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This smells like a desperation move for Disney.
Disney has lost almost half their market cap since March of 2021. Iger retired, his hand picked legacy CEO lasted like 18 months, the next dude lasted less time and the board convinced 800 year old Iger to ride back from the sunset and fix shit.
Since 2021 their properties have all shit the bed.
Marvel is a husk of its former self to the point at which they halted production
Star Wars has imploded to the point they shitcanned most of their shit.
Pixar hasn’t had a true hit in a long time
Studios is meh. I think it’s making money. But meh.
ESPN is puking money.
Discovery … still exists I guess?
Hulu is a good property
Parks and cruises make money.
Current liabilities exceed current assets by enough that id be pissed if it was mine, they still netted 2B last year, but they have problems.
I don’t think this is a healthy company entering into healthy M&A.
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