https://www.cnn.com/2023/05/10/business/disney-earnings/index.html
“Disney+ and its other two services, ESPN+ and Hulu, together trimmed losses by $228 million, or 13%, from a year earlier to $659 million. The improvement from the previous quarter was even greater, as it trimmed losses by nearly $400 million from $1.1 billion.
Disney did it with a 2% drop in subscribers for Disney+ to 157.8 million, and a 1% drop in subscribers overall, when including ESPN+ and Hulu in subscription totals. It was able to trim losses with fewer subscribers through higher subscription revenue and a decrease in marketing costs, partially offset by higher programming and production costs. “
https://www.bbc.com/news/business-65553932
“Disney has announced plans to combine content from its Disney+ and Hulu streaming services in the US.
The move comes after Disney+ lost four million subscribers in the first three months of the year, and the firm is under pressure to make its streaming business profitable
It now has a total of more than 231 million subscriptions across its three streaming platforms, which also include the sports-focused ESPN+ and wider entertainment site Hulu. Disney+ has close to 158m subscribers around the world, although that is still behind rival Netflix’s 232.5m subscribers.
The latest announcement comes after thousands of Hollywood TV and movie screenwriters held their first strike in 15 years last week. They are calling for better pay and working conditions as the transition to streaming has upended the traditional television and film industry. The last writers’ strike was in 2007. It lasted 100 days and cost the industry an estimated $2bn.”
