What Disney+ needs more than anything: A hit
CNN
Disney reported Wednesday that its streaming growth slowed dramatically last quarter, sending shares of the company down as much as 8.5% Thursday morning.
Disney reported Wednesday that its streaming growth slowed dramatically last quarter, sending shares of the company down as much as 8.5% on Thursday morning. No surprise there: Disney's (DIS) media empire may stretch to parks, cable networks and films, but right now its stock is tied to the success of its streaming business — especially Disney+.
After keeping the company afloat during the pandemic, when theme parks and movie theaters were forced to close, the company's streaming business has slowed. Wall Street is concerned, as the company's stock slide after Wednesday earnings release showed.