"Earlier in December, the company announced a $1 billion licensing agreement with OpenAI that will allow the tech company to use the likeness of approximately 200 characters that fall under Disney's intellectual property. OpenAI will allow users of its Sora platform to use the characters to produce short-form content that Disney may make available via its streaming Disney+ service."
"For the past century, the Disney has been an entertainment pioneer in international branding, animation, films, television, merchandising, and theme parks. Although the media empire holds some of the most cherished brands, and its film studios were responsible for producing the top three movies at the box office in 2024, the stock is hasn't been kind to investors lately. Over the past five years, shares are down 21.77%."
"Disney announced in January that it will be merging its Hulu + Live TV service with its competitor, Kubo. Disney will own 70% of the new company, which will continue to operate under the Fubo brand. Fubo CEO David Grandler and his management team will continue to lead the company. If Disney and its CEO Bob Iger can continue to grow new and existing business lines, shareholders should take comfort with the company"
Disney shares gained 4.54% over the past month and are up 35.21% since their YTD low, with a year-to-date loss of 0.30% and a quarterly dividend yielding 1.13%. The company signed a $1 billion licensing deal with OpenAI permitting use of about 200 character likenesses on the Sora platform for short-form content that Disney may place on Disney+. Q4 results showed EPS of $1.11 versus $1.05 expected, while revenue missed at $22.46 billion versus $22.75 billion expected. Disney is expanding theme parks with a new Abu Dhabi location and will merge Hulu + Live TV with Kubo, owning 70% of the combined Fubo-branded service.
Read at 24/7 Wall St.
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