Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Disney Reportedly Mulls Launching Amazon-Prime Rival Membership Program: DJ

Published 08/31/2022, 04:49 PM
Updated 08/31/2022, 04:51 PM
© Reuters

By Yasin Ebrahim

Investing.com - Disney is reportedly mulling the launch of a membership program that could rival Amazon (NASDAQ:AMZN) Prime and encourage customers to spend more on its streaming service, theme parks, resorts and merchandise, Dow Jones reported, citing unnamed sources.

Walt Disney Company (NYSE:DIS) was up nearly 2% in afterhours trading.

Discussion about the program, which has been referred to as "Disney Prime" internally, according to the sources, remains at an early stage, Dow Jones reported. There wasn't much information about how much the company would charge for the membership program or how long it would take to launch.

The report comes just weeks after activist investor Daniel Loeb took a new stake in the company and called on it to consider cutting costs, acquire all of Hulu, and spin off its sports network ESPN.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.