Todd Spangler NY Digital EditorShares of Disney popped 8% Friday morning, as investors cheered the Mouse House’s monster-size content flex outlined at its 2020 investor day for stepped-up push to accelerate its global direct-to-consumer streaming offensive.In early trading, Disney stock was trading at $167.13 per share, pushing the company’s market cap to over $300 billion.
Netflix shares were down about 1%, presumably on fears of great competition from Disney.Amid the torrent of Disney’s news yesterday, it announced 105 movies and TV series, 80% of which are pegged for its direct-to-consumer streaming outlets; said Disney Plus reached nearly 87 million global paid customers as of Dec.
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