Over At Disney, Investors Aren't So Charmed

Just as Steven Spielberg's Dreamworks SKG may be starting to live up to its early hype, that other media giant is starting to show signs of age. If Walt Disney (DIS) ever had a direct competitor, it would be Dreamworks, which will be producing animated films, live-action features, television programming, and running entertainment complexes. But Disney isn't showing the kind of gumption it used to in the face of the enemy. In fact, it seems to be in retreat on all fronts.

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