Paris Hilton is no longer known for reality television fame. She has a new vision: “building the future Disney”.
The pop-culture icon told CNBC that “Bob Iger’s vision of Disney and my own 11:11 Media are the same.”
In 2021, Hilton and Bruce Gersh founded 11:11 media with an expert in the entertainment industry. This company’s shares are currently not available to the public.
Hilton’s Vision for 11:11 media
Paris Hilton, currently chief executive officer of 11:11 Media said that the company aims to be an entertainment empire which seamlessly integrates “commerce and communities and build this ecosystem that includes everything from TV to video to audio products to the Metaverse”.
The media personality said that her ambition and entrepreneurial spirit are a result of her family legacy in her CNBC interview. She added, “Business is really something that runs through my blood.”
She is also the great granddaughter of Conrad Hilton Hilton Hotels founder. She doesn’t just want to be called the “heiress”
She added, “I would like to be called Paris.”
It is much easier to say than do: Building Disney’s next Disney.
Hilton’s ambitious plans sound exciting but it is more difficult to replicate the Walt Disney Co. (NYSE:DIS), at least financially.
The mass media giant saw its annual net income rise by 23 percent, helping revenues to come in higher than expected at $24,69 billion.
After adjusting for the one-time charges of restructuring and impairment related to Hulu, New York’s listed firm made $1.76 per share in Q1 – well above $1.45 that analysts had predicted.
The company also pays out a current dividend yield of 1.18 percent. Hilton will have a lot of work to do if she wants to create the next Disney.
Why should you buy Disney shares today?
Disney’s stock price has fallen over the last two months amid the wider volatility caused by Trump’s tariffs, and subsequently the emerging trade war.
Wall Street is still as bullish on this multinational media and entertainment company. Disney’s shares are currently rated overweight by the consensus.
Analysts’ average price targets for DIS are $123 at the time of writing. This indicates a potential gain of almost 50% over current levels.
It is possible to make a good return on Disney shares if you buy them at a discount in 2025.
Disney’s operating income attributable to its entertainment division is expected to increase by double-digits in fiscal 2025 as direct-to consumer sales reach $875 millions.
The information in this post Paris Hilton wants to build the “next Disney”: Find out more could be updated as new developments unfold.
