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Disney wants Netflix’s throne, and the Wall Street crowd is into it

Markets reacted positively to Disney’s newly-found laser focus on streaming, pushing the company’s stock price up nearly 5%. Disney announced a restructure of its media and entertainment arms in a Monday press release. The move centralizes those businesses into one entity that will oversee all distribution and monetization of Disney content, including its streaming platform Disney+. This will mean a significant boost in funding for original content. Disney’s pivot comes at the tail end of a tough year for the entertainment giant. Rolling COVID lockdowns in March obliterated its Parks, Experiences, and Products department, forcing the company to report a…

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