- Disney's streaming services could grow to 30 million subscribers by 2028, valuing it at $25 billion.
- The direct-to-consumer streaming service could generate $5 billion in revenue.
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MORGAN STANLEY: Disney's new streaming service could be worth $25 billion (DIS)
Disney's new streaming service could be worth $25 billion, according to Morgan Stanley.
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However, he notes that the market's view of Disney is that it "has not proven any core competency" compared to its peers, and how it deals with technology, customer service and marketing has yet to be tested. Investors are also wary of Disney's decision to pull out of its exclusive movie deal with Netflix in 2019, further harming the company's potential of tapping into Netflix's vast subscriber base.
Disney shares are down 0.35% at $97.70.
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