Good afternoon from New York, and thanks to Thomas Buckley for the help with a packed newsletter.
While we will get to the major Disney news in a minute, let’s look ahead to a big week for Netflix and the entire entertainment business. The worldwide leader in streaming TV will report second-quarter financial results on July 19, and expectations are high. Shares of Netflix are up more than 90% since the market bottomed out in October, and the company is the 11th best stock in the S&P Index since then.
