tech news

☆ At Walt Disney, the G in ESG stands for goofy
▼ + stars: | 2023-01-12 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

NEW YORK, Jan 12 (Reuters Breakingviews) - It’s sadly fitting that Walt Disney (DIS.N) persists with Mickey Mouse corporate governance. The $176 billion entertainment empire on Wednesday appointed Nike (NKE.N) Chairman Mark Parker to run its board, too. Parker, who has been a director at Disney since 2016, was around for all of it. Parker has been a Disney director since 2016, and he also serves as executive chairman of Nike. Disney also said that shareholder Trian Partners had nominated founding partner Nelson Peltz to serve on the company’s board.

Brazilian American Vanessa Viana holds a picture of her son when he was a baby outside the house where Brazil's former President Jair Bolsonaro is staying in Florida. Bolsonaro's son, Sen. Flavio Bolsonaro, denied on Tuesday that the former president was responsible for the riots. Brazil's former President Jair Bolsonaro on his hospital bed in Kissimmee, Fla., on Monday. Arthur Ticianeli, a waiter at Eskina restaurant in Kissimmee, is a supporter of former president Bolsonaro. Resort security officers speak to journalists gathered outside the home where Brazil's former President Jair Bolsonaro has been staying on Tuesday.

☆ Breakingviews: Disney’s next 100 years hinges on a metaverse
▼ + stars: | 2023-01-03 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

Walt Disney (DIS.N) in October will celebrate its 100th anniversary. In the past century, the Magic Kingdom’s theme parks have survived technological forces. The idea expanded and now the company operates parks in Paris, Hong Kong, Shanghai, not to mention the Walt Disney World Resort in Orlando, Florida. The theme parks, and their related consumer products, are an increasingly important part of the company. In the year ending September 2018, the division had a chunky 25% operating margin and represented almost 40% of Disney’s total operating profit of $16 billion.

☆ Disney’s next 100 years hinges on a metaverse
▼ + stars: | 2023-01-03 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

Walt Disney (DIS.N) in October will celebrate its 100th anniversary. In the past century, the Magic Kingdom’s theme parks have survived technological forces. Taking the real Disneyland as a blueprint for the metaverse that marries its brand and streaming ambitions is not hard to fathom. The idea expanded and now the company operates parks in Paris, Hong Kong, Shanghai, not to mention the Walt Disney World Resort in Orlando, Florida. In the year ending September 2018, the division had a chunky 25% operating margin and represented almost 40% of Disney’s total operating profit of $16 billion.

☆ From Disney to Target to Boeing, retirement is a thing of the past for CEOs
▼ + stars: | 2022-12-11 | by ( Bob Woods | ) www.cnbc.com time to read: +5 min

SUN VALLEY, ID - JULY 13: (L-R) Bob Iger, chairman and chief executive officer of The Walt Disney Company, Dick Costolo, former chief executive officer of Twitter, Lachlan Murdoch, co-chairman of Twenty-First Century Fox, Sundar Pichai, chief executive officer of Google, and Randall Stephenson, chief executive officer of AT&T, mingle during the annual Allen & Company Sun Valley Conference, July 13, 2018 in Sun Valley, Idaho. The average tenure for departing CEOs during that same time period was about 11 years, up from nine years in 2020. That's not surprising, because of the impact of the pandemic and [other] crises, where boards put CEO succession on hold," Anterasian said. "In our research, boards put CEO succession on hold during crises," Anterasian said. At Disney, Iger has said he will only stay on for two years before a successor takes over.

☆ Citadel celebrates banner year at Disney as Wall Street nurses losses
▼ + stars: | 2022-12-06 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +4 min

NEW YORK, Dec 6 (Reuters) - For much of Wall Street, trading this year has been like riding a wild roller coaster. For thousands of employees of Citadel and Citadel Securities, the hedge fund and trading business founded by Ken Griffin, last weekend was spent riding the real things. This year is shaping up to be a record for Citadel and Citadel Securities, Ahmed confirmed. Across Wall Street, firms are preparing for leaner times by cutting jobs and bonuses, while many Americans are struggling with rising prices for food, gasoline and rents. After the 2008 financial crisis, Wall Street firms that were criticized for their excesses have sometimes shied away from lavish gatherings or held them in private.

