New York (CNN Business) If it wasn't abundantly clear that content is king, especially in the Covid-19 era, Disney hammered that point home Thursday when it previewed dozens of new series and movies for its Disney+ streaming service. And investors are loving it. Investors are clearly betting that the streaming strength will offset any lingering weakness in other areas of the House of Mouse empire: Disney raised its forecast for subscriber growth and is upping prices for Disney+Wall Street analysts rushed to upgrade Disney following Thursday's event. At least 13 analysts boosted their price targets on the stock Friday morning. Citi analyst Jason Bazinet noted in a report Friday that Disney was making a "robust commitment" to new content, noting that the increased costs on programming were paying off as subscriber growth has continued to increase faster than forecast.

Source: CNN December 11, 2020 15:00 UTC