Monday, December 14, 2020

Disney is far from matching Netflix's business, shares

Walt Disney Co. has a long way to go to catch up with Netflix Inc., its biggest rival in video streaming. At 86.2 million subscribers as of Dec. 2, the Disney+ service had less than half of Netflix’s most recent total: 195.2 million, from Sept. 30. The gap between the companies’ stock performance since Disney+ debuted in November 2019 is similarly wide. Disney rose 29% for the period with a 14% gain Friday, a day after disclosing the subscriber count. The 13-month advance was far from Netflix’s 71% increase.

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