Guess those GOP protests aren't working as well as some thought
By Indy! February 8, 2024 9:35 am Category: Disney (0.0 from 0 votes)
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Disney stock skyrockets after beating earnings forecast and big investment in Epic Games, maker of the popular Fortnite video game. Gee... it's almost like what Indy said was true - they realized cable is a stagnant entertainment form and decided to abandon ship at the right time for better investments.
Current price: $111.50 (compared to around $88 the last time we discussed this issue)
Up $12.34 right now or 12.54% on the day
And instead of running for president right now, Ron DiSantis is sitting at home watching Disney's live action version of The Little Mermaid while apologizing to his kids for being such a jerk.
Disney shares spike 12% after earnings beat and Epic Games, Eras Tour news
Disney shares were 12% higher in morning trade Thursday, after the company’s fiscal first-quarter earnings beat estimates and it announced a slew of major deals and upcoming events.
In its most eye-catching news, CEO Bob Iger said the company would take its biggest step yet into gaming with a $1.5 billion stake in Epic Games, the maker of blockbuster Fortnite.
Disney said the partnership will see it work together with Epic to create new games using its intellectual property, including Disney, Pixar, Marvel, Star Wars and Avatar.
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