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Walt Disney Co (DIS.N)

DIS.N on New York Stock Exchange

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23 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Fox Corp Announces Payment Of Dividend To Twenty-First Century Fox And Receipt Of Cash Payment From Disney
Wednesday, 20 Mar 2019 

March 20 (Reuters) - Fox Corp ::FOX CORPORATION ANNOUNCES PAYMENT OF DIVIDEND TO TWENTY-FIRST CENTURY FOX, INC. AND RECEIPT OF CASH PAYMENT FROM DISNEY;.FOX CORP - RECEIVED A CASH PAYMENT IN AMOUNT OF $2.0 BILLION FROM DISNEY.FOX CORP - CASH PAYMENT FROM DISNEY, HAS NET EFFECT OF REDUCING $8.5 BILLION CASH DIVIDEND COMPANY PAID TO 21CF.FOX - PURSUANT TO 21CF-DISNEY DEAL, COMPANY PAID TO 21CF A DIVIDEND IN AMOUNT OF $8.5 BILLION..FOX CORP - TRANSACTION TAX INCLUDED PREPAYMENT OF SHARE OF ESTIMATED TAX LIABILITIES RESULTING FROM ANTICIPATED DIVESTITURES BY DISNEY OF SOME ASSETS.FOX CORP - TRANSACTION TAX PREPAYMENT WAS IN AMOUNT OF APPROXIMATELY $700 MILLION.FOX CORP - PREPAYMENT WAS IN AMOUNT OF APPROXIMATELY $700 MILLION IS SUBJECT TO ADJUSTMENT IN FUTURE.FOX CORP - AS RESULT OF SEPARATION & DISTRIBUTION, COMPANY OBTAINED A TAX BASIS IN ITS ASSETS EQUAL TO THEIR RESPECTIVE FAIR MARKET VALUES.FOX CORP - ESTIMATES ANNUAL TAX DEDUCTIONS OF ABOUT $1.5 BILLION, PRINCIPALLY OVER NEXT 15 YEARS RELATED TO AMORTIZATION OF ADDITIONAL TAX BASIS.FOX CORP - AMORTIZATION IS ESTIMATED TO REDUCE CO'S ANNUAL CASH TAX LIABILITY BY $360 MILLION PER YEAR AT CURRENT COMBINED FEDERAL & STATE TAX RATE OF 24%.  Full Article

Disney Says Per Share Value Of Fox Merger Consideration Calculated To Be $51.572626
Wednesday, 20 Mar 2019 

March 19 (Reuters) - Walt Disney Co ::DISNEY AND 21ST CENTURY FOX ANNOUNCE PER SHARE VALUE IN CONNECTION WITH $71 BILLION ACQUISITION.WALT DISNEY CO - ACQUISITION WILL BECOME EFFECTIVE AT 12:02 A.M. EASTERN TIME MARCH 20, 2019.WALT DISNEY - PER SHARE VALUE OF TWENTY-FIRST CENTURY FOX MERGER CONSIDERATION HAS BEEN CALCULATED IN ACCORDANCE WITH MERGER AGREEMENT TO BE $51.572626.  Full Article

21St Century Fox Announces Completion Of Distribution In Connection With Disney Acquisition
Tuesday, 19 Mar 2019 

March 19 (Reuters) - Twenty-First Century Fox Inc ::21ST CENTURY FOX ANNOUNCES COMPLETION OF DISTRIBUTION IN CONNECTION WITH DISNEY ACQUISITION.TWENTY-FIRST CENTURY FOX - WALT DISNEY COMPANY'S ("DISNEY") ACQUISITION OF 21CF WILL BECOME EFFECTIVE AT 12:02 A.M. EASTERN TIME TOMORROW, MARCH 20.TWENTY-FIRST CENTURY FOX INC - 21CF AND FOX ARE NOW EACH A STANDALONE, PUBLICLY TRADED COMPANY.TWENTY-FIRST CENTURY FOX - FOX CLASS A COMMON STOCK AND FOX CLASS B COMMON STOCK ARE NOW LISTED ON NASDAQ UNDER SYMBOLS "FOXA" AND "FOX," RESPECTIVELY.TWENTY-FIRST CENTURY FOX - 21CF CLASS A COMMON STOCK AND 21CF CLASS B COMMON STOCK NOW LISTED ON NASDAQ UNDER SYMBOLS "TFCFA" AND "TFCF," RESPECTIVELY.  Full Article

