The Walt Disney Company is losing millions of dollars!
Disney+ quickly became a major player in the competitive streaming market. Disney+ is a popular streaming service that belongs to The Walt Disney Company. This streaming service launched in the United States on November 12, 2019, and later expanded to various regions.
Disney+’s key strengths lie in its extensive content library, which includes a vast array of Disney classics such as The Lion King (1994) , The Little Mermaid (1989), Beauty and the Beast (1991), Snow White and the Seven Dwarfs (1937), and many more classic films. Disney+ is also home to Pixar films like Toy Story (1995), Inside Out (2015), Monsters Inc (2001), and many more. Marvel superhero movies, Star Wars franchises, and National Geographic documentaries are also found on Disney+. Disney+ caters to audiences of all ages, making it a versatile choice for families and individual viewers alike.
Disney+ is known for its commitment to providing a family-friendly streaming environment. Parents appreciate the platform’s content filtering options and the availability of age-appropriate shows and movies for children.
The user interface of Disney+ is designed to be intuitive and user-friendly. Subscribers can easily navigate through the platform, create personalized watchlists, and discover content based on their preferences. Disney offers various subscription options, including bundling with streaming services like Hulu and ESPN+.
Variety tweeted on X (formally known as Twitter) that Disney+ has lost $387 million. Disney+ has still seen a slight rise in streaming subscriptions from $146.7 million to $150.2 million.
Disney’s streaming business lost $387 million in Disney’s Q4. Disney+ now totals 150.2 million streaming subscriptions, up from 146.7 million in the previous quarter: Core Disney+ at 112.6 million subs and Disney+ Hotstar at 37.6 million.
Disney’s streaming business lost $387 million in Disney’s Q4.
Disney+ now totals 150.2 million streaming subscriptions, up from 146.7 million in the previous quarter: Core Disney+ at 112.6 million subs and Disney+ Hotstar at 37.6 million.https://t.co/ZjyMpST5r3
— Variety (@Variety) November 8, 2023
While the slight rise of subscribers have gone up some may drop when Disney+ closes down on password sharing like their competitor Netflix. When Netflix decided to put a stop to password sharing, they raised prices and made it so that you had to be on the same wifi network. This upset many Netflix subscribers, forcing them to cancel their subscriptions.
Disney+ also may be losing out on money due to backlash. Disney+ has faced backlash on multiple occasions due to decisions related to content removal. The platform received criticism for editing or removing scenes from classic films that were considered culturally insensitive or inappropriate by contemporary standards. While the intention was to address concerns about outdated content, it sparked debates about the importance of preserving historical context.
Certain casting decisions in Disney+ original productions have generated backlash. From concerns about cultural appropriation to accusations of whitewashing characters, casting controversies have led to discussions about the importance of accurate representation in the media. The latest backlash for a movie that will not be released on comes from the live-action Snow White, which is to be released March 21, 2025. Rachel Zegler is set to play Snow White and has commented about removing the prince from the new remake.
While Disney+ continues to be on top for now will they be able to stay on top for long?