Thu. Dec 1st, 2022
Падение Disney привело к худшему падению акций за 30 лет

The promise of a simple transition to the digital age yields losses.

The shares of Walt Disney Co. are currently selling for less than $10 a share after experiencing their worst one-day decline in 21 years.

An entertaining Hollywood streaming narrative quickly evolved into a horror production.

Disney’s one-day loss is the biggest since September 2001.

Investor Porter Bibb noted that “the media and entertainment business is going through significant transformations.”

Due to rising programming costs and the expense of expanding the service to new nations, losses at Disney’s consumer-facing segment, which are mostly driven by Disney+’s streaming service, more than doubled to $1.47 billion in the company’s fiscal fourth quarter.

The company’s bottom line suffered, much like that of other major media companies, from weak cable TV advertising revenues.

Since trading resumed on September 17, 2001, following the September 11 terrorist attacks, Disney’s final-day loss of 13% is the largest one-day loss.

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