The Walt Disney Co Expects 21st Century Fox America Deal To Become Effective At 12:02 A.M. ET On March 20, 2019
Tuesday, 12 Mar 2019 

March 12 (Reuters) - Walt Disney Co ::THE WALT DISNEY COMPANY ANNOUNCES IT EXPECTS NO FURTHER EXTENSION OF EXCHANGE OFFERS AND CONSENT SOLICITATIONS FOR 21ST CENTURY FOX AMERICA, INC. NOTES.WALT DISNEY CO - ACQUISITION IS EXPECTED TO BECOME EFFECTIVE AT 12:02 A.M. EASTERN TIME ON MARCH 20, 2019.  Full Article

Walt Disney Amends Existing Credit Agreements
Wednesday, 26 Dec 2018 

Dec 26 (Reuters) - Walt Disney Co ::WALT DISNEY CO - UNDER NEW 364-DAY CREDIT AGREEMENT, AMENDED $2.25 BILLION FIVE-YEAR CREDIT AGREEMENT - SEC FILING.WALT DISNEY - AMENDED EXISTING $4 BILLION FIVE-YEAR CREDIT AGREEMENT DATED AS OF MARCH 9, 2018.WALT DISNEY CO - REPLACED ITS EXISTING $6 BILLION 364-DAY CREDIT AGREEMENT DATED AS OF MARCH 9 WITH A NEW $6 BILLION 364-DAY CREDIT AGREEMENT.WALT DISNEY - NEW 364-DAY CREDIT AGREEMENT WILL EXPIRE ON MARCH 6, 2020.WALT DISNEY CO - CO MERGING INTO A UNIT OF TWDC HOLDCO 613 CORP., A UNIT OF NEW DISNEY, & 21CF WILL MERGE INTO A SEPARATE UNIT OF NEW DISNEY.WALT DISNEY CO - FOLLOWING DEAL, COMPANY AND 21CF EACH WILL BE A DIRECT, WHOLLY-OWNED SUBSIDIARY OF NEW DISNEY.WALT DISNEY-AMENDMENT TO $4 BILLION & $2.25 BILLION 5-YEAR CREDIT AGREEMENT TO HAVE GUARANTEE FROM NEW DISNEY OF CO'S PAYMENT OBLIGATIONS EFFECTIVE ON DEAL CLOSE.WALT DISNEY CO - AMENDED AGREEMENTS SUPPORT CO'S COMMERCIAL PAPER BORROWINGS AND ARE AVAILABLE FOR OTHER GENERAL CORPORATE PURPOSES.WALT DISNEY CO - $4 BILLION FIVE-YEAR CREDIT AGREEMENT TO EXPIRE ON MARCH 9, 2023 ; $2.25 BILLION 5-YEAR CREDIT AGREEMENT TO EXPIRE ON MARCH 11, 2021.  Full Article

Walt Disney Co Surpassed $7 Billion In Global Box Office Sales In 2018 - CNBC
Tuesday, 11 Dec 2018 

Dec 10 (Reuters) - :WALT DISNEY CO SURPASSED $7 BILLION IN GLOBAL BOX OFFICE SALES IN 2018 - CNBC.  Full Article

Karey Burke Named President, ABC Entertainment
Saturday, 17 Nov 2018 

Nov 16 (Reuters) - Walt Disney Co ::KAREY BURKE NAMED PRESIDENT, ABC ENTERTAINMENT FOLLOWING CHANNING DUNGEY’S DECISION TO STEP DOWN.WALT DISNEY SAYS DUNGEY WILL STAY THROUGH A TRANSITION PERIOD AS BURKE ASSUMES HER NEW ROLE AS PRESIDENT, ABC ENTERTAINMENT.  Full Article

