Walt Disney stock ( NYSE:DIS ) is well-positioned to weather an economic slump.
Much of the market is feeling the pull as US inflation remains persistently high, and federal interest rates are likely to rise over 5% in 2023. The S&P 500 (SNPINDEX: GSPC) has been down 20% since the beginning of 2022, but entertainment firms, in particular, are struggling. Netflix has plummeted 51% this year, while Warner Bros. Discovery has been down 47% in the same time frame. Disney stock ( NYSE:DIS ) has done better but is still down 33%.
Disney Stock: Disney’s Streaming Business Is Expanding.
Walt Disney’s foray into the streaming industry began in earnest in 2009, when it bought a 27% share in Hulu. Since then, Disney has introduced ESPN+ and Disney+. Walt Disney also owns the India-focused streaming service Disney+ Hotstar and a 66% share in Hulu, with intentions to assume full control by the end of 2024.
Disney has approximately 221 million streaming users worldwide, behind global leader Netflix, which has 223 million members. However, other industry experts predict that Disney+ alone will have 284.2 million users worldwide by 2026, with Netflix behind at 270.7 million.
Disney Stock: Disney+ Is Introducing an Advertising Tier.
Disney will soon launch an ad-supported tier for Disney+ , presumably to entice new consumers.
On December 8, 2022, the $7.99-per-month Disney+ Basic (With Ads) subscription will launch, providing full access to its collection of series and movies with around four to five minutes of ads for each hour of programming. Furthermore, no advertisements will run against children&#...<br><br><a href="https://pressreach.com/investing-news/is-it-good-time-to-buy-disney-stock/" target="_blank">Click here to read the full article on PressReach.com</a>.</br></br>Subscribe to the PressReach RSS feeds:</br><ul><li><a href="https://pressreach.com/category/featured-news/feed" target="_blank">Featured News RSS feed</a></li><li><a href="https://pressreach.com/category/investing-news/feed" target="_blank">Investing News RSS feed</a></li><li><a href="https://pressreach.com/feed" target="_blank">Daily Press Releases RSS feed</a></li> <li><a href="https://pressreach.com/category/trading-tips/feed" target="_blank">Trading Tips RSS feed</a></li><li><a href="https://pressreach.com/category/investing-videos/feed" target="_blank">Investing Videos RSS feed</a></li></ul> <p>Follow PressReach on <a href="https://twitter.com/press_reach/" target="_blank">Twitter</a> <br>Follow PressReach on <a href="https://www.tiktok.com/@pressreach" target="_blank">TikTok</a> <br>Follow PressReach on <a href="https://www.instagram.com/press_reach/" target="_blank">Instagram</a> <br>Subscribe to us on <a href="https://www.youtube.com/channel/UCc-K2GhMVA1qvqLb9tpm2Zw" target="_blank">Youtube</a></p>