Disney+ needs a Hit
Disney reported Wednesday that its streaming growth slowed dramatically last quarter, sending the company down as much as 8.5%. Disney's media empire may stretch to parks, cable networks and films, but right now, its stock is tied to the success of its streaming business.
After keeping the company rising during the pandemic, when theme parks and movie theatres were forced to close, the company's streaming business has slowed.Disney+ needs a subscriber boost, and the best way to do that is by lining up some hits from its stockpile of beloved blockbuster brands that can get new consumers.
Disney has planned to release a show called "The Book Of Boba Fett," a star wars series, on December 29th. Many critics believe that this is the Hit that Disney+ needs to boost subscribers.
Disney said in December that it has multiple shows for Disney+, such as a Star Wars series focused on Obi-Wan Kenobi, a Marvel series about Ms. Marvel and She-Hulk, and a live-action Pinocchio film starring Tom Hanks. The company is also going out of its way this week to keep Disney+ in the forefront of people's minds by promoting "Disney+ Day," which on Friday will celebrate the company's second anniversary. That includes telling consumers about all the new content that comes with the celebration, such as "Shang-Chi'' and a contemporary remake of "Home Alone."