We came across a bearish thesis on The Walt Disney Company on Accrued Interest’s Substack by Simeon McMillan. In this article, we will summarize the bears’ thesis on DIS. The Walt Disney Company's share was trading at $109.56 as of January 28th. DIS’s trailing and forward P/E were 16.15 and 16.81 respectively according to Yahoo Finance. The Walt Disney Company operates as an entertainment company in Americas, Europe, and the Asia Pacific. DIS is positioned to underperform the S&P 500 in 2026, primarily d ...

The Washington Post is cutting one-third of its staff, slashing hundreds of jobs in nearly all news departments, including the sports, foreign, technology and breaking-news teams, as well as business and technology staff. https://t.co/wWYpro8BwF ...

Why is Netflix the preferred partner for this deal. The Netflix transaction is the result of a very extensive process that this board really undertook in 2022 after we acquired WarnerMedia to get the value out of those assets, to deliver the company, to make the operations more effective and robust, and then looked at separating the businesses. And then it turned out not only did we have the possibility to separate the two businesses, but also a lot of people were interested in buying one or the other or bo ...

🚨JUST IN: WASHINGTON POST LAYS OFF OVER 30% OF STAFF FROM ALL DEPARTMENTSThe Post will restructure its local news department and editing staff, close its books department, and shrink the number of journalists it stations overseasthe media outlet will also close its sports department in its "current form" ...

Key Takeaways FOXA posted fiscal Q2 adjusted EPS of 82 cents, beating estimates, while revenues climbed 2% Y/Y to $5.18B.FOXA's distribution revenues rose 4% Y/Y, driven mainly by growth in Cable Network Programming fees.FOXA saw adjusted EBITDA fall 11.4% as expenses rose and the Television segment's profitability weakened.Fox Corporation (FOXA) reported second-quarter fiscal 2026 adjusted earnings of 82 cents per share, which beat the Zacks Consensus Estimate by 74.47%. The figure decreased 14.6% year ove ...

Group 1: Disney - Disney has appointed Josh D'Amaro as the new CEO, effective March 18, succeeding Bob Iger. D'Amaro has nearly three decades of experience at Disney and previously chaired the experiences division, which recently achieved $10 billion in quarterly revenue for the first time [2][5] - Disney's stock has declined over 40% in the past five years, contrasting with the S&P 500's increase of over 80% during the same period [5] Group 2: Chipotle - Chipotle's shares fell more than 5% after reporting a decline in traffic for the fourth consecutive quarter, with same-store sales down 1.7% in 2025, marking its first annual drop since 2016. The company anticipates flat same-store sales in 2026 [3][4] - Over the last 12 months, Chipotle's shares have decreased nearly 33%, prompting the company to introduce "protein cups" and slow down price increases to attract customers [4] Group 3: Novo Nordisk - Novo Nordisk expects a decline in sales and profit growth this year, leading to a drop of over 14% in U.S.-listed shares, marking the worst day in about six months. The forecast is impacted by a deal with the Trump administration to cut prices and loss of exclusivity for its drugs [10][11] - CEO Mike Doustdar indicated that the company's situation may worsen before it improves, contributing to the negative outlook [11] Group 4: Eli Lilly - Eli Lilly's shares rose more than 8% in premarket trading after exceeding analyst expectations in the fourth quarter. The company also provided a stronger-than-anticipated full-year revenue outlook, driven by high demand for its drugs Zepbound and Mounjaro [12]

