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The Walt Disney Company Add to portfolio

INX:DIS, Jul 15, 12:16 UTC

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Monday, July 13


News

Hong Kong Disneyland to Close Again, Days After Disney World Reopens

DIS

Hong Kong Disneyland will close again on Wednesday to comply with a government-directed rollback of public activities in the region after an increase in coronavirus infections, the Walt Disney Company said on Monday. Disney called the closing of the theme park “temporary” and said its resort hotels at the Lantau Island complex would remain open. Over the weekend, Disney executives in Florida cited the smooth reopening of Hong Kong Disneyland and other Disney parks in Asia as evidence that the company’s largest resort, Walt Disney World, could reopen safely, even as coronavirus cases in Florida surge to alarming levels. Hong Kong also prohibited all dining inside restaurants every evening from 6 p.m. Health officials said the territory’s new spate of cases was mainly connected to taxi drivers, restaurants and nursing homes.

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Friday, July 10


News

What To Make Of Disney World Opening Amid A Spike In COVID-19 Cases

DIS

Walt Disney Co (NYSE: DIS) is proceeding with its plans to reopen its Disney World parks in Florida on Saturday despite surging coronavirus cases. Disney should open its Orlando park to the public and can do so safely, Bill Coan, an ex-Disney Imagineer and design manager at Disneyland Paris, said on CNBC. In fact, Disney can offer an experience that's as safe as anything else that's open to the public in everyone's day-to-day life. Disney's total 2020 revenue is likely to fall just 2.8% from 2019 in part due to a "huge pent up demand" for its Parks, CFRA senior media and entertainment analyst Tuna Amobi said on CNBC.

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Monday, July 06


News

Breakingviews - Corona Capital: Disney/“Hamilton”, U.S. housing

DIS

Hamilton might help get users hooked on Disney’s new streaming service. But to borrow from one of Miranda’s characters, dying is easy in today’s digital entertainment market. The prospect of telecommuting at least on and off for the foreseeable future may well reinforce that. But being bullish also requires making some big assumptions, like the idea that younger adults might now spend more on essentials and less on experiences. Or that a longer-term shift from cities to suburbs is starting – something that may not prove as big an attraction as it seems right now. With the lockdown and social distancing rules crippling demand from Pret’s traditional mainstay of hurried office workers, Chief Executive Pano Christou is trying to reach new customers by delivering coffee through Amazon.com, or food through delivery service Deliveroo. However, for a company built on fast, friendly service, experimenting with a totally different proposition in already competitive markets is risky and will likely require investment. Monty Bennett, a Dallas hotelier and donor to President Donald Trump, recently came under scrutiny for applying for $125 million in Paycheck Protection Program loans for his 13,000-employee business, according to the Dallas Morning News.

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Friday, July 03


News

Ford Sees 33.3% Fall in Q2 Sales Volume, Partners With Disney

DIS F

Sales volume for passenger cars and SUVs were down 59.5% and 29.9%, year on year, with 44,650 and 151,328 vehicles sold, respectively during the period under consideration. Sales of Ford Mustang also slid 27.3% in the quarter, with 15,717 cars sold. Further, the company registered unit sales of 25,008 vehicles, indicating an increase of 19.8% year over year, for its Ranger series in the quarter. Ford Transit continued as America’s best-selling van through the first half of 2020. However, it sales volume were 17,944 in the quarter, down 56.5% year over year. While the company’s retail sales declined 14.3% amid the coronavirus mayhem, Ford’s retail share grew to 13.3%, marking the best retail share in five years. This can be attributed to the firm’s increasing e-commerce activities, its Built for America campaign, as well as strong market gains from pickups, vans and SUVs. Ford’s overall truck and SUV retail share totaled more than 16.5% of the combined segment in the quarter.

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Thursday, June 25


News

KB Home, Walt Disney Fall; Rite Aid, Accenture Rise

DIS ACN

Business|KB Home, Walt Disney Fall; Rite Aid, Accenture Rise. The drugstore chain reported a surge in first-quarter revenue and beat Wall Street's financial forecasts. The consulting company's third-quarter revenue and profit beat analysts' forecasts. The maker of French's mustard reported a surge in demand during the second quarter and its profit handily beat forecasts.

