Nov 14, 2019

Disney had a very good day

Data: Investing.com. Chart: Axios Visuals

Disney was the best performing stock in the Dow Jones Industrial Average Wednesday, jumping 7.3% after reporting 10 million subscribers had signed up for its Disney+ streaming platform on opening day.

Why it matters: The stock rose to an all-time high and had its biggest single-session gain since April on a day when the Dow, S&P 500 and Nasdaq were little moved.

The big picture: Since announcing Disney+ on Nov. 8, 2018, the stock has gained 28.2%.

That's leagues above the S&P's 10.2% gain and in stark contrast to Netflix's 10.9% decline during the same time period.

Money in the bank: Analysts at Credit Suisse predicted 10 million subscribers would be the magic number for Disney+ in a note back in September, calling the figure "an inflection point" where "70% of investors would start new positions or add to existing ones."

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Ina Fried

Disney+ looks upward, beyond glitches

Bob Iger, chairman and CEO of The Walt Disney Company. Photo: Drew Angerer/Getty Images

The Disney+ streaming service's launch was met with technical issues, compromised passwords and a whole lot of demand.

What's next: The company is looking forward, not back, with a top executive saying that the company won't rely as heavily on data as rival Netflix did in building its service or creating its content.

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Sara Fischer

Disney breaks $10 billion box office record

Photo Illustration: Miguel Candela/SOPA Images/LightRocket via Getty Images

With the help of a successful weekend showing of "Frozen 2," the Walt Disney Company has officially raked in more than $10 billion this year in box office sales, a new record.

Why it matters: Disney’s box office success this year is attributable in part to a years-long strategy to invest in major tentpole franchises, like Pixar, Marvel and Star Wars. Most of its biggest box office hits this year came from those three brands.

Go deeperDec 9, 2019

Sara Fischer

Disney remains box office champion of animated films with Frozen 2

Disney

After a record-breaking holiday weekend box office haul with Frozen 2, Disney is poised to win the box office yet again this year, and with it, remain the box office champion of animated films.

Why it matters: Rival streaming chiefs have talked openly about expanding their animation studios to compete with Disney, or to help lure families to their services.

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