Disney Plans More Layoffs in TV Unit, Focuses on Streaming Investments: Report
Portfolio Pulse from Anusuya Lahiri
Disney plans to cut 140 jobs in its TV division, focusing on streaming investments. NatGeo and Freeform will see significant staff reductions. Disney's entertainment TV networks contributed 12% of total revenue last quarter. Meanwhile, Disney's 'Deadpool & Wolverine' movie set a record for an R-rated film. Amazon Prime Video and Netflix dominate the U.S. SVOD market.
August 01, 2024 | 12:57 pm
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NEGATIVE IMPACT
Disney is cutting 140 jobs in its TV division, focusing on streaming investments. NatGeo and Freeform will see significant staff reductions. The entertainment TV networks contributed 12% of total revenue last quarter.
The job cuts in Disney's TV division indicate a shift in focus towards streaming, which may negatively impact short-term stock prices due to the reduction in traditional TV programming. However, the long-term focus on streaming could be beneficial.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Investors can gain exposure to Disney through iShares S&P 500 Value ETF (IVE).
The mention of IVE as a way to gain exposure to Disney is neutral in terms of short-term impact, as it is more of an informational note for investors.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30
NEUTRAL IMPACT
Investors can gain exposure to Disney through iShares Russell 1000 Value ETF (IWD).
The mention of IWD as a way to gain exposure to Disney is neutral in terms of short-term impact, as it is more of an informational note for investors.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30
POSITIVE IMPACT
Amazon Prime Video, along with Netflix, dominates the U.S. SVOD market with a 22% share each in Q2 2024.
Amazon's dominance in the SVOD market is a positive indicator for its streaming business, likely boosting investor confidence and short-term stock prices.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Netflix, along with Amazon Prime Video, dominates the U.S. SVOD market with a 22% share each in Q2 2024.
Netflix's strong position in the SVOD market is a positive indicator for its streaming business, likely boosting investor confidence and short-term stock prices.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50