Is Disney+ in a Sophomore Slump That Nobody's Talking About?
Life is surprisingly pretty good for the House of Mouse if you're a shareholder. Walt Disney (NYSE: DIS) stock hit all-time highs on Friday, and a big reason for the media giant's success is its wildly successful premium video streaming service. Disney+ checked in with 73.7 million paying subscribers when it blew out its first birthday candle last month, a jaw-dropping achievement for any premium platform.
When it launched 13 months ago its goal was to be a presence in 60 million to 90 million homes by 2024. It nailed its five-year plan in its first year. Expectations are understandably high at this point, and that could prove dangerous. Let's go over some of the reasons why growth at Disney+ should decelerate substantially at this point.
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Source Fool.com
