Man oh man what a day for streaming!
Besides what happened to Netflix, has anyone noticed what happened to Disney today? It was a beautiful day of rebounding until AH took away all gains and then some. I understand that sentiment has gone down for Disney due to their involvement with the Dont Say Gay Bill, however, once news dropped that the Governor of Florida was going to start cracking down on Disneys business in Florida, the stock still saw gains.
Why do you guys think Disney followed Netflix during after hours? Do you guys think Disney will have a similar earnings outcome?
Personally, I don’t think they’ll have good streaming #’s until next report once the subscribers for Kenobi start rolling in.
Position:
5.5 shares @ $143 avg.
$190C June 2023 $2.41
Sources:
https://finance.yahoo.com/news/media-stocks-fall-shocking-drop-201100672.html
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