Connect with us

Hi, what are you looking for?

Stock

Disney Up 1.5% On Crossing Streaming Milestone, Parks Reopening Plan

Stock Markets1 hour ago (Mar 10, 2021 08:36AM ET)

(C) Reuters

By Dhirendra Tripathi

Investing.com – Walt Disney (NYSE:DIS) stock was up 1.5% in premarket trading Wednesday as a new update showed the company’s streaming service on track to meet its target of 260 million subscribers by 2024.

The entertainment giant’s new freedom to reopen its California parks in April after a winter closed due to the Covid-19 shutdown has also supported the stock in recent sessions.

Disney+, a response to Netflix’s disruption of the market, has signed up more than 100 million paying subscribers around the world in its first 16 months, Reuters quoted its Chief Executive Bob Chapek as saying at its annual shareholder meeting on Tuesday.

Streaming has thrived in the last year, while Disney’s main sources of cash – movie theaters, cruises and theme parks – have all been badly hit by the pandemic.

Chapek said it would take a few weeks to call back 10,000 furloughed employees to its two theme parks at Disneyland Resort in Anaheim and train them in new virus safety procedures.

In addition, Disney might be able to resume some cruise ship operations in the fall, Chapek said, according to the Reuters report.

The company also aims to reinstate dividend payments, which were suspended during the pandemic, “at some point” in the future, Chapek said.

Disney Up 1.5% On Crossing Streaming Milestone, Parks Reopening Plan

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Uncategorized

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt.

Uncategorized

Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione.

Uncategorized

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum.

Uncategorized

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora.

Disclaimer: Buzzclever.com it's managers and its employees (collectively "The Company") do not make any guarantee or warranty about what is advertised or above. Information provided by this website is for research purposes only and should not be considered as personalized financial or health advice. Copyright © 2021 Buzz Clever. All Rights Reserved