Why the Disney+ 'Mulan' Release Is a Brilliant Move

Walt Disney's (NYSE: DIS) stock surged almost 9% Wednesday as investors overlooked the financial headwinds and focused on the prospects for its streaming services, which have reached more than 100 million global subscribers. The company also plans to release it in theaters in countries where Disney+ isn't yet available and theaters are open. The move makes sense, as Mulan's theatrical release had already been delayed multiple times -- but it still came as a surprise, as it's the highest-profile Disney movie to go the direct-to-consumer route.