Please ensure Javascript is enabled for purposes of website accessibility
Disney Stock Stabilizes After Hitting Lowest Point Since 2014
News
By News
Published 8 months ago on
August 28, 2023

Share

Disney’s shares experienced a slight rise of 0.6% on Friday, following a slump to a nine-year low the previous day. The entertainment giant’s shares closed Thursday at $82.47, the lowest since October 2014 when the stock stood at $82.68. Disney’s underperformance is evident in comparison to the S&P 500, with a year-to-date decline of about 5% against the S&P’s approximately 15% increase.

Challenges Facing Disney

Disney’s business has faced numerous hurdles lately, including a slowdown in its parks business, a drop in its linear TV division, a decrease in subscribers to its Disney+ streaming service, and poor performance at the box office compared to competitors. These challenges have led to calls from Wall Street for Disney to divest unprofitable or non-essential assets.

Potential Amazon Collaboration

According to a report from The Information, Disney is in early discussions with Amazon (AMZN) to transition ESPN to a direct-to-consumer streaming platform. If successful, Amazon could provide ESPN through one of its streaming services, potentially boosting its distribution. Amazon could also acquire a minority stake in ESPN.

The proposed cost for the ESPN streaming service is reported to be between $20 and $35 per month, making it one of the most expensive platforms in the market. However, analysts warn that transitioning ESPN fully to streaming could be challenging due to high sports rights costs and consumer reluctance to pay for an additional streaming service.

Read more at Yahoo Finance.

RELATED TOPICS:

DON'T MISS

Oprah Winfrey and Dwayne Johnson Pledged $10M for Maui Wildfire Survivors. They Gave Much More.

DON'T MISS

Did Fresno Unified’s Biggest Contractor Not Pay Its Workers? Company Still Gets Millions After Civil Penalty

DON'T MISS

Biden Marks Earth Day by Going After GOP, Announcing $7 Billion in Federal Solar Power Grants

DON'T MISS

Fresno Unified Says It Has No Superintendent Succession Plan Despite HR Leader’s Claim

DON'T MISS

Work Starts on Bullet Train Line From Las Vegas to LA

DON'T MISS

Trustees to Vote on New Fresno High Gym, Bullard Security Fence. Who Were the Low Bidders?

DON'T MISS

Will CA Lawmakers Crack Down on Spending by Utility Companies?

DON'T MISS

Supreme Court Will Take Up the Legal Fight Over Ghost Guns, Firearms Without Serial Numbers

DON'T MISS

Express Files for Chapter 11 Bankruptcy Protection, Announces Store Closures

DON'T MISS

Will There Be a Third Measure E? What Richard Spencer Says.

UP NEXT

Express Files for Chapter 11 Bankruptcy Protection, Announces Store Closures

UP NEXT

Real Estate Experts Talk Fresno’s Economic Future. Are Tough Times Ahead?

UP NEXT

Wired Wednesday: How High Will the Price of Gold & Silver Go?

UP NEXT

Who Owns Businesses in California? A Lawmaker Wants the Public to Know

UP NEXT

Did City Council Finally Give New NW Fresno Costco a Green Light?

UP NEXT

BTC Scammy Scams, Impact of Blockchain on Global Markets: Crypto The WonderDog Show

UP NEXT

Barbara Corcoran: 1% Interest Rate Drop Will Send Housing Prices ‘Through the Roof’

UP NEXT

Biden Pledges to Block Japanese Takeover of US Steel and Promises Tariffs on Chinese Steel

UP NEXT

Southern California City Council Gives Key Approval for Disneyland Expansion Plan

UP NEXT

Tesla Wants Shareholders to Reinstate CEO Elon Musk’s $56 Billion Pay Package

Fresno Unified Says It Has No Superintendent Succession Plan Despite HR Leader’s Claim

12 hours ago

Work Starts on Bullet Train Line From Las Vegas to LA

13 hours ago

Trustees to Vote on New Fresno High Gym, Bullard Security Fence. Who Were the Low Bidders?

Local Education /

14 hours ago

Will CA Lawmakers Crack Down on Spending by Utility Companies?

14 hours ago

Supreme Court Will Take Up the Legal Fight Over Ghost Guns, Firearms Without Serial Numbers

14 hours ago

Express Files for Chapter 11 Bankruptcy Protection, Announces Store Closures

15 hours ago

Will There Be a Third Measure E? What Richard Spencer Says.

15 hours ago

Melvin and Matzah: Giants Manager Recalls Childhood Passover

16 hours ago

Los Angeles Mayor Karen Bass Safe After Suspect Breaks Into Official Residence, Police Say

16 hours ago

Newsom Wants to Make It Easier for Arizona Women to Get a California Abortion

16 hours ago

Oprah Winfrey and Dwayne Johnson Pledged $10M for Maui Wildfire Survivors. They Gave Much More.

Lana Vierra misses the swing set at her Lahaina home, which was reduced to ashes in the wildfires that swept through her community last summ...

11 hours ago

11 hours ago

Oprah Winfrey and Dwayne Johnson Pledged $10M for Maui Wildfire Survivors. They Gave Much More.

11 hours ago

Did Fresno Unified’s Biggest Contractor Not Pay Its Workers? Company Still Gets Millions After Civil Penalty

12 hours ago

Biden Marks Earth Day by Going After GOP, Announcing $7 Billion in Federal Solar Power Grants

12 hours ago

Fresno Unified Says It Has No Superintendent Succession Plan Despite HR Leader’s Claim

13 hours ago

Work Starts on Bullet Train Line From Las Vegas to LA

Local Education /
14 hours ago

Trustees to Vote on New Fresno High Gym, Bullard Security Fence. Who Were the Low Bidders?

14 hours ago

Will CA Lawmakers Crack Down on Spending by Utility Companies?

14 hours ago

Supreme Court Will Take Up the Legal Fight Over Ghost Guns, Firearms Without Serial Numbers

MENU

CONNECT WITH US

Search

Send this to a friend