Can Disney+ Keep Its Momentum With the Coronavirus Pandemic?
Disney (NYSE: DIS) is launching Disney+ across Europe on March 24 as the continent is ravaged by the spread of the novel coronavirus. The pandemic has many consumers staying inside, often by government request, and those consumers are streaming lots of video on Netflix (NASDAQ: NFLX) and other video-on-demand services. In that regard, the European Disney+ launch couldn't come at a better time.
However, actions taken to stem the novel coronavirus pandemic will also negatively affect Disney's production and release schedules for both its theatrical films and Disney+ originals. And if there's one area where Disney+ is lacking, it's in new original content. That could result in higher subscriber churn in the United States over the next few months, especially as AT&T's (NYSE: T) WarnerMedia and Comcast's (NASDAQ: CMCSA) NBCUniversal launch their own streaming services with new originals.
Image source: Disney
Source Fool.com
