Disney’s Shares Rise 2% After Streaming Announcement
- 7 years ago
Disney shares rose by 2% Friday, November 10th, after they announced that their upcoming streaming service will cost less than Netflix currently does. Disney CEO Bob Iger explained why they will have a lower price. He stated, “That is in part reflective of the fact that it will have substantially less volume. It'll have a lot of high quality because of the brands and the franchises that will be on it that we've talked about.