DIS - Here's Walt Disney's Biggest Problem to Solve in 2024 (and It's Not the Nelson Peltz Proxy Fight)
2023-12-05 10:07:00 ET
There's no denying that the verbal sparring between activist investor Nelson Peltz and Walt Disney (NYSE: DIS) CEO Bob Iger has been fun to watch. The proxy fight will probably lead to structural changes -- even more than it already has -- even if we can't yet predict what those changes might be.
Whichever of these two men ends up winning this well-publicized argument, however, the 2024 priority should be the same. That's Disney's TV business, consisting of ABC, The Disney Channel, National Geographic, ESPN, A&E, and a handful of other channels. This division remains the company's single biggest source of revenue and operating income. If Walt Disney is going to thrive, it needs to do so on this front more than any other.
And there's the rub. Disney's television revenue has been stagnant since 2019, while its operating profits have been deteriorating since 2021. Something's got to change, and soon.
For further details see:
Here's Walt Disney's Biggest Problem to Solve in 2024 (and It's Not the Nelson Peltz Proxy Fight)