Entertainment giant Disney (DIS) has one of the biggest streaming video platforms around in Disney+, which is nicely augmented by Hulu. And recently, Disney made these platforms a little better with the addition of some new features. But despite this improvement, investors had little good to say as Disney shares slipped fractionally in Friday’s trading.
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Disney is preparing to pull Hulu directly into Disney+, reports note, which will help consolidate the services so that Disney only really has to run one big platform. So Disney is also making some changes to not only help that process out but also improve service for customers. Hulu subscribers will now be able to link their profiles to Disney+, which brings their Hulu viewing history to Disney+.
Hulu subscribers will also be able to use Disney+ as the platform to view Hulu content, using a “…unified MyDisney login.” Finally, Hulu subscribers will also get access to a new set of avatars, which will offer more personalization and an extra note of fun.
An Old Friend Returns, For a While
Some may remember the Disney Store, the mall-facing retailer that delivered Disney merchandise and often Disney content via screens on the walls. These stores largely vanished by 2021, but now, at least one has returned for a limited engagement at Ross Park Mall in Pittsburgh.
The Disney Store at Ross Park shut down in 2011, reports note, but tomorrow morning, one child will be chosen to put a key in the lock and reopen the store, if only temporarily. The new Disney Store will apparently contain all manner of merchandise from standard Disney properties all the way up to the latest in Star Wars items. This will include items that were only available at the parks previously, reports note.
Is Disney Stock a Buy or Hold?
Turning to Wall Street, analysts have a Strong Buy consensus rating on DIS stock based on 16 Buys and two Holds assigned in the past three months, as indicated by the graphic below. After a 5.6% loss in its share price over the past year, the average DIS price target of $133.81 per share implies 29.39% upside potential.
