Heigh-ho, Heigh-ho, off to stream we go.Disney’s (DIS) new streaming service, Disney+, launched on November 12, with fireworks going off and stardust being sprinkled across the network. With 10 million sign ups in less than 48 hours, Disney shares reached a new all-time-high the following day.The numbers immediately establish Disney as among the leaders in the streaming industry. With Disney owned Hulu’s 26.8 million subscribers and ESPN’s 3.5 million, Disney has over 40 million viewers. Industry leader Netflix, by comparison, has 60 million.The move into streaming seems to be a shrewd one from the family entertainment colossus, as not only …read more
Source:: Yahoo Finance
