Disney to Strengthen more in the Upcoming Times
Disney is amongst those companies which did not have to bear much of the wrath of the coronavirus pandemic and things went on quite smoothly. The only sector where Disney had to suffer was the shutdown of all its parks because of the lockdowns that were imposed so that the spread of the virus could be controlled. Now, the situation is changing again and the parks are also reopening and therefore we can expect more from Disney. Disney and 2020 If Disney had to lose on one side due to the closing down of its amusement parks, it was recovered by the increasing popularity and the increase in subscribers of Disney+. Online streaming of shows and movies gained immense popularity during the pandemic because the cinema halls were closed and all the companies and production houses resorted to the online platforms. Disney+ has currently garnered around 74 million subscribers in a short period with the subscriber count increasing with time. After things will get back to normal completely, Disney+ will prove to be a very major source of income for the firm along with the parks and other works of the company. Therefore, 2020 gave Disney a major boost even though the parks had to remain closed. This move has worked well in favor of the company and now, in this year, it will gain benefits from both sides which will make the company profitable. The Walt Disney Company (NYSE: DIS) 52 Week Range: $79.07 - $183.40 Average Volume: 12,174,838…