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Five companies with the Midas Touch


Entertainment mogul Walt-Disney (DIS) is by no means a company that faces no problems. The cord-cutting phenomenon creates a big problem for the company’s pay-TV business, in particular ESPN, but the company’s Midas Touch in its other entertainment sectors keeps the stock very attractive. The company’s amusement parks are second to none, and continue to provide steady revenue streams for the company. The company’s movie studio has always been strong, but took a major step forward when the company acquired the Star Wars franchise. The fourth through sixth movies in the franchise were disappointments to rabid Star Wars fans, and many people questioned whether or not Disney would be able to breathe life back into the franchise after it acquired it in 2012 for a whopping $4 billion. Not only have the first two movies satisfied Star Wars fans, but have been huge box office successes for Disney. Disney is likely to continue to pump out a new Star Wars movie every year for years to come. If Disney can keep putting its Midas Touch on the Star Wars franchise, the future is very bright for the company’s movie segment, and the overall company as a whole.


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Michael Fowlkes

Michael Fowlkes is a financial writer who has been with the Fresh Brewed Media family since 2004. Over the course of his tenure with Fresh Brewed Media, he has worn many hats, including portfolio manager, options analyst, and writer. Michael received his undergraduate degree from Virginia Tech in Accounting and got his start in finance working as a stock trader for six years at Chase Investment Counsel in Charlottesville, Va.