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NewsBreak: Disney+ Tops 10M Subscribers on First Day; Disney Shares Jump

Stock Markets Nov 13, 2019 12:34PM ET
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© Reuters.

Investing.com – Disney said Wednesday its Disney+ plus streaming service surpassed 10 million subscribers on its debut yesterday, sending shares to session highs.

  • Shares of Disney (NYSE:DIS) jumped sharply after the announcement, rising 3.2% in midday trading.
  • Wall Street was looking for about 8 million subscribers for the first day.
  • Disney is offering a one-week free trial of the service, so not all current subscribers will convert to paying memberships.
  • NewsBreak: Disney+ Tops 10M Subscribers on First Day; Disney Shares Jump
     

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    Comments (2)
    Lisa Wheelock
    Lisa Wheelock Nov 13, 2019 2:49PM ET
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    Gotta take into account Verizon's offer of 1 year free! I know many who jumped on that one, self included.
    Dennis Kibiworth
    Dennis Kibiworth Nov 13, 2019 12:34PM ET
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    Awesome
    Sardar Ali Raza Naqvi
    Sardar Ali Raza Naqvi Nov 13, 2019 12:34PM ET
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    Just subscribers doesn't mean earning from paid subscription
    I TOLD YOU
    I TOLD YOU Nov 13, 2019 12:34PM ET
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    Sardar do your surf?
    Nick Burns
    Nick Burns Nov 13, 2019 12:34PM ET
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    8mil is probably just 1/3 of Star war fans alone I can see at least 20 to 80 mil subs by q3
    Nick Burns
    Nick Burns Nov 13, 2019 12:34PM ET
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    next year
     
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