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Wells Fargo Securities said ditching its streaming-video business could add about 40% to Walt Disney Co.'s stock price by tightening the company's focus on intellectual property and experiences.
Analyst Steven Cahall argued that streaming has been bad for shareholders, with Disney shares losing nearly half their value over the past five years.
Wells Fargo estimated that if Disney focused on licensing out its intellectual property instead of running its own streaming service, it could generate more than $15 billion in annual licensing revenue.
bloomberg.com - Disney exiting streaming could spur rally wells fargo says 