Jim Cramer: Don't Sell Disney Stock
Disney (DIS) - Get Report had quite a rollout for its investor day on Thursday evening.
The presentation lasted four hours. Disney executives unleashed a torrent of announcements, including a slew of upcoming “Star Wars,” Marvel and Pixar series and features, and news that Disney+ had surpassed 86 million subscribers.
And the company noted that it expects Disney+ to grow 260 million subscribers by 2024, but is hiking the price of the streaming subscription to $7.99 a month.
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