Disney’s $218 Billion Rout Not Enough For Dip Buyers
- Disney facing impact of losses, dispute, Hollywood strikes
- Investors await answers about dividend, Charter and ESPN
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Not even the cheapest valuation since the Covid-19 pandemic is tempting investors to buy Walt Disney Co. shares.
Losses in its online video businesses and a drop in subscribers to its Disney+ streaming service are just some of the issues it faces. Then there’s the impact of the Hollywood actors and writers strike and a fee dispute with the second-largest US cable company, which has seen Disney yank its channels including ESPN from the service, cutting access for millions of viewers.