3 dates for Disney stock investors to circle in January
One of the most unexpected market surprises of 2020 is seeing Walt disney (NYSE: DIS) conclude the year by reaching historic highs in December. Despite its closed theme parks and cruises and a lack of box office revenue, investors have made an offer to the media giant.
Disney’s strong success raises expectations for the coming year. There will be a lot going on at Disney in 2021, but let’s take it one month at a time. Let’s go over some dates for Disney investors to watch in January.
The peak vacation travel season has come to an end at Disney World. Hours of operation are now getting shorter and on Tuesday Disney will launch a new promotion in which customers booking travel packages for a minimum of four nights stay will receive two additional days of tickets.
The next big event at the world’s most visited theme park kicks off on Friday with the kickoff of the Taste of Epcot International Arts Festival. Guests will be able to sample artisan-themed dishes, admire works of art, and enjoy unique festival programming and photo ops. The Epcot Festival will run until February 22. You’ll know the festival is a success if Disney extends its park hours or increases capacity.
The Mandalorian put Disney + On the map, but having another hit series tied to one of his biggest franchises couldn’t hurt. WandaVision premieres on the fast-growing streaming service. Taking a pair of popular Marvel characters from the Avengers playground, WandaVision features a trippy series with original Marvel Cinematic Universe stars Elizabeth Olsen as Wanda Maximoff and Paul Bettany as Vision.
Giving a superhero series a throwback to the days of classic television is a gamble. This show is going to be either a resounding success or a failure. There’s no way he’s going to land anywhere in the middle. Disney + will roll it out in weekly installments like it did with The Mandalorian, but it won’t be long before social media either makes the series a cult product or crumbles it culturally. Like a media company, Disney knows the drill.
Until a few weeks ago, Disney had suspended its cruises until the end of January. At the beginning of December, he postponed his disturbances until the end of February. By the end of this month, it wouldn’t be surprising if it extended its cancellations until March, which has been more than a year since Disney’s last passenger has sailed.
Disney is in better shape than the country’s three biggest cruise lines. She runs a diverse media and entertainment empire. But that doesn’t mean he doesn’t feel the pinch. In November, Disney said demand for its four cruise ships was strong in the second half of this exercise, and that means from April. The schedule will change if Disney is to continue to cancel its cruises.
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