|Bid||1,789.00 x 100000|
|Ask||1,950.00 x 100000|
|Day's Range||1,790.00 - 1,790.00|
|52 Week Range||1,693.00 - 2,405.00|
|PE Ratio (TTM)||312.17|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Disney made waves earlier last week when it said it will pull its movies off of Netflix and start its own streaming service. It was a big blow to Netflix, where Disney titles account for about 30% of kids’ programming. Barclays analyst Kannan Venkateshwar notes that Disney has a very strong product to offer, given its beloved movie franchises, which are not widely available on cable TV.
Disney chief Bob Iger is set to retire two years from now , but the studio has extended its contracts with some top executives who will lend stability during that transition. The Walt Disney Co. (DIS) has extended its employment agreements with CFO Christine McCarthy and Chief Strategy Officer Kevin Mayer through June 30, 2021, according to regulatory documents filed Thursday. In addition, Chief Human Resources Officer Jayne Parker has a new contract through June 30, 2021.
Shares of Walt Disney (DIS) have dropped more than 8% this month after it announced better-than-expected earnings but reported slowing ad sales. Disney also said it would launch its own streaming service in 2019, one that would require it pulling its content from Netflix (NFLX). Barclays analyst Kannan Venkateshwar and team note that the success of Disney's online service will depend on the kids: In terms of volume, at present Netflix seems to have over 100 Disney titles, which appears to be almost 30% of all the kids content on Netflix (NFLX).