Walt Disney Co is exploring a membership program that could offer discounts or perks to encourage customers to spend more on its streaming services, theme parks, resorts and merchandise, the Wall Street Journal reported on Wednesday.
A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange in New York, U.S., December 14, 2017. REUTERS/Brendan McDermidis exploring a membership program that could offer discounts or perks to encourage customers to spend more on its streaming services, theme parks, resorts and merchandise, the Wall Street Journal reported on Wednesday.
Internally, some executives have referred to Disney's initiative as "Disney Prime", although that won't be the name of the program, according to the report, which cited people familiar with the discussions. Discussions at Disney are in the early stages and it wasn't known how much the company would charge for membership and how long it would take to launch such a program, WSJ reported.
A membership program would help Disney increase customer spending on its products and services, while giving it access to information about consumer preferences.Reporting by Eva Mathews in Bengaluru; Editing by Shounak Dasgupta
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