Disney is taking a note out of Warner Bros. Discovery notebook, as the company announced it will cut content from Disney+ and Hulu on their latest investor call. In addition to removing content from Disney+ and other streaming services, the House of Mouse also told investors they would be producing less content moving forward.
COLLIDER VIDEO OF THE DAY SCROLL TO CONTINUE WITH CONTENT “We realized that we made a lot of content that is not necessarily driving sub-growth, and we’re getting much more surgical about what it is we make. So as we look to reduce content spend, we’re looking to reduce it in a way that should not have any impact at all on subs.”
The advent of streaming platforms completely changed the home media business, and Disney even promised to add its full animation catalog to Disney+, taking movies out of the vault for the first time in years. However, the House of Mouse also chose to lock in some classic 20th Century movies after the Disney-Fox merger.
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Disney to combine Hulu, Disney+ into 1 app; posts higher earnings on strong theme park performanceOngoing strength at its theme parks and an improving streaming business propelled The Walt Disney Co. to higher profits and revenue in its fiscal second quarter.
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