Disney’s revamp of ABC Network and ESPN

While The Walt Disney Company’s (DIS) investors have been worried about ESPN, the company has remained optimistic about the network. The company is trying to take advantage of the online content viewing trend, and it will launch ESPN’s direct-to-consumer service later this year. Disney has also licensed ESPN to streaming services such as Hulu.

The company has also revamped its programming for the ABC Network to revive its flagging primetime ratings and earn more advertising revenue in the process.

Will Disney’s Performance This Year Overcome ESPN’s Troubles?

Disney’s franchise monetization strategy

Disney also expects its Parks & Resorts business to have higher expenses in 3Q17 as it continues to invest in its US (SPY) theme parks by adding new attractions. The company expects higher merchandise sales for its Consumer Products business in 2H17, as two movies from its Cars and Spider-Man franchises will be released later this year.

Disney also believes strongly in its franchise-focused strategy for its movie business. It will release seven movies this year and 11 movies in 2018.

Disney makes up 0.7% of the SPDR S&P 500 ETF (SPY). SPY has holdings of 4.3% in the computers sector.

Latest articles

WeWork is gearing up for an IPO. On Wednesday, the company made its IPO filing with the SEC public and expects to garner $3.5 billion from its IPO.

After FCC Chairman Ajit Pai recommended the approval of the T-Mobile–Sprint merger, Representative David Cicilline urged the FCC to allow public comment.

Cresco Labs (CRLBF) is set to report its Q2 earnings on August 21 after the market closes. The company's stock fell 5.3% yesterday.

Cannabis stocks mostly traded in positive territory today. Supreme Cannabis (FIRE) and Aurora Cannabis (ACB) rose about 9.5% and 5.5%, respectively.

NVIDIA (NVDA) stock soared 6% in today’s trading session as its Q2 earnings for fiscal 2020 beat estimates. However, its guidance missed estimates.

Nio Inc. (NIO) has disrupted the automotive space since 2014 but only made waves in the market since its IPO. Investors have suffered numerous setbacks.