Disney stocks tumble: 'Frozen' film maker feels the cold from Bernstein note

Frozen remains one of Disney's hottest properties, but the US TV industry is a different story

Disney has had its stock downgraded for the second time this week by a major Wall Street research firm on concerns of declining television subscriptions.

Bernstein analyst Todd Juenger downgraded Disney to “Market Perform” from “Outperform”, saying the US television industry is entering a period of “prolonged structural decline”.

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