Malaysia's Best News App

Disney+ magic fades: Barclays downgrades Walt Disney after 3 years


Walt Disney's stock received a rare Wall Street downgrade on Monday (Oct 18), as Barclays called for bold changes from the media giant to reverse slowing growth at its Disney+ streaming service.

Disney Chief Executive Officer Bob Chapek last month hinted at a slowdown in Disney+, saying fourth-quarter global paid subscribers will grow by "low single digit" millions compared with a rise of 58.5 million in the previous three months.

Disney+, which has one of the richest portfolios of media content, had a blockbuster launch in 2019; it attracted new subscribers with its hit Star Wars and Avengers franchises.

Rival streaming platforms such as Netflix, Apple TV+ and Amazon Prime Video have had a different approach. They invested heavily on original content to draw in subscribers.

"While the company (Disney) appears to be targeting one new piece of cont

reaction1 reaction1

How to Install Newswav
1. Scan the QR code below
1. Tap this button
2. Tap Get / Install in App Store / Google Play
guide 1
3. Go to homescreen & tap on Newswav app
guide 1