Why Disney+ Subscriber Growth Is About to Explode
Shares of Walt Disney (NYSE: DIS) are down over 30% in the last year. That performance is decoupled from Disney's actual results, where the performance of its theme park and streaming businesses has continued to improve. Disney reported revenue growth of 34% year over year last quarter and added 11.7 million subscribers for Disney+.
The company's latest announcement of a new ad-supported subscription plan launching later this year could be a game changer. Let's look at how Disney's competitors have fared since introducing an ad-supported subscription tier.
Other streaming services have proven that offering a cheaper, ad-supported offering is very effective in reaching more customers.
Source Fool.com
