streaming-subscriber updates — and no one seems all that concerned about increasing prices.Disney’s stock price closed Thursday at 4 p.m.
ET at $154.69 per share. It is now up double digits on a percentage basis from that.The stock first popped after-hours and very early on into the company’s four-plus-hour Investor Day 2020, when the Disney+ subscriber count was announced.
Momentum continued throughout the evening and into this morning.Also Read: Disney's $16 Billion-Plus Bet: An Avalanche of New Content for Streaming - and Movie Theaters TooThe valuation is certainly soaring — but so is the spending.Disney+ spent about $2 billion on content in 2020, according to CFO Christine M.
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