Disney reveals Disney+ has lost subscribers for the first time since launching in 2019.
For the first time since launching over three years ago, Disney+ has tallied a net loss in subscriber accounts. Ahead of Disney's earnings call Wednesday afternoon, the company unveiled it lost 2.4 subscribers over the last three months of 2022. In spite of its first subscriber net-loss, the Mouse still beat Wall Street expectations thanks to an above-average performance from the company's parks division.
"After a solid first quarter, we are embarking on a significant transformation, one that will maximize the potential of our world-class creative teams and our unparalleled brands and franchises," Disney chief Bob Iger offered in a pre-call press release.
Disney ended up posting revenues of $23.51 billion for the quarter, an 8-percent growth over the end of FY 2022. The haul is slightly more than what insiders anticipated, with some suggesting the company would earn around $23.57 billion in the first quarter of FY 2023. Wednesday's earnings call also marks Iger's first such call since returning to the company to take over for Bob Chapek, the executive who initially took over for Iger in 2020.0comments"I am extremely optimistic for the future of this great company and thrilled to be asked by the Board to return as its CEO," Iger said upon his return to Disney.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Disney+ Drops 2.4 Million Subscribers in First Loss, Bob Iger Heralds ‘Significant Transformation’ UnderwayDisney+ dropped 2.4 million subscribers in the last three months of 2022 — marking the streaming service’s first decline since launching in late 2020 — while the Mouse House&8217…
Weiterlesen »
Disney's Hong Kong service drops 'Simpsons' episode with 'forced labor' referenceWalt Disney Co has cut an episode from the hit cartoon series 'The Simpsons' that contains a reference to 'forced labour camps' in China from its streaming service in Hong Kong, according to a check of the service. The episode 'One Angry Lisa', which first aired in October on television, is not available on the U.S. company's Disney Plus streaming service in Hong Kong, according to a check by Reuters.
Weiterlesen »
Disney drops 'Simpsons' episode in Hong Kong that mentions 'forced labor' in ChinaDisney removed an episode of ''The Simpsons' from its streaming platform in Hong Kong that mentions 'forced labor camps' in China, the Financial Times first reported and Axios has confirmed.
Weiterlesen »
Censorship in China: Disney+ drops Simpsons episode that mentions Chinese 'forced labor'An episode of The Simpsons that has a line about forced labor camps in China has been dropped from the Disney+ streaming platform in Hong Kong.
Weiterlesen »
Netflix reveals more details about password-sharing crackdownThe company lost subscribers in the first half of 2022 amid stiff competition from rivals.
Weiterlesen »
Disney is bringing the first episode of 'The Mandalorian' to broadcast TV | EngadgetFor one night only, Disney’s breakout Star Wars series is coming to cable TV.
Weiterlesen »