JPMorgan’s Philip Cusick is feeling “cautious” about the media industry, but he likes Walt Disney Co.’s potential.
Among... JPMorgan’s Philip Cusick is feeling “cautious” about the media industry, but he likes Walt Disney Co.’s potential. Among the positives for Disney are its “strong asset mix and what we expect to be a rapid decline in streaming losses in the next year,” Cusick wrote.Chief Executive Bob Iger is back at the helm of Disney, and he’s focused on improving the company’s streaming profitability. As such, Cusick expects Disney’s margins will improve “as the company pares away what had become during COVID a bloated cost structure” in Disney Media and Entertainment Distribution.
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