Connect with us

Entertainment

Stocks To Buy Or Sell As Streaming Wars Heat Up, Disney (DIS)

Jon Phillip

Published

on

stock_price_disney

The launch of Walt Disney Co (NYSE:DIS)’s streaming service Disney Plus was the biggest event in the streaming industry this year. This formally launched ‘the streaming wars’. Reports show that right after the launch, the company garnered as many as 10 million sign-ups. However, it should be noted Disney also owns ESPN+ and Hulu.

Strong Growth

streaming wars netflix apple hulu disney

In its latest regulatory filing, the company revealed strong growth for both those services. The numbers could show that Disney Plus is here to stay. It could also show that the company may be on target to reach its goals with all other streaming offerings.

ESPN+ was the first streaming platform that was launched by Disney in 2018. It had managed to attract as many as 1 million subscribers in 6 months. In its latest regulatory filing for the period ended on September 28, the company revealed that it now has 3 million paying subscribers.

In the fourth-quarter conference call, Disney CEO Bob Iger stated that the service now has 3.5 million subscribers. The company is targeting 8 million to 12 million subscribers for ESPN+ by 2024.

M&A Finally Adding More Value

The acquisition of Fox made Disney the controller of Hulu. After reaching a deal with Comcast, the company assumed full control. Back in May, the company announced that Hulu had 26.8 million subscribers. In the latest regulatory filing, the company revealed that Hulu has 29 million subscribers.

With regard to Disney+, the company stated that it would reveal subscriber data in the quarterly earnings report. It also stated that it’s targeting a subscriber count in the 60 million to 90 million range globally by 2024. The three streaming services could set a pace to provide the company with high growth. Disney stated both ESPN+ and Hulu to be profitable by 2023, while Disney+ could be profitable a year later.

Continue Reading
Click to comment

Entertainment

Disney (DIS) Streaming Business is Getting 1 Million Subscribers a Day

Jon Phillip

Published

on

adbe stock price twlo stock price

The so-called ‘streaming wars’ started in earnest this month with the launch of Apple TV+ but it well and truly took off on November 12 when Walt Disney Co (NYSE:DIS) launched its own streaming service Disney Plus. Since its launch, the service has proven to be hugely popular and within a few days, it had managed to garner as many as 10 million new sign-ups.

Big Numbers

 It has now been two weeks since Disney Plus was launched and reports suggest that as many as 1 million subscribers are flocking to the app every day. Apptopia, a research firm, has revealed the staggering details about the sort of success Disney Plus has had over the two weeks.

Since its launch, Disney Plus has been downloaded as many as 15.5 million times. However, it is important to point out that people are not only signing up for the free trial but actually paying the $6.99 monthly fee. Disney offers its service for a significantly lower fee than market leader Netflix.

It is also enormously rich when it comes to programming. In addition to content from Disney, it also features programming from hugely popular Disney owned media properties like Star Wars and Marvel.

More importantly, the service has already started generating revenues according to Apptopia. In the 13 days since the launch, customers have made app purchases to the tune of $5 million in total. An analyst at Wedbush spoke about the reasons behind the impressive performance of Disney Plus so far.

What’s Next For Streaming Stocks?

streaming wars 2019 stocks to watch

Wedbush’s analyst said, “This shows the company is gonna be a legit competitor to the likes of Netflix, despite the skeptics that continue to doubt the House of Mouse. The pricing, the content and the bundling was just a pure genius strategy from [Disney CEO Bob] Iger and Disney.”

At this point in time, the market leader Netflix boasts of 60 million paying subscribers in the United States and 97 million globally. In this regard, it should be noted that Disney Plus is yet to go big with its international expansion and when it does, a clearer picture could emerge. Analysts also said that Disney’s $12.99 a month offering that bundles Disney Plus, ESPN and Hulu is also showing strong demand.

Continue Reading

Entertainment

Is It Time To Buy Or Sell Netflix; Streaming Wars Heat Up

A. Lawrence

Published

on

netflix NFLX stock price

Streaming Wars Continue To Expand But Is Netflix Still A Top Contender?

The streaming wars have commenced this month with the launch of Disney Plus and Apple TV+. Many more services are going to be launched over the coming months and the sole purpose of these services is to topple the biggest name in the streaming services, Netflix Inc (NASDAQ:NFLX). The streaming giant has had a hard time this year, due to disappointing subscriber growth.

Increased Competition

The emergence of competition at such a juncture has further made life difficult for the company. The stock is trading at its lowest point this year and it is interesting to figure out whether the Netflix stock is a buy.

One thing that needs to point out with regards to the stock is that some experts would call the current valuations a bit over the top. The stock is trading at 20 times the book value and 99 times its trailing earnings.

Moreover, some analysts also believe that competitors are definitely going to eat into subscriber growth to some extent as well. However, the company’s CEO Reed Hastings has a completely different view on the competition. That could challenge Netflix.

He has actually welcomed the competition. He also said that the emergence of so many streaming options is going to lead to even more cord-cutting. In other words, more customers are going to subscribe to streaming services and opt-out of satellite and cable. If that is the case then Netflix should continue to thrive even after the emergence of tough competition.

While there are legitimate reasons for the gloomy outlook from many analysts, it is also true that the very nature of consuming entertainment is changing. In the long run, could Netflix be able to grow?

Continue Reading

Entertainment

How Should You Trade ROKU Stock Amid Growing Streaming Business

A. Lawrence

Published

on

roku stock price

Roku Inc (NASDAQ:ROKU) has been one of the best growth stocks to own in the market for a considerable period of time. Much of that is due to the business decisions made by the company in recent years.

Video Streaming Platform

The company gets most of its revenues from its video streaming platform and also makes devices for the same purpose. The devices are generally sold at around the cost of making them and Roku derives income from the advertising displayed there.

The device and advertising model has proven to be highly rewarding for the company. In a new development, it has emerged that the company is now eyeing European expansion.

Roku is already established in the United States and seven other countries in the region. On Friday, the company released Roku TVs in the United Kingdom. From this week, the Hisense Roku TV will be available for purchase in the U.K. and it is a timely move considering the fact that the holiday shopping season is going to kick in soon.

Is Growth A Big Target For ROKU?

The TV is equipped with the Roku operating system and will allow the company to earn through advertising. It is a significant move in the company’s history and if it can gain a foothold in the growing European market, then it could prove to be a masterstroke in the long term.

Over the past few years, Roku has enjoyed staggering levels of growth in the United States and experts believe that it could just be the start of the company’s growth explosion. An analyst at William Blair stated that he expects the company to generate a similar sort of growth when it eventually expands into the lucrative international market.

Streaming may be still a relatively new industry but it is growing fast and as Roku has already demonstrated, there is a lot of demand for ad-supported streaming devices. Investors and market watchers will be following its performance in the U.K. quite closely.

Continue Reading

Join Our Newsletter

Get stock alerts, news & trending stock alerts straight to your inbox!


Privacy Policy

We keep all user information pricate & promise to never spam.*

Stock Price Free Text List

Search Stock Price (StockPrice.com)




Trending

Subscribe Now & Begin Receiving Free Stocks News, Articles, Trade Alerts & MORE, all 100% FREE!

We are your #1 source for all things Stock Market & Finance, Subscribe Below!

Privacy Policy: We will NEVER share, sell, barter, etc. any of our subscribers information for any reason ever! By subscribing you agree we can send you via email our free e-newsletter on stock market & finance related, articles, news and trade alerts. Further questions please contact privacy@stockprice.com