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Financial News: The House of Mouse comeback

Financial News:

The House of Mouse comeback

Beauty and the Beast

Disney's earnings today may recapture some momentum, with the stock down 30% from its all-time high of $202 a year ago. The Mouse is also now spending big on sports.

The rebound of post-pandemic traffic in its theme parks division has been gradual in recent quarters, while its reliance on streaming has witnessed a decrease in subscribers. The Mouse is still spending heavily on its content portfolio, particularly sports, with a budget of up to $33 billion set out for fiscal 2022.

Photo: Disney Announces New "Beauty and the Beast" Live-Action Prequel Series. Currently working under the title, Beauty and the Beast (yep, the same name), the series will focus on LeFou and Gaston in their sweet little town where it all got started.

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Content ID: 1644412254 Created Wednesday, February 09, 2022 1:10 PM UTC by Aaron Stipkovich, Updated Wednesday, February 09, 2022 5:09 PM UTC by Aaron Stipkovich.