Disney+ streaming growth, park revenue boost shares


FILE PHOTO: The logo of the Times Square Disney store is seen in Times Square, New York City, U.S. December 5, 2019. REUTERS/Nick Pfosi

(Reuters) -Walt Disney Co's Disney+ subscriber growth restored faith in the future of streaming video and strong attendance at U.S. theme parks added luster to its quarterly results, lifting shares 8% after hours Wednesday.

Disney Chief Executive Bob Chapek said he still believes the streaming service, home to hits like "The Mandalorian" and "Black Widow", will have 230 million to 260 million subscribers by 2024. The company added 11.8 million Disney+ subscribers in the first quarter.

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