https://www.marketwatch.com/story/disney-10-million-subscribers-eye-popping-analyst-says-2019-11-13
Disney+ 10 million subscribers 'eye popping,' says
By Claudia Assis
Published: Nov 13, 2019 1:07 p.m. ET
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The 10 million subscribers that Disney +, the streaming service that the Walt Disney Co. DIS, +5.27% launched on Tuesday, has gathered in just one day is "eye popping" and "considerably higher" than many on Wall Street expected, Dan Ives at Wedbush said in a note Wednesday. "This speaks to the 1-2 punch of success that (Disney Chief Executive Bob) Iger and Disney have coming out of the gate with unmatched content and a massive brand/distribution that makes the House of Mouse a legitimate streaming competitor on Day One" to Netflix Inc. NFLX, -3.26%, Ives said. Disney's goal of having 60 million to 90 million subscribers in five years could be fast-forwarded by two years at this pace, he said. Shares of Disney rallied 4% on Wednesday, and are up 32% this year, which compares with gains around 23% and 19% for the S&P 500 index SPX, -0.08% and the Dow Jones Industrial Average. DJIA, +0.11%