The battle for Disney’s (NYSE:DIS) board took on a whole new dimension after Disney rolled out an impressive earnings report. With surging profits and new ventures, it’s easy to see a new life in Disney. And analysts were on board as well, chiming in generally positively as Disney shot up over 12.5% in Thursday afternoon’s trading.
Analysts stepped in to express their satisfaction. Some analysts waxed eloquent about how cost-cutting managed to save Disney”s collective bacon this quarter, but weren’t quite sure this meant a “fundamental turnaround.” Others, like Needham, kept it simple, saying “The magic’s back.” Needham analyst Laura Martin looked for Disney to keep its churn rates down thanks to bundling—which makes sense, given that bundling basically gives users more content to sift through before they move on to other venues, a standard of the “streaming nomad” concept—and stuck to that notion…
