Should I Watch Disney Stock Following Successful Disney+ Release?
D isney+ subscriber growth has been a concern for investors over the past month. This article was originally written by MyWallSt. Read more market-beating insights from the MyWallSt team here. However, the companys latest theatrical release has garnered millions of dollars, and Disney wants to tell the world. $80 million domestically and $78 million internationally over the weekend, easily claiming the crown of the pandemic-era box office. But, while these are good figures for Disneys first Marvel flick since 2019, theres another number to look at:  $60 million. Thats how much Disney claims to have brought in through its Premier Access feature of the movie on Disney+, which allows subscribers to rent the movie at home rather than going to the cinema. And this is despite more than 80% of U.S. cinemas being fully reopened this weekend. Its the first time any streaming service has announced such stats and is a massive feather in Disneys already very plumed cap. It proves that Disney+ can be a viable source of income when it comes to cinematic releases and offers some protection from outright cinema closures in the future. Of course, not all films will be available on Premier Access, such as Marvels upcoming Shang-Chi and the Ten Rings, because Disney must maintain theatrical partnership contracts, and may also be restricted by streaming licenses in certain regions. More importantly, as has been evidenced, theres more money to be made in theatrical releases. The post-COVID, hybrid economy is still very unclear to consumers and economists alike, so its too early to say whether Disney can employ this multi-platform release strategy once the population is fully vaccinated and life returns to normal. If nothing else though, it further proves that Disney can adapt to almost any situation and turn lemons into lemonade when it needs to. MyWallSt gives you access to over 100 market-beating stock picks and the research to back them up. Our analyst team posts daily insights, subscriber-only podcasts, and the headlines that move the market. Start your free trial now!