Disney Is Doubling Down on This Critical Spending Category
There's little question that streaming video has been the driving force behind Walt Disney's (NYSE: DIS) stock price changes over the past couple of years. At its investor day event in early 2019, the company revealed plans to introduce its Disney+ service, which began an epic run that saw its stock price gain as much as 68% in the two years that followed.
However, slowing subscriber growth over the past couple of quarters has given Disney investors pause, and its once lofty stock price has shed nearly a third of its value since peaking earlier this year.
Disney isn't planning to stand idly by; it recently revealed plans to reinvigorate growth of the company's diamond-in-the-rough.
Source Fool.com
