Is Disney Ready to Continue Its Bull Run?
T = Trends for a Stock’s Movement
Disney is a diversified worldwide entertainment company. The company operates in five business segments: media networks, parks and resorts, studio entertainment, consumer products, and interactive. Disney offers entertainment that sends smiles to consumers across a range of countries around the world. Its movies and shows, theme parks, and products have remained a main attraction for many years and will continue well into the future.
Bob Iger, Disney’s chairman and chief executive, says that the studio might create content specifically for Netflix (NASDAQ:NFLX), Amazon (NASDAQ:AMZN), or other similar online-streaming providers in the near future, in what amounts to another signal that the largest studios are increasingly focusing on finding ways to succeed in the new home-entertainment landscape.
Disney ‘s CEO made the comments in a television interview on Fox Business Network Tuesday when asked about the future of Disney’s entertainment content now that platforms such as Netflix and Amazon are becoming increasingly ubiquitous in use. Iger hinted that content created for the specific online platforms could come from a variety of Disney’s most popular assets, including Lucasfilm, Marvel, Pixar, or ESPN.