How High Can Disney's Streaming Profit Go?
Walt Disney (NYSE: DIS) can be considered a late entrant to the streaming trend. Its flagship Disney+ platform wasn't launched until November 2019, more than a decade after (NASDAQ: NFLX) introduced streaming in the U.S. Disney's delay was understandable, given that it has legacy cable-TV networks, which used to be very lucrative, to manage.
These days, however, the House of Mouse is making substantial progress with its direct-to-consumer (DTC) operations, particularly on the bottom line. How high can Disney's streaming profit go?
Image source: The Motley Fool.
Source Fool.com
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