Disney and Fox: ‘What’s My Narrative?’, Top Analyst Asks


This is a tale of two media giants, in COVID-19 times, as told by Michael Nathanson, the esteemed Senior Analyst of New York financial house MoffettNathanson.

With their respective Q2 earnings reports out, Nathanson took a microscope to The Walt Disney Co. and to Fox Corporation.

His assessment: Disney has been “rightly rewarded” for what Nathanson calls their “full commitment and now stellar execution of their pivot to Direct-to-Consumer services.” In contrast, despite Fox’s “solid” first year featuring 7% affiliate growth, ‘the company has no such narrative,” Nathanson declares.

Investors listened, with DIS up sharply and FOXA down in midday trading on Wednesday.

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