Disney+ sheds 4 million subscribers ahead of new layoffs
1 year, 7 months ago

Disney+ sheds 4 million subscribers ahead of new layoffs

India TV News  

The Walt Disney Company's leading streaming service, Disney+, saw a decline of four million subscribers in its second quarter, which ended on April 1st. The main reason for the decline in Disney+Hotstar's subscriber base is believed to be the loss of streaming rights for the Indian Premier Cricket League, which led to a decrease in Indian subscribers. In a statement, the company said, "Disney+Hotstar average monthly revenue per paid subscriber decreased from $0.74 to $0.59 due to lower per-subscriber advertising revenue.” According to its Q2 2023 report, The Walt Disney Company revealed that it had 157.8 million subscribers, down from 161.8 million in the previous quarter. Robert Iger, CEO of The Walt Disney Company said, "We're pleased with our accomplishments this quarter, including the improved financial performance of our streaming business, which reflect the strategic changes we've been making throughout the company to realign Disney for sustained growth and success.” As part of a larger reorganization aimed at cutting $5.5 billion in costs, Disney is planning to reduce its workforce by 7,000 jobs.

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History of this topic

Disney’s streaming business is profitable. Has direct-to-consumer hit a turning point?
1 month ago

Disney’s streaming business is profitable. Has direct-to-consumer hit a turning point?

LA Times  

It took billions of dollars in losses, a company-wide overhaul, cost-cutting and price hikes to get there, but Bob Iger and Walt Disney Co. appear to have reached a long-awaited turning point in the streaming business. Disney’s fourth quarter earnings were also buoyed by a strong showing from its resurgent film studios, which put out big hits with “Deadpool & …

Walt Disney stock jumps 12% to hit 10-month high on strong Q4 results from streaming gains of ‘Inside Out 2’, ‘Deadpool’
1 month, 1 week ago

Walt Disney stock jumps 12% to hit 10-month high on strong Q4 results from streaming gains of ‘Inside Out 2’, ‘Deadpool’

Live Mint  

Walt Disney reported Q4 earnings that topped all Wall Street's estimates on Thursday, November 14, propelled by blockbuster ticket sales from the rude and irreverent summer Marvel film Deadpool & Wolverine. “We're well positioned for growth.” Operating income at the Entertainment unit, which includes film, television and streaming, more than doubled to $1.1 billion in the quarter, reflecting the return …

More cuts at Disney as ABC News and TV stations shed 75 jobs
2 months, 3 weeks ago

More cuts at Disney as ABC News and TV stations shed 75 jobs

LA Times  

Another round of layoffs hit the Walt Disney Co. as the company eliminated 75 positions at ABC’s television stations and news division Wednesday. The cuts were equally distributed among ABC News and the company’s eight owned and operated broadcast outlets including KABC in Los Angeles. “As we look to the future and refining a team that is not only capable …

Disney cuts 300 corporate staffers in latest wave of layoffs
2 months, 4 weeks ago

Disney cuts 300 corporate staffers in latest wave of layoffs

LA Times  

Disney’s studio lot in Burbank is shown. Walt Disney Co. has initiated a fresh round of layoffs, with corporate employees emerging as the latest victims of the Burbank media and entertainment giant’s ongoing $7.5-billion cost-cutting effort. In a statement provided Thursday to The Times, the House of Mouse said it is looking to manage its resources and costs “more effectively” …

Disney’s streaming business is profitable for first time, but slowing US park business ups anxiety
4 months, 2 weeks ago

Disney’s streaming business is profitable for first time, but slowing US park business ups anxiety

Associated Press  

Disney returned to a profitable third quarter as its combined streaming business started making money for the first time, along with a very strong showing in theaters for the movie “Inside Out 2.” Operating income for the entertainment segment, which includes its movie studio and parts of its television wing, nearly tripled to $1.2 billion. Disney’s stock was pressured in …

Disney posts first-ever streaming profit, warns of pressure on theme-parks unit
4 months, 2 weeks ago

Disney posts first-ever streaming profit, warns of pressure on theme-parks unit

Live Mint  

Disney’s streaming and movie businesses shifted into high gear last quarter, picking up the slack from the theme-parks unit, which has begun to show signs of strain. The entertainment giant’s streaming unit, which includes flagship platform Disney+, general entertainment service Hulu and the sports-focused ESPN+, became profitable one quarter ahead of schedule, producing operating income of $47 million on $6.38 …

