After keeping the company afloat during the pandemic, when theme parks and movie theaters were forced to close, Disney's streaming business has slowed. Wall Street is concerned, as the company's stock slide after Wednesday's earnings release showed.
Disney reported Wednesday that its streaming growth slowed dramatically last quarter, sending shares of the company down as much as 8.5% on Thursday morning. No surprise there: Disney's media empire may stretch to parks, cable networks and films, but right now its stock is tied to the success of its streaming business — especially Disney+.
That's a pretty quick turnaround, which allows the film to make some money at the box office before trying to nab new subscribers who want to enjoy the family film from their homes over the holidays.But that's not all for Disney+. Far from it.
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