Disney animation has gone digital.
So have Disney stock certificates.
In a filing earlier this month, The Walt Disney Co. announced that it would no longer provide paper stock certificates after Oct. 16. Beyond that date, "all shares of stock of the Company would be issued, recorded and transferred solely in uncertificated book entry form."
Certificates for shares already issued will still be recognized as legitimate but once transferred, "reissued shares would be only in uncertificated form," the company said.
"Disney is one of the five most-popular modern certificates," said Bob Kerstein of Scripophily.com. But the death of paper is inevitable, he said, as "everyone is trying to control costs."
Facebook chose to skip paper certificates altogether, but Kerstein said there are still some interesting ones from tech companies such as Apple and Yahoo. Starbucks, Harley-Davidson and Manchester United still provide physical proof you own shares, and Kerstein said some unique start-ups use them as a marketing tool of sorts—"Medical Marijuana, on hemp paper." Not ZigZag paper, apparently.
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