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Disney+ Helps Stock Market Surge After Virus Woes

Photo by Austin Distel on Unsplash

Disney+ Helps Stock Market Surge After Virus Woes

By Allyson Vannatta, Staff Writer

The Walt Disney Company’s stock surged on Thursday to give the Dow the 40-point boost it needed during this down time.

According to MarketWatch, shares of Walt Disney Co. DIS, +3.39% surged 5.4% to pace all of the Dow Jones Industrial Average’s DJIA, +1.22% premarket gainers Thursday.

“We view Disney+ as a core driver to the company’s extensive ecosystem of consumer touchpoints, which we believe will benefit the Parks and Studio once normal operations resume,” wrote J.P. Morgan analyst Alexia Quadrani in a note to clients.

This news comes as Disney+ revealed that the streaming service passed 50 million paid subscribers.

Disney+ recently rolled out in the U.K., Ireland, Austria, Germany, Italy, Spain, Switzerland, and France, according to Variety.

The streaming service quickly hit 5 million app downloads after launching across Europe.

Movieguide® previously reported that Disney+ beat out Netflix for the most downloaded streaming app in the United States this year.

 

Now more than ever we’re bombarded by darkness in media, movies, and TV. Movieguide® has fought back for almost 40 years, working within Hollywood to propel uplifting and positive content. We’re proud to say we’ve collaborated with some of the top industry players to influence and redeem entertainment for Jesus. Still, the most influential person in Hollywood is you. The viewer.

What you listen to, watch, and read has power. Movieguide® wants to give you the resources to empower the good and the beautiful. But we can’t do it alone. We need your support.

You can make a difference with as little as $7. It takes only a moment. If you can, consider supporting our ministry with a monthly gift. Thank you.

Movieguide® is a 501c3 and all donations are tax deductible.


Now more than ever we’re bombarded by darkness in media, movies, and TV. Movieguide® has fought back for almost 40 years, working within Hollywood to propel uplifting and positive content. We’re proud to say we’ve collaborated with some of the top industry players to influence and redeem entertainment for Jesus. Still, the most influential person in Hollywood is you. The viewer.

What you listen to, watch, and read has power. Movieguide® wants to give you the resources to empower the good and the beautiful. But we can’t do it alone. We need your support.

You can make a difference with as little as $7. It takes only a moment. If you can, consider supporting our ministry with a monthly gift. Thank you.

Movieguide® is a 501c3 and all donations are tax deductible.