Disney television unit hit with 140 layoffs, including cuts at National Geographic
4 months, 3 weeks ago

Disney television unit hit with 140 layoffs, including cuts at National Geographic

LA Times  

The cuts come as Disney continues to cut costs in an attempt to save money and stem losses from its streaming business. Walt Disney Co.’s television division is laying off about 2% of its workforce, or 140 people, as the Burbank media and entertainment giant continues a companywide cost-cutting plan. The cuts at Disney Entertainment Television will primarily affect National …

Disney’s streaming business turns a profit in first financial report since challenge to Iger
7 months, 2 weeks ago

Disney’s streaming business turns a profit in first financial report since challenge to Iger

Associated Press  

The Walt Disney Co. swung to a loss in its second quarter because of restructuring and impairment charges, but its adjusted profit topped expectations and its streaming business turned a profit. While Disney said Tuesday that it foresees its overall streaming business softening in the current quarter due to its platform in India, Disney+Hotstar, it expects its combined streaming businesses …

Disney’s streaming business (sans ESPN+) turns a quarterly profit
7 months, 2 weeks ago

Disney’s streaming business (sans ESPN+) turns a quarterly profit

LA Times  

The Walt Disney Co. name appears on a screen on the floor of the New York Stock Exchange. The company’s “entertainment streaming” business, which consists only of Disney+ and Hulu, was profitable for the quarter, notching operating income of $47 million, compared with a loss of $587 million a year earlier. Although Disney’s streaming business was a bright spot for …

Disney posts solid Q1 results thanks to its theme parks and cost cuts
10 months, 2 weeks ago

Disney posts solid Q1 results thanks to its theme parks and cost cuts

Associated Press  

SAN FRANCISCO — The Walt Disney Co. on Wednesday posted stronger-than-expected earnings for the final three months of 2023, boosted by cost cuts and growing revenue from its theme parks business. And it plans to launch a stand-alone ESPN streaming service in 2025 — different from the sports streaming platform it plans to launch this fall in a joint venture …

Disney reports sharp profit growth in the fourth quarter and an expansion of its cost-cutting drive
1 year, 1 month ago

Disney reports sharp profit growth in the fourth quarter and an expansion of its cost-cutting drive

Associated Press  

SAN FRANCISCO — Walt Disney Co. on Wednesday reported sharp profit growth for its fiscal fourth quarter while announcing an expansion of its cost-cutting drive under returning CEO Bob Iger. In a call with analysts Wednesday, Iger said the company’s focus on cost-cutting has “enabled tremendous efficiency” and the company based in Burbank, California, is on track to reduce expenses …

Disney CEO Bob Iger touts streaming progress after a year of ‘fixing’
1 year, 1 month ago

Disney CEO Bob Iger touts streaming progress after a year of ‘fixing’

LA Times  

Bob Iger said Disney is ready to build its business again after a long period of “fixing.” Nearly a year after Bob Iger made his dramatic return to lead Walt Disney Co., the chief executive says the world’s best-known entertainment company is ready to build its business again after a long period of “fixing” what had gone wrong in his …

Behind Disney’s Spectrum blackout: A ‘proxy battle’ for the future of television
1 year, 3 months ago

Behind Disney’s Spectrum blackout: A ‘proxy battle’ for the future of television

LA Times  

Disney Chief Executive Bob Iger said during this summer’s Allen & Co. Sun Valley Conference in Idaho that Disney would eventually offer ESPN directly to sports fans, bypassing cable and satellite TV operators. “The money that the distributors pay for these channels is relevant, but this dispute is more about giving Charter flexibility to offer Disney and ESPN content any …

Disney streaming service sees subscribers fall again
1 year, 4 months ago

Disney streaming service sees subscribers fall again

The Hindu  

Disney on Wednesday reported a loss for the most recent quarter, with the number of subscribers to its streaming service shrinking again, but a pledge to crack down on password sharing sent shares higher in after-market trades. The falling Disney+ subscriber numbers - for the third consecutive quarter - came as a major writers and actors strike hits the U.S. …

Disney to boost prices for ad-free Disney+ and Hulu services and vows crackdown on password sharing
1 year, 4 months ago

Disney to boost prices for ad-free Disney+ and Hulu services and vows crackdown on password sharing

Associated Press  

Walt Disney Co. CEO Bob Iger vowed to make its streaming services profitable via a planned October price hike on its ad-free Disney+ and Hulu plans and a crackdown on password sharing expected to extend through next year. “We’re obviously trying with our pricing strategy to migrate more subs to the advertising supported tier.” Iger didn’t provide details about the …

