Disney's New Streaming Focus Is Smart, But No Cinch
Entertainment giant Walt Disney (NYSE: DIS) is going all-in on streaming. The company unveiled a major reorganization on Monday ultimately meant to augment its already incredible success with Disney+. CEO Bob Chapek confirmed in a subsequent interview with CNBC that streaming is now indeed the company's priority.
It's almost certainly the right move. Consumers were moving away from cable television and toward streaming anyway. The COVID-19 pandemic only accelerated this shift.
If you think this expanded effort is going to be easy money for Disney though, think again.
Source Fool.com
