Great or Just Good? Wall Street Parses the Disney+ 50 Million Milestone [THR]

Great or Just Good? Wall Street Parses the Disney+ 50 Million Milestone [THR]

By Georg Szalai

April 9, 2020 | With The Walt Disney Co. late Wednesday disclosing that its streaming service Disney+ has surpassed the 50 million paid subscriber milestone globally, several Wall Street analysts highlighted that the streamer was performing ahead of expectations and bringing the Hollywood giant some much-needed positive news amid the coronavirus pandemic.

“With Disney+ set to launch imminently in some of the major Asia Pacific markets, and soon thereafter across other international markets in Eastern Europe and Latin America, we see the nascent service tracking well ahead of Disney’s initial target of 60 million to 90 million subscribers by the end of the fifth year,” CFRA Research analyst Tuna Amobi wrote in a report.

Read more on The Hollywood Reporter.

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