Verizon's Big Bet With Disney Pays Off
When Disney (NYSE: DIS) launched its flagship streaming platform Disney+ just over a year ago, Verizon Communications (NYSE: VZ) made a big, if somewhat calculated, bet on the nascent service. Just prior to its launch, Verizon teamed up with the House of Mouse to offer Disney+ free for one year. The offer was available to both new and existing customers choosing the Verizon Unlimited plan, as well as new 5G Home and Fios internet customers.
A little more than a year later, the results are exceeding Verizon's wildest dreams.
Image source: Getty Images.
Source Fool.com
