Yup..tough time for streaming services..of course, your link also stated that Disney theme parks recorded off-the-hook profits right? As the thrust of this topic is about Disneyworld and its development project, I imagine that we can still call it a clear victory eh?Media stocks got rocked this year, with companies losing billions of dollars in market value, as streaming subscriber growth waned and the advertising market worsened.
The pain is likely to continue in the first half of 2023, according to media executives and industry analysts.
Disney and Warner Bros. Discovery, two companies undergoing transitions, especially when it comes to streaming, each hit 52-week lows in recent days. So far this year, Warner’s stock is down more than 60% and Disney is off more than 45%.
2022 was tough for media stocks like Netflix and Disney, and 2023 doesn't look good, either
Even though Parks like Walt Disney World and Disneyland did better than expected and broke record profits,