Disney CEO Flags Stock Frustration, Bets on IP, Scale and Fans as Shares Rise 1%
Updated
Updated · Yahoo Finance · Aug 14
Disney CEO Flags Stock Frustration, Bets on IP, Scale and Fans as Shares Rise 1%
3 articles · Updated · Yahoo Finance · Aug 14
Summary
Josh D'Amaro said Disney investors are "not happy" with the stock price, but argued the company is entering its next phase from a position of strength nearly six months into his CEO tenure.
Disney's edge, he said, is an "exceptionally powerful" combination of deep intellectual property, broad scale and strong fan connection that rivals are trying to replicate through acquisitions.
That strategy hinges on tying Disney's franchises and characters more tightly across streaming, theme parks, ESPN and films under what D'Amaro called a unified "one Disney" approach.
Disney shares rose more than 1% Friday morning as D'Amaro said the next chapter will depend on execution—growing streaming, lifting margins, investing in experiences and pushing ESPN further direct-to-consumer.