The Reddit community is abuzz with discussions about Disney, particularly focusing on the company's recent challenges and strategic decisions. One of the hot topics is the substantial $240 million budget for Disney's upcoming 'Snow White' film, which has sparked debates over the cost and the extensive use of CGI and reshoots. Users are questioning the rationale behind such a high budget, with one commenting, "Absolutely insane, what on earth could make this movie cost so much?" The film's production has faced numerous hurdles, including delays due to COVID-19 and a fire on set, leading to costly reshoots that some believe are driven by poor test screenings.
Another thread highlights the mixed sentiments among investors regarding Disney's stock. Some users express frustration over holding Disney shares, with one stating, "Disney is my only tanker. Cash and take my losses, move on? Or hold to maybe make it up one day?" Others suggest strategic moves like covered calls to mitigate losses, while a few criticize Disney's recent creative decisions, particularly in the Star Wars and Marvel franchises. The sentiment is divided, with some seeing potential in holding onto Disney stock, while others are ready to cut their losses.
Despite the ongoing debates and challenges, the current price of Walt Disney Company (DIS) stock is $116.96, reflecting a slight decrease of 0.03% from the previous close.