Bob Iger On ESPN, Streaming, Hollywood Strike: Post Q4 Earnings Comments, Highlights From Conference Call
Portfolio Pulse from Chris Katje
Walt Disney Co (NYSE:DIS) reported Q4 financial results and updates on its Disney+ streaming platform. CEO Bob Iger highlighted the growth of ESPN, with plans to expand the brand through a direct-to-consumer push. Disney is also buying out the stake of streaming platform Hulu from Comcast Corporation (NASDAQ:CMCSA), with a combined Hulu and Disney+ app expected next month. Iger also addressed the ongoing Hollywood Strike, stating the impact was minimal but could become significant if it continues. Disney's shares rose 3.4% in after-hours trading.
November 08, 2023 | 11:06 pm
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POSITIVE IMPACT
Disney's Q4 results and plans for ESPN and Disney+ could drive growth. However, the ongoing Hollywood Strike could pose a risk if it continues.
Disney's Q4 results and growth plans for ESPN and Disney+ are positive news that could drive the stock up. However, the ongoing Hollywood Strike could pose a risk if it continues, potentially impacting future productions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Disney's launch of ESPN Bet, through a licensing agreement with PENN Entertainment, could potentially boost PENN's revenues.
Disney's launch of ESPN Bet, through a licensing agreement with PENN Entertainment, could potentially boost PENN's revenues, driving the stock up.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Disney is buying out Comcast's stake in Hulu, which could impact Comcast's future revenues from the streaming platform.
Disney's buyout of Comcast's stake in Hulu could impact Comcast's future revenues from the streaming platform, potentially driving the stock down.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50