
I'm not sure DIS streaming product is worth a big price increase.
Disney earnings preview: Muted parks growth, streaming hurdles expected to weigh on results
Outside of the NBA, the company will debut a new sports streaming platform with Fox (FOXA) and Warner Bros. Discovery (WBD) sometime this fall at a price point of $42.99 a month. It's also working on a separate sports streaming platform for ESPN,set to debut in fall 2025.
In a note to clients last month, KeyBanc analyst Brandon Nispel said attendance at Disney's theme parks was only up one out of 30 days year over year in June, citing internal domestic geolocation data.
Bloomberg Intelligence analyst Geetha Ranganathan agreed the demand outlook will likely weigh on results but that any weakness should be "temporary given a $60 billion investment commitment as well as the launch of new cruises in fiscal 2025-2026 which will double capacity."
In one bright spot, Disney's theatrical power seems to be back on track with strong showings from films like"Inside Out 2"and the more recent"Deadpool & Wolverine."It's also on pace to lead the box office in the back half of this year with the upcoming releases of "Moana 2" and "Mufasa: The Lion King."