Gene Del Vecchio In its most recent quarterly earnings report, Disney announced that the number of Disney Plus paid subscribers swelled to 116 million as of July 3.
Wall Street noticed, as one headline from a financial publication shouted, “Disney Stock Leaps After Earnings Blowout.” Since the introduction of Disney Plus on Nov.
12, 2019, Disney shares price has climbed from $138 to $177 as of Aug. 23.Wall Street always wants more, and Disney will be addicted to increasing subscriptions even if it means sacrificing theatrical revenue.
That’s because math favors Disney Plus. The revenue generated by the 116 million Disney Plus subscribers, at a discounted monthly subscription fee that averages $4.16 each, will generate $5.79 billion.
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