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Disney Shanghai Is Now Open: Why It Matters For Investors
Monday, May 11, 2020 - 2:11pm | 541Walt Disney Co (NYSE: DIS) over the weekend reopened its Shanghai theme park and this serves as a "great blueprint" for what will happen in the United States, JPMorgan media analyst Alexia Quadrani said on CNBC. What Happened "Normally, the park has a capacity of 80,000 people and 12...
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What We Know About Shanghai Disney's Reopening
Friday, May 8, 2020 - 2:40pm | 421Chinese consumers appear to be eager to visit Walt Disney Co's (NYSE: DIS) theme park, as opening day tickets for May 16 sold out within minutes. What Happened At Shanghai Disney Chinese third-party ticket vendor Flitty said it completely sold out of tickets to visit Shanghai Disney within just...
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Bibbidi Bobbidi Blah: Disney's Q4 Just As Tough As Expected
Friday, November 11, 2016 - 3:21pm | 398Walt Disney Co (NYSE: DIS) reported mixed results for its fourth quarter, as stronger media networks and consumer products (CP) performance were offset by studio and theme parks softness. Bibbidi Bobbidi Blah But, Bank of America reiterated its Buy rating on the stock on potential success of...
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Bob Iger Pacifies Disney Investors Following Disappointing Q4 Performance
Friday, November 11, 2016 - 12:48pm | 504Reviewing Walt Disney Co (NYSE: DIS)'s fourth-quarter results, BMO Capital Markets said it believes the shares reacted well to CEO Robert "Bob" Iger's observation that ESPN is seeing less impact from MVPD subscribers downgrading to packages that exclude ESPN. At the time of writing, shares of...
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Why A Weak Q4 From Disney Didn't Stop Barclays From Upgrading The Stock
Friday, November 11, 2016 - 10:47am | 380By many measures Walt Disney Co (NYSE: DIS)'s fourth-quarter earnings report was poor and demonstrated continued weakness in the company's ESPN unit. Nevertheless, Kannan Venkateshwar of Barclays upgraded Disney's stock to Equal Weight from Underweight with an unchanged $89 price target. According...
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Disney's New Park Is Now Open In Shanghai, But How Chinese Is It Really?
Friday, June 17, 2016 - 11:52am | 340Walt Disney Co (NYSE: DIS) spent $5.5 billion over many years to build a new resort park in Shanghai, China. The park opened for the very first time this week and boasts a "distinctly Chinese" feel. Bloomberg quoted Disney's CEO Bob Iger as saying that the company didn't "build Disneyland in China...
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Disney's New $5.5 Billion Resort In Shanghai Opens On Thursday, But Can It Survive?
Tuesday, June 14, 2016 - 10:58am | 264Walt Disney Co (NYSE: DIS) spent more than $5 billion to build a resort park in Shanghai, China, which is scheduled to open to the public on Thursday. According to Bloomberg, Disney's ambitions in China is a "prize worth fighting for" (cue "Mulan" tune), as the country's annual tourism revenue is...
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Disney's Massive $5.5 Billion Park In Mainland China To Open In June
Wednesday, January 13, 2016 - 9:34am | 215Shares of Walt Disney Co (NYSE: DIS) were trading higher by nearly 0.5 percent early Wednesday morning. The company confirmed in a blog post that its new $5.5 billion resort in mainland China will open in June. Disney noted that its Shanghai Disney Resort will host a grand opening celebration...