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Share Name Share Symbol Market Type
Walt Disney Co NYSE:DIS NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.92 0.6% 154.16 154.68 152.81 153.58 3,002,550 18:46:37

Walt Disney Co. Shares Move Higher as Co. Increases Focus on Streaming

13/10/2020 5:43pm

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By Stephen Nakrosis

 

Shares of Walt Disney Co. are trading higher in Tuesday's market, a day after the company said it would increase focus on its streaming services amid a wider reorganization.

At 12:06 p.m. EDT, the company's shares were trading 4.24% higher at $130.27. Volume at the time topped 13.7 million shares, above the 65-day average volume of some 10 million shares.

The company said its decision was made "in light of the tremendous success achieved to date in the company's direct-to-consumer business and to further accelerate its DTC strategy."

The company's "creative engines will focus on developing and producing original content for the company's streaming services, as well as for legacy platforms, while distribution and commercialization activities will be centralized into a single, global Media and Entertainment Distribution organization," Walt Disney Co. said.

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

October 13, 2020 12:28 ET (16:28 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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