Disney Is Setting Itself Up For a Monster 2021

In spite of the odds being stacked against its marquee theme-parks business, Disney (NYSE: DIS) had a pretty good 2020 -- thanks in no small part to its direct-to-consumer streaming TV segment. As of Dec. 2, Mickey's magical empire boasted 137 million global streaming subscribers, an incredible 17 million more than just two months prior, at the end of Disney's fiscal 2020. With momentum going strong a little over a year after Disney+ stormed the entertainment world, the company is putting the pedal to the metal and is set for a monster 2021 -- for its business, and for its stock.

It's become clear that Disney sees streaming TV as a central part of its entertainment business, now and in the post-pandemic future. At the company's 2020 investor day in mid-December, CEO Bob Chapek revealed that Disney+ alone had 86.8 million subscribers as of Dec. 2, up from 73.7 million at the beginning of October.

Some 30% of those Disney+ subscribers are in India, where the company debuted its namesake service as Disney+ Hotstar. The big jump in sign-ups can also be attributed to season two of The Mandalorian firing up in November. Based on the massive success of that single show, Disney is ready to roll out more of the goods consumers are craving.

Source Fool.com