Disney continues to give Macquarie analyst Tim Nollen new reasons to worry.
The entertainment giant is in the midst of a cost-cutting push, but that can only help so much, according to Nollen. His list of “concerning” revenue trends is growing, and he thinks those dynamics could weigh on Disney’s DIS narrative going forward.The entertainment giant is in the midst of a cost-cutting push, but that can only help so much, according to Nollen. His list of “concerning” revenue trends is growing, and he thinks those dynamics could weigh on Disney’s DIS narrative going forward.
See also: Why Disney’s ‘inevitable’ move to stand-alone ESPN streaming service would bring ‘little risk, ample reward’ The parks dynamic is “potentially worrisome” for the current quarter, Nollen wrote. While the July 4 period won’t affect the results Disney is due to report Aug. 9, “it may represent similarly softening trends before that,” he said.
“Content production is now halted due to the WGA [writers’] and SAG-AFTRA [actors’] strikes, threatening production plans until resolved,” he wrote.
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