Verizon's Disney+ Partnership Was a Win-Win

Disney (NYSE: DIS) launched Disney+ in the United States in November 2019 and partnered with Verizon (NYSE: VZ) to offer its subscribers a free year of the streaming service. A year later, most of those subscribers have decided it's a service worth paying for and renewed on their own.

More than two-thirds of the initial free trial subscribers kept Disney+, either through paying more on their Verizon bill or upgrading their phone plan to one of Verizon's new unlimited plans that includes Disney+. That's a boost to both companies' businesses.

Verizon has a similar promotion to last year's deal for Disney+ with Discovery (NASDAQ: DISCA) and its new streaming service Discovery+. And it may be looking for more partners.

Source Fool.com