Disney Is Poised To Benefit From Potential Thaw In China-U.S. Relations, Wall Street Analyst Says
deadline.comDisney is poised to be the top entertainment industry beneficiary of a potential improvement in U.S.-China relations, according to a veteran Wall Street analyst.
On the occasion of talks in California this week between China’s Xi Jinping and President Biden, Tim Nollen of Macquarie singled out Disney, ad tech firm The Trade Desk and video game software maker Unity as having the most to gain from the diplomacy.
China recently has become more isolationist and less democratic, by most measures, and the Biden Administration has made it a priority to mend relations after predecessor Donald Trump waged a trade war against China and engaged in other saber-rattling.
Disney’s “long history” of doing business in China makes it “a truly global brand relative to other traditional U.S. media companies,” Nollen wrote in a note to clients.
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