Bad News: Disney CEO Says Disney+ Is Facing 2 Headwinds
Most analysts would agree that Walt Disney's (NYSE: DIS) entry into the streaming category has been a success. Disney+ entered the streaming wars in November 2019 and it has already accumulated subscriber totals that make it competitive with veteran rival Netflix (NASDAQ: NFLX).
The House of Mouse boasts a robust content library and has a huge established fan base around the world. So its early success may not have been that big of a surprise. But what Disney is beginning to discover is that maintaining its strong growth in the streaming segment is not all that easy. Recently, at an investor conference, Disney CEO Bob Chapek highlighted two challenges directly in its path to winning the streaming war.
Image source: The Walt Disney Company.
Source Fool.com
