Disney to Launch International Streaming Service Under the Star Brand

Walt Disney's (NYSE: DIS) bombed third quarter had at least some positive news for investors, and one of the highlights was the strength of the company's streaming networks during the pandemic. Disney+ exceeded expectations, growing to more than 60 million subscriptions in under a year, and together with Hulu and ESPN+ the company has over 100 million subscribers.

Seeing an opportunity, CEO Bob Chapek said Disney will be launching a new streaming service aimed at general audiences under its Star brand.

Image source: Getty Images.

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Source Fool.com