Jim Cramer Shares His Take on Disney Ahead of Earnings
Walt Disney Co.
Is set to report its fiscal fourth-quarter earnings after the close Thursday, just a few days before it launches Disney+, its new streaming platform, on Nov.
The stock is up nearly 20 percent year to date.
Jim Cramer tells TheStreet's Katherine Ross what he's expecting from the entertainment behemoth this afternoon.
Cramer says he's keeping a close eye on information about Disney+.
He also tells Ross that investors should lower expectations, as Disney CEO Bob Iger has repeatedly said Disney+ is likely to be a 2021 story, rather than a 2020 story.
So, Cramer is looking farther out than Disney's fourth quarter.
Disney recently announced that standard Disney+ subscriptions will support up to four simultaneous streams at resolutions up to 4K.
In addition, each Disney+ account will support up to ten devices, as well as up to seven user profiles featuring their own watchlists and personalized content recommendations.
Disney previously disclosed that standard Disney+ subscriptions will cost just $6.99 per month or $69.99 per year when the service launches.
The company later said that it will sell bundles featuring Disney+, the $4.99-per-month ESPN+ service and the $5.99-per-month, ad-supported version of Hulu (already provided for free to U.S. Spotify (SPOT - Get Report) subscribers) for $12.99 per month.
For more on Cramer's take watch the video above.
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