Disney’s streaming business is already worth more than $100 billion alone, investors believe

Disney’s streaming business is already being valued by investors at more than $100 billion, according to an estimate by Barclays, showing that investors have high confidence less than two months after Disney+ launched.

Barclays estimated the value of the streaming services (Disney+, Hulu and ESPN+) by calculating an enterprise value for the core business of Disney, and then subtracting that estimate from the company’s current total enterprise value of roughly $320 billion. Enterprise value is a measure that combines market cap with short and long-term debt.

Barclays pegs Disney’s core business (movie studio, parks, etc) at $213 billion. That leaves Disney’s direct-to-consumer streaming businesses worth around $107 billion to $108 billion.

Shares of Disney are about 6% above their closing price on Nov. 11, the day before the new streaming service launched. The stock is up more than 30% in the past year.

READ FULL STORY