☆ Citadel celebrates banner year at Disney while Wall Street nurses losses
▼ + stars: | 2022-12-06 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +4 min

NEW YORK, Dec 6 (Reuters) - For much of Wall Street, trading this year has been akin to riding a wild roller coaster. This year is shaping up to be a record for Citadel and Citadel Securities, the spokesman confirmed. The Citadel Global Fixed Income Fund is up 28.1% for the year, while Citadel Tactical Trading is up 22.4% and Citadel Equities Fund is up 17.8%, an investor said. Across Wall Street, firms are preparing for leaner times by cutting jobs and bonuses. After the 2008 financial crisis, Wall Street firms that were criticized for their excesses have sometimes shied away from lavish gatherings or held them in private.

☆ Disney’s Theme Parks Are Sore Spot for Investors, Too
▼ + stars: | 2022-11-28 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

Walt Disney’s theme-parks division, which includes Magic Kingdom in Florida, has posted record quarterly profits this year. Bob Chapek took heat over losses at Walt Disney Co.’s streaming business. But cracks were also showing at Disney’s crown jewel theme-parks division when Mr. Chapek lost his job as chief executive last week. Investors were spooked by shrinking margins at the parks division amid a softening economy, raising concerns about how long the parks can continue to produce the profits needed to help subsidize losses in streaming, now more than $8 billion since Disney’s flagship Disney+ service launched in late 2019.

☆ Top tips for saving money at Disney parks while traveling with a family on a budget
▼ + stars: | 2022-11-27 | by ( Gabrielle Reeder | ) www.businessinsider.com time to read: +8 min

For non-Florida residents who want to visit Disney World, purchasing a vacation package is cost-effective, travel agent Shannon Devine told Insider. For non-Florida residents, purchasing a Disney World vacation package is cost-effective, Shannon Devine, an independent travel agent with Academy Travel who specializes in planning Disney family vacations told Insider. A view of Disney's Grand Floridian Resort main entrance at Walt Disney World. Disney Tsum Tsums or smaller stuffed animals are at Walmart or Target for a fraction of Disney parks' costs. For an estimate of Disney trip costs, visit the Disney World Coast Calculator.

[1/3] FILEPHOTO: Executive Chairman of the Walt Disney Company, Bob Iger arrives at the world premiere for the film 'The King's Man' at Leicester Square in London, Britain December 6, 2021. In his 15 years as Disney chief executive, Iger postponed his retirement four times, sidelining would-be successors. read more Part of his mandate, according to Disney, is to work with the board to develop a successor to lead the company. Chapek was among a shortlist of internal candidates vying for Iger's job, according to a source familiar with discussions. Another seen as a top contender was Kevin Mayer, Disney's longtime head of strategic planning who had shepherded the successful launch of Disney+, according to sources.

☆ Brian Kemp Is GOP’s Best Bet for 2024
▼ + stars: | 2022-11-22 | by ( Scott Westcott | ) www.wsj.com time to read: 1 min

Ron DeSantis the new standard-bearer for the Republican Party, political pundits passed over the more logical choice: Gov. Brian Kemp of Georgia. Mr. DeSantis’s re-election margin was wider, but Florida is a red state and its Democratic Party is a shambles. Charlie Crist was a weak opponent, and the Sunshine State’s U.S. Senate race was barely competitive. Goofy could have won the Florida governorship if he switched parties and put “R., Magic Kingdom” after his name.

☆ ‘Avatar’ sequel needs $2 billion to break even. But are audiences still excited about 3D?
▼ + stars: | 2022-11-22 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

But a not-so-insignificant part of whether the lofty $2 billion+ box office goal can be achieved depends on whether audiences will rush to open their wallets and pay extra for what is being touted as an immersive 3D film experience. When the first “Avatar” debuted nearly 13 years ago, moviegoers filled theaters in droves with the explicit desire of seeing a dazzling 3D movie, glasses and all. But the era of the 3D film, in which it was groundbreaking to go all-in on the format, has long passed as the concept has lost its allure. Box office sales of 3D movies are on life support and have been for some time. The first “Avatar” benefited from a cocktail that included both the magnetism of a 3D spectacle and the inflated ticket prices.

