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Jim Cramer: Don't Sell Disney Stock

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Disney  (DIS) - Get Walt Disney Company 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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