The Walt Disney Company (DIS) is a multinational entertainment and media conglomerate known for its iconic brands such as Disney, Pixar, Marvel, Star Wars, and National Geographic. The company operates in various segments, including Media Networks, Parks, Experiences and Products, Studio Entertainment, and Direct-to-Consumer & International.
For Disney, the entertainment industry as a whole has been significantly impacted by the coronavirus (COVID-19) pandemic. It is likely that a lot of revenue was lost due to travel restrictions, event cancellations, park operations restrictions, etc. In addition, changes to traditional media business models and competition related to the success of the streaming service Disney+ could also affect the stock price.
Now, this summer, Disney’s stock is predicted to remain on an uptrend. More people will now flock to Disney Land and to the cinemas.