DIS - This 1 Chart Shows Why Disney Still Has a Chance in the Streaming Wars
2024-03-12 05:50:00 ET
Disney (NYSE: DIS) is the largest name in global entertainment, and that's not limited to its unmatched theme parks. It has an equally impressive content library, most of which is available to watch on its flagship Disney+ premium streaming channel.
Although streaming is an incredibly crowded field, Disney quickly became a leader in the space, and it remains one to this day. However, skyrocketing expenses in the streaming business led to a major shakeup at the company last year with Bob Iger regaining the title of CEO and major efforts to cut costs at Disney+. In the meantime, subscriber growth has slowed. There's a lot going on, but this chart clearly illustrates why investors should still have confidence in Disney's streaming future.
Part of the problem for the entire streaming industry is that there's a limited number of eyeballs. Disney entered streaming at a relatively early phase, but every major studio wanted in on this opportunity. Most of the early-stage growth has been claimed, and now, streaming services are competing for the same viewers in a saturated market.
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This 1 Chart Shows Why Disney Still Has a Chance in the Streaming Wars