|Bid||96.54 x 900|
|Ask||96.75 x 3200|
|Day's range||93.45 - 96.89|
|52-week range||79.07 - 153.41|
|Beta (5Y monthly)||1.04|
|PE ratio (TTM)||15.75|
|Earnings date||07-May-2020 - 12-May-2020|
|Forward dividend & yield||1.76 (1.67%)|
|1y target est||145.33|
The Zacks Analyst Blog Highlights: Walt Disney, General Electric, Fiserv, S&P Global and TJX Companies
The Zacks Analyst Blog Highlights: American Express, McDonald's, Walt Disney, UnitedHealth Group and International Business Machines
Streaming services have cut back in some parts of the world as Internet usage has been spiking. However, the U.S. infrastructure has been able to support the incremental load.
Streaming services like Disney+ are getting a boost as Americans stay home. That's also benefiting Hasbro's toy sales, and Baby Yoda in particular.
The Dow posted its best day since 1933 after lawmakers said that they were close to a deal on coronavirus rescue package. We have, thus, highlighted such components of the benchmark index that were up 10% or more.
Some viewers in Britain complained they were struggling to sign up for Disney+ as the video streaming service launched on Tuesday in Europe, where networks have come under huge strain due to the coronavirus pandemic. Disney+ launched in Britain, Ireland, Germany, Italy, Spain, Austria and Switzerland with reduced picture quality to ease data volumes flowing through networks. It tempted subscribers with 500 films, 350 serials and 25 original productions including Star Wars spin-off 'The Mandalorian' and Mouse House cartoon classics including the 1955 original of 'Lady and the Tramp'.
Facebook (FB) downgrades video streaming quality in Europe following Netflix, YouTube among others in Europe in an attempt to lower network traffic amid Covid-19 outbreak.
Hollywood is being forced to adapt amidst the coronavirus pandemic as some studios have decided to go direct-to consumer earlier than anticipated.
Disney+ is set to launch in the UK and most major European markets on March 24. Anticipating higher consumer demand, the company is instituting measures to "lower our overall bandwidth utilization by at least 25% in all of the markets launching Disney+ on March 24th," said Kevin Mayer, head of Disney's Direct-to-consumer and International business. According to the statement, Disney had agreed to a European Union request for streaming-video providers to "ensure the smooth functioning of the broadband infrastructure."
The chief executive of telecoms operator Orange called on Friday for a delay to the launch of Walt Disney's streaming services in France to avoid overloading networks amid the country's lockdown following the coronavirus outbreak. Stephane Richard called for "a few weeks delay" in the launch in an interview with Le Figaro newspaper. The Disney+ service had been due to launch in France on March 24.
The launch of Disney+ through its local partner Hotstar was timed to coincide with the beginning of the popular Twenty20 cricket tournament, the Indian Premier League, which has now been postponed until April 15 due to coronavirus fears. "Given the delay of the season, we have made the decision to briefly pause the roll-out of Disney+ and will announce a new revised premiere date for the service soon," Disney said in a statement. Disney controls Hotstar, which it acquired through the $71 billion purchase of Twenty-First Century Fox in 2019, and the new service would have given it access to hundreds of millions of potential subscribers.