Disney raises price of streaming service as Iger cuts costs
1 year, 4 months ago

Disney raises price of streaming service as Iger cuts costs

The Telegraph  

Disney is raising the prices of its streaming service by more than a quarter as chief executive Bob Iger pushes to increase profitability. Mr Iger made a surprise comeback earlier this year after an 11-month absence, returning after shareholders grew frustrated at the company’s performance under his successor, Bob Chapek. Its latest Pixar animated film, Elemental, has endured a luke-warm …

Disney’s ABC, ESPN Weakness Adds Pressure to Make Streaming Profitable
1 year, 7 months ago

Disney’s ABC, ESPN Weakness Adds Pressure to Make Streaming Profitable

Live Mint  

Disney’s traditional television business has gone from superhero to weak link in just a few short quarters. Operating income from Disney’s parks, experiences and products unit has exceeded that of the linear-TV business for two consecutive quarters for the first time since Disney launched its streaming business. “We would joke 10 years ago that the company could be called ESPN …

Disney Earnings to Shed Light on Streaming Progress as Restructuring Continues
1 year, 7 months ago

Disney Earnings to Shed Light on Streaming Progress as Restructuring Continues

Live Mint  

When Walt Disney Co. reports second-quarter earnings Wednesday afternoon, all eyes will be on streaming, but not for the usual reasons. Investors will be looking for the entertainment giant to show meaningful progress cutting losses in its direct-to-consumer business, which includes flagship streaming service Disney+, as well as other platforms such as Hulu, ESPN+ and India’s Hotstar. But as losses …

Disney's Q2 earnings: increased profits but a mixed picture
1 year, 7 months ago

Disney's Q2 earnings: increased profits but a mixed picture

NPR  

Disney's Q2 earnings: increased profits but a mixed picture Enlarge this image toggle caption Disneyland Resort/Christian Thompson/The Walt Disney Company Disneyland Resort/Christian Thompson/The Walt Disney Company The Walt Disney Company reported a 13% increase in quarterly earnings on Wednesday — to $21.8 billion. Disney's vast, global portfolio includes theme parks, resorts, movies, streaming and broadcast channels including Disney+, Hulu, ESPN+, …

Disney+ sheds 4 million subscribers. Iger plans ‘one app experience’ with Hulu shows
1 year, 7 months ago

Disney+ sheds 4 million subscribers. Iger plans ‘one app experience’ with Hulu shows

LA Times  

Walt Disney Co.’s streaming video business narrowed its financial losses in the most recent fiscal quarter compared with a year earlier. “We’re pleased with our accomplishments this quarter, including the improved financial performance of our streaming business, which reflect the strategic changes we’ve been making throughout the company to realign Disney for sustained growth and success,” Iger said in a …

Disney Layoff: Around 4000 employees might lose their jobs
1 year, 7 months ago

Disney Layoff: Around 4000 employees might lose their jobs

India TV News  

Disney Layoff: Disney, an entertainment giant kicked off its second round of layoffs yesterday, which will affect the lives of 4,000 employees working in the company. In a note to employees, the company has said, "The senior leadership teams have been working diligently to define our future organisation, and our biggest priority has been getting this right, rather than getting …

Disney starts 2nd round of layoffs across parks, ESPN
1 year, 8 months ago

Disney starts 2nd round of layoffs across parks, ESPN

Associated Press  

The Walt Disney Co. will be laying off several thousand employees this week, a second round of cuts that’s part of a previously announced plan to eliminate 7,000 jobs this year. The company previously said that it doesn’t expect the job cuts to impact hourly frontline operations roles at its parks and resorts. Disney anticipates a third round of job …

Disney begins second round of layoffs; staff reductions to reach 4,000 this week
1 year, 8 months ago

Disney begins second round of layoffs; staff reductions to reach 4,000 this week

LA Times  

By this Thursday, Walt Disney Co., under CEO Bob Iger, is expected to reach 4,000 of the 7,000 targeted staffing eliminations it promised investors earlier this year. Walt Disney Co. on Monday begins notifying more employees of layoffs, according to Disney officials, marking a second wave of job reductions that are part of a broader cost-cutting effort by the Burbank …

Disney plans to cut 3% of its total global workforce in a cost-saving move
1 year, 8 months ago

