Disney Stock Drops as New Disney+ Subscription Rate Slows

Iain

The Walt Disney Company logo featuring Mickey Mouse

Disney Stock Drops as New Disney+ Subscription Rate Slows

Iain

The Walt Disney Company logo featuring Mickey Mouse

Disney Stock Drops as New Disney+ Subscription Rate Slows

Despite the recent addition of new series like “Loki” and Marvel’s “What If…?”, Disney+ subscription rates are slowing. The slowing demand has caused Disney stock (NYSE:DIS) to drop. The stock closed at $171.41, down 3.01% today.

According to a release from Schaeffer’s Investment Research, Inc., Barclays downgraded Disney stock, cutting its target price to $175 from $210. The firm added that Disney is now behind its goal of reaching 150 million Disney+ subscribers by 2024.

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The Barclays downgrade is a break from normally bullish attitudes towards Disney stock.

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4 thoughts on “Disney Stock Drops as New Disney+ Subscription Rate Slows”

  1. I don’t get Disney+, never have. I stick with Disney Channel and watch tons of Disney show reruns. I see no reason to get Disney+. My son never watches Disney shows, but he gets Disney+ at times when there’s something he wants to see, like the Mandalorian. When that’s done he cancels it. I have zero interest in the Mandalorian.
    I don’t understand why people get Disney+, being that I’m the only adult I know who watches Disney shows every day. Most people don’t do that, so why do they need Disney+?
    Disney+ has some 100 million subscribers, but some of them are from India where the cost is like 50 cents a month or something like that, which isn’t profitable at all.
    Even then, I don’t understand why there are so many subscribers. I would think that long term, the number of subscribers should decrease. Not that I want that, some day I might want to get it. Just not now.

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