Ron DeSantis Effect? Disney Pulls Back On Marvel, Star Wars Content: 'Spending Less...Making Less'
Portfolio Pulse from Benzinga Newsbot
Walt Disney Co (NYSE:DIS) is reducing the production of Marvel Studios and Lucasfilm franchises as part of a cost containment initiative. This decision comes after underwhelming box office performances from the company’s recent films. The move is part of a broader reorganization plan that includes a $5.5 billion cost-cutting initiative, with $3 billion being cut from content excluding sports. The company aims to bolster its flagship streaming service, Disney+, and attract more customers.
July 14, 2023 | 3:04 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Disney's decision to reduce the production of Marvel and Star Wars content could impact its revenues in the short term. However, the move is part of a broader cost-cutting initiative which could improve the company's financial health in the long run.
Disney's decision to cut back on the production of popular franchises like Marvel and Star Wars could lead to a decrease in revenues in the short term. However, this is part of a broader cost-cutting initiative aimed at improving the company's financial health. The impact on the stock price could be neutral in the short term as the potential decrease in revenues could be offset by the potential benefits of cost savings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100