Disney Shares Climb as Netflix Fall From Disney+ Announcement

Disney Shares Climb as Netflix Fall From Disney+ Announcement

5 years ago
Anonymous $fWzGa1uP8i

https://wccftech.com/disney-shares-climb-as-netflix-fall-from-disney-announcement/

The details on the long-awaited announcement of Disney+ were revealed last night via the Investor Day at The Walt Disney Company (NYSE:DIS). Many of their other IP’s and services were touted first including ESPN and ESPN+ streaming data, Hulu+ (60% stake), and the announcement of Disney+. These streaming solutions are handled by the technology from BAMTech, of which Disney is the largest investor in with their investment of $1.58 billion in 2017. Back in 2017 when they first acquired BAMTech Disney noted their goal of becoming a global streaming giant and later revamped the ESPN streaming services.

This article is meant to review the financial implications of the streaming service, not the individual details of titles around launch and added later. For those details, I would point you to Slide 173 onward from their investor day coverage.

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