Diamonds and Dogs
Disney + is a real plus. Disney (DIS) is up 10% to new highs after disclosing their Disney+ subscribers are now 86.8 million up from 60.5 million in early August. Including Disney+, Hotstar, Hulu and ESPN+, the company's streaming services has more than 137 million subscribers. In 2021, Disney+ will expand to Eastern Europe, South Korea, Hong Kong and other markets. The company now expects to have 230 million-260 million Disney+ subscribers by 2024, up from its prior estimate of 60 million-90 million for the same time frame, with global subscriptions across all services reaching 300 million-350 million. By comparison, Netflix (NFLX) has 195.15 million subscribers.
Vail Resorts (MTN) faces an uphill climb. The mountain Resort company is down 2% after reporting a loss of $153.8 million, or $3.82 a share. Vail is entering their peak demand season at a majority of its roughly three-dozen mountain resorts and ski areas. The company will have to navigate the pandemic limitations, restrictions, and closures that could negatively impact results.
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