Jam City And Disney Announce Multi-Year Mobile Games Development Partnership
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Walt Disney Co ::JAM CITY AND DISNEY ANNOUNCE MULTI-YEAR MOBILE GAMES DEVELOPMENT PARTNERSHIP.JAM CITY - WILL TAKE OVER AS PUBLISHER OF DISNEY EMOJI BLITZ MOBILE GAME.JAM CITY - TO DEVELOP NEW MOBILE GAMES BASED ON PIXAR AND WALT DISNEY ANIMATION STUDIOS IP.  Full Article

The Walt Disney Company Reports Q4 EPS Of $1.48 Excluding Items
Friday, 9 Nov 2018 

Nov 8 (Reuters) - Walt Disney Co ::THE WALT DISNEY COMPANY REPORTS FOURTH QUARTER AND FULL YEAR EARNINGS FOR FISCAL 2018.Q4 EARNINGS PER SHARE $1.48 EXCLUDING ITEMS.Q4 EARNINGS PER SHARE $1.55.Q4 EARNINGS PER SHARE VIEW $1.34 -- THOMSON REUTERS I/B/E/S.STUDIO ENTERTAINMENT REVENUES FOR QUARTER INCREASED 50% TO $2.2 BILLION.QTRLY REVENUES $14,307 MILLION VERSUS $12,779 MILLION.MEDIA NETWORKS REVENUES FOR QUARTER INCREASED 9% TO $6.0 BILLION.CABLE NETWORKS REVENUES FOR QUARTER INCREASED 5% TO $4.1 BILLION.PARKS AND RESORTS REVENUES FOR QUARTER INCREASED 9% TO $5.1 BILLION.INCREASE IN QTRLY THEATRICAL DISTRIBUTION RESULTS WAS DUE TO SUCCESS OF INCREDIBLES 2 AND ANT-MAN AND WASP IN CURRENT QUARTER.Q4 REVENUE VIEW $13.73 BILLION -- THOMSON REUTERS I/B/E/S.IN QUARTER, RECORDED IMPAIRMENTS OF VICE AND VILLAGES NATURE EQUITY METHOD INVESTMENTS OF $157 MILLION AND $53 MILLION, RESPECTIVELY.  Full Article

Disney Announces New Organizational Structure For Media Networks Business
Monday, 8 Oct 2018 

Oct 8 (Reuters) - Walt Disney Co ::THE WALT DISNEY COMPANY ANNOUNCES NEW ORGANIZATIONAL STRUCTURE FOR ITS MEDIA NETWORKS BUSINESS, CONDITIONAL UPON CLOSING OF 21ST CENTURY FOX ACQUISITION.WALT DISNEY CO - GARY E. KNELL TO SERVE AS CHAIRMAN OF NATIONAL GEOGRAPHIC PARTNERS.WALT DISNEY CO - PETER RICE TO BECOME CHAIRMAN, WALT DISNEY TELEVISION AND CO-CHAIR, DISNEY MEDIA NETWORKS.WALT DISNEY CO - DANA WALDEN TO ASSUME NEW ROLE OF CHAIRMAN, DISNEY TELEVISION STUDIOS AND ABC ENTERTAINMENT.WALT DISNEY CO - 21ST CENTURY FOX EXECUTIVES TO ASSUME LEADERSHIP ROLES AT DISNEY BUSINESS SEGMENT ONCE ACQUISITION CLOSES.WALT DISNEY CO - JOHN LANDGRAF TO SERVE AS CHAIRMAN OF FX NETWORKS AND FX PRODUCTIONS.WALT DISNEY CO - RICE'S APPOINTMENT WILL TAKE EFFECT UPON COMPLETION OF ACQUISITION.  Full Article

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Netflix forecast disappoints as streaming competition looms

Netflix Inc gave a weak forecast on Tuesday that unnerved investors just as Walt Disney Co and others prepare to escalate Hollywood's streaming video wars, although the company's quarterly results beat Wall Street targets.