Disney- "Effective With The Fourth Quarter Of Fiscal 2023, The Financial Results Of The Media And Entertainment Businesses Will Be Reported In Two Segments, Entertainment And Sports" - Filing
Portfolio Pulse from Benzinga Newsdesk
Disney announced that it will reorganize its media and entertainment businesses, which were previously reported as one segment. Starting from the fourth quarter of fiscal 2023, the financial results will be reported in two segments, Entertainment and Sports. This move is aimed at restoring creativity and providing increased transparency.
October 18, 2023 | 9:07 pm
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POSITIVE IMPACT
Disney's reorganization of its media and entertainment businesses into two segments could lead to increased transparency and potentially better financial performance.
The reorganization of Disney's media and entertainment businesses into two segments, Entertainment and Sports, could potentially lead to better financial performance due to increased focus and transparency. This could positively impact the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100