Tag: The Walt Disney Company

The Walt Disney Company will assume full operational control of Hulu, effective immediately, in return for Disney and Comcast Corporation entering into a “put/call” agreement regarding NBCUniversal’s 33 percent ownership interest in Hulu.

Second-quarter revenues at The Walt Disney Company rose by 3 percent to $14.9 billion, with net income rising to $5.4 billion, on the heels of its 21st Century Fox acquisition.

Kevin Mayer, the chairman of direct-to-consumer and international at The Walt Disney Company, touted the importance of Asia as a growth driver and discussed the strategy behind Disney+ at APOS today.

The Walt Disney Company's acquisition of 21st Century Fox became effective at 12:02 a.m. Eastern today, March 20.

The Walt Disney Company has appointed Ravi Ahuja as president of business operations and chief financial officer upon the close of the 21st Century Fox acquisition.

Speaking on an investor conference call for Q1 financials, Robert A. Iger, chairman and CEO at The Walt Disney Company, said that direct-to-consumer "remains our number one priority."

The Walt Disney Company has announced the new international leadership team that will be formed under Kevin Mayer following the closing of the Fox transaction, with Rebecca Campbell to oversee EMEA, Diego Lerner running Latin America and Uday Shankar tapped for the Asia operation, while global sales and distribution will fall under Janice Marinelli.

Fourth-quarter revenues at The Walt Disney Company were up 12 percent to $14.3 billion, with net income rising by 33 percent to $2.3 billion.

Key leadership appointments have been made for the new “Fox,” the company to be spun off from 21st Century Fox in connection with the merger with The Walt Disney Company.

The Walt Disney Company's third-quarter results, falling short of analyst expectations, showed revenues up 7 percent to $15.2 billion, delivering a net profit of $2.9 billion, a 23-percent increase.