Disney is the DJIA’s worst performer today with shares down over 8% after reporting fiscal second quarter earnings that were mixed and a bit messy as the company and industry reset. Wall Stre…
— an expensive proposition. “As the Hulu negotiations with Comcast are still looming, we believe it would be unwise for Disney to start talking up 2025 streaming profitability ahead of that closure. As a result, any commentary about cost savings and revenue synergies that would arise from uniting Hulu and
globally will have to wait until this tug of war is resolved,” MoffettNathanson said. The Disney and Comcast put/call contract for Hulu expires in 2024.“cordial and constructive.”Also looming: It’s impossible to forget that Iger returned to Disney in November with a two-year contract. Succession didn’t go so well last time and the CEO has promised it’s a top priority of his and of the board, as it should be.
Meanwhile, Iger’s priorities, according to BofA’s Jessica Reif Erlich, are focused on rationalizing content spend to improve ROI , raising prices of ad-free Disney+ and launching it internationally, and making Hulu available within Disney+ streaming by year-end in a new app. She’s on board, with has a “buy” on Disney and a $135 price target.
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