<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="But the big story regarding Disney has to do with its massive streaming service overhaul, anchored by the coming Disney+ network which will allow subscribers access to the Star Wars franchise, Pixar films and all things Disney. Distribution for Disney+ will also be allotted to Amazon Prime (AMZN), Samsung and LG. Disney also plans to bundle its Hulu streaming service with Fox Corp’s (FOXA) FX.” data-reactid=”19″>But the big story regarding Disney has to do with its massive streaming service overhaul, anchored by the coming Disney+ network which will allow subscribers access to the Star Wars franchise, Pixar films and all things Disney. Distribution for Disney+ will also be allotted to Amazon Prime (AMZN), Samsung and LG. Disney also plans to bundle its Hulu streaming service with Fox Corp’s (FOXA) FX.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="That’s a lot of heavy lifting, and the questions it had raised is likely part of the poor showing Disney has endured from analysts of late. However, with its strong showing in its latest quarterly report, Disney may be putting many investors’ minds at ease. After all, with Disney’s massive library of popular content, its move into streaming territory seems like a good decision — progressing into the new world of home entertainment and taking on Netflix (NFLX), as only a select few companies could even dare to attempt.” data-reactid=”20″>That’s a lot of heavy lifting, and the questions it had raised is likely part of the poor showing Disney has endured from analysts of late. However, with its strong showing in its latest quarterly report, Disney may be putting many investors’ minds at ease. After all, with Disney’s massive library of popular content, its move into streaming territory seems like a good decision — progressing into the new world of home entertainment and taking on Netflix (NFLX), as only a select few companies could even dare to attempt.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Add in a stellar showing from its Parks, Experiences and Products segment — which grew an impressive 17% year over year — Disney looks to have closed out its fiscal year with real strength. These types of gains go a long way toward investors embracing the company’s big move into streaming services.” data-reactid=”21″>Add in a stellar showing from its Parks, Experiences and Products segment — which grew an impressive 17% year over year — Disney looks to have closed out its fiscal year with real strength. These types of gains go a long way toward investors embracing the company’s big move into streaming services.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Yet Disney’s Hulu service gained fewer-than-expected subscribers in the quarter. Its total came in around 500K, which is not insubstantial, but in this modern age of cord-cutting, analysts were looking for more. On the other side, Disney’s ESPN+ brought in 3.5 million new subscribers, way up from the 2.4 million reported in the August quarter. And ESPN had long been the albatross around the neck of Disney’s earnings reports; streaming looks to be at least a near-term salve for this department.” data-reactid=”22″>Yet Disney’s Hulu service gained fewer-than-expected subscribers in the quarter. Its total came in around 500K, which is not insubstantial, but in this modern age of cord-cutting, analysts were looking for more. On the other side, Disney’s ESPN+ brought in 3.5 million new subscribers, way up from the 2.4 million reported in the August quarter. And ESPN had long been the albatross around the neck of Disney’s earnings reports; streaming looks to be at least a near-term salve for this department.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Shares are up 6.5% in today’s pre-market, after having gained 5% following its Q4 release in the after-market yesterday. We look for upgrades to its Zacks Rank and Style Score as analysts process quarterly results. For more on DIS’ earnings, click here.” data-reactid=”23″>Shares are up 6.5% in today’s pre-market, after having gained 5% following its Q4 release in the after-market yesterday. We look for upgrades to its Zacks Rank and Style Score as analysts process quarterly results. For more on DIS’ earnings, click here.
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Zacks Investment Research” data-reactid=”24″>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The Walt Disney Company (DIS) : Free Stock Analysis Report
Netflix, Inc. (NFLX) : Free Stock Analysis Report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Fox Corporation (FOXA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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