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The Disney media giant announced last week its new video streaming platform and competitor Netflix, Disney +. His stock rose 12% and had his best day since May 2009.
CNBC: Disney action on April 15, 2019
Disney +, which will officially start in mid-November, will start at $ 6.99 a month, or about $ 70 a year. Disney plans to use it to present his popular material, including the "Star Wars" franchise. The company also plans to spend about $ 1 billion in original content in 2020 and $ 2 billion by 2024.
Jim Cramer, host of "Mad Money" on CNBC, was excited about the potential of the company: "How not to accept it? It's a reasonable price. You have an amazing library. We all bought these software, every Disney property. [For] My children, it was a bit of a rite of passage, "he said.Iger" turned this company into a stock of growth, what people say: "Finally, I have one with profits , with a sheet balance, with a big CEO; I no longer have to take the risk. That's what this story is …. Sensational .Sense.
Nevertheless, although Disney shares have increased recently and have generally performed well over the years, any individual stock may outperform or underperform and recent returns may not predict future results.
Some analysts believe that Disney's goals are too ambitious and that it will be difficult for their streaming service to disrupt major players like Amazon and Netflix. "We do not consider Disney + as a strong alternative to Netflix," said Matthew Thornton, a technical analyst at Suntrust's banking holding company. "Disney + offers family content, while Netflix offers a much wider range of content with the majority of the most sought-after content on the platform."
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