7 Best Streaming and TV Stocks To Invest In

2. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fun Holders: 92

The Walt Disney Company (NYSE:DIS) is a leading diversified international family entertainment and media enterprise that includes three core business segments namely Disney Entertainment, ESPN, and Disney Experiences. Disney Entertainment encompasses the firm’s full portfolio of entertainment media and content businesses globally, including streaming. ESPN encompasses ESPN networks, ESPN+, and the firm’s international sports channels while Disney Experiences brings Disney’s stories and characters to life through consumer products, theme parks, cruise and vacation experiences.

Disney has evolved from a cartoon studio in the 1920s to a leading entertainment industry player. As the company builds streaming into a profitable growth business over the long term, the combination of a broad brand portfolio and exceptional content is the key to success. In the most recent quarter, the company achieved profitability across its combined DTC streaming businesses. The firm is improving the quality of its flagship direct-to-consumer streaming service, Disney+. For this purpose, it has taken initiatives like the integration of Hulu content on Disney+ and the introduction of playlists to Disney+ starting on September 4 for US subscribers.

Disney+ offers an extensive collection of exclusive originals including feature-length films, documentaries, live-action and animated series, and short-form content. It serves as the exclusive streaming home for the most recent releases from The Walt Disney Studios and has unprecedented access to Disney’s long history of incredible film and television entertainment. As of March 2024, Disney+ has over 153.8 million subscribers, and over 13,000 shows and movies across more than 150 markets.

For its third quarter ended June 29, 2024, The Walt Disney Company (NYSE:DIS) reported strong double-digit percentage growth of 19% for total segment operating income and 35% for adjusted EPS. Regarding the recent company update, The Walt Disney Company Board of Directors has named James P. Gorman as Chairman of the Board, effective January 2, 2025, who will be succeeding Mark G. Parker. The company also expects to make the critical announcement about the new CEO which is expected in early 2026.

The Walt Disney Company (NYSE:DIS) has an unrivaled and solid portfolio, a strength which has been evident in the firm’s success as well as results. As of Q2, the stock is held by 92 hedge funds.