Season 2 of Netflix’s “Bridgerton” has been officially renewed for season 2 — and it couldn’t come at a more perfect time for the streaming giant.
Walt Disney (NYSE: DIS) came out of the gate strong with The Mandalorian leading its slate of Disney+ originals when it launched in late 2019. The series based in the Star Wars universe helped propel the streaming service to tens of millions of global subscribers. While subscription growth remained strong through 2020 as Disney+ expanded globally, some investors may hold concerns about Disney's ability to grow its library of original titles for the platform.
Shares of Netflix (NASDAQ: NFLX) leapt higher last week after the company posted strong fourth-quarter results and predicted a huge jump in earnings in the first quarter. In fact, Netflix stock touched a new all-time high on Wednesday, ending the day with a 17% gain. There's no doubt that Netflix had a great year in 2020 and carries a lot of momentum entering 2021.