Quoted from gdonovan:Disney reported last week losing 4 billion in last quarter.
The train is fine.
Yeah?...well, look at the peers in the movie biz, theme park and hotel biz. it's all covid..not the business plan or execution. Also if the company was losing it's ass the stock wouldn't be up 30 percent in the last 3 months. WS analyst are saying the streaming service will be only be second to Netflix.
https://www.cnbc.com/2020/08/05/disney-streaming-subscribers-shows-massive-growth.html
Quote:
A few things worth highlighting: First, it’s not that easy to get subscribers. Just
ask Quibi. HBO Max signed up about 4 million new subscribers in its first two months. Compare that to Disney+, which signed up about 10 million in its first 24 hours. LightShed analyst Rich Greenfield noted that it
it took hulu over 8 years to get to 13 million total subs
it took @Netflix nearly 8 years to add 13 million subs in one year
Disney CEO Bob Chapek said Tuesday that Disney+ now has more than 60 million subscribers