The Walt Disney Company (DIS) Tells Its Lawyers to Take a Vacation

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“The future of Hulu is bright,” said Disney CEO Bob Iger. “And if the future of Hulu is bright we should hold on to it.”

It’s an open question how much Disney investors agree with that statement. What we know for sure is that between the settlement and the 180-degree turn on Hulu, Disney shares have underperformed the Dow Jones Industrial Average (INDEXDJX:.DJI) — they’re down another 1.3% today. The suit still hangs like a Sword of Damocles over the last five defendants, which include another Dow Jones Industrial Average (INDEXDJX:.DJI) component. When all is said and done, depending on the cash sums involved, this legal action may end up shaving a few points off the Dow.

The article Disney Tells Its Lawyers to Take a Vacation originally appeared on Fool.com and is written by Anders Bylund.

Fool contributor Anders Bylund owns shares of Google, but he holds no other position in any company mentioned. Check out Anders’ bio and holdings or follow him on Twitter and Google+. The Motley Fool owns shares of Google, Apple, and Walt Disney. Motley Fool newsletter services have recommended buying shares of Google, Walt Disney, and Apple. Motley Fool newsletter services have recommended creating a bull call spread position in Apple. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

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