89 days ago • Posted by William Ramstein

Disney shares rising after positive earnings offset park closures

Investors overlooked a 53% decline in park revenue in thequarter and welcomed Disney+ streaming reaching 94.9 millionsubscribers. Shares rose 3.1% to $194 after they closed at anall-time high in regular trade. The "Star Wars"-inspired "Mandalorian" series and Pixar'sanimated "Soul" movie helped position the year-old Disney+ as acredible threat to the dominance of Netflix Inc in thestreaming video wars. - Bloomberg