Disney’s opening subscribership for its streaming services was the stuff of fairy tales as it signed up 10 million customers within its first day of an international launch. In Wednesday’s trading session, shares of Disney jumped 7%, which should put ETFs with the heaviest weightings of the media company on watch.
The streaming competition per a CNBC report:
- “Netflix (introduced streaming in 2007): 158 million subscribers, 60.6 million U.S. subscribers (as of October).
- Hulu (began streaming in 2007): 28.5 million U.S. subscribers (as of November).
- HBO (founded in 1972, began streaming outside pay-TV bundle in 2015): 34 million U.S. subscribers, 8 million HBO Now subscribers (as of October)
- CBS All Access and Showtime (began streaming in 2014): 8 million subscribers (as of February)
- ESPN+ (began streaming in 2018): 3.5 million subscribers (as of November)
- DAZN (began streaming in 2016): More than 4 million global subscribers (as of May)
- Crunchyroll (began streaming in 2006): More than 2 million global subscribers (as of November)
- Amazon doesn’t disclose the number of Amazon Prime Video users. Consumer Intelligence Research Partners estimated there were 100 million Prime subscribers in January, but those subscribers get many other benefits, including free one-day shipping.”
Here are 3 ETFs to watch with the heaviest weighting of Walt Disney Co:
- iShares Evolved U.S. Media and Entertainment ETF (BATS: IEME): seeks to provide access to U.S. companies with media and entertainment exposure, as classified using a proprietary classification system. It will hold common stock of those companies that fall into the Media and Entertainment Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as media and entertainment companies.
- iShares U.S. Consumer Services ETF (NYSEAarca: IYC): seeks to track the investment results of the Dow Jones U.S. Consumer Services Capped Index. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of domestic equities in the consumer services industry.
- John Hancock Multifactor Media and Communications ETF (NYSEArca: JHCS): seeks to provide investment results that closely correspond to the performance of the John Hancock Dimensional Media and Communications Index. The index is designed to comprise securities in the media and communications sector within the U.S. Universe whose market capitalizations are larger than that of the 1001st largest U.S. company at the time of reconstitution.
For more market trends, visit ETF Trends.