Results for: Walt Disney

India’s Competition Commission of India (CCI) is meticulously scrutinizing the $8.5 billion merger between Reliance Industries and Walt Disney, raising concerns about potential market dominance. The deal, which would create India’s largest entertainment conglomerate, is facing intense scrutiny due to its potential impact on the $28 billion Indian entertainment market. The CCI has sent over 100 queries to both companies, seeking details about their respective sports rights and the future of YouTube’s role in the market.

Wells Fargo analysts believe that Walt Disney (DIS) is poised for improved performance after emerging victorious from a challenging proxy fight. They anticipate better margins in the company’s direct-to-consumer business and stabilization in the sports segment. Disney is also expected to benefit from paid account sharing at Disney+, Hulu content integration, and potential full ownership of Hulu in 2023. Furthermore, ESPN’s valuation is projected to rise, supported by strong sports viewership. The bank has raised its earnings per share estimates for Disney in 2024 and 2025, leading to an increased price target of $141, implying significant upside potential.