"Cancel culture" is a term often associated with celebrity blunders, but as of recent it's fueled a new trend that takes aim at corporate entities. The latest victim: Disney+.
The announcements came after Disney reported a loss of about 300,000 subscribers in the fiscal third quarter of this year, contributing to a $460 million net loss in profits from the same time last year. While price increases are common in the streaming business, if prices get too high, they can lead to an even steeper drop-off in subscribers. And that seems to be the intention of some users.
Another user even looped in the ongoing actors and writers strikes as a potential reason behind the new Disney changes.
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