Disney plans to cut 3% of its total global workforce in a cost-saving move

NPR  

Disney plans to cut 3% of its total global workforce in a cost-saving move Disney has begun the first of three rounds of layoffs, which CEO Bob Iger said in a memo will eventually total 7,000 jobs. MARTÍNEZ: Here to talk about what this means for Disney and consumers of its entertainment brands is NPR TV critic and media analyst …

Disney to layoff 7,000 employees this week: What CEO Bob Iger said in his email
1 year, 8 months ago

Disney to layoff 7,000 employees this week: What CEO Bob Iger said in his email

India TV News  

Disney Layoff News: According to a letter sent by Disney CEO Bob Iger to employees of Walt Disney Co, the company will start notifying the first group of affected employees about the upcoming layoffs in the next four days. The job cuts, aimed at reducing costs and streamlining the business, will impact several major divisions including Disney Entertainment, Disney Parks, …

Disney considers layoffs, nearly 4,000 employees at risk of job loss in April
1 year, 9 months ago

Disney considers layoffs, nearly 4,000 employees at risk of job loss in April

Live Mint  

Entertainment conglomerate Disney after announcing plans to eliminate 7,000 jobs in February's earning call, is considering to lay off at least 4,000 current employees in April, reported Business Insider on March 18. Apart from this, Disney has also announced that a reduction will be done in general entertainment aimed at adults and considering options for what to do with the …

Disney to cut jobs, save $5.5 bn; Hotstar sees subscribers leave
1 year, 10 months ago

Disney to cut jobs, save $5.5 bn; Hotstar sees subscribers leave

Live Mint  

Walt Disney Co. will be reducing its workforce by 7,000 as it saw its video streaming platform Disney+ lost paid subscribers by 1% in the October to December quarter, from 164.2 million to 161.8 million, the first such decline, amid cancellations of the Hotstar service in India after Disney lost streaming rights to cricket. Walt Disney shares rose as much …

Disney lays off 7,000 as streaming subscribers decline
1 year, 10 months ago

Disney lays off 7,000 as streaming subscribers decline

Firstpost  

The job cuts follow similar moves by US tech giants dialing back from a hiring spurt that began during the height of the pandemic San Francisco: Entertainment giant Disney said Wednesday it was laying off 7,000 employees, as CEO Bob Iger announced a reorganization of the company he returned to lead last year. “Because things in a very competitive world …

Disney to cut 7,000 jobs in Iger’s company ‘transformation’
1 year, 10 months ago

Disney to cut 7,000 jobs in Iger’s company ‘transformation’

Associated Press  

LOS ANGELES — The Walt Disney Co. will cut about 7,000 jobs as part of an ambitious companywide cost-savings plan and “strategic reorganization” announced Wednesday by CEO Bob Iger. In a statement, Iger said Disney is embarking on a “significant transformation” that management believes will lead to improved profitability at the company’s streaming business. The company’s direct-to-consumer business, which includes …

Peltz ends Disney proxy fight after layoff announcement. Iger says company was ‘intoxicated’ by subscriber growth
1 year, 10 months ago

Peltz ends Disney proxy fight after layoff announcement. Iger says company was ‘intoxicated’ by subscriber growth

LA Times  

Billionaire activist investor Nelson Peltz on Thursday ended his proxy fight with Walt Disney Co. after Chief Executive Bob Iger announced details of a major restructuring and cost-cutting program that included 7,000 job cuts. We will be rooting.” Peltz added, “The proxy fight is over.” The influential investor had been lobbying Disney executives and board members since July in an …

Bob Iger announces 7,000 job cuts at Disney, signals ‘significant transformation’
1 year, 10 months ago

Bob Iger announces 7,000 job cuts at Disney, signals ‘significant transformation’

LA Times  

Walt Disney Co. Chief Executive Bob Iger said Wednesday that the Burbank company will shed 7,000 jobs in an effort to save $5.5 billion in costs, marking some of the steepest reductions in the company’s history and the latest sign of Hollywood’s retrenchment. Iger singled out so-called general entertainment content — shows that exist outside Disney’s signature brands — as …

Walt Disney plans to freeze hiring, cut some jobs: Report
2 years, 1 month ago

Walt Disney plans to freeze hiring, cut some jobs: Report

Live Mint  

Walt Disney Co plans to freeze hiring and cut some jobs, a memo seen by Reuters has reported on Friday. It was sent to Disney's division leaders, saying the company is instituting a targeted hiring freeze and anticipates "some small staff reductions" as it looks to manage costs. Wall Street analysts voiced concern about Disney's escalating streaming costs, with MoffettNathanson …

