Disney soars to record high after laying out the details of its new streaming service

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Disney shares soared more than 10% on Friday after the company gave details about its new streaming service.

during the company's investor day on Thursday.

Disney anticipates the service will include 25 original series and 10 movies and specials in the first year, in addition to the more than 400 titles from its library. The entertainment giants sees 90 million households subscribing to the service, which it expects to achieve profitability in 2024.

 

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