Disney Shares Are Caught in Streaming Reruns

Media corporations are seeing quite a lot of earnings reruns these days and so they’re providing a cautionary lesson.

For occasion, after current disappointing outcomes from Netflix  (NFLX) – Get Netflix, Inc. Report, Disney  (DIS) – Get Walt Disney Company Report shares fell sharply in sympathy since video streaming has grow to be an enormous a part of its enterprise.

“Since unveiling streaming in 2019, Disney has pursued the Netflix strategy and investors expected the stock would gain the associated market premium that Netflix has enjoyed,” Real Money Columnist Brad Ginesin wrote. “Instead, in the wake of Netflix’s disappointing outlook for subscriber additions, Disney was dragged down … on guilt by association.”

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