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News

Apple and Disney prove reopening isn’t easy

DIS AAPL

Apple and Disney prove reopening isn’t easy CNN June 25, 2020. Companies that were forced to shut down parts of their business due to Covid-19 have seen this summer as a chance to start getting back on track. But surging cases in a number of US states are forcing firms like Disney and Apple to scuttle their plans or reverse course, underscoring the difficulty of planning for the future amid a pandemic. What’s happening: Disney is delaying the phased reopening of Disneyland in California, which had been set to welcome back guests on July 17. And Apple said it would shutter seven stores that had reopened in Houston, Texas, days after it closed 11 stores across Florida, North Carolina, South Carolina and Arizona. The decisions come as Florida, Texas and California — the three most populous US states — have announced record surges in cases this week. If the case trajectory continues in Houston, it could be the hardest-hit city in the United States. Shares in the company, which have lost 90% of their value in less than a week, were suspended on the Frankfurt stock exchange, my CNN Business colleague Charles Riley reports.

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Stocks - Disney, MGM Resorts Fall Premarket; Moderna Climbs

DIS

Walt Disney (NYSE:DIS) stock dropped 2.5% after the entertainment giant announced it would delay the reopening of its theme parks and resorts in California due to the rise in coronavirus cases. The Wall Street Journal also reported that it may delay the release of its potential blockbuster ‘Mulan’ film. Carnival (NYSE:CUK) stock dropped 6.9% with the cruise line operator looking to raise $1.5 billion via a leveraged loan to shore up its business, which has been sunk by the coronavirus pandemic. MGM Resorts (NYSE:MGM) stock fell 4.8% after the casino operator said it will require that all guests wear face masks in all of its U.S. outlets from Friday.

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KB Home, Walt Disney fall; Rite Aid, Accenture rise

DIS ACN

NEW YORK — Stocks that moved heavily or traded substantially on Thursday:. The drugstore chain reported a surge in first-quarter revenue and beat Wall Street's financial forecasts. The consulting company's third-quarter revenue and profit beat analysts' forecasts. The maker of French's mustard reported a surge in demand during the second quarter and its profit handily beat forecasts.

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News

Disney shares drop as company delays reopening of California Disneyland

DIS

Disney shares drop as company delays reopening of California Disneyland. (Reuters) - Shares of Walt Disney Co dropped 2.4% on Thursday after the media company delayed the reopening of theme parks and resort hotels in California, following a surge in fresh COVID-19 cases in the state. In late January, the pandemic started battering businesses across Disney's global portfolio when the company shuttered Shanghai Disney Resort and Hong Kong Disneyland. Disney had also come under fire earlier as unions representing 17,000 workers at its Disneyland Resort in California expressed concerns to the state's governor about not being convinced that the theme park will be safe enough to reopen by the company's target date.

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Disneyland delays its July 17 reopening to a later date

DIS TWTR

"The State of California has now indicated that it will not issue theme park reopening guidelines until sometime after July 4. Given the time required for us to bring thousands of cast members back to work and restart our business, we have no choice but to delay the reopening of our theme parks and resort hotels until we receive approval from government officials," says an official Disney Parks news release. Throughout Disneyland, California Adventure and Downtown Disney, we can expect a few major—temporary—changes, including mandatory face masks, cashless transactions, reservation-only visits to the parks, and temperature checks prior to entry, among other new rules intended to help stop the spread. Anaheim’s Disney parks temporarily closed on March 14, and while other California theme parks released reopening timelines and hints, the House of Mouse remained oddly silent through the last few months. The last piece of the puzzle would fall into place on July 23, when the Grand Californian Hotel & Spa and Paradise Pier Hotel would reopen. While there are no set guidelines released for Disneyland’s return just yet, we can look to Shanghai Disneyland and Walt Disney World to see what practices we might need to follow here in Anaheim.

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