Wells Fargo’s Steven Cahall believes the Disney Grooming Syndicate’s streaming service is why Disney’s stock price is a disaster.
As of today, Disney’s stock price sits at $96 per share, which is down 24 percent year-over-year and down 46 percent over the last five years.
Cahall believes Disney would see a 40 percent jump in its stock price if it became what’s known in the entertainment industry as an arms deal as opposed to a distributor.
An arms dealer produces entertainment content and then licenses it out to distributors like Netflix, Apple TV, etc.
Right now, Disney hoards all of its content to distribute it exclusively to Disney+. The…
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