WDW Pro
patreon
Disney's Stock Continues Its Drop
🕑 Added 2024-04-08 14:27:32 +0000 UTCIn the aftermath of the first proxy war when Nelson Peltz voluntarily exited, Disney stock plunged from $123 per share to $79. It was not a long span of time. Now, we're beginning to see a similar pattern. At the opening bell of the first full week for Disney after its shareholder meeting, the stock is again dropping.
Perhaps one of the concerns shareholders are now going to have to contend with is that an the spaghetti thrown on the wall to stop Peltz must be cleaned up. Getting Disney+ to profitability is going to cost them destroying Hulu. That's not a great thing. Major park announcements are already turning out to be more blue sky than reality... and even those are six-to-ten years away from completion. Even the brightest and best in the industry can't grasp the strategy behind multiple ESPN streaming services competing against each other.
But all of those announcements succeeded in stopping Peltz one more time.
As we watch the stock continue to tumble, one must wonder if all Iger achieved was delaying an even bigger Trian takeover down the road. At some point, Disney's business model can't be based on dreams and vaporware. 2024 could be very painful... and especially at the box office.
Your pal,
Pro
Comments
IsThisLive
What does everyone think it will drop to this time?
Bebop
I do not see Disney+ ever being profitable as mentioned before they should shut it down and sell lic. agreements to outfits like Netflix it makes the most sense to do but the egos will not allow it. Sometimes you have to cut your losses and move on.
