ESPN is laying off some high-profile personalities, continuing a long trend of talent leaving the company. But for Disney‘s (NYSE: DIS) long-term growth strategy, this makes a lot of sense. Travis Hoium covers exactly why in this video.
*Stock prices used were end-of-day prices of Oct. 1, 2024. The video was published on Oct. 3, 2024.
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Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Travis Hoium has positions in Walt Disney. The Motley Fool has positions in and recommends Meta Platforms, Netflix, Walt Disney, and Warner Bros. Discovery. The Motley Fool recommends Comcast. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.