Disney stock (DIS) is a good long term investment.
In late 2019 Disney started a streaming service called Disney+ where you pay a monthly subscription to watch all Disney movies. Since they started this service, people who wanted to watch a Disney movie has to subscribe to Disney+ and can no longer watch from Netflix. This move really made Disney make a lot of money and even saved the company from the pandemic.
Because of the pandemic Disney was forced to close down all their theme parks and slow down on making new movies. No profit can be made from the parks if they are closed. People stayed at home and were watching T.V. more often it seems. If Disney+ was not made, then Disney would have been in a big hole, or possibly gone bankrupt in 2020.
If we look at Disney Q1 report in 2021 Disney+ has nearly 95 million subscribers worldwide. https://thewaltdisneycompany.com/app/uploads/2021/02/q1-fy21-earnings.pdf. A link to the Q1 report.
Disney+ has been a huge success and is making Disney money even during the pandemic.
Here is Disney’s revenue from Q1 2020 to Q1 2021. (numbers in millions)
Q1 2020- Total revenue was 20,858
Q2 2020- Total revenue was 18,009
Q3 2020- Total revenue was 11,779
