Is Disney's Big Gamble About to Pay Off?

Walt Disney (NYSE: DIS) is undoubtedly the most well-known entertainment firm in the world.

Despite its size, market leadership, many media channels, cruise ships, and other assets, Disney is a relatively risk-averse firm. 

Taking risks has been a winning strategy for Disney throughout its history.

Disney's current bet involves aggressively investing in content and increasing its direct-to-consumer (DTC) services via Disney+, ESPN+, and Hulu. 

In the first half of fiscal 2022, these three services alone incurred $6.74 billion in programming and production expenditures. 

In addition, Disney forecasts total content investment in fiscal 2022 to reach $32 billion.

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