Disney’s Global Streaming Shift: Hulu Replaces Star in International Markets

Walt Disney shares edged higher to close at $112.47 on Friday, posting a modest 0.29% gain despite receiving a downgrade from Wall Street Zen. The media giant is embarking on a significant transformation of its streaming strategy, with Hulu set to replace the Star content hub on Disney+ across international markets beginning October 8.

The timing of Disney’s strategic announcement coincides with mixed signals from market analysts. While the company delivered stronger-than-expected earnings per share of $1.61 in its most recent quarter, surpassing the $1.45 consensus estimate, it fell slightly short on revenue with $23.65 billion. This performance prompted Wall Street Zen to adjust its rating on Disney from “Buy” to “Hold,” creating uncertainty among investors.

Current analyst sentiment presents a complex picture:Read more...