Markets reacted positively to Disney’s newly-found laser focus on streaming, pushing the company’s stock price up nearly 5%. Disney announced a restructure of its media and entertainment arms in a Monday press release. The move centralizes those businesses into one entity that will oversee all distribution and monetization of Disney content, including its streaming platform Disney+. This will mean a significant boost in funding for original content. Disney’s pivot comes at the tail end of a tough year for the entertainment giant. Rolling COVID lockdowns in March obliterated its Parks, Experiences, and Products department, forcing the company to report a…
This story continues at The Next Web
Or just read more coverage about: Netflix
Disney wants Netflix’s throne, and the Wall Street crowd is into it
The Next Web
0 shares
2 views
You might like
Related news coverage
Apple, Alphabet, Amazon and Facebook release earnings in blockbuster Thursday
The US earnings calendar is entering a blockbuster day on Thursday, with the majority of the FAANG set of tech giants scheduled to..
Proactive Investors