Unintentionally fortuitous timing for Disney+ bolstered DIS during the pandemic. What’s next for the stock?
The Walt Disney Company saw its stock climb to a close of $181.16, just a couple dollars short of its 52-week/all-time high of 183.40. After-hours trading saw the stock go as high as $183.97!
Photo: Disney
Disney expects to discuss fiscal first quarter 2021 financial results via audio webstream on February 11.
Today, they doubled down on a “Fool Live” video clip, in which two of their analysts talk about post-pandemic Disney and how The Mouse might be more powerful than ever.
Jason Hall said:
People are going to be paying to watch The Avengers, people are going to be paying to watch Star Wars, they’re going to be paying to watch all of the Disney-branded content a century from now, whatever medium it’s being produced on. People are going to be going in person to its theme parks. The company has this amazing, amazing pricing power, and I think it’s easier to sleep on how much pricing power that it has. Right now they are testing that pricing power with Disney+.
Matt Frankel, added:
[Disney] couldn’t have timed [the debut of Disney+] better. Their adoption accelerated, so they’re going to come out of this pandemic with this new multi-billion-dollar revenue stream they didn’t have before, and demand for their legacy products if you can even call them that, are going to be just as strong as ever.
Disney has started a global battle with Netflix (NFLX). So far, Disney+ has 86.8 million subscribers and the entertainment giant plans to triple the number of subscribers over the next four fiscal years. Disney is also launching a general entertainment content offering under the Star brand, which will be placed on Disney+ with a Star banner in Europe, Canada, Australia, New Zealand, and Singapore.
We’ll have the low down on Thursday.
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A graduate of Boston and Northeastern universities, John Bishop, became the beat reporter for BostonBruins.com before the B’s 2006-07 hockey season. While with the Bruins, “Bish” traveled North America and Europe to cover the Black & Gold’s every move via laptop, blog, and smartphone. The co-author of two books, Bygone Boston and Full 60 to History: The Inside Story of the 2011 Stanley Cup Champion Boston Bruins, John covered the XXI Olympic Winter Games in Vancouver in 2010 and the B’s 2011 championship run and banner raising before taking a faculty/communications position at a prep school outside Boston in 2013. He lives with his wife Andrea, and sons Jack, Scott, and Luke, in central Massachusetts.
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