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The Latest Breaking News from Walt Disney Co

Shares of several gaming, streaming and social media companies, including Walt Disney Co (NYSE: DIS), are trading lower amid overall market weakness as traders continue to digest Wednesday's Fed rate hike announcement. An increase in yields has pressured tech and growth stocks.

Benzinga

Florida Residents File Lawsuit To Preserve Disney's Special Tax District Status

The feud between the Walt Disney Co. (NYSE: DIS) and Florida Gov. Ron DeSantis detoured into litigation as three state residents filed a lawsuit to block the newly-passed law that will dismantle Reedy Creek Improvement District, Disney’s special tax district.

Benzinga

Disney Pays $100K To Settle Bedbug Lawsuit: Report

The Walt Disney Co. (NYSE: DIS) is settling a lawsuit brought by a vacationer who claimed she was bitten by bedbugs during her vacation at the Disneyland Hotel in Anaheim, California.

Benzinga

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Could The Force Be With Disney's Stock In May? Several Star Wars Events Could Provide Catalysts For The Media Giant

Walt Disney Co (NYSE: DIS) has a big May ahead for investors and fans with several new items being released and announced and quarterly earnings on deck. Here's a look at what’s in store.

Benzinga

Texas Republican Seeks To Drop No-Fly-Zones Over Disney Theme Parks

Florida Gov. Ron DeSantis isn’t the only Republican lawmaker taking aim at the Walt Disney Co. (NYSE: DIS). U.S. Rep. Troy Nehls (R-Texas) is seeking to eliminate the company’s federal no-fly-zone privileges over its U.S. theme parks.

Benzinga

India's 2 Richest Bringing Their Fight To Media Space Spells Trouble For Netflix, Disney

Indian OTT space is heating up with the country's top two billionaire tycoons — Mukesh Ambani and Gautam Adani — gearing up to compete against each other.

Benzinga

Fantastical And Magical: Is Disney Planning 'Encanto' Attraction At Theme Parks?

Contrary to the chart-topping song’s insistence, we can talk about Bruno — or, at least, the Walt Disney Co. (NYSE: DIS) is talking about a new theme park attraction inspired by the animated feature “Encanto.”

Benzinga

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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

'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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Benzinga

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.

Chicago Tribune

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.

Benzinga

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?

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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

Los Angeles Times

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.

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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