Entertainment giant Disney (DIS) may be the victim of a government conspiracy! Who says? Amazingly, the government, or at least elements of the government. Federal Communications Commission (FCC) Commissioner Anna Gomez recently told Disney CEO Josh D’Amaro that her own commission is being used against Disney. That news was oddly welcome to investors, meanwhile, who gave Disney stock a fractional boost in Tuesday’s trading.
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Gomez sent D’Amaro a letter in which she detailed that the FCC, under current chairman Brendan Carr, had been dispatched to “…pressure…a free and independent press and all media into submission.” Given that Gomez is the commission’s sole Democrat, issues of politics likely factored into her assertions. Actual evidence, meanwhile, seemed short on the ground.
Disney, interestingly, did not comment on the letter. Nor did chairman Carr, even as Gomez insisted that investigations of content providers and the FCC decision to reinstate a complaint against ABC over its moderation of the 2024 presidential debates were “…not a series of coincidental regulatory actions.” Gomez then insisted she would wage a one-person war against her own agency, noting she would use “…every tool available to me as a Commissioner to shine a light on what this FCC is doing to curtail press freedom and to hold this process to account at every step.”
A Big New Gaming Experience
Meanwhile, Disney plans to welcome a new experience in Disney Springs known as Level99. This venue looks to open in summer, and will hire around 150 workers ahead of its opening. Level99 will open where the NBA Experience once stood, on the West Side of the complex.
Level99 will feature over 60 “mini-games” that include solving puzzles, dodging things, and actually fighting other players in simulated duels. There are actually three other Level99 locations—one in Massachusetts, another in Rhode Island and a third in Virginia—but the Disney Springs location will be the largest, opening up another reason to head to Orlando.
Is Disney Stock a Buy or Hold?
Turning to Wall Street, analysts have a Strong Buy consensus rating on DIS stock based on 16 Buys and two Holds assigned in the past three months, as indicated by the graphic below. After a 5.98% loss in its share price over the past year, the average DIS price target of $132.67 per share implies 26.69% upside potential.
