![]() ![]() ![]() But Disney has been hit particularly hard by some big misses at the box office and questions about how it will replace its fading cash cow, ESPN, among other issues. Like its competitors, Disney faces an uncertain media environment as viewers increasingly tune out linear TV in favor of entertainment sources Big Media doesn’t control, including TikTok and YouTube. Compare that to some of Disney’s rivals: Comcast’s stock is up more than 18% this year, and Warner Bros. It is down 8% since CEO Bob Iger returned as CEO last November, and it’s down 3% since the start of the year. Ron DeSantis, and uncertainty surrounding a CEO succession plan.ĭisney’s stock, at about $84 per share, is at its lowest level in nearly ten years. Over the last century, the company has grown into one of the largest publicly traded media and entertainment companies in the world, with a market cap of more than $150 billion.īut the future of the House of Mouse hangs in the balance as the company contends with a still-unprofitable streaming business, an ongoing actors strike, declining attendance at Disney World Resort in central Florida, legal battles with Republican presidential candidate Florida Gov. Last month, the company celebrated its 100th anniversary – and there was much to commemorate. The magic has been missing this year for Disney.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |