No one trusts Disney now, not customers, not vendors like the cable companies and definitely not investors. Not even the cheapest valuation since the Covid-19 pandemic is tempting investors to buy Walt Disney Co. shares. Losses in its online video businesses and a drop in subscribers to its Disney+ streaming service are just some of the issues it faces. Then there’s the impact of the Hollywood actors and writers strike and a fee dispute with the second-largest US cable company, which has seen Disney yank its channels including ESPN from the service, cutting access for millions of viewers.

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