The streaming landscape just got a little more interesting. In a joint press release on Monday, AT&T (NYSE: T) and Discovery (NASDAQ: DISCA) (NASDAQ: DISCK) announced that WarnerMedia would be spun off and merged with Discovery to create a new stand-alone company.
Walt Disney (NYSE: DIS) ended the fiscal second quarter with 103.6 million subscribers on its Disney+ streaming service. While that's more than double the total reported in the year-ago quarter, analysts expected Disney+ to finish the quarter with 109 million subscribers. Here are four important points from the earnings call that suggest Disney is doing fine and could make the sell-off a good buying opportunity.
It didn't take long for the country's leading theme park operators to embrace new policies related to COVID-19. The U.S. Centers for Disease Control and Prevention (CDC) revealed on Thursday afternoon that folks completing the COVID-19 vaccination process can enjoy indoor and outdoor activities without a mask or social distancing. Disney World and Universal Orlando no longer require masks for vaccinated guests in most outdoor common areas.