Things within The Walt Disney Company are changing. We’ve seen some major executive leadership changes over the past few months, big announcements about Disney’s plans for the future, and some small but important financial changes ahead of the fourth-quarter earnings call.
©Disney | Walt Disney Company Headquarters
Back in August, we saw Disney’s stock prices drop lower than we’ve seen them in about nine years, and at the Q3 earnings call for fiscal 2023, we learned that Disney’s revenue wasn’t as high as many hoped. But Disney keeps moving forward. Earlier this year, there was a lot of speculation over Disney’s plans to acquire more stake in Hulu. The company already owns about two-thirds of Hulu, and Comcast owns the other third. Fast-forward to September, and Comcast and Disney signed an agreement to begin sale talks for Comcast’s stake in Hulu early, deciding to begin negotiations on September 30th, 2023. Well, as of November 1st, 2023, it seems the two companies reached an agreement.
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