Stock Groups

Disney offers streaming service discount for a month to boost subscribers -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – A screen showing the Walt Disney Company’s logo and a ticker sign on the New York Stock Exchange, New York, U.S.A, December 14, 2017, REUTERS/Brendan McDermid/File Photo

(Reuters) – Walt Disney (NYSE:) Co announced on Monday that it is offering a one-month subscription of Disney+ at $1.99, in an attempt to stop a decline in the paid user growth for its streaming service.

Disney announced in astatement that this promotion will run from Nov. 8 through Nov. 14. It will also be available for new eligible return subscribers to the United States of America and other countries.

Disney charges $7.99 per monthly for streaming service in the United States. Recently, Disney hinted that there might be a slower growth of subscribers to Disney+. This could lead to rare Wall Streetdowngrade.

Disney+ has the “Star Wars”, “Avengers” franchises within its portfolio. It gained more subscribers in the COVID-19 pandemic, when theater closings led to more people turning to digital streaming for entertainment.

The company announced that it will offer other benefits, including early access to its parks, as part of promotions celebrating the two-year anniversary of Disney+.

Disney will announce its fourth-quarter results this Wednesday.

Disclaimer Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]