Posted on 07/06/2023 12:18:47 PM PDT by Red Badger
Disney stock has fallen to its Friday price of $89.28 from a high of $200 in 2021.
Investment advisory company KeyBanc Capital Markets downgraded Disney’s stock last week due to concerns that growth has stalled for the Mouse House’s Disney+ and Hulu streaming services and lower attendance at theme parks.
The company’s stock price fell after KeyBanc analysts lowered Disney’s rating from overweight to sector weight on Wednesday.
According to Barron’s, analysts led by Brandon Nispel said, "While Disney appears less expensive versus its historical average, we believe the stock is unlikely to work until a number of items have line of sight to being resolved."
Nispel also claimed there would be a "deceleration of revenue" between the third and fourth quarters of the fiscal year.
The analysts were concerned by the slow subscriber growth of Disney+ and Hulu, as well as ESPN’s new streaming service possibly being priced too high. Additionally, low theme park attendance compared to company expectations contributed to the analysis.
Disney stock has fallen to its Friday price of $89.28 from a high of $200 in 2021.
Last month, it was revealed that Disney lost approximately $900 million on its combined eight releases last year, including Lightyear, Thor: Love and Thunder, Strange World, Black Panther: Wakanda Forever, Antman and The Wasp: Quantumania, Guardians of the Galaxy: Volume 3, Elemental, and The Little Mermaid.
The latest Indiana Jones installment is also performing well below expectations.
According to CNBC, the analysts also pointed out that though demand for sports on cable TV remains high, most customers aren’t willing to pay for ESPN streaming services yet.
Last week, The New York Post reported that ESPN laid off 20 on-air personalities, including some of the network’s biggest stars, such as Jeff Van Gundy, Max Kellerman, Keyshawn Johnson, Suzy Kolber, and Jalen Rose in an effort to save tens of millions of dollars.
CNBC also reported that Nispel said in a client note Wednesday, "We prefer to step aside, acknowledging meaningful uncertainty, and wait for further catalysts, as buying the dip has been a losing trade.”
KeyBanc predicted that the Mouse House would likely have to raise prices on Disney+ and Hulu and strategize on how to retain existing customers in a tiered system for those looking to avoid a price increase.
Disney is raw evil—toxic to decent people.
to diversified, to big to fail
They need a blockbuster. Is Harrison Ford doing anything?
Subjecting your children to anything with a Disney trademark is child abuse.
Disney has become an abomination. /Captain Obvious
That sucks. Literally. With minors.
Just wait until the 1/2 billion loss on “Indiana Jones and the Dial of Dysentery” gets logged. It is actually on target to lose something in that realm.
besides Sleeping?...........................
Excellent. Crash and burn.
Wait until takes a loss on Indiana Jone film.
It will push their loses over a $ Billion.
Could not happen to a more woke company.
They have earned their loss’s the Woke Way.
We’re losing money!
I know, let’s raise prices...
Who do they think they are...mass transit?
HA HA !
Does this mean we’re not gonna see a tranny Indiana Jones. How ‘bout and Indiana Buttigieg? The Temple of the Lost Breast Pump?
the little bit that has been revealed about Disney’s decision-making over the movie “The Sound of Freedom” has revealed that their management is stuck deeply in a woke fever-swamp
It is something to behold, watching these festering degenerate homosexuals at Disney get sodomized by the public at large. DIE, Disney, DIE!
Now onto the New York Times. /spit.
Reminds me of Braniff International airlines where they lost money on each seat but they said “we’ll make it up in volume“......
Action movie Sound of Freedom has defied expectations at the Box Office and beaten Harrison Ford’s swansong, Indiana Jones and the Dial of Destiny.
The movie box office website Box Office Mojo confirmed that Sound of Freedom outperformed Indiana Jones and the Dial of Destiny on Tuesday July 4.
While the fifth Indiana Jones movie made $11,698,989, Sound of Freedom made almost its entire budget back: $14,242,063.
Goes to show that Hollywood is basically stuck with reruns and sequels - 5th Indiana Jones movie...seriously?
5th Indiana Jones, yes, seems they jumped the shark on that franchise.
Hollywood tends to run franchise and sequels and reboots into the ground.
I know lots of people say, where are the new ideas in Hollywood, etc.
It seems the only new ideas in Hollywood, have been taking established ideas or storylines, and adding a homosexual or some other aggrieved characters to the story.
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