Disney stock price rallies on a bigger focus on streaming

The Walt Disney Company (NYSE: DIS) has announced a major reorganizing of its media and entertainment units to place a bigger focus on its streaming business.  Fundamental analysis: All-in bet on streaming Disney made an announcement yesterday that it is working to streamline its media operations into a single business unit. As of now, one company will take care of content distribution, ad sales and its streaming platform Disney+. This is an apparent move to bet almost all-in on the streaming business. Disney’s business took a battering amid the coronavirus pandemic as it forced its theatres and parks to close.