Disney shares fall 8 percent as streaming subscribers fall

BURBANK, California: Amid a surprise drop in streaming subscribers, Walt Disney's shares dropped more than 8 percent this week, causing concerns that the media and entertainment company could be sacrificing growth to limit losses.

In the stock's sharpest single-day decline since Bob Iger's return as Disney CEO in November, some $16 billion was wiped out from the company's market value.

Additionally, share