Walt Disney Co (DIS.N)
18 Apr 2019
Netflix Inc gave a weak forecast on Tuesday that unnerved investors just as Walt Disney Co and others prepare to escalate Hollywood's streaming video wars, although the company's quarterly results beat Wall Street targets.
SAN FRANCISCO Shares of Netflix jumped 3 percent on Tuesday ahead of the streaming video service's quarterly results, with traders expecting a larger than normal reaction from the stock as new competition looms from Walt Disney Co.
BURBANK, Calif. Walt Disney Co priced its highly anticipated streaming video service below Netflix in an aggressive move to challenge the dominant streaming service and entice families to buy yet another monthly subscription. | Video
* JPMorgan jump starts Q1 reporting season with earnings beat
* Indexes up: Dow 0.89%, S&P 0.55%, Nasdaq 0.33% (Updates to early afternoon)
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.
April 12 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.
* Indexes up: Dow 0.74%, S&P 0.44%, Nasdaq 0.23% (Adds comments, updates prices)
* Indexes up: Dow 1.01%, S&P 0.70%, Nasdaq 0.45% (Updates to open)
NEW YORK, April 11 ESPN+, Walt Disney Co's sports video streaming service, could attract between 8 million and 12 million paying subscribers by the end of the fiscal 2024 year, the company said on Thursday.