Positive Sentiment Continues For The Walt Disney Company (NYSE:DIS)
The Walt Disney Company (NYSE:DIS) investors also seem to have positive sentiment for the stock as it marked a fresh 52 week high of $74.78 on Friday before closing at $74.35. The stock has delivered more than 50% returns in trailing twelve months and is trading 54.25% above its 52 week low of $48.20. A California based company recently announced that it will discuss 1Q14 financial results on Wednesday, February 5, 2014 at 5:00 p.m. EST via a live audio Webcast. Results are expected to be released around 4:15 p.m. EST on the same day.
A&E Networks and Anti-Gay Remarks
Jointly owned by The Walt Disney Company (NYSE:DIS) and privately held Hearst Corp, A&E Networks is a global media content company. A&E Networks earlier fired Phil Robertson for his anti-gay remarks to GQ magazine and recently on Friday it said to bring back Robertson to the popular reality show “Duck Dynasty”.
This decision must not be surprising given the outcry by Robertson’s fans as well as the financial commitment being at stake, as the big-name corporate sponsors including Wal-Mart Stores, Inc. (NYSE:WMT), Target Corporation (NYSE:TGT) and restaurant chain Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL), among others stuck by the series.
Disney’s Fate with Marvel
Though The Walt Disney Company (NYSE:DIS) spent $4 billion to acquire Marvel Entertainment back in 2009 it could not claim some of the most popular characters including the Fantastic Four, X-Men and Spider-Man, as the company already sold out the film rights to many of its characters owing to its financial struggles.
Presently, a subsidiary of Sony Corporation (ADR) (NYSE:SNE), Columbia Pictures holds the rights to Spider-Man which has been popular since it hit the big screen in 2002 and the holding company is consistently milking revenue with concept innovation. Twenty-First Century Fox Inc. (NASDAQ:FOX) that holds rights to the Fantastic Four and the X-Men, has now decided to combine these characters for its sequels.