“2019 is likely a transformational year for Disney. Stepping back from the complexity, it will exit the year in a different place than it begins. Significant investments in content, theme parks, and M&A weigh on near-term earnings, but should set up the business for long-term growth,” Morgan Stanley analyst Benjamin Swinburne wrote Thursday.
Walt Disney Co
Disney is trying to find a buyer for Fox’s 22 regional sports networks, which it acquired as part of the deal
As Walt Disney DIS -2.48% prepares to close on its acquisition of 21st Century Fox FOX -0.95% assets, the last act in the deal making drama is under way. This time Disney will be the seller, but getting a good price will be tricky.
Walt Disney Co and Twenty-First Century Fox Inc were sued for more than $1 billion on Monday by casino operator Genting Malaysia Bhd
The lawsuit was filed in the U.S. District Court in Los Angeles as Disney prepares to complete its $71.3 billion purchase of many Fox assets, expected in the first quarter of 2019.
Disney is trying to transform itself into a broad-based digital entertainment company as ESPN and its networks lose viewers to Netflix Inc, Alphabet Inc’s YouTube and other streaming options. It is on the verge of gaining new film and television properties in a $71.3 billion purchase of assets from Twenty-First Century Fox Inc.
Disney nears the close of its deal to buy key assets from 21st Century Fox Inc. (FOXA) and gears up to release its own direct-to-consumer streaming platform
StockMarketNews.Today – Shares of Disney have outperformed the broader market this year, up 10.2% year-to-date (YTD) compared to the S&P 500’s 4.2% return. Barclays analyst Kannan Venkateshwar forecasts the stock to jump another 9.7% over 12 months from Friday morning at $118.50, lifting his price target on Disney shares from $105 to $130 in a note to clients on Friday.