Quarterly reports next week from Walt Disney Co , CBS and Viacom will likely hig...
Netflix’s stock has sunk 14% since it reported on July 17 that it unexpectedly lost U.S. subscribers, rattling investors already worried about the upcoming launch of Disney’s streaming service.
The recent increase in Disney’s shares, and decline in Netflix’s, shows that investors expect Disney to significantly dent Netflix’s leadership in streaming, Carlson said. Beyond streaming, investors watching Disney’s report on Tuesday will focus on its recent run of box office hits, including “The Lion King”, which has increased Disney’s lead position at the U.S. box office. Disney owns the five-highest grossing movies of 2019, led by “Avengers: Endgame” and “Captain Marvel”.
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