MUMBAI: A little over a year after The Walt Disney Company launched its streaming service Disney+, it was the media behemoth's plans for its direct-to-consumer business that was front and centre at its 2020 Investor Day event on Thursday.
That investors were fully on board with the company's plans was reflected in the shares of The House of Mouse reaching their highest-ever closing price, at $154.43 a share, DESPITE the Disney Parks, Experiences and Products segment recording a loss of $1.1 billion in Q4 2020, ascribed to the fallout from the COVID-19 pandemic.