Disney Pivots From Live-Action Movies to Series, Disney Stock (NYSE:DIS) Slips

Entertainment giant Disney DIS -0.35% ▼ is taking a bit of a turn, pivoting away from a live-action movie and toward a live-action series instead. This combination of events is leaving investors just a little nervous, as shares slipped fractionally in the closing minutes of Tuesday’s trading.

Claim 70% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions

• Stay ahead of the market with the latest news and analysis and maximize your portfolio’s potential

The new series is called Tink, and it should be pretty clear just who will be front and center on this one. That’s right, Tinkerbell, the fairy of Peter Pan fame is getting elevated to her own series. This is not exactly news, of course, as Tinkerbell has carried direct-to-video movies in the past. But now, she will be getting her own series, as revealed by Deadline.

There is not much word as yet as to what the series will be about. Though we know it is about Tinkerbell, we do not know just what she will have to do here, when the series will be set—is this before or after the events of Peter Pan?—or who she will have to face down when she finally gets to wherever it is she’s going. Also missing is any kind of release date, though reports suggest this will be going to Disney+ when it is ready.

A Time to Live, a Time to Cancel

But even as we gain a new Tinkerbell-focused series, we will also lose a potential live-action adaptation in the making. This time, it was a live-action movie. Disney had been rolling out live-action adaptations of its biggest movies for some time. The release of Snow White, however, spiraled into a debacle that likely left Disney hesitant to keep going in this vein.

Thus, the planned release of a Robin Hood remake was shut down. The project was canceled, and this proved particularly galling to director Carlos Lopez Estrada, who had reportedly found the perfect music for it. The Robin Hood remake was set to be a mix of live-action and CG, and was also set to feature a set of anthropomorphic animals in much the same way the original 1973 version did.

Is Disney Stock a Buy or Hold?

Turning to Wall Street, analysts have a Strong Buy consensus rating on DIS stock based on 17 Buys and three Holds assigned in the past three months, as indicated by the graphic below. After a 3.84% loss in its share price over the past year, the average DIS price target of $135.41 per share implies 33.65% upside potential.

Disclosure

Disclaimer & DisclosureReport an Issue