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Disney CEO Talks Theme Park Reopenings, Disney+, ESPN In CNBC Interview
Monday, May 11, 2020 - 5:34pm | 745Walt Disney Co (NYSE: DIS) CEO Bob Chapek was a guest on CNBC's "Squawk Alley" to offer an update on its Shanghai property. Shanghai A 'Baby Step' Disney re-opened its theme park in Shanghai over the weekend, and the facility is a "short book market" where the...
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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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Analyst: If Content Is King, Disney Is 'King Of Content'
Thursday, November 9, 2017 - 11:16am | 530Walt Disney Co (NYSE: DIS) is scheduled to report third-quarter results after Thursday's market close. As has been the case for the past few years, many investors likely feel anxious heading into the print given ongoing concerns with the ESPN unit and the impact of cord-cutting. Investors are...
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No 2 Disneylands Alike: Newest Park In Shanghai Beat Expectations
Friday, June 23, 2017 - 10:58am | 794Walt Disney Co (NYSE: DIS)'s theme park in Shanghai celebrated its first year by coming close to breaking even, a first for the entertainment giant in 30 years. But is the newest the best of the bunch? It’s certainly the biggest, reflective of its humongous market. At 963 acres, you could...
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Disney Shanghai And The True Growth Driver For The House Of Mouse
Saturday, June 17, 2017 - 2:04pm | 371Investors who think that Walt Disney Co (NYSE: DIS)'s main growth drivers are movies, toys, or ESPN are wrong, at least according to Barton Crockett of FBR Capital Markets. Surprising or not, Disney's theme parks are the main drivers of earnings, Crockett explained as a guest on CNBC's...
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Why Disney's Shanghai Success Supports Theme Park Thesis For The House Of Mouse
Friday, April 7, 2017 - 12:42pm | 364What role will Walt Disney Co (NYSE: DIS)'s theme parks, particularly Shanghai Disney, contribute to Disney's stock? According to UBS's Doug Mitchelson, Disney's Shanghai park will drive 29 percent of the EBIT growth for Disney's Parks division through 2021. As a whole, Disney's Parks segment will...
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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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From Turkey Legs To 1 Million Visitors, Shanghai Disney's Success A Pleasant Surprise For CEO Iger
Wednesday, July 13, 2016 - 2:37pm | 360Nearly one million people have already visited Walt Disney Co (NYSE: DIS)'s amusement park in Shanghai within just weeks of opening. Disney's CEO Robert "Bob" Iger said during the Fortune Brainstorm Tech conference in Aspen, Colorado, that the park's guests are staying...
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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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Bob Iger On Shanghai: Greatest Opportunity For Disney Since Walt Bought Land In Florida
Wednesday, June 15, 2016 - 10:31am | 330Walt Disney Co (NYSE: DIS) will open its multi-billion dollar theme park in Shanghai, China, and will face stiff competition from Wanda Group, the country's largest private property developer that plans on opening 15 to 20 of their own theme parks across the country. Putting aside the...
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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...