Disney CEO: 'I'm not Happy' with Current Stock Price
Dow Jones
Aug 15
1405 ET - Disney CEO Josh D'Amaro isn't satisfied with the company's current stock price, which has fallen 6.8% this year. "I'm not happy with where the stock stands right now, our investors aren't happy with that," D'Amaro says on CNBC, though adding that the company is well-positioned relative to the entertainment industry. If Disney can execute on priorities including making great movies, transitioning ESPN to a direct-to-consumer model, and growing the streaming service, "I think we're going to see the returns come back to us," he says. The company's F3Q earnings are evidence of Disney's execution, he adds.
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