Mickey, Dumbo and Walt won’t be gracing the company’s stock certificates after October 16. In fact, nothing will. Disney says it will stop issuing the popular paper and switch to an electronic version. Collectors won’t dig the move, and neither will the sites that hawk the certificates as an entree for kids into investing. “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. Read: It’s a cost-cutting move. Disney added, though, that investors can request non-negotiable “certificates of acquisition”. Expect a run on the paper during the next week; you know how the Disney collectorati can obsess.
Disney Thwarts Collectors: No More Stock Certificates
What's Hot on Deadline
Ryan Lochte Teammate James Feigen Apologizes, Details Rio Gas Station Gaffe & Brazilian Authorities' Big Fine Demands
Oscars: Saudi Arabia Enters 'Barakah Meets Barakah' In Foreign Language Race; Kingdom's Second Submission Ever
Vice's Shane Smith To Big Media: "Open Sh*t Up" Or Alienate A Generation; Predicts M&A Frenzy; Talks Disney - Edinburgh
Latest Film News
- TriStar Nails Attica Prison Riot Book For Amy Pascal; Second Project In Works About 1971 Uprising
- Marketing Exec VP Loren Schwartz Leaving Warner Bros.
- ‘Don’t Breathe’ Review: Don’t Go
- ‘Rings’ Trailer: Samara Returns In The Digital Era
- Doug Liman Will Direct DC Title ‘Justice League Dark’ For Warner Bros
- ‘Manchester By The Sea’ Trailer: First Look At Kenneth Lonergan’s Family Drama Starring Casey Affleck