☆ Disney’s Robert Iger May Find Second Time Isn’t Quite the Charm
▼ + stars: | 2022-11-21 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Robert Iger just got a $12 billion vote of confidence. He will need all of it. That is how much Disney ’s market value jumped Monday morning on the surprise news that Mr. Iger is returning to the Magic Kingdom’s throne. In a statement Sunday night, the company’s board said he will take back the chief executive officer role for two years “to set the strategic direction for renewed growth and to work closely with the Board in developing a successor to lead the Company at the completion of his term.” Bob Chapek , Mr. Iger’s handpicked successor, was unceremoniously escorted from the stage without so much as a quote in the press release.

☆ Bob Iger moves fast to dismantle Chapek’s reorganization of Disney
▼ + stars: | 2022-11-21 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

Disney’s shares ended Monday up more than 6% on a day that the Dow Jones was slightly down. Second, Iger is moving fast — not even waiting a full 24 hours to announce sweeping changes — to dismantle Chapek’s reorganization of the company. The speed at which Iger is hurtling is especially remarkable given that Disney’s board only made its overture for Iger to return to the embattled company on Friday. “Over the coming weeks, we will begin implementing organizational and operating changes within the company,” Iger wrote to employees. Looking further into the future, bigger questions abound: What will Disney look like when Iger’s two-year deal is up?

☆ Disney World Is Raising Prices for the Second Time in a Year
▼ + stars: | 2022-11-16 | by ( Travis Clark | ) www.businessinsider.com time to read: +2 min

Disney World announced price increases starting in December that will vary based on the day and park. Disney World announced new single-day prices on Wednesday for its four different parks, beginning December 8. This is the second time this year that Disney has raised prices associated with its parks. The service cost $15 at Disney World and $20 at Disneyland. In October, the price increased to between $15 and $22 at Disney World, and to $25 at Disneyland.

☆ People with disabilities rate the top 10 cities that are easiest for them to travel around
▼ + stars: | 2022-11-10 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +6 min

The Valuable 500, a business coalition, released its list of the top 10 most accessible cities in the world. Over 95% of pedestrian walkways, taxi stands and bus shelters in Singapore are also accessible to wheelchair users, seniors or other individuals with disabilities. United StatesLas Vegas The "sheer number" of accessible hotel rooms in Las Vegas makes the city a stand-out choice for travel. Orlando Orlando is well known for being home to iconic theme parks such as Walt Disney World, SeaWorld and Universal Studios Florida. Amsterdam is one of the most bike-friendly cities in the world, with an extensive network of bike lanes.

☆ Disney Shows the Limits of Streaming
▼ + stars: | 2022-11-09 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

The quarter included the launch of shows and movies from the company’s well-regarded brands, including the Star Wars series ‘Andor.’The streaming spell might be wearing thin at the Magic Kingdom. Disney said Tuesday afternoon that it added 12.1 million net new subscribers to its flagship Disney+ streaming service during its fiscal fourth quarter. That was 36% more than analysts were expecting, and this time Disney didn’t fully depend on growth from regions that generate very little revenue.

☆ Disney will solve its Netflix problem
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Nov 8 (Reuters Breakingviews) - Walt Disney (DIS.N) boss Bob Chapek is knee-deep in the video-streaming money pit. New subscribers keep signing up, too: Disney+ counts 164 million, a 39% jump from 12 months earlier. With investors now prioritizing costs over growth, however, Disney shares fell 10% in after-hours trading. Netflix generated $5 billion of operating profit over the first nine months of 2022. If the Netflix enterprise commands 18 times expected EBITDA, per Refinitiv data, Disney will find enough fairy dust to warrant a multiple higher than 12 times.

☆ Disney is about to report quarterly earnings. Here's what to expect
▼ + stars: | 2022-11-08 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

View of the Walt Disney statue in front of Cinderella Castle inside the Magic Kingdom Park at Walt Disney World Resort in Lake Buena Vista, Florida. All eyes will be on Disney 's streaming numbers when the company reports its fiscal fourth-quarter earnings after the bell Tuesday. While Netflix expects subscriber growth to rebound, uncertainty has left analysts and investors wondering what the future holds for the broader industry. Analysts are anticipating Disney+ subscriber adds of roughly 8 million for the period between July and September, bringing the total number of users to more than 160 million, according to StreetAccount estimates. There's also concern that a looming recession could impact Disney's other business ventures like its parks and studio businesses.

