As Walt Disney celebrates its 100th anniversary, investors are concerned about its declining share price due to struggles in the age of streaming. However, adapting to changing times has always been a challenge for Disney, dating back to its early days in the silent film industry.
FILE PHOTO: A screen shows the trading info for The Walt Disney Company company on the floor of the NYSE in New YorkFILE PHOTO: Walt Disney is pictured with his famous character Mickey Mouse in this undated file photograph - As Walt Disney turns 100, investors worry it's beginning to show its age. The share price dropped to its lowest level in nearly nine years as the company stumbles in the age of streaming.
Disney Studios opened in Hollywood in 1923 – geographically and conceptually distant from the animation powerhouses in New York. Disney envisioned a future in which animated features would garner the same respect as the live-action films being shot down the street. Disney Studios managed to lead the Western animation industry for decades through its innovations and dedication to captivating stories. But its reign would not last as a new technology arrived and Disney was late to greet it.
Now at the 100-year mark, streaming poses yet another challenge. Disney’s early gambles in new technology produced quality films that distinguished the studio from its competitors. Later, embracing computers preserved the studio as a major player in animation. Now, stockholders are closely watching what Disney will do as it moves into its next century.
Somers, who was best known for her roles on 'Three's Company' and 'Step by Step', died on Sunday, Oct. 15 — one day before her 77th birthdayJustin Timberlake and Jessica Biel confirmed they had split in March 2011, but they didn't comment on their private relationship until after they got engaged in Montana in December.WASHINGTON -A U.S.
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