Possible wedge breakout for Disney
Over the past few years it seems like the market has been punishing Disney for removing content from streaming services and acquiring companies. With no shows on Netflix investors fear Disney will not beat its earnings from last year. I think the reason Disney is starting their own streaming service and acquiring companies is to become the manager of their own content on the internet. Disney s own streaming service would increase profit margins for Disney's movies and ultimately increase their earnings reports down the line. With Netflix making its own movies and shows it has become a major competitor for Disney, a competitor Disney can not afford to ignore.
If Disney manages to keep the hype up for their streaming service they could entice investors to buy in. Disney could definitely have a breakout of the wedge it is in if investors get excited. With Disney releasing an ESPN streaming service in 2018 and many similar media services in 2019 investors could buy in to the hype. Although as a crypto investor one thing I have learned is that development takes time. Even for a company as big as Disney. We will have to wait and see if Disney can deliver on their streaming services.
If Disney manages to keep the hype up for their streaming service they could entice investors to buy in. Disney could definitely have a breakout of the wedge it is in if investors get excited. With Disney releasing an ESPN streaming service in 2018 and many similar media services in 2019 investors could buy in to the hype. Although as a crypto investor one thing I have learned is that development takes time. Even for a company as big as Disney. We will have to wait and see if Disney can deliver on their streaming services.
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