KeyBanc analyst Brandon Nispel recommends buying The Walt Disney Co. While he expects fiscal 2022 to be an investment year, investments reaffirm the company’s long-term momentum. The analyst also expects total revenue to grow at a 15 percent CAGR and Segment OI to grow at a 36 percent CAGR over the next three years, the fastest in…
Morgan Stanley Sees Disney Suffer From Confidence Crisis; Cuts Price Target by 12%
Two analysts lowered price targets on The Walt Disney Co. but maintained the rating. Morgan Stanley analyst Benjamin Swinburne lowered the price target to $185 from $210 (23 percent upside) and kept an Overweight. Swinburne raised his expectations for streaming investment levels and reduced the earnings outlook at linear networks as costs return and at…
Netflix Slashes India Prices in Battle With Disney, Amazon
December 14, 2021
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MUMBAI—Netflix slashed on Tuesday the prices of its streaming services in India, for the first time since launching five years ago in the South Asian nation, as it moves to better compete with fierce rivals Disney and Amazon. The streaming giant cut prices by 60 percent, to 199 rupees ($2.62) a month, for its basic…
Sirius Ropes in Disney Streaming Veteran to Compete With Spotify
Satellite radio broadcaster Sirius XM Holdings Inc. roped in the top architect of The Walt Disney Co. streaming service to help it broaden its appeal to audiences outside the car, the Wall Street Journal reports. Joe Inzerillo, who, as EVP and CTO of Walt Disney’s streaming unit, played a vital role in the creation and…
Disney’s ESPN Forges Landmark Deal With Global Polo Entertainment
Global Polo Entertainment disclosed a landmark deal with The Walt Disney Co.’s ESPN. The financial terms of the deal remain undisclosed. This multi-faceted agreement will bring the finals of the top seven U.S. and World Championship polo events in 2022 to ESPN. All games will be distributed on ESPN2, ESPNU, or streamed live on ESPN3….
Disneyland Seeks Approval for Theme Park Renovations
ANAHEIM, Calif.—Disney is seeking Anaheim’s approval for proposed Disneyland Resort renovations that include new attractions, restaurants, and shops. The Disneylandforward Project vision for the theme park desires to transform current attractions. While the project is at the beginning stages of planning, city approval is necessary before moving toward the next step. The project proposal was…
Disney ‘Aggressively Pursuing’ Gambling in the Clubhouse
News Analysis Disney is in the midst of an identity-crises that could shape the future of the company and the worldwide media landscape for decades to come. Bob Chapek, the CEO of Walt Disney Co., recently announced that it is “aggressively” looking to enter the sports gambling business. In the company’s fourth quarter earnings call…
Is Walt Disney’s Stock Overvalued or Undervalued?
Walt Disney Co. shares have lagged the S&P 500 in 2021, generating a year-to-date loss of 18.5 percent. Disney stock has had a wild ride in recent years, but investors may be wondering whether there is any value in Disney shares after the recent pullback. Earnings A price-to-earnings ratio (PE) is one of the most…
Hong Kong Disney+ Omits ‘Simpsons’ Tiananmen Square Episode
November 30, 2021
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An episode of “The Simpsons” that criticizes Chinese Communist Party (CCP) censorship appears to have been removed from Disney’s newly launched streaming channel in Hong Kong. Disney+, which rolled out in Hong Kong this month, features all episodes of the show apart from season 16, episode 12, which was first broadcast in 2005 and makes…
Disneyland Sells Out of Believe Key Annual Pass
Disneyland sold out of another Magic Key annual pass tier on Nov. 24 as reservation slots are quickly filling up for pass holders amid the busy holiday season. The Believe Key annual pass is the second most expensive pass, providing availability to make reservations for the theme park nearly every day of the year for…
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