One of the biggest changes has been in Disney’s entertainment. Last year, Disney even reorganized part of its businesses to make streaming the primary focus of its entertainment. Disney is also investing LOTS into Disney+. As Disney continues to adapt and evolve, and the situation with the pandemic and its parks develops, we’re left to wonder…is Disney+ the future of for the Walt Disney Company?
From time to time, we get some updates about how some of these changes have impacted the Company financially and what potential new changes might be on the horizon. We’re about to get more of those updates soon with Disney’s upcoming quarterly earnings call. And two days ahead of the call, things are changing with Disney’s stock.
With all of their worldwide theme parks experiencing extended closures, 2020 was a tough year financially for The Walt Disney Company.
The far-reaching impacts of the global pandemic have led some analysts to predict that it could take years for the Disney parks to return to normalcy. Between the uncertainty surrounding the future of the theme parks and key leadership changes, many Wall Street analysts downgraded Disney’s stock rating in 2020.
On December 10th, Disney held its annual Investor Day conference, providing fans and investors alike with HUGE updates on Disney+, direct-to-consumer streaming, and some of Disney’s investment strategies moving forward.
Just a few days before Investor Day, Disney’s stock hit some of the highest trading values it’s had all year, and now, following its Investor Day announcements, Disney’s stock value has soared again!
This year has been filled with challenges, and that’s certainly true for The Walt Disney Company as well.
We’ve seen a massive restructuring in the entertainment aspect of the company; and Disney theme parks around the world temporarily closed, some reopened, and then some closed again. We’ve also seen large layoffs announced for the Parks, Experiences and Products division. But, today, just days ahead of Disney’s Virtual Investor Day, Disney stock is trading at some of the highest values its seen all year.
If you’ve been following the Disney news recently, you may know that Disney stock prices have been on a bit of a rollercoaster ride.
In the past few weeks, Disney stock prices have been surpassed by Netflix only to quickly bounce back with the announcement of Disney+’s success. Now, they’re falling once again as Disney contends with the potentially lengthy projected closure of its theme parks.
So is Disney defunct? Hardly. You probably don’t need to worry about those prices, and we’ll tell ya why. Read on!
It’s been another busy few weeks across the Walt Disney Company. News spanned far and wide throughout the company, from announcements about executive leaders at the very top to the latest in Disney+ content for us to enjoy in the coming weeks.
Let’s debrief on the latest Disney news that you may have missed while you were catching up on spring cleaning!
While concerns over public gatherings led the Disney parks to shut down recently, many fans are hoping to see them reopen as soon as it is safe to do so.
But perhaps, no one’s more eager for the parks to resume their operations than the Walt Disney Company itself because they’re continuing to lose millions of dollars every day they remain empty.
Disney’s worth has been all over the place lately, with stock plummeting and then surging after the company announced it had surpassed 50 Disney+ subscribers.
Last week, Netflix was reported to be worth more than the Walt Disney Company while only days later Disney once again rebounded and regained the lead.
How quickly things can change!
These are crazy times, indeed! Just yesterday, we reported that Netflix had surpassed The Walt Disney Company in value. But, thanks to some recent developments, Disney saw its stock price rebound today.