With the Walt Disney Co. late Wednesday disclosingthat its streaming service Disney+ has surpassed the 50 million paid subscriber milestone globally, several Wall Street analysts highlighted that the streamer was performing ahead of their expectations and bringing the Hollywood giant some much-needed positive news amid the coronavirus pandemic.
Disney shares, which have been hit by the virus crisis given that analysts see it affecting not only the conglomerate's theme parks but also its various other businesses, in early trading were up 4.4 percent at $105.53.
Several analysts noted that Disney's projection that it would reach 60 million-90 million Disney+ subscribers by 2024 now seemed within easy reach.