I was one of the tens of millions who subscribed on the first day. Although to my surprise, I don’t find myself streaming it as much as I thought I would. But I like knowing I can access the plethora of content when I want to.
Disney hit an all-time high today and most of my investment thesis still holds water. Here is a gist of it:
It has a strong brand moat.
Multiple recurring sources of revenues with amusement parks, movies and, merchandise.
Adding Fox assets(including a majority stake in Hulu) is amazing as they diversify geographically in Europe and Asia.
Intellectual assets like proprietary rendering engines. Fun fact: Photoshop spun out of ILM which Disney now owns.
Good dividend yield!
If the markets go south and DIS gets crushed with it, count me a buyer.
Disclosure: Long DIS (duh!)