☆ I worked at Disney World and Disneyland. The wildest things always happened at Magic Kingdom — here's what it was like.
▼ + stars: | 2022-10-30 | by ( Jamie Killin | ) www.businessinsider.com time to read: +5 min

Magic Kingdom guests are often there for the first time, so that's where the wild stuff happens. I started at Disney World in the fall of 2014 as part of the Disney College Program, where I worked in attractions at Epcot. That December I graduated, so I applied for the Disneyland college program and got to check out the other coast. Magic Kingdom was the only place where I saw crazy things happen. Eva KellerI think it's because Magic Kingdom is the main park.

☆ This family owns a 'princess cottage' in Disney World's gated community—where homes sell for $12 million: Take a look inside
▼ + stars: | 2022-10-15 | by ( Cristie Anne Cabrera | ) www.cnbc.com time to read: +5 min

Cristie Anne Cabrera's family home in Golden Oak was built to resemble Belle's cottage in Disney's "Beauty and the Beast." My husband and I live about three and a half hours away in Miami, but Golden Oak is our home away from home. What is Disney's Golden Oak? Disney's Golden Oak is a gated property of luxury, single-family homes, just four miles from Disney's Magic Kingdom Park. Photo: Cristie Anne CabreraOne thing that all the Golden Oak homes have in common are the tiny Disney-themed details.

☆ Factbox: U.S. companies brace for Hurricane Ian
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +5 min

Sept 28 (Reuters) - Hurricane Ian is set to make landfall in Florida on Wednesday, pushing residents to empty grocery shelves, board up windows and rush to evacuation shelters. Since then, it has been working to redeploy offshore personnel after determining Hurricane Ian no longer posed a significant threat to its assets. NextEra Energy Inc's (NEE.N) Florida Power & Light Co, the largest utility in the state, deployed nearly 16,000 workers from 27 states to restore power. A spokesperson said the company was monitoring the hurricane and making adjustments to operations to keep warehouse staff and drivers safe. CRUISE OPERATORSWalt Disney Co's Disney Cruise Line on Tuesday canceled its Disney Wish ship that was to set sail from Florida on Friday.

Hurricane Ian in the Gulf of Mexico on Sept. 27, 2022. Share this -Link copiedHurricane Ian over Cuba on Tuesday morning Hurricane Ian over Cuba, on Tuesday. Share this -Link copiedIan expected to strengthen later Tuesday morning Hurricane Ian is expected to strengthen later Tuesday morning, officials said. Share this -Link copiedStorm clouds over St. Petersburg, Florida Storm clouds are seen as Hurricane Ian approaches in St. Petersburg, Florida on Monday. Ricardo Arduengo / AFP - Getty Images Share this -Link copiedHurricane Ian as it barrelled towards Cuba Hurricane Ian growing stronger as it barrelled toward Cuba on Monday.

☆ Factbox: U.S. companies gird themselves as Hurricane Ian makes landfall
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +6 min

Sept 28 (Reuters) - Hurricane Ian makes landfall in Florida with Category 4 fury on Wednesday, pushing residents to empty grocery shelves, board up windows and rush to evacuation shelters. Since then, it has been working to redeploy offshore personnel after determining Hurricane Ian no longer posed a significant threat to its assets. A spokesperson said the company was monitoring the hurricane and making adjustments to operations to keep warehouse staff and drivers safe. Costco Wholesale Corp closed nine stores located in Florida due to an impact of Hurricane Ian. CRUISE OPERATORSWalt Disney Co's Disney Cruise Line on Tuesday canceled its Disney Wish ship that was to set sail from Florida on Friday.

☆ Disney to shutter Florida theme parks as Hurricane Ian draws near
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +1 min

Sept 27 (Reuters) - Walt Disney Co (DIS.N) will close its theme and water parks on Wednesday and Thursday as Hurricane Ian nears the coast of Florida, the company said on Tuesday. read moreThe attractions that will be closed on Wednesday and Thursday include Animal Kingdom, Hollywood Studios, Epcot and Magic Kingdom, a spokesperson said. Register now for FREE unlimited access to Reuters.com RegisterWalt Disney had earlier said that some of its hotels in the region would be closed through Friday. Comcast Corp's (CMCSA.O) Universal Resort and SeaWorld Entertainment Inc (SEAS.N) also announced the closure of their theme parks on Wednesday and Thursday. Register now for FREE unlimited access to Reuters.com RegisterReporting by Akash Sriram in Bengaluru and Helen Coster in New York; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "Magic Kingdom"

25 mentions found