Disney Stock Hits Record High After Company Reports 10M Disney+ Sign-Ups – Update

  • 📰 DEADLINE
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

UPDATED with closing stock price, analyst comments DisneyPlus

That number, which the company ascribed in a press release to “extraordinary consumer demand,” may help explain whyafter launching early Tuesday. The glitches, which the company attributed to unexpectedly high interest that overloaded its technological infrastructure, diminished over the course of the opening day.

, meanwhile, dropped 3% to $283.11. Stock movement overall was generally modest, with the Dow rising a fraction and the S&P 500 and Nasdaq both essentially flat.'The Mandalorian' Preview Review: Is The Force Strong With New Disney+ 'Star Wars' Series? “We expect pay conversion will be a high percentage of these initial sign-ups,” Creutz wrote. “The 10 million sign-ups took the affirmative action to opt in to the service on the very first day it was available.

Another variable is the offer of a bundle, with Disney+, ESPN+ and Hulu’s basic tier. Disney has not shed any light yet on how many of the 10 million sign-ups may have opted for the bundle.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 109. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Disney stock price jumps on Disney Plus sign-up count - Business InsiderThe streaming platform experienced technical difficulties on its launch day due to stronger-than-expected demand. Well it's a free trial at first... That is awesome - voting on for 2020 Disney movie of the year :)
Source: BusinessInsider - 🏆 729. / 51 Read more »

Disney stock could gain 20% as Disney Plus grows, analyst says - Business InsiderBank of America analysts raised their five-year subscriber target for Disney Plus to 90 million, up from 60 million. Just installed the app and already watching! Any “analyst” who thinks disneyplus is going to help Disney in the long run is obviously an idiot. 10M signup means nothing when everyone is complaining about glitchy software, racist contents and lack of new shows.
Source: BusinessInsider - 🏆 729. / 51 Read more »