Why Netflix and Disney Stocks Are Falling Flat in 2021

  • 📰 Variety
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

The stock market soared to record highs in the first half of 2021, but not everyone has participated in the rally. $NFLX and $DIS have seen their stocks stall despite being the clear leaders in streaming video. heidi_chung at VIP+ explains further

. Netflix’s merch store may not be a meaningful contributor to its top line yet, but it is a move that could further grow the loyal fanbase of its most beloved shows and movies.

, its core businesses were reeling. Disney’s theme parks and cruises had to shut down completely, major film releases had to be pushed back, and production of shows and movies were halted, which resulted in precious ad dollars lost.. The most significant impact was to the company’s Parks, Experiences and Products segment, which took a $6.9 billion blow in operating income for the year. Before the pandemic, theme parks revenue had accounted for 40% of its total revenue.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 108. in US

United States United States Latest News, United States United States Headlines