Shares of Walt Disney Co touched an all-time high on Friday after Wall Street an...
FILE PHOTO: A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange in New York, U.S., December 14, 2017. REUTERS/Brendan McDermid/File Photo
Netflix’s shares fell about 4 percent after Disney priced its streaming service, Disney+, at $6.99 per month, below the video streaming pioneer’s basic plan of $8.99. Shares of Disney jumped 10 percent to $128.26, adding $21 billion to the company’s market capitalization of $209 billion on Thursday. Disney+ will launch on Nov. 12 in the United States, featuring content from a host of Disney brands including Marvel, Star Wars and Pixar as well as recently acquired Fox properties such as “The Simpsons” and National Geographic programming.
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