Disney+ shed 4 million subscribers in the second quarter. But streaming lost less money

.’s steaming video business narrowed its losses in the most recent fiscal quarter compared to a year ago. But the company’s flagship online service Disney+ lost subscribers for the second-straight quarter, thanks to soft results from its direct-to-consumer product in India.

Disney, like other legacy media companies, is reckoning with the harsh realities of the streaming business after years of rapid growth as it tried to compete directly with Netflix. Disney+ started strong,But the streaming industry has lost steam, and Wall Street has demanded a realistic path to profitability for the money-losing apps — not just Disney+ but also rivals such as HBO Max, Peacock and Paramount+., causing some analyst to question whether it can hit its subscriber targets.

Crucially, Disney lost less money from its direct-to-consumer segment, comprised of Disney+, Hulu and ESPN+.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Disney Earnings: Streaming Losses Shrink and ARPU Rises, Disney+ Subscribers Fall to 157.8MHigher prices did not seem to materially impact the Disney+ domestic subscriber base even as the service lost subs due to international arm Disney+ Hotstar.
Source: THR - 🏆 411. / 53 Read more »

Disney widens legal war on DeSantis after he voids late power grabThe entertainment giant amended a federal lawsuit against the Republican leader, arguing that the freshly passed bills formalized his “retribution campaign” against the company.
Source: nypost - 🏆 91. / 67 Read more »