[ad_1]
Disney (New York Stock Exchange:DIS)’s stock price has been rising a bit recently following an impressive quarterly earnings report. Not only the better-than-expected numbers, but also recent moves such as the Fortnite maker’s $1.5 billion stake in Epic Games make me see Disney as a potential backdoor into the realm of the Metaverse. Ta.
Disney Chief Executive Bob Iger has no choice but to be fiercely bullish on the stock as he tries to get the company back on top. Coupled with more assertiveness from activist investor Nelson Peltz (who is still eyeing a board seat) hoping for pressure for positive change, I’m no longer bullish as stocks look set to change course. I couldn’t become one.
Epic Games investment, recent sports streaming partnership with rival streamer, and Taylor Swift news era It’s been a while since we’ve been this excited about Disney, with the tour coming to the Disney+ streaming platform.
From eras to sports streaming, Disney may have its eyes on the Metaverse
In many ways, Taylor Swift’s Ellas could be the biggest non-Disney production to arrive on the platform since she became a hit sensation on Broadway. hamilton Just a few years ago. Eras may give consumers another reason to restart their Disney+ subscription, but I see the biggest takeaway from the latest quarter (and commentary) as Disney’s ambitions in the virtual realm .
Additionally, streaming concert tours is in stark contrast to the content offered by other video streamers. Concerts, plays, and recorded live experiences are fun to watch through television, but I believe they are best enjoyed in the realm of virtual reality.
Disney’s aggressive exploration of the realm of virtual reality and spatial computing is nothing new. Remember when Bob Iger took the stage during Apple’s announcement?NASDAQ:AAPL) Vision Pro? Iger sees potential in Apple’s latest products, and his company’s latest bets are likely to translate very well into the realm of immersive worlds.
Disney+ is more competitive than some of its peers, especially Netflix (NASDAQ:NFLX) has chosen not to develop native visionOS apps in the early stages of Apple’s newest products. Personally, I think Netflix has a lot to lose if it can’t produce as much content for new spatial media as Disney does. Of course, Netflix probably has enough cash to catch up once headsets reach households.
But for now, Disney is looking to the future. That’s why I prefer Disney over things like Netflix. In many ways, Disney seems to be on the right track with bringing must-see “experiences” like Eras to its platform. Imagine experiencing your content on a 100-foot screen on the Vision Pro headset. Experiences like this make you feel like you’re part of the action.
Disney’s comeback could be fueled by spatial computing, Vision Pro
In the future, we hope to see Disney invest more in spatial cameras for various productions like the iPhone 15 Pro series, which can provide a “spatial” experience that takes immersion to the next level. As it stands, Vision Pro, in the eyes of his future content creators, looks like a dangerous innovation to ignore. However, in a few years, it could become a must-have device as Disney and other content gradually arrives.
It’s not hard to imagine high-quality “spatial” content flooding into the Vision Pro over time, perhaps thanks in part to forward-thinking content creators like Disney. Aside from concerts, video games, and other experiences, Disney’s sports streaming push may just be the first step toward achieving the holy grail of virtual courtside seats via spatial computers and VR headsets.
In fact, ESPN has been a drag on Disney’s business for quite some time. But in the space of spatial computing and streaming, the ESPN acquisition may finally prove its worth. I have to say that I’m impressed with where Disney is going, even if it takes a few more years for spatial computing to become widespread (the form factor is still a little too bulky). It’s like walking through the Metaverse. And I would argue that if virtual reality headsets are successful, Disney finally has what it needs to fight back against Netflix.
Is DIS stock a buy, according to analysts?
TipRanks rates the DIS stock as a Moderate Buy. Of the 21 analyst ratings, there are 16 buy recommendations, 4 hold recommendations, and 1 sell recommendation. DIS’s average price target is $115.50, suggesting 2.7% upside potential. Analyst price targets are as low as $82.00 per share and as high as $130.00 per share.
DIS stock conclusion
In many ways, Disney looks to be the ultimate Metaverse content play, as it aims to become one of the largest developers of so-called “killer” apps in the next generation of spatial computing products. Masu.
From sports streaming to Metaverse-like video games (think Epic’s Fortnite) to recorded concert experiences, Disney seems to be rolling the dice with the Metaverse. And as this field evolves, there is definitely potential for big wins. In fact, Disney and Apple seem to have formed a symbiotic relationship, as both aim to unleash the full power of future immersive virtual worlds.
disclosure
[ad_2]
Source link
