PARAA - Disney Delays More Films: Could Shareholders Suffer More Declines During Hollywood Strike? | Benzinga
Shares of Walt Disney Co (NYSE:DIS) have fallen significantly in the last year and are trading at decade lows, much to the displeasure of shareholders.
There could be more troubles ahead for the company's movie division with more delays coming.
What Happened: Disney released several movies that have underwhelmed at the box office compared to their expectations in 2023.
The 2024 year isn't looking much better with multiple movies now being delayed to 2025 as a result of the ongoing Hollywood Strike.
On Friday, Disney shared that its live-action "Snow White" movie set for a March 22, 2024 release has been delayed to March 21, 2025.
A report from The Hollywood Reporter also said that Disney's "Elio," a film from the company's Pixar studio, is being pushed back from March 1, 2024 to June 13, 2025.
The changes take two of the company's key Spring 2024 releases out of the upcoming ...