Disney Stock Plummets From Loss of Subscribers

Posted on AllSides May 12th, 2023
From The Center

Disney’s stock fell for a second consecutive day as investors expressed concern that the entertainment company would face additional roadblocks as it lost subscribers, but saw gains of more people visiting its theme parks. The stock dipped by nearly 9 percent yesterday (May 11) after the entertainment company said they lost four million subscribers, partly due to losing the right to stream the cricket games of Indian Premier League on its Star India television network. The 8.7 percent drop in the stock price was the largest one since the stock...

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