Walt Disney: ESPN Bet Launch Could Punch Above Its Weight

Summary:

  • Nelson Peltz’s proxy fight with Disney highlights the need for catalysts to boost the company’s stock.
  • The success of ESPN Bet’s launch and retention rate will have a significant impact on Disney’s shares.
  • The $1.5 billion ESPN/PENN Entertainment deal is crucial for Disney’s foray into the sports betting sector.

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Premise: The historical bloom that has adhered to the rise of Walt Disney (NYSE:DIS) shares pre-streaming and theatrical release misses is now fading. The move by Nelson Peltz and associates to fight it out with proxies proves that


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