The Biggest Mistake Investors Are Making With Disney Stock Right Now
Investors used to be excited when Walt Disney (NYSE: DIS) released a new movie. The period from 2012 to 2019 featured a flurry of blockbusters and was one of the most dominant runs in the history of entertainment.
Today, investors are crossing their fingers that a new movie doesn't flop. In its fiscal third-quarter 2023 presentation, for the period ended July 1, Disney outlined upcoming theatrical releases and new features on Disney+. Simply put, there aren't a lot of upcoming showstoppers like in years past, which could mean a prolonged period of disappointing box office numbers.
But Disney isn't your typical streaming company or production company. Rather, it is a media titan that derives value from a single film in ways that often transcend the box office and are difficult to measure. Here's a look at why it's a big mistake to judge the performance of a Disney movie solely on the box office numbers.
Source Fool.com
