Disney parks should begin to see more visitors

coolguy001
2021-08-02

 In the near short-term, I would expect Disney stock to rise from current levels. As the pandemic recovery continues, Disney parks should begin to see more visitors as COVID restrictions fade away. Pre-pandemic, Disney's theme parks generated 40% of the company's official operating profits. In the year before the pandemic, the Disney theme park segment earned profits of $6.1 billion, making up 40% of the operating profits. In, 2020, this segment lost $81 million. In addition, Disney+ was launched in November 2019, reaching over 103 million subscribers in less than two years. Management is confident that by 2024, the service will reach over 230 million subscribers. Disney Plus is a legitimate competitor that took away market share from Netflix. Recent release 'Jungle Cruise' staring Dwayne Johnson "The Rock" scored $34 million in theaters and $30 million just on Disney Plus. $Walt Disney(DIS)$

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