fbpx

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.

 

4000+ Faith Based Articles and Movie Reviews – Will you Support Us?

Our small team works tirelessly to provide resources to protect families from harmful media, reviewing 415 movies/shows and writing 3,626 uplifting articles this year. We believe that the gospel can transform entertainment. That’s why we emphasize positive and faith-filled articles and entertainment news, and release hundreds of Christian movie reviews to the public, for free. No paywalls, just trusted, biblically sound content to bless you and your family. Online, Movieguide is the closest thing to a biblical entertainment expert at your fingertips. As a reader-funded operation, we welcome any and all contributions – so if you can, please give something. It won’t take more than 52 seconds (we timed it for you). Thank you.

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


4000+ Faith Based Articles and Movie Reviews – Will you Support Us?

Our small team works tirelessly to provide resources to protect families from harmful media, reviewing 415 movies/shows and writing 3,626 uplifting articles this year. We believe that the gospel can transform entertainment. That’s why we emphasize positive and faith-filled articles and entertainment news, and release hundreds of Christian movie reviews to the public, for free. No paywalls, just trusted, biblically sound content to bless you and your family. Online, Movieguide is the closest thing to a biblical entertainment expert at your fingertips. As a reader-funded operation, we welcome any and all contributions – so if you can, please give something. It won’t take more than 52 seconds (we timed it for you). Thank you.