Disney unloads a slew of impressive Disney+ announcements, announces price hike

Tech

Bob Chapek, CEO of the Walt Disney Company and former head of Walt Disney Parks and Experiences, speaks during a media preview of the D23 Expo 2019 in Anaheim, California, Aug. 22, 2019.

Patrick T. Fallon | Bloomberg via Getty Images

Disney‘s streaming service Disney+ continues to gain subscribers. On Thursday, the company revealed that the platform now has 86.8 million subscribers during its annual investor day.

Shares of the company rose 3% on the news.

The entertainment giant’s stock had a record close of $154.69 Thursday, just ahead of the company’s annual investor event, in which it is slated to divulge its plans for 2021 and beyond. Disney shares also hit an intraday all-time high of $155.34 on Thursday.

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