Disney’s Bob Chapek orders hiring freeze, cost cuts to make Disney+ profitable
2 years, 1 month ago

Disney’s Bob Chapek orders hiring freeze, cost cuts to make Disney+ profitable

LA Times  

Bob Chapek wants Disney+ to be profitable by fiscal 2024, but meeting that goal is going to cause some pain at Walt Disney Co. In a memo to Disney executives reviewed by The Times, Chapek said he has established a “cost structure taskforce,” composed of Chief Financial Officer Christine McCarthy and general counsel Horacio Gutierrez. “These efforts will help us …

Hollywood’s 2022 double trouble: recession fears and streaming’s awkward age
2 years, 1 month ago

Hollywood’s 2022 double trouble: recession fears and streaming’s awkward age

LA Times  

Welcome to the Wide Shot, a newsletter about the business of entertainment. Today in the business of entertainment, MoviePass’ former executives are charged with securities fraud, Jimmy Kimmel will repeat as Oscars host and Dave Chappelle has been tapped to host “Saturday Night Live.” People have thoughts. NBCUniversal had a mixed quarter, with sales for Comcast’s entertainment business dipping 4% …

As streaming services get frugal, programming changes throw Hollywood creators for a loop
2 years, 4 months ago

As streaming services get frugal, programming changes throw Hollywood creators for a loop

LA Times  

Welcome to the Wide Shot, a newsletter about the business of entertainment. An HBO Max spokesperson said: “Live-action kids and family programming will not be part of our programming focus in the immediate future, and as a result, we’ve had to make the very difficult decision to end ‘Gordita Chronicles’ at HBO Max.” It’s worth noting that streaming services aren’t …

Disney+ Hotstar Adds 8.3 Million Subscribers, Hits 58.4 Million Users
2 years, 4 months ago

Disney+ Hotstar Adds 8.3 Million Subscribers, Hits 58.4 Million Users

News 18  

Disney+Hotstar has added 8.3 million subscribers in the company’s third fiscal quarter that ended on July 2, reaching 58.4 mn subscribers in India and Southeast Asia. The Walt Disney Company also updated subscriber guidance for Disney+ Hotstar, to up to 80 million subscribers by the end of its fiscal 2024. Overall, Disney+ subscriptions went up to 152.1 million for its …

Disney tops Netflix in streaming subscribers, raises prices for ad-free options
2 years, 4 months ago

Disney tops Netflix in streaming subscribers, raises prices for ad-free options

The Hindu  

Walt Disney Co edged past Netflix Inc with a total of 221 million streaming subscribers at the end of the most recent quarter and announced it will launch a Disney+ option with advertising this December. Disney+ with ads will cost $7.99 per month, the same price the company now charges for the ad-free version, Disney said in a statement on …

Disney+Hotstar is more popular in India: Know-why?
2 years, 4 months ago

Disney+Hotstar is more popular in India: Know-why?

India TV News  

Disney+Hotstar has reportedly announced that they have added 8.3 million subscribers in the third fiscal quarter, which ended on July 2, and has personally reached around 58.4 million subscribers in India and Southeast Asia. The Walt Disney Company also updated the subscriber guidance for Disney+ Hotstar, to up to 80 million subscribers by the end of its fiscal 2024. Overall, …

Disney edges past Netflix in streaming battle
2 years, 4 months ago

Disney edges past Netflix in streaming battle

Al Jazeera  

It had staked its future on building a streaming service to rival Netflix as audiences moved to online viewing from traditional TV. Walt Disney Co edged past Netflix Inc with a total of 221 million streaming customers and announced it will increase prices for customers who want to watch Disney+ or Hulu without commercials. The Mouse House added 14.4 million …

Disney+ ad-free subscription cost to rise by 38% in December
2 years, 4 months ago

Disney+ ad-free subscription cost to rise by 38% in December

Associated Press  

Walt Disney Co. said Wednesday it is raising prices for streaming subscribers in the U.S. who want to watch Disney+ without ads, as more viewers switch to what CEO Bob Chapek described as the “best value in streaming.” The price increases are tied to a new tiered service Disney will launch in December for U.S. subscribers. Disney said it added …

Disney+ subscribers are going to have to pay more to avoid commercials
2 years, 4 months ago

Disney+ subscribers are going to have to pay more to avoid commercials

LA Times  

Disney and Pixar’s “Lightyear,” which opened in theaters and is now on Disney+. The company’s key streaming service added 14.4 million subscribers during its third fiscal quarter, bringing its global total to 152.1 million. Disney said its direct-to-consumer segment, which includes Disney+, Hulu and ESPN+, lost $1 billion during the quarter, compared with a loss of about $300 million during …

Is Netflix’s loss Disney’s gain?
2 years, 7 months ago

Is Netflix’s loss Disney’s gain?

