Walt Disney Co. has warned that pandemic-related production delays may impact its Disney+ subscriber numbers for the current quarter, but the media company...
Walt Disney Co. has warned that pandemic-related production delays may impact its Disney+ subscriber numbers for the current quarter, but the media company could be facing more “structural” problems in streaming despite its red-hot entry into the market.
Disney shares are off 3.4% in midday trading, enough to pace the Dow Jones Industrial Average’s DJIA, -0.14% decliners. The stock’s $6.04 price decline was shaving about 40 points off the Dow’s price, while the Dow was down 37 points, or 0.1%. He’s seen a “limited impact” to date from Disney’s other attempts at geographic expansion, pointing to the company’s Star+ streaming offering in Europe and Latin America.
While Disney’s programming in general gets a positive reception from consumers, the company trails competitors on an absolute basis in terms of its number of highly rated programs, according to a Barclays analysis.
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