Core Insights - Disney's studios are responsible for 37 out of 60 films that have grossed at least $1 billion, representing over 60% of all billion-dollar films [1] - The film "Zootopia 2" has grossed $1.7 billion, making it the highest-grossing animated film of all time, contributing to Disney's cumulative box office sales of $6.5 billion in 2025, its third-best year [2] - Disney has a strong film lineup for 2026, including "Toy Story 5" and "Avengers: Doomsday," indicating continued box office success [3] Film and Streaming Impact - Recent blockbusters like "Zootopia 2" and "Avatar" are not yet available on Disney+, but they are still driving viewership and engagement [4] - Older films in these franchises are contributing to increased streaming hours, with streaming revenue rising by 11% year over year in the first quarter [5] - The success of "Zootopia 2" is also benefiting Disney's parks, with attractions like Zootopia Land in Shanghai drawing significant visitor interest [6] Business Strategy - Disney effectively leverages its successful film franchises across multiple revenue streams, including streaming, consumer products, and theme park experiences, outperforming other media companies in this regard [7] - Despite a solid earnings report, Disney's stock saw a decline, presenting a potential buying opportunity for investors amid ongoing transitions in the media landscape [8]

Core Viewpoint - The Walt Disney Company has appointed Josh D'Amaro as the new CEO, succeeding Bob Iger, with expectations for improved stock performance and strategic growth initiatives [1][4]. Leadership Transition - Josh D'Amaro, a long-time Disney executive, will take over as CEO on March 18, 2023, following Bob Iger's leadership [1][2]. - Iger previously appointed Bob Chapek as CEO, whose tenure was marked by challenges, leading to his dismissal [2]. Company Performance - Disney's stock has faced declines year-to-date, over the past year, and over the past five years, despite significant adjustments made since Iger's return in 2022 [6]. - The company reported a 5% year-over-year revenue increase in its first-quarter 2026 earnings, but operating income and earnings per share decreased [7]. Growth Strategy - D'Amaro is expected to focus on expanding the parks and experiences division, which has seen record revenue of $10 billion and 8% growth [7][8]. - There are plans for further investments in content and streaming, with potential divestitures of traditional television assets like ABC [8]. Future Prospects - The company may pursue acquisitions to build momentum, with speculation about acquiring Epic Games [9]. - D'Amaro's leadership is anticipated to foster a drama-free environment focused on brand expansion and maintaining customer loyalty [9].

AI应用端震荡下跌，引力传媒触及跌停，天地在线、值得买、因赛集团、易点天下、省广集团跌幅居 前。 ...

Core Viewpoint - The transition of leadership at Disney, with Josh D'Amaro taking charge, highlights the increasing importance of the parks division, which has become the main profit driver for the company, contributing approximately 60% of profits compared to 30-35% a few years ago [4][21]. Group 1: Leadership Transition - Josh D'Amaro's appointment as CEO is seen as a strategic move to emphasize the parks business, which is critical for Disney's future profitability [5][21]. - Bob Iger's decision to step down earlier than expected signals a desire for a clean transition, allowing D'Amaro to establish his own strategy without lingering influence [7][25]. - Dana Walden's new role as Chief Creative Officer is significant, as she brings valuable connections to Hollywood, although her lack of parks experience is noted [8][22]. Group 2: Business Performance and Strategy - The parks division is expected to drive growth, with a $60 billion capital expenditure investment planned, and new cruise capacity anticipated to contribute 40% of growth by fiscal 2026 [12][13]. - Despite recent volatility in attendance and macroeconomic challenges, the long-term outlook for Disney remains positive due to its diversified portfolio and ongoing international expansions, such as the opening of the World of Frozen in Disneyland Paris [16][17]. - The company is navigating the transition from traditional pay television to streaming, with a focus on improving profitability in the streaming segment, which is crucial for future growth [31][33]. Group 3: Market Position and Valuation - Disney's stock performance has been stagnant over the past decade, primarily due to the decline of traditional media, but the company is now positioned for potential revaluation as it shifts focus to growth-oriented segments [29][34]. - The parks and experiences segment is viewed as a stable profit generator, while the entertainment side is seen as shrinking, necessitating a strong performance in experiences for overall success [21][22]. - The company is expected to face short-term headwinds, such as dips in domestic tourism, but the long-term growth potential remains robust [34].