Disney Delays More Films: Could Shareholders Suffer More Declines During Hollywood Strike?
Portfolio Pulse from Chris Katje
Walt Disney Co (NYSE:DIS) has announced further delays to its movie releases due to the ongoing Hollywood Strike, which could put more pressure on the company's other business lines. The company's shares have fallen significantly in the last year and are trading at decade lows. The delays include the live-action 'Snow White' movie and 'Elio', a film from Pixar studio. The company also removed 'Magazine Dreams' from the calendar due to the film's star's legal troubles. Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA) also announced a delay for the next 'Mission: Impossible' movie. The delays could impact movie theater companies like Cinemark Holdings, Inc. (NYSE:CNK) and AMC Entertainment Holdings (NYSE:AMC).
October 27, 2023 | 8:32 pm
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AMC Entertainment Holdings could also be impacted by the movie delays, potentially leading to lower revenues and a decrease in share price.
The delays in movie releases could lead to fewer blockbuster films being available, which could result in lower revenues for movie theater companies like AMC Entertainment Holdings and potentially decrease their share price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
The movie delays could impact movie theater companies like Cinemark Holdings, potentially leading to lower revenues and a decrease in share price.
The delays in movie releases could lead to fewer blockbuster films being available, which could result in lower revenues for movie theater companies like Cinemark Holdings and potentially decrease their share price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Disney's announcement of further movie delays could put more pressure on its shares, which are already trading at decade lows.
The ongoing Hollywood Strike is causing significant disruptions to Disney's movie release schedule, which could negatively impact the company's revenues and put further pressure on its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Paramount Global also announced a delay for the next 'Mission: Impossible' movie, which could impact its revenues and share price.
The delay in the release of the next 'Mission: Impossible' movie could lead to a decrease in expected revenues for Paramount Global, which could negatively impact its share price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50