Disney´s shares show improvement
Disney+ generates slight increase in company´s shares
Andrés Briceño|02 de abril de 2020
The Walt Disney Company has had a positive week for the first time since the arrival of the coronavirus. Although Friday at the time of market closing the company was negative with 8% less in their asset value, during the week they managed to pass the barrier of US$100, figure they were below since the start of the month.
The value of Disney`s asset started the week at US$85.76 and finished at US$96.40, with the highest peak in the week at US$105.36.
This respite the company had was due to the success Disney+ is having both in the US, with the increase in the demand of their streaming services due to the virus, as well as to their international launch Tuesday, March 24, when in just two days, they had more than five million downloads in countries like Germany, Austria, Spain, Ireland, Italy, the UK, and Switzerland.
Many analysts assure that with the crisis unleashed by the virus, there are still difficult weeks ahead for Disney, but the US$6 billion debt the company generated and the success of Disney+ have given that cash flow respite. The parks continue closed worldwide, as well as the cruises and movie theaters, which prevent releases, and there aren`t a great deal of productions in development.