Verizon's Big Bet With Disney Pays Off

When Disney (NYSE: DIS) launched its flagship streaming platform Disney+ just over a year ago, Verizon Communications (NYSE: VZ) made a big, if somewhat calculated, bet on the nascent service. Just prior to its launch, Verizon teamed up with the House of Mouse to offer Disney+ free for one year. The offer was available to both new and existing customers choosing the Verizon Unlimited plan, as well as new 5G Home and Fios internet customers. 

A little more than a year later, the results are exceeding Verizon's wildest dreams.

Image source: Getty Images.

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Source Fool.com