Disney Box Office Troubles: Will 2023 Be The First Year Since 2014 To Miss This Major Milestone?
Portfolio Pulse from Chris Katje
The Walt Disney Company (NYSE:DIS) has seen its shares fall in 2023 due to concerns about its box office, streaming platform, and advertising revenue. Despite having several high-grossing films, Disney's movies are underperforming compared to previous years. The company's chances of reaching the $1 billion milestone at the worldwide box office in 2023 appear slim. However, Disney's consumer products business remains successful and helps cushion the blow of movies not doing as well in theaters.
July 06, 2023 | 8:45 pm
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Disney's shares have fallen in 2023 due to concerns about its box office, streaming platform, and advertising revenue. The company's movies are underperforming compared to previous years, and it is unlikely to reach the $1 billion box office milestone in 2023.
The news directly mentions Disney's underperformance in box office, streaming, and advertising revenue, which are significant sources of income for the company. This underperformance is likely to negatively impact the company's stock price in the short term.
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