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Motley Fool Hidden Gems Investing

Disney+ Dazzles Wall Street

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 12 April 2019

⏱️ 39 minutes

🧾️ Download transcript

Summary

Disney shares hit an all-time high after the unveiling of Disney+, a streaming service that’s less expensive than Netflix’s. Uber gets ready for its Wall Street debut. Delta takes off. JetBlue plans for a trip to Europe. And Rite Aid extinguishes its e-cigarette business. Analysts Andy Cross, Emily Flippen, and Ron Gross discuss these stories, dig into the latest hot IPO, and talk Pinterest. Plus, we talk with David Kuo, CEO of Motley Fool Singapore about the US-China trade war and investing in Asia. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Everybody needs money. That's why they call it money.

0:07.0

From full global headquarters, this is Motley Full Money.

0:18.0

That's the Motley Full Money radio show. I'm Chris Hill joining me in studio this week.

0:22.0

Senior analyst Emily Flippin, Andy Cross and Ron Groves.

0:25.0

Good to see you as always. How you doing?

0:28.0

We've got the latest headlines from Wall Street. We're going to head to Singapore to check in with our man David Quo.

0:33.0

And as always, we're giving inside look at the stocks on our radar. But we begin this week with the Magic Kingdom.

0:39.0

On Thursday, the Walt Disney company held an investor day to unveil more details about its Disney Plus streaming service.

0:45.0

CEO Bob Eiger said the service will cost $6.99 a month.

0:49.0

Lower than analysts were expecting and nearly half the cost of Netflix's standard plan.

0:55.0

Disney Plus will immediately include most of the movies from Marvel and Pixar as well as 30 seasons of the Simpsons.

1:03.0

That was on Thursday and on Friday and the shares of Disney at their best day in a decade and hit an all-time high.

1:10.0

Chris, forget Game of Thrones in the battle for Westeros between the Starks and the Lannisters.

1:15.0

The real battle is extremely...

1:16.0

I understand. One of those weapons is...

1:18.0

It's streaming streaming between the likes of Disney and Netflix and AT&T and Facebook.

1:24.0

Twitter, YouTube, the list goes on and on. This was Disney's latest salvo and their most important one.

1:30.0

This big streaming initiative they talked about for the past couple years announced that they were going to go off of Netflix and move all to their own streaming platform.

1:37.0

$7 per month, Chris. I mean, Netflix cost $11 to $13.

1:43.0

So it's a bigger discount than I think that many of us, at least that I was expecting, they're going to invest more than $1 billion per year in content.

1:51.0

They're hoping for 60 to 90 million subscribers by 2024. I mean, when you just think about the catalog of programming they have, this makes...

2:02.0

I mean, for many of us, almost no brainer.

...

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