Disney has clearly suffered at the hands of the pandemic as its market cap shrunk from $260 billion to $215 billion in the last six months alone. One of its star attractions is its new Disney+ streaming service, providing an outlet tailor-made for today’s stay-at-home consciousness. On the weekend “Hamilton” was released, for example, Disney+ was downloaded over 265,000 times. Movie theaters won’t be regaining the market’s trust any time soon, and Disney fans anxiously await the release of “Mulan.” Disney might be better served to shirk blockbuster releases and inoculate its financial statement by favoring its popular new channel.
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