Walt Disney Next Big Move Disney is the quintessential media giant. Disney Chair and CEO Bob Iger has taken the company forward with the bold moves of acquiring Pixar Animation Studio, Lucasfilm Ltd., andMarvel. However, the company has also recently opened a theme park in Shanghai, which is likely to adversely impact Walt Disney’s bottom line and hit DIS stock, due to the large costs associated with it.
Analysts have not been happy about the declining number of cable subscribers, along with the rising programming costs at ESPN. And this trend is likely to continue as Walt Disney invests heavily in order to gain market share. This is the prime reason why Disney stock has been going down.
For Disney, Twitter is a new platform for media, sports, and news. Twitter might be a way for the company to not only acquire a more economical platform for content streaming, but also add a potential high revenue stream as well. Twitter’s presence on mobile devices will help further Disney’s mobile growth strategy. Having a mobile product that gives direct access to a dedicated fan base is definitely the way to go for any media company, and Walt Disney is no exception. This is what will determine the growth of DIS stock in future.Click here for reuse options!