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Disney draws second upgrade in two days as Wall Street eagerly awaits streaming service launch cnbc.com BMO Capital Markets upgrades Walt Disney Co. to outperform and tells clients to expect 20% upside over the next 12 months.
“When we upgraded Disney to Market Perform from underperform in April 2018, we noted a lack of catalysts: that is now changing,” Daniel Salmon tells clients.
Wall Street expects Disney to detail its hotly anticipated new streaming service, Disney+, at its investor day on Thursday.
Disney Prices New Streaming Service at $6.99 a Month
Disney+ is set to launch in November and offer subscribers ad-free viewing
By Updated April 11, 2019 8:54 p.m. ET
LOS ANGELES—Walt Disney Co.’s new streaming service, Disney+, will launch in November at a price of $6.99 a month, the company told investors Thursday, positioning the offering as an affordable addition to the streaming marketplace.
The linchpin of Disney’s streaming strategy, Disney+ will be an ad-free subscription service anchored by programming based on Disney’s biggest franchises, including “Star Wars” and Marvel Studios, as well as original programming. Its price—it will also be offered for an annual payment of $69.99—is...
Disney has a 'major advantage' as the streaming war heats up, says RBC's Mark Mahaney
Disney's back catalog gives it a leg up over incumbent competitors such as Netflix, which has to spend more to differentiate their service with original content, according to RBC Capital Market's Mark Mahaney. cnbc.com
I am thinking of moving this board to the home page with tech stocks, it gets more views and since they are now streaming I would consider it technology. Any objections before I move it? Or do you want to leave it where it is? Please advise.
There's a long article in Barron's dated yesterday.
Disney's Streaming Goals — Barrons.com
by Dow Jones & Company, Inc.
9:54 PM ET 04/12/2019
Walt Disney finally did it. After spending the bulk of the past four years stuck between about $100 and $120 a share, an 11.5% pop on Friday sent it smashing through the roof. Disney ( DIS ) finished the day at $130.04, its highest close ever.
When Walt Disney’s “Avengers: Endgame” opens Thursday night in the widest release ever—4,600 theaters in the U.S. and Canada—the Marvel Studios’ superheroes will muscle competitors out of the multiplex.
Disney had hoped Fox’s cluster of 22 regional sports networks would garner about $20 billion — but they fell short of that goal. A hoped-for frenzied bidding war failed to materialize because such major entertainment companies as Comcast Corp., AT&T Inc.’s WarnerMedia and even Fox Corp. sat on the sidelines.