The Force Awakens, Can Energy?

On December 17, “Star Wars: The Force Awakens” opens in theatres nationwide.  The Walt Disney Company bought Lucasfilm Ltd., the creator of the Star Wars franchise in 2012, with high expectations it would produce significant, positive financial returns.  The soon to be released film, the first “Star Wars” movie in 10 years, will feature characters not seen in 32 years and is expected to rival the opening weekend record of $209 million for June’s “Jurassic World”.   In addition to the theme parks we know so well, Disney owns a large stable of media and studio entertainment companies that help to diversify the sometimes hit and miss nature of the block buster movie business.  These include among others, ABC Television Network, The Disney Channel, ESPN, Disney Publishing Worldwide, Disney (retail) Store, Walt Disney Studios Motion Pictures, Pixar Animation Studios, and Marvel Studios.   Earlier this year, concerns over subscriber losses at ESPN resulted in a drop of just over 10% in Disney’s stock price.  This precipitated a review of the firm’s holdings in Disney and a decision to purchase additional Read on! →