Can Disney Restore Wall Street’s Faith in Hollywood (and Streaming) After a Dismal Earnings Cycle?

The entertainment giant reports after the closing bell Wednesday as streaming, theme parks and the stock price come into focus

The Walt Disney Co. reports its fiscal second-quarter earnings after the closing bell on Wednesday, closing out what has been an unusually turbulent earnings season for the entertainment industry.

Disney will be the last major Hollywood company to report results for the first three months of the year. Investors hope the world’s largest entertainment conglomerate will calm frayed nerves after Netflix kicked off the industry-wide anxiety on April 19 by reporting a 200,000 drop in subscribers — its first loss in more than a decade — and warned of steeper declines ahead as layoffs have already begun.

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Joe Bel Bruno

Joe Bel Bruno is TheWrap's Editor at Large, Business. He most recently served as the Founding Editor of the business news site dot.LA. He was previously the Managing Editor of Variety, and served as Deputy Business Editor and later Deputy Entertainment Editor at the Los Angeles Times. Bel Bruno also ran markets coverage for The Wall Street Journal. Before that, he was an award-winning reporter at the Associated Press in New York, and held senior posts in London and New York for Knight Ridder Financial.