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Stock impact report

MarketWatch First Take: With Fox merger and ESPN streaming effort, Disney has a confusing mess to sort out [MarketWatch]

Walt Disney Company (The) (DIS) 
Last walt disney company (the) earnings: 2/4 04:05 pm Check Earnings Report
Company Research Source: MarketWatch
With Fox merger and ESPN streaming effort, Disney has a confusing mess to sort out The Walt Disney Co. is trying to rebuild its business for the future on the fly, and the renovation is going to take a lot of work. In fiscal first-quarter earnings released Tuesday, Disney DIS, +1.40% outlined all the efforts it is making to change for the future of media, namely acquiring more than $50 billion in assets from Fox that will include movies, television series and live-sports contracts and building out new streaming services to augment its struggling TV networks. Investors seemed to like the numbers Disney put out, which beat on earnings while coming up slightly short on revenue, as shares gained more than 2% in late trading. That is a rarity of late for Disney stock, which has declined 3.1% in the past year as the Dow Jones Industrial Average DJIA, +2.33% , which counts Disney as a component, has gained 24.1%. Much of that decline has been credited to struggles for Disney’s televisi Show less Read more
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