by Ray Keating
July 24, 2019
If you like what you’re seeing businesswise from the Walt Disney Company, get ready for the good news to double over the coming five years – at least according to Morgan Stanley.
According to a MarketWatch.com report, Morgan Stanley expects Disney to “nearly double” its earnings per share “from $6.50 in 2020 to between $11 and $12 in 2024.” Why? Morgan Stanley notes Marvel’s “critical role” in the Disney+ streaming service, which is scheduled to come online in November.
Morgan is looking for 130 million Disney+ subscribers, with two-thirds overseas.
MarketWatch noted: “The superpowers of Marvel underscore the type of content likely to buttress Disney+, which is scheduled to debut in November at $6.99 a month without advertisements. Disney stock, up 29% this year, is also likely to benefit.”
Once again, watch out Netflix!
Ray Keating is the editor, publisher and economist for DisneyBizJournal.com, and author of the Pastor Stephen Grant novels. He can be contacted at firstname.lastname@example.org.
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