Not so long ago, Disney's share price was nearing the $200 mark, despite the pandemic's severe impact on its Parks and Resorts business.
Fast forward to the present, and even with the parks posting record results, Disney's share price has fallen to levels not seen in a decade, raising the question: what happened?
Several factors are at play, including challenges within the studio arm, ongoing decline of its legacy media operations, and Big Tech’s incursion into sports media.