Analysts had foreseen an increase in subscribers for the period, but an increase in prices sent customers turning away from the platform. theSun theSundaily DisneyPlus Netflix StarWars MarvelComics
NEW YORK:
Total subscribers to Disney Plus fell to 157.8 million, the Burbank, California-based group said, with the company losing US$659 million in its streaming unit, though this was not as bad as expected. Disney said that despite the fall in subscribers, revenue per customer had increased and added it believed the subscribers would again pick up, especially with the rise of cheaper ad-based service.The company pointed to especially good attendance at Disney resorts in Paris, Shanghai and Hong Kong.
Looking forward, Disney will be watching how long the writers’ strike in Hollywood plays out with production of Marvel Studios’ “Blade” as well as Star Wars series “Andor” already shut down.
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