Disney Stock and Streaming Struggles
Rohan Reddy of Global X ETFs warns against buying Disney stock due to struggles with streaming. Despite financial improvements, the stock still dropped 10%. Disney's traditional TV business is declining, and the company is transitioning to a streaming-focused model.
Key Points
- Disney stock down due to streaming challenges
- Legacy media sector struggling with new business models
- Disney transitioning to streaming services like Netflix
Pros
- Financial improvement in Disney Grooming Syndicate
- Transition to streaming services like Disney+
Cons
- Stock dropped nearly 10% despite financial improvements
- Declining viewership and advertising revenue in traditional TV business