Disney’s Stock Price Hits Record High Following Disney+ Launch

Disney+
Barcelona, Spain. Jan 2019: Man holds a remote control With the new Disney+ screen on TV. Disney+ is an online video streaming subscription service, set to launch in the US in September.Illustrative - Image (Ivan Marc / Shutterstock.com)

Following the announcement, Disney’s streaming service Disney+ received over 10 million subscribers in just one day.

The company’s stock saw its biggest one-day gain since April and reaching an all-time high since January 1972. As of this morning, Disney gained 7.3 percent, culminating to $148.72 per share. According to reports, Disney’s shares are up 32% this year.

Analysts say Disney’s download rate is doing extremely well and better than expected. It appears as though the initial tech problems did not affect Disney at all.

Disney
The home page of the Disney site, view through a magnifying glass. Disney company logo is visible. Soft focus. – Image (Marko Aliaksandr / Shutterstock.com)

This news comes after Disney’s streaming service Disney+ gained 10 million subscribers one day. The company announced on November 13 and confirmed they will not be releasing Disney+ subscriber data outside of the Disney company’s quarterly earnings calls.

“It’s impossible to compare, with any insight coming from it, first-day downloads of Netflix to that of Disney+,” a report from Apptopia states. “Streaming was not what it is today and mobile is not what it is today, as mobile device penetration and user preferences have shifted in Disney’s favor.”

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