Disney: Not So Magical Anymore

Summary:

  • Disney had a dismal 2023 and lost its top global box office position to Universal.
  • Projections for 2024 box office sales are not looking good due to Hollywood strikes, pushing out several franchise movies to 2025.
  • Video streaming services are facing pressure as subscribers cancel due to large price hikes.
  • The stock isn’t appealing at 21x forward EPS targets, with so many questions regarding the 17% EPS growth rate required for that P/E multiple.

Magic Book With Open Pages And Abstract Lights Shining In Darkness - Literature And Fairytale Concept

RomoloTavani

After a dismal 2023, Disney (NYSE:DIS) appears to have not learned anything from the failures of the past few years. The media company has made a lot of noise regarding the Board of Directors alignment, but the company


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