Disney's Streaming Ambitions Are Bearing Fruit

4/9/20

One of the most well-run companies in the world today has got to be The Walt Disney Company (DIS). Even given this, recent events have made the firm unattractive to many investors in the market. In particular, the impact associated with COVID-19 has left the company with a significant drop in sales that analysts can currently only guess at. During these times, it's easy to write off an opportunity, but in a recent press release the management team at the firm revealed why, yet again, betting against Disney in the long run is a big mistake.

The fact of the matter is that its late-2019 launch of Disney+, its hallmark streaming service, is proving to be far more successful than even the company anticipated. The likely end result here will be positive for the firm, and when you add in to that the fact that recent events outside of management's control will eventually go away, the upside opportunity for shareholders should not be ignored.

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