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Disney and WBD Team Up on Streaming Service
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Disney and WBD Team Up on Streaming Service

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Disney and Warner Bros. Discovery formed an alliance to offer a bundled package of their streaming services.

Entertainment and media giants Disney (NYSE:DIS) and Warner Bros. Discovery (NASDAQ:WBD) have formed an alliance to offer a bundled package of their streaming services. As the competition intensifies among streaming platform providers, with a focus on expanding their subscriber base, these industry leaders are collaborating to offer bundled packages of their content.

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This new package includes Disney’s Disney+ and Hulu and Warner Bros.’ Max service, catering to both ad-free and ad-supported versions. The pricing specifics for this new offering, scheduled for rollout in the U.S. this summer, have not been disclosed.

It’s worth noting that WBD stock was up over 3% in the pre-market session on Thursday after the announcement. At the same time, Disney stock was also trading in the green.

JV’s are Not New in the Streaming Industry 

Joint ventures (JVs) like these aren’t new to the streaming industry. Earlier this year, Fox Corp. (NASDAQ:FOXA), Warner, and Disney’s ESPN announced a partnership to launch a sports streaming service.

The shift towards offering a more streamlined and unified streaming experience is expected to enhance user engagement, increase customer retention, and create more advertising opportunities for these companies.

As companies team up to accelerate growth, let’s examine analysts’ recommendations for DIS and WBD stocks.

Is Disney a Buy, Sell, or Hold Stock?

Disney stock is up about 17% year-to-date. Meanwhile, Wall Street analysts are bullish on its prospects. Disney shares have received 24 Buys, three Holds, and one Sell recommendation for a Strong Buy consensus rating. The analysts’ average DIS stock price target of $128.93 implies a 22.28% upside potential.

Is Warner Bros. Discovery Stock a Good Buy?

WBD stock is down over 315 year-to-date. Further, analysts are cautiously optimistic about Warner Bros. Discovery stock. It has received nine Buys, seven Holds, and one Sell recommendation for a Moderate Buy consensus rating.

Analysts’ average price target on WBD stock is $13.61, implying 74.49% upside potential from current levels.

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