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December 12, 2020 05:34 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/U5drzbqSCiE/disney-stock-skyrockets-13-friday-to-new-all-time-high
Disney Stock Skyrockets 13% Friday to New All-Time High
CNN reports:If it wasn't abundantly clear that content is king, especially in the Covid-19 era, Disney hammered that point home Thursday when it previewed dozens of new series and movies for its Disney+ streaming service. And investors are loving it. Shares of Disney jumped 13% Friday to a new all-time high. The stock is now up more than 20% this year, an impressive feat given that the pandemic has wreaked havoc on Disney's theme park business and forced its movie studios to delay big releases in theaters. Investors are clearly betting that the streaming strength will offset any lingering weakness in other areas of the House of Mouse empire: Disney raised its forecast for subscriber growth and is upping prices for Disney+. Wall Street analysts rushed to upgrade Disney following Thursday's event. At least 13 analysts boosted their price targets on the stock Friday morning.While Disney initially predicted it would have 60-90 million subscribers by 2024, they're now predicting 230-260 million, CNN reported earlier this week. "The sheer scale of content announced on Thursday was a loud reminder to the rest of the streaming world that Disney+ had an amazing year, acting as a lifeboat to a company ravaged by coronavirus, and that Disney is fully committed to the future of streaming." Besides the two new Star Wars series announced this week, Disney also announced several new series based on Marvel comic book characters: "The Falcon and the Winter Soldier" and "WandaVision" Samuel L. Jackson (as Nick Fury) in "Secret Invasion" Don Cheadle as War Machine in "Armor Wars" More Marvel-based shows about Hawkeye, Moon Knight, "Ironheart" Riri Williams, She Hulk, and Ms. Marvel A series of shorts titled "I Am Groot" and a "Guardians of the Galaxy Holiday Special"Other newly-announced Disney+ shows include:A live action Pinocchio starring Tom HanksA reboot of "The Mighty Ducks" starring Emilio EstevezRead more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/U5drzbqSCiE/disney-stock-skyrockets-13-friday-to-new-all-time-high
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