Mulan gives Disney a needed boost

Article Excerpt

WALT DISNEY CO. $127.77 (New York symbol DIS; TSINetwork Rating: Above Average) (www.disney.com; Shares outstanding: 1.8 billion; Market cap: $230.9 billion; No current dividend) continues to draw new users to its streaming service during the pandemic—even as COVID-19 lockdowns ease. There are now 60.5 million subscribers worldwide (as of August 3, 2020), up 5.2% since the end of the latest quarter. Demand for Disney+ should continue to rise now that the company plans to release its live-action version of Mulan as a special video-on-demand download for $29.99 U.S. The company originally planned to release the highly anticipated film in theatres, however, most of those cinemas remain closed due to COVID-19. Walt Disney is a buy. buy…