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Disney Has Tough Act to Follow With Investor Day: Its Own

  • Fast start for Disney+ overshadows the fallout from Covid-19
  • Will big movies go straight to streaming services in 2021?
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When Walt Disney Co. was preparing to launch the new Disney+ streaming service last year, executives spent an afternoon wooing Wall Street with ambitious subscriber goals and plans for heavy spending on films and TV shows.

The effort paid off. Disney shares jumped almost 12%, adding $24 billion in market value and bolstering the view that the entertainment giant would challenge streaming leader Netflix Inc.