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The Latest Breaking News from Walt Disney Co

Disney Communications Chief Geoff Morrell Resigns After Three Months

Geoff Morrell, the Walt Disney Co.’s (NYSE: DIS) chief corporate affairs officer who crafted the company’s public response to Florida’s so-called “Don’t Say Gay” legislation, has left the company after three months on the job.

Benzinga

Axing Disney World’s Reedy Creek could hurt Florida government finances, analysts say

ORLANDO, Fla. — Dissolving the Reedy Creek district could hurt Florida government finances and potentially strengthen The Walt Disney Co.’s balance sheet at taxpayers’ expense if leaders don’t solve a complex set of legal problems, according to industry analysts following the showdown.

Orlando Sentinel

DeSantis Says Disney Got A 'Wake-Up Call' By Losing Reedy Creek Special Status

Florida Gov. Ron DeSantis took a fresh swipe at the Walt Disney Co. (NYSE: DIS), claiming his push to eliminate the company Disney's Reedy Creek special district should be seen as a “wake-up call” to a company that veered away from its original corporate mission.

Benzinga

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'SportsCenter' Anchor Sage Steele Sues ESPN And Disney: Here's Why

ESPN's "SportsCenter" anchor Sage Steele has filed a lawsuit against her network and its parent, Walt Disney Co. (NYSE: DIS), charging them with breach of contract and violating her free speech rights following social and political remarks she made during a podca

Benzinga

Disney Says Florida Cannot Dissolve Reedy Creek Without Addressing Debt Load

The ongoing feud between Walt Disney Co. (NYSE: DIS) and the administration of Florida Gov. Ron DeSantis took another twist as the company is questioning the process that will eliminate its special status tax district in June 2023.

Benzinga

Disney ‘metaverse’ begins to take shape

LOS ANGELES — Walt Disney Co. has brought its characters to life in its theme parks and expanded its franchises through streaming services.

Los Angeles Times

Disney targeted by QAnon believers using meme-stock tactics

For weeks now, followers of the fringe conspiracy group QAnon have been spinning theories and falsehoods about Walt Disney Co. online, whipping up a frenzy of negative sentiment against one of America’s best-known corporations.

Tribune News Service

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Jim's Bargain Bin: Why Cramer Just Bought Disney And This Year's Worst-Performing Dow Jones Stock

Walt Disney Co (NYSE: DIS) shares dropped nearly 15% last year, making it the worst-performing Dow Jones stock of 2021. Disney is off to another abysmal start, trading lower by about 25% just this year.

Benzinga

Editorial: To end a Mickey Mouse situation, Disney and DeSantis must talk and compromise

The goofy impasse between the Walt Disney Co. and the state of Florida — two venerable entities whose fates are inextricably intertwined — is providing lots of red meat for Fox News, MSNBC and divisive partisans on both sides — but it’s bad for America.

Chicago Tribune

One Analyst Cuts Disney Price Target, Another Reiterates Buy Rating: Who's Right?

Walt Disney Co (NYSE: DIS) was featured as the call of the day Tuesday on CNBC's "Fast Money Halftime Report." Analysts Clash: BMO reiterated Disney with a Market Perform rating and cut the price target to $140 from $175.

Benzinga

Why Disney Shares Fell Today

Walt Disney Co (NYSE: DIS) fell by 2.86% to $104.49 Wednesday as the market reacted to the Fed's decision to hike rates by 75 bps. The Fed also issued outlook on inflation, unemployment and economic growth. What Happened?

Benzinga

Disney Debuts Trailer For LGBTQ Rom-Com 'Fire Island'

The Walt Disney Co. (NYSE: DIS) is getting an early jump on June’s Pride Month celebrations by dropping the trailer for “Fire Island,” an LGBTQ rom-com scheduled to premiere June 3 on Hulu.

Benzinga

Upcoming Docuseries On FX, Hulu Takes A Critical Look At Elon Musk, Tesla's Self-driving Ambition

Walt Disney Co (NYSE: DIS) owned cable television channel FX will premiere a documentary series on Tesla Inc (NASDAQ: TSLA) CEO Elon Musk in collaboration with The

Benzinga

Michael Hiltzik: In Florida, DeSantis punishes Disney — by giving it a big tax cut

Up in their corporate suite, executives of the Walt Disney Co. must be laughing themselves silly.

Los Angeles Times

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Benzinga

Texas Judge Invites Disney To Relocate Theme Parks To The Lone Star State

A Texas judge has invited the Walt Disney Co. (NYSE: DIS) to bid farewell to the “extremists in Florida” and relocate its Sunshine State attractions and operations to the Lone Star State.

Tribune News Service

Disney’s $578 million tax break left untouched in DeSantis feud

Florida Gov. Ron DeSantis may have put a bull’s-eye on special perks that Walt Disney Co. has enjoyed in his state for more than 50 years, but he’s keeping his hands off hundreds of millions of dollars in tax breaks recently lavished on the entertainment giant.

Orlando Sentinel

DeSantis signs bill eliminating Walt Disney World’s Reedy Creek district; Fitch warns of bond downgrade

Florida Gov. Ron DeSantis signed into law two bills targeting The Walt Disney Co. on Friday, eliminating the company’s special Reedy Creek district and stripping its exemption from the “Big Tech” social media bill.

The Independent UK

EXPLAINER: Why are Disney and DeSantis feuding in Florida?

The Florida Legislature has passed a bill to dissolve a private government controlled by Disney that provides municipal-like services for its 27,000 acres in the Sunshine State

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Benzinga

Florida House Approves Elimination Of Disney's Special District: What Happens Next?

Florida’s Republican-controlled House of Representatives voted to dismantle Walt Disney Co’s (NYSE: DIS) self-governing special district.

Benzinga

Disney Stock Provides Meat For The Bears: Here's Where To Watch For The Bounce

Walt Disney Co (NYSE: DIS) was trading about 1% lower on Thursday after falling in sympathy with Netflix, Inc (NASDAQ: NFLX) on Wednesday, which plunged almost 40% after printing its first-quarter earnings.

Benzinga

Florida Senate OKs Dismantling Of Disney's Special District Status

The Republican-majority State Senate in Florida passed a bill on Wednesday to dissolve the special tax district status enjoyed by Walt Disney Co. (NYSE: DIS) in the area around its Orlando theme parks.

The Independent UK

Years of fruitful relations between Disney, Florida at risk

The idea was presented to Florida lawmakers in a movie house outside Orlando 55 years ago: Let Disney form its own government and in exchange it would create a futuristic city of tomorrow

Benzinga

Why Disney Shares Are Moving Following Netflix's Earnings Report

Several notable names in the streaming and entertainment sector, including Walt Disney Co (NYSE: DIS), are trading lower in sympathy with Netflix Inc (NASDAQ: NFLX) after the company reported first-quar

Benzinga

Why Disney Shares Are Falling Following Netflix's Earnings Report

Benzinga

What's Driving Disney Shares Higher Today?

The Walt Disney Co (NYSE: DIS) shares are trading higher Tuesday following positive analyst coverage from Rosenblatt. Rosenblatt analyst Barton Crockett initiated coverage on Disney with a Buy rating and announced a $177 price target.

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