Today's video focuses on recent news affecting Disney (DIS -1.04%) and comments made by its CEO Bob Chapek during a virtual question-and-answer session on Sept. 30. Here are some highlights from the video.
- Disney has been affected both negatively and positively by COVID-19 lockdown restrictions. Disney's parks, cruises, and other live experiences have seen a downturn in revenue compared to their peak before the pandemic. At the same time, Disney has seen tremendous growth in its livestreaming service, Disney+.
- During the Q&A session, Chapek mentioned that the delta variant has caused production delays, impacting movies and TV show release dates. Investors might be worried that the slowdown in original content from Disney+ could cause consumers to unsubscribe or deter new subscribers from joining the platform.
- On the bright side, Disney could have a strong future. With lockdowns easing in the U.S., it can generate more vital revenue from theme parks, cruises, and other live experiences than last year. Disney's goal for Disney+ is to have 230 million to 260 million subscribers on the platform by 2024, with the most recent earnings showing roughly 116 million.
Click the video below for my full thoughts and analysis.
*Stock prices used were the closing prices of Sept. 21, 2021. The video was published on Sept. 21, 2021.