Disney Rallies On Plan To Host NBA Season, Proposal To Reopen Top Park
The NBA's plan to resume play at a Disney complex got major backing, while a proposal to reopen its top theme park will be filed.
OverviewThe Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services, including the ESPN, Disney channels, and Freeform networks; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio Network; and the Radio Disney network. It also produces and sells original live-action and animated television programming to first-run syndication and other television markets, as well as subscription video on demand services and in home entertainment formats, such as DVD, Blu-Ray, and iTunes. Its Parks and Resorts segment owns and operates the Walt Disney World Resort in Florida and the Disneyland Resort in California. This segment also operates Disney Resort & Spa in Hawaii, Disney Vacation Club, Disney Cruise Line, and Adventures by Disney; and manages Disneyland Paris, Hong Kong Disneyland Resort, and Shanghai Disney Resort, as well as licenses its intellectual property to a third party for the operations of the Tokyo Disney Resort in Japan. The company's Studio Entertainment segment produces and acquires live-action and animated motion pictures for distribution in the theatrical, home entertainment, and television markets primarily under the Walt Disney Pictures, Pixar, Marvel, Lucasfilm, and Touchstone banners. This segment also produces stage plays and musical recordings; licenses and produces live entertainment events; and provides visual and audio effects, and other post-production services. Its Consumer Products & Interactive Media segment licenses its trade names, characters, and visual and literary properties; develops and publishes games for mobile platforms; and sells its products through The Disney Store, DisneyStore.com, and MarvelStore.com, as well as directly to retailers. The company was founded in 1923 and is based in Burbank, California. |
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Disney Rallies On Plan To Host NBA Season, Proposal To Reopen Top ParkThe NBA's plan to resume play at a Disney complex got major backing, while a proposal to reopen its top theme park will be filed. Disney to submit plan for reopening of Florida parksThe Walt Disney Co. said late Tuesday its Walt Disney World Resort executives will submit a proposal Wednesday to Orange County, Fla., officials with the company's plan for a "phased reopening" of its theme parks in the area. Disney will present the plan at a meeting of the Orange County Economic Recovery Task Force. Disney earlier this month posted a blog and a video of its chief medical officer, Pamela Hymel,outlining the company’s approach to reopening its parks, which include Walt Disney World in Orlando, Fla., and Disneyland in Anaheim, Calif. Shares of Disney rose 0.6% in the extended session Tuesday after ending the regular trading day up 2.5%. Disney to present reopening plan for Walt Disney World on WednesdayDisney to present reopening plan for Walt Disney World on Wednesday Walt Disney World Resort Executives to Submit Proposal for Phased Reopening of ParksThe Walt Disney Company (NYSE: DIS) announced that Walt Disney World Resort executives will submit a proposal tomorrow, May 27, to the Orange County Economic Recovery Task Force in Florida for a phased reopening of the resort’s theme parks. Jim MacPhee, Senior Vice President of Operations, Walt Disney World Resort, will give a virtual presentation of the proposed approach during tomorrow’s online meeting of the Task Force, which begins at 10 a.m. EDT/7:00 a.m. PDT. The Dow Is Rising — and the Nasdaq Is Eating Its Dust. Here’s Why.News on vaccines and treatments, and further information on reopenings has helped push stocks higher. |