With superheroes and sci-fi, Disney+ outlook bright
The Peninsula
Slow subscriber growth at Walt Disney Co's streaming service in the last quarter was a speed bump as a slate of Marvel superhero films and sci-fi thrillers from the Hollywood powerhouse will attract new fans, analysts said.
The positive comments come a day after Disney+, the streaming service the company launched late in 2019, failed to reach as many subscribers by early April as Wall Street had estimated. Disney shares fell 3.3% in premarket trading on Friday. Disney+ is late to streaming, dominated for years by Netflix Inc, but it can afford to spend at a slower pace on new content than rivals such as Apple Inc, drawing instead from a deep well of older, but popular content.More Related News