The Walt Disney Company (NYSE: DIS) stock is down nearly 8% in early trading after a mixed earnings report, reflecting a company that is making progress but facing key structural challenges. Strong performance in its theme park business couldn't fully offset the misses in its linear TV business, especially in light of its ongoing carriage dispute with YouTube TV—a standoff that affects the future of live sports streaming.
However, the report could set the stage for Disney to resolve this ongoing dispute, which reportedly costs it between $4 million and $5 million per day in lost affiliate fees and advertising revenue.
