Disney Has Been Dead Money for a Decade. 3 Reasons That Could Finally Change

It's hard to find a company with more evident competitive advantages yet has performed worse on the stock market over the last decade than Walt Disney (NYSE: DIS).The entertainment giant has been a household name for nearly a century, and it's been a leader in family entertainment ever since the release of Snow White, its first animated feature film in 1937. Today, its empire spans ESPN, the properties it gained from the Fox acquisition including Hulu and Hotstar in India, six theme parks around the world that have defined the category, a cruise and vacation business, a large consumer products business that licenses its intellectual property for toys, clothes, and other products, and of course, its core TV and movie business, including ABC, Disney+ and other streaming platforms.Despite that evident strength, the stock has floundered over the last decade due to the broader upheaval in the video entertainment industry. The transition to streaming has crushed the traditional linear media ecosystem dependent on box office revenue and cable subscriber and advertising fees. Operating income started slipping in 2019 and collapsed during the pandemic, and it has still not recovered to its pre-pandemic peak.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool