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Disney's Market Value Jumps $21-Billion

Video Credit: Wochit News
Published on August 5, 2020 - Duration: 00:31s

Disney's Market Value Jumps $21-Billion

Disney stock jumped as much as 10% on Wednesday.

The increase added more than $21 billion to the entertainment giant's market capitalization.

Investors celebrated the news that Disney Plus has attracted more than 60 million subscribers in its first nine months.

Pandemic-related closures of theme parks, stores, and cinemas hammered its business, dropping its revenue 42% last quarter.

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