Disney CFO Predicts Flat Attendance At Parks For Next Few Quarters; CEO Iger Says Company Is Developing Stronger Streaming Recommendations And Investing In Content Across All Directions For Value Creation
Portfolio Pulse from Benzinga Newsdesk
Disney's CFO predicts flat attendance at parks for the next few quarters, while CEO Iger highlights the company's focus on developing stronger streaming recommendations and investing in content for value creation.
August 07, 2024 | 12:46 pm
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Disney's CFO predicts flat attendance at parks for the next few quarters, which may impact short-term revenue from park operations. However, CEO Iger's focus on stronger streaming recommendations and content investment could drive long-term value creation.
Flat park attendance could negatively impact short-term revenue, but the company's investment in streaming and content could offset this by driving long-term growth. The overall impact on the stock price is likely neutral in the short term.
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