Disney's Latest Unionization Cast Vote Could Signal Shifts in Operational Costs and Investor Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 20 2024
0mins
Should l Buy DIS?
Source: Benzinga
- Disneyland Cast Members Unionize: Disneyland cast members, including those portraying characters like Mickey and Minnie Mouse, voted to unionize with the Actors’ Equity Association, addressing issues such as safety, scheduling, fair wages, and workplace benefits.
- Unionization Trend in Entertainment Industry: The unionization of 1,700 workers at the Anaheim location reflects a broader trend of organizing within the entertainment industry and large companies across the U.S., aiming to enhance working conditions for employees and visitor experiences.
- Apple Retail Store Potential Strike: Reports indicated potential strikes at Apple's unionized retail stores in Maryland and New Jersey over pay, benefits, and scheduling.
- Unionization Efforts by Companies: Companies like Starbucks and Amazon have been focusing on unionization efforts to improve pay and compensation for their employees.
- Amazon's Anti-Union Spending: Amazon spent over $3 million in 2023 on consultants to deter unionization, compared to higher amounts in previous years.
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Analyst Views on DIS
Wall Street analysts forecast DIS stock price to rise
19 Analyst Rating
16 Buy
3 Hold
0 Sell
Strong Buy
Current: 104.820
Low
123.00
Averages
137.29
High
152.00
Current: 104.820
Low
123.00
Averages
137.29
High
152.00
About DIS
The Walt Disney Company is a diversified worldwide entertainment company. The Company's segments include Entertainment, Sports and Experiences. The Entertainment segment generally encompasses its non-sports focused global film and episodic content production and distribution activities. The lines of business within the Entertainment segment along with their business activities include Linear Networks, Direct-to-Consumer, and Content Sales/Licensing. The Sports segment encompasses its sports-focused global television and direct-to-consumer (DTC) video streaming content production and distribution activities. The lines of business within the Sports segment include ESPN and Star. The Experiences segment includes Parks and Experiences and Consumer Products. Parks and Experiences consists of Walt Disney World Resort in Florida, Disneyland Resort in California, Disney Cruise Line, and others. Consumer Products includes licensing of its trade names, characters, visual, literary and other IP.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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