Disney+ Adds Nearly 7 Million Subscribers, Still Loses Money

No matter what you think about the House of Mouse, the Force, or Marvel’s many assorted heroes and villains, there’s no denying Disney+ has might behind it. According to today’s quarterly report, which you can read here, the streamer now has more than 150 million subscribers worldwide, a number that includes India’s Disney+ Hotstar. This reflects an increase over last quarter’s 146.7 million, as reported by Variety, which also notes that Hulu now has 48.

“As we look forward, there are four key building opportunities that will be central to our success: achieving significant and sustained profitability in our streaming business, building ESPN into the preeminent digital sports platform, improving the output and economics of our film studios, and turbocharging growth in our parks and experiences business.

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+ Climbs to More Than 150 Million Subscribers as Streaming Losses Narrow to $387 MillionDisney reported its fiscal fourth-quarter 2023 earnings Wednesday, revealing Disney+ now totals 150.2 million streaming subscriptions
Source: Variety - 🏆 108. / 63 Read more »

Disney Ups Free Cash Flow to Nearly $4.9B Amid StrikesThe Disney chief gave an update on how the work stoppage has hit his company as talks with the performers' union could be progressing closer toward a deal.
Source: THR - 🏆 411. / 53 Read more »

Disney will start testing a combined Disney Plus and Hulu app next monthDisney’s combined Disney Plus and Hulu streaming app is on the way. As part of its fourth quarter earnings results, Disney announced it’s going to launch the new app in beta for bundle subscribers in December.
Source: verge - 🏆 94. / 67 Read more »

Disney: Potential Subscriber Loss Takes Center Stage Ahead of Key EarningsStocks Analysis by Investing.com (Günay Caymaz) covering: Walt Disney Company, Walt Disney, Walt Disney Company DRC, Walt Disney Co BDR. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »