Disney+ Is a Hit -- and It Yields an Unexpected Beneficiary

It's been two weeks since the highly anticipated launch of Disney's (NYSE: DIS) new streaming service Disney+. While there were some unsurprising first-day technical glitches, strong demand from fans attracted more than 10 million subscribers the first day and drove Disney stock to new all-time highs.

Many suspected that the strong showing would have a negative impact on some of the existing streaming services. It turns out that may not be the case. In fact, two weeks post launch, not only is Disney+ thriving, recent data suggests a surprising beneficiary from Disney's entry into the streaming space.

Image source: Disney.https://dtcimedia.disney.com/disney-plus/images

Source Fool.com