Everyone has heard of Walt Disney. It’s an international family entertainment and media giant that owns businesses ranging from the ABC television network to Disneyland. Its subsidiaries include Walt Disney Studies, Pixar Animation, LucasFilm Ltd. (the Star Wars franchise), Marvel, Touchstone Pictures, the Disney Store, and much more. The company is headquartered in Burbank, California.
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Income Investor
Disney’s theme parks and cruise lines are booming and its answer to the decline of cable TV has been the Disney+ streaming service launched in 2019 just before the pandemic. After spending billions to launch the service and invest in content, Disney+ is now profitable. Disney is launching a full sports streaming service via ESPN in the fall of 2025 that offers more momentum. Disney made a big bet on a digital future which is now paying off. Its intellectual property is unrivalled and when coupled with its theme parks and resorts offers an attractive package. Conservative investors who want a blend of capital appreciation and rising dividends should buy. - Adam Mayers
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DIS was first recommended here on May 25, 2020