Disney Stock Surges as NFL Discusses Buying Stake in ESPN
Disney stock experienced a significant surge on Tuesday following reports that the National Football League (NFL) was in talks to purchase a stake in ESPN, Disney’s sports media business. The New York Post reported on Friday that the NFL and Disney were engaged in “advanced discussions” regarding the equity stake. As part of the deal, ESPN would take over NFL Media, including its production unit NFL Films, cable channels NFL Network and Redzone, as well as digital properties like NFL.com and the recently-launched streaming service NFL+. The promising discussions had progressed to a point where the league informed the Players Association and team owners.
Disney CEO Bob Iger had previously expressed the company’s openness to selling an equity stake in ESPN, while also seeking a strategic partner involved in distribution and content as Disney transitions to streaming. However, it is worth noting that the NFL recently signed an 11-year media deal worth over $100 billion, which includes agreements with various media companies such as NBC, CBS, Amazon, YouTube, Fox, and Disney. The impact of the potential ESPN stake acquisition on these existing contracts is still unclear.
Disney Announces Disney+ Availability on Apple Vision Pro
In other news, Disney revealed on Tuesday that its popular streaming platform, Disney+, will be accessible on the highly-anticipated Apple Vision Pro mixed-reality headset. Starting from the release date of the headset on February 2, Disney+ subscribers will be able to stream content using the Apple Vision Pro at no additional cost. Furthermore, eligible Disney Bundle subscribers will gain access to Hulu content along with Disney+ shows and movies. Disney also plans to bring dozens of 3D movies to the headset, featuring beloved series like Star Wars, Marvel, Avatar, and original films such as Encanto. Users who have previously purchased Disney movies with 3D viewing options from the Apple TV app will also be able to access those versions on the Vision Pro at no extra charge.
NFL in Advanced Talks to Purchase Stake in ESPN, Boosting Disney Stock
The news of the NFL’s interest in acquiring a stake in ESPN, combined with Disney’s partnership with Apple for Disney+ availability on the Vision Pro, propelled Disney stock into a high-alert zone for aggressive investors. On Tuesday, Disney shares surged about 3%, marking the largest daily gain since November. The stock rebounded after finding support at its 200-day moving average and surpassed its 50-day line. Additionally, it broke through a downward trendline, indicating a potential buy zone for risk-tolerant investors.
According to market analysis on MarketSmith chart, Disney’s stock pattern resembles a seven-week flat base, with a buy point identified at $96.51.
Disney and Apple Collaboration Boosts Disney Stock into High-Alert Zone
The collaboration between Disney and Apple, coupled with the potential NFL deal, has created a sense of excitement among investors. Both developments have the potential to significantly boost revenue and expand the reach of Disney’s streaming platforms. The combination of established franchises like Star Wars and Marvel, alongside the popularity of Disney’s original content, makes Disney+ an attractive proposition for consumers.
Disney’s stock surge reflects the market’s positive response to the news. The share price increase indicates growing investor confidence in the company’s future prospects, particularly as it navigates the transition to streaming and secures strategic partnerships with major players in the industry.
Disney Stock Soars Following Reports of NFL’s Interest in ESPN Stake
Disney’s stock surge on Tuesday in response to the news about potential NFL acquisition of a stake in ESPN demonstrates the market’s enthusiasm for the company’s prospects. The collaboration between Disney and Apple adds additional excitement, as Disney+ will be available on the Apple Vision Pro mixed-reality headset, widening the streaming platform’s accessibility. The combined impact of these developments has put Disney’s stock in a high-alert zone for aggressive investors.
As Disney continues to leverage its valuable intellectual property and expand its streaming presence, investors are eagerly watching for new developments and potential catalysts for further growth.
Analyst comment
Positive news. The potential NFL acquisition of a stake in ESPN and the collaboration between Disney and Apple for Disney+ on the Apple Vision Pro have generated excitement among investors. This could significantly boost revenue and expand Disney’s streaming platforms. Disney’s stock surged, indicating growing investor confidence in the company’s future prospects.
