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CNBC Fast Money July 12, 2024

But stronger than expected bottom line results. Those earnings really driving disney higher. Its up 4. 5 on news that disney is bracing its direct relationship with consumers announcing it will show mulan to subscribers on september 4th this is a dramatic change to disneys distribution model. It is sending theater chain stocks lower its building on a bright spot in the quarter which is doisney plus topping 60 million subscribers. Disney now has in total over 100 million subscribers across its direct to consumer businesses. Despite the challenges of the pandemic, weve managed to take deliberate and innovative steps in letting our businesses. At the same time weve also been very focused in advancing and growing our direct to consumer business, which we see as a top priority and key to the future of our company the impact of covid was felt deeply, particularly at disneys park division. The company says it experienced a 3. 5 billion net adverse impact in segment operating income due to cov ....

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