Disney investors are hoping for positive news later this week. Despite closing the theme parks and interruptions in live-action filming, the Walt Disney Company has managed to adapt to challenges in the past year. By maintaining a diverse portfolio of entertainment assets, financial analysts are expecting strong first-quarter results on Thursday.
The Walt Disney Company certainly made a big splash in December during an investor day briefing. The surge in announcements pertaining to the company’s Disney+ streaming service gave confidence to both consumers and investors.
“We were wrong…We were simply blown away on investor day by the depth of content being created for Disney+ and the dollars behind it. Increasing content spread on Disney+ to over $8 billion by 2024 compared to a target of $4 billion set just a year ago is a dramatic acceleration.”
-Richard Greenfield, Lightshed Partners analyst.
In coming years, Disney+ will be home to 10 new Marvel series, 10 new Star Wars series, and 15 animated Disney-Pixar films branded as Disney+ Original.
As of December 2nd, Disney+ had 86.8 million paid subscribers, and Disney expects that figure to balloon to 230-260 million by end of 2024. Plenty of analysts are looking forward to sustained growth in the company’s investor value.
Related: Rob Gronkowski Celebrates Super Bowl Victory at Most Magical Place on Earth
Source: Marketwatch
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