What's Going On With Disney Stock Today?
Portfolio Pulse from Adam Eckert
Disney is reportedly exploring strategic alternatives for its Star India business, including a potential sale. The Disney+ Hotstar streaming platform is projected to lose between 8 million and 10 million subscribers in its fiscal third quarter and revenue is expected to fall approximately 20% to less than $2 billion. This comes after Disney lost a bidding war for the rights to stream Indian Premier League cricket matches last year.
July 12, 2023 | 12:36 pm
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NEGATIVE IMPACT
Disney's exploration of strategic alternatives for Star India and the projected loss of subscribers and revenue for Disney+ Hotstar could negatively impact the company's stock in the short term.
The potential sale of Star India and the projected loss of subscribers and revenue for Disney+ Hotstar indicate a potential decrease in Disney's revenue and market presence in India. This could negatively impact investor sentiment and lead to a decrease in Disney's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100