The Hindu  

Netflix is haemorrhaging subscribers. The streaming giant said last month it lost 200,000 customers in the March ending quarter, the first time it has shed subscribers since 2011. During the period, the company added 7.9 million subscribers added and total subscriptions across all its DTC offerings exceeded 205 million. “Higher costs for cricket programming were due to the airing of …

Disney+ adds 8 million subscribers, avoiding Netflix streaming slump
2 years, 7 months ago

Disney+ adds 8 million subscribers, avoiding Netflix streaming slump

LA Times  

The great streaming slowdown of 2022 hasn’t hit Mickey Mouse yet. Walt Disney Co. on Wednesday reported better-than-expected subscriber growth from its marquee streaming service Disney+ as it charged forward with its direct-to-consumer transformation while increasing revenue from its crucial theme parks business. The return of Disney’s massive theme parks operation boosted results, driving $6.65 billion in revenue from its …

Disney CEO: All of ESPN could one day be available for a streaming subscription
2 years, 7 months ago

Disney CEO: All of ESPN could one day be available for a streaming subscription

New York Times  

This year, ESPN for the first time will take an NFL game — the Oct. 30 London tilt between the Denver Broncos and Jacksonville Jaguars — and air it on ESPN+, its paywalled streaming service that has become home to an increasing number of its events, though few if any as big as an NFL game. ESPN parent Walt Disney …

Disney+ launching cheaper, ad-supported version in U.S. later this year
2 years, 9 months ago

Disney+ launching cheaper, ad-supported version in U.S. later this year

LA Times  

Disney+ is trying to reach up to 260 million subscribers by 2024. Streaming service Disney+ is launching a cheaper version with commercials late this year in the U.S. as Walt Disney Co. tries to improve its chances of hitting its subscriber goals. https://t.co/EsffdGY0nd — Rich Greenfield, LightShed 🔦 March 3, 2022 Disney Chief Executive Bob Chapek has set a goal …

Disney earnings top estimates as Disney+ subscriptions surge
2 years, 10 months ago

Disney earnings top estimates as Disney+ subscriptions surge

Al Jazeera  

Shares of the entertainment company were up 8 percent in extended trading. Walt Disney Co reported better-than-expected first-quarter revenue on Wednesday, buoyed by a steady recovery in its domestic theme parks during the holiday season and strong streaming subscriber growth. The company’s overall revenue rose 34 percent to $21.82bn in the quarter ended January 1, topping analysts’ estimate of $20.91bn, …

Disney+ sees smallest subscriber growth since launch in battle with Netflix
3 years, 1 month ago

Disney+ sees smallest subscriber growth since launch in battle with Netflix

Live Mint  

Walt Disney Co on Wednesday reported the smallest rise in Disney+ subscriptions since it launched the streaming video service to take on Netflix Inc, missing Wall Street targets and driving shares down nearly 5% after hours. Profits from Disney's theme park division fell well short of analyst projections, despite the quarter being the first time all parks were open since …

Disney+ added just 2 million subscribers last quarter. Here’s why
3 years, 1 month ago

Disney+ added just 2 million subscribers last quarter. Here’s why

LA Times  

Marvel Studios’ “Shang-Chi and the Legend of the Ten Rings,” which grossed $430 million at the global box office, will be available on the Disney+ app Friday. Disney+ added just 2.1 million subscribers in the entertainment giant’s most recent fiscal quarter, which ended in early October, bringing its total to 118.1 million, Disney said Wednesday. The company has said it …

Disney parks swing to a profit and Disney+ hits 116 million subscribers
3 years, 4 months ago

Disney parks swing to a profit and Disney+ hits 116 million subscribers

LA Times  

Visitors take a selfie in front of the Walt Disney statue inside Disneyland on April 30 when the theme park reopened for the first time in more than a year. Disney’s streaming business continued to grow, with Disney+ reaching 116 million subscribers during the quarter, up from the 103.6 million the company reported in May. Disney said increased subscription revenue …

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