From time to time, we get some updates about how some of these changes have impacted the Company financially and what potential new changes might be on the horizon. We’re about to get more of those updates soon with Disney’s upcoming quarterly earnings call. And two days ahead of the call, things are changing with Disney’s stock.
On December 10th, Disney held its annual Investor Day conference, providing fans and investors alike with HUGE updates on Disney+, direct-to-consumer streaming, and some of Disney’s investment strategies moving forward.
Just a few days before Investor Day, Disney’s stock hit some of the highest trading values it’s had all year, and now, following its Investor Day announcements, Disney’s stock value has soared again!
The Company also shared that Disney+ has surpassed 86 MILLION subscribers and now expects that it will get MILLIONS more in the next few years. Just how many subscribers does Disney expect to get and how much money is it spending on new content? We’re breaking it down for you here.
This year has been filled with challenges, and that’s certainly true for The Walt Disney Company as well.
We’ve seen a massive restructuring in the entertainment aspect of the company; and Disney theme parks around the world temporarily closed, some reopened, and then some closed again. We’ve also seen large layoffs announced for the Parks, Experiences and Products division. But, today, just days ahead of Disney’s Virtual Investor Day, Disney stock is trading at some of the highest values its seen all year.