The Walt Disney Company

News

Walt Disney Company Stock Closing Higher in Recent Weeks

Shares of stock for The Walt Disney Company have been trading above $90 a share recently.

The company's stock used to trade above $100 in the 1980s and 1990s, but when the stock closed on August 19 at $90.09 a share it was the first time time in 15 years that the company's stock had closed above $90.

Paul Candland Named President of The Walt Disney Company Asia

The Walt Disney Company recently announced that Paul Candland was named to the newly created position of president, The Walt Disney Company Asia.

In this position, Candland will have oversight of Japan, Korea, Southeast Asia, and Greater China and will be responsible for driving the company's strategy and business efforts in Asia. Candland, a 16-year Disney veteran, was president of Walt Disney Japan.

Disney Denies Claims Presented in Americans with Disabilities Act Lawsuit

Disney has filed a response to the lawsuit filed in April by 16 families who said the theme parks' Disability Access Service violates the Americans with Disabilities Act (ADA).

In the original lawsuit, the families of 16 children and young adults with autism and other developmental disabilities alleged that the new Disability Access Service is unsuited to the needs of guests with special needs.

Disney’s Accelerator Program Announces Startup Participants

Disney recently announced the 11 startup companies selected to participate in the Disney Accelerator program.

The Disney Accelerator, powered by Techstars, is a first-of-its-kind program for The Walt Disney Company that is connecting innovative companies with Disney, and giving them access to the creative expertise and resources needed to help them develop new entertainment experiences and products.

The Disney Institute Announces New Business Excellence Curriculum

The Disney Institute recently announced a new business curriculum for 2014-2015.

The series of accredited professional development courses were created to help professional navigate a dynamic business environment, deal with the evolution of social media as it is used in business, and address the shift in consumer expectations.

Disney Executive Who Oversaw Development of MyMagic+ Set to Leave Walt Disney Company in July

The Walt Disney Company executive who headed the development of the MyMagic+ program is leaving the company.

Nick Franklin has been with The Walt Disney Company since 1996 and is the longest-serving member of the Walt Disney Parks and Resorts executive committee.

A Disney spokesperson said the decision to leave the company was Franklin's and he is planning to help other companies use innovation the way he did with Disney.

Expansion of Shanghai Disney Resort to be Accelerated to Increase Park Capacity

The Walt Disney Company has reached an agreement with its joint venture partner in China to accelerate the expansion of the Shanghai Disney Resort.

The increased investment agreement with Shanghai Shendi Group will be used for attractions, entertainment, and other offerings to increase capacity at the theme park. Most of the additional construction should be completed by opening day.

Disney Offers to Raise Minimum Wage at Walt Disney World over the Next Two Years

In an effort to match the federal minimum wage sought by President Barack Obama, the Walt Disney Company has offered to increase pay for workers at the Walt Disney World Resort by 25 percent over the next two years

This increase would take the minimum wage rate for hourly Walt Disney World Resort employees to $10 an hour.

The Walt Disney Company Named World’s Most Reputable Company

The Walt Disney Company has been named the world's most reputable company by the Reputation Institute.

The "most reputable" title was based on results of a worldwide consumer survey. Disney shares the number one spot with Google, with each company scoring a 77.3 in the survey.

2013 was Landmark Year for Disney Citizenship Performance

The Walt Disney Company is reporting that 2013 was a "landmark" year for citizenship performance.

In 2012, Disney published a series of time-bound, measurable targets to track citizenship performance, and the 2013 Disney Citizenship Summary is the second published disclosure of progress toward those targets.

Articles

What It Took to Bring MyMagic+ and Magic Bands to the Walt Disney World Resort

It's a story filled with drama, intrigue, cast changes, and outrageous budgets. Think we're talking about the latest blockbuster film from Disney? Not even close. We're talking about the story behind MyMagic+ and Magic Bands and how the way we all experience Walt Disney World Resort has changed in the past few years.

Bob Iger to Remain Chairman and CEO of The Walt Disney Company Through June 30, 2018

The Walt Disney Company Board of Directors has extended the contract of Chairman and CEO Bob Iger through June 30, 2018.

Iger has been at the helm of The Walt Disney Company since 2005.

Under Iger's leadership Disney has acquired Pixar, Lucasfilm, and Marvel. The company has also seen an expansion of its parks and resorts around the world, including the opening next year of Shanghai Disneyland.

Walt Disney Company Raises Annual Dividend by 15 Percent

The Walt Disney Company announced that it is raising its annual dividend by 15 percent to 86 cents from 75 cents.

This boost comes after the company's third consecutive year of record net income, earnings per share, and revenue.

The dividend is payable on January 16, 2014 to shareholders of record on December 16. It is the 58th consecutive dividend payment to shareholders according to the company.

Disney’s Theme Parks and Interactive Media Divisions Boost Company’s Fourth Quarter Profits

The Walt Disney Company has reported a positive end to its fourth quarter and fiscal year, reporting a 7 percent increase in revenue for the year and an 8 percent increase in net income.

The positive quarter-and year-end results were due in large part to the theme park and interactive segments, including sales of Disney Infinity.

Disney Cast Members Couch to 5K Plus

The fun and inventive runDisney events have been inspiring Disney fans around the world to get up off the couch and get moving. But the Walt Disney Company's commitment to health and fitness isn't just about getting guests to visit the property. Since 2011 hundreds of Cast Members have been taking steps in the right direction to become more active.