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Monday, Jun 5, 2023

Disney Stock Less Animated

Say goodbye to Mickey Mouse and Donald Duck. Well, that’s if you’re an investor. Walt Disney Co. will no longer issue printed copies of its stock certificate, which has become a collector’s item for featuring depictions of some of its popular animated characters. The board of the Burbank entertainment and media conglomerate voted on Oct. 4 to make the change effective Oct. 16. After that date stock will be issued in an electronic form. The company disclosed the change in an Oct. 8 filing with the Securities and Exchange Commission. “Like hundreds of other companies, Disney will no longer be issuing paper stock certificates in an effort to create a more secure and efficient system,” the company said, in a statement. Disney stock featured a black-and-white photo of company founder Walt Disney surrounded by animated characters, including Winnie the Pooh, Mickey Mouse, Dumbo, Bambi and Pinocchio. Shares closed up $1.99, or 3.13 percent, to $65.58 on the New York Stock Exchange.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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