The Disney+ Price Hike Is Working Out Better Than Planned
Disney's (NYSE: DIS) streaming price hike is doing exactly what management had hoped for.
The media giant raised its prices across the board late last year, pushing Disney+, Hulu, and ESPN+ subscribers to pay more each month. Naturally, investors expected subscriber growth to slow to a halt, and management provided an outlook for modest subscriber growth for the first quarter. But Disney managed to outperform, notably adding 1.4 million Disney+ core subscribers, including 200,000 domestic subscribers.
There are several areas where Disney's price hikes are working out better than expected for investors. Here's how.
Source Fool.com
