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LVMHF - Wall Street Breakfast: Disney Ups Ante In Streaming Wars
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Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify.
Disney made a strong entrance into the streaming video wars, reaching 28.6M paying subscribers on Disney+ just three months after its launch. It took Netflix (NFLX), the largest streaming platform, years to reach that number, though it currently has more than 67M subs across the U.S. and Canada. Other highlights... Revenue and profit at Disney's (DIS) film division more than doubled Y/Y to $3.7B, though coronavirus-related closings at