When many investors think of The Walt Disney Co. (NYSE:DIS), images of theme parks or cartoons may come to mind, along with a whole host of childhood memories. I’ve talked at length about the importance of original content before, but what I’m going to discuss in this article is the importance of strong acquisitions for the media company in recent years, and how Disney’s management team has been able to leverage these with its new streaming platform Disney+.
First of all, the sheer volume of subscribers Disney has seen since rolling out its new platform is absolutely incredible, with approximately 300 million subscribers using the service or signing up since launch. Perhaps one of the key selling points for new subscribers has been The Mandalorian, a Star Wars series offered on Disney+.
Star Wars, Marvel, and a number of other highly successful acquisitions over the past decade have provided Disney’s management team with not only some of the best-performing movies at the box office consistently each and every year, but an endless amount of content to build upon for its Disney+ platform, a platform which will be a key growth driver for the company over the long term.
The Disney+ platform is a technological transformation for a traditional media company that ought to be applauded by investors- any dips in the coming months related to Coronavirus or any other headwind ought to be viewed as buying opportunities, in my opinion.
Invest wisely, my friends.
