As per reports and predictably so, the braintrust at The Walt Disney Company (DIS) is now set to raise your monthly subscription price for the Disney+ streaming service to $7.99 per month in March 2021, making it the first price hike since the service launched in November 2019. Basically, Disney is saying that you may have it your way but you are going to pay us dearly for it folks…This is the same move that Netflix (NFLX) and your local politicians have been making for years as they seek to increase their earnings and dig further into your pocketbooks. You may be wishing for complicated cable bill again soon as all of these services may give you choices, but will end up costing you more in the end…as it usually does when you have it “your way”.
Disney’s news came in at its 2020 Investor Day event toward the end of a four-hour presentation, where the news of new original content coming to Disney+, Hulu, and ESPN+ in the next two years was also disclosed, making the streaming even more costly for Disney in 2021 than in 2020.
Disney informed that its streaming service now has 86.8 million paying subscribers as of Dec. 2, Hulu has 38.8 million, and ESPN+ has 11.5 million. The company aggressively hiked its Disney+ subscriber projections for the end of 2024 to a range of 230 million to 260 million globally an increase from its own guidance of 60 million to 90 million given in April 2019.
With this in mind, shares of The Walt Disney Company (DIS) may be an interesting stocking stuffer for your holidays and long-term portfolios.
Dow 30 Component, The Walt Disney Company (DIS), and its subsidiaries is a diversified worldwide entertainment company that operates in four business segments: Studio Entertainment, Media Networks, Parks and Resorts, and Consumer Products & Interactive Media. To learn more about this Dow 30 Component, The Walt Disney Company (DIS), and to continue to track its progress please visit the Vista Partners Walt Disney Company, Coverage Page.
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