Disney hits record on streaming plans; Netflix slips GlobeInvestor
Shares of Walt Disney Co touched an all-time high on Friday after Wall Street analysts said the aggressive pricing of its new video streaming service could help it better compete with Netflix Inc.
“Investors find a lot of promise in Disney’s offerings because it’s well positioned to fight the likes of Netflix for consumers’ money,” said Clement Thibault, analyst at global financial markets platformShares of Disney jumped 10 per cent to $128.26, adding $21-billion to the company’s market capitalization of $209-billion on Thursday.
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