𝙳𝚒𝚜𝚗𝚎𝚢'𝚜 𝚂𝚝𝚛𝚎𝚊𝚖𝚒𝚗𝚐 𝙶𝚛𝚘𝚠𝚝𝚑 𝚂𝚝𝚊𝚕𝚕𝚜, 𝟸𝟶𝟸𝟺 𝚃𝚊𝚛𝚐𝚎𝚝𝚜 𝙻𝚘𝚘𝚔 𝚃𝚘𝚞𝚐𝚑
There aren't many better times to launch a family-friendly streaming service than 4 months before everyone gets locked inside — and it showed for Disney.
After launching in November 2019, Disney+ went on to hit 100 million subscribers in record time. People were watching more content than ever, and Disney felt confident it could raise its targets. It settled on a goal of between 230 million and 260 million subscribers by the end of 2024.
The good news for Disney is that its Parks division swung back into profit, thanks to a doubling of its revenue compared to this time last year. The bad news is that the stock market didn't seem to care, with the focus presumably on the streaming slowdown, which sent Disney's shares down more than 7% yesterday.
𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐
